Money

By Juliana Liu, CNN Hong Kong (CNN) — The billionaire owner of French luxury powerhouse LVMH has seen his wealth inflate by $17 billion dollars in just one day, after China announced fresh moves to restore economic growth that some call the long-awaited “bazookas” needed to revive confidence. Bernard Arnault isn’t the only winner. China and

By Matt Egan, CNN (CNN) — A major Trump Media shareholder and former contestant on “The Apprentice” has unloaded almost his entire stake in former President Donald Trump’s social media company. Although the stock price has been volatile, that stake is worth roughly $100 million at current prices. United Atlantic Ventures, managed by Trump Media

By Pete Muntean, CNN (CNN) — The National Transportation Safety Board is issuing “urgent safety recommendations” for some Boeing 737s—including the embattled 737 MAX line— warning that critical flight controls could jam. The independent investigative agency is issuing the warning that an actuator attached to the rudder on some 737 NG and 737 MAX airplanes

By Marshall Cohen, CNN The pro-Trump cable outlet Newsmax and voting technology company Smartmatic settled a major defamation lawsuit Thursday in a last-minute agreement, averting a high-stakes trial over the airing of false 2020 election claims. The terms of the settlement were not immediately known. The deal comes hours after jury selection got underway in a Wilmington, Delaware, courtroom ahead of opening statements

By Jordan Valinsky and Brian Stelter, CNN New York (CNN) — Hoda Kotb, the co-host of NBC’s morning show, “Today,” is leaving her position early next year, she announced Thursday. Kotb, one of the most famous faces on NBC, has co-hosted the program with Savannah Guthrie since 2017, taking over from Matt Lauer, who was

By Chris Isidore, CNN New York (CNN) — Southwest Airlines’ substantial changes to its business and boarding process are coming – but not for a while. Open seating isn’t going away for more than a year. The airline said on Thursday that its passengers will be able to book a reserved seat in late 2025

By Jordan Valinsky, CNN New York (CNN) — Three things seem certain to happen in life: death, taxes and the prices of stamps going up. The United States Postal Service announced that First-Class postage, currently at 73 cents, will go up five times through 2027, according to a detailed document submitted this week to the Postal Regulatory

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — Longshore workers at ports from Maine to Texas are set to walk off the job early Tuesday, staging what could become the most disruptive strike to the US economy in decades. The strike could stop the flow of a wide variety of goods over

By Jordan Valinsky, CNN New York (CNN) — McDonald’s has become notorious for its broken ice cream machines — there’s even an independent website that monitors broken McFlurry machines. So Wendy’s is taking advantage. Wendy’s is selling small-sized, $1 Frosty frozen dairy desserts until September 30 — and it’s collaborating with McBroken, which reports which

By Hadas Gold, CNN New York (CNN) — The fate of Rupert Murdoch’s vast media empire, including Fox News, is now in the hands of a Reno probate commissioner, who will decide whether the 93-year-old media mogul can change his succession plan to preserve the right-wing editorial bent of his influential outlets. Murdoch and his eldest children descended on a Reno courthouse to appear for evidentiary hearings in a

By Bryan Mena, CNN Washington (CNN) — President Joe Biden proudly touts the return of manufacturing jobs to America — but despite the investments and subsidies, it’s an industry in the US that is now languishing after just barely recovering from the Covid-19 pandemic. And it’ll be tough for either Vice President Kamala Harris or

By Matt Egan, CNN (CNN) — Former President Donald Trump has promised to attack the United States affordability crisis by imposing immense tariffs, carrying out unprecedented deportations and even influencing interest rate decisions. However, a new analysis finds that the Republican presidential nominee’s plans for tariffs, deportations and the Federal Reserve would not only fail

By Marshall Cohen, CNN Washington (CNN) — Jury selection is set to begin Thursday in a closely watched defamation trial pitting voting technology company Smartmatic against the right-wing cable network Newsmax, in a high-stakes case over the airing of false 2020 election claims. Barring a last-minute settlement, which is common in cases like these, both sides are

By Clare Duffy, CNN New York (CNN) — OpenAI’s executive exodus is continuing with three top leaders announcing their exits Wednesday, including Chief Technology Officer Mira Murati. Murati — who has been instrumental in the development of ChatGPT and the artificial intelligence image generator Dall-E — said Wednesday afternoon in a post on X that

By Clare Duffy, CNN New York (CNN) — Facebook and Instagram users will now be able to talk to voices that sound a lot like John Cena and Judi Dench. They won’t be the real actors, though, but an artificial intelligence chatbot. Parent company Meta (META) announced Wednesday that it is adding voice conversations and

By Hadas Gold, CNN New York (CNN) — Interested in owning Alex Jones’ conspiracy theory empire, Infowars? Its parent company, Free Speech Systems, is now officially up for sale following the approval of a Texas bankruptcy judge on Tuesday. Everything from the Infowars.com domain, to its social media accounts, subscriber list, and even production equipment and studio set will be auctioned off piece by

By Jeanne Sahadi, CNN (CNN) — If your employer lets you work remotely one or more days a week, and you highly value that kind of flexibility, you probably didn’t love hearing last week that Amazon will soon require its corporate employees to return to the office five days a week. Or that Dell in

By Anna Cooban, CNN London (CNN) — A “misleading” online advertisement for $35 Nike sneakers has been banned in Britain for failing to make clear that the product was actually targeted at children and therefore the offer didn’t represent a true discount for adults. The ad featured a pair of sneakers next to the caption: “Now

By Krystal Hur, CNN New York (CNN) — The 2024 monster gold rally is picking up steam. The most actively traded gold futures contract has hit repeated highs this year, most recently notching a fresh record of $2,687.30 on Tuesday before retreating. That comes after the Federal Reserve slashed US interest rates by a supersized

By Matt Egan, CNN New York (CNN) — Supermarket prices are no longer skyrocketing – except, of course, if you’re buying eggs. Egg prices spiked by 28.1% in August from 12 months ago, easily the biggest increase out of any food item tracked by the Bureau of Labor Statistics. The sticker shock in the egg