Money

By Alicia Wallace, CNN (CNN) — It wasn’t just inflation starting off 2024 hot, paychecks did as well. A closely watched measure of labor costs showed that compensation growth accelerated much faster than expected during the first three months of the year, providing an unwelcome data point for Federal Reserve officials looking for inflation pressures

By Jordan Valinsky, CNN New York (CNN) — Adidas’ Samba and Gazelle sneakers might look like they’re from another decade, but they’re the hottest shoes on sale right now. The German sportswear company said that sales of the retro-style shoes are “very strong and growing,” helping increase first-quarter growth at the company, which is still

By Nathaniel Meyersohn, CNN New York (CNN) — Walmart, the largest retailer in the United States, will close all 51 of its health care centers in six states and end virtual health care services, the company said Tuesday. Walmart had made a big push into health care in recent years, opening clinics next to its

By Clare Duffy, CNN New York (CNN) — Ten years after creating a new model for dating apps with its “women make the first move” feature, Bumble is opening the door to men starting conversations on its platform. Bumble is rolling out a new feature called “opening moves” that will let female users set a

By Matt Egan, CNN New York (CNN) — Israel and Iran have been in open conflict. Ukrainian drones have repeatedly attacked Russian oil refineries. And OPEC continues to hold back oil supply. All of these alarming developments raised fears of $4 gas that would hurt the US economy and worsen inflation. Yet that has not

By Samantha Delouya, CNN (CNN) — College campuses across the country have been thrown into disarray by pro-Palestinian demonstrations this month. While the demands among protesters vary at each university, nearly all the demonstrations have called for universities to divest from Israel in some form. But divesting may not be so simple for many academic

By Peter Valdes-Dapena, CNN (CNN) — The National Highway Traffic Safety Administration (NHTSA) is formally investigating Ford’s Blue Cruise hands-free driving system following two fatal crashes. Blue Cruise was first introduced in the 2021 model year and is now available in several models from Ford and Lincoln, the carmaker’s luxury vehicle brand. The investigation specifically

By Amy Gunia and Sania Farooqui, CNN Hong Kong/New Delhi (CNN) — Indian weddings are notoriously elaborate affairs, requiring a multitude of outfit changes for multiple days of festivities. It used to be normal for a family visiting Brij Kishore Agarwal’s sari shop, near the narrow lanes of Chandni Chowk market in India’s Old Delhi, to depart

By Peter Valdes-Dapena, CNN (CNN) — With distracted driving and pedestrian fatalities on the rise, auto industry regulators believe technology can prevent hundreds of deaths and thousands of injuries each year. New rules from the National Highway Traffic Safety Administration will require improved automating braking systems on new cars sold in the United States by

By Oliver Darcy, CNN New York (CNN) — Paramount Global on Monday parted ways with its chief executive, Bob Bakish, in a seismic move that sent reverberations through the media conglomerate as it actively engages in acquisition talks with Skydance Media. In place of Bakish, who led the company since controlling shareholder Shari Redstone reunited

By Nathaniel Meyersohn, CNN New York (CNN) — GNC, the vitamin and dietary supplement chain, has been struggling for years. The brand hopes a new strategy tailored to people taking GLP-1 drugs for weight loss will help draw customers into stores and grow its business. GNC announced Monday that it was adding a dedicated section

By Marshall Cohen, CNN (CNN) — The far-right cable network One America News retracted a story and apologized Monday after it falsely claimed former President Donald Trump’s ex lawyer Michael Cohen was the one who had an affair with adult film star Stormy Daniels and secretly used it to “extort” the Trump Organization. Cohen and

By Brian Fung, CNN Washington (CNN) — The US government has issued millions of dollars in fines to AT&T, Sprint, T-Mobile and Verizon after an investigation found the nation’s top wireless carriers had illegally shared customers’ personal data without their consent. The fines stem from allegations in 2020 by the Federal Communications Commission that for years, the companies had improperly shared users’ geolocation

By Brian Fung, CNN (CNN) — Apple’s iPad will face heightened regulation in the European Union after officials labeled its operating system Monday as a key gatekeeper technology under EU competition law. The European Commission’s formal designation of iPadOS subjects it to tough rules applied to only a handful of other digital platforms controlled by

By Brian Fung, CNN (CNN) — European Union officials are investigating Meta over concerns the company hasn’t done enough to protect upcoming EU elections or to combat foreign disinformation on its platforms, setting up the possibility of steep fines or other penalties. The new probe is focused on Meta’s handling of advertising by scammers and foreign election

By Brian Fung and Jason Carroll, CNN (CNN) — For Cindy Westman, the internet is a literal lifeline. She depends on internet access to care for her 12-year-old daughter — who has cerebral palsy and autism — by messaging doctors, accessing test results and scheduling critical medical appointments virtually. But it’s not easy to stay connected in Westman’s

By Laura He, CNN Hong Kong (CNN) — Elon Musk has made a surprise visit to China as he bids to shore up Tesla’s slumping sales and introduce the carmaker’s self-driving technology in its second biggest market in the face of ferocious competition. His second trip to the country in less than a year included

By John Towfighi, CNN (CNN) — As US supply chains decouple from China, Mexico’s manufacturing sector is emerging as a winner. Manufacturing in Mexico is attractive for companies that experienced pandemic-era supply chain snarls or want to decrease reliance on trade between the US and China amid geopolitical uncertainty. That’s called nearshoring, which is when

By Eva Rothenberg, CNN New York (CNN) — President Joe Biden praised the United Auto Workers and Daimler Truck for reaching a tentative in the eleventh hour Friday night, preventing a potential strike affecting 7,300 workers. “This agreement is a testament to the power of collective bargaining and shows that we can build a clean