Money

By Anna Bahney, CNN Washington, DC (CNN) — Rents continue to cool, dropping for the sixth month in a row nationwide, and providing a bit of relief to renters. The national median price of rent for apartments ranging from studios to two-bedroom apartments fell 0.3% year-over-year to in January. That’s down $5 from a year ago

By Laura He, CNN Hong Kong (CNN) — Japan’s stock market has finally set a new record high for the first time since 1989 when an asset-price bubble popped, ushering in decades of economic stagnation. Strong gains in Japanese semiconductor stocks on the back of Nvidia’s blockbuster earnings report late Wednesday helped push the Nikkei

By Ross Levitt, Pete Muntean and Samantha Delouya, CNN (CNN) — United Airlines said it will resume flights from the United States to Israel beginning in March. United is the first major US airline carrier to resume flights to Israel following the October 7 Hamas terror attack and ensuing war in Gaza. United said there

By Ramishah Maruf, CNN New York (CNN) — The National Labor Relations Board on Wednesday ruled that Home Depot violated the law by firing an employee after he refused to remove “BLM” (which stand for “Black Lives Matter”) messaging from his work apron. In late spring and summer of 2020, the United States was engulfed

By Samantha Murphy Kelly, CNN New York, New York (CNN) — Dynabook Americas, the company formerly known as Toshiba, has recalled 15.5 million Toshiba laptop AC adapters over potential burn and fire hazards. The company said it received 679 reports of the recalled AC adapters overheating or catching on fire, melting and burning, including 43

By Peter Valdes-Dapena, CNN (CNN) — Rivian announced Wednesday that it will lay off 10% of its salaried workers beginning Thursday morning, amid a quarterly loss and an increasingly competitive EV market. “Our business is facing a challenging macroeconomic environment — including historically high interest rates and geopolitical uncertainty — and we need to make

By Clare Duffy, CNN New York (CNN) — Last year was a breakout year for artificial intelligence, and no company benefited from the trend quite like chipmaker Nvidia. Earnings released on Wednesday show Nvidia’s profits grew to nearly $12.3 billion in the three months ended January 28 — up from $1.4 billion in the year-ago quarter,

By Oliver Darcy, CNN New York (CNN) — BuzzFeed on Wednesday sold Complex to NTWRK, an e-commerce company specializing in collectible items rooted in street culture, in a deal that further shrinks the struggling Jonah Peretti-led digital media empire that was once synonymous with virality and the social media age. The $108.6 million sale of much of

By Bryan Mena, CNN Washington, DC (CNN) — Federal Reserve officials continued to worry that inflation could stay stubbornly high during their policy meeting last month, minutes released Wednesday showed. That could keep interest rates at 23-year high for longer than previously expected, affecting Americans’ borrowing costs on everything from car loans to mortgages. The

By Chris Isidore and Pete Muntean, CNN New York (CNN) — Boeing removed executive Ed Clark, the head of its 737 Max passenger jet program, after a dramatic – and terrifying – midair blowout in January underscored ongoing problems with the jet. The 737 Max is Boeing’s best selling plane, but has been a source

By Chris Isidore, CNN New York (CNN) — The number of major strikes jumped 43% to 33 in 2023, according to the official Labor Department count released Wednesday, the biggest number of large work stoppages in America in more than 20 years. There were 462,000 workers who were on strike at some point in 2023,

By Nathaniel Meyersohn, CNN New York (CNN) — Major League Baseball players will be wearing new jerseys this season. Some fans and players already hate them. Fans are complaining that the jerseys, which were designed by Nike and manufactured by Fanatics, look cheap. The fabric is flimsy, they say. The MLB logo is lower down

By Oliver Darcy, CNN New York (CNN) — Jimmy Kimmel on Tuesday night responded to a lawsuit filed by former Rep. George Santos, mocking the disgraced politician’s legal action as “preposterous.” “Did anyone else get sued by George Santos this weekend? I am currently embroiled in what may be the most preposterous lawsuit of all

By Jordan Valinsky, CNN New York (CNN) — Caitlin Clark, the University of Iowa athlete who last week became the all-time leading scorer in NCAA women’s basketball, is breaking more records. Clark’s jerseys and shirts bearing her name are flying off the (virtual) shelves at Fanatics, with the guard becoming the online retailer’s top-selling college

By Jordan Valinsky, CNN New York (CNN) — Dunkin’ is adding an energy drink to its menu to capture some of the buzz generated by heavily caffeinated beverages, which are surging in popularity. But the menu addition comes with a risk: Panera Bread is facing multiple lawsuits over its its own energy drink. Beginning Wednesday,

By Chris Isidore, CNN New York (CNN) — Harvard University and its interim president have condemned an image circulated on social media by pro-Palestinian campus groups, prompting the groups to remove and apologize for the posting. The cartoon, shared on Instagram accounts belonging to the Harvard Faculty & Staff for Justice in Palestine group, the

By Oliver Darcy, CNN (CNN) — Apple is taking an even bigger swing at sports. The company on Wednesday launched Apple Sports, a free app for the iPhone that delivers real-time scores, key statistics, and live betting odds. At launch, users will have access to live data from the NBA, NHL, and MLS, among other

By John Towfighi, CNN (CNN) — Red Lobster is in trouble. Its solution: all-you-can-eat lobster, just months after an endless shrimp promotion led to deep losses that the company is still trying to dig out of. In celebration of its annual Lobsterfest, Red Lobster is giving 150 winners an “Endless Lobster Experience,” a two-hour complimentary

By Juliana Liu, CNN Hong Kong (CNN) — HSBC posted a big drop in quarterly profit Wednesday after taking a $3 billion hit on its stake in China’s Bank of Communications (BoCom) and another charge related to exposure to the country’s troubled real estate industry. The Asia-focused lender reported an 80% drop in pretax profit