Money

By Laura He, CNN Hong Kong (CNN) — China wooed a number of top Western companies on Monday with renewed promises to open up its financial industry and create a more welcoming environment as Beijing tries to reverse a record low in foreign investment in the face of mounting economic challenges. Pan Gongsheng, governor of

By Chris Isidore, CNN (CNN) — The union representing Canadian autoworkers at Ford has put its strike plans there on hold, keeping its more than 5,000 members on the job at three plants there for at least another day, and providing some good news for an industry dealing with unprecedented labor disruptions. Lana Payne, president

By Marshall Cohen, CNN (CNN) — Dominion Voting Systems’ $1.6 billion defamation lawsuit against Newsmax over the right-wing network’s airing of 2020 election lies is scheduled to go to trial in late September 2024, a Delaware judge decided. Dominion sued Newsmax in the wake of the 2020 election over the network’s on-air promotion of the

By Catherine Thorbecke, CNN (CNN) — Alyssa Henry, the CEO of Square – a unit of Jack Dorsey’s fintech company, Block – will leave her post at the company next month. Henry, who has worked at Block for over nine years, will step down as chief executive of Square on October 2, according to a

By Bryan Mena, CNN Washington, DC (CNN) — In the event of a US government shutdown, the Bureau of Labor Statistics says it will stop releasing data, including key figures on inflation and unemployment. A lack of crucial government data would make it difficult for investors and the Federal Reserve to interpret the US economy.

By Catherine Thorbecke, CNN (CNN) — iPhone users: Today’s the day to update to Apple’s latest operating system, iOS17, and unlock a slew of new features that promise to make the iPhone experience more personal and intuitive. Apple first teased iOS17 at its annual Worldwide Developer Conference in early June, but you may have missed

By Jordan Valinsky, CNN Business New York (CNN) — “Monday Night Football” is back on ABC because of the ongoing strikes disrupting Hollywood. The Disney-owned network announced Monday that it’s adding ten more NFL games to its schedule and broadcasting the entire fall season of “Monday Night Football.” The change helps plug a hole in

By Matt Egan, CNN New York (CNN) — Prices at the pump climbed to their highest level of the year on Monday as oil prices push past $92 a barrel. Normally, gas prices cool off after the summer driving season ends on Labor Day. But the opposite has happened this year as Saudi Arabia’s and

By Jordan Valinsky, CNN Business New York (CNN) — Bill Maher has changed his mind and isn’t bringing back his HBO talk show amid the ongoing writer’s strike. “My decision to return to work was made when it seemed nothing was happening and there was no end in sight to this strike,” Maher wrote on

By Anna Bahney, CNN Washington, DC (CNN) — Home builder confidence took a hit in September as average mortgage rates for a 30-year fixed-rate loan stayed above 7%. Builder confidence in the market for newly built single-family homes in September fell five points to 45, according to the National Association of Home Builders / Wells

By Allison Morrow, CNN New York (CNN) — There’s a common thread linking the two biggest labor protests in America right now: Workers want a living wage after years of stagnant or falling pay, while across the bargaining table sit executives whose compensation has been growing wildly year after year. Exorbitant CEO pay is a

By Brian Fung and Hadas Gold, CNN (CNN) — Israeli Prime Minister Benjamin Netanyahu called on Elon Musk to ‘roll back’ antisemitism on X, the platform formerly known as Twitter, during an in-person conversation broadcast live on Monday afternoon. After an exchange about the regulation of artificial intelligence, Netanyahu praised Musk for his commitment to

By Hanna Ziady, CNN London (CNN) — When Liz Truss was briefly Britain’s prime minister a year ago, the world’s sixth-largest economy came close to resembling Argentina, a country plagued by financial and economic instability. That’s according to former Bank of England Governor Mark Carney, who has accused Truss and other “extreme conservatives” of “a

By Jon Passantino and Oliver Darcy; CNN (CNN) — DirecTV and Nexstar announced Monday that they had largely resolved a bitter carriage dispute that had left millions of the satellite carrier’s subscribers unable to access local television giant Nexstar’s large array of channels. The deal to restore more than 170 Nexstar-owned stations across the country,

By Jordan Valinsky, CNN New York (CNN) — A cyberattack at Clorox is causing wide-scale disruption of the company’s operations, hampering its ability to make its cleaning materials, Clorox said Monday. Clorox said some of its products are now in short supply as it has struggled to meet consumer demand during the disruption. Clorox didn’t

By Eva Rothenberg, CNN (CNN) — These days, you’d be hard-pressed to find anything at the store for under a dollar. But on Monday, in honor of National Cheeseburger Day, McDonald’s customers will be able to get a double cheeseburger for just 50 cents, only 45 cents more than what the chain’s original hamburger cost

By Michelle Toh, CNN Hong Kong (CNN) — Australia’s new central bank chief, Michele Bullock, took the helm Monday after a firestorm of criticism over rising living costs engulfed the tenure of her predecessor. Bullock, the first woman in the role, was appointed governor of the Reserve Bank of Australia (RBA) in July, taking over

By Laura He, CNN Hong Kong (CNN) — Chinese police have detained some staff of Evergrande’s wealth management unit after the company failed to repay investors, in the first criminal probe launched against the embattled property developer since it was hit by a massive debt crisis in late 2021. Shares in the company tumbled as

By Eva Rothenberg, CNN (CNN) — When the United Auto Workers called a strike last week against General Motors, Ford and Stellantis, one of their demands focused on an idea circulating on the periphery of labor reform circles. In addition to calling for a 36% pay raise and increased job security, union members want a