Money

By Jeanne Sahadi, CNN New York (CNN) — The Federal Trade Commission on Tuesday voted to ban for-profit US employers from making employees sign agreements with noncompete clauses. Such a ban could affect tens of millions of workers. President Joe Biden soon after the announcement said, “The FTC is cracking down on ‘non-compete agreements,’ contracts

By Catherine Thorbecke, CNN (CNN) — Google has fired an additional 20 workers that it says were involved in protests last week over the company’s cloud-computing contract with the Israeli government, bringing the total number of workers fired to 50, according to the group organizing the demonstrations. No Tech for Apartheid, the organizers of the

By Anna Cooban, CNN London (CNN) — Shares in Chinese bubble tea chain Sichuan Baicha Baidao failed to pop during their market debut Tuesday, tumbling as much as 38% from their listing price. The company, also known as Chabaidao or ChaPanda, had priced its shares at $17.50 Hong Kong dollars ($2.23) apiece, but they plunged

By Chris Isidore and John Fritze, CNN Washington, DC (CNN) — Starbucks and the National Labor Relations Board, the federal agency charged with protecting workers’ rights, will battle each other before the Supreme Court Tuesday, in one of numerous cases now pending in which major employers are questioning the NLRB’s powers and even its right

By Oliver Darcy, CNN New York (CNN) — Editor’s Note: A version of this article first appeared in the “Reliable Sources” newsletter. Sign up for the daily digest chronicling the evolving media landscape here. David Pecker is breaking his silence. The former National Enquirer boss on Monday became the first witness called to testify in Donald Trump’s historic hush-money trial. Sitting in

By Nathaniel Meyersohn, CNN New York (CNN) — For five decades, the southern United States has been an attractive location for foreign automakers to open plants thanks to generous tax breaks and cheaper, non-union labor. Now, the United Auto Workers has dealt a serious blow to that model: winning a landslide union victory after decades

By Diksha Madhok, CNN New Delhi (CNN) — Huawei is not only making a roaring comeback in China, it is also on the verge of overtaking Apple in the world’s largest smartphone market. The Shenzhen-based conglomerate, which has been a flashpoint in the escalating rivalry between Washington and Beijing, saw 70% year-on-year growth in its smartphone

By Chris Isidore, CNN New York (CNN) — General Motors made more money than expected so far this year, even as union contracts reached last year increased labor costs, its customers faced higher interest rates to buy cars and its electric vehicles still aren’t turning a profit — yet. But GM said it expects its

By Chris Isidore, CNN New York (CNN) — Tesla reported its first quarter adjusted earnings plunged 48%, falling short of lowered Wall Street forecasts, but it assured investors that it plans to move ahead with a cheaper model due out next year. The company reported a 9% drop in total revenue, which also missed analyst

By Jillian Sykes, CNN Atlanta (CNN) — Baltimore filed a legal claim on Monday against the owner and manager of the ship that crashed into the Francis Scott Key Bridge last month, causing it to collapse. The Dali, a 213-million-pound ship carrying cargo containers, is owned by Grace Ocean Private Limited and managed by Synergy Marine PTE

By Hanna Ziady, CNN London (CNN) — Global electric vehicle sales are set to rise by more than a fifth to reach 17 million this year, powered by drivers in China, according to the International Energy Agency. In a report Tuesday, the IEA projected that “surging demand” for EVs over the next decade was set

CNN By Matt Egan, Chris Boyette, Shimon Prokupecz and Nic F. Anderson, CNN (CNN) — Columbia University, the epicenter of pro-Palestinian protests at US college campuses in recent days, says all classes at its main campus will be hybrid — technology permitting — until the spring semester ends. “Safety is our highest priority as we strive to support

By Liam Reilly, CNN (CNN) — Taylor Swift is breaking records. Again. Swift’s latest album, “The Tortured Poets Department,” which dropped on Friday, became the most-streamed album on its first day across Spotify, Amazon Music, and Apple Music. The pop star’s 11th studio album raked in a stunning 300 million streams in a single day

By Samantha Delouya, CNN (CNN) — Former JetBlue CEO Robin Hayes will join Airbus as the company’s North American leader. Hayes, JetBlue’s CEO for nine years, stepped down from the post on February 12. Hayes will take over the role of chairman and chief executive officer of Airbus Americas from Jeff Knittel, who announced his

By Brian Fung, CNN (CNN) — European officials are threatening TikTok with massive fines and a possible forced suspension this week of parts of a new spinoff app, launched this month, that regulators allege contains addictive features. The warnings target TikTok Lite, a less data-intensive version of TikTok’s main app which contains a feature that

By Nathaniel Meyersohn, CNN New York (CNN) — Caitlin Clark is reportedly set to wear her own signature Nike sneaker in the WNBA. Clark helped lift women’s college basketball to new heights, became the leading scorer in NCAA basketball history and was taken as first pick in the WNBA draft. Now she’s set to sign an eight-year deal worth

By Brian Fung, CNN (CNN) — TikTok will file a court challenge if Congress passes legislation paving the way to a nationwide ban of the app, a top executive told employees in an internal memo obtained by CNN. On Saturday the House of Representatives passed a foreign aid package containing language that could lead to a

By Parija Bhatnagar, CNN New York (CNN) — Trendy fashion retailer Express Inc. has filed for bankruptcy after consistently struggling with continued missteps over its merchandise mix that failed to get shoppers excited. The retailer filed with the bankruptcy court in Delaware and said it also plans to shutter several stores as part of the

By Anna Cooban, CNN London (CNN) — Britons hoping to buy their first home face the most difficult conditions in 70 years, according to a new report released Monday. First-time buyers are grappling with the twin challenges of historically high down payments and steep mortgage repayments, whereas many previous generations faced either one or the other, says