Money

By Chris Isidore, CNN New York (CNN) — Since its founding by William Boeing more than a century ago, the Boeing Company has had 12 CEOs. The 13th might be the most important yet. As Boeing begins its search for a new CEO, the company is facing its worst-ever crisis. It has struggled through more

By Allison Morrow, CNN New York (CNN) — Almost five months after he was found guilty of committing one of the largest white-collar crimes in history, Sam Bankman-Fried is set to return to Manhattan federal court Thursday for sentencing that could land him in prison for the next half-century. It is clear that Bankman-Fried, who

By Laura He and Wayne Chang, CNN Hong Kong/Taipei (CNN) — Chinese leader Xi Jinping met more than a dozen US CEOs and academics on Wednesday as Beijing renewed efforts to woo back foreign investors and mend strained relations with the United States. Foreign direct investment in China has slumped in recent months as a

By Alicia Wallace, CNN Minneapolis (CNN) — The collapse of the the Francis Scott Key Bridge in Baltimore on Tuesday is unfortunately not the first deadly collapse of a major interstate bridge in the US. But the response to a bridge failure in Minneapolis 17 years ago, one of the most catastrophic bridge failures in

By Dalia Faheid, CNN (CNN) — With no one winning the Powerball jackpot Wednesday, the grand prize for Saturday’s drawing grew closer to the billion-dollar mark, according to the lottery. Wednesday’s winning numbers were: 37, 46, 57, 60, 66 and Powerball 8. The $935 million Powerball jackpot in play Saturday jumped from $865 million after no tickets matched

CNN By Oliver Darcy and Jon Passantino, CNN New York (CNN) — NBC News on Tuesday ousted former Republican National Committee chair Ronna McDaniel, just days after her hiring as a paid political analyst sparked intense backlash from the network’s top television anchors over McDaniel’s role in subverting the 2020 election and attacks on the

By Brian Fung and Samantha Delouya, CNN (CNN) — The Federal Trade Commission is investigating TikTok for its data and security practices, two sources told CNN on the condition of anonymity. The probe is yet another complication for the social media platform, which is already facing the threat of a potential US ban or a

By Oliver Darcy and Jon Passantino, CNN New York (CNN) — NBC News on Tuesday ousted former Republican National Committee chair Ronna McDaniel, just days after her hiring as a paid political analyst sparked intense backlash from the network’s top television anchors over McDaniel’s role in subverting the 2020 election and attacks on the press.

By Mark Thompson and Chris Isidore, CNN London/New York (CNN) — The bridge collapse that has indefinitely halted the flow of ships in and out of the Port of Baltimore could hurt the local economy, strain supply chains and scramble deliveries along the US East Coast. The Key Bridge collapsed after a container vessel called

CNN By Elizabeth Wolfe, Melissa Alonso and Yahya Abou-Ghazala, CNN (CNN) — The collapse of a major bridge in Baltimore early Tuesday morning due to a massive cargo ship collision has throttled one of the country’s biggest ports for the foreseeable future as crews search for six workers who are now presumed dead. Here’s the

By Samantha Murphy Kelly, CNN (CNN) — Apple announced its annual Worldwide Developer Conference will kick off on June 10, when the company is expected to show off its latest AI advancements. The conference, which is widely anticipated each year as a major showcase for Apple software news, will run Monday, June 10 through Friday,

By Brian Fung and Clare Duffy, CNN (CNN) — A federal judge’s decision this week reprimanding Elon Musk’s X will have reverberating effects on efforts to hold influential online platforms accountable, legal experts and advocacy groups say. On Monday, District Judge Charles Breyer dismissed and excoriated a lawsuit by X against online watchdog group Center

By Laura He and Anna Cooban, CNN Hong Kong/London (CNN) — BYD reported a jump of more than 80% in profit in its first set of annual earnings since it stole Tesla’s crown as the world’s top seller of electric vehicles. Net profit almost doubled to 30 billion yuan ($4.2 billion) last year, from 16.6

By Elisabeth Buchwald, CNN New York (CNN) — Two of the world’s largest credit card networks, Visa and Mastercard, as well as the banks that issue cards with them, have agreed to settle a decadeslong antitrust case brought upon by merchants. The settlement is set to lower swipe fees merchants pay when customers make purchases

By Alicia Wallace, CNN (CNN) — US home prices rose at the fastest clip in months to a fresh record high in January, according to data released Tuesday, highlighting how a housing shortage combined with high mortgage rates continues to limit affordability. The S&P CoreLogic Case-Shiller US National Home Price index rose 6% in January

CNN, POOL, GETTY IMAGES By Alicia Wallace, CNN (CNN) — US home prices rose at the fastest clip in months to a fresh record high in January, according to data released Tuesday, highlighting how a housing shortage combined with high mortgage rates continues to limit affordability. The S&P CoreLogic Case-Shiller US National Home Price index

By Hanna Ziady, CNN London (CNN) — The United States risks a bond market crisis of the kind that engulfed the United Kingdom 18 months ago, sending yields soaring and sparking a run on the pound, according to Congress’s independent fiscal watchdog. The stark warning from the Congressional Budget Office comes as US government debt

By Nicole Goodkind, CNN New York (CNN) — A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. US-based corporations are making more money than ever before, and

By Samantha Murphy Kelly, CNN (CNN) — When Apple launched its first Mac computer in 1984, with its iconic Mac smiley-face “hello” greeting, it wanted to differentiate itself in the fledgling PC market. The Mac was approachable with its friendly, innovative design – Apple’s way of setting the Mac apart in the confusing PC landscape.

By Elisabeth Buchwald and Bryan Mena, CNN (CNN) — Americans hamstrung by high borrowing costs on car loans, mortgages and credit cards shouldn’t expect much of a break this year. That’s because some Federal Reserve officials are reconsidering forecasts they made three months ago that called for three rate cuts this year. Currently, the Fed’s