Money

By Anna Bahney, CNN Washington, DC (CNN) — Adjustable-rate mortgages, which got a bad name during the housing meltdown of the late 2000s, are gaining some traction again as would-be homebuyers face the highest rates in decades for fixed-rate mortgages. As rates for the 30-year fixed-rate loan climb to levels not seen in 23 years,

By Matt Egan, CNN New York (CNN) — A nonprofit founded by former Victoria’s Secret billionaire Leslie Wexner and his wife Abigail is breaking off ties with Harvard University, alleging the school has been “tiptoeing” over Hamas’ terror attacks against Israel. The Wexner Foundation’s decision to end its relationship and financial support for Harvard is

By Ramishah Maruf, CNN New York (CNN) — LinkedIn is laying off 668 people across its engineering, product, talent and finance teams as part of a broader restructuring, the social media platform announced Monday. In a blog post, the social media site for professionals said it is making changes to its organizational structure and streamlining

By Samantha Murphy Kelly, CNN Business (CNN) — Demand for Apple’s new iPhone 15 lineup is weaker in China than for last year’s models, according to analysts. Sales for the iPhone 15 are down 4.5% in China compared to iPhone 14 sales in the first two weeks after its launch, according to Counterpoint Research. Separately,

By Kaitlyn Schwanemann, CNN (CNN) — Traditional medical imaging – used to diagnose, monitor or treat certain medical conditions – has long struggled to get clear pictures of patients with dark skin, according to experts. Researchers say they have found a way to improve medical imaging, a process through which physicians can observe the inside

By Donie O’Sullivan and Brian Fung, CNN (CNN) — Hamas is barred from most social media platforms. But its following has surged on popular messaging app Telegram since its October 7 terror attack on Israel. One account belonging to the al-Qassam Brigades, the armed wing of the Hamas movement, has seen its following triple, and there has

By Nathaniel Meyersohn, CNN New York (CNN) — Drugstore chains for decades saturated US cities, suburbs and small towns with new stores. Now, they are closing thousands of stores, leaving gaps in communities for medicines and essentials. Researchers find pharmacy closures lead to health risks such as older adults failing to take medication. Rite Aid,

By Jennifer Korn, CNN New York (CNN) — Photo-editing software maker Adobe unveiled a slew of new AI-powered tools and features last week at its annual Max event, including a dress that transforms into a wearable screen and streamlined ways to delete elements from photos. The company previewed a series of prototype tools that make

By Vanessa Yurkevich, CNN (CNN) — Bill Ford, the executive chair of Ford Motor Company, made his first public comments since negotiations began with the United Auto Workers union and the Big Three automakers. He called on the UAW to “stop this now,” and bring an end to talks. Ford, who has been involved in

By Matt Egan, CNN New York (CNN) — Former US Ambassador Jon Huntsman blasted the University of Pennsylvania’s response to antisemitism and is promising to halt his family’s donations to the prestigious university. The strong criticism from Huntsman, a 1987 graduate and former UPenn trustee, comes amid a growing backlash from donors and trustees. The

By Chris Isidore, CNN (CNN) — Ford is laying off about 700 workers who build the F-150 Lightning, the electric version of its best-selling pickup truck, and unlike other recent layoffs this one has nothing to do with the ongoing strike by the United Auto Workers union. The company said it will temporarily cut one

By Nicole Goodkind, CNN New York (CNN) — Social Security benefits pump a large chunk of change into the US economy – with about $1.4 trillion going to more than 67 million Americans last year alone. The program, equivalent to 5% of the country’s gross domestic product, provides a cash infusion that helps keep the

By Anna Cooban, CNN London (CNN) — TikTok is stepping up efforts to counter misinformation, incitement to violence and hate relating to the Israel-Hamas war on its online platform, it announced Sunday, days after the European Union (EU) warned social media companies they risked falling foul of the bloc’s content moderation laws. As part of

By Brian Fung and Catherine Thorbecke, CNN (CNN) — When the Federal Trade Commission and 17 states sued Amazon last month in a landmark antitrust case, Lina Khan, chair of the FTC, described it as a “cutting-edge” lawsuit that captures “state-of-the-art thinking” about modern monopolies in the tech industry. The closely watched case may be

Diksha Madhok, CNN (CNN) — Australia issued a fine of $610,500 Australian dollars ($386,000) on Monday against the company formerly known as Twitter for “falling short” in disclosing information on how it tackles child sex abuse content, in yet another setback for the Elon Musk-owned social media platform. Just days earlier, the European Commission formally

By Laura He, CNN Hong Kong (CNN) — Oil prices rose above $91 a barrel Monday as diplomatic efforts to address the crisis in the Middle East intensified, but slipped back later in the day, falling below $90 on reports that that US was nearing a deal to ease sanctions on Venezuela. Prices dropped on

By David Goldman, CNN New York (CNN) — Rite Aid filed for Chapter 11 bankruptcy protection Sunday, a casualty of a miserable environment for drug stores, exacerbated by its runner-up status to bigger chains and expensive legal battles for allegedly filling unlawful opioid prescriptions. The bankruptcy was not a surprise. Its bigger rivals, CVS and

By Laura He and Carina Cheng, CNN Hong Kong (CNN) — China’s economy may be in the doldrums, but its movie theaters have enjoyed a record-breaking few months as young women flocked to see home-grown films. Box office receipts totaled 23.44 billion yuan ($3.2 billion) between June and September, the highest amount for that period

By Chris Isidore, CNN New York (CNN) — Autoworkers in Canada ratified a new labor contract Sunday with General Motors, averting a resumption of a strike that had lasted about 13 hours on Tuesday. Members of Unifor, the Canadian union that represents 4,300 workers at GM, voted 80% in favor of the new deal, which