Money

By Matt Egan, CNN New York (CNN) — Elon Musk’s sprawling empire — spanning everything from electric vehicles and social media to space rockets and miniature brain implants — may soon make him the world’s first trillionaire. Musk’s business success has made him one of the most influential — and controversial — people in the

By Jeanne Sahadi, CNN (CNN) — When it comes to women’s advancement in corporate America, there have been gains made since 2015, according to the 10th annual analysis by women-at-work advocacy group LeanIn.org and consulting firm McKinsey & Company. But their report, released Tuesday, notes that women still face plenty of headwinds in getting ahead.

By Sean Lyngaas, CNN (CNN) — Meta, the parent company of Facebook and Instagram, announced Monday that it has banned Russian state media broadcaster RT and other Kremlin-controlled networks, alleging the outlets have engaged in deceptive influence operations and attempted to evade detection. “After careful consideration, we expanded our ongoing enforcement against Russian state media

By Ramishah Maruf, CNN New York (CNN) — Intel’s struggling chip-making business got a boost Monday from a high-profile client: Amazon. The announcement came after Intel said earlier in the day it would receive up to $3 billion in funding under the CHIPS and Science Act to manufacture chips for the military. Intel Foundry and

By Jordan Valinsky, CNN New York (CNN) — Amazon is demanding that its corporate employees return to the office five days a week, a significant change from its current pandemic-era hybrid policy that requires them to be in the office just three days a week. CEO Andy Jassy made the announcement about the new policy

By Vanessa Yurkevich, CNN (CNN) — With a massive ongoing strike, Boeing is making some temporary cutbacks that could hit non-union staff hard. Boeing Chief Financial Officer Brian West on Monday announced the company is instituting a freeze on hiring and non-essential travel, and it will consider furloughs for employees, managers, and executives. The company

By Matt Egan, CNN New York (CNN) — Shares of Donald Trump’s social media company are experiencing another bout of turbulence following the latest assassination attempt against the former president and face of Truth Social. Shares of Trump Media & Technology Group (DJT) initially climbed 5% in premarket trading early Monday in the wake of

By Hanna Ziady, CNN London (CNN) — Harland & Wolff, the 163-year-old firm that built the Titanic, has declared itself insolvent after failing to secure funding to continue trading. The loss-making UK shipbuilder said Monday that it would likely begin administration proceedings in the coming days. Administration provides a way for companies in the United

By David Goldman, CNN (CNN) — Elon Musk deleted a post Monday morning that questioned why former President Donald Trump has faced two apparent assassination attempts in recent months while President Joe Biden and Vice President Kamala Harris have not encountered any. Musk later claimed the post was a joke. “And no one is even

By Chris Isidore, CNN New York (CNN) — For a company that has lost $33 billion since 2019, a strike that virtually halts production of its major product is the last thing it needs. But that’s the reality for embattled aircraft maker Boeing. How long the strike lasts will determine how serious the problems are

By Catherine Nicholls, CNN London (CNN) — Former BBC news presenter Huw Edwards has been sentenced to six months’ imprisonment suspended for two years by a London court for having indecent images of children, according to PA Media. The suspended sentence comes with requirements including the completion of a sex offender treatment program and 25

By Bryan Mena, CNN Washington (CNN) — It’s a pivotal week for the US economy, with the Federal Reserve expected to cut interest rates for the first time since 2020. The move would mark a major milestone both for the central bank’s long fight with inflation and for Americans battling a higher cost of living

By Brian Fung, CNN (CNN) — Who really controls TikTok’s magical algorithm — the US-based company that runs the app or its Chinese parent, ByteDance? That’s the question that bedeviled a trio of federal judges on Monday charged with deciding whether to allow the implementation of a law that could ultimately result in TikTok being banned

By Samantha Delouya, CNN (CNN) — On Wednesday, the Federal Reserve is widely expected to cut interest rates after keeping them at a 23-year high for more than a year, fueling hopes that America’s sluggish housing market might soon turn a corner. Mortgage rates have doubled since 2020, contributing to one of the most unaffordable

By Elisabeth Buchwald, CNN New York (CNN) — Federal Reserve officials won’t say how former President Donald Trump winning a second term could impact the economy. Actually, the Fed prides itself on avoiding even the suggestion that it is wading into politics. But transcripts of closed-door Fed meetings from Trump’s first term give some clues

By Jeanne Sahadi, CNN New York (CNN) — Mostly large US corporations are projecting an average increase in their base pay budgets of 3.9% for next year, according to a new survey of 300 compensation leaders across 11 major industries from The Conference Board. That is lower than the 4.4% average increase they paid out

Reuters (CNN) — Air Canada said early on Sunday it had reached a tentative agreement with its pilots union over a new four-year collective agreement, in a last-minute deal that will avert a near-term strike or lockout. Before the tentative agreement was reached, Canada’s largest airline had been preparing to progressively cancel flights over three

By Alexandra Peers, CNN (CNN) — Some people really do leave money to their pets. And it’s legal. In June 2019, designer Karl Lagerfeld passed away. A chunk of his fortune, amassed after decades of helming the fashion house Chanel, was left to his cat, Choupette. “There is no marriage, yet, for human beings and

By Matt Egan, CNN (CNN) — Former President Donald Trump lashed out at Nasdaq over a routine trading halt in shares of his social media company and even threatened to move the listing to the New York Stock Exchange. “Why is NASDAQ halting the sale of DJT?” Trump said Friday on Truth Social, referring to

By Robert Ilich, CNN (CNN) — A short but tense distribution dispute between Disney and DirecTV came to an end Saturday after the two sides agreed to a new deal that will restore Disney-owned channels, including ABC, ESPN and FX, to the satellite TV provider. DirecTV stopped airing Disney-owned channels on September 1, denying sports