Money

By Oliver Darcy, CNN (CNN) — Alarm bells are going off at ABC News. The Disney-owned newsroom was jolted on Thursday after a report suggested that the outlet could soon be expelled from the Magic Kingdom. Bloomberg’s Christopher Palmeri and Thomas Buckley reported that Disney has “held exploratory talks” about selling ABC to Nexstar Media

By Juliana Liu, CNN Hong Kong (CNN) — Economic activity in China appeared to improve in August, with data released on Friday suggesting a downturn in growth may be stabilizing. But more bad news on real estate highlighted the challenges that still lie ahead. Industrial production — which measures output from sectors such as manufacturing

By Ramishah Maruf, CNN New York (CNN) — Bill Maher said his show is returning to air — despite the WGA writer’s strike raging on. “Real Time is coming back, unfortunately, sans writers or writing,” Maher said on Instagram Wednesday. “It has been five months, and it is time to bring people back to work.”

By Ramishah Maruf, CNN New York (CNN) — Google has reached a $93 million settlement with the state of California to resolve allegations that it was collecting consumers’ data without their consent, the state’s attorney general said in a statement Thursday. The California Department of Justice found that, after a multi-year investigation, the tech giant

By Matt Egan, CNN New York (CNN) — US oil prices climbed above $90 a barrel on Thursday for the first time in 10 months, threatening to push gasoline prices even higher and heat up inflation across the economy. High oil prices have already created an unusual situation where gasoline is getting more expensive even

By Liam Reilly, CNN (CNN) — Right-wing conspiracy theorist Alex Jones’ personal spending has increased since he was ordered to pay $1.5 billion in liabilities to Sandy Hook families, none of whom has seen a penny from the disgraced Infowars host, according to court documents. In July alone, Jones spent $93,180 — excluding legal and

By Chris Isidore and Amy O’Kruk, CNN (CNN) — The United Auto Workers union is officially on strike against General Motors, Ford and Stellantis, the automaker that makes vehicles under the Jeep, Ram, Dodge and Chrysler brands. It’s the first time in its history that it struck all three unionized automakers at the same time.

By Jordan Valinsky, CNN Business New York (CNN) — Johnson & Johnson is replacing its instantly recognizable logo that’s been in use for 135 years. Gone is the cursive, which was based off the handwritten signature of company co-founder James Wood Johnson, and in its place is the name written in modernized font as the

By Anna Bahney, CNN Washington, DC (CNN) — US mortgage rates ticked up this week, ending a two-week streak of slight declines. Rates have remained over 7% for five consecutive weeks as inflation pressure continues to linger. The 30-year fixed-rate mortgage averaged 7.18% in the week ending September 14, up from 7.12% the week before,

By Nicole Goodkind, CNN New York (CNN) — The largest public offering since 2021 is here. After a nearly two-year drought in the IPO market, UK-based chip designer Arm made a successful Nasdaq debut on Thursday, finishing the day 25% higher and landing the company with a market cap of around $65 billion. The company

By Bryan Mena, CNN Washington, DC (CNN) — US retail sales picked in August, boosted by higher gas prices, as spending on other items grew modestly. Retail sales, which are adjusted for seasonal swings but not inflation, rose 0.6% in August, the Commerce Department reported Thursday. That’s a slightly faster pace than July’s revised 0.5%

By Elisabeth Buchwald, CNN New York (CNN) — Wholesale inflation accelerated for the second month in a row, mirroring a similar trend in the Consumer Price Index report, the Bureau of Labor Statistics reported Thursday. The Producer Price Index, a key measure of price changes at the wholesale level, rose to 1.6% from 1.3% for

CNN By Chris Isidore and Vanessa Yurkevich, CNN Detroit (CNN) — Time has run out to avert a strike at America’s unionized automakers. The United Auto Workers contracts expired at 11:59 pm ET on Thursday. The contracts covered 145,000 UAW members at the three companies: General Motors, Ford and Stellantis, which builds vehicles under the

By Chris Isidore and Vanessa Yurkevich, CNN Detroit (CNN) — America’s auto industry is facing a historic challenge. The United Auto Workers contracts expired at 11:59 pm ET on Thursday. The contracts covered 145,000 UAW members at the three companies: General Motors, Ford and Stellantis, which builds vehicles under the Jeep, Ram, Dodge and Chrysler

By Olesya Dmitracova, CNN London (CNN) — The European Central Bank raised interest rates by a quarter of a percentage point to 4% Thursday and hinted it was done with its protracted campaign of rate hikes to tame stubborn inflation. The central bank has now raised its main interest rate at 10 consecutive meetings, taking

By Chris Isidore and Vanessa Yurkevich, CNN Detroit (CNN) — United Auto Workers President Shawn Fain on Thursday night said the union will strike all the Big Three automakers – GM, Ford and Stellantis – at the same time as of midnight if the companies do not reach tentative labor deals with the auto workers.

By Akanksha Sharma and Michelle Toh, CNN Hong Kong (CNN) — Taiwan’s Ministry of Foreign Affairs has hit back after Elon Musk called the self-ruled island an “integral part of China.” Speaking remotely at the All-in Summit, which took place in Los Angeles this week, Musk compared Taiwan’s relationship with China to that of Hawaii’s

By Michelle Toh, CNN Hong Kong (CNN) — Extreme heat and flooding are set to deal a massive blow to the global fashion industry, with four of the world’s top garment producing countries at risk of missing out on $65 billion in earnings by 2030, according to a study from Cornell University and investment manager

By Nathaniel Meyersohn, CNN New York (CNN) — American Eagle filed a lawsuit against shopping mall owner Westfield, accusing the company of allowing its San Francisco Centre mall to “deteriorate into disarray.” American Eagle, which has a shop in the mall, said that Westfield breached its lease agreement and its neglect of common areas in

By Chris Isidore and Vanessa Yurkevich, CNN Detroit (CNN) — United Auto Workers President Shawn Fain announced a targeted strike plan Wednesday if the union decides to walk out at General Motors, Ford and Stellantis after a contract expiration late Thursday. Details of the plan, including which plants will be struck, will not be announced