Money

By Anna Bahney, CNN Washington, DC (CNN) — There’s a dream solution to America’s housing crisis and to its increasingly deserted downtowns: Convert the empty offices into homes. Across the country, cities like New York, Boston and Cleveland are embracing the idea of residential retrofitting and providing incentives to do so. The Biden administration is

By Samantha Murphy Kelly, CNN (CNN) — Companies big and small showed off new AI-powered products and their AI-inspired visions for the future at the world’s biggest tech convention this week in Las Vegas. There were pillows that can reduce snoring, mirrors that can detect your mood and innovations from pet-like companions to cars that

By Ramishah Maruf, CNN New York (CNN) — Boeing and US air travel are still facing the fallout a week after the dramatic in-flight door plug blowout on an Alaska Airlines Boeing 737 Max 9 last Friday. The door plug — a portion of the plane’s fuselage the manufacturer can put in place instead of an

By Catherine Thorbecke, CNN (CNN) — The tech sector has kicked off the new year with a spate of fresh job cuts that are coming at the same time as the industry is doubling down on investments into artificial intelligence. While AI tools putting workers out of jobs has been a major point of anxiety in Silicon Valley

By Anna Cooban, CNN London (CNN) — After a piece of software incorrectly showed that money had gone missing, a trusted, centuries-old British government corporation used its financial and legal might to convict and bankrupt hundreds of people who ran its branches. Some family members say their loved-ones were left so distressed they took their

Analysis by Laura He, CNN Hong Kong (CNN) — When Taiwan heads to the polls on Saturday to elect a new president and legislature, their votes will be keenly watched at home and abroad. That’s because the self-ruled island of 23 million people has an outsized impact on the global business and trade, mainly because

By Maria Sole Campinoti and Rob Frehse, CNN (CNN) — A New York judge ordered Donald Trump to pay $392,638 in legal fees to The New York Times after his failed lawsuit against the news outlet and its journalists over the disclosure of his tax information in a 2018 Times article, according to court documents.

By Elisabeth Buchwald, CNN New York (CNN) — Microsoft is back on top. After trailing behind Apple for the majority of the past decade, Microsoft is the world’s most valuable publicly traded company as of market close on Friday. The tech giant’s stock (MSFT) closed at $388.47 a share on Friday, giving it a market

By Luciana Lopez and Allison Morrow, CNN New York (CNN) — The US Supreme Court on Friday agreed to hear a case in which Starbucks was ordered to re-hire pro-union workers that the coffee company had previously fired. Starbucks in February 2022 let go of seven workers who were involved in forming a union in

By Parija Bhatnagar, CNN New York (CNN) — Quaker Oats broadened its recall from last month to its granola bars, snacks and some varieties of its popular Cap’n Crunch cereal products sold nationwide due to possible Salmonella contamination. The packaged foods maker said Thursday it is recalling additional products that include more cereals bars and

By Nicole Goodkind, CNN New York (CNN) — Citigroup will lay off 20,000 employees over the next two years, CFO Mark Mason said Friday. The reduction comes after the company reported a $1.8 billion net loss for the fourth quarter of 2023, its worst quarter in 15 years. The bank expects the reduction in headcount

By Jordan Valinsky, CNN New York (CNN) — Bud Light brewer Anheuser-Busch InBev is becoming the first-ever beer sponsor for the next three Olympics and Paralympic Games — with a non-alcoholic brand taking the torch. Rather than using the sponsorship to advertise an established beer, AB InBev announced Friday that non-alcoholic Corona Cero beer will

By Krystal Hur, CNN New York (CNN) — Markets were anything but predictable last year. Investors aren’t looking to get caught flat-footed again. Stocks ended on a high note last year, but were tested by the Federal Reserve’s interest rate hikes, banking turmoil, debt ceiling worries and war in the Middle East. Many early-year consensus

By Alicia Wallace, CNN New York (CNN) — US producer prices fell in December for the third consecutive month, bringing a closely watched gauge of inflation to a rate more in line with pre-pandemic times. Wholesale inflation as measured by the Producer Price Index rose 1% annually in December, up slightly from November’s revised 0.8%

By Pete Muntean, CNN (CNN) — The Federal Aviation Administration said on Friday that after reviewing Boeing’s instructions for inspecting grounded 737 Max 9 planes, it has decided to seek more information before allowing the plan to proceed. In a statement, FAA also said it would keep the Boeing 737 Max 9 “grounded until extensive

By Oliver Darcy, CNN New York (CNN) — Not too long ago, on the 25th and 26th floors of the One State Street tower in lower Manhattan, a vibrant newsroom existed. Each morning, hundreds of employees strolled into the offices of Cheddar News, breathing life into the prime real estate that housed studios and the

By Elisabeth Buchwald, CNN New York (CNN) — Throughout much of last year, the question of whether interest rates were high enough to rein in inflation dominated Federal Reserve officials’ policy meetings. Continuing to raise rates would help bring inflation closer to the Fed’s 2% target — but could cost people their jobs. On the

By Nicole Goodkind and Krystal Hur, CNN New York (CNN) — JPMorgan Chase kicked off earnings season Friday with a big miss. But that’s because of some strange accounting. The bank’s fourth-quarter profit fell by 15% from the year before, to $9.3 billion, way less than analysts surveyed by FactSet had expected. Earnings per share

By Matt Egan, CNN New York (CNN) — US-led airstrikes on Houthi targets in Yemen rattled energy markets on Friday, sending oil prices sharply higher. US crude climbed as much as 4.5% to $75.25 a barrel Friday morning. Brent crude, the world benchmark, jumped 4% and briefly crossed over the $80-a-barrel level. However, both oil

By Ramishah Maruf, Ross Levitt and Pete Muntean, CNN New York (CNN) — Winter weather, combined with the grounding of Boeing 737 Max 9 aircraft, is causing major disruptions for air travel. There have been more than more than 2000 flight cancellations Friday, the highest number since July 2023, data from the tracking site FlightAware