Money

By Tami Luhby, CNN (CNN) — Eddie Martin can’t build as many homes as he’d like in Texas because his contractors don’t have enough workers, particularly skilled tradespeople such as electricians, carpenters and plumbers. This labor shortage, exacerbated by an aging workforce and growing number of retirements, means it’s more crucial than ever for the

By Laura He and Martha Zhou, CNN Hong Kong/Beijing (CNN) — Tim Cook is making a high-profile visit to China that coincides with Apple opening a huge new store in Shanghai — its second biggest in the world. It’s all part of a push by the company to reverse a decline in iPhone sales in its most important international

CNN By Matt Egan, CNN (CNN) — About 10% of US workers are in jobs that face the greatest risk of disruption from rapidly evolving artificial intelligence, according to a White House analysis shared first with CNN. The report represents the most in-depth analysis to date by the White House on the impact of AI

By Matt Egan, CNN (CNN) — About 10% of US workers are in jobs that face the greatest risk of disruption from rapidly evolving artificial intelligence, according to a White House analysis shared first with CNN. The report represents the most in-depth analysis to date by the White House on the impact of AI on

By Diksha Madhok, CNN New Delhi (CNN) — A popular food delivery app in India has sparked controversy, and an abrupt retreat, after launching an initiative to attract vegetarian customers. Earlier this week, Zomato announced plans to introduce a curation of restaurants that serve only “pure vegetarian food.” This list “will exclude all restaurants which

By Melissa Alonso, CNN (CNN) — The Powerball jackpot soared to an estimated $750 million after no ticket matched all six numbers to nab the grand prize Wednesday, according to the lottery’s website. Wednesday’s winning numbers were 13, 22, 27, 54, 66 and Powerball 9. The now larger jackpot – with an estimated cash value of

By Sarah Dewberry, CNN (CNN) — Angela Chao, the shipping company CEO and sister-in-law of outgoing Senate Minority Leader Mitch McConnell, was intoxicated when she drove her Tesla into a lake at a Texas ranch in a fatal crash last month, according to the Blanco County Sheriff’s Office. A 62-page incident report offers a harrowing

By Brian Fung, CNN (CNN) — The Federal Communications Commission is investigating Amazon and other retailers over the alleged marketing and sale of wireless signal jammers, the agency said Wednesday. Wireless devices that intentionally block or disrupt signals sent by other legitimate electronics, such as cellphones and GPS units, are illegal to both use and

By Clare Duffy, CNN New York (CNN) — Reddit, one of the original social media companies, is finally making its debut on the New York Stock Exchange — more than a decade after many of its peers. It’s a major milestone for the nearly 20-year-old company, something Reddit has been preparing for since at least

By Brian Fung, CNN Washington (CNN) — Apple is flouting a court order intended to reshape the iPhone maker’s app store in the United States, according to a court filing by rival tech giants including Meta, Microsoft, X and the dating-app company Match Group. The filing accuses Apple of willfully circumventing the spirit of the

By Jeanne Sahadi, CNN New York (CNN) — The Federal Reserve’s benchmark interest rate remains at a 23-year high. That’s thanks to the central bank’s decision Wednesday to once again hold it steady, as it has done at the policy-making committee’s past five meetings. That decision may be disappointing to some investors, homebuyers and those

By Nathaniel Meyersohn, CNN New York (CNN) — Move over CrossFit, yoga and Peloton. Stretching sessions are the hot revival fitness fad. Studios like StretchLab, Stretch Zone, Lymbr and Stretch’d are popping up in strip malls and street corners, offering tight and achy people one-on-one stretching sessions with “flexologists” and “stretch therapists” for $100 or

By John Towfighi, CNN (CNN) — A classic American cookie is reimagining its ingredients. Chips Ahoy! is debuting a new recipe for its original cookie as the brand revamps its taste with improved chocolate chips, the company said. The original Chips Ahoy! cookie, known for its bright blue packaging, will look and feel the same, but with

By Scott McLean, Ipek Yezdani and Anna Cooban, CNN Istanbul/London (CNN) — Down a dimly lit alleyway tucked just inside Istanbul’s Grand Bazaar, a few dozen men are packed together, shouting, waving, and frantically speaking on their phones, others nervously pacing. This “standing market” — a low-rent version of a chaotic stock exchange floor —

CNN By Scott McLean, Ipek Yezdani and Anna Cooban, CNN Istanbul/London (CNN) — Down a dimly lit alleyway tucked just inside Istanbul’s Grand Bazaar, a few dozen men are packed together, shouting, waving, and frantically speaking on their phones, others nervously pacing. This “standing market” — a low-rent version of a chaotic stock exchange floor

By Chris Isidore, CNN New York (CNN) — Boeing will report a massive loss in the first quarter stemming from the Alaska Airlines door plug blowout on January 5, Chief Financial Officer Brian West said at an investor conference Wednesday. The beleaguered company said its commercial airplane unit’s operating profit margin would plunge to around

By Hanna Ziady, CNN London (CNN) — Luxury stocks tumbled in Europe Wednesday after a profit warning from the owner of Gucci laid bare a sharp slowdown in demand for high-end goods, especially in China. Shares of Kering plunged as much as 15% in Paris, while LVMH, Europe’s second-most valuable company and owner of brands

By Bryan Mena, CNN Washington, DC (CNN) — The Federal Reserve held its key interest rate steady Wednesday for the fifth consecutive meeting, as the central bank awaits more data to determine when to cut rates. The Fed has raised rates aggressively over the past two years in a bid to fight the highest inflation in decades. But while Americans continue to deal with

By Elisabeth Buchwald, CNN New York (CNN) — The US economy defied forecast after forecast predicting an imminent recession over the past two years. Instead, it grew beyond belief. A boom in immigration was part of the recipe, Federal Reserve Chair Jerome Powell said in a “60 Minutes” interview on CBS last month. But stricter