Money

By Jordan Valinsky, CNN Elon Musk has officially been dethroned from the top of Forbes’ annual “World’s Billionaire’s List.” The Tesla and Twitter chief is now the second-richest billionaire, worth an estimated $180 billion, which is $39 billion less than the previous year. The top spot has been awarded to Bernard Arnault, the chairman of

By Alicia Wallace, CNN America isn’t taking down all of its “help wanted” signs just yet — but they are slowly starting to disappear. The number of available jobs in the United States dropped in February to 9.93 million, the lowest number since May 2021, according to data released Tuesday by the Bureau of Labor

By Robert North and Anna Cooban, CNN The UK data regulator has fined TikTok £12.7 million ($15.9 million) for a number of breaches of data protection law, including misusing children’s personal data. The Information Commissioner’s Office estimates that, in 2020, TikTok allowed more than 1 million UK children under 13 to use its platform in

By Jordan Valinsky, CNN Walmart is laying off more than 2,000 workers at five US warehouses that fulfill website orders, weeks after America’s largest private employer warned it’s in for a tough year ahead. The retail giant is cutting more than 1,000 jobs in Texas, 600 jobs in Pennsylvania, 400 in Florida and 200 in

By Julia Horowitz, CNN Few brands are big enough to sell three beers for nearly $100. Elon Musk’s Tesla may be one. The electric car company has launched a limited edition “GigaBier,” a pilsner-style brew made in Germany. Presented in a glossy black sleeve, the bottle is designed to emulate Tesla’s Cybertruck. The beer —

By Nicole Goodkind, CNN Some of the world’s largest oil exporters shocked markets over the weekend by announcing that they would cut oil production by more than 1.6 million barrels a day. OPEC+, an alliance between the Organization of the Petroleum Exporting Countries (OPEC) and a group of non-OPEC oil-producing countries, including Russia, Mexico, and

By Anna Cooban, CNN Virgin Orbit, the rocket company founded by British billionaire Richard Branson, has filed for bankruptcy in the United States. The California-based company said in a statement Monday that it had filed for Chapter 11 bankruptcy, meaning that it can continue doing business while it restructures its debts. “While we have taken

By Ramishah Maruf and Chris Isidore, CNN A jury ordered Tesla to pay over $3 million Monday in a racial discrimination case brought by a former employee of its assembly plant in Fremont, California. The case was brought by Owen Diaz, who worked as an elevator operator at the plant. He reported he regularly heard