Money

By Danielle Wiener-Bronner, CNN New York (CNN) — For about a year and a half, Coca-Cola has experimented with limited-edition beverages that have mystery tastes — most of them with vague, futuristic concepts and undisclosed flavors. The latest one, Coca-Cola Y3000, fits the bill. The one distinction: It’s supposed to taste like the future. Fittingly,

By Laura He, CNN Hong Kong (CNN) — Alibaba Group will embrace artificial intelligence (AI) and promote younger people to senior management, its new CEO says, as the e-commerce and cloud giant tackles its most ambitious restructuring in its history. “Times are changing, and so must Alibaba!” Eddie Wu, who stepped into the chief executive

By Laura He, CNN Hong Kong (CNN) — One of China’s most popular livestreamers has offered a teary apology after getting into a viral online spat in which he questioned whether a viewer had been working “hard enough” to make enough money to afford a product he was selling. The backlash highlighted the ongoing economic

By Oliver Darcy, CNN (CNN) — Walter Isaacson’s highly anticipated biography on Elon Musk is hitting shelves on Tuesday — and he is already walking back a major claim. Isaacson reported in his book that Musk had abruptly turned off Ukraine’s access to his Starlink satellite internet system last year just as the country was

By Kathleen Magramo Hong Kong (CNN) — Philippine Nobel Peace laureate Maria Ressa was acquitted of tax evasion Tuesday, according to her news site Rappler, in the latest legal victory for the veteran journalist. Ressa and Rappler are now cleared of all five tax-related charges filed during the administration of former President Rodrigo Duterte, according

By Chris Isidore, CNN New York (CNN) — United Auto Workers President Shawn Fain denied Monday the broad economy will be hurt if his union goes on strike against the nation’s three unionized automakers as soon as this week, saying the only ones that will be hurt by a work stoppage is are the “billionaire

CNN By Chris Isidore and Vanessa Yurkevich, CNN Detroit (CNN) — With less than a day to go before labor contracts expire at General Motors, Ford and Stellantis, the only certainty is that all 145,000 United Auto Workers at those companies will not strike on Friday. But there’s a good chance at least some of

By Catherine Thorbecke, CNN (CNN) — Threads, the much-hyped social media app from Facebook-parent Meta, is taking heat for blocking searches for “coronavirus,” “Covid,” and other pandemic-related queries. The tech giant’s decision to block coronavirus-related searches on its service comes as the United States deals with a recent uptick in Covid-19 hospitalizations, per CDC data,

By Samantha Delouya, CNN (CNN) — DraftKings issued an apology Monday after offering a 9/11-themed bet in its app. The wager, bearing the title “Never Forget,” was a parlay bet that the New York Mets, New York Yankees and New York Jets would win their respective games on Monday, September 11, according to a screenshot

By Andi Babineau and Natasha Chen, CNN (CNN) — MGM Resorts has shut down some of its systems as a result of a “cybersecurity issue,” according to a company social media post on Monday. Late Tuesday, the company posted an update, saying that its resorts’ dining, entertainment, and gaming “are currently operational.” The statement also

By Oliver Darcy, CNN (CNN) — Disney and Charter Communications announced on Monday that the companies had struck a “transformative agreement” to end a closely watched carriage dispute, a move that will restore access to channels like ESPN and ABC to the nation’s second largest cable television provider’s nearly 15 million subscribers. As part of

By Matt Egan, CNN New York (cnn) — Fueled by a resurgent stock market and rising home values, US household wealth hit a record $154.3 trillion during the second quarter of this year, according to federal data. Consumer wealth has now completely recovered from the recent inflation-driven drop in stock prices and real estate holdings.

By Catherine Thorbecke, CNN New York (CNN) — Tesla’s Dojo supercomputer could fuel a $500 billion jump in the electric vehicle maker’s market value, analysts at Morgan Stanley said in a note Monday. Shares of Tesla jumped more than 6% during early trading Monday morning, on the heels of the rosy prediction from Morgan Stanley’s

By Paul Glader, CNN (CNN) — Bill Gates went to see Elon Musk in 2022, hoping to convince the fellow billionaire to give away more of his money – the way the Microsoft founder had. The meeting went sideways, according to Walter Isaacson’s new biography, “Elon Musk,” which hits stores Tuesday. CNN obtained an early

By Jordan Valinsky, CNN Business New York (CNN) — Hostess, the maker of Twinkies and Ho Hos, is being purchased by J.M. Smucker in a $5.6 billion deal. The two companies announced the transaction Monday, with the jelly maker saying that the purchase expands Smucker’s offerings of “beloved brands in growing categories and accelerates its

By Olesya Dmitracova, CNN London (CNN) — Mounting climate risks, illustrated by the extreme heat, wildfires and floods that ravaged parts of Europe this summer, could hurt the region’s economy as soon as this year, the European Commission warned Monday. In its latest economic forecast, the European Union’s executive arm downgraded its predictions for growth

By Jordan Valinsky, CNN New York (CNN) — Instacart’s latest valuation is tens of billions of dollars below what the company was once worth just a year ago, as the company attempts an initial public stock offering in a challenging climate for online delivery. The grocery delivery company revealed in an updated IPO filing that

By Jennifer Korn and Marie Barbier, CNN New York (CNN) — The iPhone redefined the term “cell phone.” Apple’s trademark product revolutionized the mobile phone industry, shifting from flip phones and keyboards to large screens and powerful cameras. With 1.2 billion units reportedly sold, the iPhone is arguably the most popular tech device in the

By Anna Cooban, CNN London (CNN) — BMW announced Monday that it would invest £600 million ($750 million) in building two new electric versions of the Mini in the United Kingdom. Production of the three-door Mini Cooper and the Mini Aceman, a compact crossover, is due to begin at BMW’s factories in Oxford and Swindon

CNN By Michelle Toh and Mihir Melwani, CNN Hong Kong (CNN) — President Joe Biden left Vietnam Monday after a visit that deepened economic ties between Washington and Hanoi as part of efforts to reduce America’s reliance on China. The former foes formally upgraded diplomatic ties to a “comprehensive strategic partnership,” a symbolic yet highly