Money

By Elisabeth Buchwald, CNN New York (CNN) — For the past 50 years, the US unemployment rate has mostly been far above 4%, even rocketing to almost 15% during the pandemic. Yet in the turbulent period that followed lockdowns and other economic disruptions from the pandemic, it has stayed below the 4% level for more

By Anna Cooban, CNN London (CNN) — British business groups are warning that newly announced post-Brexit charges on plant and animal imports could push up food prices not long after food inflation came down from double-digit rates. From April 30, UK businesses will have to pay up to £145 ($184) per delivery of most animal

By Ramishah Maruf and Gloria Pazmino, CNN New York (CNN) — A group of six Latino immigrant workers fell to their deaths while working on Baltimore’s doomed Francis Scott Key Bridge last week. When construction begins to rebuild it, more Latino immigrants will almost certainly join the effort to reopen the crucial transportation artery. Latino workers make

By Parija Kavilanz, CNN New York (CNN) — Sellers of doughnuts, pizza, smoothies, chips, and one perfectly named, celestially inspired, snack — MoonPie — are looking at the full solar eclipse as a marketing bonanza, albeit a short-term one. They are trotting out eclipse-themed offerings to mark the day next week when the moon will

By Jeanne Sahadi, CNN New York (CNN) — Buying a home is likely one of the most complex and expensive transactions you’ll ever make. If you think you’ll want to make that leap in the next year or two, you can save yourself real money and avoid unpleasant surprises if you use the next several

By Dalia Faheid, CNN (CNN) — The Powerball jackpot has skyrocketed to an estimated $1.3 billion after yet another lottery drawing yielded no grand prize winner Wednesday night. Wednesday’s winning numbers were: 11, 62, 65, 38, 41 and Powerball 15. For the next Powerball drawing on Saturday night, a lucky winner can choose to receive

By Ramishah Maruf, CNN New York (CNN) — When Amazon debuted cashier-less technology, it was hailed as the future of retail. But now, Amazon is walking back its “Just Walk Out” technology at its grocery stores, reining in grand promises of an automated, friction-less checkout. Amazon said it is removing the technology at US Amazon

By Clare Duffy, CNN New York (CNN) — The world’s biggest chipmaker is working to resume operations following the massive earthquake that struck Taiwan Wednesday — a welcome sign for makers of products ranging from iPhones and computers to cars and washing machines that rely on advanced semiconductors. A 7.4 magnitude earthquake struck the island’s east coast Wednesday

By Jeff Winter, CNN (CNN) — The Metropolitan Transit Authority says it wants the organizers of New York City’s marathon to pay $750,000 a year, citing the steep loss of bridge toll revenues for closing the Verrazano-Narrows Bridge, the Staten Island-Brooklyn connection that has served as the starting point for the race for decades. “New Yorkers love Marathon Sunday,

By Allison Morrow and Hadas Gold, CNN New York (CNN) — Disney won a hard-fought proxy battle against a group of activist investors who sought to secure seats on the company’s board of directors. The shareholder vote served as a legacy-defining victory for CEO Bob Iger. Disney’s board triumphed by what the company called “a substantial margin”

By Marshall Cohen, CNN (CNN) — A judge has scheduled a major defamation case against right-wing cable channel Newsmax to go to trial in late September, putting the battle over 2020 election lies front-and-center at the peak of the 2024 campaign. Newsmax and the voting technology company Smartmatic could still reach an out-of-court settlement, and further delays are

By Matt Egan, CNN New York (CNN) — Florida venture capitalist Michael Shvartsman and his brother Gerald Shvartsman pleaded guilty on Wednesday to participating in an insider trading scheme linked to the blockbuster deal that brought former President Donald Trump’s social media business public. Each of the brothers pleaded guilty in New York to one

By Bryan Mena, CNN Washington (CNN) — Egg prices have now been steadily rising for months, and your omelette could become even more expensive as poultry farms around the country deal with an outbreak of bird flu. The average price of a dozen Grade A large eggs was $3 in February, according to the latest

By Chris Isidore and Jennifer Hansler, CNN Washington, DC (CNN) — US Secretary of State Antony Blinken is the latest person dealing with problems with a Boeing jet. Blinken and other State Department officials who are in Europe for talks about the wars in Ukraine and Gaza were forced to ride by car between Paris

By Anna Cooban, CNN London (CNN) — The European Union has launched investigations into two groups of companies that include Chinese solar panel makers in the latest salvo against what it suspects is unfair competition from China’s vast manufacturing sector. The European Commission, the EU’s executive arm, said Wednesday that it would assess whether foreign

By Rosa de Acosta, CNN Hong Kong (CNN) — In 1995, metallurgy graduate Wang Chuanfu founded BYD, a small Chinese company focused on producing rechargeable nickel-cadmium batteries more cheaply than Japanese competitors. Nearly 30 years later, the Shenzhen-based firm has become the world’s leading manufacturer of electric vehicles (EVs), even surpassing American giant Tesla (TSLA)

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. The battle for the future of Disney is about to reach its epic conclusion. After waging a relentless months-long proxy war on the Magic Kingdom’s

By Nicole Goodkind, CNN New York (CNN) — US markets have had a great 15 months. The S&P 500 rallied 24% in 2023 and hit 22 new all-time highs in the first quarter of 2023. But a rising tide does not necessarily lift all boats. Direct-to-consumer brands – household names like HelloFresh, Peloton, Allbirds, Stitch

By Laura He, CNN Hong Kong (CNN) — Chinese internet giants are buying back their shares at a record pace, as they try to boost their market value in the midst of a historic stock rout in the world’s second largest economy. Alibaba Group (BABA) announced Tuesday that it had bought back $12.5 billion of

By Sean Lyngaas, CNN Washington (CNN) — Microsoft committed a “cascade” of “avoidable errors” that allowed Chinese hackers to breach the tech giant’s network and later the email accounts of senior US officials last year, including the secretary of commerce, a scathing US government-backed review of the incident has found. The hack “was preventable and