Money

By Peter Valdes-Dapena, CNN Business (CNN) — Owners of about 3.3 million Hyundai and Kia cars and SUVs in the United States should avoid parking in or near structures because the vehicles could suddenly catch fire – whether they’re being driven or not, according to an announcement Wednesday from the National Highway Traffic Safety Administration.

By Jeanne Sahadi, CNN New York (CNN) — Women have made huge strides in business, ascending to the C-suite and the boardroom in record numbers. But they are still very far from achieving parity with men in securing top corporate jobs in the United States. Women make up half the US population. But they only

By Chris Isidore and Vanessa Yurkevich, CNN Detroit (CNN) — The United Auto Workers union is preparing to announce a possible expansion of its strike against General Motors, Stellantis and maybe Ford this Friday if there isn’t more progress in talks, a union source familiar with plans said Wednesday. UAW President Shawn Fain is set

By Chris Isidore, CNN New York (CNN) — Donald Trump arrives in Michigan Wednesday with a lot more support among blue collar union members than a lot of Republican presidential candidates before him. But his record as president is decidedly anti-union. “I want a future that protects American labor, not foreign labor,” he said at

CNN By Parija Kavilanz, CNN New York (CNN) — Target’s decision to close nine of its stores in major cities, citing persistent large-scale theft at those locations is the latest signal that retailers may be struggling in their battle to contain a growing and dangerous problem. Industry experts say even a small increase in crime

By Parija Kavilanz, CNN New York (CNN) — Target’s decision to close nine of its stores in major cities, citing persistent large-scale theft at those locations, is the latest signal that retailers may be struggling in their battle to contain a growing and dangerous problem. Industry experts say even a small increase in crime can

By Matt Egan, CNN Business New York (CNN Business) — America’s emergency oil stockpile has plunged to 40-year lows. The shrinking Strategic Petroleum Reserve is limiting Washington’s ability to shield consumers from the fallout of Saudi Arabia’s aggressive supply cuts, according to Goldman Sachs. “At this point, US energy policy has fewer bullets left. It

By Tom Foster (CNN) — Californian EV-maker Lucid has opened the first ever car manufacturing plant in Saudi Arabia, as the kingdom looks to establish itself as a global player in the EV race. Lucid officially opened the plant in King Abdullah Economic City, near Jeddah, on Wednesday. The factory — the company’s first international

By Jordan Valinsky, CNN New York (CNN) — Not even bottled ketchup is immune from the excitement of the possible romance between Taylor Swift and Travis Kelce. Heinz is releasing a limited edition “Ketchup and Seemingly Ranch” sauce in celebration of the two, with its origins being extremely online. On Sunday, Swift made an appearance

By Catherine Thorbecke, CNN (CNN) — X, the social media company formerly known as Twitter, has scrapped a feature that lets users self-report political misinformation on the platform, a research group says, marking the latest safety-focused guardrail that X has rolled back since billionaire Elon Musk took the helm. The move was first spotted by

By Claudia Colliva, Chris Liakos and Olesya Dmitracova, CNN Paris/London (CNN) — Two of the largest retail chains in France have announced they will forego all profit on fuel sales, yielding to government pressure to sell gasoline and diesel at cost. The savings for motorists at the pump? $1 to $2 per tank. “From September

By Aimee Look, CNN Abu Dhabi, UAE (CNN) — Dubai is rolling out its first round of robotaxis next month, as a part of a plan to alleviate congestion and accidents. Five fully autonomous electric taxis, operated by a General Motors subsidiary called Cruise, will begin test driving on an 8km (5 mile) stretch in

By Jeanne Sahadi, CNN New York (CNN) — Gen Xers are now in their 40s and 50s and account for about a fifth of the US population. As the next generation in line to retire behind the Baby Boomers, their experience may be a cautionary tale for those coming up behind them. A recent report

By Anna Cooban, CNN London (CNN) — London’s office market has plunged into a “rental recession,” with the share of empty space hitting its highest level in three decades, investment bank Jefferies said in a note Wednesday. The New York-based firm said vacancies in the City of London, the UK capital’s historic financial district, accounted

By Hanna Ziady, CNN London (CNN) — Shares of UBS plunged Wednesday following a Bloomberg report that the Swiss bank faces a widening probe by the US Department of Justice (DOJ) over suspected compliance failures that allowed Russian clients to evade sanctions. The Swiss Stock Exchange said it had temporarily stopped trade in the stock,

By Laura He, CNN Hong Kong (CNN) — Shares of Evergrande Group crashed again on Wednesday as fears grew of a potential liquidation of the company, the poster child of China’s property crisis. The embattled developer’s stock closed down 19% at 32 Hong Kong cents (4 US cents), putting its market cap at just 4.2

By Laura Paddison, CNN (CNN) — The British government approved the development of a huge oil and gas field in the North Sea Wednesday, sealing its commitment to keep producing fossil fuels for decades to come. The Rosebank field, situated northwest of Shetland in Scotland and majority-owned by Norwegian state-owned energy company Equinor, is the

By Taylor Romine, CNN (CNN) — The Culinary Workers Union Local 226 and Bartenders Union Local 165 voted Tuesday to authorize a strike, they said in a post on X, formerly known as Twitter. Members voted 95% in favor of a strike authorization in Las Vegas, the unions said. The union leadership is now authorized

KTNV By Taylor Romine, CNN (CNN) — The Culinary Workers Union Local 226 and Bartenders Union Local 165 voted Tuesday to authorize a strike, they said in a post on X, formerly known as Twitter. Members voted 95% in favor of a strike authorization in Las Vegas, the unions said. The union leadership is now

CNN By Parija Kavilanz, CNN New York (CNN) — Target’s decision to close nine of its stores in major cities, citing persistent large-scale theft at those locations, is the latest signal that retailers may be struggling in their battle to contain a growing and dangerous problem. Industry experts say even a small increase in crime