Money

By Matt Egan, CNN (CNN) — Embattled regional bank New York Community Bancorp suffered another blow Tuesday evening as Moody’s Investors Service downgraded its credit rating to junk status. Moody’s said the downgrade was driven by concerns about “challenges” facing New York Community Bancorp after the lender shocked Wall Street last week by revealing a surprise

By Matt Egan, CNN (CNN) — The University of Pennsylvania plans to start a weekslong process of turning over documents to Congress on Wednesday in response to a House committee antisemitism investigation, a university spokesperson told CNN. However, the Ivy League school is signaling it won’t necessarily turn over all of the many documents the

By John Towfighi, CNN (CNN) — Relationship on the brink? Pizza Hut wants you to say goodbye with a Hot Honey pie. Pizza Hut launched its “Goodbye Pies” campaign February 6, which lets customers order free Pizza Hut delivery to the address of an ex-lover. From now until Valentine’s Day, customers can go to GoodbyePies.com

By Chris Isidore, CNN New York (CNN) — Last fall Ford agreed to a big raise for striking members of the United Auto Workers union. On Tuesday, they gave their shareholders an even bigger raise. The company announced it would give shareholders a second, supplemental dividend that will more than double the regular dividend they

By Oliver Darcy, CNN (CNN) — Three of the biggest sports broadcasters are uniting to create a super-platform that will house their sports assets under a single streaming roof, a seismic and once-unthinkable move as the industry rapidly transitions away from linear television to streaming services. Disney’s ESPN, Fox Corporation, and Warner Bros. Discovery (CNN’s parent

By Rene Marsh and Matt Egan, CNN (CNN) — The Department of Education on Tuesday announced a new investigation into Harvard University’s handling of alleged discrimination on its campus after a federal civil rights complaint was filed late last month against Harvard on behalf of Muslim and Palestinian students. The students said in the complaint

By Clare Duffy, CNN New York (CNN) — Shares of Snapchat parent Snap plunged on Tuesday after the company reported a loss in the final three months of 2023. Snap reported a net loss of $248 million for the December quarter, an improvement from the same period in the prior year and a narrower loss

By Ramishah Maruf, CNN New York (CNN) — Football’s youngest fans will be able to watch Super Bowl LVIII announced by SpongeBob SquarePants and the rest of the gang from Bikini Bottom. Nickelodeon and CBS Sports announced the first-ever alternate telecast for the Super Bowl, which will air on the kid’s television channel on Sunday,

CNN By Chris Isidore, CNN New York (CNN) — There was a huge bang. A massive hole opened up in the side of the plane, minutes into a flight. Wind and noise filled the cabin, clothes and phones were ripped from passengers and hurled into the void. The metal of airplane seats twisted towards the

By Jordan Valinsky and Alexandra Peers, CNN New York (CNN) — Women watch the Super Bowl, too, right? And this year a slew of advertisers is expecting it. Health and beauty companies, some for the first time, are joining the scrum of beverage, technology and auto brands that have long been a staple of the

By Jeanne Sahadi, CNN New York (CNN) — There’s little doubt that doing a great job, being liked by higher-ups, making money for the company and having in-demand skills may offer some protection from getting pink-slipped. But even when you check all those boxes, there are no guarantees. No matter how great your performance reviews,

By Samantha Delouya, CNN (CNN) — JPMorgan Chase announced a multi-billion dollar effort to grow its physical footprint on Tuesday. The bank, which already boasts the largest number of branches compared to its competitors in the United States, said it would open more than 500 new Chase branches and hire 3,500 employees in the next

By Allison Morrow, CNN New York (CNN) — Corporate America may be bumping up against the limit of its power to keep raising prices as consumers in some markets cry uncle. At McDonald’s, which has repeatedly boasted about its ability to raise menu prices without denting sales, executives are finally acknowledging that customers need a

By Anna Bahney, CNN Washington, DC (CNN) — Home insurance policies as well as additional earthquake, fire and flood coverage are becoming more expensive and, in some places, harder to find. The frequency and severity of catastrophic weather events and inflation are among the forces driving up the costs for insurers, who pass on the

By Anna Bahney, CNN Washington, DC (CNN) — The storms pummeling California this week hit a part of the US already being battered by a home insurance crisis. Insurance costs in much of California have become exceedingly high, with some insurers abandoning the market, unwilling to take on the risk presented by the frequency and

CNN, KCAL, KCBS, KABC, KMAX, KOVR, KRCR, CITY OF LOS ANGELES BUREAU OF STREET SERVICES, LA FIRE DEPT, X, @DR_PHILLIPB, SAUL GONZALEZ, CNN, CNN, KCAL/KCBS, KABC, KMAX, KOVR, KRCR, City of Los Angeles Bureau of Street Services, LA Fire Dept, X/@Dr_PhillipB, Saul Gonzalez By Anna Bahney, CNN Washington, DC (CNN) — The storms pummeling California

By David Wright, Yahya Abou-Ghazala and Brian Fung, CNN (CNN) — A robocall that used an AI voice resembling President Joe Biden’s to advise New Hampshire voters against voting in the state’s presidential primary has been linked to a pair of Texas-based telecommunications companies, the state’s attorney general announced on Tuesday. New Hampshire Attorney General John

KGO, CNN By Nathaniel Meyersohn, CNN New York (CNN) — Violent crime and other felonies fell in 2023 in America’s biggest cities. They increased in Oakland. Robberies grew 38% last year in Oakland, according to police data. Burglaries increased 23%. Motor vehicle theft jumped 44%. Roughly one of every 30 Oakland residents had a car stolen last year, according

By Nathaniel Meyersohn, CNN New York (CNN) — Violent crime and other felonies fell in 2023 in America’s biggest cities. They increased in Oakland. Robberies grew 38% last year in Oakland, according to police data. Burglaries increased 23%. Motor vehicle theft jumped 44%. Roughly one of every 30 Oakland residents had a car stolen last year, according to a