Money

By Chris Isidore, CNN New York (CNN) — Shawn Fain, who led the United Auto Workers union in its strike against all three unionized American automakers last fall, is under investigation by a federal monitor overseeing the union. The news of the investigations and competing allegations come at a bad time for the union as

By Jon Passantino, CNN (CNN) — Four Fox Corporation board members have been subpoenaed in voting technology company Smartmatic’s $2.7 billion defamation lawsuit against Fox News over its airing of 2020 election lies, alleging executives at the right-wing cable channel’s parent company knew it was spreading false claims. In a court filing Monday, Smartmatic subpoenaed the

By Samantha Delouya, Mauricio Torres, Verónica Calderón and Sahar Akbarzai, CNN (CNN) — A Florida jury on Monday found banana company Chiquita Brands International liable for financing the Colombian paramilitary group Autodefensas Unidas de Colombia (AUC). The jury in the civil case, in federal court in the Southern District of Florida, found that “Chiquita knowingly

By Chris Isidore, CNN New York (CNN) — Boeing reported another weak month for new plane orders as it struggles to overcome questions about safety and production problems with its commercial jets. The company reported it took orders for only four new jets in May, all for the 787 Dreamliner, and none for the troubled

By Alisha Ebrahimji, CNN (CNN) — The second-largest lottery prize ever won in Michigan has just been claimed after a New Year’s Day drawing – solving a six-month mystery. The Michigan Lottery announced a group called The Breakfast Club as the winner of an $842 million Powerball jackpot. The members, who have not been named,

By Jordan Valinsky, CNN New York (CNN) — Starbucks is the latest entrant in the value menu wars, joining its rivals in releasing new offers to lure back cash-strapped consumers. The coffee chain rolled out Tuesday a new “Pairings Menu,” which combines a drink and a breakfast item for a discount, marking Starbucks’ latest attempt

By Anna Cooban, CNN London (CNN) — Investors are snapping up the shares of a British maker of tiny computers after it went public on the London Stock Exchange Tuesday. Raspberry Pi stock soared as much as 40% in early trade before paring those gains slightly by 11.54 a.m. ET to trade at £3.85 ($4.90),

By Jordan Valinsky, CNN New York (CNN) — Although the future of the NBA on TNT remains uncertain, the cable network will at least have tennis. Warner Bros. Discovery, CNN’s parent company, announced Tuesday a 10-year deal to become the new US home for the French Open tennis tournament beginning in 2025, a move that

By Elisabeth Buchwald, CNN New York (CNN) — Legendary baseball coach and player Frank Robinson famously said, “Close only counts in horseshoes and hand grenades.” The Federal Reserve is living by that precept. After getting its preferred inflation gauge down from over 7% in June 2022 — its highest level since the early 1980s —

By Oliver Darcy, CNN New York (CNN) — Editor’s Note: A version of this article first appeared in the “Reliable Sources” newsletter. Sign up for the daily digest chronicling the evolving media landscape here. Rachel Maddow is back with another podcast. The MSNBC star on Monday debuted the second season of her acclaimed audio series, “Ultra.” Over six episodes, the program is set to

By Hanna Ziady, CNN London (CNN) — Elon Musk is not happy about a new partnership between Apple and ChatGPT creator OpenAI. In a post to X Monday, the Tesla (TSLA) chief executive said he would ban Apple (AAPL) devices at his companies — which include SpaceX and X, among others — if the iPhone

By Allison Morrow, CNN New York (CNN) — Lawyers for Elizabeth Holmes, the convicted Silicon Valley grifter, presented her appeal before a California court Tuesday, revisiting a case that exposed the shortcomings of the tech world’s fake-it-till-you-make-it startup culture. Holmes was sentenced to 11 years in prison for defrauding investors in her failed blood-testing company,

By Matt Egan, CNN New York (CNN) — The price for owning a home is rising rapidly – and we’re not just talking about mortgage payments. US homeowners are now paying an average of $18,118 a year on property taxes, homeowners’ insurance, maintenance, energy and various other expenses linked to owning a home, according to

By Samantha Delouya, CNN (CNN) — Nearly four years ago, while campaigning in the runup to the last presidential election, Donald Trump warned that President Joe Biden would “destroy” the oil industry. As Trump and Biden are set once again to face off in a presidential election, Trump has renewed claims that Biden’s agenda has

By Juliana Liu, CNN Hong Kong (CNN) — Singapore Airlines has offered compensation to passengers hurt last month during a flight that encountered severe turbulence, which resulted in dozens of injuries and one death. Passengers who sustained minor injuries have each been offered $10,000 in compensation, while those who suffered more serious injuries have been

By Eva Rothenberg, CNN New York (CNN) — An action figure from 1979 that was never officially released in stores has become the most valuable vintage toy ever sold at auction, fetching a final bid that could buy a three-bedroom, two-bath home in many parts of the United States. The Rocket-Firing Boba Fett action figure,

By Ramishah Maruf, CNN New York (CNN) — The WNBA just had its highest-attended opening month in 26 years, fueled by a powerhouse rookie class with the likes of Caitlin Clark and Angel Reese. The league also said Monday it had its most-watched start of the season games ever across all six networks that broadcast

By Chris Isidore, CNN New York (CNN) — Elliott Investment Management announced Monday it has taken a $1.9 billion stake in Southwest Airlines and said there needs to be new leadership at the Dallas-based carrier. “Southwest’s poor execution and leadership’s stubborn unwillingness to evolve the company’s strategy have led to deeply disappointing results for shareholders,

By Alicia Wallace, CNN (CNN) — Presidential election polls may be showing that some Americans have mixed, if not outright sour, views on the overall economy — but when it comes to how they view their own finances, things are looking pretty good. US consumers are more optimistic about their current and future financial situation,