Money

By Samantha Murphy Kelly, CNN (CNN) — A group of major record labels is suing two AI startups, alleging they wrongfully used popular artists’ work to train their systems to produce copyrighted music without their consent. The Recording Industry Association of America – the trade group on behalf of labels including Sony Music Entertainment, UMG

By Eva Rothenberg, CNN (CNN) — CDK Global, a retail software provider, has been grappling with a system outage that has paralyzed car dealerships across North America. The system outage has affected thousands of car dealerships, burdening both dealerships and customers. Are you someone who has been affected in some way by the outage? Maybe a customer who

By Jordan Valinsky, CNN New York (CNN) — Hooters is the latest chain to close dozens of locations across the United States, blaming tough economic challenges including rising food and labor costs. “Like many restaurants under pressure from current market conditions, Hooters has made the difficult decision to close a select number of underperforming stores,”

By Kristina Sgueglia, CNN (CNN) — Columbia University says it’s placed three administrators on leave pending a university investigation of a weeks-old incident at an alumni reunion event. The university, which reiterated its commitment to combatting antisemitism, did not share any specifics for the leave. But the Washington Free Beacon and later the Columbia Spectator

By Jeanne Sahadi, CNN New York (CNN) — A new study finds evidence that years prior to a person’s diagnosis of a memory disorder, such as Alzheimer’s or dementia, their financial credit can deteriorate, thanks to late or missed payments, among other things. If someone close to you has a memory disorder, did you witness their

By Diksha Madhok and Joyce Jiang, CNN (CNN) — Huawei is in the midst of one of the most stunning comebacks in the history of the tech industry. The Chinese giant, which has been a flashpoint in the escalating rivalry between Washington and Beijing, says more than 900 million smartphones now use its in-house operating

By Anna Cooban, CNN London (CNN) — European Union regulators have accused Apple of breaking tough new digital competition rules by preventing app developers from freely directing consumers to cheaper services. The European Commission’s preliminary findings stem from an investigation opened in March. If found guilty, the company could face a fine of up to

By Eva Rothenberg, CNN New York (CNN) — Retail software provider CDK Global says it will likely take several days for its software to be back online and operational, as the company grapples with a system outage that has paralyzed nearly 15,000 car dealerships across North America since Wednesday. The data provider’s software, which dealerships use

By Krystal Hur, CNN New York (CNN) — One morning at 6 am, Gyaltsen Moktan woke in a panic. It was 2019. He worked at an all-you-can-eat sushi buffet and was responsible for opening the restaurant each morning. So he set a wakeup call on his iPhone. Then Apple’s “By the Seaside” alarm sound went

By Erika Tulfo, CNN (CNN) — Krispy Kreme’s newest doughnuts celebrate the 30th anniversary of the sitcom “Friends.” But while the show was set in New York, the doughnuts aren’t for sale in NYC – or anywhere else in the US. The new flavors are available only in the UK and Ireland. The decision has

By Chris Isidore, CNN New York (CNN) — Alaska Airlines and its 7,000-member flight attendants union reached a tentative labor deal late Friday, concluding talks that lasted more than a year and a half. Terms of the deal have not been released, though the union called it a “record contract.” The deal likely contains a

By Chris Isidore, CNN New York (CNN) — This was supposed to be the year that air conditioning came to UPS delivery vans. It hasn’t worked out that way. Despite a promise in the contract reached with the Teamsters union last year, UPS has not yet purchased any new vans with AC, even as temperatures

By Parija Kavilanz, CNN New York (CNN) — Decades ago, Americans flocked to Main Street to shop. A string of small family-owned stores stood next to each other along a tree-lined block or two, displaying their goods through large welcoming windows. Then in 1956 something happened that forever changed that shopping experience. A new retailing

By Chris Isidore and Arit John, CNN New. York (CNN) — Teamsters President Sean O’Brien will speak to the Republican National Convention in Milwaukee in July, a sign that former President Donald Trump’s campaign is hoping to peel off the support of union members from President Joe Biden. But unlike other speakers at the RNC,

By Anna Cooban, CNN London (CNN) — French luxury conglomerate LVMH has added a tiny Parisian bistro to its sprawling empire of designer fashion brands, jewelry makers and hotels. The company, owned by Europe’s richest man Bernard Arnault, said Thursday that it had bought a majority stake in Chez L’ami Louis, a 100-year-old restaurant in

By Bryan Mena, CNN Washington (CNN) — Homes in America are the most expensive they’ve ever been, according to one measure. The median price of a previously owned US home climbed for the eleventh consecutive month in May, up 5.8% from a year ago, to $419,300, the National Association of Realtors said Friday. That’s the

By Samantha Murphy Kelly, CNN (CNN) — Apple is banking on its upcoming AI features to boost iPhone sales especially in China, where demand has been lagging. But there’s a problem: ChatGPT — soon to be integrated into Siri — is banned in China. In a presentation earlier this month, Apple (AAPL) showed off its

By Oliver Darcy, CNN (CNN) — The Washington Post said Friday that Robert Winnett, the British journalist who had been slated to take over as the newspaper’s top editor, will no longer join the publication that has been ensnared in a weeks-long crisis over ethics questions. “It is with regret that I share with you

By Jordan Valinsky, CNN New York (CNN) — Amazon is eliminating the use of the puffy plastic air pillows used in delivery boxes, joining other major companies that are cutting their plastic use. The company said it was shipping 15 billion plastic pillows annually, and the changes represent its largest plastic packaging reduction effort in

By Ramishah Maruf and Peter Valdes-Dapena, CNN New York (CNN) — CDK Global is ubiquitous in the auto dealership world – its software is used at 15,000 dealers. Its products handle everything from records to scheduling. Now, thousands of dealerships across the United States and Canada are entering a third day in a near deadlock