Money

By Elisabeth Buchwald, CNN New York (CNN) — If you want to know how much a publicly traded company is worth at any given time, all you have to do is look up its market cap, which updates in real time during trading hours. But if you want to know how fast prices are rising

By Ramishah Maruf, CNN New York (CNN) — Sony Pictures Entertainment has bought dine-in movie theater chain Alamo Drafthouse, the companies announced Wednesday. Alamo Drafthouse, headquartered in Austin, Texas, has 35 theaters in 25 metro areas. It rose to popularity and has a passionate fanbase due to its dine-in and cocktail menus and its reputation

By Jeanne Sahadi, CNN New York (CNN) — Editor’s Note: This is an updated version of an article that originally ran on May 1. As was widely expected, the Federal Reserve left its benchmark interest rate unchanged for its seventh meeting in a row on Wednesday. People carrying variable-rate debt like credit cards and those

By Clare Duffy, CNN New York (CNN) — SpaceX and CEO Elon Musk were sued on Wednesday by former employees who claim they were illegally fired for raising concerns about gender discrimination and sexual harassment at the rocket company. The lawsuit, brought by eight employees who were fired in 2022, alleges that Musk wants to

By Danielle Wiener-Bronner, CNN New York (CNN) — Grocery prices stayed flat in May, after ticking down the month before. But menu prices, a source of frustration for budget-conscious consumers, are still going up — even as restaurants brag about their discounted meals. Menu prices rose 0.4% at sit-down restaurants from April to May, adjusted

By Brian Fung, CNN Washington (CNN) — TikTok may not be as hot a place for politics as many seem to think. The attention devoted to TikTok as a powerful force in US politics — for better or for worse — does not seem to match up with the experience of most TikTok users, according

By Anna Cooban, CNN London (CNN) — A looming glut in global oil supply could “upend” attempts by the Organization of the Petroleum Exporting Countries and its allies, or OPEC+, to prop up prices by cutting production, according to the International Energy Agency. The Paris-based IEA said Wednesday that it expects growth in global oil

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. Shari Redstone has finally spoken. After weeks of endless speculation about the future of Paramount Global, and more than half a year of grueling negotiations, the heiress

By Juliana Liu and Gawon Bae, CNN Hong Kong/Seoul (CNN) — Three varieties of “fire chicken” instant ramen noodles popularized by a viral internet challenge have been recalled in Denmark after they were deemed to be too spicy. The level of capsaicin found in Buldak Hot Chicken Ramen 3x Spicy, Buldak Hot Chicken Ramen 2x

By Diksha Madhok, CNN New Delhi (CNN) — A one-of-its-kind insurance policy has started making payouts to tens of thousands of women across India to help them cope with the impact of extreme heat. Fifty thousand women in 22 districts across the states of Rajasthan, Maharashtra and Gujarat received a $5 payments as temperatures topped

By Matt Egan, CNN New York (CNN) — Americans are fed up with massive CEO pay packages. More than 8 in 10 (83%) Americans say it’s important for businesses to avoid a major pay gap between CEOs and average employees, according to early findings from an upcoming Bentley University-Gallup poll shared exclusively with CNN. That

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve said Wednesday it is keeping its benchmark lending rate at its current level for the seventh time in a row, while signaling fewer rate cuts than previously estimated. That means borrowing costs on everything from car loans to mortgage rates will remain elevated. Officials penciled in just

By Hanna Ziady, CNN London (CNN) — The European Union has hiked tariffs on electric cars imported from China, drawing a rebuke from Beijing, which sees the bloc as a vital and growing market for its auto industry. Additional tariffs of between 17.4% and 38.1% will be applied on top of the existing EU duty

By Anna Cooban, CNN London (CNN) — In a pub just a stone’s throw from Anfield stadium, where 60,000 fans gather regularly to watch Liverpool Football Club, bar staff are preparing to serve a very different clientele. The Sandon has been catering to the soccer crowd for more than a century. On Thursday, it expects

By Christopher Lamb, CNN (CNN) — An image of Pope Francis wearing a stylish white puffer jacket went viral last year, prompting a flurry of comments about his choice of clothes and even questions about whether he had a stylist. But there was a problem: the image was a “deep fake” created using artificial intelligence.

By Ramishah Maruf, CNN New York (CNN) — More than 15,000 Amazon contract drivers filed arbitration claims against the e-commerce giant on Tuesday, alleging Amazon classified them as independent contractors instead of employees with minimum wage and overtime rights. Millions of Americans participate in the “gig economy,” freelancing work through delivery and ride apps like

By Hadas Gold, CNN (CNN) — In the wake of Hunter Biden’s conviction on federal gun charges Tuesday, right-wing media personalities sought to downplay the jury’s decision, falsely claiming the case was a “fake trial” designed to “cover up” other supposed crimes committed by the president and his family. The reaction showcased how far to

By Clare Duffy, CNN New York (CNN) — Lawyers for Elon Musk on Tuesday moved to dismiss the billionaire’s lawsuit against OpenAI and CEO Sam Altman, ending a months-long legal battle between co-founders of the artificial intelligence startup. Musk — who co-founded OpenAI in 2015 — sued the company in February, accusing the ChatGPT maker

By Erika Tulfo, CNN New York (CNN) — Dynastic hot dog eating champion Joey Chestnut will not compete in this year’s Nathan’s hot dog eating contest after he struck a deal with plant-based food company Impossible Foods. “We are devastated to learn that Joey Chestnut has chosen to represent a rival brand that sells plant-based