Money

By Samantha Delouya, CNN (CNN) — Hasbro is slashing nearly 20% of its workforce amid an ongoing slump in toy sales. Hasbro CEO Chris Cocks announced layoffs for 1,100 workers in a Monday memo to employees, cuts which come in addition to the roughly 800 jobs eliminated earlier this year. Cocks said the decision to

By Liam Reilly, CNN (CNN) — Digital publisher The Arena Group, which operates household brands such as Sports Illustrated and The Street, fired its chief executive on Monday amid a larger C-suite bloodbath, a spokesperson for the company told CNN. A spokesperson for The Arena Group declined to go into further detail to explain the

CNN By Clare Duffy, CNN New York (CNN) — A day after Elon Musk restored the X accounts of notorious right-wing conspiracy theorist Alex Jones and his website, Infowars, the platform is actively promoting Jones’ account to other users, giving the fringe figure a major platform to air his deceptive and dangerous views. Conspiratorial posts

By Clare Duffy, CNN New York (CNN) — A day after Elon Musk restored the X accounts of notorious right-wing conspiracy theorist Alex Jones and his website, Infowars, the platform is actively promoting Jones’ account to other users, giving the fringe figure a major platform to air his deceptive and dangerous views. Conspiratorial posts from Jones’

By Liam Reilly, CNN (CNN) — Hannah Giles, the chief executive of Project Veritas, said Monday she has stepped down from her role at the right-wing group “effective immediately,” after discovering evidence that the organization has engaged in “past illegalities.” “Though I had high hopes when I joined the organizations, I stepped into an unsalvageable mess — one

By Harmeet Kaur, CNN (CNN) — If you turned to Google these past few months to make sense of the Israel-Hamas war, you aren’t alone. The tech giant released its 2023 Year in Search on Monday, and the data indicates that people around the world sought out information around Hamas’ October 7 attack on Israel

By Oliver Darcy, CNN (CNN) — The National Football League is in an uncomfortable position. The sports and entertainment juggernaut is in talks to renew its $100 million deal with Elon Musk’s troubled social media platform, X, formerly known as Twitter, The Wall Street Journal reported in November. But Musk’s unhinged behavior and the surge in

By Brian Fung, CNN Washington (CNN) — Elon Musk has asked the Supreme Court to weigh in on whether the Securities and Exchange Commission violated the Tesla CEO’s free-speech rights when it required, as part of a 2018 settlement, that some of his social media posts be vetted in advance. The petition appeared on the

By Catherine Thorbecke, CNN New York (CNN) — Microsoft says it’s giving labor leaders a seat at the table for discussions about the development and implementation of artificial intelligence technology. The software giant, which is a major investor in ChatGPT-maker OpenAI, said on Monday that it struck a deal with the AFL-CIO to create an

By Eva Rothenberg and Matt Egan, CNN New York (CNN) — Claudine Gay, Harvard University’s embattled president, has strong institutional backing as she faces a flurry of criticism over her handling of alleged antisemitism at one of the nation’s most prestigious universities. In a letter to school officials, the Executive Committee of the Harvard Alumni

By Hanna Ziady, CNN London (CNN) — The most disadvantaged people in the United Kingdom are no better-off than they were 15 years ago, according to a new report, which finds a “yawning gap between those who can get by and those stuck at the bottom.” The grim conclusion about inequality in one of the

CNN By Matt Egan, CNN New York (CNN) — Billionaire Len Blavatnik is joining the list of frustrated Harvard donors closing their checkbooks to the university. Blavatnik’s family foundation has suspended donations to Harvard in the wake of President Claudine Gay’s disastrous testimony before Congress, a person familiar with the matter confirmed to CNN. Blavatnik,

By Jordan Valinsky, CNN New York (CNN) — Soho House has become so popular that it’s no longer admitting new members to access its clubs in three cities as it deals with complaints of overcrowding. Beginning in 2024, people looking to secure an annual membership — which can cost as much as $5,000 — will

By Chris Isidore and Nathaniel Meyersohn, CNN New York (CNN) — Shares of Macy’s soared more than 17% early Monday on a Wall Street Journal report that the iconic 165-year old retailer closely associated with the holiday season might itself be bought. The report said the offer, which would pay shareholders a 32% premium above

By Samantha Murphy Kelly, CNN (CNN) — At a demo hall inside Apple’s headquarters after he unveiled the Vision Pro mixed reality headset in June, CEO Tim Cook smiled for pictures as he stood near the company’s newest product, taking one of 2023’s biggest risks. Apple kept the Vision Pro mostly out of onlookers’ hands

By Eva Rothenberg, CNN New York (CNN) — The Executive Committee of Harvard University’s Alumni Association on Monday announced their unreserved support for President Claudine Gay. The group’s backing comes as the Harvard Corporation, one of the governing bodies running the university, is expected to announce a decision on the fate of Gay on Tuesday,

By Laura He, CNN Hong Kong (CNN) — While many central banks around the world are still trying to cool inflation, China is grappling with falling prices. The Consumer Price Index (CPI) dropped 0.5% in November on an annual basis, the biggest fall since the depths of the pandemic three years ago, according to data

By Sergio Padilla, CNN New York (CNN) — Spotify made a name for itself in the audio-streaming business through its hyper-personalized user experience, thanks to artificial intelligence and a team of 9,800 staffers at the end of 2022. But after three rounds of layoffs in one year: 590 positions in January, 200 in June, and another 1,500 this week, Spotify’s investments

By Eva Rothenberg, CNN New York (CNN) — Now that Liz Magill has stepped down as president of the University of Pennsylvania, the spotlight has turned to her counterpart from Harvard University, Claudine Gay. “One down. Two to go,” Republican Rep. Elise Stefanik of New York wrote on X, formerly known as Twitter, with the