Money

By Yoonjung Seo and Michelle Toh, CNN HYBE, the management agency behind superstar boy band BTS, will become the biggest shareholder of its K-pop rival, SM Entertainment. The move strengthens HYBE’s dominance in South Korea’s music industry, where it is already the biggest player, even as it seeks to expand abroad. The South Korean entertainment

By Anna Bahney, CNN Super Bowl weekend is the unofficial kick-off to the peak spring home buying and selling season, according to many real estate agents. Are you ready? If you’re feeling unsure and confused, you’re not alone. The US housing market is giving off mixed signals: Home prices are falling, but they’re also rising.

By Anna Bahney, CNN Mortgage rates rose this week after four weeks of declines, as a stronger-than-expected jobs report suggested the Federal Reserve would continue hiking its benchmark lending rate in its battle against inflation. The 30-year fixed-rate mortgage averaged 6.12% in the week ending February 9, up from 6.09% the week before, according to

By Jordan Valinsky, CNN Chick-fil-A’s newest sandwich ditches chicken for … cauliflower. The aptly named “Chick-fil-A Cauliflower Sandwich” is being tested in three cities beginning next week, marking the chicken chain’s first-ever plant-based sandwich. Imitating the chain’s signature fried chicken sandwiches, the new offering uses a “tender filet cut” of cauliflower that’s marinated and breaded

By Kate Trafecante, CNN In Bob we trust, Wall Street said Thursday. After reporting a multibillion cost-cutting initiative that sent Disney shares surging, CEO Bob Iger gained a key battle against activist shareholder Nelson Peltz. Peltz, who demanded changes at Disney and a seat on the company’s board, declared defeat after Iger announced many of

By Kara Scannell, CNN A federal judge extended restrictions on Sam Bankman-Fried’s ability to contact former employees of FTX, citing concerns that he could delete text messages and obstruct the government’s investigation. Judge Lewis Kaplan said in a bail hearing Thursday that he was concerned about the delete functions in certain messaging apps, and that

By Chris Isidore, Aditi Sangal and Gregory Wallace, CNN Southwest’s December meltdown was front and center at a Senate Commerce Committee hearing Thursday, but there was little sign that members of Congress were in agreement on steps to take to make sure it wouldn’t happen again. Southwest’s CEO Bob Jordan did not attend, despite an

By Anna Cooban, CNN Netflix has extended its crackdown on password sharing to Canada, New Zealand, Portugal and Spain. Users in these countries will now have to pay to give people they don’t live with access to their account, after similar rules were trialed in Latin America last year. Under the new rules, subscribers to

By Lucy Bayly, CNN First-time applications for unemployment benefits rose last week to 196,000, a slightly higher total than the 190,000 that economists were expecting — but still a historically low number. Despite widely publicized layoffs from tech giants, media companies and the financial sector in recent weeks, the US labor market remains robust after

By Nathaniel Meyersohn, CNN CVS is buying a primary care doctor’s network, moving the pharmacy deeper into providing physician services for patients. The company announced Wednesday that it plans to pay $10.6 billion to acquire Oak Street Health, a primary care provider mainly for adults on Medicare Advantage. Oak Street has 160 health care clinics

By Paul R. La Monica, CNN Artificial intelligence is the latest tech flavor of the month. Industry giants Google, Microsoft and China’s Baidu have all had big AI announcements in recent days, as ChatGPT bot mania is taking the corporate world by storm. All of this AI news has helped boost shares of Baidu, Microsoft