Money

By Jeanne Sahadi, CNN New York (CNN) — Layoffs are never welcome news to employees. But they bring an extra bite when they are carried out during the holiday season. Even if they are just signaled as coming in the next few months, the mere concern that you could be let go puts a real

By Ramishah Maruf, CNN New York (CNN) — Columbia University senior Yusuf Hafez was in class in late October when his friend alerted him that his photograph was being shown around the university on a truck under a banner that proclaimed he was among “Columbia’s Leading Antisemites,” according to a recent lawsuit. The conservative nonprofit, Accuracy

By Laura He, CNN Hong Kong (CNN) — The world’s second largest economy is undergoing a major transformation and is looking for new drivers of growth, according to China’s central bank governor. “China is experiencing a transition in its economic model,” Pan Gongsheng, the governor of the People’s Bank of China, told a group of

By Michelle Toh, CNN Hong Kong (CNN) — ByteDance, the Chinese tech giant behind TikTok, is pulling back from video gaming in a shift that will result in hundreds of job cuts. The Beijing-based company will wind down Nuverse, the unit that houses its video game studios, next month in an attempt to focus on

By Oliver Darcy, CNN (CNN) — The exodus from X is bleeding beyond just major advertisers. In recent days, a number of prominent media brands have not only paused their paid marketing campaigns on the embattled Elon Musk-owned social platform, but have ceased posting on it altogether, going silent on the once essential site that sought to be

By Liam Reilly, CNN (CNN) — Sports Illustrated on Monday said it had deleted several articles from its website after a report found the once-celebrated legacy magazine had published the pieces under fake author names and profile images generated by artificial intelligence. The report, which was published by Futurism, found that the magazine had repeatedly published articles whose authors could not be found online outside the Sports Illustrated website. The articles were all

By Matt Egan, CNN New York (CNN) — Enticed by deep discounts, Americans are expected to celebrate Cyber Monday by spending a record-setting $12 billion online shopping. Black Friday sales were strong –- especially online –- providing the latest evidence of resilient consumer spending in the face of a host of challenges. Despite elevated borrowing

By Jennifer Korn, CNN (CNN) — That Google account you haven’t checked in years might be getting wiped this week. Beginning Friday, Google is moving ahead with its plan to delete accounts that have been inactive for at least two years. The company announced the new policy back in May, saying it’s intended to prevent

Reuters Berlin — Volkswagen’s original brand is “no longer competitive,” the company’s brand chief warned Monday, owing to high costs and low productivity. “With many of our pre-existing structures, processes and high costs, we are no longer competitive as the Volkswagen brand,” Thomas Schaefer told staff during a meeting at the German carmaker’s headquarters in

By Michelle Toh and Eric Cheung, CNN Hong Kong/Taipei (CNN) — Alibaba founder Jack Ma has a new title: owner of “Ma’s Kitchen.” China’s most famous tech billionaire has thrown his weight behind a newly formed startup, whose name in English translates to “Hangzhou Ma’s Kitchen Food.” According to Chinese public records, the company was

By Michelle Toh, Lauren Izso and Alex Stambaugh, CNN Hong Kong/Jerusalem (CNN) — Elon Musk visited Israel Monday, meeting the country’s leaders and walking through a kibbutz destroyed by Hamas last month as he tried to calm outrage caused by his endorsement of an antisemitic post on his social media platform, X. Musk was taken

By Laura He, CNN Hong Kong (CNN) — The troubles besetting one of China’s biggest privately-owned financial conglomerates have deepened with Zhongzhi now at the centre of a criminal investigation. Beijing police have begun a probe into the wealth management unit of Zhongzhi Enterprise Group, the authorities said over the weekend. The announcement comes just

By Eva Rothenberg, CNN (CNN) — Since at least 2019, Meta has knowingly refused to shut down the majority of accounts belonging to children under the age of 13 while collecting their personal information without their parents’ consent, a newly unsealed court document from an ongoing federal lawsuit against the social media giant alleges. Attorneys

By Christopher Hickey, CNN Not even two years of soaring prices and mounting interest rates have stopped Americans from opening their wallets and tapping their credit cards. The consumer’s willingness to keep paying high prices has kept the US economy relatively strong, but that attitude could soon be shifting. Some experts think the combination of

By Clare Duffy and Rachel Ramirez, CNN New York (CNN) — Tomato growers in central India have been increasingly worried about the volatility that extreme weather events have brought to the region. For much of the area, the last decade has been punctuated by severe droughts that led to significant crop loss, impacting the livelihoods

By Eva Rothenberg, CNN (CNN) — Honda is recalling more than 300,000 vehicles over faulty seat belts. In a notice filed with the National Highway Traffic Safety Administration (NHTSA) on Tuesday, the automaker said some front seat belts in 2023-2024 Accords and HR-Vs have missing pretensioner rivets. A pretensioner is the seat belt component that

By Eva Rothenberg, CNN (CNN) — Whether they jostled through brick-and-mortar stores or toggled between tabs and virtual carts, holiday shoppers were eager to participate in Black Friday this year. Both in-store and online retail sales increased year-over-year unadjusted for inflation, according to Mastercard’s SpendingPulse insights, which noted that apparel, jewelry and restaurant categories saw considerable

By Samantha Delouya, CNN Los Angeles (CNN) — If your idea of train travel – fast, easy, ubiquitous, even glamorous – is from movies like “Before Sunrise” or “Bullet Train” set in Europe or Asia, you’ll be surprised to learn that the US was once the world’s superpower in passenger trains. With a busy transcontinental

By Nathaniel Meyersohn, CNN New York (CNN) — When Sears, Toys “R” Us and Circuit City filed for bankruptcy in recent years, it was an opportunity for other retailers to move into their old storefronts. Now, retailers are pouncing on empty Bed Bath & Beyond stores. “Some of our best stores were created from carved-up