Money

By Juliana Liu, CNN Hong Kong (CNN) — Video-sharing platform TikTok has become the first app that isn’t a mobile game to generate $10 billion in global consumer spending, according to a new report, and is expected to become the highest earning app ever. The other four apps identified by app intelligence provider data.ai as having

By Ramishah Maruf, CNN New York (CNN) — Amazon, Target and Walmart have voluntarily stopped selling water beads marketed for children after government officials, lawmakers and public health professionals called for a ban on the toys. Water beads are tiny balls made out of extremely absorbent polymer material. When exposed to liquid, they can expand

By Krystal Hur, CNN New York (CNN) — Argentina will devalue the peso by more than 50% as part of emergency measures to help the nation’s struggling economy, the country’s Economy Minister Luis Caputo announced Tuesday. The stark move changes the official conversion rate to 800 pesos per dollar from 365 pesos and comes just

By Sergio Padilla, CNN New York (CNN) — The Electronic Entertainment Expo, known by video game enthusiasts as E3, is no more. The live trade show for video game publishers and hardware developers was once the most anticipated event in gaming but would suffer from a lack of interest from both the public and industry

By Jennifer Korn, CNN New York, NY (CNN) — A new $10 billion mega chip-making complex is coming to New York state. Governor Kathy Hochul announced New York’s efforts to build a High NA Extreme Ultraviolet (EUV) Lithography research and development center. In a statement Monday, she said the state will invest $1 billion and

By Ramishah Maruf, CNN New York (CNN) — In a major step in transparency, Netflix for the first time released on Tuesday a report of what people watched on the streaming service during a six-month period. The report, titled “What We Watched: A Netflix Engagement Report,” is set to be published twice a year, going

By Clare Duffy, CNN New York (CNN) — The New Mexico Attorney General’s office has accused Meta of shutting down the accounts it used to investigate alleged child sexual abuse on Facebook and Instagram, according to a motion it filed Tuesday in the lawsuit it brought against the tech giant last week. The Attorney General

By Brian Fung, CNN (CNN) — Fresh off his company’s monumental court victory over Google, Epic Games CEO Tim Sweeney says he has a theory for why a federal jury determined Google was running an illegal monopoly with its app store: The company left too much of a paper trail to ignore. “Google executives wrote

By Matt Egan, CNN New York (CNN) — The University of Pennsylvania’s board of trustees is tapping J. Larry Jameson, its longest serving dean, to become the school’s interim president, replacing Liz Magill, following her resignation last weekend. Jameson is dean of UPenn’s medical school and will take the helm of the Ivy League institution

By Alicia Wallace, CNN New York (CNN) — For the first time since early last year, food prices aren’t rising faster than overall inflation — although dining out remains a pricey endeavor. The latest Consumer Price Index released Tuesday showed that food prices increased 2.9% for the year ended in November, coming in below the

By Nathaniel Meyersohn, CNN New York (CNN) — Macy’s has struggled for years against rising competition and shoppers migrating away from department stores. Now, a group of investors reportedly wants to take Macy’s private at a vulnerable moment for the famed company. Arkhouse Management, a real estate investment firm, and Brigade Capital Management, a global

By Olesya Dmitracova, CNN London (CNN) — Zara has pulled an advertising campaign that provoked a backlash from people decrying what they said was a resemblance to scenes of death and destruction in Gaza. The advertising images for a line of jackets, posted earlier this month to Zara’s official social media channels, featured rubble, ripped

By Brian Fung and Sean Lyngaas, CNN Washington (CNN) — The US government plans to vastly expand its reliance on artificial intelligence, but it is years behind on policies to responsibly acquire and use the technology from the private sector, according to a new federal oversight report. The lack of a government-wide standard on AI

By Ramishah Maruf, CNN New York (CNN) — Harvard University President Claudine Gay has drawn national attention over her contentious comments on Capitol Hill a week ago about antisemitism on campus. Many donors, politicians and business leaders demanded her resignation, but Harvard’s board, faculty and alumni have come to her defense. Gay was inaugurated as

By Alicia Wallace, CNN New York (CNN) — Sometimes boring and predictable can be good things. The latest Consumer Price Index report wasn’t flashy by any means: The inflation gauge that measures price changes for a basket of goods and services ticked down slightly to 3.1% for the 12 months that ended in November, according

By Jordan Valinsky, CNN New York (CNN) — Doritos is betting on a new way to get people addicted to their tortilla chips: booze. The PepsiCo-owned brand is releasing a new spirit based off of Doritos’ nacho cheese flavor that “tastes just like the real thing,” according to a press release. The chip maker partnered

By Jordan Valinsky, CNN New York (CNN) — Choice Hotels, which owns a number of budget lodging brands, including Comfort Inn, is getting more aggressive in its attempt to acquire its rival Wyndham Hotels. On Tuesday, Choice said it will expand its several monthslong hostile takeover bid of the Days Inn owner by taking its

By Matt Egan, CNN New York (CNN) — Embattled Harvard President Claudine Gay has gained the unanimous support of the university’s board, Harvard’s highest governing body said in a statement Tuesday, giving Gay significant cover to remain in her position after a tumultuous week in which many donors and politicians have called for her ouster.

By Hanna Ziady, CNN London (CNN) — The maker of Dove soap and Cif floor cleaner is being investigated by the UK antitrust regulator over concerns that it is “misleading” shoppers about how environmentally friendly its products are. An “initial review” into Unilever’s marketing tactics “uncovered a range of concerning practices,” the Competition and Markets