Money

By Brian Fung and Catherine Thorbecke, CNN (CNN) — When the Federal Trade Commission and 17 states sued Amazon last month in a landmark antitrust case, Lina Khan, chair of the FTC, described it as a “cutting-edge” lawsuit that captures “state-of-the-art thinking” about modern monopolies in the tech industry. The closely watched case may be

Diksha Madhok, CNN (CNN) — Australia issued a fine of $610,500 Australian dollars ($386,000) on Monday against the company formerly known as Twitter for “falling short” in disclosing information on how it tackles child sex abuse content, in yet another setback for the Elon Musk-owned social media platform. Just days earlier, the European Commission formally

By Laura He, CNN Hong Kong (CNN) — Oil prices rose above $91 a barrel Monday as diplomatic efforts to address the crisis in the Middle East intensified, but slipped back later in the day, falling below $90 on reports that that US was nearing a deal to ease sanctions on Venezuela. Prices dropped on

By David Goldman, CNN New York (CNN) — Rite Aid filed for Chapter 11 bankruptcy protection Sunday, a casualty of a miserable environment for drug stores, exacerbated by its runner-up status to bigger chains and expensive legal battles for allegedly filling unlawful opioid prescriptions. The bankruptcy was not a surprise. Its bigger rivals, CVS and

By Laura He and Carina Cheng, CNN Hong Kong (CNN) — China’s economy may be in the doldrums, but its movie theaters have enjoyed a record-breaking few months as young women flocked to see home-grown films. Box office receipts totaled 23.44 billion yuan ($3.2 billion) between June and September, the highest amount for that period

By Chris Isidore, CNN New York (CNN) — Autoworkers in Canada ratified a new labor contract Sunday with General Motors, averting a resumption of a strike that had lasted about 13 hours on Tuesday. Members of Unifor, the Canadian union that represents 4,300 workers at GM, voted 80% in favor of the new deal, which

By Danielle Wiener-Bronner, CNN New York (CNN) — Taylor Swift can add a new title to her illustrious resume: box-office superstar. In its opening weekend, the pop singer’s concert film, “Taylor Swift: The Eras Tour,” raked in about $96 million in the box office in the United States and Canada, movie theater chain AMC said

CNN By Danielle Wiener-Bronner, CNN New York (CNN) — Taylor Swift can add a new title to her illustrious resume: box-office superstar. In its opening weekend, the pop singer’s concert film, “Taylor Swift: The Eras Tour,” raked in between $95 and $97 million in the box office in the United States and Canada, movie theater

By Ramishah Maruf, CNN New York (CNN) — Before college, Fouad Abu-Hijleh, 25, did not know of a world where it was wrong to support Palestinians. Abu-Hijleh is the descendant of refugees from the 1948 Arab-Israeli War, when after Israel was created roughly 700,000 Palestinians fled or were expelled from their homes by armed Jewish

By Chris Isidore, CNN New York (CNN) — The largest health care strike in US history produced a tentative labor agreement for a coalition of unions at Kaiser Permanente — but the deal was reached almost a week after the strike ended. That might seem odd. Once a strike ends, why should an employer settle?

By Allison Morrow, CNN New York (CNN) — Two weeks into what could be a four-to-six-week trial, jurors hearing the case against fallen crypto mogul Sam Bankman-Fried have been inundated with evidence that looks, for now, pretty damning. While the defense has yet to call its own witnesses, it has stumbled frequently in cross-examining the

By Brian Fung and Clare Duffy, CNN New York (CNN) — As the Israel-Hamas war reaches the end of its first week, millions have turned to platforms including TikTok and Instagram in hopes of comprehending the brutal conflict in real time. Trending search terms on TikTok in recent days illustrate the hunger for frontline perspectives:

By Nathaniel Meyersohn, CNN Business New York (CNN) — Grab physical DVDs while you still can. Netflix mailed its last red-enveloped DVD last month. Now Best Buy will stop selling DVDs and Blu-ray discs at the end of the 2023 holiday season, too. Best Buy says that streaming has made DVDs obsolete and it can

By Danielle Wiener-Bronner, CNN New York (CNN) — Imagine you’re at the movies: The lights have dimmed, the previews are over, chatter dwindles to a hush. You take a sip of soda through a straw. You pop some artificially buttery popcorn into your mouth. You tear open a bag of Skittles and start to chew.

By Samantha Delouya, CNN (CNN) — Elon Musk’s social media company, X (formerly known as Twitter), broke the law when it fired one of its employees for “exercising their right to protected concerted activity” following X’s return-to-office mandate, according to a complaint from the National Labor Relations Board. The complaint alleges that a high-ranking X

By Oliver Darcy, CNN (CNN) — The BBC said Friday that a group of its journalists covering Israel’s war with Hamas were held at gunpoint and assaulted by Israeli police in Tel Aviv. The disturbing incident, which the BBC said occurred on Thursday night, came as the team of three journalists drove to their hotel

By Samantha Murphy Kelly, CNN New York (CNN) — Many schools, psychologists and safety groups are urging parents to disable their children’s social media apps over mounting concerns that Hamas plans to disseminate graphic videos of hostages captured in the Israel-Gaza war. Disabling an app or implementing restrictions, such as filtering out certain words and

By Ramishah Maruf, CNN New York (CNN) — Ford is recalling certain models of the 2020-2022 Explorer due to a rollaway risk if the parking brake isn’t applied. There are 238,364 impacted vehicles in the recall, the National Highway Traffic Safety Administration said. It said a “disconnected driveshaft” could cause the car to roll away

By Brian Fung, CNN Washington (CNN) — The European Commission sent a warning letter Friday to Google and its subsidiary YouTube over disinformation and graphic content linked to the Hamas-Israel conflict, in the European Union’s latest effort to scrutinize Big Tech’s handling of the war. The letter from European Commissioner Thierry Breton, addressed to Google