Money

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — Anheuser-Busch and the Teamsters union have reached a tentative contract agreement that averts a strike of 5,000 union members who had been prepared to walk out at midnight Thursday. The Teamsters say the deal will grant members an immediate $4 an hour raise and

By Clare Duffy, CNN New York (CNN) — Electronic Arts plans to lay off 5% of its employees, making it the latest company in the gaming and tech space to reduce its workforce. EA, the maker of lucrative game franchises such as the Madden NFL games and Apex Legends, said the layoffs are part of

By Peter Valdes-Dapena, CNN (CNN) — Stellantis, the parent company of Jeep, Dodge and Chrysler vehicles, is recalling 338,000 Jeep Grand Cherokees in the United States because parts of the front suspension could become loose. If this happens, the SUV’s front wheel could fall outward, resulting in a loss of control, according to documents filed

By Ramishah Maruf, CNN New York (CNN) — Eye ointments sold at CVS and Walmart may not actually be sterile, a recall posted by the US Food and Drug Administration warned. On Feb. 26, the FDA posted a voluntary recall from Brassica Pharma, which is recalling several eye ointments with expiration dates ranging from February

By John Towfighi, CNN (CNN) — Don’t call Wendy’s new pricing plan “surge pricing.” In a blog post on Tuesday, the fast-food chain explained that its test of new menus with prices that change throughout the day is not meant to cost more for customers. “This was misconstrued in some media reports as an intent

By Elisabeth Buchwald, CNN New York (CNN) — Last month, as bitcoin approached $45,000, JPMorgan Chase CEO Jamie Dimon compared the cryptocurrency to a Pet Rock and said people need to “stop talking about this s—.” Now, bitcoin investors are laughing all the way to the bank. The cryptocurrency is up a whopping 20% in

By Sean Lyngaas, CNN Washington (CNN) — A week after a cyberattack disrupted insurance processing at pharmacies across the US, health care professionals from Maryland to New York tell CNN that the hack continues to upend their businesses, potentially cutting into revenue. Raeya Disney, a psychotherapist who treats trauma victims in Maryland, said she worries

By Gregory Wallace, CNN (CNN) — Boeing must produce within 90 days a plan to fix serious quality and safety issues, the Federal Aviation Administration said on Wednesday. The agency said FAA Administrator Mike Whitaker and Boeing CEO Dave Calhoun held a day-long meeting on Tuesday where Whitaker made the demand. That meeting came the

By Allison Morrow, CNN New York (CNN) — Lawyers for Sam Bankman-Fried filed a memo in Manhattan federal court Tuesday arguing that their client doesn’t deserve to spend the rest of his life in prison, calling a recommended 100-year sentence “barbaric” and “grotesque.” Bankman-Fried, who is 31, was convicted in November on seven counts of

CNN By Catherine Thorbecke, Amanda Sealy and Nadia Kounang, CNN (CNN) — Staring at a computer screen, Mark focuses deeply, his arms resting by his side. His right index finger trembles ever so slightly on top of a pillow, and then an alert rings out from the screen in front of him, a message to a

By Catherine Thorbecke, Amanda Sealy and Nadia Kounang, CNN (CNN) — You can watch Dr. Sanjay Gupta’s full report, plus his answers to your questions about this, on Erin Burnett OutFront tonight at 7pmET. Staring at a computer screen, Mark focuses deeply, his arms resting by his side. His right index finger trembles ever so slightly

By Diksha Madhok and Hanna Ziady, CNN New Delhi/London (CNN) — Disney is joining forces with Asia’s richest man to create a new media giant in India that says it will reach a domestic audience of more than 750 million people. Billionaire Mukesh Ambani’s Reliance Industries and Disney have combined their digital streaming platforms and

CNN By Hanna Ziady, CNN London (CNN) — Apple has abandoned decade-long efforts to build an electric car, according to multiple media reports, calling time on a project that some saw as potentially transformative for the auto industry. Many employees working on the project, known internally as “Project Titan,” will be moved to the company’s

By Samantha Delouya, CNN (CNN) — Last summer, the “Barbenheimer” boom, fueled by the smash success of films “Barbie” and “Oppenheimer,” breathed fresh life into the movie theater business after months on the edge of a pandemic-induced extinction. But now that the pink outfits and porkpie hats are off the big screen, concerns remain about

By Hanna Ziady, CNN London (CNN) — Apple has abandoned decade-long efforts to build an electric car, according to multiple media reports, calling time on a project that some saw as potentially transformative for the auto industry. Many employees working on the project, known internally as “Project Titan,” will be moved to the company’s artificial

By Matt Egan, CNN New York (CNN) — Uncle Sam has quietly deployed a new secret weapon designed to catch bad guys trying to steal from taxpayers: artificial intelligence. Starting around late 2022, the Treasury Department began using enhanced fraud-detection methods powered by AI to spot fraud, CNN has learned. The strategy mirrors what is

By Laura He, CNN Hong Kong (CNN) — Hong Kong has announced a slew of measures to boost its real estate sector, including the removal of decade-old restrictions that were introduced to prevent a property bubble, as part of its effort to revive an economy that has been hurt by a record exodus of talent

By Juliana Liu, CNN Hong Kong (CNN) — Chinese property developer Country Garden, which defaulted on its debt last year, says it has received a liquidation petition from a creditor after not repaying a loan. The winding-up petition was filed by Ever Credit Limited, which had lent Country Garden a term loan facility worth 1.6

By Ramishah Maruf, CNN New York (CNN) — Starbucks said Tuesday it will begin talks with the Workers United union to discuss bargaining agreements and union organizing. “We have agreed with Workers United that we will begin discussions on a foundational framework designed to achieve collective bargaining agreements, including a fair process for organizing, and

By Samantha Delouya, CNN (CNN) — Shares of Beyond Meat skyrocketed in after-hours trading on Tuesday after the company promised to cut costs and transition to a “leaner operating structure” in its fourth-quarter financial report. The troubled plant-based meat company, which has partnerships with McDonald’s and KFC owner Yum! Brands, has faced falling demand for