Money

By John Towfighi, CNN New York (CNN) — Stocks fell, gold moved higher and volatility picked up Monday as uncertainty about President Donald Trump’s new proposed tariffs and nerves about artificial intelligence weighed on Wall Street. The Dow closed lower by 823 points, or 1.66%, and posted its worst day in one month. The broader

By Julian Torres, CNN New York (CNN) — With the Trump administration effectively dismantling automotive emissions regulations, cars on dealership lots could see some changes. Your next car could be bigger, with fewer fully electric options – but it also might be a hybrid. The repeal of the Environmental Protection Agency’s 2009 endangerment finding effectively

By Auzinea Bacon, CNN (CNN) — President Donald Trump said on Saturday that he will increase the global tariffs he imposed a day earlier to 15% from 10% following an adverse ruling at the Supreme Court. The court on Friday ruled that Trump exceeded his authority with the way he imposed tariffs on trading partners

By Matt Egan, CNN (CNN) — Jeffrey Epstein is once again haunting one of the most powerful firms on Wall Street: Apollo Global Management. Five years after the Epstein scandal forced billionaire Leon Black to step down as Apollo’s CEO, the recent release of millions of documents related to Epstein show Black’s replacement, current CEO

By Elisabeth Buchwald, CNN (CNN) — When President Donald Trump announced plans to raise the nation’s effective tariff rate to levels not seen since 1930 last year, most CEOs were silent. They’d seen how opposing the president’s ambitions – let alone his signature economic policy – could prove even more costly than the policies he

By Matt Egan, David Goldman, CNN (CNN) — Now that the Supreme Court has taken away a significant chunk of President Donald Trump’s tariff-wielding authority, what does that mean for your prices? “Nothing,” said Stephanie Roth, chief economist at Wolfe Research. That’s because Trump has other tariff levers to pull. The Supreme Court noted other

By Jordan Valinsky, CNN New York (CNN) — Attention, Topo Chico fans: Brace yourself for a possible shortage that could stretch into the summer. Coca-Cola, which owns the carbonated mineral water brand, said the flagship product sold in glass bottles is “temporarily unavailable” in the United States because of “facility upgrades at the water source

By Elisabeth Buchwald, CNN (CNN) — The battle is just starting for the 300,000 businesses that want $134 billion in tariffs refunded. As it turns out, convincing six Supreme Court justices that President Donald Trump overstepped his authority in imposing sweeping tariffs relying on emergency economic powers was the easy part. The hard part: Getting

By Bryan Mena, Alicia Wallace, CNN Washington (CNN) — The US economy grew at a much slower pace in the final months of 2025 as the historic government shutdown weighed on economic activity, ending a year that saw the weakest growth since the pandemic. Still, it was far from the worst-case scenario economists feared when

By Vanessa Yurkevich, CNN New York (CNN) — Egg prices have been plummeting. That’s great news for American shoppers, but bad news for American farmers. The average price of a dozen eggs at the grocery store is $2.58, according to the Bureau of Labor Statistics. That’s about half of what many consumers were paying a

By John Towfighi, CNN (CNN) — JPMorgan Chase on Thursday hit back at President Donald Trump’s debanking lawsuit against the company and CEO Jamie Dimon, filing to move the case from Florida state court to federal court and arguing the president’s initial lawsuit “fraudulently” included Dimon. JPMorgan Chase lawyers wrote in a notice, first reported

By Ramishah Maruf, Clare Duffy, CNN New York (CNN) — The West Virginia attorney general’s office sued Apple on Thursday, claiming the tech giant allowed child sexual abuse materials (CSAM) to be stored and distributed on its iCloud service. The lawsuit claims that Apple prioritized user privacy over child safety for years. The company has

By John Towfighi, CNN (CNN) — Oil prices jumped Thursday to their highest level in nearly seven months and investors snapped up safe havens like gold, as tensions between the United States and Iran continue to flare. Brent crude, the global benchmark, rose 1.86%, to $71.66 per barrel. US crude rose 1.9%, to $66.43 per

By Nathaniel Meyersohn, CNN New York (CNN) — Amazon has surpassed Walmart as the world’s largest company, measured by sales, breaking Walmart’s 13-year streak at the top of the list. Amazon posted $717 billion in sales in 2025. Walmart, the largest company in the world for more than a decade, recorded $713 billion in sales

By Chris Isidore, CNN (CNN) — The day before Philip Siefke went shopping for a new car insurance policy, he happened to hit his brakes hard while driving. Not 24 hours later, when he priced a policy with Progressive, he was shocked to find the insurer already knew about that mundane experience. “I’m like, how

By Lisa Eadicicco, CNN (CNN) — AI is either your most helpful coworker, a glorified search engine or vastly overrated depending on who you ask. And no one seems to agree on which is right. Tech executives championing AI have long spun the narrative that the tech will revolutionize jobs and bring about a new

By Hanna Ziady, CNN London (CNN) — Nestlé has thawed on ice cream. The world’s biggest food and drinks maker said Thursday that it was in “advanced negotiations” to sell its remaining ice cream business to its joint venture partner, Froneri. The division, which includes brands such as Häagen-Dazs and Drumstick, is valued at just

CNN, MONA EDWARDS By Clare Duffy, Samantha Delouya, Veronica Miracle, CNN Los Angeles (CNN) — Meta CEO Mark Zuckerberg on Wednesday testified before a jury for the first time about accusations that social media, including Instagram, harm children’s mental health. Kaley, a 20-year-old woman, alleges Instagram and Google’s YouTube were intentionally designed to be addictive

By Clare Duffy, Samantha Delouya, Veronica Miracle, CNN Los Angeles (CNN) — Meta CEO Mark Zuckerberg on Wednesday testified before a jury for the first time about accusations that social media, including Instagram, harm children’s mental health. Kaley, a 20-year-old woman, alleges Instagram and Google’s YouTube were intentionally designed to be addictive — and that

By Alicia Wallace, CNN (CNN) — There’s a widening gap between the haves and the have-nots in the United States, and economists are increasingly sounding the alarm. Income inequality has expanded in a short timeframe, and various economic indicators – including rising delinquency rates – are flashing a warning sign. The “K-shaped” economic recovery may

By Elisabeth Buchwald, CNN (CNN) — National Economic Council Director Kevin Hassett said Wednesday that researchers at the New York Federal Reserve who produced a study finding American businesses and consumers are shouldering 90% of the cost of President Donald Trump’s tariffs should be “disciplined.” “It’s, I think, the worst paper I’ve ever seen in

By Brian Stelter, CNN (CNN) — A recent FCC inquiry to ABC about a possible “equal time” rule violation at “The View” raised concerns at CBS that “The Late Show with Stephen Colbert” could be targeted next, according to people familiar with CBS’s deliberations. The government pressure clearly had an impact. Lawyers for CBS contacted

By Hanna Ziady, CNN London (CNN) — Microsoft says it is on track to invest $50 billion by the end of the decade to help bring artificial intelligence to lower-income countries, as concerns mount over the technology’s potential to deepen inequality. The announcement was made Wednesday at the AI Impact Summit in New Delhi, where

By Matt Egan, CNN New York (CNN) — A growing wave of business leaders has had their careers derailed after the recent release of millions of files linked to convicted sex offender Jeffrey Epstein. Corporate America initially saw limited ramifications after the US Justice Department was forced to release some of the Epstein documents in

CNN By Brian Stelter, CNN (CNN) — Stephen Colbert taped a “Late Show” interview with James Talarico, a candidate in the Democratic Senate primary in Texas. But he says CBS lawyers intervened before the interview could air on TV. “We were told in no uncertain terms by our network’s lawyers, who called us directly, that

By Bryan Mena, John Towfighi, CNN New York (CNN) — Advances in AI are unlikely to push down interest rates in the short term, a key Federal Reserve official said Tuesday — a stark contrast to Fed Chair nominee Kevin Warsh’s plan for slashing borrowing costs. “I expect that the AI boom is unlikely to

By Brian Stelter, CNN (CNN) — Stephen Colbert taped a “Late Show” interview with James Talarico, a candidate in the Democratic Senate primary in Texas. But he says CBS lawyers intervened before the interview could air on TV. “We were told in no uncertain terms by our network’s lawyers, who called us directly, that we

By Gordon Ebanks, CNN (CNN) — As state legislatures around the country meet to solidify their budgets for the year ahead, the effects of the One Big Beautiful Bill Act and an uncertain economic future are pushing states to take a hard look at their finances. Fourteen states are facing budget deficits for the next

By Brian Stelter, CNN (CNN) — Warner Bros. Discovery wants to hear Paramount’s “best and final proposal” for the media company, and is opening a brief window for discussions about a bid, while also moving forward with its Netflix merger and urging shareholders to reject Paramount’s current hostile bid. If that sounds convoluted, that’s because

By Hanna Ziady, CNN London (CNN) — The European Union’s data privacy watchdog has launched an investigation into Elon Musk’s X over sexualized images generated by the social media site’s AI chatbot, Grok. The move adds to mounting regulatory pressure on X, which is also facing probes in France and the United Kingdom after thousands

By Clare Duffy, CNN New York (CNN) — Joann Bogard stood in a Capitol Hill hearing room two years ago and watched Mark Zuckerberg apologize to grieving parents who traced the deaths of their children to the online world he helped create. Parents packed the hearing room, holding photos of the children they had lost.

By Hadas Gold, CNN (CNN) — Dr. Alice Chiao used to teach emergency medicine to students at Stanford University’s medical school. Now, she’s teaching artificial intelligence-powered chatbots to think, diagnose and prescribe like her. Chiao is part of a booming new economy of professional experts in their fields who are training AI through a process

By Ramishah Maruf, CNN (CNN) — Billionaire Tom Pritzker announced on Monday he was retiring as executive chairman of Hyatt Hotels after his association with convicted sex offender Jeffrey Epstein was revealed in the latest release of files by the US Justice Department. Pritzker, who has been executive chairman since 2004, also said he won’t

By Hanna Ziady, CNN London (CNN) — AI chatbot providers, including ChatGPT and Grok, are facing a crackdown on illegal content in the United Kingdom, as the government promises swift action to make the internet safer for children. “Today we are closing loopholes that put children at risk, and laying the groundwork for further action,”

By John Towfighi, CNN (CNN) — When Howard Silverblatt first started working on Wall Street, the S&P 500 was at 99.77 points. The week before he retired, the benchmark index was up by 70 times that, to 7,000. That’s an eye-popping increase — but maybe not surprising, considering Silverblatt started his career on May 17,

By John Towfighi, CNN New York (CNN) — A sell-off rippled through software, real estate and trucking stocks this past week as investors worried artificial intelligence could upend some industries — and analysts say the white-knuckle drops might not be over yet. Software stocks bore the initial brunt of AI disruption nerves. But those fears

By Jeanne Sahadi, CNN (CNN) — More than 50 million US private-sector employees don’t have access to a workplace retirement savings plan like a 401(k). But a growing number of states are now requiring most private-sector employers to provide what are known as “auto IRAs” if they don’t already offer a workplace plan. Each employee

By Christian Edwards, CNN (CNN) — Hungary is buying Russian oil despite alternative supplies being available, according to a report that accuses Budapest of failing to pass down to consumers the savings it makes from buying cheap Russian fuels. Instead, the savings become profits for Hungary’s largest oil company, which is part-owned by foundations linked to Prime Minister Viktor Orbán, according to the report from the Center for the Study of Democracy (CSD), a European-based public policy

By Chris Isidore, John Liu, CNN (CNN) — Chinese cars could be at an American dealership sooner than you think, and that’s good news for US consumers. Chinese car companies make more vehicles than anyone else on Earth and export more as well. But high tariffs and hostile US-China trade relations have kept them out

By Michael Ballaban, CNN (CNN) — Big Bad Brody King stood in one corner, long gray-streaked beard jutting out, all hulking muscle and tattoos above his barbed-wire logo trunks. In the other corner, hair combed neatly back and beard tidily trimmed, stood Maxwell Jacob Friedman, the reigning All Elite Wrestling World Champion. With the two

By Julian Torres, CNN New York (CNN) — Not everyone loves the gooey, heart-shaped version of Valentine’s Day. Even for those who celebrate, the pressure to deliver the picture-perfect night can — quite frankly — stink. This Valentine’s Day, some nonprofits and businesses are siding with the jaded lovers of the world. Those skipping romance

By Ramishah Maruf, CNN (CNN) — Affordable beauty brand e.l.f. has unlocked something that’s mystified many retailers: how to win over the ever-persnickety Gen Z. E.l.f.’s formula has included low price points for high-quality items, TikTok-viral dupes of products from expensive brands, and popular marketing campaigns that manage not to make its youngest audience cringe.

By Hadas Gold, CNN (CNN) — AI company Anthropic announced this week it is giving $20 million to a political group campaigning for more regulation of the technology – but its main rival, OpenAI, is telling its employees it won’t be making similar donations. In a memo to staff on Thursday, OpenAI’s chief global affairs

By Jordan D. Brown, CNN (CNN) — Ring, the Amazon-owned video doorbell company, has canceled its partnership with technology firm Flock Safety, the company said Thursday. The termination comes after weeks of backlash over the partnership and Ring’s Super Bowl commercial last Sunday, which advertised a feature for finding lost pets that sparked concerns on

By Auzinea Bacon, CNN (CNN) — Wendy’s said Friday that it plans to shutter between 5% and 6% of its restaurants in the first half of the year. The closures are part of a previously announced turnaround plan, which the fast-food chain said in November would include closing hundreds of restaurants. Twenty-eight stores closed during

By Alicia Wallace, CNN (CNN) — A Friday the 13th economic report appeared to deliver some fortunate news: Annual inflation slowed significantly. However, certain details of the latest Consumer Price Index presented a more sobering picture: Some price pressures aren’t just persisting, they’re accelerating. The January CPI report capped off a week of new data

By Whitney Wild, Andi Babineau, CNN St. Paul, Minnesota (CNN) — Don Lemon pleaded not guilty Friday to federal charges stemming from his presence at a protest at a St. Paul, Minnesota, church last month. He appeared in court flanked by his attorneys, wearing a dark suit with a red tie and his signature black-framed

By Sana Noor Haq, CNN (CNN) — A tycoon from the United Arab Emirates whose intimate friendship with the late sex offender Jeffrey Epstein was revealed in the latest release of files by the US Justice Department has been replaced in his post as head of one of the world’s largest port operators. Sultan Ahmed

By Elisabeth Buchwald, CNN (CNN) — On the surface, the Trump administration’s bet on immigration and jobs seems like simple math: If a swath of workers are removed from the country, employers will need to turn to the workers still in the United States to backfill those jobs. That’s not what’s happening, though. American workers,

By Matt Egan, CNN New York (CNN) — Chocolate lovers are experiencing sticker shock this Valentine’s Day. Consumer prices for chocolate have spiked 14.4% year-over-year during the January 1 to early February window, according to market intelligence firm Datasembly. That’s a significant acceleration from the 7.8% price hike during the same period last year and

By Brian Stelter, CNN (CNN) — A version of this article first appeared in the Reliable Sources newsletter. You can sign up for free right here. Paramount CEO David Ellison returned to the White House last week to meet privately with President Donald Trump, amid Paramount’s ongoing hostile takeover bid for CNN and the rest

By Sophie Tanno, Anna Chernova, CNN (CNN) — Russia has confirmed that it has blocked instant messaging app WhatsApp in the country, instead directing Russian citizens to use its state-backed Max app. The news comes days after it emerged that Russian authorities were restricting access to Telegram, another instant messaging app that is used by

By Nathaniel Meyersohn, CNN New York (CNN) — Mayor Zohran Mamdani wants to tackle huge problems in New York City like housing, mass transit and child care. His starting point? Public bathrooms. There’s a shortage in New York —just one bathroom for every 8,500 residents. Many are musty and the toilets don’t flush. Some double

By Tami Luhby, CNN (CNN) — Laura Kotting figured her home heating bill would be higher than usual because of the recent polar temperatures. But she was not prepared for the latest monthly tab to jump nearly 30% to $200 compared to last year. “My first thought was ‘I’m not going shopping. I’m going to

By Jeanne Sahadi, CNN (CNN) — When it comes to their federal income tax returns, tens of millions of US households pay for tax preparation and filing. Yet many might qualify to do so for free through IRS-approved programs. So why don’t they use them? One reason might be the complexity of the tax code.

By Nathaniel Meyersohn, CNN New York (CNN) — Kraft Heinz is calling off its planned breakup and keeping the company together. The food giant that owns Kraft, Heinz, Oscar Meyer and Philadelphia cream cheese said last year that it was splitting its business in two. The company’s sales had slumped for years, and a breakup

By Chris Isidore, CNN (CNN) — You may not know what neodymium is (or even how to pronounce it). But you have plenty of it in your home. Neodymium is a rare earth, one of the minerals near the bottom of the periodic table that are crucial for everyday life. The element is among the

By John Towfighi, CNN New York (CNN) — US stocks were little changed Wednesday after new data showed the economy added 130,000 jobs in January, exceeding economists’ expectations. Stocks fluctuated between gains and losses. The Dow closed lower by 67 points, or 0.13%. The S&P 500 was flat. The tech-heavy Nasdaq Composite fell 0.16%. The

By Alicia Wallace, CNN (CNN) — US job growth was historically weak last year. And US job growth was significantly stronger than expected at the start of this year. In the January jobs report released Wednesday – a Schrödinger’s cat of employment snapshots – the seemingly opposed dynamics both held true. The US economy added

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