Money

By Jeanne Sahadi, CNN New York (CNN) — Summer is just starting in North America, and already an intense “heat dome” is forecast to affect more than half the US population this week. Some areas, including Montpelier, Vermont; Syracuse, New York; and Pittsburgh, haven’t seen heat like this in about three decades. Along with stifling

By Oliver Darcy, CNN (CNN) — Jeff Bezos, the billionaire owner of The Washington Post, broke his silence Tuesday on the mounting turmoil within his newspaper, expressing support for maintaining high standards at the storied publication as questions swirl over the ethical integrity of its new publisher, Will Lewis. “I know you’ve already heard this

By David Goldman, CNN (CNN) — Robert Gibbs, a former White House press secretary during the Obama administration, will be joining Warner Bros. Discovery to lead its communications team. Gibbs, who has been leading public relations efforts in the private sector for years after leaving the White House, will take over public relations and public

By Krystal Hur, CNN New York (CNN) — Nvidia, Wall Street’s artificial intelligence poster child, is now the most valuable company in the world, taking the crown from Microsoft. Nvidia’s market capitalization closed at roughly $3.34 trillion on Tuesday, edging past Microsoft’s $3.32 trillion value. Apple is the third most valuable company in the US

By Anna Cooban, CNN London (CNN) — London’s stock market has edged ahead of its rival in Paris as fears grow over the outcome of France’s looming parliamentary elections. All stocks listed in France are now worth about $3.13 trillion in total, compared with $3.18 trillion for all shares listed in the United Kingdom, Bloomberg reported

CNN By Chris Isidore and Gregory Wallace, CNN Washington (CNN) — A current Boeing employee claims that the company tried to shield broken or out-of-specification 737 Max plane parts from regulators and lost track of them, according to a Senate subcommittee investigation made public Tuesday. Boeing tried to hide the nonconforming parts from Federal Aviation

By Bryan Mena, CNN Washington (CNN) — Sales at US retailers rose last month at an unexpectedly weak pace as Americans continue to deal with still-high inflation and elevated interest rates. Retail sales rose just 0.1% in May from the prior month, the Commerce Department reported Tuesday. That’s better than April’s downwardly revised 0.2% decline

By Mark Thompson, CNN London (CNN) — A record number of millionaires could leave the United Kingdom this year as political turmoil and the potential for higher taxes under a future Labour government reduce the appeal of what was once among the top destinations for the rich. As many as 9,500 people with at least

By Jordan Valinsky, CNN New York (CNN) — Subway’s footlong cookies were so popular they had a shortage. Now, the chain is hoping to replicate that success with savory new companions. Beginning Tuesday, three new 12-inch long additions are arriving, called Dippers. They use Subway’s flatbread, rolled up with pepperoni and cheese, chicken and cheese

By Chris Isidore and Gregory Wallace, CNN Washington (CNN) — A current Boeing employee claims that the company tried to shield broken or out-of-specification 737 Max plane parts from regulators and lost track of them, according to a Senate subcommittee investigation made public Tuesday. Boeing tried to hide the nonconforming parts from Federal Aviation Administration

By Olesya Dmitracova, CNN London (CNN) — Fisker, a US electric vehicle startup, said Tuesday it had filed for bankruptcy. The company had already warned it was in trouble. When it published quarterly earnings in February, it said it might not have enough money to survive another year. Fisker added then that it was in

By Allison Morrow, CNN New York (CNN) — A year ago Tuesday, the world watched in horror as a multinational search began for a commercial sub and five passengers that, days later, would end in tragedy. The agonizing spectacle sent a chill through the small but growing community of deep-sea submersible enthusiasts. OceanGate, the controversial

By Laura He, CNN Hong Kong (CNN) — Warren Buffett’s Berkshire Hathaway has further cut its large stake in BYD, which vies with Tesla as the world’s largest electric car (EV) maker, as global trade tensions escalate over Chinese EVs. The legendary investor’s conglomerate sold another 1.35 million Hong Kong-listed shares of BYD on June

By Samantha Delouya, CNN (CNN) — Last month, a much-beloved piece of American history was nearly stolen – but not in a museum heist or a home burglary. Instead, self-proclaimed scammers used a fraudulent real estate scheme. In late May, Graceland, Elvis Presley’s iconic Memphis home-turned-tourist-attraction, was nearly auctioned off when a company called Naussany

CNN By Holly Yan and Debra Goldschmidt, CNN (CNN) — Students in the nation’s second-largest school district will no longer be able to use cell phones during the school day after the Los Angeles Unified School District’s board voted 5-2 in favor of the ban Tuesday. The move highlights a frustration shared by educators across

By Hadas Gold, CNN (CNN) — Alex Jones’ notorious conspiracy platform Infowars may have survived a key decision from a federal judge last week, but the platform’s future is far from secure. A bankruptcy judge in Houston on Friday allowed Jones to liquidate his personal assets to help pay the nearly $1.5 billion that he owes the families of

By Chris Isidore and Gregory Wallace, CNN Washington DC (CNN) — Boeing CEO Dave Calhoun plans to apologize for Boeing’s recent safety failures in Senate testimony Tuesday and admit to problems with the company culture, but he’ll push back on whistleblower claims that the company retaliated against those who brought safety issues to light. “Much

By Erika Tulfo, CNN (CNN) — McDonald’s is pulling the plug on artificial intelligence ordering technology it was testing at more than 100 restaurant drive-thru systems in the US, a possible hiccup in the rapid rollout of AI in the fast food industry. The company had worked with IBM to develop and test AI-driven, voice-automated

By Ramishah Maruf, CNN New York (CNN) — Taking care of Fido is getting out of reach for more Americans. Nationwide Pet, the country’s largest provider of pet insurance, says it is dropping about 100,000 policies between now and next summer to keep up with spiraling costs in vet care. The move comes as other