CNN reporter breaks down why union members rejected proposed Boeing contract | CNN Business
Approximately 33,000 union members at Boeing began striking on Friday after they overwhelmingly rejecting a proposed four-year contract with the troubled aircraft manufacturer. CNN’s Vanessa Yurkevich reports.
China fines PwC a record $62 million for its role in the Evergrande collapse | CNN Business
Chinese regulators have hit PwC’s auditing unit in mainland China with a six-month business suspension and a record fine of 441 million yuan ($62 million) over the firm’s audit of troubled property developer China Evergrande Group.
Secret Murdoch succession fight to remain sealed as judge rejects media petition for access | CNN Business
A Nevada judge has ruled that billionaire media mogul Rupert Murdoch and his family can hold a secret court battle over the future of his vast media empire behind closed doors.
ChatGPT maker says its new AI model can reason and think ‘much like a person’ | CNN Business
OpenAI has unveiled a new artificial intelligence model that it says can “reason” and solve harder problems in science, coding and math than its predecessors.
Sam Altman’s lesser-known crypto project wants to scan the world’s eyeballs | CNN Business
If the AI that Sam Altman is building works, it’ll eventually break the global economy (in a good way, he hopes). And when that happens, he’s got another project, Worldcoin, in the works to help fix it.
Right-wing influencers say they were dupes in an alleged Russian influence operation. They’re keeping their millions, for now | CNN Business
Where did the money go? The right-wing social media stars who were allegedly paid millions in a nefarious Russian influence operation are remaining mum.
The most well-known recession indicator stopped flashing red, but now another one is going off | CNN Business
For much of the last two years, the 2-year US Treasury yield has traded above the 10-year yield. When that happens, it historically has meant a recession is looming. So you’d think that investors and
America’s stores are winning the war on shoplifting | CNN Business
A year ago, America’s stores declared a shoplifting epidemic. They closed stores in major cities, hired extra security, locked up key merchandise and declared big losses in their financial statements.
Boeing strike 2024: IAM union members set to strike early Friday after vote against proposed deal | CNN Business
Union members at Boeing overwhelmingly rejected a proposed a four-year contract with the troubled aircraft manufacturer, authorizing the first strike at the company in 16 years, said the International
South Korea’s Hyundai and US’ GM to work together on developing new cars | CNN Business
Hyundai and General Motors (GM) have agreed to look for ways to work together on developing new vehicles, supply chains and technologies in an effort to cut costs and move more quickly.
Smartmatic’s case against Newsmax over 2020 election lies will proceed to trial this month, judge rules | CNN Business
A major defamation case against Newsmax will proceed to trial later this month, a judge ruled Thursday, dealing a blow to the right-wing network and setting the stage for the 2020 election to be relitigated during the final stretch of the 2024 race.
China could soon have more pets than toddlers. Why that’s a headache for Beijing | CNN Business
Married for seven years, Hansen and his wife Momo care for six little ones at their apartment in downtown Beijing.
Nearly half of US renters spend more than 30% of their income on housing costs | CNN Business
Nearly half of all renter households in the US were cost-burdened in 2023, meaning they paid more than 30% of their income towards housing costs, according to new government data.
Is America’s housing crisis determining how you vote this November? | CNN Business
It’s hard to overstate how tough it has become for millions of Americans to purchase a home — a cornerstone of the so-called American Dream.
American Airlines flight attendants ratify new contract with the carrier | CNN Business
American Airlines flight attendants have ratified a new five-year contract with the airline, the Association of Professional Flight Attendants (APFA) said on Thursday.
Wells Fargo stock drops after US regulator issues enforcement action for money laundering | CNN Business
The Office of the Comptroller of the Currency, a top banking regulator in the United States, said Thursday it has issued an enforcement action against Wells Fargo due to deficiencies in its risk management practices.
Federal judge allows prediction market Kalshi to offer betting on upcoming US elections | CNN Business
A federal judge cleared the way on Thursday for legal political gambling in the United States, rejecting a federal watchdog’s last-minute effort to delay a prediction market from offering bets on the November elections.
Retail credit card interest rates reach record high | CNN Business
When you’re making a purchase at a store’s checkout counter, you may be invited to sign up for the retailer’s store card and promised an initial discount on what you’re buying, plus future perks.
Mortgage rates fall to lowest level since February 2023 | CNN Business
Mortgage rates fell this week to the lowest point since February 2023, in a welcome sign for Americans grappling with a tough housing market.
Europe cuts interest rates again as economic recovery falters | CNN Business
The European Central Bank cut interest rates Thursday, lowering borrowing costs for the second time in recent months as inflation slows and Europe’s economy stumbles.
Alaska Airlines pilot: ‘I was in shock’ | CNN Business
Emily Wiprud, the first officer piloting Alaska Airlines Flight 1282 on January 5, says she initially thought people had been killed when the plane’s door plug blew off shortly after takeoff, according to an interview with CBS News Wednesday.
General Mills sells North American yogurt operations in $2 billion deal to focus on stronger brands | CNN Business
General Mills will sell its North American yogurt business to French dairy firms Groupe Lactalis and Sodiaal in a $2.1 billion deal, the Cheerios maker said on Thursday.
Wholesale inflation slowed again last month | CNN Business
US producer prices continued to cool overall in August, showing that inflation across the economy is improving. But a closely watched measure of underlying inflation remained stubbornly elevated, reflecting the bumpiness in reining in price hikes.
McDonald’s $5 value meal is sticking around until December | CNN Business
The McDonald’s $5 meal deal is sticking around until December, a sign that inflation-weary customers are responding well to value meals recently put out by fast food chains.
Mr ChatGPT and other AI power players are going to the White House to discuss AI’s massive thirst for energy | CNN Business
The face of artificial intelligence in America is set to meet with top US officials at the White House on Thursday, CNN has learned, in a first of its kind meeting to solve a riddle that could severel