Money

By Michelle Toh, CNN Carmakers Renault and Nissan have agreed to restructure their longstanding partnership, with the French company whittling down its stake in the Japanese firm to 15%. Under the agreement, Renault will transfer 28.4% of its shares in the Yokohama-based company into a French trust. Voting rights for that stake will be “neutralized”

By Diksha Madhok, CNN The Adani Group has accused a US investment firm of launching “a calculated attack” on India by publishing a report alleging widespread fraud at the ports-to-power conglomerate. Hindenburg Research released its report on billionaire Gautam Adani’s business last week, accusing the group of “brazen stock manipulation and accounting fraud scheme over

By Ramishah Maruf, CNN Trader Joe’s asked its customers a simple question: If you were to spend the rest of your life on a deserted island, which nine Trader Joe’s products would you take with you? More than 18,000 customers responded to its 14th annual survey ranking the grocery store’s most popular items in nine

By Chris Isidore and Vanessa Yurkevich, CNN Jonathan Pulliam has been working at Disney World since 2018, dressing up as everything from beloved Disney cartoon characters to Star Wars villains. And while he loves his job, he says he can’t afford it any longer. “Me loving it, that’s not enough to pay the bills,” he

By Paul R. La Monica, CNN The Federal Reserve is going to raise interest rates again on Wednesday. But will it be another half-point hike or just a quarter-point increase? And what about the rest of the year? The Fed’s actions beyond this week’s meeting will depend primarily on whether inflation is truly slowing. Investors

By Nathaniel Meyersohn, CNN If you drive down a busy suburban strip mall or walk down a street in a major city, chances are you won’t go long without spotting a Concentra, MedExpress, CityMD or another urgent care center. Demand at urgent care sites surged during the Covid-19 pandemic as people searched for tests and

By Jeanne Sahadi, CNN Now that more and more states are requiring companies to advertise salary ranges for open roles, you may assume the range is the range and you can’t negotiate for more. Not true. While the new pay transparency laws mean you’ll have more information about what an employer is willing to pay,

By Kara Scannell, CNN Federal prosecutors said FTX founder Sam Bankman-Fried contacted the former general counsel of the crypto trading platform earlier this month in a move they say may constitute witness tampering. A spokesperson for Bankman-Fried declined to comment. Prosecutors with the US attorney’s office for the Southern District of New York asked the

By Allison Morrow and Vanessa Yurkevich, CNN Before its collapse at the end of 2022, FTX was one of the biggest names in crypto. It boasted endorsements from celebrities like Tom Brady and Gisele Bundchen and its name was emblazoned on the Miami Heat’s home arena. Sam Bankman-Fried, its eccentric founder, graced the cover of

By Matt Egan, CNN A coalition of Republican-led states is suing the US Labor Department to block an imminent rule change that will allow 401(k) managers to consider climate change and other environmental, social and governance (ESG) factors when selecting investments. The coalition, led by Utah Attorney General Sean Reyes, argues the Labor Department rule

By Paul R. La Monica, CNN Goldman Sachs had a rough year in 2022. And CEO David Solomon was punished for that. Sort of. The investment banking giant said in a Securities and Exchange Commission filing Friday that Solomon received $25 million in annual compensation last year. While that is still a very large amount