Money

By Matt Egan, CNN New York (CNN) — The University of Pennsylvania’s board of trustees is tapping J. Larry Jameson, its longest serving dean, to become the school’s interim president, replacing Liz Magill, following her resignation last weekend. Jameson is dean of UPenn’s medical school and will take the helm of the Ivy League institution

By Alicia Wallace, CNN New York (CNN) — For the first time since early last year, food prices aren’t rising faster than overall inflation — although dining out remains a pricey endeavor. The latest Consumer Price Index released Tuesday showed that food prices increased 2.9% for the year ended in November, coming in below the

By Nathaniel Meyersohn, CNN New York (CNN) — Macy’s has struggled for years against rising competition and shoppers migrating away from department stores. Now, a group of investors reportedly wants to take Macy’s private at a vulnerable moment for the famed company. Arkhouse Management, a real estate investment firm, and Brigade Capital Management, a global

By Olesya Dmitracova, CNN London (CNN) — Zara has pulled an advertising campaign that provoked a backlash from people decrying what they said was a resemblance to scenes of death and destruction in Gaza. The advertising images for a line of jackets, posted earlier this month to Zara’s official social media channels, featured rubble, ripped

By Brian Fung and Sean Lyngaas, CNN Washington (CNN) — The US government plans to vastly expand its reliance on artificial intelligence, but it is years behind on policies to responsibly acquire and use the technology from the private sector, according to a new federal oversight report. The lack of a government-wide standard on AI

By Ramishah Maruf, CNN New York (CNN) — Harvard University President Claudine Gay has drawn national attention over her contentious comments on Capitol Hill a week ago about antisemitism on campus. Many donors, politicians and business leaders demanded her resignation, but Harvard’s board, faculty and alumni have come to her defense. Gay was inaugurated as

By Alicia Wallace, CNN New York (CNN) — Sometimes boring and predictable can be good things. The latest Consumer Price Index report wasn’t flashy by any means: The inflation gauge that measures price changes for a basket of goods and services ticked down slightly to 3.1% for the 12 months that ended in November, according

By Jordan Valinsky, CNN New York (CNN) — Doritos is betting on a new way to get people addicted to their tortilla chips: booze. The PepsiCo-owned brand is releasing a new spirit based off of Doritos’ nacho cheese flavor that “tastes just like the real thing,” according to a press release. The chip maker partnered

By Jordan Valinsky, CNN New York (CNN) — Choice Hotels, which owns a number of budget lodging brands, including Comfort Inn, is getting more aggressive in its attempt to acquire its rival Wyndham Hotels. On Tuesday, Choice said it will expand its several monthslong hostile takeover bid of the Days Inn owner by taking its

By Matt Egan, CNN New York (CNN) — Embattled Harvard President Claudine Gay has gained the unanimous support of the university’s board, Harvard’s highest governing body said in a statement Tuesday, giving Gay significant cover to remain in her position after a tumultuous week in which many donors and politicians have called for her ouster.

By Hanna Ziady, CNN London (CNN) — The maker of Dove soap and Cif floor cleaner is being investigated by the UK antitrust regulator over concerns that it is “misleading” shoppers about how environmentally friendly its products are. An “initial review” into Unilever’s marketing tactics “uncovered a range of concerning practices,” the Competition and Markets

By Michelle Toh, CNN Hong Kong (CNN) — The billionaire founder of Chinese online shopping giant JD.com is rallying the troops and calling for change at his company, even as he blamed himself for “mismanagement.” Richard Liu, chairman of JD.com (JD), one of China’s largest online shopping platforms, has told employees that the Beijing-based firm

By Ally Barnard and Tara Subramaniam, CNN Hong Kong (CNN) — “The Boy and the Heron,” the latest work from beloved Japanese animator Hayao Miyazaki, has become his first film to top the North American box office. The movie earned just under $13 million in its opening weekend, the biggest ever opening in the United

By Brian Fung, CNN (CNN) — In a momentous decision that could chip away at Google’s firm control of its Android app store, a federal jury said Monday evening that Google’s app marketplace is an illegal monopoly. The verdict in a years-long battle between Epic Games — maker of the hit video game “Fortnite” —

By Samantha Delouya, CNN (CNN) — Hasbro is slashing nearly 20% of its workforce amid an ongoing slump in toy sales. Hasbro CEO Chris Cocks announced layoffs for 1,100 workers in a Monday memo to employees, cuts which come in addition to the roughly 800 jobs eliminated earlier this year. Cocks said the decision to

By Liam Reilly, CNN (CNN) — Digital publisher The Arena Group, which operates household brands such as Sports Illustrated and The Street, fired its chief executive on Monday amid a larger C-suite bloodbath, a spokesperson for the company told CNN. A spokesperson for The Arena Group declined to go into further detail to explain the

CNN By Clare Duffy, CNN New York (CNN) — A day after Elon Musk restored the X accounts of notorious right-wing conspiracy theorist Alex Jones and his website, Infowars, the platform is actively promoting Jones’ account to other users, giving the fringe figure a major platform to air his deceptive and dangerous views. Conspiratorial posts

By Clare Duffy, CNN New York (CNN) — A day after Elon Musk restored the X accounts of notorious right-wing conspiracy theorist Alex Jones and his website, Infowars, the platform is actively promoting Jones’ account to other users, giving the fringe figure a major platform to air his deceptive and dangerous views. Conspiratorial posts from Jones’

By Liam Reilly, CNN (CNN) — Hannah Giles, the chief executive of Project Veritas, said Monday she has stepped down from her role at the right-wing group “effective immediately,” after discovering evidence that the organization has engaged in “past illegalities.” “Though I had high hopes when I joined the organizations, I stepped into an unsalvageable mess — one

By Harmeet Kaur, CNN (CNN) — If you turned to Google these past few months to make sense of the Israel-Hamas war, you aren’t alone. The tech giant released its 2023 Year in Search on Monday, and the data indicates that people around the world sought out information around Hamas’ October 7 attack on Israel