Money

By Matt Egan, CNN New York (CNN) — President Joe Biden decided to block the $14 billion takeover of US Steel by Japan’s Nippon Steel even though some top US officials did not believe there were sufficient national security grounds to kill the deal, a US official told CNN. The controversial decision to block the

Story by Reuters (Reuters) — The US government has sued a unit of Warren Buffett’s Berkshire Hathaway, accusing it of pushing borrowers into unaffordable loans—so customers would buy homes from the company’s manufactured housing business. The U.S. Consumer Financial Protection Bureau filed the lawsuit Monday against Berkshire’s Clayton Homes manufactured housing division. The complaint alleges

By Auzinea Bacon, CNN (CNN) — The attacker who drove a truck through New Orleans’ Bourbon Street on New Year’s Day used Meta smart glasses to scout the scene weeks earlier, according to the FBI. Shamsud-Din Jabbar stayed at a rental home in New Orleans beginning October 30 and wore the smart glasses to record

By Liam Reilly, CNN New York (CNN) — Disney’s Hulu + Live TV service and Fubo will merge, creating one of the country’s largest pay TV providers, the companies announced Monday in a surprise deal that will potentially allow the Venu Sports streaming service to move forward. Under the terms of the agreement, Disney will

By Bryan Mena, CNN Washington (CNN) — Some young Americans had a tough time finding a job last year. Companies were slow to hire in 2024 as workers quit their jobs less frequently, according to government data — a far cry from the red-hot job market in the aftermath of the pandemic. Economists referred to

By Chris Isidore, Matt Egan and David Goldman, CNN New York (CNN) — US Steel and Nippon, whose $14.3 billion merger was blocked by President Joe Biden last week, filed a lawsuit against the US government Monday, claiming Biden’s executive order to bar the companies from combining was signed for “purely political reasons.” “Today’s legal

By David Goldman, Ella Nilsen and Matt Egan, CNN (CNN) — President Joe Biden on Monday announced an executive action that will permanently ban future offshore oil and gas development in parts of the Atlantic and Pacific oceans in a way that could be especially difficult for the incoming Trump administration to undo. Biden’s executive

By Junko Ogura and Juliana Liu, CNN Tokyo/Hong Kong (CNN) — Nippon Steel, whose multibillion-dollar proposal to buy struggling US Steel was blocked by President Joe Biden last week, says it is considering taking legal action against the US government. “We are considering this as an important option,” Tadashi Imai, president of Nippon Steel, told

CNN By Associated Press (AP) — New York’s new toll for drivers entering the center of Manhattan debuted Sunday, meaning many people will pay $9 to access the busiest part of the Big Apple during peak hours. The toll, known as congestion pricing, is meant to reduce traffic gridlock in the densely packed city while

By Associated Press (AP) — New York’s new toll for drivers entering the center of Manhattan debuted Sunday, meaning many people will pay $9 to access the busiest part of the Big Apple during peak hours. The toll, known as congestion pricing, is meant to reduce traffic gridlock in the densely packed city while also

By Alexandra Skores, CNN (CNN) — United Airlines flights will have access to Elon Musk’s Starlink Wi-Fi services as early as this spring, a sign of the widening reach of the tech billionaire. United will begin testing Starlink in February, and its first commercial flight with the service will launch this spring on the airline’s

By Chris Isidore, CNN New York (CNN) — At 5 p.m. PT on January 5, 2024, Boeing seemed like a company on the upswing. It didn’t last. Minutes later, a near-tragedy set off a full year of problems. As Alaska Airlines flight 1282 climbed to 16,000 feet in its departure from Portland, Oregon, a door

By Auzinea Bacon, CNN (CNN) — Amit Yoran, the CEO and chairman of cybersecurity firm Tenable Holdings, died Friday after a battle with cancer, according to a company announcement. He was 54. “Amit was not only a visionary leader but also a guiding force who profoundly impacted our industry, our company, our culture, and our

By Jon Passantino and Brian Stelter, CNN New York (CNN) — Pulitzer Prize-winning cartoonist Ann Telnaes announced Friday she had resigned from The Washington Post after the newspaper refused to publish a satirical cartoon depicting billionaire Post owner Jeff Bezos on bended knee in front of President-elect Donald Trump. Talnaes, who had been with The

By Chris Isidore, CNN New York (CNN) — A strike by the ski patrol at Park City Resort, North America’s largest ski area by acreage, has shut a majority of the Utah resort for more than a week at its busiest time of the year. Mediated talks took place again Friday between Vail Resorts, which

By Allison Morrow, CNN New York (CNN) — Meta promptly deleted several of its own AI-generated accounts after human users began engaging with them and posting about the bots’ sloppy imagery and tendency to go off the rails and even lie in chats with humans. The issue emerged last week when Connor Hayes, a vice

By Ella Nilsen and Matt Egan, CNN (CNN) — President Joe Biden is expected to permanently ban future offshore oil and gas development in parts of the Atlantic and Pacific oceans in a way that could be especially difficult for the incoming Trump administration to undo. Biden’s planned executive order will invoke the 1953 Outer

By Auzinea Bacon, CNN (CNN) — After separate deadly New Year’s Day incidents in New Orleans and Las Vegas involving vehicles from Turo, the company’s CEO on Friday said there were no “red flags” about the drivers who used the peer-to-peer car-sharing service. In an interview with CNBC, CEO Andre Haddad said the alleged attacker

By Jordan Valinsky, CNN New York (CNN) — Friday’s warning from the US surgeon general that alcohol is a “well-established, preventable cause of cancer” is perhaps a wakeup call for millions of Americans, but it’s the worst-case scenario that many beer and spirits companies have been preparing for over the years. Major brewers, including Molson

By Alexandra Skores, CNN The US Department of Transportation has penalized JetBlue Airways $2 million over delayed flights, the first time the department has penalized an airline for delays. According to the DOT, $1 million of the fine will go to JetBlue customers affected by delays or disruptions within the next year. The other half