Money

By Oliver Darcy, CNN Fox News has settled a defamation lawsuit from a Venezuelan businessman who had accused the network of making false claims about him and the 2020 election, attorneys for the man and Fox News said Saturday in a court filing. The details of the settlement were not made public. “This matter has

By Ramishah Maruf, CNN Tesla is opening a Megafactory in Shanghai, the electric car manufacturer announced on Twitter Sunday. The factory will be able to produce 10,000 Megapacks per year, which are very large batteries used to store utility-scale amounts of electricity. The company announced the new factory with a picture of a signing ceremony

By Sophie Tanno, CNN The BBC is seeking a swift resolution after Twitter branded it as “government funded media.” Britain’s national broadcaster is predominantly funded by UK households via a license fee, which is also required to watch non-BBC channels or live services. This is supplemented by income from commercial operations. The @BBC account —

By Krystal Hur, CNN There’s been a seismic shift in investor perspective: Bad news is no longer good news. For the past year, Wall Street has hoped for cool monthly economic data that would encourage the Federal Reserve to halt its aggressive pace of interest rate hikes to tame inflation. But at its March meeting

By Jeanne Sahadi, CNN As the economy slows, are employers starting to regain the upper hand in negotiations with employees and job seekers? Pay is always an issue, of course, but in the wake of the pandemic, so too is how much time employers want people to work on site versus how much they are

By Ramishah Maruf, CNN Starbucks is betting big on olive oil infused coffee, hoping customers will be enticed by the anomaly and the health benefits of extra virgin olive oil. “It is one of the biggest launches we’ve had in decades,” Brady Brewer, Starbucks’ chief marketing officer, told CNN. Former CEO Howard Schultz added in

By Bryan Mena, CNN A surprise production cut announcement this week from Saudi Arabia and several other OPEC+ oil producers complicates the Federal Reserve’s mission to cool the economy and could worsen inflation in the United States, economists say. Energy prices across the globe surged last year when Russia invaded Ukraine, fueling global inflation just

By Alicia Wallace, CNN US employers added just 236,000 jobs in March, coming in below expectations and indicating that the labor market is cooling off amid the Federal Reserve’s yearlong rate-hiking campaign to chill inflation. The unemployment rate dropped to 3.5%, according to the March jobs report released Friday by the Bureau of Labor Statistics.

By Oliver Darcy, Marshall Cohen and Liam Reilly, CNN Fox asked a judge in court filings made public Thursday to prohibit references to the January 6 insurrection at the U.S. Capitol, as well as threats directed at employees of Dominion Voting Systems, when the $1.6 billion defamation lawsuit it faces from the election technology company