Money

By Jordan Valinsky and Ramishah Maruf, CNN New York (CNN) — State Farm is seeking increases of as much as 52% for some of its residential insurance rates in California, which could ramp up the financial burden for many homeowners and renters in the state’s troubled insurance market. It’s the third major change for State

By Ramishah Maruf, CNN New York (CNN) — The Federal Trade Commission unanimously voted to block mattress maker Tempur Sealy’s purchase of Mattress Firm on Tuesday. In May 2023, Tempur Sealy – the world’s largest mattress supplier and manufacturer – agreed to buy the United States’ largest bedding retailer in a roughly $4 billion deal.

By Alicia Wallace, CNN (CNN) — The number of available jobs in the US unexpectedly grew in May, signaling continued resilience in the nation’s labor market. Job openings jumped higher to 8.14 million in May, from a downwardly revised 7.91 million in April, according to the Bureau of Labor Statistics’ latest Job Openings and Labor

By Chris Isidore, CNN New York (CNN) — Tesla sales fell for the second straight quarter. It marks the the first time in the company’s history that sales declined from the previous year for two quarters in a row. Tesla’s sales for the quarter came in at nearly 444,000 cars, down about 5% from a

By Diksha Madhok, CNN New Delhi (CNN) — When Hindenburg Research published a report into Gautam Adani’s sprawling business empire in January 2023, accusing Asia’s then richest man of fraud going back decades, the impact was immediate and explosive: over $100 billion was wiped off the value of his companies. Eighteen months on, Adani —

By Amanda Hobor, CNN (CNN) — I went to ice cream college. Yep, it’s a thing. This past January, I spent one week at Penn State University waking up with the cows (literally), learning about emulsifiers and freezing techniques, and experimenting in a lab to see milk, cream and sugar come together to form the

CNN By Alexandra Banner, CNN (CNN) — China now has the first samples ever collected from the far side of the moon and says it will share them with scientists around the world. But US access could be hampered by a 2011 law that prohibits space coordination between NASA and China without special authorization. Here’s

By Matt Egan, CNN New York (CNN) — The Trump Organization revealed plans Monday to develop a luxury Trump Tower in Saudi Arabia. The new tower will be built in Jeddah and developed in tandem with Dar Global, the international arm of Saudi mega-developer Dar Al Arkan. If completed, it appears the Jeddah tower would

By Marshall Cohen, CNN (CNN) — Hunter Biden has sued Fox News and its parent corporation, accusing the right-wing network of smearing him and unlawfully publishing his explicit images without his consent in a 2022 miniseries about his legal troubles. In the lawsuit, filed Sunday in New York state court, the president’s sonaccuses Fox News

By Krystal Hur, CNN New York (CNN) — Shares of online pet products retailer Chewy went on a wild ride Monday after Keith Gill, the influential meme stock trader also known as ”Roaring Kitty,” revealed a large stake in the company. On Monday, Gill said in a Securities and Exchange filing that he purchased about

By Olesya Dmitracova, CNN London (CNN) — A British startup may have found the answer to one of the frustrations of driving an electric car — waiting around for the battery to charge. Nybolt, based in Cambridge, has developed a new 35kWh lithium-ion battery that was charged from 10% to 80% in just over four

By Erika Tulfo, CNN (CNN) — Ramen isn’t the first food to come to mind when you think of sweet treats. Cup Noodles is trying to change that — with a new s’mores-flavored instant ramen. The limited-edition offering combines microwavable noodles with a sauce-based flavor blend of chocolate, marshmallow and graham crackers, plus additional mini

By Jordan Valinsky, CNN New York (CNN) — The parent company of Redbox, those distinctive, red-colored kiosks at grocery stores that sell or rent DVDs, has filed for bankruptcy after enduring months of financial struggle. Chicken Soup for the Soul Entertainment (CSSE) revealed in a filing that it has nearly $1 billion in debt and

By Nathaniel Meyersohn, CNN New York (CNN) — Trying to get a table at a buzzy new restaurant in New York or Los Angeles? You’ll have better luck if you’re an American Express cardholder and pay the requisite hundreds of dollars in fees. American Express announced last week that it’s buying Tock, a booking app

By Olesya Dmitracova, CNN London (CNN) — Facebook parent Meta has been accused of breaking Europe’s new digital competition rules over its “pay or consent” advertising model. Late last year, Meta (META) launched a service called “Subscription for no ads,” allowing European users of Facebook and Instagram to pay up to €12.99 ($14) a month for ad-free

By Hanna Ziady, CNN London (CNN) — French stocks and the euro rallied Monday after results from the first round of elections suggested the far right will inflict a heavy defeat on President Emmanuel Macron but fall short of winning an outright majority in parliament. France’s CAC 40 index, which represents 40 of the biggest

By Laura He, CNN Hong Kong (CNN) — Factory activity among China’s private firms expanded at the fastest pace in three years, a private gauge showed Monday, suggesting healthier domestic and international demand for Chinese goods. This contrasts with the results of an official government survey Sunday that showed a contraction among larger, state-owned manufacturers,

By Samantha Delouya, CNN (CNN) — Last year, when Jennifer Hernandez received notice that the mortgage payments on her Houston home would jump about $2,000 per month, she was stunned. Hernandez refinanced her home loan in 2016 using an adjustable-rate mortgage loan, which has a low introductory rate for a fixed initial period. Unlike the

By David Goldman and Chris Isidore, CNN New York (CNN) — Boeing has agreed to buy Spirit Aerosystems, one of its major suppliers and manufacturing partners, as part of its plan to overhaul the aircraft maker’s badly damaged safety reputation. The all-stock deal, that values the supplier at $4.7 billion, or $37.25 per share, was