Hong Kong (CNN Business)A film glorifying the heroism of Chinese soldiers fighting American troops during the Korean War smashed box office records for China’s National Day holiday. “The Battle at Lake Changjin” — commissioned by the Chinese government — has grossed an estimated 1.85 billion yuan ($287 million) since its […]

(CNN)The Lucid Air Dream Edition was recently rated by the Environmental Protection Agency with an estimated driving range of 520 miles on a full charge. That’s the longest range of any purely battery-powered car yet rated by the EPA, including Tesla’s Model S Long Range. It’s not just a little […]

Wall Street may be on the verge of an uncharacteristically painful quarter. Wharton finance professor Jeremy Siegel, who's known for his positive market forecasts, is sounding the alarm on the market's ability to cope with inflation. "We're headed for some trouble ahead," he told CNBC's "Trading Nation" on Friday. "Inflation, […]

Embattled digital firm Ozy Media says it is shutting down, just days after a New York Times column exposed a range of dubious and even potentially criminal behavior by its executives. Since the column by Ben Smith was published online last Sunday, a drip-drip series of events has ensued, with […]

Seoul (CNN Business)It took three years for players to notice the “offensive” hand gesture lurking in one of South Korea’s most popular multiplayer games. When players made their avatars laugh, talk or give the “OK” sign in “Lost Ark,” they clicked an icon featuring a gesture that might have appeared […]

The National Association of Realtors released a report on Wednesday showing a pullback by U.S. existing home sales in the month of August. NAR said existing home sales slumped by 2.0 percent to an annual rate of 5.88 million in August after jumping by 2.2 percent to a revised rate […]

Duterte declines to enter vice presidential race next year Analysts say move may clear way for daughter to run for office Sara Duterte-Carpio files for re-election as mayor Philippine President Rodrigo Duterte said on Saturday he was retiring from politics, a surprise move that fuelled speculation he was clearing the […]

The U.S. Food and Drug Administration has warned against Safe-T-Lite UV WAND, a handheld ultraviolet-C or UV-C germicidal product intended for sanitization, for risk of exposure to unsafe levels of UV-C radiation. The FDA issued a safety communication urging consumers who use the Safe-T-Lite UV WAND to consider using alternative […]

Producer Bibby Dunn has been promoted to President of Mark Gordon Pictures. In the expanded role, Dunn will run production and development for the company, produce scripted film and television content, manage sales across broadcast, cable and streaming, and oversee operations of the company’s three offices in Los Angeles, New […]

For most of us, the ultimate luxury car would be a high-end model of a mass-produced car — let’s say a Lexus LC convertible (starting at $94,075) or a BMW X6 M50i crossover ($108,000 with all the bells and whistles). But for the world’s super-rich, there’s a whole different level […]