Trump Org. controller to testify to Manhattan grand jury investigating hush money payments

CNN — A top executive of the Trump Organization is expected to appear Thursday before a Manhattan grand jury investigating former President Donald Trump’s alleged role in a hush money payment scheme, people familiar with the matter said. The executive, Jeffrey McConney, the controller of the Trump Organization, is one of the highest-ranking financial officers … Read more

Bed Bath and Beyond is closing 87 more stores. See the list

New York CNN — Bed Bath and Beyond is closing another 87 stores as the struggling retailer barrels toward bankruptcy. The closing stores are in addition to the 150 closures Bed Bath and Beyond announced last August. Included in the new list are 5 buybuy Baby locations and all 49 remaining Harmon Face Value stores, … Read more

Tesla confirms DOJ has requested documents on Autopilot, ‘Full Self-Driving’

CNN — Tesla confirmed in a public filing released today that the US Department of Justice has requested documents concerning the company’s controversial driver-assist software systems which Tesla calls Autopilot and “Full Self-Driving.” Tesla said it “has received requests from the DOJ for documents related to Tesla’s Autopilot and FSD features.” Autopilot is a suite … Read more

Mustang Mach-E: Ford drops the price of its Tesla competitor

CNN — Ford is boosting production of its popular Mustang Mach-E electric SUV and dropping its sticker price weeks later Tesla dropped prices of its vehicles. The move represents a substantial roll-back of price hikes Ford announced last summer on the 2023 models – but buyers may still be paying somewhat more than before the … Read more

Premarket stocks: Here’s why you should always wait for the earnings call

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN — Investors are pretty bad at living in the moment. We’re currently in the … Read more

ASML says ‘rules are being finalized’ on chip export controls to China

Hong Kong CNN — ASML, a Dutch maker of semiconductor equipment, says “rules are being finalized” on export controls, amid reports that the Netherlands and Japan have joined the United States in restricting sales of some computer chip machinery to China. “It is our understanding that steps have been made towards an agreement between governments … Read more

Union members poised to reject Disney World contract offer

New York CNN — Jonathan Pulliam has been working at Disney World since 2018, dressing up as everything from beloved Disney cartoon characters to Star Wars villains. And while he loves his job, he says he can’t afford it any longer. “Me loving it, that’s not enough to pay the bills,” he said about his … Read more

Some auto insurers are refusing to cover some Hyundai and Kia models

CNN — Progressive and State Farm, two of America’s largest auto insurers, are refusing to write policies in certain cities for some older Hyundai and Kia models that have been deemed too easy to steal, according to the companies. Several reports say the companies have stopped offering insurance on these vehicles in cities that include … Read more

McDonald’s, In-N-Out, and Chipotle are spending millions to block raises for their workers

New York CNN — California voters will decide next year on a referendum that could overturn a landmark new state law setting worker conditions and minimum wages up to $22 an hour for fast-food employees in the nation’s largest state. Chipotle, Starbucks, Chick-fil-A, McDonald’s, In-N-Out Burger and KFC-owner Yum! Brands each donated $1 million to … Read more

How M&M’S is making the most of its spokescandies controversy

New York CNN — Over the past year, M&M’s has been the subject of Fox News tirades and criticism from a small segment of fans — first for changing the Green M&M’s footwear and more recently featuring female M&M characters on its packaging for International Women’s Day. So this week it announced a change: Following … Read more