Money

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

By Jeanne Sahadi, CNN (CNN) — Spending the holidays with your adult children and the grandkids? If so, their futures may be on your mind, especially if you sense – or they just flat-out say – they’re not flush enough to buy a home, put their own kids through school, or pay off big debts

By Nathaniel Meyersohn, Auzinea Bacon, CNN (CNN) — US retail sales on Black Friday, the busiest shopping day of the year, climbed 4.1% compared with last year, according to data released Saturday by Mastercard SpendingPulse. Online shoppers alone spent $11.8 billion, up 9.1% from 2024, according to data collection platform Adobe Analytics. But those gains

By Christian Edwards, CNN (CNN) — Hungarian Prime Minister Viktor Orbán met with Russian President Vladimir Putin in Moscow Friday to shore up Hungary’s energy supplies and discuss efforts to end the war in Ukraine. Having spurned chances to reduce its dependence on Russian fossil fuels, Hungary was facing a violent economic shock after the

By Samantha Delouya, Elisabeth Buchwald, CNN (CNN) — Greg Bettinelli discovered Pasta Rummo on his honeymoon in Florence in 2002, at a time when the brand was nearly impossible to find in the United States. He and his wife stuffed their suitcases with as much of it as they could carry. These days, the Italian

By Chris Isidore, CNN (CNN) — Sears, once America’s largest and most important retailer, could very be going into its last Christmas shopping season. The Sears chain had 2,000 stores as recently as 20 years ago and more than 200 stores when it emerged from bankruptcy in 2019. Now it has just five, after three

By John Liu, CNN (CNN) — For proof that an economy can thrive even under constant military threats from a powerful neighbor and amid US President Donald Trump’s sweeping global tariffs, look no further than Taiwan. The self-ruled democracy has logged roughly 8% economic growth for two consecutive quarters, a rare achievement for a developed

By Hadas Gold, CNN (CNN) — Chipmaker Nvidia posted yet another blockbuster earnings report this month. The stock fell anyway, as many investors worry that the market is in the middle of an about-to-burst AI bubble. But for AI’s biggest believers, the report was just another sign that the industry’s train isn’t running out of

By Gordon Ebanks, CNN (CNN) — In Polk County, Iowa, the Urbandale Food Pantry started giving out turkeys and Thanksgiving sides weeks ago. Demand was so high, with over 2,000 families visiting so far this month, that the pantry ran through its allotment of Thanksgiving staples. Fortunately, additional funding, including donations from the community, meant

By Brian Stelter, CNN (CNN) — The New York Times produced a detailed, data-driven report on President Trump showing signs of aging. The president, 79, responded by calling the female reporter who co-wrote the story “ugly.” Trump’s post to Truth Social on Wednesday came less than two weeks after he said “quiet, piggy” to another

CNN By Scottie Andrew, CNN (CNN) — If the guests at your Thanksgiving table this year are a bit moonier than usual, don’t assume they ate too much turkey. And if they seem extra enthused about digging into pie after a filling meal, well — Adding to late November’s ever-growing list of festivities and shopping

By Jordan Valinsky, CNN New York (CNN) — Whether it’s due to the stress or financial burden of planning a multi-course meal, an increasing number of people are choosing to eat out for Thanksgiving this year. Restaurant reservations for Thursday’s holiday are 13% higher year-over-year, according to exclusive data shared with CNN from OpenTable, a

By Scottie Andrew, CNN (CNN) — If the guests at your Thanksgiving table this year are a bit moonier than usual, don’t assume they ate too much turkey. And if they seem extra enthused about digging into pie after a filling meal, well — Adding to late November’s ever-growing list of festivities and shopping promotions,

By Clare Duffy, CNN New York (CNN) — Meta, YouTube, TikTok and Snapchat know exactly how addictive their platforms can be to teens. And they continue to target teen users anyway. Those are allegations a group of school districts is making in a lawsuit against the social media giants, according to a newly unsealed legal

By David Goldman, Matt Egan, CNN (CNN) — Americans, enraged about years of rising prices, are going into the 2025 holiday shopping season prepared for battle. But this holiday shopping season could look a lot stronger than you’d expect – on paper, anyway. How’s that possible? High-income consumers keep spending like they’ve never heard of

By Matt Egan, CNN New York (CNN) — President Donald Trump and his economic team often respond to concerns about the affordability crisis by touting how much cheaper gasoline is than under his predecessor. For the vast majority of 2025, this was a legitimate bragging point for the White House. Until now. For the first

CNN By Hadas Gold, CNN (CNN) — A new X feature over the weekend revealed that several pro-Trump accounts with large followings are not US-based, despite content and some bios suggesting otherwise. On X account profiles, clicking on an account’s date of creation reveals the country or region where the account is based. Users can

By Hadas Gold, CNN (CNN) — A new X feature over the weekend revealed that several pro-Trump accounts with large followings are not US-based, despite content and some bios suggesting otherwise. On X account profiles, clicking on an account’s date of creation reveals the country or region where the account is based. Users can toggle

By Lisa Eadicicco, CNN (CNN) — The White House on Monday launched a new program to allow the Department of Energy’s national laboratories to collaborate with tech companies and academics on using AI to further scientific research. Under the new Genesis Mission, created by executive order, the Department of Energy will develop a new AI

By Alicia Wallace, CNN (CNN) — The holiday season is kicking into full gear at a time when affordability and the rising cost of living have escalated to crisis mode for many households. Still, some shoppers say they intend to spend more on holiday gifts than they did last year, while others plan to pull

By Jeanne Sahadi, CNN (CNN) — This holiday season may be filled with the usual delights and stresses of buying gifts, hosting and seeing extended family. But for some married couples, it also is a time of stress because they’re contemplating whether to divorce in the new year. One study from the University of Washington

By Sean Lyngaas, Evan Perez, CNN (CNN) — Hackers stole a trove of data from a company used by major Wall Street banks for real-estate loans and mortgages, setting off a scramble to determine what was taken and which banks were affected, according to people familiar with the investigation and a statement from the firm.

By Auzinea Bacon, CNN (CNN) — There was no place like the movie theater for fans of “Wicked” this weekend. Universal’s “Wicked: For Good” soared to No. 1 at the weekend box office, earning $150 million domestically and $226 million worldwide — far outpacing its predecessor, “Wicked,” which opened to $114 million domestically during last

SEARCHLIGHT PICTURES, PARAMOUNT PICTURES, 20TH CENTURY STUDIOS, LIONSGATE MOVIES, UNIVERSAL PICTURES, CNN By Auzinea Bacon, CNN (CNN) — There was no place like the movie theater for fans of “Wicked” this weekend. Universal’s “Wicked: For Good” soared to No. 1 at the weekend box office, earning $150 million domestically and $226 million worldwide — far

By Chris Isidore, CNN (CNN) — America hasn’t had enough air traffic controllers for more than a decade – and the recent government shutdown might have made it even worse. The stress of not being paid for those 44 days, on top of already harsh working conditions, spurred many to leave the workforce, according to

CNN By Clare Duffy, CNN New York (CNN) — Concerns about an AI bubble have been simmering for at least a year and a half. Nvidia’s incredibly strong earnings this past week tried to put those fears to bed. It may not have been enough. Nvidia on Wednesday posted sales and profits up more than

By Clare Duffy, CNN New York (CNN) — Concerns about an AI bubble have been simmering for at least a year and a half. Nvidia’s incredibly strong earnings this past week tried to put those fears to bed. It may not have been enough. Nvidia on Wednesday posted sales and profits up more than 60%

By Chris Isidore, CNN (CNN) — Even if you’re flying commercial for the holidays, private jets might be making your trip more expensive. That’s because, some critics say, business jets and others aren’t paying their fair share for the nation’s air traffic control system. The overwhelming majority of the Aviation Trust Fund — the main

By Clare Duffy, CNN New York (CNN) — President Donald Trump has drafted an executive order that would block states from enforcing regulations around artificial intelligence, renewing an AI deregulation push that’s raising concerns among tech safety advocates and state lawmakers on both sides of the aisle. The draft order directs the US attorney general

By Nathaniel Meyersohn, CNN New York (CNN) — Walmart is proving to be America’s antidote to the cost of living crisis. A growing number of Americans are heading to Walmart for groceries and clothing as inflation and high prices squeeze their budgets: Walmart’s business in the United States is surging and it’s gaining market share

By Alicia Wallace, CNN (CNN) — A long-awaited jobs report offered a mixed picture of the US labor market. The economy added 119,000 jobs in September, an unexpected rebound for the labor market — but it comes as the overall economy shows signs of slowing. Economists were expecting 50,000 jobs to have been added and

CNN, POOL By Alicia Wallace, CNN (CNN) — A long-awaited jobs report offered a mixed picture of the US labor market. The economy added 119,000 jobs in September, an unexpected rebound for the labor market — but it comes as the overall economy shows signs of slowing. Economists were expecting 50,000 jobs to have been

CNN By Clare Duffy, CNN New York (CNN) — Nvidia posted strong revenue and profits that exceeded Wall Street’s expectations Wednesday. The closely watched result could prompt a sigh of relief across the stock market following growing concerns about an artificial intelligence bubble. Nvidia’s sales grew 62% year-over-year to $57 billion in the October quarter,

CNN By Clare Duffy, CNN New York (CNN) — Nvidia posted strong revenue and profits that exceeded Wall Street’s expectations Wednesday. The closely watched result could prompt a sigh of relief across the stock market following growing concerns about an artificial intelligence bubble. Nvidia’s sales grew 62% year-over-year to $57 billion in the October quarter,

By Hadas Gold, CNN (CNN) — Saudi Arabia is strengthening its ties with American AI companies — announcing a flurry of new joint ventures worth billions of dollars. The country seeks to make its mark in the AI industry as its de facto leader, Crown Prince Mohamed bin Salman, makes his first visit to the

By Clare Duffy, CNN New York (CNN) — Nvidia posted strong revenue and profits that exceeded Wall Street’s expectations Wednesday. The closely watched result could prompt a sigh of relief across the stock market following growing concerns about an artificial intelligence bubble. Nvidia’s sales grew 62% year-over-year to $57 billion in the October quarter, ahead

By Ana Nicolaci da Costa, CNN London (CNN) — A high-stakes standoff between China and the Netherlands over control of a crucial chipmaker reached a detente Wednesday after Amsterdam suspended a controversial order that enabled it to take control of Chinese-owned Nexperia. The standoff had threatened to shutter auto plants around the world as Nexperia

By Lauren Said-Moorhouse, CNN (CNN) — The BBC has apologized to Catherine, Princess of Wales for referring to her as “Kate Middleton” during the British broadcaster’s recent coverage of Armistice Day. News presenter and correspondent Rajini Vaidyanathan repeatedly referred to the popular 43-year-old royal by her maiden name last week, sparking complaints from viewers watching

By Alicia Wallace, CNN (CNN) — One of the most hotly anticipated economic reports is finally set to be released Thursday: the long-delayed jobs report for September, originally due on October 3. It lands as the floodgates open for a slew of backlogged economic data that was held up due to the historic government shutdown.

By Jack Guy and Joyce Jiang, CNN (CNN) — Sales of an artificial intelligence-enabled plush toy have been suspended after it was found that it engaged in conversation around sexually explicit topics and offered potentially dangerous advice. Larry Wang, CEO of Singapore-based FoloToy, told CNN that the company had withdrawn its “Kumma” bear, as well

By Hadas Gold, CNN (CNN) — Larry Summers is resigning from the OpenAI board and leaving his instructor role at Harvard University after more emails between him and convicted sex offender Jeffrey Epstein were released last week by a House committee. “In line with my announcement to step away from my public commitments, I have

By John Towfighi, CNN New York (CNN) — Growing concerns about an artificial intelligence bubble have, in large part, caused the stock market’s recent bout of volatility. So the AI industry will face an enormous test when Nvidia, the world’s most valuable company and backbone of the AI boom, reports earnings after the bell on

By Nathaniel Meyersohn, CNN New York (CNN) — Target’s problems are intensifying. In the latest signal of trouble, the company reported sales dropped during its latest quarter, and Target cut its full-year profit guidance Wednesday. The company’s sales have stagnated for about four years, and Target said last month that it would cut 1,000 corporate

By Lisa Eadicicco, CNN (CNN) — Having problems with your favorite websites lately? It’s not just you. Web infrastructure provider Cloudflare experienced a disruption on Tuesday that temporarily impacted a swath of online services – from Spotify to ChatGPT and even President Donald Trump’s Truth Social platform – marking the latest in a string of

CNN By John Towfighi, CNN New York (CNN) — Bitcoin and stocks are in a bout of volatility — and investors say more turbulence could be in store. US stocks closed lower Tuesday, extending a recent tumble. The Dow fell 499 points, or 1.07%. The S&P 500 fell 0.83%. The tech-heavy Nasdaq Composite slid 1.21%.

By Brian Stelter, CNN (CNN) — A federal appeals court has rejected President Donald Trump’s attempt to revive a defamation lawsuit against CNN, calling his arguments “meritless.” The 2022 suit objected to CNN’s use of the phrase “the big lie” in reference to the president’s lies about the 2020 election being “stolen.” On Tuesday, a

By Clare Duffy, CNN New York (CNN) — Meta scored a major win on Tuesday after a federal judge ruled that it is not a social networking monopoly, shooting down an argument from the US Federal Trade Commission that it should be forced to spin off two of its most popular platforms. The Federal Trade

By Brian Stelter, CNN (CNN) — “The Daily” has been dethroned. “The Joe Rogan Experience,” which was #3 on Apple’s list of most popular podcast shows last year, moved up to first place this year. “The Daily,” from The New York Times, was #2 this year, followed by “The Mel Robbins Podcast,” which wasn’t in

By Clare Duffy, CNN New York (CNN) — If Roblox users want to chat on the online gaming platform, they’ll soon have to verify their age by providing a government ID or by letting an artificial intelligence age estimation tool photograph their face. The move comes as the platform faces a string of lawsuits and

By Nathaniel Meyersohn, CNN New York (CNN) — The housing market is frozen, and consumers are nervous about the economy. That’s a bad recipe for Home Depot. The bellwether for US consumers and the housing market said Tuesday that its sales at US stores open for at least one year rose only 0.2% last quarter.

By Lisa Eadicicco, CNN (CNN) — The longest government shutdown in US history shook travel plans across America earlier this month as a shortage of air traffic controllers resulted in thousands of delayed or canceled flights. But even the end of the shutdown doesn’t fix the the broader air traffic controller shortage that’s been plaguing

By Matt Egan, CNN New York (CNN) — Surging import costs. Mounting payroll and healthcare expenses. A shortage of affordable loans. And a stressed-out workforce. Small businesses are facing mounting pressure from America’s affordability crisis. Doug Scheffel, owner of a family-run ETM Manufacturing in Massachusetts, laid off about a quarter of his employees in April

By John Towfighi, CNN New York (CNN) — Bitcoin and stocks are in a bout of volatility — and investors say more turbulence could be in store. US stocks closed lower Tuesday, extending a recent tumble. The Dow fell 499 points, or 1.07%. The S&P 500 fell 0.83%. The tech-heavy Nasdaq Composite slid 1.21%. The

By John Towfighi, CNN New York (CNN) — Wall Street kicked off the week on a sour note, with stocks and bitcoin tumbling as a risk-off attitude spread through markets. The Dow closed lower by 557 points, or 1.18%. The broader S&P 500 fell 0.92%. The Nasdaq Composite fell 0.84%. Wall Street’s fear gauge, the

By Issy Ronald, CNN (CNN) — Subscription TV company Sky Sports has scrapped its new TikTok account targeting female sports fans after just three days, after the style and tone of its videos faced backlash. Social media users labeled the account “condescending,” “patronizing” and “sexist,” accusing it of perpetuating the problems it purported to address.

By Jordan Valinsky, CNN New York (CNN) — Two of America’s most embattled retail chains are working together to drum up some excitement from customers this holiday season. They sure could use it. Beginning Monday, a Frozen Peppermint Hot Chocolate drink will be available exclusively at Starbucks cafés inside Target stores. The vast majority of

By David Goldman, CNN (CNN) — President Donald Trump keeps downplaying America’s affordability crisis, and he continues to falsely claim that inflation and overall prices have fallen during his second term. “Our prices are coming down very substantially on groceries and things,” Trump told reporters in Florida Sunday evening. “They’re already at a much lower

By John Towfighi, CNN (CNN) — The Trump administration is investing in publicly traded companies — and it’s sending stocks soaring higher. Under President Donald Trump, the US government has taken equity stakes in companies including Intel (INTC), MP Materials (MP), Lithium Americas (LAC) and Trilogy Metals (TMQ). Investing in public companies is an unusual

By Auzinea Bacon, CNN (CNN) — Lionsgate Films’ “Now You See Me: Now You Don’t” stole the show at the domestic box office this weekend. The third installment of the “Now You See Me” franchise earned $21.3 million. The first “Now You See Me” opened in 2013 to more than $29 million, according to Box

UNIVERSAL PICTURES, PARAMOUNT PICTURES, 20TH CENTURY STUDIOS, LIONSGATE MOVIES, CNN By Auzinea Bacon, CNN (CNN) — Lionsgate Films’ “Now You See Me: Now You Don’t” stole the show at the domestic box office this weekend. The third installment of the “Now You See Me” franchise earned $21.3 million. The first “Now You See Me” opened

By Auzinea Bacon, CNN (CNN) — Treasury Secretary Scott Bessent said Sunday that President Donald Trump’s proposal to issue $2,000 tariff rebate checks to most Americans would require Congress’ approval. “We will see. We need legislation for that,” Bessent said on Fox News’ “Sunday Morning Futures” when asked about rebate checks, adding that “Those could

CNN By Alexandra Banner, CNN The US government recently stopped minting pennies due to rising production costs. Economists say the nickel could be next as officials reconsider whether low-value coins are worth keeping in circulation. Here’s what else you need to know to get up to speed and on with your day. 1️⃣ Epstein files

By Hadas Gold, CNN San Francisco (CNN) — Just blocks from the Presidio of San Francisco, the national park at the base of the Golden Gate Bridge, stands a gleaming white building, its façade adorned with eight striking gothic columns. But what was once the home of a Christian Scientist church, is now the holy

By Clare Duffy, CNN New York (CNN) — An unassuming circular pendant slightly larger than a quarter has been at the center of a massive uproar. The chief executive behind it isn’t fazed. Avi Schiffmann, 23, created the Friend pendant to be an artificial intelligence companion for users. He was inspired after realizing that, while

By Chris Isidore, CNN (CNN) — The American penny is history. The nickel might be next. The last pennies were pressed at the US Mint in Philadelphia on Wednesday, a victim of production costs higher than their worth coupled with limited usefulness. While the penny remains legal tender, banks and merchants are already reporting shortages.

By Gordon Ebanks, CNN (CNN) — Dr. Adriana Kugler, a former member of the Federal Reserve Board of Governors who abruptly announced her resignation in August, broke the central bank’s trading rules, according to a report released Saturday by the US Office of Government Ethics. That disclosure shows violations of purchasing stocks and making those

By Jordan Valinsky, CNN New York (CNN) — Choosing the right wine to pair with your Thanksgiving meal can be as stressful as cooking the turkey. And this year, it’s going to be worse. Shoppers can expect higher prices and possibly slimmer selections at their local wine shops, as importers are facing steep tariffs and

By Hanna Park, CNN (CNN) — A Georgia player has won an estimated $980 million Mega Millions jackpot on Friday, the eighth-largest prize in the game’s history, according to the lottery. The winning ticket matched all six winning numbers: 1, 8, 11, 12, 57, and Mega Ball 7. The win ends a 40-drawing streak without

By Liam Reilly, CNN (CNN) — Disney and YouTube TV struck a multi-year deal late Friday to get the entertainment giant’s content back onto the streaming site, ending the two-week blackout that spanned a historic election night. The new carriage deal means Disney sports, entertainment and news programming, such as ESPN and ABC, will return

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump on Friday signed an executive order that retroactively lowers tariffs on beef, tomatoes, coffee and bananas, among other agricultural imports, backdated to Thursday. The order Trump signed excludes the goods from “reciprocal” tariff rates, which start at 10% and go as high as 50%. However, the

By Liam Reilly, CNN (CNN) — RedBird Capital withdrew its £500 million bid for the Telegraph Media Group on Friday, leaving the fate of the major British publisher unclear. “RedBird has today withdrawn its bid for the Telegraph Media Group,” a representative for private equity firm RedBird Capital Partners told CNN. “We remain fully confident

By Alicia Wallace, CNN (CNN) — The US government has reopened following its longest-ever shutdown, setting the stage for the eventual release of the gold-standard federal data that is crucial in analyzing the health and trajectory of the nation’s economy. Data nerds (and government officials, and Federal Reserve policymakers, and business owners, and, well, everyone

CNN By Jordan Valinsky, CNN New York (CNN) — Doug McMillon, Walmart’s CEO for just over a decade, is retiring next year, the retailer announced Friday. McMillon will be succeeded by John Furner on February 1, 2026. Furner is currently the CEO and president of Walmart’s US operations, the company’s largest business unit. Both executives

By Elisabeth Buchwald, CNN (CNN) — The Trump administration plans to lower the United States’ tariffs on goods from Switzerland, according to an announcement Friday from the White House and the Swiss government following a meeting with US Trade Representative Jamieson Greer. The tariff rate the US charges on Swiss imports will fall to 15%

By John Towfighi, CNN New York (CNN) — For months, it felt like nothing could knock stocks off their steady ascent — but November has been a rough month on Wall Street. The tech-heavy Nasdaq Composite is down almost 3.5% this month and on track for its first losing month since March. The Nasdaq has

By Clare Duffy, CNN New York (CNN) — When Jamie Iannone took over as eBay’s chief executive in early 2020, the company had undergone a leadership shakeup and was in the process of shedding businesses under pressure from activist investors. One of the internet’s original shopping sites, it had just lost its position as the

By Jeanne Sahadi, CNN (CNN) — When it comes to voluntarily paying taxes on time to the IRS, crypto investors may not have a great record. At least, not according to an IRS review from 2023, which showed “the potential for” a mere 25% compliance rate. Translation: Only about a quarter of crypto investors are

CNN By Alexandra Banner, CNN Wall Street is hoping to recover today from its worst showing in a month. On Thursday, the Dow fell nearly 800 points while the Nasdaq dropped more than 500 points, raising concerns about market volatility. Here’s what else you need to know to get up to speed and on with

By Catherine Nicholls, Christian Edwards, Billy Stockwell, CNN London (CNN) — The BBC apologized to US President Donald Trump on Thursday over a documentary that Trump’s lawyers described as false and defamatory, seeking to defuse a row that has plunged the public broadcaster into its worst crisis in years. A BBC spokesperson said that lawyers

By Clare Duffy, CNN New York (CNN) — Artificial intelligence is playing a greater role in everything from homework to jobs and even romantic companionship — all without much oversight to guarantee the tech is being developed and used safely. Now, a pair of state attorneys general are teaming up with two of the biggest

By John Towfighi, CNN New York (CNN) — US stocks closed sharply lower Thursday as investors sold shares in technology companies and volatility picked up on Wall Street. The Dow fell 798 points, or 1.65%. The broader S&P 500 fell 1.66% and the tech-heavy Nasdaq Composite slid 2.29%. Investors also assessed how long it might

By Jeanne Sahadi, CNN (CNN) — If you plan to max out your contributions to your 401(k) or IRA next year, you will get to save a little more than you could this year. The IRS on Thursday announced cost-of-living adjustments to federal contribution limits for 2026 for key retirement savings vehicles. 401(k) participants will

By Lisa Eadicicco, CNN (CNN) — You can already buy almost anything with the click of a mouse. Now tech giants are preparing for an AI helper to do even that for you one day. Google, Amazon and OpenAI are racing to add new AI-powered shopping tools to their services, all aiming to play a

By Jack Guy, CNN London (CNN) — Apple has built its reputation on cutting-edge devices and sleek design, but the company’s latest product is decidedly more low-tech. The iPhone Pocket is a knitted strap developed in conjunction with fashion designer Issey Miyake, “born from the idea of creating an additional pocket,” Apple (AAPL) announced in

By Chris Isidore, CNN (CNN) — Relatively few people fly Spirit Airlines – but the company could still affect how much you pay for your holiday travel, even if recent government-mandated flight cancellations end. For years, Spirit has had an outsized effect on fares across the industry. The discount carrier’s rock-bottom fares forced much larger

By Samantha Delouya, CNN (CNN) — The Trump administration has another idea to make housing more affordable: Let homeowners take their mortgage rate with them when they move. On Wednesday, Federal Housing Finance Agency Director Bill Pulte said the administration is “actively evaluating” so-called portable mortgages. The proposal aims to address the housing market’s lack