CNN – Business/Consumer

By Oliver Darcy, CNN Business Former Fox News host Ed Henry, who was fired in 2020 over a sexual misconduct allegation, filed a defamation lawsuit on Wednesday against the right-wing news network and chief executive Suzanne Scott. The lawsuit accused Scott of having “publicly smeared” Henry as a “sex criminal” when she released a statement

By Allison Morrow Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. TSK TSK A Wall Street regulator ordered Robinhood to pay about $70 million for “systemic supervisory failures” and hurting investors by giving them “false or misleading information.” That’s

By Matt Egan, CNN Business American drivers need OPEC and Russia to come to the rescue. Gasoline prices, averaging $3.12 a gallon in the United States according to AAA, are at seven-year highs just as millions of people hit the road for the July 4th holiday weekend. Some gas stations are even running out of

By Alicia Wallace, CNN Business It’s just about closing time on Thursday in early June and the regulars are catching up and winding down after a busy night of darts league. They shoot the breeze, fling back a couple of shots, and spout off lyrics (“get on your bikes and ride!”) to accompany the tunes

By Matt Egan, CNN Business Democrats are once again taking aim at dreaded bank overdraft fees. New York Congresswoman Carolyn Maloney reintroduced legislation on Wednesday that would crack down on overdraft fees, making it illegal for banks to charge more than one fee per month. The bill, which is very similar to legislation Maloney sponsored

By Chris Isidore, CNN Business Consumer Reports and the Insurance Institute for Highway Safety have once again given their thumbs up to the Tesla Model 3 after it passed a test of its new automatic braking system. As of May 1, Tesla switched from a radar-based system to a camera-based system it dubbed Tesla Vision

By Jordan Valinsky, CNN Business The Bill and Melinda Gates Foundation announced Wednesday that it is committing more than $2 billion to gender equality initiatives, including economic empowerment and woman’s health. “The world has been fighting for gender equality for decades, but progress has been slow,” Melinda Gates, co-chair of the Gates Foundation, said in

Workers, wielding new-found leverage from the pandemic, are being more selective. One company hired 412 employees offering a $2000 bonus if they stayed 90 days – yet many of them left.

By Frank Pallotta, CNN Business David Geffen, one of the most famous business moguls in Hollywood, is giving $150 million to the Yale School of Drama. The gift will make the prestigious school tuition free for all current and future students. “The donation — the largest on record in the history of American theater —

By Alexis Benveniste, CNN Business Ampex Brands — a franchisee that owns more than 400 Pizza Hut, KFC, Taco Bell, Long John Silver’s and 7-Eleven locations — is buying Au Bon Pain. Panera, which purchased Au Bon Pain in 2017, will sell all 171 of Au Bon Pain’s locations and will allow Ampex to franchise

In Atlanta, Mary Mac’s Tea Room serves up much more than sweet tea. See how they put their soul into a classic taste of the South.

By Danielle Wiener-Bronner, CNN Business McDonald’s is offering you the chance to earn points for chicken sandwiches or vanilla cones. At Popeyes, you could get a special meal not available to anyone else. And at one point, Chipotle even dangled the possibility of winning a car. That’s because restaurants are ramping up their rewards programs.

By Paul R. La Monica, CNN Business Berkshire Hathaway vice chairman Charlie Munger praised the Chinese government for silencing Alibaba’s Jack Ma in a recent interview, adding that he wishes US financial regulators were more like those in China. “Communists did the right thing,” Munger, the 97-year-old longtime friend of Warren Buffett, said about the

By Matt Egan, CNN Business Robinhood is being ordered to pay about $70 million for harming millions of customers. It’s the largest penalty ever imposed by Wall Street’s self-regulator. The controversial trading app was accused Wednesday by the Financial Industrial Regulatory Authority of “systemic supervisory failures” and hurting investors by giving them “false or misleading

By Anneken Tappe, CNN Business It’s the half-way point of the year and President Joe Biden’s stock market has quite the rally to show for itself: The S&P 500 has already reached the target some analysts set for the entire year. The index, the broadest measure of the US stock market, is up more than