Money

By Ramishah Maruf, CNN New York (CNN) — Meta said Wednesday that it is close to resolving a technical issue that is causing a widespread outage of its apps, including Facebook, Instagram and WhatsApp. “We’re aware that a technical issue is impacting some users’ ability to access our apps. We’re working to get things back

By Ramishah Maruf, CNN New York (CNN) — The richest person in the world just hit an even higher milestone. Elon Musk’s net worth has reached $400 billion, according to Bloomberg, making him the first person ever to cross that mark. Behind his nearly $20 billion jump in wealth was a deal that shot up

WABC, CNN By Matt Egan, CNN New York (CNN) — Corporations are scrambling to protect their senior executives as police warn of an elevated near-term threat against business leaders. Boards are reassessing security budgets. And CEOs are being told to delete their digital footprints. The stunning killing of UnitedHealthcare CEO Brian Thompson in Midtown Manhattan

By Kara Scannell and Lauren del Valle, CNN (CNN) — Federal prosecutors charged two prominent real estate brokers and their brother in a sex trafficking scheme, alleging they baited, drugged and sexually assaulted multiple women since 2010. Tal and Oren Alexander, top real estate brokers and brothers who started at real estate company Douglas Elliman,

By Jordan Valinsky, CNN New York (CNN) — There’s beef cooking between two of the biggest restaurant chains over their respective meal deals. In one corner is Applebee’s, which recently launched a $9.99 “Really Big Meal Deal,” and on the other side is Chili’s, home of the $10.99 promotion that has proven to be a

By Anna Cooban, CNN London (CNN) — Thousands of jobs are on the chopping block at German industrial giant Bosch in yet another blow to the country’s beleaguered economy. A spokesperson for the company told CNN Wednesday that it plans to cut a total of 8,250 jobs globally over the coming years. The axe will

By Nathaniel Meyersohn, CNN New York (CNN) — The largest proposed merger in US supermarket history has collapsed. Grocery chain Albertsons called off its $25 billion merger with Kroger Wednesday, a day after a federal judge blocked the deal. The merger, announced in 2022, sought to combine the fifth and tenth largest retailers in the

By Alicia Wallace, CNN (CNN) — Inflation heated back up again in November, but it likely wasn’t bad enough to keep the Federal Reserve from cutting rates next week. Consumer prices were up 2.7% for the 12 months ended in November, moving higher from the 2.6% annual increase seen in October and marking the highest

By Jordan Valinsky, CNN New York (CNN) — A cybersecurity attack is hampering some customers from getting their doughnuts at Krispy Kreme, the company revealed Wednesday. The chain said in a regulatory statement that it had detected “unauthorized activity on a portion” of its technology late last month that is still causing “certain operational disruptions,”

By David Goldman, CNN (CNN) — Macy’s said Wednesday that it has concluded its investigation into an employee who intentionally hid more than $150 million in expenses, and it has tightened its controls to avoid a repeat of the embarrassing problem. The troubled retailer said its investigation revealed a single, unnamed accounting employee—who was responsible

By Reuters (Reuters) — Major food companies, including Kraft Heinz, Mondelez and Coca-Cola, were hit with a new lawsuit in the US on Tuesday accusing them of designing and marketing “ultra-processed” foods to be addictive to children, causing chronic disease. The lawsuit was filed in the Philadelphia Court of Common Pleas by Bryce Martinez, a

By Matt Egan, CNN New York (CNN) — Corporations are scrambling to protect their senior executives as police warn of an elevated near-term threat against business leaders. Boards are reassessing security budgets. And CEOs are being told to delete their digital footprints. The stunning killing of UnitedHealthcare CEO Brian Thompson in Midtown Manhattan last week

By Hadas Gold, CNN (CNN) — A bankruptcy judge has blocked The Onion’s winning bid for Alex Jones’ Infowars conspiracy platform, citing concerns with the auction process which he says left money on the table. “I’m going to not approve the sale to the purchaser. I think there’s a great lack of clarity here,” Judge

By Chris Isidore, CNN New York (CNN) — General Motors is pulling the plug on its efforts to develop a fleet of driverless taxis and will focus on driver-assistance features that require a driver to be ready to take control of the car, the company said Tuesday. GM is dropping robotaxi efforts “given the considerable

By Elisabeth Buchwald, CNN New York (CNN) — From the very moment President-elect Donald Trump takes the oath of office on January 20, he’ll be able to levy tariffs on imports from other nations. On that day, he has already vowed to impose a 25% tariff on Mexican and Canadian imports as well as an

By Nathaniel Meyersohn, CNN New York (CNN) — A federal judge in Oregon blocked Kroger’s proposed $25 billion tie-up with Albertsons, ruling that the largest merger in US supermarket history would limit competition and harm consumers. The ruling is a major setback for the chains and puts the merger’s likelihood in jeopardy. The judge issued

WBAL, WJAC, CNN By Ray Sanchez and John Miller, CNN (CNN) — The regulars began assembling in the predawn Monday at a McDonald’s just off the interstate in western Pennsylvania when at some point a fellow customer caught their attention. “Don’t that look like the shooter from New York?” one of the regulars, who only

By Jordan Valinsky, CNN New York (CNN) — Walgreens is reportedly looking to take itself private in a deal with Sycamore Partners, sending the stock nearly 20% higher Tuesday. The Wall Street Journal reported that the beleaguered drugstore giant and the private equity firm are discussing a deal that could be completed early next year.

By Chris Isidore, CNN New York (CNN) — More than 33,000 Boeing employees ended their strike a month ago. But planes have only just recently started moving along the assembly lines that were idled by the two-month work stoppage. Production of its 737 Max jet finally resumed Friday, while Boeing said Tuesday that a second