Money

By Laura He, CNN Hong Kong (CNN) — The United States is not seeking to decouple from China’s economy or hold it back, Commerce Secretary Gina Raimondo told senior Chinese economic officials Tuesday in Beijing. “The US-China commercial relationship is one of the most globally consequential, and managing that relationship responsibly is critical to both

By Junko Ogura and Michelle Toh, CNN Tokyo/Hong Kong (CNN) — Toyota will resume operations at its Japanese assembly plants Wednesday after a 24-hour stoppage caused by disruption to its finely-tuned supply chain. The world’s biggest automaker by sales said that its 14 vehicle factories in the country had paused activity Tuesday because a system

By Michelle Toh, CNN Hong Kong (CNN) — Hundreds of workers are slated to strike at two major liquefied natural gas (LNG) facilities in Australia belonging to Chevron starting next week, after unions voted for work stoppages in an ongoing labor dispute. Offshore Alliance, which represents the Australian Workers’ Union and the Maritime Union of

By Oliver Darcy, CNN (CNN) — News organizations are in a cold war with OpenAI. While a shot has yet to be fired, some of the nation’s largest newsrooms are actively taking defensive measures to safeguard their content from ChatGPT, the groundbreaking artificial intelligence chatbot that is seen as a potential aggressor to an already

By Natasha Chen, Anna-Maja Rappard and Cheri Mossburg, CNN (CNN) — Hawaiian Electric Company said that power lines falling in high winds seem to have caused a fire during the early morning of August 8, but power lines in West Maui had been de-energized for more than six hours by the time a second afternoon

Eva Rothenberg, CNN New York (CNN) — Amazon is raising its free shipping threshold for some customers. To qualify for free shipping, non-Prime members typically have to purchase an order totaling at least $25. On Monday, the e-commerce giant said it has raised that minimum to $35. “We continually evaluate our offerings and make adjustments

By Catherine Thorbecke, CNN (CNN) — OpenAI is releasing a version of its buzzy ChatGPT tool specifically for businesses, the company announced Monday, as an AI arms race continues to ramp up throughout corporate America. OpenAI unveiled the new service, dubbed “ChatGPT Enterprise,” in a company blog post and said it will be available to

By Gregory Wallace (CNN) — American Airlines is facing the largest-ever fine for keeping passengers waiting on board airplanes during hours-long delays. The Department of Transportation is levying the $4.1 million fine, “the largest civil penalty that the Department has ever assessed” it said in a statement, for lengthy tarmac delays of 43 flights that

By Ramishah Maruf, CNN New York (CNN) — Disney’s visual effects crew filed for an election to unionize with the National Labor Relations Board with the backing of the International Alliance of Theatrical Stage Employees (IATSE), the union announced Monday, just weeks after Marvel’s VFX moved to unionize. More than 80% of Walt Disney Picture’s

By Nicole Goodkind, CNN New York (CNN) — Shares of Rite Aid ended Monday’s session higher after a day of highly volatile trading. Rite Aid’s stock price experienced steep swings throughout the trading day, soaring more than 20% higher than its opening price in morning trading and then falling to near-session lows close to midday.

By Olesya Dmitracova London (CNN) — If you drive an older, polluting car anywhere in London, starting Tuesday you’ll have to pay a princely charge of £12.50 ($15.70) per day. In 2019, the British capital became the first city in the world to introduce a round-the-clock Ultra Low Emission Zone, inside which cars and other

By Jordan Valinsky, CNN Business New York (CNN) — Nordstrom closed the doors of its five-story department store in San Francisco on Sunday, ending a 35-year run as the city suffers a retail exodus. The retailer announced the closure in May, saying that the “dynamics of the downtown San Francisco market have changed dramatically over

KGO By Jordan Valinsky, CNN Business New York (CNN) — Nordstrom closed the doors of its five-story department store in San Francisco on Sunday, ending a 35-year run as the city suffers a retail exodus. The retailer announced the closure in May, saying that the “dynamics of the downtown San Francisco market have changed dramatically

By Jordan Valinsky, CNN Business New York (CNN) — The New York Times found instant success with Wordle. Now it might have a new hit on its hands. A new puzzle called Connections is officially joining the newspaper’s portfolio of games this week, following a successful summer testing phase where it became the Times’ second-most

By Laura He, CNN Hong Kong (CNN) — China has made a series of moves to restore investor confidence in the world’s second largest economy, including cutting a tax on stock trading for the first time since 2008. Foreign investors dumped billions of dollars worth of Chinese stocks over the past few weeks as the

By Laura He, CNN Hong Kong (CNN) — Evergrande Group, the world’s most indebted real estate developer, has reported a significant narrowing in its net losses for the first half of the year, thanks to a rise in revenue because of a “short boom” earlier this year. But its stock still plunged more than 70%

By Michelle Toh, CNN Hong Kong (CNN) — US Commerce Secretary Gina Raimondo said Monday she and her counterpart, Chinese Commerce Minister Wang Wentao, had agreed on steps to improve communication between the world’s top two economies on business and trade following four hours of “very open” discussions in Beijing. Raimondo’s trip to Beijing and

By Kathleen Magramo and Michelle Toh, CNN (CNN) — In the busy streets of Hong Kong’s Central district the lunchtime queues snake around the swanky Japanese restaurants where high-end sushi can sell at $150 a pop just for a tasting menu. At Fumi, one of the more popular joints, the floors are packed with over

By Ramishah Maruf, CNN New York (CNN) — For every glitzy movie star in Hollywood, there are hundreds of actors living paycheck to paycheck working odd jobs when gigs dry up. Some wait tables. Others film short videos for fans on Cameo, fetching anywhere up to $1 to $1,500. The reality of actors’ livelihoods has

By Eva Rothenberg, CNN New York (CNN) — If you haven’t seen some of the summer’s hottest blockbusters, there’s no time like the present. Sunday is the second annual National Cinema Day. At more than 3,000 participating theaters across the country the price of a movie ticket is just $4. The last time the average