Money

By Peter Valdes-Dapena, CNN Laguna Beach, California (CNN) — There was a time when an electric Tesla pickup, something designed to go head-to-head against America’s most popular products, the Ford F-150 and Chevrolet Silverado, seemed just the thing to take Tesla truly mainstream. Then, in 2019, Elon Musk unveiled the Tesla Cybertruck, a bare metal

By Jeanne Sahadi, CNN New York (CNN) — Being a working parent seeking affordable, accessible and high-quality child care in the United States can be as tricky — but much less fun — than solving the Rubik’s cube. The good news: More employers have started to offer child care benefits. The bad news: They are

By Laura He, CNN Hong Kong (CNN) — Nvidia has named Huawei a top competitor in a number of areas, including in the crucial production of processors that power artificial intelligence (AI) systems. The Santa Clara-based company said Wednesday in its annual report that Huawei was a competitor in four out of five major categories of its business,

CNN Opinion by Bob Kolasky (CNN) — The news Thursday morning of the AT&T service outage — affecting tens of thousands, if not hundreds of thousands of customers — was yet another reminder of the importance of critical infrastructure resilience. Statements from the company do not point to any nefarious activity but the Federal Communications Commission is investigating,

By David Goldman and Caroll Alvarado, CNN (CNN) — Pharmacies across the United States are reporting that they are having difficulty getting prescriptions to patients because of a cyberattack on a unit of UnitedHealth. The company said in a regulatory filing Thursday its Change Healthcare business, which processes prescriptions to insurance for tens of thousands

By Oliver Darcy, CNN (CNN) — Vice Media will cease publishing to its website and lay off several hundred staffers as the beleaguered publisher makes “fundamental changes” to its “strategic vision” under its new private equity ownership, chief executive Bruce Dixon announced Thursday in a memo to staff. “This decision was not made lightly, and

By Brian Fung, Catherine Thorbecke and Clare Duffy, CNN (CNN) — Tens of thousands of Americans had trouble making phone calls, sending texts, reaching emergency services or even accessing the internet on Thursday because of a nearly 12-hour AT&T network outage. And at least one police department reported that its 911 line was briefly flooded

By Jennifer Korn, CNN (CNN) — Cybersecurity software company Avast faces a $16.5 million fine from the Federal Trade Commission after the agency filed a complaint Wednesday accusing the company of selling consumer data to third parties. The FTC says Avast, a firm that promises to protect consumer data from online tracking, has done the

By Oliver Darcy, CNN (CNN) — Timothy Burke, a former journalist, has been charged with 14 federal crimes over the alleged hack and leaking of a series of unflattering behind-the-scenes clips of Tucker Carlson, according to an indictment unsealed Thursday. In the grand jury indictment, Burke was charged with one count of conspiracy, six counts of accessing a

By Jennifer Korn, CNN (CNN) — Nvidia CEO Jensen Huang’s wealth saw a major boost on Thursday as the company he cofounded in 1993 surged in value. Now ranked by Bloomberg as the 21st richest person in the world, Huang expanded his wealth by as much as $8.5 billion on Thursday alone as his company’s

By Anna Bahney, CNN Washington, DC (CNN) — Mortgage rates climbed for the third week in a row, inching closer to 7%. The 30-year fixed-rate mortgage averaged 6.90% in the week ending February 22, up from 6.77% the previous week, according to data from Freddie Mac released Thursday. A year ago, the average 30-year fixed-rate

By Catherine Thorbecke and Clare Duffy, CNN New York (CNN) — Google is pausing its artificial intelligence tool Gemini’s ability to generate images of people after it was blasted on social media for producing historically inaccurate images that largely showed people of color in place of White people. The embarrassing blunder shows how AI tools

By Anna Bahney, CNN Washington, DC (CNN) — Sales of existing homes in the US climbed in January, pushed up by buyers who were encouraged to make a purchase by falling mortgage rates. But the surge may be short-lived if rates extend a post-January climb. Existing home sales (not newly-constructed homes) — which include single-family

By Hanna Ziady, CNN London (CNN) — In 1867, pharmacist Henri Nestlé combined dried cow’s milk with cereals and sugar to create a safe, easily digestible breast-milk substitute. That infant formula was the foundation of what would become the world’s biggest food company. Now, Nestlé is embracing a new “significant demographic opportunity”: the planet’s aging

By Nicole Goodkind, CNN New York (CNN) — US stocks soared to new highs on Thursday after Nvidia, the third largest company on Wall Street, blew past earnings expectations and bolstered investor optimism on Wall Street. The S&P 500 and Dow Jones Industrial Average both notched new record highs and the tech-heavy Nasdaq was within

By Melissa Alonso, CNN (CNN) — The U.S. Labor Department on Wednesday requested that a federal court issue a temporary injunction against Tennessee-based Fayette Janitorial Services after investigators found the company “employed children to clean and sanitize spaces and equipment during overnight shifts” in meat and poultry slaughtering establishments, according to a federal complaint. “Minors were

By Olesya Dmitracova, CNN London (CNN) — One year after the conclusion of the world’s biggest trial of a four-day work week, a large majority of companies that took part were still allowing their employees to work a shorter week and more than half had made the change permanent. For six months between June and December