Money

By Anna Bahney, CNN Washington, DC (CNN) — The annual pace of new home construction pulled back last month after soaring in November, despite a historic shortage of housing inventory and falling mortgage rates. Housing starts came down by 4.3% in December compared to the previous month, according to data released Thursday by the Census

By Jordan Valinsky, CNN New York (CNN) — 3M has started sending payments as part of its previously announced $6 billion settlement to resolve almost 300,000 lawsuits alleging that the manufacturing company supplied faulty combat earplugs to the military that resulted in significant injuries, such as hearing loss. Earlier this week, the company announced that

By Hanna Ziady, CNN London (CNN) — Human beings will continue to decide “what should happen in the world” regardless of the rise of artificial intelligence, OpenAI’s Sam Altmann said Thursday at the World Economic Forum in Switzerland. The CEO of the company behind ChatGPT said AI was “good at some things but not good

By Jordan Valinsky, CNN New York (CNN) — Subway’s footlong sandwiches are finally getting sides to match – and the company is hopeful the new menu items will aid in its turnaround efforts. The chain is making a big update (literally) to its menu with the addition of three 12-inch snacks consisting of a chocolate

By Pete Muntean, CNN (CNN) — Boeing says its CEO told workers of Spirit AeroSystems — its subcontractor that builds the 737 Max 9 fuselage — that “we’re going to learn from” this month’s blowout on Alaska Airlines flight 1282. Boeing says CEO Dave Calhoun addressed 200 Spirit AeroSystems employees as part of a town

By Peter Valdes-Dapena, CNN (CNN) — Hertz recently announced it was selling 20,000 electric cars out of its fleet, and replacing them with gasoline vehicles. One reason the company gave was that drivers kept crashing the cars. Hertz CEO Stephen Scherr noted that the costs of repairs of an electric vehicle are also much higher.

By Diksha Madhok, CNN New Delhi (CNN) — Boeing is getting some respite from what has been a month of terrible news. India’s newest airline is purchasing 150 Boeing 737 Max aircraft, in the first major order the troubled planemaker has announced since the dramatic Alaska Airlines incident in which part of the fuselage of a

By Michelle Toh and Wayne Chang, CNN Hong Kong/Taipei (CNN) — Huawei has set up a separate smart car unit, in another stride forward in the Chinese tech giant’s plans to make a splash in the automotive world. The company incorporated Shenzhen Yinwang Intelligent Technology Co Ltd on Tuesday in the southern Chinese city of

By Clare Duffy, CNN New York (CNN) — Former longtime Meta chief operating officer Sheryl Sandberg will not remain on the company’s board of directors after her term ends in May, she said in a Facebook post Wednesday. “With a heart filled with gratitude and a mind filled with memories, I let the Meta board

By Matt Egan, CNN New York (CNN) — Jamie Dimon has a warning for Democrats: Don’t dismiss Trump supporters as people who are exclusively attracted to his personality. Former President Donald Trump was right about some critical issues, the JPMorgan CEO says. “I wish the Democrats would think a little more carefully when they talk about MAGA,” Dimon

By Matt Egan, CNN (CNN) — A growing number of insurers are refusing to cover American, British and Israeli vessels against war risks in the key commercial shipping corridor through the Red Sea as attacks from Houthi rebels continue. The hesitation from insurers comes as US officials have warned American merchant ships to steer clear

By Nicole Goodkind, CNN New York (CNN) — JPMorgan Chase says it has seen a sizable increase in attempts by hackers each day to infiltrate its systems over the last year, highlighting the escalating cybersecurity challenges the bank and other Wall Street titans are facing. JPMorgan Chase, the largest US bank by assets, now invests

By Clare Duffy, CNN New York (CNN) — A federal appeals court has denied Apple’s motion to temporarily pause a ban on imports of advanced models of the Apple Watch and the ban will be reinstated on Thursday, according to a Wednesday court filing. Apple had requested a stay on the ban while it appealed a

By Samantha Murphy Kelly, CNN (CNN) — Samsung’s next-generation flagship Galaxy S24 devices aim to take messaging, photos and games to the next level with artificial intelligence. At its annual Samsung Galaxy Unpacked event on Wednesday, the company showed off its Galaxy S24 Ultra, Galaxy S24+ and Galaxy S24 smartphones, in what it says will

By Anna Cooban, CNN London (CNN) — Barely six weeks into his term, Argentina’s new libertarian, chainsaw-wielding president has laid out his vision on a global stage, assuring the world’s business leaders that his country is their “staunch, unconditional ally.” “I would like to leave a message for all businesspeople here… you are social benefactors,

By Jennifer Hansler, CNN (CNN) — Secretary of State Antony Blinken was forced to change planes to return to Washington from Davos after his plane suffered what the traveling press was told was a critical failure related to an oxygen leak. Blinken and the traveling party boarded the modified Boeing 737 jet in Zurich on

CNN By Anna Bahney, CNN Washington, DC (CNN) — Homebuilder confidence surged in January as mortgage rates continued to trend lower, according to the National Association of Home Builders/Wells Fargo Housing Market Index released Wednesday. Builder confidence in the market for newly built single-family homes surpassed market expectations, climbing seven points to 44 on the

By Anna Bahney, CNN Washington, DC (CNN) — Homebuilder confidence surged in January as mortgage rates continued to trend lower, according to the National Association of Home Builders/Wells Fargo Housing Market Index released Wednesday. Builder confidence in the market for newly built single-family homes surpassed market expectations, climbing seven points to 44 on the index.

By Gregory Wallace, Pete Muntean and Curt Devine, CNN Washington (CNN) — Investigators probing why part of a Boeing 737 Max 9 blew open mid-flight earlier this month have not yet determined if bolts were installed on that piece of the aircraft. National Transportation Safety Board Chairwoman Jennifer Homendy told reporters after a closed-door briefing

CNN By Laura He and Simone McCarthy, CNN Hong Kong (CNN) — China reported a record low birth rate in 2023 as its population shrank for the second year in a row. The trend marked the deepening of a demographic challenge set to have significant implications on the world’s second largest economy. The country recorded