Money

By Peter Valdes-Dapena, CNN Ford recently stopped production on the electric F-150 Lightning pickup because of a possible battery problem. A Ford spokesperson now says a return to production “could take a few weeks.” The potential issue was discovered during the automaker’s pre-delivery vehicle inspections, Ford spokesperson Emma Berg said in an emailed statement. “We

By Kate Trafecante, CNN World Bank President David Malpass plans to step down a year before his term is set to end, the organization announced Wednesday. Malpass will leave his position on June 30, the end of the World Bank’s fiscal year, after serving more than four years in the role. “It has been an

By Dayun Park Howard Schultz has declined Bernie Sanders’ request to testify before Congress. In a refusal relatively rare on Capitol Hill, Starbucks Chief Executive Schultz turned the Vermont senior senator down Tuesday when asked to appear and testify about the coffee giant’s compliance with federal labor laws. Sanders, who chairs the Senate Health, Education,

By Danielle Wiener-Bronner, CNN Covid spurred more people to order food out, making delivery workers busier than ever. So Chick-fil-A has built a break room for those in New York City that will be open for a few months, offering refreshments and restrooms in between deliveries. From February 16 through April 13, Chick-fil-A is operating

By Kara Scannell and Allison Morrow, CNN A federal judge released the names of two people who co-signed Sam Bankman-Fried’s $250 million bail deal, which allowed him to be released on house arrest while he awaits trial on federal fraud and conspiracy charges. In documents made public Wednesday afternoon, the court revealed that Larry Kramer,

By Jeanne Sahadi, CNN If ever you’ve been swept up in a mass layoff, among the many unwelcome tasks on your new to-do list is how and when to tell people you lost your job. Often, the go-to place to alert your professional network has been social media like LinkedIn, Twitter, Instagram, Facebook and others.

By Peter Valdes-Dapena, CNN Nissan is recalling more than 400,000 older SUV, van and pickup models in the United States because the Nissan badge on the steering wheel can break apart or detach when the airbag inflates. Vehicle airbags inflate with explosive force in a crash, and, in some of these vehicles, the round Nissan

By Chris Isidore, CNN Airbnb shares posted their biggest one-day gain in trading Wednesday after the home rental service posted its first annual profit and forecast a sunny travel outlook in 2023 and an uptick in listings. The company reported it earned $1.9 billion in 2022, compared to a $352 million loss a year earlier.

By Anna Bahney, CNN Home builder confidence jumped this month by the largest amount in almost 10 years, as falling mortgage rates pulled in more buyers. That’s according to a February report from the National Association of Home Builders that looks at current sales, buyer traffic and the outlook for sales of new construction homes

By Gregory Wallace, CNN The nation’s top aviation official talked about the safety risks of “complacency” in a Senate hearing Wednesday, and said the Federal Aviation Administration is juggling three competing systems of controlling US airspace. Billy Nolen, the acting FAA administrator, appeared before the Senate Commerce Committee to address the software outage that halted

By Chris Isidore, CNN Tesla CEO Elon Musk gave 11.5 million shares of his stake in the electric automaker to an undisclosed charity last year, shares worth about $1.9 billion at the time they were donated. The donation would make him the second largest charitable donor in 2022, according to a ranking of the Chronicle

By Hanna Ziady, CNN Shares of Barclays tumbled nearly 10% Wednesday after the British bank reported a sharp drop in profit, driven by increased provisions for bad debts and huge fines for wrongly sold securities in the United States. Barclays reported a net profit of £5.97 billion ($7.2 billion) for 2022, a 15% decline on

By Hanna Ziady, CNN US group Cleveland Clinic will open its third London facility this autumn as demand for private health care booms in the United Kingdom — sparked in large part by long wait times to access treatment on the National Health Service (NHS). The new 13,000-square foot facility will provide patients appointments with

By Alicia Wallace, CNN Last year Americans knocked out their holiday shopping early, leading to frigid sales during the typically bountiful November and December months — and triggering speculation that the US consumer was tapped out. That wasn’t the case. Last month, spending rebounded in a big way. US retail sales surged in January by

By Chris Liakos, Livvy Doherty and Anna Cooban, CNN German airline Lufthansa is ‘stabilizing’ its flight operations at Frankfurt airport after a company-wide IT outage led to a raft of flight cancellations and delays that stranded thousands of passengers in airports on Wednesday. “Lufthansa’s flight operations are currently stabilizing. Departures are also possible again in