Money

By Nathaniel Meyersohn, CNN New York (CNN) — Red Lobster, which brought affordable shrimp and lobster to middle-class America and grew to become the largest seafood restaurant chain in the world, has filed for bankruptcy. The company said it had more than $1 billion in debt and less than $30 million in cash on hand.

By Jeanne Sahadi, CNN New York (CNN) — If you have savings and investments to support you in retirement — or, before then, if you take an unpaid leave from your job — you can put that money to work in ways that help cover your short-term income needs without sacrificing your long-term security. How

By Diksha Madhok and Hassan Tayir, CNN (CNN) — China has hinted at possible tit-for-tat action against trade barriers imposed by the United States last week, as relations between the two economic superpowers become increasingly fraught. On Sunday, China’s Ministry of Commerce said it was launching an anti-dumping probe into polyoxymethylene or POM copolymers, a

By Eva Rothenberg, CNN New York (CNN) — You can add Mickey, Minnie, Donald and Goofy to the growing list of workers seeking better employment benefits. After three days of voting last week, 1,700 Disneyland Resort cast members who play characters around the theme park in Anaheim, California, as well as perform at parades, voted

By Eva Rothenberg, CNN New York (CNN) — Minnesota government officials have struck a deal with rideshare companies Uber and Lyft to set minimum wage standards for drivers, lawmakers announced Saturday night. The agreement is the culmination of nearly a year of back and forth between Democratic state officials and the two companies, who threatened

By Danielle Wiener-Bronner, CNN New York (CNN) — Imagine you have $400 to spend on a luxury dining experience. You might treat yourself to a tin of premium caviar, a bottle or two of very fine wine or a multi-course meal at a high-end restaurant. Or you could blow it all on a single pineapple.

By Eva Rothenberg, CNN New York (CNN) — Universities across the United States have adopted a number of tactics in recent weeks to prevent disruptions by pro-Palestinian protesters at graduation ceremonies. Some universities have reached agreements with on-campus demonstrators, while others have cited safety concerns and canceled, postponed or relocated their schoolwide ceremonies. Several schools

By Samantha Delouya, CNN (CNN) — More Americans are turning 65 this year than ever before, and that number is set to creep even higher over the next few years. It’s fueling a huge rollout of new retirement products — but they’re not all golden tickets. An average of 11,200 Americans will reach that traditional

By Parija Kavilanz, CNN New York (CNN) — It was once hyped as a worthy rival to Nike. But at present, Under Armour, founded by a 23-year-old former college athlete, is struggling to “just do it.” Instead, the brand that’s championed on the basketball court by Stephen Curry and on the golf course by Jordan

By Elisabeth Buchwald, CNN New York (CNN) — Emily Miller lucked out. Of the millions of fans — and bots — flooding Ticketmaster’s site in hopes of purchasing tickets to Taylor Swift’s Eras Tour, the 22-year-old managed to score $200 floor seats to see the mega pop star perform in Pittsburgh last summer. Now, Miller

By Sara Smart, CNN (CNN) — Boeing whistleblower John Barnett died by suicide, according to a police report released on Friday, bringing to end an investigation of the shocking death of a longtime employee who raised concerns about the airplane manufacturer’s safety and production standards – and who sued the company, claiming Boeing illegally retaliated

By Clare Duffy, CNN New York (CNN) — A departing OpenAI executive focused on safety is raising concerns about the company on his way out the door. Jan Leike, who resigned from his role leading the company’s “superalignment” team this week, said in a thread on X Friday that he disagreed with OpenAI leadership’s “core

By Nicole Goodkind, CNN New York (CNN) — The Dow Jones Industrial Average closed above the 40,000 mark Friday for the first time in its 139-year history. The blue-chip index initially crossed the key threshold early Thursday but ended that day lower. Wall Street has been boosted in recent days by renewed hopes of rate

By Ramishah Maruf, CNN New York (CNN) — Autoworkers at a Mercedes Benz plant in Alabama voted against joining the United Auto Workers union Friday, potentially stalling hopes of a rapidly growing organizing wave for autoworkers in the southern United States. The result was a close outcome. Out of the valid votes counted, 56% of

By Eva Rothenberg, CNN New York (CNN) — Baby He’s a Rich Man. Paul McCartney has added another feather in his cap as the United Kingdom’s first billionaire musician, the Sunday Times reported in the 2024 edition of its annual Rich List, published Friday. According to the Times, the 81-year-old Beatles alum and his wife

By Nicole Goodkind and Chris Isidore, CNN New York (CNN) — Shareholders of embattled airplane maker Boeing approved a pay package of nearly $33 million for outgoing CEO Dave Calhoun at the company’s annual general meeting on Friday. That’s the highest package ever paid to the company’s CEO and a 45% increase from the $22.6

By Clare Duffy, CNN New York (CNN) — Elon Musk’s brain implant startup Neuralink is accepting applications for a second human trial participant to test its device, the billionaire said on X Friday. The request comes five months after Neuralink implanted a brain chip into its first human trial participant, 30-year-old Noland Arbaugh, and just

By Eva Rothenberg, CNN New York (CNN) — ESPN journalist Jeff Darlington witnessed the arrest of World No. 1 golfer Scottie Scheffler Friday morning before the second round of the PGA Championship in Louisville, Kentucky, thrusting the reporter into the middle of one of the strangest sports stories in recent memory. Darlington and Scheffler had

By Clare Duffy, CNN New York (CNN) — Voice actor Paul Skye Lehrman took a job in 2020 for which he believed he was providing a set of one-off voice samples. Years later, he says he heard his voice narrating a YouTube video and then on a podcast — even though he had never recorded

By Laura He, CNN Hong Kong (CNN) — China has unveiled wide-ranging measures to rescue its property sector, including asking local governments across the country to buy unsold homes from beleagured developers and easing rules on purchases. Even though China’s economy expanded faster than expected at the start of this year, growth is being weighed