Money

By Brian Fung, CNN Washington (CNN) — Meta has begun to remove news content from Facebook and Instagram in Canada, the social media giant said Tuesday, in response to recently passed legislation in the country that requires tech companies to negotiate payments to news organizations for hosting their content. As a result of the move

By Chris Isidore, CNN New York (CNN) — Since Sunday, Mark Roper, a truck driver for 32 years, has been out of a job, along with 30,000 of his fellow workers at now-defunct transportation company Yellow. Roper, who turns 59 in October, said he’s not ready to retire and has already started applying for jobs

By Catherine Thorbecke, CNN New York (CNN) — Amazon’s virtual clinic is now available in all 50 states and Washington, D.C., the company announced on Tuesday. Amazon Clinic launched last November and offers customers 24/7 access to third-party health-care providers directly on Amazon’s website and mobile app. With the service, Amazon customers can receive telehealth

By Peter Valdes-Dapena, CNN Business (CNN) — The National Highway Traffic Safety Administration is investigating new Tesla Model 3 sedans and Model Y SUVs for a possible steering problem. The apparent issue could involve as many as 280,000 cars, according to a document on NHTSA’s auto safety website. The agency is aware of 12 complaints

By Alicia Wallace, CNN Minneapolis (CNN) — Bit by bit, the US labor market is settling down from the rolling boil of the past three years: The number of job openings dipped to its lowest point in more than two years, according to data from the Bureau of Labor Statistics released on Tuesday. The latest

By Jordan Valinsky, CNN New York (CNN) — CVS is laying off about 5,000 employees in a cost-cutting effort, the pharmacy chain confirmed Tuesday. Reductions will occur in “non-customer facing positions,” primarily affecting its corporate staff, according to a statement given to CNN. CVS said it is “evolving to adapt to new consumer health needs

By Jordan Valinsky, CNN New York (CNN) — Bud Light’s decline is benefiting one of its biggest rivals. Molson Coors, brewer of Miller Lite and Coors Light beers, reported Tuesday its single best quarter of revenue since its 2005 merger, as drinkers continue to shift their allegiance away from the Anheuser Busch-made beer. In a

By Catherine Thorbecke, CNN New York (CNN) — Uber has reported that its revenue ticked up 14% last quarter, marking a slower pace of growth than recent quarters when sales surged as riders returned to pre-pandemic habits. The company on Tuesday reported revenue of $9.2 billion for the quarter ending in June, a 14% increase

By David Goldman, CNN New York (CNN) — America’s ban on incandescent light bulbs, 16 years in the making, is finally a reality. Well, mostly. A rule issued in 2007, rolled back by the Trump administration, and updated last year by the Biden administration, effectively bans the sale of common incandescent light bulbs. The rule

By Brian Fung, CNN Washington, DC (CNN) — Twitter has sued the Center for Countering Digital Hate, a nonprofit group that has criticized the company’s handling of hate speech, following through on a litigation threat that had been publicly revealed just hours before. The lawsuit filed Monday in San Francisco federal court accuses CCDH of

By Parija Kavilanz, CNN New York (CNN) — A month after Overstock.com announced it bought Bed Bath & Beyond’s brand out of bankruptcy, the company has dumped its name and morphed its website and app. On Tuesday, Overstock’s website relaunched as BedBathandBeyond.com, a move that merges Overstock’s online business model and merchandise categories with popular

By Anna Cooban, CNN London (CNN) — The owner of Regal cinemas announced Tuesday that it had emerged from Chapter 11 bankruptcy after slashing billions off its debts, just as smash hits “Barbie” and “Oppenheimer” give the movie theater industry a much-needed lift. UK-based Cineworld, the world’s second largest theater chain behind AMC (AMC), filed

By Laura He, CNN Hong Kong (CNN) — Plunging sales of new homes and the reported cancellation of a share placement by China’s biggest property developer on Tuesday underscored the depth of the country’s real estate crisis. Reports that Country Garden had abruptly pulled an attempt to raise $300 million by issuing new shares in

By Michelle Toh, CNN Hong Kong (CNN) — HSBC’s profits have soared as it continues to cut costs and cash in on high interest rates around the world. Europe’s biggest bank said Tuesday that pre-tax profit grew by $4.1 billion to $8.8 billion in the second quarter compared to the same time a year before.

By Reuters Hong Kong’s stock exchange will no longer require companies to spell out China-related business risks in listing applications from Tuesday, in a move that aligns the city more closely with disclosure changes ordered by Beijing. In its latest revision to listing rules, the bourse repealed a whole section focusing on risks from China’s

By Elizabeth Joseph, CNN (CNN) — Officials from the San Francisco Department of Building Inspection on Monday morning observed that the new “X” on top of the building formerly known as Twitter’s headquarters was being dismantled, according to Patrick Hannan, the department’s spokesman. The news comes after the company was issued a notice of violation

By Peter Valdes-Dapena, CNN Business New York (CNN) — Ford has recalled more than 870,000 of its full-sized F-150 trucks because the electronic parking brake could engage unexpectedly at any time, including while the vehicle is being driven. That could cause a loss of control and possibly a crash. The recall, posted to the National

By Eva Rothenberg, CNN (CNN) — AMC Theaters (AMC) hit a revenue record last week, driven by the overwhelming success of the “Barbenheimer” pop culture craze. In a news release on Sunday, the world’s largest theater chain announced that from July 21-27, it earned its largest single-week admissions revenue since the company’s founding in 1920.