Money

By Laura He, CNN Hong Kong (CNN) — Stocks in Hong Kong suffered their worst day in three months on Tuesday on growing concern about China’s weak housing market and persistently high US interest rates. The Hang Seng Index ended down 2.7% — its biggest drop since early June — after investors returned from a

By Maxime Tamsett, CNN (CNN) — Florida’s minimum wage rose by one dollar Saturday to $12/hour. The increase is the result of a constitutional amendment approved by voters in 2020 to gradually raise the Sunshine state’s minimum wage to $15/hour by September 30, 2026. Florida’s minimum wage stood at $8.56/hour when voters approved the 2020

By Ramishah Maruf, CNN New York (CNN) — Fast food chains are implementing all sorts of changes to their drive-thrus, and it looks like it’s paying off for customers in line, according to a new report. Some of the leading fast food companies, such as Wendy’s, Chick-fil-A and Carl’s Jr. saw major reductions in their

By Matt Egan, CNN New York (CNN) — The long-delayed and highly controversial deal to bring Truth Social and the Trump media empire to Wall Street has a new twist – the merger could get terminated by either party. Under an updated merger agreement, both parties in the deal will have the opportunity to kill

CNN By Matt Egan, CNN New York (CNN) — The long-delayed and highly controversial deal to bring Truth Social and the Trump media empire to Wall Street has a new twist – the merger could get terminated by either party. Under an updated merger agreement, both parties in the deal will have the opportunity to

By Samantha Murphy Kelly, CNN Business (CNN) — Apple is working on a software fix following reports that some of its new iPhone 15 models are overheating. The company told CNN the current overheating issues are not a safety risk and will not affect the long-term performance of impacted iPhone models. It also emphasized that

By Brian Fung, CNN (CNN) — Microsoft CEO Satya Nadella warned on Monday of a “nightmare” scenario for the internet if Google’s dominance in online search is allowed to continue, a situation, he said, that starts with searches on desktop and mobile but extends to the emerging battleground of artificial intelligence. Nadella testified on Monday

By Nicole Goodkind, CNN New York (CNN) — JPMorgan Chase CEO Jamie Dimon issued a stark warning Monday to Wall Street: The Federal Reserve may be far from finished with its aggressive regimen of interest rate hikes in the fight against elevated inflation. Most analysts say the central bank will raise interest rates just one

By Jordan Valinsky, CNN New York (CNN) — Comedian John Oliver returned to his HBO show “Last Week Tonight” on Sunday, becoming the latest late night host to air a new program following the end of the writers’ strike. “We missed so much that it would take a whole new version of Billy Joel’s ‘We

By Chris Isidore, CNN New York (CNN) — Tesla reported slower third quarter sales that fell short of Wall Street forecasts. The world’s largest electric car maker reported it delivered 435,000 vehicles in the period. That’s down 7% from the 466,000 deliveries in the second quarter. Analysts surveyed by FactSet Research had expected sales to

By Matt Egan, CNN New York (CNN) — Corporate America is breathing a sigh of relief after lawmakers narrowly avoided a chaotic shutdown of the federal government. Business leaders and economists had warned a shutdown would have hurt the economy by causing vast uncertainty, significant disruptions and hurting confidence. “While brinksmanship is never the answer,

By Anna Cooban, CNN London (CNN) — The head of the Organization of the Petroleum Exporting Countries — a group of the world’s major oil producers — told CNN Monday that a lack of investment in the oil industry posed a danger to global energy security and could send crude prices to $100 a barrel.

By Chris Liakos and Anna Cooban, CNN Paris/London (CNN) — A lawyer for Bernard Arnault has dismissed allegations of money laundering that triggered a preliminary investigation by French prosecutors into the billionaire’s dealings with a Russian businessman, saying they are “as absurd as they are unfounded.” On Friday, the Paris Public Prosecutor’s Office told CNN

By Allison Morrow, CNN New York (CNN) — Eleven months ago, Sam Bankman-Fried was living in the Bahamas as a crypto superstar, running a celebrity-backed startup, surrounded by fans and friends who believed he was the real deal: An MIT math whiz. A visionary who ditched the Wall Street track to chart his own course.

By Kelly McCleary, CNN (CNN) — Get your tickets ready: An estimated $1.04 billion dollar jackpot could be yours in Monday night’s Powerball drawing. The massive prize is the second-largest jackpot this year and the fourth-largest in the lottery’s history, Powerball said. The winning numbers are: 12, 26, 27, 43, 47 and Powerball 5. If

By Paradise Afshar and Chris Isidore, CNN New York (CNN) — An 11th-hour tentative contract agreement reached between Mack Trucks and the United Auto Workers union late Sunday narrowly averted a strike by 3,900 employees at the company. “More details to come as members review the [tentative agreement],” UAW said on X, the platform formally

By Laura He, CNN Hong Kong (CNN) — A return to growth in China’s manufacturing sector and a boom in travel during the annual “Golden Week” holiday is fueling hopes that the economy could be regaining momentum after a major slowdown this year. China’s official manufacturing purchasing managers’ index (PMI) rose to 50.2 from 49.7

By Chris Isidore, CNN New York (CNN) — Savonnda Blaylock, a pharmacy technician in northern California, has worked for health care giant Kaiser Permanente for 22 years and she’s never been on strike. That could change on Wednesday when she becomes one of 75,000 workers who participate in the nation’s largest health care strike in

CNN, KCRA, KCAL, KCBS By Eva Rothenberg, CNN (CNN) — A coalition of eight unions representing 75,000 employees of Kaiser Permanente said late Saturday that is has not reached an agreement with the company, setting the stage for the largest healthcare strike in US history on Wednesday. The Coalition of Kaiser Permanente Unions, which has