Money

By Elisabeth Buchwald, CNN (CNN) — The US government has collected $1 billion in de minimis tariff revenue since rolling back the exemption on low-value packages this spring, according to new data that Customs and Border Protection shared exclusively with CNN. The exemption applied to goods worth less than $800 and contributed to the proliferation

By Brian Stelter, CNN (CNN) — The Oscars telecast will move from broadcasting to streaming in 2029, switching from ABC to YouTube — a watershed moment for the entertainment business. The Academy of Motion Picture Arts and Sciences said Wednesday that YouTube signed a “multi-year deal” for the “exclusive global rights to the Oscars.” The

By Chris Isidore, CNN (CNN) — Federal prosecutors have charged top executives at the subprime auto lender Tricolor with conspiring to defraud lenders and investors of the now-bankrupt company. Tricolor, which went out of business in September, specialized in offering loans and selling used cars to buyers without Social Security numbers or credit histories, often

By Liam Reilly, CNN (CNN) — Warner Bros. Discovery has officially rejected Paramount’s hostile takeover bid, advising its shareholders to do the same. But the battle is far from over. Let’s break down what just happened and what to expect next. So, what just happened? Early Wednesday morning, Warner Bros. Discovery, CNN’s parent company, published

By Lauren Kent, Olesya Dmitracova, CNN (CNN) — The European Union is on the precipice of a momentous decision on whether to use frozen Russian assets to finance more support for Ukraine, an unprecedented plan that has set up a clash between the many member states that support it and Belgium, where the lion’s share

By Chris Isidore, CNN (CNN) — California is threatening to ban sales of Tesla cars in the state for 30 days after a regulator said the term “Autopilot” for its driver assist feature constitutes false advertising. The California Department of Motor Vehicles could have halted Tesla sales in the state immediately, under terms of a

By Brian Stelter, CNN (CNN) — Warner Bros. Discovery is officially rejecting Paramount’s buyout offer, calling it “illusory” and arguing that the existing plan to sell most of the media company to Netflix is a better deal for shareholders. Warner, abbreviated as WBD, is the parent company of CNN. On Wednesday morning, the company filed

By Lisa Eadicicco, CNN (CNN) — One of the Apple Watch’s biggest threats has no screen, weighs about a fifth of an ounce and charges a monthly subscription for most of its features. Yet Oura is on pace for $1 billion in sales this year, boosted by its presence on the fingers of celebrities including

By Jeanne Sahadi, CNN (CNN) — The One Big Beautiful Bill Act, which was signed into law in July, created several new tax provisions and made changes to others that are in effect for this year. So it’s worth having the rundown of some of the key ones before preparing your 2025 tax return. Some

By Nayeli Jaramillo-Plata, Matt Egan, CNN New York (CNN) — President Donald Trump promised voters in 2024 that if they returned him to the White House, his policies would deliver a blue-collar jobs boom. “We’re going to have a manufacturing boom,” Trump said during a September 2024 rally in battleground Georgia. Trump said his policies

By Lianne Kolirin, CNN London (CNN) — Plans to ban the sale of new combustion engine cars in the European Union by 2035 have been thrown into turmoil after pressure from car manufacturers. On Tuesday, the European Commission proposed applying the ban, approved in 2023, to only 90% of vehicles, down from 100%. This means

By David Goldman, CNN (CNN) — America’s cost-of-living problem is simple math: Inflation spiked several years ago and paychecks haven’t had enough time to catch up. The latest jobs report revealed Tuesday that the problem got even worse last month – and a separate inflation report Thursday could show that the crunch is really on.

By Brian Stelter, Liam Reilly, CNN (CNN) — After months of speculation about his future on the radio, Howard Stern has signed a new contract with SiriusXM. Stern announced his new deal with the satellite radio giant on his show Tuesday morning. “I’m happy to announce that I figured out a way to have it

By Jack Guy, CNN (CNN) — “Slop,” a term used to describe low-quality digital content, has been named word of the year by the Merriam-Webster dictionary. The dictionary defines slop as “digital content of low quality that is produced usually in quantity by means of artificial intelligence.” A statement from Merriam-Webster cites examples such as

By Chris Isidore, CNN (CNN) — President Donald Trump has a tiny solution to a big problem: have US factories manufacture very small cars, like the ones found in Asia and Europe, to drive down giant price tags. “Manufacturers have long wanted to do this, just like they are so successfully built in other countries,”

By Alicia Wallace, CNN (CNN) — The US labor market grew even more exclusive in November. Unemployment rose to a four-year high of 4.6% in November, and the economy added 64,000 jobs last month, new data from the Bureau of Labor Statistics showed Tuesday. Last month’s job gains, which came in higher than expected, followed

By Chris Isidore, CNN (CNN) — Ford on Monday said it is pulling back on its electric vehicle plans, a move that will result in a $19.5 billion charge against its earnings to be taken mostly in the current quarter. But excluding that charge, the company said this should actually be a fairly good quarter

By Clare Duffy, CNN New York (CNN) — The US government is launching an early career hiring and talent development program to bring more technology and artificial intelligence employees to the public sector, as part of the Trump administration’s efforts to modernize government systems and stay ahead in the global tech race. The launch of

CNN By Matt Egan, CNN New York (CNN) — Donald Trump’s return to the White House set off a gold rush on Wall Street and in the crypto world. Companies and crypto projects linked to Trump and his family exploded in value as traders bet they would benefit from the president’s return to power. A

By Matt Egan, CNN New York (CNN) — Donald Trump’s return to the White House set off a gold rush on Wall Street and in the crypto world. Companies and crypto projects linked to Trump and his family exploded in value as traders bet they would benefit from the president’s return to power. A year

By Auzinea Bacon, CNN (CNN) — Vinyl records are popular again, but it’s not just audiophiles or nostalgic boomers fueling the resurgence. Gen Z is playing an outsized role in the revival of vinyl sales, which have grown on average by 18% annually in the past five years. About 60% of Gen Z say they

By Eryn Mathewson, CNN (CNN) — The cost of child care nearly doubled Emily Wildau’s mortgage. Then last month, New Mexico launched universal child care. The free child care saves Wildau, a mother to an 11-month-old son in Albuquerque, about $21,000 a year, allowing financial breathing room that her family had never imagined before. “We

By Jordan Valinsky, CNN New York (CNN) — Target hopes that a recapturing of its cultural cachet will spark a turnaround for its business. It’s turning to a fashion-forward New York neighborhood to get started. The chain unveiled its first-ever concept store in SoHo this week, adorned with stylish apparel, designer collaborations, and beauty products

By Toni Odejimi, CNN (CNN) — The Powerball jackpot continues to grow, reaching an estimated $1.1 billion after there were no big winners in Saturday night’s drawing. The winning numbers Saturday were 1, 28, 31, 57, 58, with a Powerball of 16. While there were no big winners, two tickets – sold in North Carolina

By Chris Isidore, CNN (CNN) — Whether or not anyone wins the billion-dollar Powerball jackpot on Saturday, at least one of the losers might already be known: Mega Millions. Powerball tickets, priced at $2 apiece, are selling briskly, as lottery tickets tend to do around ten-figured advertised prizes. In contrast, the next Mega Millions jackpot

By John Towfighi, CNN (CNN) — President Donald Trump on Thursday ordered a review of two major proxy advisory firms — companies that advise shareholders on votes — that had previously drawn the ire of Tesla CEO Elon Musk and others in Corporate America. The executive order singles out the two biggest players in the

By Chris Isidore, Tami Luhby, CNN (CNN) — A group of House Republicans handed President Donald Trump a rare rebuke on Thursday, voting to restore collective bargaining rights he had stripped from about 1 million federal workers earlier this year. But the legislation still faces significant hurdles before it can become law and aid the

By Chris Isidore, CNN (CNN) — The next signs of the nation’s political divide might be jingling in your pocket next year. The administration plans to issue a $1 coin with President Donald Trump’s likeness on it next year, despite a century-old precedent of not honoring sitting, or even living former, presidents on coins. Instead

By Toni Odejimi, CNN (CNN) — Wednesday night’s Powerball drawing went without a jackpot winner, pushing the top prize to an estimated $1 billion for Saturday. It’s the second largest of this year, lagging only the $1.787 billion Powerball jackpot in September, claimed by two winners in Missouri and Texas. If it seems like jackpots

Story by Associated Press New York (AP) — Onetime cryptocurrency mogul Do Kwon was sentenced Thursday to 15 years in prison after a $40 billion crash revealed his crypto ecosystem to be a fraud. Victims said the 34-year-old financial technology whiz weaponized their trust to convince them that the investment — secretly propped up by

By Samantha Waldenberg, Hadas Gold, Clare Duffy, CNN (CNN) — President Donald Trump on Thursday signed an executive order that blocks states from enforcing their own regulations around artificial intelligence and instead aims to create a “single national framework” for AI. “This is an executive order that orders aspects of your administration to take decisive

By Lianne Kolirin, CNN (CNN) — There is certainly some irony in one of the questions most commonly posed to Alexa this year: “What does AI mean?” Amazon’s Artificial Intelligence (AI) assistant has become a regular feature in 21st century homes, used for tasks such as playing music, setting recipe timers and forecasting the weather.

By Hadas Gold, CNN (CNN) — Disney is taking a $1 billion equity stake in OpenAI, while also striking a deal that would allow its famous characters be used on Sora, the AI company’s video generation platform. Disney’s investment in OpenAI is the first such major licensing agreement for Sora. Under the agreement, users of

By Jordan Valinsky, CNN New York (CNN) — Time has announced that the “architects of AI” are its Person of the Year. Certainly, AI is wrapping up an extraordinary year, and many AI business executives have become household names. But Time’s big annual event came on a lousy day for the industry. Oracle (ORCL) shares

By Clare Duffy, CNN New York (CNN) — AI-generated videos showing what appear to be underage girls in sexualized clothing or positions have together racked up millions of likes on TikTok, even though the platform’s rules prohibit such content, according to new research from an online safety non-profit. Researchers found more than a dozen accounts

By Chris Isidore, CNN (CNN) — President Donald Trump is blaming his predecessor, Joe Biden, for the affordability concerns that are roiling the US economy – and politics. Many voters, meanwhile, are blaming Trump for their financial woes. Both sides might be wrong. Biden and Trump both made policy decisions that affected consumer costs, such

By Ana Nicolaci da Costa, Olesya Dmitracova, CNN London (CNN) — Shortly after beginning his second term in January, US President Donald Trump launched a chaotic trade war, raising tariffs on scores of countries, then changing some and agreeing to a number of tentative trade deals. The average US import tax is now at its

By Brian Stelter, CNN (CNN) — President Donald Trump inserted himself directly into the battle for control of Warner Bros. Discovery on Wednesday, saying, “It’s imperative that CNN be sold,” while deriding the network’s news coverage. Trump’s comments during a White House roundtable indicated that he favors Paramount’s hostile takeover bid for Warner Bros. Discovery,

By Jeanne Sahadi, CNN (CNN) — Thanks to its latest decision on Wednesday – its final one for 2025 – the Federal Reserve has now reduced its key overnight lending rate by 1.75 percentage points since it began its rate-cutting cycle in September 2024. Since the Fed funds rate affects a ton of consumer lending

By Chris Isidore, Jackie Wattles, CNN (CNN) — Elon Musk, already the world’s richest man, could soon be much richer. Bloomberg reports he’s planning one of the largest initial public offerings in history for SpaceX. Musk’s space company plans to raise $30 billion next year, Bloomberg reported, and an IPO could value the company at

By Jordan Valinsky, CNN New York (CNN) — Online grocery delivery service Instacart used AI to charge different prices for the same item, up to 20% more for different shoppers, a new report says. An investigation from Consumer Reports and Groundwork Collaborative revealed Tuesday that Instacart displayed different prices on the same household staples sold

By Elisabeth Buchwald, CNN (CNN) — Paramount and Netflix are in a vicious tug-of-war over Warner Bros. Discovery. On one side of the rope: the suitor WBD’s board signed off on, Netflix, which announced a $72 billion deal last week. On the other side, the suitor the board turned down, Paramount, which is resorting to

By Hadas Gold, CNN (CNN) — A new pro-AI network of political action committees is releasing its first candidate ads in the 2026 midterms, as the debate around artificial intelligence ramps up ahead of the elections. The ads from Leading the Future, a pro-AI bipartisan network of associated PACs, focus on congressional races in Texas

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve on Wednesday lowered interest rates again in a continued effort to keep the labor market intact, despite objections from several key Fed officials who believe the central bank should be prioritizing the higher cost of living instead. However, it may be the last rate cut

By Matt Egan, CNN New York (CNN) — A new problem is threatening to worsen the affordability squeeze this winter: Natural gas prices have raced back up just as extreme cold forces Americans to crank up the heat. President Donald Trump has said he’s focused on lowering energy prices. And the most visible energy price

CNN By Matt Egan, CNN New York (CNN) — A new problem is threatening to worsen the affordability squeeze this winter: Natural gas prices have raced back up just as extreme cold forces Americans to crank up the heat. President Donald Trump has said he’s focused on lowering energy prices. And the most visible energy

By Clare Duffy, CNN New York (CNN) — A world-first ban on major social media platforms for children under the age of 16 goes into effect in Australia on Wednesday. And regulators, parents and teenagers around the globe are watching closely to see how it plays out. The law comes after years of concerns that

By Clare Duffy, CNN New York (CNN) — Nearly a third of US teenagers say they use AI chatbots daily, a new study finds, shedding light on how young people are embracing a technology that’s raised critical safety concerns around mental health impacts and exposure to mature content for kids. The Pew Research Center study,

By Alicia Wallace, CNN (CNN) — In a K-shaped economy where the “have-nots” are increasingly falling behind the “haves,” the labor market is trending toward a similar fate. Job opportunities didn’t shrink as feared in October as holiday staffing needs lifted openings to a five-month high, new shutdown-delayed data showed Tuesday. However, the latest official

By Jordan Valinsky, CNN New York (CNN) — Black currant’s origins are in Europe and central Asia, but spice maker McCormick predicts the tart berry will soon be big in American dishes and drinks. McCormick has named black currant as its 2026 “Flavor of the Year,” part of its annual report on dining trends that

By Chris Isidore, CNN (CNN) — August Code works at the first ever Starbucks location to unionize in 2021. But four years after that vote, he and his co-workers in Buffalo, New York, are still waiting on their union contract. “I would have imagined we would have seen a contract a long time ago,” Code

By John Towfighi, CNN New York (CNN) — Just a few weeks ago, the stock market stumbled over fears that artificial intelligence stocks might be in a bubble. Now stocks are back within reach of a record high. Thank the Federal Reserve. The market has rebounded from a dip in early November as investors have

CNN, POOL, SENATE TV, SEE PREFONTS By John Towfighi, CNN New York (CNN) — Just a few weeks ago, the stock market stumbled over fears that artificial intelligence stocks might be in a bubble. Now stocks are back within reach of a record high. Thank the Federal Reserve. The market has rebounded from a dip

By Jeanne Sahadi, CNN (CNN) — Large US companies have made progress – albeit slowly – over the past decade when it comes to increasing the number of women in management and leadership roles on every rung of the corporate ladder. But reported changes in company priorities this year coupled with employees’ reported experiences suggest

By David Goldman, CNN (CNN) — President Donald Trump on Monday said Mexico was treating America’s farmers unfairly, and he threatened the country with his favorite economic weapon: Higher tariffs. Trump said in a Truth Social post that Mexico is violating its water treaty with the United States, hurting Texas farmers’ ability to nourish their

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump on Monday announced he’s removing export controls on Nvidia’s H200 chips to China, a key reversal in what’s become part of a broader trade war between the world’s two biggest economies. H200s – the second most-powerful AI chip in Nvidia’s inventory – are vital for completing

By Elizabeth Wagmeister, CNN New York (CNN) — Jimmy Kimmel has renewed his contract with Disney-owned ABC to continue hosting “Jimmy Kimmel Live!” for another year. A source familiar with the deal told CNN that Kimmel has signed a one-year extension to take his late-night show through May 2027. CNN has reached out to ABC

By Clare Duffy, CNN New York (CNN) — ICEBlock app creator Joshua Aaron is suing the Trump administration, accusing it of abusing government power and infringing on his free speech by pushing Apple to remove ICEBlock from its app store. Aaron argues that ICEBlock — which was designed to allow users to alert others nearby

By Lisa Eadicicco, CNN (CNN) — How often do you reach for your phone to get directions, answer a video call or Google something? Probably more times than you can count. Google wants to change that, and it’s not alone. The search giant is part of a growing cohort of tech companies betting big on

By Elisabeth Buchwald, CNN New York (CNN) — Paramount Skydance on Monday launched a hostile takeover bid for Warner Bros. Discovery, moving directly to appeal to shareholders with an all-cash offer that it says represents better value than the $72 billion deal Netflix and WBD announced Friday. A hostile takeover occurs when a company makes

CNN By David Goldman, CNN (CNN) — Paramount has gone straight to Warner Bros. Discovery’s shareholders with an all-cash offer in an extraordinary endeavor to gain control of Hollywood’s most sought-after prize – a bid that Netflix beat on Friday. Paramount was widely expected to be the frontrunner for Warner Bros. But WBD opted instead

By Clare Duffy, CNN New York (CNN) — President Donald Trump confirmed on Monday he plans to sign an executive order preempting artificial intelligence regulations at the state level with his more hands-off federal policy. “There must be only One Rulebook if we are going to continue to lead in AI,” Trump said in a

By David Goldman, CNN (CNN) — Paramount has gone straight to Warner Bros. Discovery’s shareholders with an all-cash offer in an extraordinary endeavor to gain control of Hollywood’s most sought-after prize – a bid that Netflix beat on Friday. Paramount was widely expected to be the frontrunner for Warner Bros. But WBD opted instead for

By Jordan Valinsky, CNN New York (CNN) — A number of changes were announced Monday in the leadership ranks of Warren Buffett’s Berkshire Hathaway as the 95-year-old gets ready to end his tenure. In a letter, Buffett said that Todd Combs – head of Geico, the insurance company owned by Berkshire Hathaway – is leaving

By Brian Stelter, CNN (CNN) — Nora Benavidez of the nonprofit advocacy group Free Press set out to catalog the Trump administration’s First Amendment infringements. She soon had a list of almost 200. That list is part of a new report, previewed by CNN and out Monday, about President Trump and his administration’s “war on

By Auzinea Bacon, CNN (CNN) — Sequels are the gift that keeps on giving for Hollywood this holiday season. Universal Pictures’ “Five Nights at Freddy’s 2” zoomed past Disney’s “Zootopia 2” to take the top spot at the weekend box office. The video game adaptation grossed an estimated $63 million domestically. “Freddy’s 2” blew past

LIONSGATE MOVIES, GKIDS, UNIVERSAL PICTURES, WALT DISNEY PICTURES, CNN By Auzinea Bacon, CNN (CNN) — Sequels are the gift that keeps on giving for Hollywood this holiday season. Universal Pictures’ “Five Nights at Freddy’s 2” zoomed past Disney’s “Zootopia 2” to take the top spot at the weekend box office. The video game adaptation grossed

By Auzinea Bacon, CNN (CNN) — Netflix announced Friday that it has agreed to acquire Warner Bros. Discovery’s film studio and HBO assets, including the streaming service, for $82.7 billion, including debt. Netflix outbid media conglomerates Paramount and Comcast in a bidding war that began after Warner Bros. Discovery announced in June that it would

By David Goldman, CNN (CNN) — Netflix’s shocking $72 billion bid to buy Warner Bros. and HBO is the rare corporate mega-merger that can shift the tectonic plates of an entire industry and permanently change the way all of its participants do business. In other words: It’s the kind of deal that could force antitrust

By Lisa Eadicicco, CNN (CNN) — Apple for decades has been known for a consistent string of design-forward, tech-defining consumer products that have shaped how people use technology. Now the company known for its steadiness is going through a shakeup at the top, as both Apple and the tech industry at large are at a

By Brian Stelter, CNN This is a David and Goliath story – with a twist. Almost exactly 15 years ago today the owner of Warner Bros. and HBO pushed back on Hollywood and Wall Street hype about a streaming upstart named Netflix. The 2010 quote from Jeff Bewkes in The New York Times is now

By Chris Isidore, CNN (CNN) — First the penny. Next, paper checks? When the US Mint stopped making pennies last month for the first time in 238 years, it drew a lot of attention. But there have been quiet moves to stop using paper checks as well. The government stopped sending out most paper checks

By Alicia Wallace, CNN (CNN) — The last piece of official inflation data to land before the Federal Reserve’s policymaking meeting next week was a shutdown-delayed report that showed the pace of price hikes remained stubborn in September and consumer spending waned after a summer splurge. The Personal Consumption Expenditures price index — the inflation

CNN By Brian Stelter, CNN (CNN) — Netflix has triumphed in the bidding war for Warner Bros. and HBO, announcing a deal that could combine two of the three biggest streamers with one of the largest traditional movie and television studios. If the deal goes through, it will fundamentally reshape Hollywood at a precarious time

By Brian Stelter, CNN (CNN) — Netflix has triumphed in the bidding war for Warner Bros. and HBO, announcing a deal that could combine two of the three biggest streamers with one of the largest traditional movie and television studios. If the deal goes through, it will fundamentally reshape Hollywood at a precarious time for

By Lisa Eadicicco, CNN (CNN) — Fancy cameras, giant screens and massive storage usually make smartphones more expensive. But next year, it’s a routine component that might be boosting prices: memory. And it’s not just phones. Any device that uses memory, from phones to tablets and smartwatches, could get pricier. Memory prices are rising for

By John Liu, CNN (CNN) — Taiwan’s government has ordered a one-year block of a popular, Chinese-owned social media app following its failure to cooperate with authorities over fraud-related concerns. Xiaohongshu, also known as RedNote, has surged in popularity among young Taiwanese in recent years, amassing 3 million users in the self-ruled democracy of 23

By Brian Stelter, CNN (CNN) — Netflix has submitted the highest bid to date for Warner Bros. Discovery’s studio and streaming assets, according to people familiar with the secretive bidding process. Netflix’s most recent offer, submitted on Thursday, valued the Warner Bros. studio, HBO Max streaming service and related parts of the company at around

By Samantha Delouya, CNN (CNN) — A major congressional watchdog has opened an investigation into Federal Housing Finance Agency Director Bill Pulte, who has helped spark probes into several of President Donald Trump’s perceived political enemies, over possible misuse of authority. On Thursday, the Government Accountability Office (GAO) said it would act on Senate Democrats’

By Brian Stelter, CNN (CNN) — The “CBS Evening News” needs a new anchor — and soon. Maurice DuBois, who has co-anchored the storied broadcast alongside John Dickerson since January, is leaving the network later this month. Dickerson already announced his departure back in October. So this means the unusual co-anchor pairing on the 6:30

By Ana Nicolaci da Costa, CNN London (CNN) — The number of billionaires worldwide – and their combined wealth – reached record highs this year, buoyed in particular by gains in tech stocks, Swiss bank UBS has found. The world had 2,919 billionaires on April 4, when UBS completed that part of its research, the

CNN By Lex Harvey, CNN (CNN) — The biggest event in New Zealand on Thursday may have been the opening of a furniture store. Eager shoppers counted down “3… 2…1” and waved Swedish flags as the doors opened to IKEA’s most distant outpost from its motherland. Thunderous applause rang out as crowds rushed inside the

By Lex Harvey, CNN (CNN) — The biggest event in New Zealand on Thursday may have been the opening of a furniture store. Eager shoppers counted down “3… 2…1” and waved Swedish flags as the doors opened to IKEA’s most distant outpost from its motherland. Thunderous applause rang out as crowds rushed inside the furniture

By John Towfighi, CNN (CNN) — The Trump administration is looking Down Under for inspiration on how to improve the United States’ retirement savings system. President Donald Trump on Tuesday said at the White House that his administration is looking into an Australian-style retirement program. “We’re looking at it very seriously,” Trump said. “It’s a

By Jeanne Sahadi, John Towfighi, CNN (CNN) — President Donald Trump on Tuesday formally introduced his ‘Trump Account” program with a twist: A multibillion-dollar donation from Michael and Susan Dell would expand the program’s eligibility to more children. The investment accounts could help tens of millions of American families save for their children. But critics

By Alicia Wallace, CNN (CNN) — Small businesses are starting to crack amid a weakening economy, rising costs and fickle consumers; and they drove job losses in the US private sector in November, payroll giant ADP reported Wednesday. ADP’s latest monthly look at private-sector employment showed that about 32,000 jobs were lost last month, marking

By Chris Isidore, CNN (CNN) — Prepare for automotive sticker shock next year – again. Average new car prices briefly topped $50,000 in September for the first time, before slipping back under that level in October. But now, automotive experts say, car prices are headed back over that level. And this time, they might stay

By Nathaniel Meyersohn, CNN New York (CNN) — Constellation Brands, the US owner of Modelo Especial and Corona, bet big on Latino customers for growth. But that strategy is unraveling under the Trump administration’s mass deportation push. Many Latino consumers, both legal and undocumented, are fearful of venturing out in public to stores, restaurants and

By Samantha Delouya, CNN (CNN) — Larry Summers has been banned for life from the American Economic Association, a professional organization for economists with more than 17,000 members, over his ties to the late sex offender Jeffrey Epstein. In a statement on Tuesday, the group said it had accepted Summers’ voluntary resignation. “Effective immediately, the

By John Towfighi, CNN (CNN) — Michael and Susan Dell on Tuesday announced that they are donating $6.25 billion to fund investment accounts for at least 25 million American children. The enormous pledge will go toward helping fund “Trump Accounts,” a new initiative that offers investment accounts for children. The “Trump Accounts” were established as

CNN By Chris Isidore, CNN (CNN) — Store workers may not be quite as helpful this holiday shopping season. That’s a potentially worrying sign for the economy. Retailers typically load up on temporary staff in the final months of the year to help contend with the holiday rush. But the National Retail Federation forecasts a

By Chris Isidore, CNN (CNN) — Store workers may not be quite as helpful this holiday shopping season. That’s a potentially worrying sign for the economy. Retailers typically load up on temporary staff in the final months of the year to help contend with the holiday rush. But the National Retail Federation forecasts a sharp

By Matt Egan, CNN New York (CNN) — The last time gasoline was this cheap, 4% inflation seemed alarming, JD Vance was still a private citizen and the United States had only just begun its messy withdrawal from Afghanistan. Gas prices dropped below an average of $3 a gallon in the United States on Tuesday

By Matt Egan, CNN New York (CNN) — Black Friday once again proved that Americans are willing to shop when they spot bargains. Mastercard reported a steady 4.1% increase in US retail sales on Black Friday and Adobe Analytics said online shopping surged by 9.1%. Salesforce expects Cyber Monday sales to also climb by 4%.

By Ana Nicolaci da Costa, Maisie Linford, CNN London (CNN) — Airbus has identified an issue affecting “a limited number” of metal panels in its A320 passenger planes, a spokesperson for the company said Monday, just days after warning of another technical problem in its aircraft. The plane manufacturer is inspecting all aircraft that are

By Auzinea Bacon, CNN (CNN) — Teddy bears and stuffed plushies have long been a mainstay in toy collections. But today they don’t talk back in a child’s imagination — some talk through built-in AI chatbots. Sometimes that’s a problem, though: A scarf-wearing teddy bear recently went off the rails during a playtest with researchers

By Auzinea Bacon, CNN (CNN) — Walt Disney Animation’s “Zootopia 2” and Universal’s Broadway musical adaptation “Wicked: For Good” delivered movie theaters a much-needed one-two punch for the holiday weekend box office. “Zootopia 2” debuted on Wednesday, kicking off a five-day Thanksgiving opening weekend. Its $156 million estimated gross is the second-best five-day Thanksgiving debut,

UNIVERSAL PICTURES, WALT DISNEY PICTURES, LIONSGATE MOVIES, 20TH CENTURY STUDIOS, PARAMOUNT PICTURES, CNN By Auzinea Bacon, CNN (CNN) — Walt Disney Animation’s “Zootopia 2” and Universal’s Broadway musical adaptation “Wicked: For Good” delivered movie theaters a much-needed one-two punch for the holiday weekend box office. “Zootopia 2” debuted on Wednesday, kicking off a five-day Thanksgiving