Money

By Krystal Hur, CNN New York (CNN) — Bill Ackman, billionaire hedge fund manager and chief executive of Pershing Square Capital Management, is seeking $2 billion to take the company’s investment fund public. That’s significantly less than what Ackman said he had hoped to raise for his new fund — a rare opportunity for the

By Hannah Rabinowitz and Evan Perez, CNN (CNN) — The Justice Department said Tuesday it filed a civil lawsuit against Norfolk Southern, alleging the company knowingly created large delays for Amtrak passengers traveling between New York and New Orleans. Though federal law requires Norfolk Southern freight trains to allow Amtrak passenger trains to proceed first, the Justice Department alleges

By Clare Duffy, CNN New York (CNN) — OpenAI stunned users when it demonstrated an updated voice mode for the most advanced version of ChatGPT earlier this year. Far from the kind of robotic voice that people have come to associate with digital assistants like Alexa or Siri, the ChatGPT advanced voice mode sounds remarkably

By Chris Isidore, CNN New York (CNN) — Tesla CEO Elon Musk says anyone who doubts how valuable robotaxis will make the company should test drive its latest self-driving car. A Wall Street analyst did just that – and said the car almost crashed. The experience of WIlliam Stein, an analyst with Truist Securities, is not

By Chris Isidore, CNN New York (CNN) — Delta Air Lines’ service meltdown, which led to thousands of cancelled flights and a half million stranded customers, cost the company hundreds of millions of dollars. And now it wants Microsoft and the cybersecurity firm that caused the problem to compensate it for at least some of

By Erika Tulfo, CNN (CNN) — A Starbucks app outage on Tuesday left customers unable to place a mobile order, delaying caffeine fixes for millions of coffee lovers until the app returned to service later in the day. “Earlier today, some customers were briefly unable to access the mobile order and pay feature in the

By Ramishah Maruf, CNN New York (CNN) — A US safety regulator announced Tuesday that it voted unanimously to hold Amazon responsible for faulty or unsafe products sold by third-parties on its website and app. The US Consumer Product Safety Commission, tasked with ordering companies to recall dangerous products sold in America, said it found

By Jeanne Sahadi, CNN New York (CNN) — The fees parents pay to make online deposits into their children’s school lunch accounts are under scrutiny at the Consumer Financial Protection Bureau, which found that some parents may pay up to 60 cents in fees for every dollar they deposit. And those fees can add up

By Alicia Wallace, CNN (CNN) — Job opportunities are slowly disappearing in the US, and hiring has screeched to its slowest pace in a decade (aside from the pandemic plunge). That’s making more workers hold tight to the job they’ve already got. The good news: Those jobs don’t appear to be nearing the chopping block.

By Hanna Ziady, CNN London (CNN) — Diageo, one of the world’s biggest drinks makers, has reported its first drop in sales since the pandemic, as cash-strapped consumers cut back on spending. The maker of Johnnie Walker whisky, Casamigos tequila and Guinness beer is the latest consumer business to report a hit to sales as

By Anna Cooban, CNN London (CNN) — Air New Zealand has ditched a key target to reduce its carbon emissions by 2030, citing delays in deliveries of new fuel-efficient aircraft and costly low-carbon jet fuels. The airline said in a statement on Tuesday that it had been hamstrung in recent months by “the availability of new

By Elisabeth Buchwald, CNN New York (CNN) — While inflation in the US has been cooling since hitting a four-decade high, the temperature outside continues to climb. It’s been one of the hottest summers on record for much of the country and the planet, which last week experienced the hottest day in recorded history. But

By Nathaniel Meyersohn, CNN New York (CNN) — Lululemon thought it had developed its next hit. But after its new leggings became the butt of endless jokes, the company will have to leave them behind. Lululemon pulled its newly-released $98 Breezethrough leggings line from its website and app after negative reviews and customer complaints about

By Matt Egan, CNN New York (CNN) — As vice president, Kamala Harris was a leading player in a remarkably progressive Biden administration that fought mergers, battled Big Tech and called out corporate greed. As the presumptive Democratic nominee for president, Harris finds herself in the middle of a tug-of-war as she crafts her own economic

By Clare Duffy, CNN New York (CNN) — Remember the universal childhood experience of writing a fan letter to someone you admire? (Mickey Mouse, I hope you still have that note I gave you at Disneyland in 1999.) Well, a new Google ad says artificial intelligence can now do that for you. It’s not going

By Liam Reilly, CNN (CNN) — Olympics commentator Bob Ballard was dropped from Eurosport, the European pay TV company, on Monday after the veteran sportscaster made sexist comments about the Australian women’s swim team. Following the conclusion of Saturday 4×100 meter freestyle relay, during which Team Australia won the gold medal, Ballard commented on the team’s

CNN By Matt Egan, CNN New York (CNN) — The dream of homeownership feels out of reach for many American families. The vast majority (86%) of current renters in the United States say they would like to buy a home — but can’t afford one, according to a CNN poll conducted by SSRS released Monday.

By Niamh Kennedy and Pauline Lockwood, CNN London (CNN) — Former BBC News presenter Huw Edwards has been charged with three counts of making indecent images of children, London’s Metropolitan Police said Monday. The charges related to images allegedly shared on WhatsApp, a police spokesperson said. Police charged Edwards, a former anchor of the BBC’s

By David Goldman, CNN (CNN) — Inflation has caught up with McDonald’s, and budget-conscious Americans are looking elsewhere for their fast-food fix. But McDonald’s believes it has a solution: Value meals. McDonald’s on Monday reported that sales at US stores open at least a year fell 0.7% last quarter from the same period a year

By Matt Egan, CNN New York (CNN) — The dream of homeownership feels out of reach for many American families. The vast majority (86%) of current renters in the United States say they would like to buy a home — but can’t afford one, according to a CNN poll conducted by SSRS released Monday. Among