Money

By Michelle Toh, CNN Hong Kong (CNN) — Xiaomi has unveiled its first electric car, just days after Huawei launched another one of its own, showing that the efforts of Chinese tech giants to join the electric vehicle race are beginning to bear fruit. Xiaomi unveiled the SU7 sedan Thursday, two days after Huawei launched

CNN By Anna Cooban, CNN London (CNN) — Sales of vinyl records in the United Kingdom have surged this year to hit the highest level since 1990 — with a little help from Taylor Swift. Vinyl sales have jumped 11.7% so far in 2023 to 5.9 million units, according to preliminary figures released Thursday by

By Anna Cooban, CNN London (CNN) — Sales of vinyl records in the United Kingdom have surged this year to hit the highest level since 1990 — with a little help from Taylor Swift. Vinyl sales have jumped 11.7% so far in 2023 to 5.9 million units, according to preliminary figures released Thursday by the

By Nathaniel Meyersohn, CNN New York (CNN) — Several New York State lawmakers want to require restaurants at rest stops along the state’s 500-mile Thruway to stay open seven days a week to serve drivers, including Chick-fil-A, which famously closes on Sundays. “The [traveling] public and commercial trucking industry rely on these service areas to

By Riley Gutiérrez McDermid, CNN San Francisco (CNN) — It was a long year for Silicon Valley, but it may have felt even longer to outsiders, who watched the tech world essentially implode and regroup over the course of 2023 in ways both typical (layoffs, restructurings) and deeply unhinged (everything below). From the failure of

CNN By Samantha Delouya, CNN (CNN) — It’s been a rollercoaster lately for Apple Watch shoppers. The newest models were yanked from Apple’s shelves in the throes of the holiday shopping season amid an ongoing patent dispute, though a last-minute court order means they’ve started going back on sale ­– for now, at least. Here’s

By Samantha Delouya, CNN (CNN) — It’s been a rollercoaster lately for Apple Watch shoppers. The newest models were yanked from Apple’s shelves in the throes of the holiday shopping season amid an ongoing patent dispute, though a last-minute court order means they’ve started going back on sale ­– for now, at least. Here’s what

By Erica Hill and Yon Pomrenze, CNN (CNN) — In his 23 years with the Golden, Colorado, police department, a shorter workday — or work week — was never something Commander Marcus Williams thought about. “This was always considered something of a grind as part of the profession, one of those things you just kind

By Elizabeth Wolfe, CNN (CNN) — An estimated $760 million jackpot will be up for grabs in the next Powerball drawing after no winning ticket was drawn Wednesday night. The lottery’s next drawing will be Saturday at 10:59 p.m. ET. After more than two months with no grand prize winner, the jackpot now carries a

By Ramishah Maruf, CNN New York (CNN) — Gaston Glock, the inventor of the ubiquitous gun bearing his name, died on Wednesday. He was 94. The Glock company announced his death on its website, without giving a cause or other details. The Glock is universal in mainstream culture, from use in over 65% of US

By Matt Egan, CNN New York (CNN) — Gas prices will fall in 2024 for the second year in a row, according to GasBuddy projections shared exclusively with CNN. GasBuddy, which had a forecast for 2023 that proved to be eerily accurate, expects US gas prices will average $3.38 a gallon in the key election

By Elisabeth Buchwald, CNN New York (CNN) — For most people, passive income is a bit of extra pocket change that requires minimal effort to earn to supplement a main source of income. For Steve Ballmer, it’s $1 billion. Ballmer, the sixth richest person in the world, is due to collect that much in dividends

By Brian Fung, CNN Washington (CNN) — Apple will immediately return to selling its most advanced Apple Watch models in stores, after a federal appeals court temporarily blocked a sweeping import ban on its latest smartwatches while a patent dispute winds its way through the legal system. Apple will also once again offer the affected watches for

By Hanna Ziady, CNN London (CNN) — Some major shipping companies continue to steer clear of the Red Sea, even as others return following a new US-led security operation to safeguard the area — highlighting how fragile the situation remains in one of the world’s trade arteries. Hapag-Lloyd and Evergreen Line, the container shipping arm of

By Brammhi Balarajan and Sarah Engel, CNN (CNN) — The Powerball jackpot has grown to $700 million for Wednesday night’s drawing. The numbers drawn Wednesday were 4, 11, 38, 51, 68 and Powerball 5. Sales officials increased the jackpot Wednesday by about $15 million due to strong ticket sales. The top prize now carries a

By Clare Duffy and David Goldman, CNN New York (CNN) — The New York Times has sued OpenAI and Microsoft for copyright infringement, alleging that the companies’ artificial intelligence technology illegally copied millions of Times articles to train ChatGPT and other services to provide people with instant access to information — technology that now competes

By Ramishah Maruf, CNN New York (CNN) — The Lauder Business School in Vienna, Austria, has severed ties with Harvard University “in solidarity with the Jewish student community,” according to a statement from the institution. “Since 2014, Lauder Business School has proudly been an affiliate of Professor Michael Porter’s Microeconomics of Competitiveness Network at Harvard

By Anna Bahney, CNN Washington, DC (CNN) — This has been a year of superlatives in residential real estate — and not in a good way. Mortgage rates reached 23-year highs, sales sank to a 13-year low and prices hit their highest levels ever. That all combined to push affordability to its lowest point since

By Chris Isidore, CNN New York (CNN) — The longest US auto strike this century is over after a pretty clear win for the United Auto Workers union at all three unionized automakers. But don’t think the union is moving to repair relations between labor and management the way it has after past strikes. The

By Alicia Wallace, CNN Eagan, Minnesota (CNN) — The winter holidays typically make for busier times at The Open Door Pantry food shelf here in this Twin Cities suburb. And sure enough, on the Monday before Christmas, the day’s food appointments were chock-full. In the back warehouse, nearly 100 volunteers quickly and methodically sifted through