Money

By Anna Cooban, CNN London (CNN) — French luxury conglomerate LVMH has added a tiny Parisian bistro to its sprawling empire of designer fashion brands, jewelry makers and hotels. The company, owned by Europe’s richest man Bernard Arnault, said Thursday that it had bought a majority stake in Chez L’ami Louis, a 100-year-old restaurant in

By Bryan Mena, CNN Washington (CNN) — Homes in America are the most expensive they’ve ever been, according to one measure. The median price of a previously owned US home climbed for the eleventh consecutive month in May, up 5.8% from a year ago, to $419,300, the National Association of Realtors said Friday. That’s the

By Samantha Murphy Kelly, CNN (CNN) — Apple is banking on its upcoming AI features to boost iPhone sales especially in China, where demand has been lagging. But there’s a problem: ChatGPT — soon to be integrated into Siri — is banned in China. In a presentation earlier this month, Apple (AAPL) showed off its

By Oliver Darcy, CNN (CNN) — The Washington Post said Friday that Robert Winnett, the British journalist who had been slated to take over as the newspaper’s top editor, will no longer join the publication that has been ensnared in a weeks-long crisis over ethics questions. “It is with regret that I share with you

By Jordan Valinsky, CNN New York (CNN) — Amazon is eliminating the use of the puffy plastic air pillows used in delivery boxes, joining other major companies that are cutting their plastic use. The company said it was shipping 15 billion plastic pillows annually, and the changes represent its largest plastic packaging reduction effort in

By Ramishah Maruf and Peter Valdes-Dapena, CNN New York (CNN) — CDK Global is ubiquitous in the auto dealership world – its software is used at 15,000 dealers. Its products handle everything from records to scheduling. Now, thousands of dealerships across the United States and Canada are entering a third day in a near deadlock

By Jeanne Sahadi, CNN New York (CNN) — Happy day-after-summer-solstice. With any luck, if your employer has instituted a Summer Fridays policy, you’ll get to knock off work early or even take the whole day off. It’s always been a popular perk — because who doesn’t want to start their weekend early? However, the majority

By Matt Egan, CNN New York (CNN) — Truth Social owner Trump Media & Technology Group has gone ice-cold. The conservative social media company has lost roughly half its market value since May 30, the day former President Donald Trump was convicted of 34 felony counts in a hush money trial. Trump Media’s volatile share

By Alicia Wallace, CNN (CNN) — The skin gets flush with fever, the breaths grow short, the heart races, dizziness sets in. The helmet and goggles only make matters worse, trapping heat on the head and the eyes. There’s little to no escape from sweltering temperatures for construction workers like Eva Marroquin, who cleans work

By Brian Fung, CNN (CNN) — TikTok ramped up its attacks on the Biden administration Thursday over a law that could ban the popular app from the United States, arguing in a court filing that US TikTok users could be forced to live on an “island” of content disconnected from the rest of the world

By Peter Valdes-Dapena, CNN (CNN) — Bugatti has unveiled its new model, the Bugatti Tourbillon, a massively powerful hybrid with an equally impressive pricetag. The car will replace the $3.3 million, 1,500 horsepower Bugatti Chiron. You might have expected Bugatti’s new model to be all-electric. Not only is the industry headed in that direction, but

By Ramishah Maruf, CNN New York (CNN) — Parts of a pricey blender that can cost up to $990 can cause deep cuts, Vitamix announced in an expanded recall Thursday — but don’t expect a refund. After dozens of reports of lacerations from exposed blades, Vitamix announced a recall of about 569,000 blending containers and

By Danielle Wiener-Bronner, CNN New York (CNN) — Restaurant chains from Applebee’s to McDonald’s have in recent months clocked a troubling trend: Customers watching their budgets are spending less, and dining out less often. So they’ve come up with a solution — offer meal deals and discounts to bring people back. But Olive Garden is holding

By Brian Fung, CNN (CNN) — Big changes are coming for New York’s youngest social media users after Gov. Kathy Hochul signed two bills into law Thursday clamping down on digital platforms’ algorithms and use of children’s data. The unprecedented move makes New York the first state to pass a law regulating social media algorithms

By Peter Valdes-Dapena, CNN (CNN) — Toyota is recalling 145,000 Lexus TX and Toyota Grand Highlander SUVs because of an issue that could cause one of the side curtain airbags to fail to deploy in some situations. The curtain airbag on the driver’s side may not deploy properly “during certain crashes” if the driver’s side

By Chris Isidore, CNN New York (CNN) — Reports of harrowing and sometimes tragic incidents aboard airplanes seem to have accelerated this year, leading many to wonder if it’s still safe to fly. Statistics suggest that flying commercial is still the safest way to travel. But the first half of this year has been one

By Bryan Mena, CNN Washington (CNN) — Mortgage rates fell this week to their lowest level since early April, taking some pressure off America’s unaffordable housing market. The standard 30-year fixed-rate mortgage averaged 6.87% in the week ending June 20, mortgage financing giant Freddie Mac reported Thursday. That’s down from last week’s 6.95% average and

By Clare Duffy, CNN New York (CNN) — The OpenAI co-founder who left the high-flying artificial intelligence startup last month has announced his next venture: a company dedicated to building safe, powerful artificial intelligence that could become a rival to his old employer. Ilya Sutskever announced plans for the new company, aptly named Safe Superintelligence

By Oliver Darcy, CNN (CNN) — Two Pulitzer Prize-winning journalists at The Washington Post went on the record late Wednesday, calling for leadership change at the storied newspaper as questions swirl over the integrity of its new publisher and chief executive, Will Lewis. “I don’t know a single person at the Post who thinks the