Money

By Anna Bahney, CNN Washington, DC (CNN) — US home building sank in August, dropping 11.3% from July levels, as mortgage rates stayed elevated amid lingering inflation. Housing starts, a measure of new-home construction, dropped to a seasonally adjusted annual rate of 1.283 million last month, well below expectations of 1.44 million, according to data

By Jordan Valinsky, CNN New York (CNN) — Instacart started trading Tuesday, opening at $42 per share and propelling the grocery-delivery company to a market valuation of just over $11 billion. Trading under the ticker CART, Instacart had set a price of $30 per share for its initial public offering. Instacart’s current valuation is a

By Michelle Toh, CNN Hong Kong (CNN) — One of China’s leading property developers, Sunac, has filed for bankruptcy protection in the United States, shortly after winning approval from its creditors to restructure nearly $10 billion worth of debt. The company filed a petition for Chapter 15 protection with the US Bankruptcy Court for the

By Parija Kavilanz, CNN New York (CNN) — Crayola, a name synonymous with vibrantly colored crayons for more than a century, is going into the flower business. The crayon maker, a subsidiary of Hallmark Cards, on Tuesday announced the launch of Crayola Flowers, an online flower shop selling bright bouquets and boxed flowers. But there’s

By Clare Sebastian and Niamh Kennedy, CNN London (CNN) — YouTube has decided to temporarily prevent comedian Russell Brand from making money from his videos following multiple allegations of rape and sexual assault against him. In a statement to CNN Tuesday, YouTube said it had “suspended monetization on Russell Brand’s channel” for violating its Creator

CNN By Clare Sebastian and Niamh Kennedy, CNN London (CNN) — YouTube is temporarily preventing comedian Russell Brand from making money from his videos following multiple allegations of rape and sexual assault against him. In a statement to CNN Tuesday, YouTube said it had “suspended monetization on Russell Brand’s channel” for violating its Creator Responsibility

By Clare Duffy, CNN New York (CNN) — Google’s Bard artificial intelligence chatbot is evolving. The company on Tuesday announced a series of updates to Bard that will give the chatbot access to Google’s full suite of tools — including YouTube, Google Drive, Google Flights and others — to assist users in a wider variety

By Michelle Toh, CNN Hong Kong (CNN) — Starbucks says it has poured more than $200 million into a new campus in China, in a sign of how the Chinese consumer remains crucial to the global coffee chain despite a major economic slowdown. The beverage giant opened the massive facility in eastern China on Tuesday

By Laura He, CNN Hong Kong (CNN) — China wooed a number of top Western companies on Monday with renewed promises to open up its financial industry and create a more welcoming environment as Beijing tries to reverse a record low in foreign investment in the face of mounting economic challenges. Pan Gongsheng, governor of

By Chris Isidore, CNN (CNN) — The union representing Canadian autoworkers at Ford has put its strike plans there on hold, keeping its more than 5,000 members on the job at three plants there for at least another day, and providing some good news for an industry dealing with unprecedented labor disruptions. Lana Payne, president

By Marshall Cohen, CNN (CNN) — Dominion Voting Systems’ $1.6 billion defamation lawsuit against Newsmax over the right-wing network’s airing of 2020 election lies is scheduled to go to trial in late September 2024, a Delaware judge decided. Dominion sued Newsmax in the wake of the 2020 election over the network’s on-air promotion of the

By Catherine Thorbecke, CNN (CNN) — Alyssa Henry, the CEO of Square – a unit of Jack Dorsey’s fintech company, Block – will leave her post at the company next month. Henry, who has worked at Block for over nine years, will step down as chief executive of Square on October 2, according to a

By Bryan Mena, CNN Washington, DC (CNN) — In the event of a US government shutdown, the Bureau of Labor Statistics says it will stop releasing data, including key figures on inflation and unemployment. A lack of crucial government data would make it difficult for investors and the Federal Reserve to interpret the US economy.

By Catherine Thorbecke, CNN (CNN) — iPhone users: Today’s the day to update to Apple’s latest operating system, iOS17, and unlock a slew of new features that promise to make the iPhone experience more personal and intuitive. Apple first teased iOS17 at its annual Worldwide Developer Conference in early June, but you may have missed

By Jordan Valinsky, CNN Business New York (CNN) — “Monday Night Football” is back on ABC because of the ongoing strikes disrupting Hollywood. The Disney-owned network announced Monday that it’s adding ten more NFL games to its schedule and broadcasting the entire fall season of “Monday Night Football.” The change helps plug a hole in

By Matt Egan, CNN New York (CNN) — Prices at the pump climbed to their highest level of the year on Monday as oil prices push past $92 a barrel. Normally, gas prices cool off after the summer driving season ends on Labor Day. But the opposite has happened this year as Saudi Arabia’s and

By Jordan Valinsky, CNN Business New York (CNN) — Bill Maher has changed his mind and isn’t bringing back his HBO talk show amid the ongoing writer’s strike. “My decision to return to work was made when it seemed nothing was happening and there was no end in sight to this strike,” Maher wrote on

By Anna Bahney, CNN Washington, DC (CNN) — Home builder confidence took a hit in September as average mortgage rates for a 30-year fixed-rate loan stayed above 7%. Builder confidence in the market for newly built single-family homes in September fell five points to 45, according to the National Association of Home Builders / Wells

By Allison Morrow, CNN New York (CNN) — There’s a common thread linking the two biggest labor protests in America right now: Workers want a living wage after years of stagnant or falling pay, while across the bargaining table sit executives whose compensation has been growing wildly year after year. Exorbitant CEO pay is a

By Brian Fung and Hadas Gold, CNN (CNN) — Israeli Prime Minister Benjamin Netanyahu called on Elon Musk to ‘roll back’ antisemitism on X, the platform formerly known as Twitter, during an in-person conversation broadcast live on Monday afternoon. After an exchange about the regulation of artificial intelligence, Netanyahu praised Musk for his commitment to