Money

By Elisabeth Buchwald, CNN New York (CNN) — Almost any economist will tell you they don’t have a crystal ball. But using all kinds of fancy (and sometimes not so fancy) models, they make predictions about forthcoming economic data. And oftentimes, economists’ consensus forecasts are spot on. That wasn’t the case with today’s ADP private

By Oliver Darcy, CNN (CNN) — Marty Baron, the renowned executive editor of The Washington Post who led the newspaper during eight tumultuous years in American politics and media, published his anticipated memoir this week, offering readers “an urgent exploration of the nature of power in the 21st century.” In the book, titled “Collision of

By Clare Duffy, CNN New York (CNN) — The Anti-Defamation League on Wednesday said it plans to resume advertising on X, the platform formerly known as Twitter, following a spat with owner Elon Musk. Musk last month threatened to sue the ADL for defamation, claiming that the nonprofit organization’s statements about rising hate speech on

By Samantha Murphy Kelly, CNN (CNN) — There’s nothing particularly new about Google’s latest-generation Pixel 8 smartphone hardware. That’s why the company is pushing hard to tout its AI-powered new software, which Google says was built specifically for the “first phone of the generative AI era.” At a press event in New York City, Google

By Chris Isidore, CNN New York (CNN) — The United Auto Workers union strike has cost General Motors $200 million since the work stoppage began two weeks ago, the company said Wednesday. The loss runs through the end of the third quarter, which closed on September 30. GM was relatively flush with cash heading into

CNN, WUSA By Tami Luhby, CNN (CNN) — At a time when registered nurses are going on strike to protest staffing shortages, thousands of applicants who want to enter or advance in the profession are being turned away from nursing schools. Nearly 78,200 qualified applications were not offered spots at nursing schools last year, according

By Samantha Delouya, CNN Los Angeles (CNN) — On Wednesday, thousands of unionized health care employees walked off the job after failed contract negotiations with their employer, Kaiser Permanente, a company whose business model is distinctive, compared to most health care providers in the United States. Here’s what you should know about the medical system.

By Parija Kavilanz, CNN New York (CNN) — Abercrombie & Fitch says it has launched its own investigation into allegations originally published by the BBC that the company’s former CEO, Mike Jeffries, exploited men for sex. “We are appalled and disgusted by the behavior described in the allegations against Mr. Jeffries, whose employment with Abercrombie

By Anna Cooban, CNN London (CNN) — A slump in government bonds around the world has pushed up the cost of some nations’ debt to levels not seen in more than a decade. That’s bad news for governments in the red but also for the wallets of millions of mortgage borrowers, stock investors and businesses.

By Matt Egan New York (CNN Business) — As Donald Trump scrambles to defend his business empire in court, the former president has suffered another blow: dropping off The Forbes 400 list of the richest Americans. Trump’s net worth tumbled by 19%, or $600 million, to an estimated $2.6 billion total. That left him $300

By Allison Morrow, CNN New York (CNN) — In their opening statements to a newly sworn-in jury in Manhattan federal court on Wednesday, lawyers laid out previews of their cases, offering two divergent narratives for the collapse of Sam Bankman-Fried’s crypto empire. Assistant US Attorney Thane Rehn painted a picture of a villainous, greedy businessman

By Jordan Valinsky, CNN New York (CNN) — Wendy’s and McDonald’s have emerged victorious from a lawsuit that accused the fast food chains of false advertising. A federal judge dismissed a lawsuit brought against the two companies accusing them of selling smaller hamburgers than advertised and alleging the food didn’t look as appetizing in person

By Alicia Wallace, CNN Minneapolis (CNN) — US employers in the private sector added an estimated 89,000 jobs in September, a much lower total than expected and a potential indication of a sharp pullback in the labor market, payroll processor ADP reported Wednesday. The September tally landed well below economists’ estimates for 153,000 jobs added,

By Hanna Ziady, CNN London (CNN) — UK Prime Minister Rishi Sunak has taken the axe to Britain’s biggest current infrastructure project, ignoring warnings from business leaders that a U-turn would damage investor confidence in the country. Sunak announced plans Wednesday to curtail High Speed Rail 2, known as HS2, the government’s flagship transport project

By Holly Yan, CNN (CNN) — Your dream of buying 400 private jets or some Lamborghini Veneno Roadsters for you and 143 of your closest friends could become reality after Wednesday night’s Powerball drawing. The winning numbers are 9, 35, 54, 63, 64 and Powerball 1. The grand prize is worth an estimated $1.2 billion

By Jennifer Korn, CNN New York (CNN) — Uber is looking to help with a much-dreaded chore: returning packages. The rideshare giant unveiled a new product update Wednesday that takes some of the pain points out of the return process, allowing users to request an Uber to specifically drop off their e-commerce packages at a

By Catherine Thorbecke, CNN New York (CNN) — Today was the day for the US government’s big emergency alert drill, which sent a test message to every TV, radio and cell phone in the nation. Starting at approximately 2:20 pm ET on Wednesday, the federal government began conducting a nationwide test of its Emergency Alert

By Samantha Delouya, CNN (CNN) — On Wednesday, more than 75,000 unionized employees of Kaiser Permanente, one of the nation’s largest not-for-profit health providers, walked off the job, marking the largest health care worker strike in US history. The striking employees, who work across California, Colorado, Washington, Virginia, Oregon and Washington, DC, are represented by

By Juliana Liu and Wayne Chang, CNN Hong Kong (CNN) — Capvision, an international advisory firm whose offices in China were raided by officials, says it has successfully completed a national security inspection overseen by the Chinese government. Chinese media reported in May that state security authorities had raided multiple offices of the company, a

By Rhea Mogul, CNN (CNN) — Police in New Delhi have raided the homes of prominent journalists linked to a left-leaning news organization known for its scrutiny of the Indian government, in a move media groups called an attack on press freedoms. Forty-six people were questioned, and digital devices and documents had been seized for