CNN – Business/Consumer

By David Goldman, CNN (CNN) — President Donald Trump on Thursday announced sweeping tariffs on various household products, including imported kitchen cabinets and certain kinds of furniture – potentially adding even more costs to a category that has surged in price in recent months. Trump also announced heavy truck tariffs and pharmaceutical tariffs Thursday. “We

By Oren Liebermann, Tal Shalev, CNN (CNN) — Microsoft has terminated a set of services for the Israeli military after an investigation suggested Israel was using the company’s cloud computing technology for mass surveillance of Palestinians. In a statement posted the company’s blog, Microsoft President Brad Smith said the company had “ceased and disabled a

By Bryan Mena, CNN Washington (CNN) — Federal Reserve Governor Lisa Cook has the support of every living former chair of the central bank’s powerful Board in her legal battle with President Donald Trump, who tried to fire her last month based on unproven allegations of mortgage fraud, according to an amicus brief filed to

By Jordan Valinsky, CNN New York (CNN) — Amazon is paying a historic $2.5 billion settlement with the Federal Trade Commission, the agency announced Thursday, ending a two-year dispute over allegations the company tricked consumers into signing up for its Prime subscription service and then made it hard to cancel. As part of the agreement,

By Brian Stelter, CNN (CNN) — Newfound enthusiasm about Jimmy Kimmel’s show is not evaporating after just one monologue. Kimmel’s Wednesday night follow-up to his Tuesday night comeback show quickly racked up millions of views on YouTube on Thursday morning, indicating that interest in Kimmel’s commentary remains way above normal. By 2 p.m. ET on

By Bryan Mena, CNN Washington (CNN) — The US economy’s comeback in the second quarter was just revised higher again, and economists estimate that momentum carried on in the third quarter, underscoring the resilience of the world’s largest economy. Gross domestic product, the broadest measure of economic output, rose at an annualized rate of 3.8%

By Samantha Waldenberg, Clare Duffy, CNN (CNN) — President Donald Trump signed an executive order on Thursday clearing the way for the completion of a deal to sell TikTok’s US assets to a consortium of mostly American investors. The order marks an important procedural step toward finalizing the TikTok sale, but the deal is not

By Jordan Valinsky, CNN New York (CNN) — Starbucks is taking “significant action” to turn around its struggling business, closing a large number of cafés and announcing a second round of layoffs at its headquarters as part of CEO Brian Niccol’s efforts to resuscitate the troubled chain. Niccol announced Thursday that Starbucks will close hundreds

By Natasha Chen, CNN Los Angeles, CA (CNN) — The nearly 102-year-old Walt Disney Company is no stranger to being catapulted into America’s culture wars. But the wrangling over “Jimmy Kimmel Live!” this month marked a new milestone in the entertainment behemoth’s frequent foray into culture-war flashpoints. Just since 2020, Disney has dealt with political

By Wayne Chang, John Liu, CNN Taipei, Taiwan/Hong Kong (CNN) — Giant, the world’s largest bike manufacturer, on Thursday warned of delays to shipments to the United States after American customs officials announced a surprise ban on imports over unspecified forced labor accusations. US Customs and Border Protection (CBP) issued an order on Wednesday to

By John Liu, CNN (CNN) — Jimmy Kimmel opened his second night back on the late-night stage by taking on President Donald Trump’s latest attacks against him and his network ABC, describing the president as a “80s-movie-style bully.” In his opening monologue, Kimmel performed a sentence-by-sentence roast of Trump’s social media post from Tuesday, in

By Brian Stelter, CNN (CNN) — The first new episode of “Jimmy Kimmel Live!” since his suspension averaged 6.3 million viewers via traditional television, more than three times the show’s typical TV viewership, even though the show was blacked out in dozens of markets. In the key advertiser-friendly demographic of viewers ages 18 to 49,

By Brian Stelter, CNN (CNN) — A group of 100-plus former ABC News journalists has sent a letter to Disney CEO Bob Iger urging him to make “a concerted effort to defend free speech and press freedom against political intimidation.” The letter, obtained by CNN on Wednesday, soon after it was delivered to Iger, was

By Clare Duffy, Aditi Sangal, CNN New York (CNN) — President Donald Trump’s surprise announcement that he would hike H1-B application fees to $100,000 sparked fear and confusion among foreign workers. It also sent the companies who employ them scrambling, forcing the White House to clarify that the fee would apply only to new applications,

By Luciana Lopez, CNN (CNN) — Jimmy Kimmel returned to his late night show on Tuesday night after a suspension amid pressure by the Trump administration and a furor over Kimmel’s remarks about the killer of conservative activist Charlie Kirk. Kimmel delivered an opening monologue – occasionally choking up – that ranged across everything from

By Clare Duffy, CNN New York (CNN) — YouTube said Tuesday it plans to reinstate some accounts that it previously banned for violating rules against repeatedly posting misinformation about Covid-19 and the 2020 election. That announcement came in a letter sent by a lawyer for the platform’s parent company, Alphabet, to House Judiciary Committee Chairman

By Olesya Dmitracova, CNN London (CNN) — Households should keep some cash at home so they can pay for essentials during crises, according to an analysis of four major disruptive events in Europe, including the pandemic and Russia’s invasion of Ukraine in 2022. Consumer demand for banknotes surged in Europe during each of a string

By Jordan Valinsky, CNN New York (CNN) — A few months after the collapse of Joann, a former foe is reviving the crafting and fabric store’s brand name. Michaels announced Wednesday that it is bringing a “Knit & Sew Shop” format to all of its US and Canada locations, which features the Joann name on

By Ana Nicolaci da Costa, CNN LONDON (CNN) — Right-leaning podcaster Joe Rogan has chimed in on the suspension of late night host Jimmy Kimmel amid pressure from the Trump administration, saying the government should not determine what comedians say and that conservatives were “crazy” to support any such interference. Disney’s ABC last week took

By Jordan Valinsky, CNN New York (CNN) — As Aldi expands across the United States, so does its name recognition. Now, that name will be stamped on all of its own products. Aldi announced Wednesday sweeping changes across its product portfolio, drastically reducing the number of in-house brands from about 90 to 26 and consolidating

By Matt Egan, CNN New York (CNN) — Tariffs are fueling a significant chunk of price hikes across the economy, according to a survey of executives released Wednesday. Chief financial officers estimate tariffs are to blame for about one-third of their companies’ price growth this year, according to The CFO Survey issued by Duke University

CNN By Brian Stelter, Dan Heching, Andrew Kirell, CNN (CNN) — Jimmy Kimmel returned to his late-night stage Tuesday night and urged viewers to stand up to President Donald Trump’s threats, even as Trump sent out a new social media attack against Kimmel’s network, ABC. In an eloquent and emotional monologue, Kimmel assailed “anti-American” efforts

By Brian Stelter, Dan Heching, Andrew Kirell, CNN (CNN) — Jimmy Kimmel returned to his late-night stage Tuesday night and urged viewers to stand up to President Donald Trump’s threats, even as Trump sent out a new social media attack against Kimmel’s network, ABC. In an eloquent and emotional monologue, Kimmel assailed “anti-American” efforts to

By John Liu, CNN (CNN) — China’s powerful internet censors have long been known for erasing political dissent, vitriol against the Communist Party leadership, and mention of sensitive historical events. Now, they’re being unleashed on a new scourge – negativity. The country’s internet regulator on Monday unveiled a two-month nationwide campaign aimed at curbing pessimism

By Liam Reilly, CNN (CNN) — Disney is hiking the price of its subscription streaming service — and the timing couldn’t be more awkward, given the controversy surrounding the media giant’s handling of Jimmy Kimmel this past week. Starting October 21, Disney+’s plan with ads will increase $2 to $11.99, while its ad-free tier will

By Bryan Mena, CNN Washington (CNN) — America’s central bankers continue to deal with the double whammy of potentially higher inflation and a slowing labor market, Federal Reserve Chair Jerome Powell said Tuesday, calling it a “challenging situation” for Fed policymakers. But, for now, interest rates are in a good place to deal with either

By Ana Nicolaci da Costa, CNN LONDON (CNN) — Amazon is planning to close all of its Amazon Fresh stores in the United Kingdom as it focuses on online grocery services. The e-commerce giant plans to shut 14 stores and convert another five into Whole Foods Market stores, it said in a statement Tuesday. “In

By Lisa Eadicicco, CNN New York (CNN) — The overwhelming majority of tech industry workers use artificial intelligence on the job for tasks like writing and modifying code, a new Google study has found. The report, coming from Google’s DORA research division and based on 5,000 responses from technology professionals around the world, found that

By Jordan Valinsky, CNN New York (CNN) — Perhaps with Leo Messi as the face of Michelob Ultra, it was only a matter of time before the light lager achieved GOAT status. The Anheuser-Busch beer has overtaken Bud Light and maintained its lead over rival Modelo Especial in US retail sales by volume for the

By Chris Isidore, CNN (CNN) — Sales of electric vehicles in the United States are almost certain to tumble when the $7,500 federal tax credit for EV buyers expires on October 1. But where prices go is less certain. The tax credit, passed by the Biden administration in 2022 to support EVs, is going away

By Jeanne Sahadi, CNN (CNN) — Maybe you’ve heard of “The Gentle Art of Swedish Death Cleaning.” It’s a guide to proactively downsizing your stuff while you’re still alive. Doing so spares your heirs the mess of doing it themselves, and the potential fights they may have in the process. Similarly, you can avoid leaving

By the Associated Press (AP) — Billionaire philanthropist MacKenzie Scott has donated $70 million to the UNCF, as the nation’s largest private provider of scholarships to minority students works to raise $1 billion to strengthen all 37 of its historically Black colleges and universities. The gift is one of Scott’s largest single donations ever and

By Liam Reilly, CNN (CNN) — After remaining mum on fellow ABC host Jimmy Kimmel’s suspension last week, the hosts of “The View” on Monday spoke out against the Trump administration’s recent crackdown on free speech. “Did y’all really think we weren’t going to talk about Jimmy Kimmel? Have you watched the show over the

By Bryan Mena, CNN Washington (CNN) — Central bankers are underestimating how much pressure interest rates are putting on America’s labor market, said Federal Reserve Governor Stephen Miran, a staunch ally of President Donald Trump, on Monday. “I view policy as very restrictive, (and) believe it poses material risks to the Fed’semployment mandate,” Miran said

By Clare Duffy, CNN New York (CNN) — The White House has answered what had been one of the major outstanding questions regarding its pending deal to transfer TikTok’s US operations to a majority American ownership group: Under the agreement, the app’s algorithm will be operated in the United States and overseen by Oracle. The

By Jordan Valinsky, CNN New York (CNN) — The Federal Trade Commission’s long-awaited trial against Amazon begins this week, with the e-commerce giant’s cancellation practices under the microscope. The lawsuit, filed in 2023 under the Biden administration, accuses Amazon of tricking millions of consumers into signing up for its Prime subscription service through deceptive user

By David Goldman, CNN (CNN) — Sal Iacono, Jimmy Kimmel’s cousin and a long-time writer and performer on “Jimmy Kimmel Live!” suggested Sunday that the show may not be coming back on the air after ABC indefinitely suspended the program last week. On an episode of “The Bill Simmons Podcast” late Sunday night, Iacono said

By Brian Stelter, CNN (CNN) — Media lawyers and newsroom leaders are evaluating a government memo spelling out new rules that would sharply restrict reporting at the Pentagon. Several of the country’s biggest news outlets are publicly pushing back on the rules, foreshadowing a potential legal battle. “This policy operates as a prior restraint on

By Gordon Ebanks, CNN (CNN) — Reading levels dropped to historic lows during the pandemic. Now parents, teachers and tech companies are hoping AI can help solve America’s literacy crisis. America’s literacy challenge has been building for years, with reading scores sliding even before the pandemic pushed them to their lowest levels in decades. Educators

By Hadas Gold, CNN (CNN) — When Elon Musk and President Donald Trump’s feud reached a fever pitch, Charlie Kirk desperately wanted the two to put their fight to bed and make up. “I know both these guys … I am hopeful, optimistic and will do everything I possibly can to try and bring this

By John Towfighi, CNN New York (CNN) — The stock market is shrugging off worries about a weakening labor market and stubborn inflation, instead embracing a much-anticipated interest rate cut. That optimism still has room to run, analysts say, but stocks could hit a wall if worries about an economic slowdown and still-high prices begin

By Matt Egan, CNN New York (CNN) — The nation’s top economic statistician was fired. Central bank independence is being undermined. The federal government is buying chunks of private companies and demanding cuts of revenue streams. Presidential power to lob tariffs has been wielded in unprecedented fashion. And federal regulators are threatening media companies over

Reuters (Reuters) — Warren Buffett’s Berkshire Hathaway has fully exited Chinese automaker BYD, a filing showed, ending a 17-year investment that grew over 20-fold in value in that period. The filing by Berkshire’s energy subsidiary recorded the value of its BYD investment as zero as of the end of March, down from $415 million at

By Auzinea Bacon, CNN (CNN) — Hollywood has long viewed anime as a modest but steady genre at the domestic box office. But the unexpected success of “Demon Slayer: Infinity Castle” has forced the industry to rethink the potential of Japanese animation to draw big audiences to theaters. “Infinity Castle,” distributed by Sony-owned Crunchyroll, fell

By Auzinea Bacon, Aileen Graef, Brian Stelter, CNN (CNN) — President Donald Trump on Sunday said tech and media giants Larry Ellison, Michael Dell, and Lachlan and Rupert Murdoch will be a part of the group to take over TikTok’s algorithm in the acquisition of the social media platform’s US operations. “You know, they’re very

By Chris Isidore, CNN (CNN) — Despite billions in tariff costs for imported autos and parts, new car prices have stayed relatively flat. But the news isn’t as good for car owners taking their vehicles to the repair shop. The price of car repairs jumped 5% just from July to August, according to the latest

By Auzinea Bacon, CNN (CNN) — President Donald Trump’s latest effort to overhaul America’s legal immigration system — raising the annual fee on H-1B visa applicants from $215 to $100,000 — could deal a major blow to some US industries that rely on skilled foreign workers. During a signing at the Oval Office Friday, Trump

By Auzinea Bacon, Clare Duffy, CNN (CNN) — The United States will have control over TikTok’s algorithm in the acquisition of the social media platform’s US operations, White House press secretary Karoline Leavitt said on Saturday. “We are 100% confident that a deal is done. Now that deal just needs to be signed, and the

By Nathaniel Meyersohn, CNN New York (CNN) — President Donald Trump pledged to bring down grocery costs. But his administration’s policies are contributing to an acceleration in prices, food economists and companies say. Grocery prices last month rose at their fastest pace in three years, stoked by Trump’s tariffs, a crackdown on immigration, and extreme

By Brian Stelter, Hadas Gold, CNN (CNN) — In a ruling dripping with derision, a federal judge has rejected President Trump’s defamation lawsuit against The New York Times, asserting that the rambling 85-page suit did not follow federal rules for filing civil complaints. The president’s team has been given a month to refile, and a

By Bryan Mena, CNN Washington (CNN) — President Donald Trump’s widespread tariffs aren’t boosting inflation, so interest rates should be lowered quickly to prevent America’s labor market from deteriorating, Federal Reserve Governor Stephen Miran said Friday in his first public comments as a monetary policymaker. The Fed on Wednesday announced a quarter-point rate cut, the

By Tami Luhby, CNN (CNN) — This year’s winter heating bills may send a shiver down many Americans’ spine. The cost of staying warm at home is expected to jump an average of 7.6%, to $976 this season, according to a new estimate from the National Energy Assistance Directors Association. The spike stems from increases

By Lisa Eadicicco, CNN (CNN) — Back in 2017, consumers balked at the idea of a $1,000 iPhone. Now, some shoppers may end up paying double that if they choose Apple’s latest top-of-the-line model. The iPhone 17 Pro Max, the larger variant of Apple’s Pro phone that launches today along with the iPhone 17, 17

By Clare Duffy, CNN (CNN) — President Donald Trump said at the conclusion of a call with China’s leader Xi Jinping Friday morning that they had made progress to finalize a deal that would sell most of TikTok’s US assets to American investors. The deal would conclude a yearslong effort that began during Trump’s first

By Vanessa Yurkevich, CNN New York (CNN) — When the US Department of Homeland Security conducted its largest single-site enforcement operation in history at the Hyundai – LG Battery Plant in Georgia earlier this month, Hyundai’s CEO was working out of his California office. He said he found out about it on the news. “I

By Brian Stelter, CNN (CNN) — When Federal Communications Commission Chair Brendan Carr suggested Jimmy Kimmel should be suspended and said, “We can do this the easy way or the hard way,” ABC and its local affiliates were listening. Within a matter of hours, ABC suspended Kimmel’s show “indefinitely,” a stunning move that has raised

By Jordan Valinsky, CNN New York (CNN) — The United States federal government and seven states are suing Ticketmaster and its parent company, Live Nation Entertainment, for failing to crack down on ticket resellers, which is forcing customers to “pay substantially more than face value” for popular concerts and and events. The Federal Trade Commission

By Samantha Delouya, CNN (CNN) — The Federal Reserve’s rate cut this week is rippling through the housing market, sending mortgage rates lower and spurring a jump in refinancing. The 30-year fixed mortgage rate averaged 6.26% for the week ending September 18, down from 6.35% last week, according to data released Thursday by Freddie Mac.

By Olesya Dmitracova, CNN (CNN) — Nvidia said on Thursday that it would buy $5 billion worth of Intel’s common stock, becoming another major shareholder in the beleaguered company just weeks after the US government took a roughly 10% stake. The tech giant, which makes artificial intelligence chips, will pay $23.28 per share, it said

By Alicia Wallace, CNN Falcon Heights, Minnesota (CNN) — The Federal Reserve cut interest rates on Wednesday for the first time this year, a move that could provide some relief for Americans from the higher cost of living. But there is a deepening inequality among households in the United States. Consumer spending, which is a

By Clare Duffy, CNN Menlo Park, Calif. (CNN) — Have you ever wished you could quickly and quietly respond to a text while in a movie theatre without pulling out your phone. Or that you could see directions to the closest coffee shop without having to look down at your maps app? A new pair

By Lisa Eadicicco, CNN Englewood Cliffs, NJ (CNN) — Samsung is considering releasing its upcoming “tri-fold” smartphone in the United States, a first for US smartphones and Samsung as it seeks to recharge the market for what was once a-cutting-edge product but is now a staple of everyday life. Samsung is still weighing which markets

By Clare Duffy, CNN Menlo Park, Calif. (CNN) — Meta CEO Mark Zuckerberg took the stage on Wednesday to unveil the company’s next-generation artificial intelligence-powered wearable device: a pair of smart glasses with a tiny display inside the lens. The Meta Ray-Bans Display glasses represent the company’s next step toward a future where we all

CNN By Jordan Valinsky, Vanessa Yurkevich, CNN New York (CNN) — Hours after Ben & Jerry’s co-founder Jerry Greenfield resigned from the ice cream company he founded nearly five decades ago, his former business partner, Ben Cohen, revealed to CNN why Jerry felt he had to leave. “Jerry has a really big heart, and this

By John Towfighi, CNN (CNN) — FBI Director Kash Patel spurred a fierce but fleeting rally in Krispy Kreme shares (DNUT) on Wednesday after he said the stock was a solid investment. The comment came during Patel’s testimony before the House Judiciary Committee on Wednesday. Colorado Rep. Joe Neguse asked Patel about his decision to

CNN By Alexandra Banner, CNN A key CDC advisory panel will meet today to discuss potentially drastic changes to vaccine recommendations in the US. Health experts say the panel is expected to recommend delaying hepatitis B shots for newborns, among other major updates. Here’s what else you need to know to get up to speed

By Samantha Delouya, CNN (CNN) — Anthropic CEO Dario Amodei doubled down on his warning that artificial intelligence could soon cause mass unemployment, even as the technology’s current capabilities lag behind many predictions. Amodei, who runs one of the world’s leading AI labs, warned that the technology is advancing “very quickly” and has already begun

By Ramishah Maruf, CNN New York (CNN) — Customer visits to Cracker Barrel fell after intense backlash to its proposed logo change and renovations, the company said in its earnings call Wednesday, and it expects a continued decline in the coming months. Traffic has fallen 8% since the chain initially changed its logo on August

By Brian Stelter, Elizabeth Wagmeister, Liam Reilly, CNN (CNN) — Disney’s ABC is taking Jimmy Kimmel’s late night talk show off the air indefinitely amid a controversy over his recent comments about Charlie Kirk’s suspected killer. “Jimmy Kimmel Live will be pre-empted indefinitely,” an ABC spokesperson said, declining to share any further details. A representative

CNN By Bryan Mena, CNN Washington (CNN) — The Federal Reserve on Wednesday lowered interest rates for the first time since December to support America’s faltering labor market. However, the economy’s path forward looks murky, according to the central bank’s leader. The Fed cut its benchmark lending rate by a quarter point to a new

By Jordan Valinsky, Vanessa Yurkevich, CNN New York (CNN) — Hours after Ben & Jerry’s co-founder Jerry Greenfield resigned from the ice cream company he founded nearly five decades ago, his former business partner, Ben Cohen, revealed to CNN why Jerry felt he had to leave. “Jerry has a really big heart, and this conflict

By Hadas Gold, CNN (CNN) — Elon Musk is back to business – and back to sending emails asking employees what they’ve accomplished. On Tuesday afternoon, Musk sent an email asking all xAI employees to “send a one page summary of what you’ve accomplished in the past four weeks and what you intend to accomplish

By Brian Stelter, Liam Reilly, CNN (CNN) — President Trump’s defamation lawsuit against The New York Times is meritless, according to half a dozen lawyers and First Amendment scholars who spoke with CNN. But Trump’s chances in court are almost beside the point, some of the experts said, because the president seems to want a

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve on Wednesday lowered interest rates for the first time since December to support America’s faltering labor market. However, the economy’s path forward looks murky, according to the central bank’s leader. The Fed cut its benchmark lending rate by a quarter point to a new range

CNN, POOL, MSNBC By Bryan Mena, CNN Washington (CNN) — The Federal Reserve on Wednesday lowered interest rates for the first time since December to support America’s faltering labor market. However, the economy’s path forward looks murky, according to the central bank’s leader. The Fed cut its benchmark lending rate by a quarter point to

By John Liu, CNN (CNN) — Ben & Jerry’s co-founder Jerry Greenfield has quit the ice cream brand he started in 1978 amid a dispute with its British owner Unilever, according to a post by the company’s other co-founder, Ben Cohen. Cohen shared a statement from Greenfield that said quitting was “one of the hardest

By John Liu, CNN (CNN) — Two flying cars crashed into each other during a rehearsal for an airshow in northeastern China on Tuesday, injuring one of their pilots and forcing one of the vehicles to the ground, where it caught fire. Videos circulating online and featured in Chineses state-run media showed plumes of smoke

By Hadas Gold, CNN (CNN) — The families of three minors are suing Character Technologies, Inc., the developer of Character.AI, alleging that their children died by or attempted suicide and were otherwise harmed after interacting with the company’s chatbots. The families, represented by the Social Media Victims Law Center, are also suing Google. Two of

By Elisabeth Buchwald, CNN Annandale-on-Hudson, New York (CNN) — When the July jobs report was first released on August 1, it didn’t feel any different for Erika McEntarfer, former commissioner at the Bureau of Labor Statistics, compared to when other employment reports came out. But that quickly changed after she learned that President Donald Trump

By Gordon Ebanks, CNN (CNN) — Costco is issuing a recall for its Kirkland Signature Prosecco Valdobbiadene, saying that unopened bottles of the wine could “shatter” without being touched. In a letter posted on its website, the company warned customers in 12 states across the Midwest and South to immediately dispose of the bottles “by

By Alayna Treene, David Goldman, CNN (CNN) — A proposal to save TikTok from going dark in the United States would involve investments from a number of US-based venture capital firms, private equity funds and tech companies. Together, the investors would create a new US-based company that will operate the app domestically, sources familiar with

By David Goldman, CNN (CNN) — Dave & Buster’s new CEO is not holding back. Tarun Lal, who took the reins in July, said on his first earnings call with Wall Street analysts Monday night that his company is in more trouble than previously believed. Profit growth continued to shrink, sales have flatlined, and the

By Bryan Mena, CNN Washington (CNN) — Federal Reserve officials are convening Tuesday and Wednesday for a pivotal meeting under unprecedented circumstances. On Wednesday at the conclusion of their two-day policy meeting, central bankers are expected to announce their first interest rate cut since December to support America’s slowing labor market, with the hopes that

By Bryan Mena, CNN Washington (CNN) — Americans still opened their wallets last month, despite persistent fears about the economy, a slowing labor market and higher tariffs. Spending at US retailers rose 0.6% in August, the Commerce Department said Tuesday, unchanged from July’s upwardly revised 0.6%. Last month’s figure came in much better than economists’

By Matt Egan, CNN New York (CNN) — Credit scores are falling at the fastest pace since the Great Recession as Americans struggle to keep up with the high cost of living and the return of student debt payments. The national average FICO score dropped by two points this year, the most since 2009, according

By Chris Isidore, CNN (CNN) — For nearly 60 years, Publishers Clearing House had been known for changing individuals’ lives, fulfilling their dreams with prize money it promised would keep coming for as long as they lived. But now the company is in bankruptcy, and winners’ dreams have turned into nightmares. ARB Interactive, a mobile

By Clare Duffy, CNN New York (CNN) — In the late 1970s, a startup founded by Larry Ellison and two fellow computer programmers got a big break in the form of a CIA contract to build a database program code-named Oracle, which later became the name of the company. Now, nearly 50 years after its

By Jeanne Sahadi, CNN (CNN) — With so many unsettling things happening beyond your — or any individual’s — control, it sometimes can help to proactively do something concrete that would be helpful to you and your family. Take, as just one example, the state of the US economy. There is no shortage of confusing

By Brian Stelter, Hanna Park, CNN (CNN) — President Donald Trump says he is filing an audacious lawsuit against The New York Times, alleging defamation and accusing the outlet of being a “virtual mouthpiece” for the Democratic Party. The lawsuit demands $15 billion in damages, which exceeds the entire market cap of The New York

By Elisabeth Buchwald, Dan Berman, CNN (CNN) — President Donald Trump cannot remove Lisa Cook from the Federal Reserve’s Board of Governors for now, a federal appeals court said in an emergency ruling Monday, just hours before the central bank’s two-day monetary policy meeting was set to kick off. The decision from the US Court

By Bryan Mena, Morgan Rimmer, CNN (CNN) — Stephen Miran, one of President Donald Trump’s top economic advisers, on Monday was confirmed by the Senate to serve on the Federal Reserve’s powerful Board of Governors, hours before the Fed’s two day monetary policy meeting begins. The Senate voted 48-47 to confirm Miran. Sen. Lisa Murkowski

By Brian Stelter, CNN (CNN) — Longtime Washington Post writer Karen Attiah says she has been fired from the publication’s Opinions department for “speaking out against political violence, racial double standards, and America’s apathy toward guns.” The Post, which has been overhauling the entire department, declined to comment on personnel matters. But Attiah’s Post biography

By Matt Egan, CNN New York (CNN) — In his latest bid to reshape the American economy, President Donald Trump has endorsed ending the decades-long practice of public companies sharing their financial results once each quarter. Such a move would represent a dramatic shift aimed at combating short-term thinking inside C-Suites obsessed with pleasing investors

By Chris Isidore, CNN (CNN) — Elon Musk just spent $1 billion of his own money to buy additional shares Tesla, giving the previously battered stock the vote of confidence needed to complete a comeback and turn positive for the year. The purchase, made Friday and disclosed in a filing Monday, represents a rare action

By Christopher Lamb, CNN (CNN) — Pope Leo XIV has criticized how the salaries of chief executives dwarf those of their employees, singling out Tesla’s trillion-dollar compensation package for Elon Musk. Leo, speaking during his first sit-down media interview, cited income inequality as one of the factors behind polarization in society. “CEOs that 60 years

WLS By Christopher Lamb, CNN (CNN) — Pope Leo XIV has criticized how the salaries of chief executives dwarf those of their employees, singling out Tesla’s trillion-dollar compensation package for Elon Musk. Leo, speaking during his first sit-down media interview, cited income inequality as one of the factors behind polarization in society. “CEOs that 60

By Nectar Gan, David Goldman, CNN Hong Kong (CNN) — China significantly escalated its trade standoff with the United States Monday, saying that tech giant Nvidia, the most valuable company on the US stock market and a key provider of artificial-intelligence chips, had violated anti-monopoly laws. Chinese regulators’ announcement of the results of their preliminary

By Lisa Eadicicco, CNN New York (CNN) — Meta CEO Mark Zuckerberg made a bold claim on the social media giant’s earnings call in July. People without smart glasses may one day be at a “significant cognitive disadvantage” compared to those who do use the tech, he told analysts. That vision for the company’s future