Money

By Anna Cooban, CNN London (CNN) — China is opening an investigation into the price of brandy imported from the European Union in a move seen as retaliation for the bloc’s probe into an influx of cheap Chinese electric cars into Europe. The Chinese Ministry of Commerce told reporters Friday that it had launched the

By Laura He, CNN Hong Kong (CNN) — Tesla is recalling 1.6 million vehicles in China to fix problems with its Autopilot driver-assistance system and reduce the risk of collisions, a Chinese regulator said Friday. The issues can be fixed through over-the-air software updates, according to a statement from China’s State Administration for Market Regulation,

By Jordan Valinsky, CNN New York (CNN) — McDonald’s said that it’s experiencing “meaningful business impact” in the Middle East because of the war between Israel and Hamas, joining Starbucks in issuing public statements trying to squash misconceptions and boycotts affecting the brands. In a letter posted on LinkedIn, McDonald’s CEO Chris Kempczinski said that

By Alicia Wallace, CNN New York (CNN) — Friday’s jobs report marked a fitting end to what was an odds-defying year. The US economy added 216,000 jobs in December and the unemployment rate held steady at 3.7%, the Bureau of Labor Statistics reported Friday. The monthly total blew past expectations for a net gain of

By Diksha Madhok, CNN New Delhi (CNN) — Gautam Adani has had a good start to 2024. After a tumultuous year, the Indian tycoon has just retaken his former position as Asia’s richest man, according to the Bloomberg Billionaires Index. The founder of the sprawling Adani Group is now worth $97.6 billion, which makes him

By Allison Morrow, CNN New York (CNN) — Neri Oxman, an academic and wife of billionaire investor Bill Ackman, plagiarized parts of her doctoral dissertation at MIT, according to a report from Business Insider. Ackman has become one of the most prominent critics amplifying a series of accusations, including plagiarism, against Harvard’s leader, who resigned this week. The Business Insider report, which CNN

By Ramishah Maruf, CNN New York (CNN) — SpaceX responded to a National Labor Relations Board (NLRB) consolidated complaint and an order notifying the company of an administrative hearing by filing its own motion with a federal court, alleging that the structure of the NLRB itself is “unconstitutional.” The NLRB filed a consolidated complaint Wednesday

By Samantha Delouya, Jeff Winter and Lauren del Valle, CNN (CNN) — Nineteen unsealed documents from a lawsuit connected to Jeffrey Epstein, the convicted pedophile who died in jail before he could face trial on federal sex-trafficking charges, were publicly released on Thursday. This is the second batch stemming from a December 18 court order

By Ramishah Maruf, CNN New York (CNN) — Lululemon’s controversial founder is back with criticisms about its diversity and inclusion efforts — and the athleticwear company is distancing itself from his comments. It’s been almost a decade since Chip Wilson left the company, but the founder has gripes about Lululemon’s “whole diversity and inclusion thing,”

By Matt Egan, CNN New York (CNN) — Americans ramped up their online shopping this past holiday season, splurging on a record-setting $222 billion worth of electronics, toys and other items. The spending haul between November 1 and December 31 marks a 4.9% increase from the previous holiday shopping season, according to an Adobe Analytics

By Allison Morrow, CNN New York (CNN) — A US federal court on Wednesday unsealed hundreds of pages of documents from a lawsuit related to Jeffrey Epstein, the convicted pedophile who died in jail before he could face trial on federal sex-trafficking charges. CNN has reviewed the documents, which included names — previously redacted to

By Hanna Ziady, CNN London (CNN) — Carrefour, one of France’s biggest supermarket chains, will stop selling PepsiCo products because they have become too expensive, in the latest clash between retailers and their suppliers over prices. Stores are displaying a note alongside Pepsi, Lay’s chips, Quaker cereals and Lipton teas, among other products, that reads:

By Jordan Valinsky, CNN New York (CNN) — “Kim Kardashian: Hollywood,” the once wildly popular mobile game that helped catapult her to stardom and wealth, is shutting down after nearly a decade. The game let players mirror Kardashian’s life by creating an avatar that works to achieve virtual A-list status by climbing the social ladder.

By Parija Kavilanz, CNN New York (CNN) — In December, Costco workers in Norfolk, Virginia voted to unionize in what they said was a bid to improve working conditions at the wholesale retail chain. Most companies tend to respond aggressively to organizing efforts, but Costco delivered a surprising response to the union win. The group of

By Catherine Thorbecke, CNN New York (CNN) — Microsoft is adding a “Copilot” key that summons an AI-powered assistant with the click of a button in its biggest update to the Windows keyboard in three decades. The software giant said Thursday that the Copilot key will be coming soon to some new PCs made and

By Anna Cooban, CNN London (CNN) — Europe hasn’t quite shaken off the big, painful problem haunting its economies over the past two years. Annual inflation in Germany and France, the European Union’s leading economies, rose in December. The first estimate of eurozone consumer price inflation for last month published Friday confirmed the trend —

By Jennifer Korn, CNN (CNN) — Peloton is partnering with TikTok to create short-form workout classes and other content as the struggling digital fitness and equipment company attempts to rebrand. As part of the partnership, TikTok will roll out a #TikTokFitness hub featuring a dedicated Peloton section with custom content created for the platform, the

By Anna Bahney, CNN Washington, DC (CNN) — Mortgage rates ticked up ever so slightly this week, kicking off 2024 by taking a breather from the previous nine weeks of consecutive declines. The 30-year fixed-rate mortgage averaged 6.62% in the week ending January 4, up from 6.61% the previous week, according to data from Freddie Mac

By Bryan Mena, CNN Washington, DC (CNN) — Latino economist Alberto Musalem has been named as the next president and CEO of the Federal Reserve Bank of St. Louis, the bank announced Thursday. Musalem, 55, replaces James Bullard, who left the bank on August 14 to become the inaugural dean of Purdue University’s Mitchell E.