California law raises minimum wage for fast food workers
By Danielle Wiener-Bronner, Natasha Chen and Jack Hannah, CNN New York (CNN) — California is raising the minimum wage for fast food workers,…
Continue ReadingMoney
He allegedly forged documents at an Iowa bank that led to a bankruptcy. He still became an executive at another bank
By Bryan Mena and Elisabeth Buchwald, CNN (CNN) — The Federal Reserve on Thursday admonished Tanner Winterhof, a former executive at VisionBank…
Continue ReadingChinese artists boycott big social media platform over AI-generated images
By Berry Wang and Jessie Yeung, CNN Hong Kong (CNN) — Artists across China are boycotting one of the country’s biggest social media platforms…
Continue ReadingNetflix shutters its DVD rental business, marking the end of the red envelope era
By Samantha Murphy Kelly, CNN Business (CNN) — Netflix will send out its last red envelope on Friday, marking an end to 25 years of mailing…
Continue ReadingGirl Scouts not immune to inflation: Cookie prices are going up
By Danielle Wiener-Bronner, CNN New York (CNN) — Girl Scout cookies are getting more expensive. In some places, at least. At least one New York…
Continue ReadingEpic Games to lay off 16% of its workforce
By Clare Duffy, CNN (CNN) — Epic Games, the maker of Fortnite, said on Thursday that it will lay off 16% of its staff, around 830 employees, as…
Continue ReadingJets ticket prices are surging on reports Taylor Swift is going to the game
By Jordan Valinsky, CNN Business New York (CNN) — Taylor Swift is so powerful that people are willing to pay for New York Jets tickets. News…
Continue ReadingUS mortgage rates climb to 7.31%, hitting their highest level in nearly 23 years
By Anna Bahney, CNN Washington, DC (CNN) — US mortgage rates surged to their highest level in nearly 23 years this week as inflation pressures…
Continue ReadingPending home sales plunged last month as mortgage rates hit 20-year highs
By Anna Bahney, CNN Washington, DC (CNN) — US pending home sales dropped 7.1% in August from the month prior as mortgage rates surging over 7% in…
Continue ReadingYelp sues Texas to defend its labeling of crisis pregnancy centers
By Brian Fung, CNN Washington (CNN) — Yelp is suing Texas to ensure it can continue to tell users that crisis pregnancy centers listed on its…
Continue ReadingUS consumer spending was much weaker in the second quarter than previously estimated
By Bryan Mena, CNN Washington, DC (CNN) — The Commerce Department’s final revision of second-quarter gross domestic product, the broadest…
Continue ReadingBusiness community speaks out after Target blames crime for store closures
By Matt Egan, CNN New York (CNN) — Business leaders are expressing alarm after Target became the latest retailer to blame crime for pulling the…
Continue ReadingPeloton shares rise following a partnership with former foe Lululemon
By Jordan Valinsky, CNN New York (CNN) — Peloton and Lululemon, former foes, are teaming up together. The fitness companies announced a…
Continue Reading5 takeaways from America’s landmark lawsuit against Amazon
By Brian Fung, CNN Washington (CNN) — An antitrust lawsuit from 17 states and the Federal Trade Commission this week against Amazon represents…
Continue ReadingTrump is attacking electric vehicles. Automakers already bet their future on them
By Nathaniel Meyersohn, CNN New York (CNN) — The auto industry has announced more than $100 billion in electric car investments, creating more…
Continue ReadingNational Coffee Day deals: Free drinks at Dunkin’, Krispy Kreme and more
By Jordan Valinsky, CNN New York (CNN) — For tired workers, this Friday is arguably the best day of the year: It’s National Coffee Day.…
Continue ReadingTyson and Perdue under investigation by Department of Labor
By Danielle Wiener-Bronner, CNN New York (CNN) — The Department of Labor is investigating meat and chicken processors Perdue and Tyson Foods…
Continue ReadingEvergrande says its chairman is suspected of crimes
By Laura He and Mark Thompson, CNN Hong Kong/London (CNN) — Embattled Chinese developer Evergrande Group said Thursday that Chinese authorities…
Continue ReadingStriking actors and Hollywood studios to restart talks days after writers announce a new tentative labor contract
By Jon Passantino, CNN (CNN) — Striking actors and the Hollywood studios will resume negotiations on a new labor contract on Monday, SAG-AFTRA,…
Continue ReadingUber announces chipmaker executive as new chief financial officer
By Samantha Delouya, CNN (CNN) — Uber is getting a new chief financial officer. The rideshare company announced Wednesday that Prashanth…
Continue Reading