Money

By Chris Boyette and Rebekah Riess, CNN (CNN) — Angela Chao, CEO of shipping company Foremost Group and sister of former US cabinet secretary Elaine Chao, died after her car became submerged in a pond on a Central Texas ranch last month, according to the Wall Street Journal and a report from Blanco County Emergency

By Chris Isidore, CNN New York (CNN) — Michael Stumo’s life changed forever on March 10, 2019. His daughter, Samya Rose Stumo, was killed that day when the Boeing 737 Max 8 she was on plunged into the ground just outside Addis Ababa, Ethiopia, six minutes after the plane took off. She was 24 years

By Elisabeth Buchwald, CNN New York (CNN) — When I set up an interview with Bruce Van Saun, head of Citizens Financial Group, the 14th largest bank in the US, for a piece that would mark the first anniversary of the collapse of Silicon Valley Bank I didn’t anticipate having such a fresh feeling of déjà

By Samantha Murphy Kelly, CNN (CNN) — When 24-year-old Heather Hines from Southern California was changing into her work clothes last month, she noticed the seven security cameras she owned from Wyze went offline for a short period of time, including the one in her bedroom. About 48 hours later, she received an email from

By Jordan Valinsky, CNN New York (CNN) — Why does actor Aaron Paul co-own a mezcal brand? The answer is quite simple: “I like drinking.” Along with his former “Breaking Bad” co-star turned best friend Bryan Cranston, the two co-founded Dos Hombres Mezcal in 2019 — joining the long list of celebrity-backed alcohol brands launched

By Sean Lyngaas, CNN (CNN) — For more than two weeks, a cyberattack has disrupted business at health care providers across the United States, forcing small clinics to scramble to stay in business and exposing the fragility of the billing system that underpins American health care. “We’re hemorrhaging money,” said Catherine Reinheimer, practice manager at the

By David Goldman and Poppy Harlow, CNN New York (CNN) — What an absolute roller coaster ride. OpenAI, the ChatGPT maker that has been in management upheaval for more than four months, announced that its co-founder and CEO Sam Altman would return to its board of directors as part of a reshaped oversight team. Altman’s return

By Clare Duffy, CNN New York (CNN) — When Raúl Torrez, then a young prosecutor in a rural New Mexico, was preparing one of his first child abuse cases, he went to his father for advice. Torrez expected his dad, a career prosecutor, to offer some tips about preparing evidence or addressing the jury. Instead,

By Brian Fung, CNN (CNN) — Apple has abruptly reversed a decision to ban Epic Games, the maker of “Fortnite,” from launching its own app store on iOS in Europe — just a day after European Union officials said they were investigating the matter. It’s the first major test of Europe’s new digital competition rules that

By Joshua Girsky and Clare Duffy, CNN New York (CNN) — Many companies had to manage employee discontent when calling them back to the office as risks from the Covid-19 pandemic eased. And now that they’re back, employers are having to address a new issue: some employees have forgotten how to behave in the office.

By Jeanne Sahadi, CNN New York (CNN) — For decades, not having a college degree has often been a barrier for workers seeking a higher-level, better-paying job. But more employers are now saying they’re willing to hire them. College degrees were used by companies as a proxy for skills and competence when evaluating potential hires

By Brian Fung, CNN Washington (CNN) — House lawmakers are moving with dizzying speed with a plan that could ban TikTok from the United States. In the span of two days this week, a key House committee introduced and approved a bill targeting TikTok. The full House is set to vote on it as early

By Anna Cooban, CNN London (CNN) — First, Novo Nordisk, the company behind Ozempic and Wegovy, outgrew its native Denmark. Now, it’s bigger than Tesla. Shares in the pharmaceutical giant rose jumped more than 8% Thursday, pushing its market capitalization to $609 billion, about $40 billion more than Tesla’s valuation. Investors rushed into Novo Nordisk’s

By Sean Lyngaas, CNN (CNN) — Russian state-backed hackers gained access to some of Microsoft’s core software systems in a hack first disclosed in January, the company said Friday, revealing a more extensive and serious intrusion into Microsoft’s systems than previously known. Microsoft believes that the hackers have in recent weeks used information stolen from

By Parija Kavilanz, CNN New York (CNN) — Americans love to eat out. But each time they dine in a restaurant or wait in line during a lunchtime run to the nearest sandwich shop, fast-food or salad chain, they’re literally placing their wellbeing in the hands of people hired to prepare their meals. Why? Because

By Matt Egan, CNN New York (CNN) — The Congressional committee investigating campus antisemitism sent a letter to the Massachusetts Institute of Technology on Friday seeking a wide range of documents on how the school is protecting Jewish students. The letter from Rep. Virginia Foxx, the Republican chairwoman of the House Education and Workforce Committee,

By Bryan Mena and Anna Bahney, CNN Washington (CNN) — Americans are in the throes of the worst housing affordability crisis in decades. Baby Boomers aren’t parting with their homes, insurance costs are skyrocketing, mortgage rates are sky-high and half of renters say they can’t afford their monthly payment. Some have given up on ever owning

By Chris Isidore, CNN New York (CNN) — After being rocked by years of quality and safety issues, Boeing is changing the bonus formula it uses to pay more than 100,000 nonunion employees. Instead of basing most of white-collar employees’ bonuses on financial results, bonuses will now be based mostly on safety and quality metrics.

By Alicia Wallace, CNN New York (CNN) — The US labor market appears to be doing just swell — but the boom times are likely in the rearview mirror. The economy added 275,000 jobs in February, the Bureau of Labor Statistics reported Friday, a stronger-than-expected gain that shows the foundation for economic growth remains quite

By Hilary Whiteman, CNN (CNN) — Within a year of calling off his last wedding, nonagenarian billionaire Rupert Murdoch has popped the question to another partner, months after they started dating. The former News Corp chairman’s media representative confirmed the news to CNN on Friday, just days before the billionaire’s 93rd birthday next Monday. It’s the