Money

By Matt Egan, CNN New York (CNN) — CEOs are raking in fat pay packages as the US stock market booms. Bosses have always made more money than workers. But the gap between CEOs and employees is growing. The median CEO in the S&P 500 was paid 196 times as much as the median employee

By Samantha Murphy Kelly, CNN (CNN) — A group of OpenAI insiders are demanding that artificial intelligence companies be far more transparent about AI’s “serious risks” — and that they protect employees who voice concerns about the technology they’re building. “AI companies have strong financial incentives to avoid effective oversight,” reads the open letter posted

By Jordan Valinsky, CNN New York (CNN) — Logan Paul’s Prime drink has some new competition in the form of the G.O.A.T. Soccer superstar Lionel Messi has partnered with White Claw’s parent company to create a new hydration beverage, marking his entrance into the $33 billion category dominated by entrenched competitors Paul’s Prime, Gatorade and

By Peter Valdes-Dapena, CNN (CNN) — Sales of new electric vehicles have started to slow, but the opposite is happening with used EVs. A combination of factors has led to increases in both the number of used electric vehicles available to purchase and the number of people looking to buy them. The reasons include tax

By Alicia Wallace, CNN (CNN) — The number of job openings in the US shrank for the second month in a row, setting a new three-year low amid further signals of cooling in the labor market. There were 8.06 million available jobs posted in April, according to the Bureau of Labor Statistics’ latest Job Openings

By Maisie Linford and Anna Cooban, CNN London (CNN) — The boss of Qantas Airways has acknowledged the “anger” of thousands of customers who were sold tickets for already-canceled flights. “Everyone feels pain at the anger,” Qantas CEO Vanessa Hudson told CNN’s Richard Quest in an exclusive interview at an airline industry conference in Dubai Monday. “It’s

By Chris Isidore, CNN New York (CNN) — Elon Musk and the Tesla board are facing a shareholder suit over his sale of $7.5 billion worth of Tesla shares in late 2022, ahead of a January 2023 sales report that sent the price of the stock plunging. Musk sold a total of 41.5 million shares

By Brian Fung, CNN (CNN) — New York could soon become the first state to pass a law restricting social media platforms from using algorithms to promote content to minors. New York Democratic Gov. Kathy Hochul and state lawmakers are nearing a legislative deal on the proposal, according to a person familiar with the matter.

By Samantha Murphy Kelly, CNN (CNN) — Apple’s Vision Pro mixed reality headset was announced one year ago this week, and it’s arguably already due for a major upgrade to add artificial intelligence. Apple is expected to announce its first batch of generative AI tools for the iPhone and iPad next week, as part of

By Diksha Madhok, CNN New Delhi (CNN) — Indian stocks plunged Tuesday as vote counting in the country’s election suggested Prime Minister Narendra Modi’s dream of a landslide victory is at risk, raising doubts about his ability to push through more aggressive economic reforms. India’s benchmark Sensex index, which tracks 30 large companies, and the

By Himari Semans, Junko Ogura and Hanako Montgomery, CNN Tokyo (CNN) — Japanese officials descended on the headquarters of Toyota on Tuesday, after a safety test scandal at a number of automakers in the country widened this week. The inspections at Toyota’s offices in central Japan would continue over the next few days, Japan’s Ministry

By Sean Lyngaas and Donie O’Sullivan, CNN (CNN) — Pro-Russian propagandists are ramping up their efforts to denigrate next month’s Paris Summer Olympics and undermine Western support for Ukraine through a series of brazen online and offline stunts, private experts and Western officials told CNN. The stunts have included using artificial intelligence to impersonate the

By Clare Duffy, CNN New York (CNN) — A new Utah lawsuit accuses TikTok of enabling the sexual exploitation of children through its livestreaming feature. TikTok live allows users to post live videos to the platform, where they can interact with viewers and respond to comments in real time. TikTok also allows viewers to send

By Hadas Gold, CNN (CNN) — ESPN host Pat McAfee has apologized for calling Caitlin Clark a “White b*tch” during a Monday show segment over whether race has played a factor in the WNBA rookie’s meteoric rise. “I shouldn’t have used ‘white b*itch’ as a descriptor of Caitlin Clark. No matter the context.. even if

By Alicia Wallace, CNN (CNN) — For more than 35 years, Michigan Central Station has lain dormant, towering above Detroit’s Corktown neighborhood as a harsh and stoic reminder of the city’s economic pain. The 18-story monolith that at one point was the tallest railroad station in the world had fallen derelict, its once opulent halls

By Danielle Wiener-Bronner, CNN New York (CNN) — Coke is still the top soda in America. But the runner up spot, long held by Pepsi, now belongs to Dr Pepper. After years of slowly gaining market share, Dr Pepper inched ahead of Pepsi as the number two soda brand in the country in 2023, according

By Krystal Hur, CNN New York (CNN) — Wall Street’s wild day ended on a calmer note. The Dow slid 115 points, or 0.3%, on Monday after falling by more than 400 points earlier in the day. The S&P 500 rose 0.1% and the Nasdaq Composite added 0.6% to close out the first trading day

By Tami Luhby, CNN (CNN) — Many Americans may get hot under the collar when they open their electric bills this summer, but for some, the consequences of rising utility costs can be a lot more serious. The cost of keeping cool is expected to rise nearly 8% to an average of $719 from June

By Tami Luhby, CNN (CNN) — Americans will have to shell out $719 on electricity, on average, to keep their homes cool this summer, according to the National Energy Assistance Directors Association. That’s nearly $200 more than they paid in 2019. Are you concerned that mounting utility bills will make it difficult for you to

By Anna Cooban, CNN London (CNN) — Fast fashion giant Shein, founded in China, is taking steps for going public in the United Kingdom, according to multiple media reports, in what would likely provide a shot in the arm for London’s ailing main stock exchange. The online retailer is preparing to file a prospectus with