Money

By Peter Valdes-Dapena, CNN (CNN) — Rolls-Royce is vastly expanding its factory in Chichester, England. The BMW subsidiary is adding five new buildings with construction planned to start next year. Usually, when a carmaker expands a factory it’s for one simple reason: building more cars. But this is Rolls-Royce. Making and selling more Rolls-Royces would

By Clare Duffy and Ramishah Maruf, CNN New York (CNN) — One of the core demands over the past week by the pro-Palestinian student groups at Columbia University has been for the school to withdraw investment funds from what they describe as companies profiting from Israel’s military action in Gaza. Columbia’s endowment is worth $13.6 billion

By Parija Kavilanz, CNN New York (CNN) — It’s tiny, squishy, chewy. It’s shaped like a cute baby mango and GenZers have gone crazy over it. Walgreens can’t keep it in stock. For the beleaguered drugstore chain, the odd “Gummy Mango” candy is a much-needed win. It arrived last fall in about 2,500 of its

By Luciana Lopez and Samantha Delouya, CNN (CNN) — The Federal Deposit Insurance Corporation on Friday said that Republic First Bank has been closed by Pennsylvania state regulators, in what the FDIC said was the first US bank failure this year. “Philadelphia-based Republic First Bank (doing business as Republic Bank) was closed today by the

By Hadas Gold and Liam Reilly, CNN (CNN) — Arianna Smith is juggling a lot right now. Smith is editor-in-chief of The Lantern, Ohio State University’s student-run newspaper, which has scrambled in recent days to cover pro-Palestinian protests roiling the campus. It’s also finals week, and in the coming days the newspaper’s staff will transition to the next year’s staff. But the

By Chris Isidore, CNN New York (CNN) — Federal safety regulators said they are investigating whether Tesla’s massive recall in December of essentially all of its vehicles on US roads was sufficient to fix the safety threat posed by its “Autopilot” feature. The recall of 2 million Tesla vehicles was ordered by the National Highway

By Brian Fung and Sean Lyngaas, CNN Washington (CNN) — The US government has asked leading artificial intelligence companies for advice on how to use the technology they are creating to defend airlines, utilities and other critical infrastructure, particularly from AI-powered attacks. The Department of Homeland Security said Friday that the panel it’s creating will

By Oliver Darcy, CNN (CNN) — Poppy Harlow, the longtime CNN anchor who most recently co-helmed “CNN This Morning,” announced Friday that she will exit the network. “The nearly two decades since have been a gift,” Harlow wrote in an email to colleagues. “I have been inspired by you and learned so much from you

Analysis by Anna Cooban, CNN London (CNN) — Inflation may have tumbled from multi-decade highs on both sides of the Atlantic, but progress has stalled in the United States, with the Federal Reserve now expected to start cutting interest rates well after its European counterpart. Annual US inflation, as measured by the Fed’s preferred gauge,

By Matt Egan and Ramishah Maruf, CNN New York (CNN) — College campuses across America have been shaken by unrest that has resulted in clashes with police, shut down some classrooms and captured the attention of the nation. Although much of the initial focus has been on antisemitic incidents and how university officials and police

By Laura He, CNN Hong Kong (CNN) — TikTok’s Chinese parent company ByteDance said Thursday that it has no plans to sell the social media platform, its first official response on the fraught issue since President Joe Biden signed a bill that could lead to a nationwide ban of the wildly popular app. “Foreign media

By Elisabeth Buchwald, CNN New York (CNN) — For the past few years, the US economy has been growing at a pace that seemed too good to be true. So, at first glance, Thursday’s gross domestic product report showing the US economy grew at an annualized rate of 1.6% in the first quarter of this

By Clare Duffy, Catherine Thorbecke and Samantha Murphy Kelly, CNN New York (CNN) — Alphabet, the parent company of Google, bounced back from an absolutely dreadful day for tech shares, as its stock surged Thursday after the closing bell. All it had to do was to hand out billions of dollars to investors. The tech

By Jeanne Sahadi, CNN New York (CNN) — Less than 24 hours after the Federal Trade Commission issued a final rule this week banning employers from using noncompete agreements in the United States, the US Chamber of Commerce and the Business Roundtable filed a lawsuit against the agency in federal court in the Eastern District

By Nathaniel Meyersohn, CNN New York (CNN) — When Minouche Shafik was announced as Columbia University’s president last year, she was called the “perfect candidate” by the chair of Columbia’s Board of Trustees. Now, some of her own students and professors, as well as the speaker of the House of Representatives, are calling on her

By Brian Fung, CNN Washington (CNN) — TikTok said Wednesday it would suspend a controversial program in the European Union that has prompted growing alarm among EU regulators. The program at issue appears within TikTok Lite, a less data-intensive version of TikTok’s main app, and which contains a feature that rewards users with cash for

By Brian Fung, CNN Washington (CNN) — The US government on Thursday banned internet service providers (ISPs) from meddling in the speeds their customers receive when browsing the web and downloading files, restoring tough rules rescinded during the Trump administration and setting the stage for a major legal battle with the broadband industry. The net