CNN – Business/Consumer

By Brian Stelter, CNN (CNN) — About 125 million people in the US watched the Super Bowl on Sunday night, making it the most-watched program in NBC’s 100-year history, the network said Tuesday. NBC, citing Nielsen ratings data, said the game ranked as “the second-most watched show in US history,” behind only last year’s Super

By Whitney Wild, CNN (CNN) — Former CNN anchor Don Lemon, who faces several charges related to his coverage of a protest at a St. Paul church last month, has hired a prominent former Minnesota federal prosecutor to represent him, according to court records filed Tuesday. That lawyer, Joseph H. Thompson, is now pitted against

By Hadas Gold, Brian Stelter, CNN (CNN) — A major breakthrough in the Nancy Guthrie case largely came down to Google’s technical expertise, a person familiar with the investigation told CNN. The mother of “Today” host Savannah Guthrie disappeared over a week ago in Arizona. But on Tuesday, authorities revealed footage of a masked and

By Chris Isidore, Allison Main, Manu Raju, Casey Riddle, CNN (CNN) — Commerce Secretary Howard Lutnick confirmed on Tuesday that he and his family had lunch with Jeffrey Epstein on the disgraced financier and convicted sex offender’s Caribbean island in 2012, even as he insisted the two did not have a relationship. “I did have

By Andrew Kirell, CNN (CNN) — Paramount on Tuesday moved again to sweeten its hostile bid for Warner Bros. Discovery, escalating its effort to derail the company’s pending acquisition by Netflix. The David Ellison-led entertainment empire said it would pay Warner Bros. Discovery shareholders (WBD) approximately $650 million for each quarter the Netflix deal is

By Chris Isidore, CNN (CNN) — McDonald’s is offering a few customers a special Valentine’s meal this year – Chicken McNuggets and caviar. Starting at 11 am ET on Tuesday, McDonald’s is giving away a limited number of kits including caviar and a gift card for McNuggets at mcnuggetcaviar.com/countdown. The giveaway underscores the lengths restaurants

By Hanna Ziady, CNN London (CNN) — The United States has fallen to its worst-ever position in a leading global index that measures perception of corruption in the public sector among independent experts and businesspeople. The world’s most powerful democracy last year slipped one notch to 29th place, out of 182, in Transparency International’s Corruption

By Bryan Mena, Alicia Wallace, CNN Washington (CNN) — The US economy’s engine may be starting to sputter, as Americans’ paychecks lose steam and their debt becomes even more unwieldy, new data showed Tuesday. Retail sales were unexpectedly flat in the crucial holiday month of December, the Commerce Department said, well below the 0.4% gain

By Alicia Wallace, CNN (CNN) — We’ll get a first look Wednesday at the state of the US job market as 2026 kicked off, as well as a clearer picture of hiring in 2025. The Bureau of Labor Statistics is set to release the January jobs report at 8:30 am ET Wednesday. The crucial employment

By Auzinea Bacon, CNN (CNN) — Eddie Bauer LLC, the retail operator of Eddie Bauer’s North America stores, filed for Chapter 11 bankruptcy protection on Monday and hopes to sell about 200 of its namesake outdoor sportswear stores in the United States and Canada, citing declining sales and supply chain challenges. The company said its

By Clare Duffy, Samantha Delouya, CNN Los Angeles (CNN) — Lawyers for a now-20-year-old woman argued that addictive features harmed her mental health as opening statements began Monday in a landmark trial against Meta and YouTube, the first of hundreds of similar cases to go to trial. The plaintiff — identified by her first name,

By Lisa Eadicicco, CNN (CNN) — Want to understand how artificial intelligence could change your job? Look to radiology as a clue. Radiology has become a recent talking point in the AI race. It was mentioned multiple times last month by tech executives at the World Economic Forum in Davos as well as in a

By Jeanne Sahadi, CNN (CNN) — There has been a lot of attention paid to the new Trump Accounts – especially the promised $1,000 federal government contributions for eligible newborns and the public declarations by companies and philanthropists that they will be making contributions, too. But the fine print on exactly how the accounts will

By Samantha Delouya, CNN (CNN) — President Donald Trump has vowed to tackle the housing affordability crisis, but the White House has offered few details about its plans. Now, a bipartisan group in Congress is moving forward with its own solution. On Monday, the House of Representatives passed a bill, called the Housing for the

By Andrew Kirell, Brian Stelter, CNN (CNN) — The Washington Post’s publisher and CEO Will Lewis has abruptly stepped down, just days after the newspaper laid off one-third of its staff, including at least 300 journalists in the newsroom. Post journalists, who believed Lewis had failed to turn around the publication’s fortunes, openly celebrated the

By Julian Torres, CNN (CNN) — The Super Bowl isn’t a regular football game – and its ticket prices reflect that. With a limited supply and a voracious demand, the Super Bowl functions more like a luxury good, and the forces keeping it that way are unlikely to change anytime soon. This year’s Super Bowl

By Nathaniel Meyersohn, CNN New York (CNN) — Ron Vachris does not fit the profile of a typical risk-taking executive. Vachris started at Costco as a forklift driver in 1982 while he attended community college. He went on to manage Costco’s warehouses on the West Coast before he was tapped to lead the company’s real

By Rosa de Acosta, John Liu, CNN (CNN) — Tech giant Nvidia became the first company in corporate history to briefly surpass a $5 trillion valuation in October thanks to its role in the AI boom. Insatiable demand from global companies for its AI chips has cemented its dominance with an 81% market share by

By Clare Duffy, CNN New York (CNN) — A jury found that Uber must pay $8.5 million to a woman who said one of its drivers raped her. The decision could set the stage for payments to thousands of other passengers who filed similar claims against the rideshare company. Jaylynn Dean sued Uber in 2023,

By John Towfighi, CNN New York (CNN) — The Dow just hit 50,000 points for the first time ever. The blue-chip index on Friday surged 1,097 points, or 2.24%, and climbed above 50,000 points during trading. It’s the first time the 129-year-old index has crossed the historic 50,000-point milestone. The Dow’s ascent is emblematic of

By Olesya Dmitracova, CNN London (CNN) — Stellantis, the owner of Jeep and Chrysler, announced a “reset” of its business after its enormous investments in electric vehicles failed to pay off. The company said Friday that it would take charges of more than $26 billion, the bulk of which includes write-offs and cash payments for

By Brian Stelter, CNN (CNN) — NBC used to promote the cast of the “Today” show as “America’s first family,” and this agonizing week has shown why. Savannah Guthrie’s co-hosts and colleagues have extended their support, both on-air and off, as the authorities try to find her 84-year-old mother, Nancy. Guthrie’s co-host Craig Melvin and

By Clare Duffy, CNN. Graphic by Koko Nakajima, CNN. New York (CNN) — High school students are on the verge of entering a very different job market than earlier generations did. Experts in tech and economics largely agree that AI is poised to disrupt many jobs and may eliminate some altogether. And entry-level roles are

By John Towfighi, CNN New York (CNN) — Gold has been considered a store of value for thousands of years. In 2026, it’s been trading more like a meme stock than a safe haven. Investors often flock to gold when crises hit, inflation spikes or stocks slump as a way to preserve their money’s worth.

By Lisa Eadicicco, CNN (CNN) — Anthropic’s Cowork AI assistant sent shockwaves through Wall Street this week. Now Anthropic is taking another leap forward, improving its model. Anthropic’s new Claude Opus 4.6 model, announced Thursday, is designed to make Cowork AI better for office and coding work, potentially raising even more concerns that the AI

By Jordan Valinsky, CNN New York (CNN) — Pour, or instead squeeze, one out for a childhood staple: Minute Maid’s frozen juices are soon disappearing from shelves after an 80-year run. Coca-Cola, which owns Minute Maid, said in a statement Thursday that it’s exiting the frozen can category. That will result in its lineup of

By John Towfighi, CNN New York (CNN) — US stocks dropped Thursday, continuing a recent patch of volatility, as Wall Street grappled with persistent nerves about artificial intelligence and economic data showed the labor market weakened over the past two months. The Dow closed lower by 593 points, or 1.2%. The S&P 500 fell 1.23%,

By David Goldman, CNN New York (CNN) — Bitcoin is acting weird. The world’s most famous cryptocurrency has now lost half its value from its October peak, falling below $63,000 Thursday for the first time in 16 months. That decline is actually not unusual at all. Crypto is notoriously volatile, and it’s gone through numerous

By Alicia Wallace, CNN (CNN) — The labor market is becoming increasingly inhospitable in the United States, as demand for workers continues to wane and job postings are at their lowest levels since the pandemic. New data from the Bureau of Labor Statistics released Thursday showed that the estimated number of job openings sank to

By Vanessa Yurkevich, Amy O’Kruk, CJ Riculan, CNN (CNN) — Americans are gearing up to host Super Bowl parties, and the game day spread will likely be front and center for many of them. Shopping for this year’s Super Bowl brings news that’s worthy of a touchdown dance: hosting a party might not break the

By Matt Egan, CNN New York (CNN) — The car repo business is booming as Americans fall behind on increasingly expensive car payments. Cars are being repossessed at the highest rate since the Great Recession of 2008 and 2009. The repo tactics have drawn the attention of Massachusetts Sen. Elizabeth Warren, who launched a probe

By Hanna Ziady, CNN London (CNN) — Athletes on the podium at the Winter Olympics in Italy this month will be awarded the most expensive medals in the history of the Games, thanks to soaring precious metals prices. More than 700 gold, silver and bronze medals will be presented to the world’s top winter sports

By Brian Stelter, CNN (CNN) — Washington Post owner Jeff Bezos remains committed to the publication, its top editor told CNN in an interview Wednesday, hours after the Post laid off hundreds of employees. “He wants the Post to be a bigger, relevant, thriving institution,” executive editor Matt Murray said. Many Post journalists doubt that,

By Ramishah Maruf, CNN New York (CNN) — The US Equal Employment Opportunity Commission is probing Nike in response to unspecified allegations that the company discriminates against White employees, the agency said Wednesday. The agency said it is investigating potential discrimination against White workers that may have occurred in part due to “NIKE’s Diversity, Equity,

By David Goldman, CNN (CNN) — “Reclaiming my time” made a comeback Wednesday – and with it, Rep. Maxine Waters added a new, made-for-TikTok tag: “Can you shut him up?” The fiery exchange between Waters, the Democratic ranking member on the House Financial Services Committee, and Treasury Secretary Scott Bessent echoed the famous 2017 standoff

By Hadas Gold, John Towfighi, CNN New York (CNN) — Anthropic just launched a new AI tool that could replace dozens of software tools. And Wall Street is panicked. Claude Cowork is meant to be like an AI colleague, with the ability to read files, organize folders and draft documents on your behalf. New plugins

By Jordan Valinsky, CNN New York (CNN) — Pizza Hut is closing hundreds of locations across the United States while its parent company continues a strategic review of the embattled brand. Yum! Brands, which also owns Taco Bell and KFC, revealed in Wednesday’s earnings call that 250 “underperforming” Pizza Huts are closing in the first

By Alicia Wallace, CNN (CNN) — The brief US government shutdown has delayed the official jobs report for January – with the data now set to land on February 11 instead of this coming Friday – but the first look at hiring activity in the private sector showed that employment gains sputtered to start the

By Brian Stelter, Liam Reilly, CNN (CNN) — The Washington Post laid off about one in three employees across the company Wednesday morning, dealing another big blow to a newsroom that has reached a breaking point. Post owner Jeff Bezos had no immediate comment about the cutbacks. Bezos has been pushing the Post’s management team

By Chris Isidore, CNN (CNN) — Elon Musk believes the best way to solve the difficulties of building AI data centers on earth is to move them into outer space. His merger this week of his rocket company SpaceX with his artificial intelligence company xAI could help get them there. And he isn’t the only

By John Liu, CNN (CNN) — Melinda French Gates said she was filled with “unbelievable sadness” when further documents detailing her ex-husband and Microsoft co-founder Bill Gates’ ties with the late convicted sex offender Jeffrey Epstein were released last week. The philanthropist, who divorced Gates in 2021, opened up about her reaction to the controversy,

By Liam Reilly, Brian Stelter, CNN (CNN) — Netflix co-CEO Ted Sarandos on Tuesday faced skeptical lawmakers during a Senate hearing on his company’s pending $83 billion deal to acquire Warner Bros. Discovery’s streaming and studio assets. While many senators grilled Sarandos over antitrust issues, labor concerns and consumer prices, several conservative members focused instead

By Brian Stelter, CNN (CNN) — President Donald Trump isn’t attending the Super Bowl this year – but he will still be a part of the football festivities on NBC. The network announced Tuesday that Trump will tape a sit-down with “NBC Nightly News” anchor Tom Llamas. The interview will air in several parts beginning

By Bryan Mena, Samantha Waldenberg, CNN Washington (CNN) — Stephen Miran, one of President Donald Trump’s top economists, on Tuesday resigned from his leadership role at the White House’s Council of Economic Advisers as his term as a Federal Reserve Governor continues, according to a letter obtained by CNN. His departure was first reported by

By John Towfighi, CNN New York (CNN) — A nervous mood swept through markets Tuesday as stocks stumbled and bitcoin slumped to its lowest level since November 2024. The Dow was down 360 points, or 0.73%. The broader S&P 500 fell 1.25%, retreating after briefly flirting with a record high. The tech-heavy Nasdaq slumped 2%.

By Jordan Valinsky, CNN New York (CNN) — Bahama Breeze, the Caribbean-themed dining chain, is shutting down after a 30-year stint in the business. Darden Restaurants, which also owns Olive Garden and LongHorn Steakhouse, announced Tuesday that it’s closing the remaining 28 locations in the coming months, with half of them shutting down completely and

By Brian Stelter, Liam Reilly, CNN (CNN) — Josh D’Amaro, who chairs Disney’s hugely successful parks division, will succeed Bob Iger as The Walt Disney Company’s next chief executive next month. Disney TV and streaming boss Dana Walden, who was thought to be the other leading contender for the CEO role, will become the company’s

By Hadas Gold, Jack Guy, CNN (CNN) — What happens when thousands of AI agents get together online and talk like humans do? That’s what a new social network called Moltbook, designed just for AI bots and not people, aims to find out. And so far, the results are equal parts fascinating and concerning, according

By Jordan Valinsky, CNN New York (CNN) — PepsiCo, the maker of popular brands like Doritos, Lays and Cheetos, is slashing the price of its snacks by up to 15% in response to customer complaints that they have become too expensive. In a release Tuesday, PepsiCo Foods US CEO Rachel Ferdinando said that she’s “spent

By Hanna Ziady, CNN London (CNN) — Spain will ban social media for under-16s and require platforms to employ strict age verification tools, joining Australia, France and Denmark in moves to curb the influence of digital platforms on children. “Our children are exposed to a space they were never meant to navigate alone. A space

By Saskya Vandoorne, Sana Noor Haq, CNN Paris (CNN) — French police raided the Paris offices of Elon Musk’s X Tuesday and summoned the tech billionaire for questioning as part of a widening probe into the social media company and its AI chatbot Grok. The search was linked to an investigation France opened in January

By Karina Tsui, Brian Stelter, CNN (CNN) — Independent journalist and former CNN anchor Don Lemon defended his coverage of an anti-ICE protest at a St. Paul, Minnesota, church, which resulted in his arrest last week, telling Jimmy Kimmel on Monday that as a journalist, he “went there to chronicle and document and record what

By Brian Stelter, CNN (CNN) — Savannah Guthrie was supposed to fly to Italy on Monday for NBC’s much-anticipated coverage of the 2026 Winter Olympics. But instead, Guthrie spent a heart-wrenching day in Tucson, Arizona, supporting a massive search for her 84-year-old mother, Nancy. The elder Guthrie’s disappearance became national news on Monday as authorities

CNN By Chris Isidore, CNN (CNN) — SpaceX has acquired xAI, the company announced on Monday, merging two of Elon Musk’s most ambitious companies into the most valuable private company in the world. “This marks not just the next chapter, but the next book in SpaceX and xAI’s mission,” Musk said in a statement on

By Chris Isidore, CNN (CNN) — SpaceX has acquired xAI, the company announced on Monday, merging two of Elon Musk’s most ambitious companies into the most valuable private company in the world. “This marks not just the next chapter, but the next book in SpaceX and xAI’s mission,” Musk said in a statement on SpaceX’s

By David Goldman, Matt Egan, CNN (CNN) — President Donald Trump on Monday announced he would reduce tariffs on Indian goods in exchange for, among other things, a promise to stop buying Russian oil. That will be a tall task: India has been importing roughly 1.5 million barrels of Russian oil each day — even

By Hanna Ziady, CNN London (CNN) — The backlash against ICE has grown beyond US borders. Capgemini, a major French consulting and information technology company, said Sunday it will sell a US division that does business with Immigration and Customs Enforcement. Like other businesses with links to ICE, Capgemini has come under scrutiny as criticism

By John Towfighi, CNN New York (CNN) — Wall Street traders are grappling with sharp swings in precious metals, bitcoin is hovering at its lowest level since April and there are lingering nerves about technology stocks. It’s been a weird few days on Wall Street. Gold and silver, considered havens amid uncertainty, have experienced enormous

By Allison Morrow, CNN New York (CNN) — New York’s top prosecutors are raising an alarm on the crypto industry’s first legislative milestone, the GENIUS Act, alleging that the law fails to protect victims of fraud and gives legal cover to companies that are “profiting from fraud.” In a letter exclusively seen by CNN and

KVOA, CNN By Lauren Mascarenhas, Josh Campbell, Brian Stelter, Karina Tsui, CNN (CNN) — Authorities are investigating the disappearance of Nancy Guthrie as a crime, the Pima County, Arizona, Sheriff’s Department said Monday, appealing to the public for information that will help find the mother of “Today” anchor Savannah Guthrie. Nancy Guthrie, 84, is still

KGUN, PIMA COUNTY SHERIFF’S DEPARTMENT, CNN By Lauren Mascarenhas, Josh Campbell, Brian Stelter, Karina Tsui, CNN (CNN) — The mother of “Today” anchor Savannah Guthrie is still missing Monday night after being taken from her Arizona home more than a day earlier, according to Pima County Sheriff Chris Nanos, who said the investigation into her

By Nathaniel Meyersohn, CNN New York (CNN) — Target’s business is in a slump, competition is bearing down and its hometown of Minneapolis is in crisis from massive federal immigration operations. It’s a fraught moment for a new CEO to start. Michael Fiddelke officially took over as Target’s chief executive Sunday. Fiddelke started his career

By Lauren Mascarenhas, Josh Campbell, Brian Stelter, Karina Tsui, CNN (CNN) — The mother of “Today” anchor Savannah Guthrie is still missing Monday night after being taken from her Arizona home more than a day earlier, according to Pima County Sheriff Chris Nanos, who said the investigation into her alleged abduction is ongoing. Nancy Guthrie,

CNN By Allison Cho, CNN (CNN) — Her voice defeated soul-eating monsters during the emotional finale of the blockbuster animated film “KPop Demon Hunters.” But for Korean American singer EJAE, the triumph gave her something beyond fame and fortune. Validation. Years prior, EJAE was an aspiring K-pop star signed to one of the biggest entertainment

By Brian Stelter, CNN (CNN) — Fans of President Donald Trump and first lady Melania Trump have made “Melania” a breakout hit by box office standards. The documentary is on track to earn about $7 million in its opening weekend, with ticket sales reflecting a familiar red/blue divide in America. “Melania” is projected to be

By Bryan Mena, Amy O’Kruk, CNN Warsh on Wednesday was confirmed by the Senate to formally succeed Federal Reserve Chair Jerome Powell, whose term ends May 15. President Donald Trump nominated Warsh to the powerful post in late January. Read more about the challenges Warsh faces as he takes the helm at the US central

By Vanessa Yurkevich, CNN New York (CNN) — In San Francisco, Seth Chandler’s business has lines out the door. It’s not unusual for twenty-odd people to be penned in by a velvet rope, monitored by two security guards. Chandler doesn’t own a hot new club or restaurant. He runs Witter Coin, which buys and sells

By Bryan Mena, Matt Egan, CNN Washington (CNN) — President Donald Trump said Friday he is nominating Kevin Warsh to be the 17th chair of the Federal Reserve after Jerome Powell’s term ends in May. “I am pleased to announce that I am nominating Kevin Warsh to be the CHAIRMAN OF THE BOARD OF GOVERNORS

By Phil Mattingly, CNN Washington (CNN) — President Donald Trump is expected to announce Friday his intent to nominate Kevin Warsh to be the next Federal Reserve chair, according to two people involved in the process. Trump, who has been weighing the decision for several months and had narrowed down the list of candidates to

By Matt Egan, CNN New York (CNN) — President Donald Trump plans to announce his pick for the next Federal Reserve chair on Friday morning. Among the finalists is one man who checks many of the boxes: BlackRock executive Rick Rieder. The influential investor has the respect of Wall Street and deep knowledge of complex

By Samantha Delouya, CNN (CNN) — President Donald Trump is suing the US Internal Revenue Service and Treasury Department for at least $10 billion, accusing the agency of an unauthorized leak of his tax returns during his first administration. The suit was filed on Thursday in federal court in Florida. Trump, who filed the suit

By Ramishah Maruf, Chris Isidore, CNN New York (CNN) — President Donald Trump said on Thursday that he is decertifying all aircraft made in Canada and threatened a 50% tariff on those planes until American-made Gulfstreams are certified in that country. Trump specifically said he was decertifying the Global Express, a business jet from Quebec-based

By Lisa Eadicicco, CNN New York (CNN) — As Big Tech battles for dominance in artificial intelligence, Apple is flying high on the success of the iPhone. The company reported earnings that blew past Wall Street’s expectations on Thursday, largely driven by the iPhone 17. Revenue hit $143.8 billion for the quarter, up from $124.3

By Ramishah Maruf, CNN New York (CNN) — The parent company of Saks Off 5th and Last Call will close most locations to focus on its luxury retail stores after filing for bankruptcy this month. Saks Global announced on Thursday that it will shutter almost 60 of its Off 5th locations and five Last Call

CNN By Hadas Gold, CNN (CNN) — Tesla dominated the electric vehicle industry by the mid-2010s with sleek, fast cars that helped combat the public perception that EVs were severely limited by short ranges. Now the company – and its controversial CEO, Elon Musk – face stiffer competition and political headwinds. Its EV sales fell

By Lauren Said-Moorhouse, CNN Windsor, England (CNN) — King Charles has unveiled a documentary exploring his conviction that humanity needs to understand its connection with the natural world to tackle global warming and some of the other major environmental challenges facing the planet. “Finding Harmony: A King’s Vision,” made in collaboration with his King’s Foundation

By Brian Stelter, CNN (CNN) — With widespread layoffs expected at The Washington Post in the coming weeks, teams of reporters are sending impassioned letters to owner Jeff Bezos, urging him not to shrink the newsroom. In a letter obtained by CNN, the newspaper’s White House reporters banded together to defend some of the desks

By Jordan Valinsky, CNN New York (CNN) — Starbucks has an advantage in the mornings with coffee. Now, it wants to lure people back later in the day with a different type of caffeine boost. The coffee chain’s US locations will roll out a new afternoon menu in the coming weeks, which will include new

By Hadas Gold, CNN (CNN) — Tesla dominated the electric vehicle industry by the mid-2010s with sleek, fast cars that helped combat the public perception that EVs were severely limited by short ranges. Now the company – and its controversial CEO, Elon Musk – face stiffer competition and political headwinds. Its EV sales fell by

By Brian Stelter, CNN (CNN) — CNN is not for sale, the company reiterated Wednesday after a news report about media mogul Barry Diller’s interest in buying the cable network from Warner Bros. Discovery. Diller approached Warner Bros. Discovery, WBD for short, about a possible deal last year, the Wall Street Journal reported. Two people

CNN By Alexandra Banner, CNN More than a million fewer people have enrolled in Obamacare for 2026, new data shows. The drop comes after enhanced federal subsidies expired, leaving many Americans struggling with soaring monthly payments. Here’s what else you need to know to get up to speed and on with your day. 1️⃣ CNN

By Chris Isidore, CNN (CNN) — Tesla CEO Elon Musk, who turned an upstart electric vehicle maker into an industry-changing powerhouse, is pulling the plug on the two models that helped get him there, as he struggles with another quarter of declining profits and car sales. He announced the end of production of two models

By Jeanne Sahadi, CNN (CNN) — After weighing a slightly lower unemployment rate and a hiring slowdown with small increases in inflation in December, the Federal Reserve on Wednesday decided to leave its key overnight lending rate untouched. That decision follows the three cuts the Fed made last year, for a total of six cuts

By Lisa Eadicicco, CNN (CNN) — Apple bet big on a dramatic redesign of its iPhone last year, the biggest shakeup to its flagship smartphone in nearly a decade. But the slimmer iPhone Air hasn’t seemed to resonate with buyers. New market research data indicates iPhone Air adoption lags far behind the iPhone 17, 17

By Jordan Valinsky, CNN New York (CNN) — Amazon is laying off 16,000 employees, the company’s second round of large-scale job reductions in three months as it fights to improve its standing in the battle for AI supremacy. In a blog post Wednesday, the company said it needed to reduce red tape to increase its

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve on Wednesday kept interest rates unchanged as the central bank fights to maintain its ability to set interest rates without political interference. Officials kept their benchmark lending rate at a range of 3.5-3.75%, following three consecutive rate cuts late last year. It’s a pause that

By Brian Stelter, CNN (CNN) — TikTok’s new US business, led by a group of mainly American investors approved by President Donald Trump, is off to an inauspicious start. The wildly popular TikTok app has been on the fritz for several days. While other social media sites have been full of speculation that the Trump-aligned

By Chris Isidore, CNN (CNN) — Boeing just announced the end of years of deep financial losses, a turnaround for a company after nearly seven years of bad news. The US aircraft maker reported $8.2 billion in net profit in the fourth quarter, its first profitable period in more than three years thanks to the

By Jordan Valinsky, CNN New York (CNN) — Amazon is closing its branded brick-and-mortar grocery stores, with the company consolidating its physical strategy under the Whole Foods name. The closures, which affect its Amazon Fresh and Amazon Go locations, were announced Tuesday and amount to about 70 locations across the United States. In a blog

By Bryan Mena, CNN Washington (CNN) — America’s economic mood deteriorated in January to its lowest level in more than a decade as consumers fretted about geopolitical tensions, affordability and President Donald Trump’s unrelenting trade war. The Conference Board’s Consumer Confidence Index for January, released Tuesday, declined 9.7 points to a reading of 84.5, the

By Bryan Mena, CNN Washington (CNN) — President Donald Trump could announce his nominee for the next Federal Reserve chair as soon as this week, and has signaled that his pick must push for significant interest rate cuts. But whoever he chooses will face a new policymaking committee — and one that could be even

By Chris Isidore, CNN (CNN) — Melissa Dickerson never imagined she would end up with a $1,100 monthly car payment, especially for a used car. Then her son wrecked her Acura. Fortunately, he was OK. But when she went shopping for a replacement SUV, Dickerson, a paralegal from Orting, Washington, soon discovered it was going

By Jeanne Sahadi, CNN (CNN) — US Immigration and Customs Enforcement has gone to many workplaces over the past year, both at high-profile companies like Target and Hyundai as well as businesses that don’t grab headlines. Workplace immigration enforcement operations are not new and have occurred under many presidential administrations, according to the American Council

By Allison Cho, CNN (CNN) — Her voice defeated soul-eating monsters during the emotional finale of the blockbuster animated film “KPop Demon Hunters.” But for Korean American singer EJAE, the triumph gave her something beyond fame and fortune. Validation. Years prior, EJAE was an aspiring K-pop star signed to one of the biggest entertainment agencies

By Scottie Andrew, CNN (CNN) — The comedian Megan Stalter, who posts absurd character skits to an audience in the high hundreds of thousands across Instagram and TikTok, tried sharing a different kind of video on Saturday night. Driven by the death of Alex Pretti, the nurse shot by a federal immigration agent or agents

By Marshall Cohen, CNN (CNN) — The Treasury Department cut ties with Booz Allen Hamilton on Monday and announced that it was canceling $21 million in federal contracts with the consulting giant because one of its ex-employees previously leaked President Donald Trump’s tax returns to the press. A statement from Treasury Secretary Scott Bessent referenced

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump announced on Monday he is raising tariffs on goods from South Korea to 25% from 15%. “Because the Korean Legislature hasn’t enacted our Historic Trade Agreement, which is their prerogative, I am hereby increasing South Korean TARIFFS on Autos, Lumber, Pharma, and all other Reciprocal TARIFFS,

By Nathaniel Meyersohn, CNN New York (CNN) — Corporate giants in the Twin Cities stayed silent, publicly, for more than a month as massive federal immigration operations upended daily life and the local economy. Top Minnesota CEOs and business leaders had held phone calls about how to respond. Instead of going public, they settled on