Money

By Liam Reilly, CNN (CNN) — John Lansing, the president and chief executive of NPR who led the outlet through the Covid-19 pandemic after taking the helm in 2019, will retire by the end of the year. The move comes just months after the radio network announced a significant budget shortfall and layoffs. “During the

By Tierney Sneed and Marshall Cohen, CNN (CNN) — Far-right TV network One America News and one of its on-air personalities settled a defamation lawsuit brought by a former executive at Dominion Voting Systems, the election technology company that was falsely accused of rigging the 2020 election, according to new court filings. Dominion’s former top

CNN By Allison Morrow, CNN New York (CNN) — Burning Man, the desert confab that descended into chaos over the weekend, isn’t quite the scrappy, free-spirited revelry that it once was. For many watching the disarray of Burning Man from afar, the rain and mud that left 70,000 people stranded quickly became a symbol of

By Allison Morrow, CNN New York (CNN) — Burning Man, the desert confab that descended into chaos over the weekend, isn’t quite the scrappy, free-spirited revelry that it once was. For many watching the disarray of Burning Man from afar, the rain and mud that left 70,000 people stranded quickly became a symbol of the

By Rob Picheta and Catherine Nicholls, CNN London (CNN) — Britain’s second-biggest city effectively declared itself bankrupt on Tuesday, shutting down all nonessential spending after being issued with equal pay claims totaling up to £760 million ($954 million). Birmingham City Council, which provides services for more than one million people, filed a Section 114 notice

By Pete Muntean and Ramishah Maruf, CNN (CNN) — United Airlines delayed more than 300 flights after the FAA lifted a brief ground stop that continued to disrupt the carrier’s service nationwide. On Tuesday afternoon, United Airlines delayed all flights nationwide due to an “equipment outage,” according to an alert from the Federal Aviation Administration.

By Matt Egan, CNN New York (CNN) — Goldman Sachs is increasingly confident that the US economy will stick the soft landing that many thought was nearly impossible to pull off. In a research report published Monday night, Goldman Sachs lowered its estimated chance of a US recession over the next 12 months to just

By Hanna Ziady, CNN London (CNN) — Oil prices hit a new high for the year so far after Saudi Arabia and Russia — the world’s biggest crude exporters — said they would extend output cuts by at least another three months. Brent crude, the global benchmark, gained 1.8% to trade above $90 a barrel,

By Jordan Valinsky, CNN Business New York (CNN) — Soccer superstar Leo Messi’s arrival in America has sparked a surge in ticket prices, apparel and now, streaming subscriptions. MLS Season Pass, which is Apple’s streaming package that broadcasts the soccer matches, experienced 1,690% growth in sign-ups the day Messi first played for his new team

By Michelle Toh, CNN London (CNN) — A who’s who of Big Tech companies is set to invest in one of the most highly anticipated initial public offerings in recent memory, a blockbuster event that could value a British chip designer at as much as $52.3 billion. Arm, which designs chips for 99% of the

By Chris Isidore, CNN New York (CNN) — Warner Bros. Discovery trimmed its full-year earnings guidance for 2023 on Tuesday by $300 million to $500 million because of the continued strike by actors and writers, which has stopped production of most shows and movies. The corporate parent of CNN had previously told investors that it

By Jordan Valinsky, CNN New York (CNN) — Tennis champion Daniil Medvedev is competing at the US Open, but there’s a problem: He can’t watch any of the matches on his TV. The No. 3-ranked player and winner of the 2021 US Open lamented at a post-match press conference Monday that the ongoing dispute between

By Jordan Valinsky, CNN New York (CNN) — X owner Elon Musk is threatening to sue the Anti-Defamation League for defamation, claiming that the nonprofit organization’s statements about rising hate speech on the social media platform have torpedoed X’s advertising revenue. In a post on X, formerly known as Twitter, Musk said US advertising revenue

By Hanna Ziady, CNN London (CNN) — Novo Nordisk has dethroned Bernard Arnault’s luxury goods giant LVMH as Europe’s most valuable company. Shares of the Danish drugmaker have soared 40% so far this year, boosted by an explosion in demand for its weight-loss drugs Wegovy and Ozempic. At the close of trading Monday, Novo Nordisk

By Laura He, CNN Hong Kong (CNN) — Country Garden, the embattled Chinese real estate firm, made late interest payments on two US dollar bonds shortly before the end of a 30-day grace period, avoiding an imminent debt default, according to multiple state media reports. The China Securities Journal reported on Tuesday that the company

By Juliana Liu, CNN Hong Kong (CNN) — A private survey of business activity in China’s services sector fell to its lowest level in eight months in August, as a flurry of economic stimulus measures seemed unable to reignite consumption demand. The Caixin China general services purchasing managers index (PMI) slipped to 51.8 last month

By Reuters (Reuters) — Qantas Airways said on Tuesday that long-serving CEO Alan Joyce would exit the company two months earlier than previously flagged as a reputational turbulence engulfs Australia’s flagship carrier. Joyce’s early retirement will see CEO Designate Vanessa Hudson, the first woman to lead the century-old airline, take charge on Wednesday. The accelerated

By Hanna Ziady, CNN London (CNN) — The UK economy recovered from the Covid-19 pandemic much faster than previously thought, according to major revisions of official statistics that have erased Britain’s laggard status overnight. New data published by the Office for National Statistics Friday showed that by the end of 2021, UK gross domestic product

By Jeanne Sahadi, CNN New York (CNN) — Some big-name employers are signaling they will get tough on enforcing their return-to-office mandates after Labor Day. Last month, Amazon CEO Andy Jassy told employees they were free to disagree with the company’s policy requiring them to be in the office at least three days a week.

By Michelle Toh, CNN London (CNN) — Mercedes-Benz has just unveiled new “close-to-production” concept vehicles that could outdo Tesla cars by going more than 466 miles on a single charge. That’s compared with a range of less than 380 miles for any Tesla model. The German automaker’s Concept CLA Class, revealed Sunday at the IAA