CNN – Business/Consumer

By Brian Fung, CNN Washington (CNN) — TikTok sued Tuesday to block a US law that could force a nationwide ban of the popular app, following through on legal threats the company issued after President Joe Biden signed the legislation last month. The court challenge sets up a historic legal battle, one that will determine

By Jack Guy, CNN (CNN) — The maker of the Swiss Army Knife is working on a new version of the classic multi-tool, which won’t have a blade. “We are in the early stages of developing pocket tools without blades,” a spokesperson for Swiss firm Victorinox told CNN in a statement Tuesday, adding that they

By Elisabeth Buchwald, CNN New York (CNN) — People watching NBA playoff games on Tuesday night will view a new ad purchased by Robert Kraft’s Foundation to Combat Antisemitism telling them, “Don’t bring hate to the protest.” “Scream until you’re red in the face. But don’t scream at the Jewish kid walking to class,” the

By Samantha Murphy Kelly, CNN (CNN) — Apple is hoping its latest iPad lineup will breathe new life into its sluggish tablet market. In a pre-recorded live streamed event from its Cupertino, California headquarters, the company introduced the latest versions of its iPad Pro and iPad Air tablets, and an all-new Apple Pencil Pro. CEO

By Jeanne Sahadi, CNN New York (CNN) — Elections do have consequences. But if the past century is any guide, the long-term consequences of US presidential election years on investor portfolios, including 401(k)s, is minimal at best. A recent analysis by retirement planning firm TIAA considered how a moderate-risk portfolio with 60% stocks and 40%

By Oliver Darcy, CNN New York (CNN) — Editor’s Note: A version of this article first appeared in the “Reliable Sources” newsletter. Sign up for the daily digest chronicling the evolving media landscape here. In mid-April, when New York magazine sought to report on the pro-Palestinian student protests engulfing Columbia University, the features editor overseeing the storied publication’s coverage devised

By Peter Valdes-Dapena, CNN (CNN) — Auto body repair was a pretty straightforward business not that long ago. When metal got bent in a crash, someone needed to unbend it. It was a craft. These days, it’s high-tech. Virtually every new vehicle sold in the last few years has sensors and cameras, including radar and

By Hanna Ziady, CNN London (CNN) — UBS has reported its first quarterly profit since buying ailing rival Credit Suisse, marking a sharp turnaround from six months of losses that immediately followed the closure of the rescue deal. Shares in the Swiss lender surged 10% in Zurich Tuesday after it posted net profit of $1.8

By Jordan Valinsky, CNN New York (CNN) — Disgraced former Theranos CEO Elizabeth Holmes could be out of prison several months earlier than expected, according to the projected release date posted by the Bureau of Prisons. The Bureau of Prisons’ online database currently shows that Holmes’ expected release date from a Texas prison is August

By Jerome Taylor, CNN Hong Kong (CNN) — Nintendo says it plans to announce the followup to its popular Switch console by March 2025. “We will make an announcement about the successor to Nintendo Switch within this fiscal year,” Shuntaro Furukawa, the company’s president, wrote on X on Tuesday. “It will have been over nine

By Mariya Knight, CNN Atlanta (CNN) — Vladimir Kara-Murza, a prominent Russian human rights advocate and Kremlin critic, has won the Pulitzer Prize for commentary written from his prison cell. Kara-Murza is serving a 25-year jail term for publicly criticizing Moscow’s war in Ukraine. The sentence had been widely condemned by the international community as draconian

By Gregory Wallace, CNN (CNN) — Investigators are probing whether Boeing employees failed to perform some quality inspections on its 787 jets, the Federal Aviation Administration said Monday. The investigation is to determine whether the inspections were conducted and “whether company employees may have falsified aircraft records,” the FAA said. While the investigation takes place, Boeing employees

By Nicole Goodkind, CNN New York (CNN) — Warren Buffett is worried about artificial intelligence. At his annual shareholder meeting in Omaha, Nebraska, the 93 year-old co-founder, chairman and CEO of Berkshire Hathaway issued a stark warning about the potential dangers of the technology. “We let a genie out of the bottle when we developed

By Jordan Valinsky, CNN New York (CNN) — Former Starbucks CEO Howard Schultz might have left the coffee giant several months ago, but he’s still offering critiques of the company he ran for about 25 years over three stints. Following the release of Starbucks’ dismal earnings, Schultz wrote on his LinkedIn account that he was

By Matt Egan, CNN New York (CNN) — Truth Social owner Trump Media & Technology Group announced Monday it fired BF Borgers after US regulators accused the accounting firm of “massive fraud.” The decision to fire BF Borgers was expected and required by regulators. The accounting firm did not respond to a request for comment.

By Samantha Murphy Kelly, CNN (CNN) — When Ana Schultz, a 25-year-old from Rock Falls, Illinois, misses her husband Kyle, who passed away in February 2023, she asks him for cooking advice. She loads up Snapchat My AI, the social media platform’s artificial intelligence chatbot, and messages Kyle the ingredients she has left in the

By Laura He, CNN Hong Kong (CNN) — China has reported a surge in tourism during the just concluded Labor Day holiday, but travelers cut back on their spending, in a sign that consumption in world’s second largest economy remains sluggish. Tourists made a total of 295 million trips within mainland China during the five-day-long

By Oliver Darcy, CNN New York (CNN) — Kim Godwin, the embattled president of ABC News, abruptly announced Sunday evening that she will exit the network, capping a tumultuous three-year run at the outlet after staffers said her polarizing leadership led to plummeting employee morale. “I have decided to retire from broadcast journalism,” Godwin told

By Parija Kavilanz, CNN New York (CNN) — Retailers are feeling jittery. Consumers aren’t shopping like they used to. In a game of chicken between stores and shoppers, it’s the stores that appear to be yielding first, by dropping prices on thousands of products. The markdowns come as inflation has pushed prices higher for the

By Ramishah Maruf, CNN New York (CNN) — After several days of protests, pro-Palestinian encampments on the campuses of Ivy League schools Columbia and Brown came down last week. But while the apparent end of Columbia’s pro-Palestinian encampments was marred by a takeover of a building, a mass arrest, and a widespread condemnation of the