Money

By Jordan Valinsky, CNN New York (CNN) — Cracker Barrel announced that it’s suspending the renovations of its restaurants following a disastrous logo rollout that sent shares lower. “You’ve shared your voices in recent weeks not just on our logo, but also on our restaurants,” the chain said on X. “If your restaurant hasn’t been

By Alicia Wallace, CNN (CNN) — The American jobs market has been running in a much lower gear than previously thought, according to a preliminary report released Tuesday. The US economy added about 911,000 fewer jobs than initially estimated for the year ending in March, the Bureau of Labor Statistics report suggests. If this were

By Jordan Valinsky, CNN New York (CNN) — Ben Cohen and Jerry Greenfield, the cofounders of Ben & Jerry’s ice cream, are fighting with the company’s parents about the independence of the brand they created nearly 50 years ago. The pair, which no longer controls the company they created, wrote an open letter Tuesday addressed

By Matt Egan, CNN New York (CNN) — President Donald Trump has promised his high tariffs will inspire an American manufacturing renaissance. Yet so far his controversial experiment has failed to inspire a jobs boom. Not only is hiring weak, but the industries most exposed to tariffs have been shedding workers – exactly the opposite

By Clare Duffy, CNN New York (CNN) — Apple announced the first major redesign of the iPhone in years on Tuesday when it confirmed the launch of a new, thinner model called the iPhone Air. CEO Tim Cook called it the “biggest leap ever for iPhone.” That was one of a number of product upgrades

By Alicia Wallace, CNN (CNN) — Large downward revisions to monthly jobs data in recent weeks put a gigantic spotlight on an incredibly typical procedure for economic data. They also spurred something highly atypical, with President Donald Trump firing the Bureau of Labor Statistics commissioner over baseless allegations that the data was “rigged.” Now, there’s

By Brian Stelter, Hadas Gold, CNN (CNN) — Rupert Murdoch’s chosen son Lachlan will remain in charge of the family business, forestalling a predicted challenge from his siblings over the political bent of the conservative media empire. Instead, three siblings are exiting the business altogether — in an ending worthy of a dramatic series finale.

By Samantha Delouya, CNN (CNN) — Buying a home has become increasingly pricey in the past few years. Now, Zillow has put a staggering number to those higher costs: America’s housing market has climbed 57% since 2020, to a record $55 trillion. That means that in just five years, the US housing market’s value has

By Chris Isidore, CNN (CNN) — US Steel is shuttering production at a mill in November, but its hundreds of workers will keep their jobs – for now – thanks to an agreement the company reached with the Trump administration. US Steel will stop producing steel at its Granite City, Illinois, mill at the end

By Matt Egan, CNN New York (CNN) — While many CEOs have stayed silent during President Donald Trump’s attacks on the Federal Reserve, hedge fund billionaire Ken Griffin is speaking out about the dangers. Trump risks “stoking both higher inflation and higher long-term rates” by undermining the independence of the Fed, Griffin co-wrote in an

By Jordan Valinsky, CNN New York (CNN) — If you’re sharing the Amazon Prime membership of a family member or friend outside your household, prepare to pay up. Beginning October 1, the company is eliminating “Prime Invitee,” a program that let Prime members outside of their household share their free shipping benefit. Moving forward, customers

By Jordan Valinsky, CNN New York (CNN) — Howard Stern pranked his fans and the media Monday about leaving his longtime SiriusXM radio show. Bravo host Andy Cohen appeared at the top of Stern’s 7 a.m. time slot, announcing that he was taking over the channel and rebranding it as “Andy 100.” Multiple media outlets,

By Nathaniel Meyersohn, CNN New York (CNN) — Coming out of the pandemic, many retail chains, political leaders, law enforcement officials and others told America there was an unprecedented level of shoplifting. Shoplifting became a political lighting rod, and videos of thieves smashing store windows and grabbing merchandise rocketed across the news and social media

By Jordan Valinsky, CNN New York (CNN) — McDonald’s latest attempt to bring back cost-conscious customers rolls out Monday with a slate of new deals. The fast food chain is reintroducing “Extra Value Meals,” a discount menu category McDonald’s eliminated in 2019. It’s returning this week with eight new meal deals that include several of

By Auzinea Bacon, CNN (CNN) — Getting an early jump on the upcoming horror film slate, “The Conjuring: Last Rites” topped the weekend domestic box office while shattering analysts’ expectations with an $83 million haul. Industry analysts expected the ninth release of “The Conjuring” universe to earn around $50 million. Its bigger-than-expected opening made “Last

COLUMBIA PICTURES, WALT DISNEY PICTURES, WARNER BROS. PICTURES, CNN By Auzinea Bacon, CNN (CNN) — Getting an early jump on the upcoming horror film slate, “The Conjuring: Last Rites” topped the weekend domestic box office while shattering analysts’ expectations with an $83 million haul. Industry analysts expected the ninth release of “The Conjuring” universe to

By Auzinea Bacon, CNN (CNN) — The Treasury Department will issue rebates if the Supreme Court upholds a ruling that President Donald Trump’s “reciprocal” tariffs were an overstep of power, Treasury Secretary Scott Bessent said Sunday. “We would have to give a refund on about half the tariffs, which would be terrible for the Treasury,”

KENS By Hanna Park, CNN (CNN) — Winning tickets for Saturday’s nearly $1.8 billion Powerball jackpot were sold in Missouri and Texas, the lottery said. “With final ticket sales, the Powerball jackpot came in at $1.787 billion – making it the second-largest U.S. lottery jackpot ever won,” the Multi-State Lottery Association, which runs the Powerball

By Chris Isidore, CNN (CNN) — What do you give a man who already can buy anything? How about $1 trillion? That’s what the Tesla board of directors have decided to offer CEO Elon Musk. They unveiled a new pay package Friday for shareholders to consider that could give Musk up to 423.7 million additional

By Lisa Eadicicco, CNN (CNN) — The iPhone needs a shakeup. It could get one as soon as September 9, when Apple is expected to announce an all-new slimmer model of the iPhone, potentially called the “iPhone Air,” alongside the iPhone 17 and new Apple Watch models at its marquee annual event. That kind of

By Hanna Park, CNN (CNN) — Winning tickets for Saturday’s nearly $1.8 billion Powerball jackpot were sold in Missouri and Texas, the lottery said. “With final ticket sales, the Powerball jackpot came in at $1.787 billion – making it the second-largest U.S. lottery jackpot ever won,” the Multi-State Lottery Association, which runs the Powerball game,

By Brian Stelter, CNN (CNN) — The last time President Trump attended a US Open match, as a presidential candidate in 2015, the booing was so loud that multiple news outlets wrote stories about the critical crowd reaction. ESPN’s live broadcast lingered on shots of Trump during a quarterfinal match. Trump will be back on

By Reuters (CNN) — OPEC+ will likely raise oil output on Sunday but probably add less oil from October than in recent months as global demand might be slowing with the end of the driving season, OPEC+ sources said on Saturday. OPEC+ has reversed its strategy of output cuts from April and has already raised

By Ramishah Maruf, CNN New York (CNN) — During the week, Shar Aguilar works in tech marketing. Her weekend gig is often much louder and a lot wilder. But for now, it sits and waits for her in the garage. From nine-to-five on the weekdays, Aguilar joins many in Southern California at an office job,

By Chris Isidore, CNN (CNN) — Chances are holders of the two winning tickets for Saturday’s promised Powerball prize of nearly $1.8 billion will cash them in. But it’s not certain. Not every jackpot-winning ticket sold over the years has been cashed in. And if you totaled up all the missing smaller “winners” who could

By Alicia Wallace, CNN (CNN) — After years of plentiful employment opportunities, healthy pay bumps and pandemic savings-fueled spending sprees, American workers now face a sobering economic reality: It’s getting harder and harder to find work, and more and more industries are shedding jobs. The latest jobs report, released Friday, indicated that the US economy

By Reuters (CNN) — Anthropic told a San Francisco federal judge on Friday that it has agreed to pay $1.5 billion to settle a class-action lawsuit from a group of authors who accused the artificial intelligence company of using their books to train its AI chatbot Claude without permission. Anthropic and the plaintiffs in a

CNN, GETTY, BLOOMBERG, TESLA, CCTV, WLUK, WSYX, KCNC, CNBC, X, ELONMUSK, X/ElonMusk By Chris Isidore, CNN (CNN) — Elon Musk, already the world’s richest person, could become the first trillionaire after the Tesla board unveiled a massive new pay package for its CEO to keep his focus on the troubled EV maker. The package would

By Liam Reilly, CNN (CNN) — A federal judge on Friday dismissed pro-Trump channel Newsmax’s lawsuit against Fox News just two days after it was filed, calling it a “shotgun” complaint. Newsmax’s lawsuit is a “shotgun pleading,” US District Judge Aileen Cannon ruled, using a term for disorganized complaints that fail to meet certain pleading

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve must be relieved of its duties regulating the nation’s banks, Treasury Secretary Scott Bessent wrote in an essay published Friday. Bessent wrote in the Wall Street Journal that the central bank has veered away from what he described as its core mission of promoting full

By David Goldman and Reuters (Reuters) — President Donald Trump on Friday threatened the European Union with an investigation that could lead to higher tariffs, after the EU fined Google billions of dollars for violating its antitrust laws. The EU announced earlier Friday that Google must pay a €2.95 billion ($3.45 billion) antitrust fine for

CNN By Alicia Wallace, CNN (CNN) — The US job market is stalling out. Job growth slowed to a crawl in August, and the unemployment rate rose to its highest level in nearly four years, indicating the US labor market is growing stagnant. The economy added just 22,000 jobs last month and the unemployment rate

By Chris Isidore, CNN (CNN) — Elon Musk, already the world’s richest person, could become the first trillionaire after the Tesla board unveiled a massive new pay package for its CEO to keep his focus on the troubled EV maker. The package would grant him additional shares of Tesla stock if the company is able

By Chris Isidore, CNN (CNN) — The Powerball lottery’s advertised jackpot is up to a massive $1.7 billion, thanks in large part to high ticket sales and the lack of a winner since late May. But there’s another reason you might not expect: high interest rates. But to explain why high interest rates are a

By Alicia Wallace, CNN (CNN) — The US job market is stalling out. Job growth slowed to a crawl in August, and the unemployment rate rose to its highest level in nearly four years, indicating the US labor market is growing stagnant. The economy added just 22,000 jobs last month and the unemployment rate rose

By Hadas Gold, CNN New York (CNN) — James, a married father from upstate New York, has always been interested in AI. He works in the technology field and has used ChatGPT since its release for recommendations, “second guessing your doctor” and the like. But sometime in May, his relationship with the technology shifted. James

CNN By Hadas Gold, CNN New York (CNN) — James, a married father from upstate New York, has always been interested in AI. He works in the technology field and has used ChatGPT since its release for recommendations, “second guessing your doctor” and the like. But sometime in May, his relationship with the technology shifted.

By John Liu, CNN (CNN) — Despite years of engagement in a global chip war, China remains a vital operation base for several Asian-grown champions. But even from afar, Washington still holds key levers of power. The latest example: The US government’s revoking of authorization for Taiwanese and South Korean chip titans to freely send

By Bryan Mena, CNN Washington (CNN) — The Justice Department is investigating Federal Reserve governor Lisa Cook to probe whether she submitted fraudulent mortgage applications, according to the Associated Press. DOJ investigators have begun issuing subpoenas as part of the probe, the AP reported, citing a person familiar with the matter who was not authorized

By Hadas Gold, CNN (CNN) — Billionaire and onetime top White House advisor Elon Musk said he was invited to a tech leader summit at the White House’s newly renovated Rose Garden on Thursday, but will not be attending. “I was invited, but unfortunately could not attend. A representative of mine will be there,” Musk

By Lianne Kolirin, CNN (CNN) — Harrods, the high-end London department store, has applied to local authorities for permission to remove sculptures of disgraced former owner Mohamed Al Fayed from its interior. The renowned business, which started life as a grocery store in 1849, has submitted detailed plans to overhaul its Egyptian-themed hall and a

By Bryan Mena, CNN Washington (CNN) — Stephen Miran, the White House economist President Donald Trump nominated to the Federal Reserve’s top ranks, just got an earful about the importance of the central bank’s independence — just as the Trump administration actively defends removing Fed Governor Lisa Cook from her post. The Senate Banking Committee

By Alicia Wallace, CNN (CNN) — Warning signs have been flashing for months that the US job market has been losing steam. That became starkly clearer in July, and the early data for August isn’t looking much better. New metrics released Thursday showed that first-time claims for unemployment benefits rose to an 11-week high; that

By Tami Luhby, CNN (CNN) — Brace yourselves, workers. Your health insurance at the job could cost you a lot more in 2026. Although overall inflation is more muted than a few years ago, employers are preparing for the steepest increase in health benefit costs in 15 years, according to Mercer’s National Survey of Employer-Sponsored

By Ruben Correa, Gordon Ebanks, CNN (CNN) — The winning numbers for Saturday’s $1.8 billion Powerball jackpot are 11, 23, 44, 61, 62 with red Powerball of 17 and a Power Play multiplier of 2. The jackpot is the second-largest in US lottery history, behind only the record $2.04 billion Powerball jackpot won in 2022

By Jeanne Sahadi, CNN (CNN) — The first and second quarters were, um, tumultuous for investors, including for anyone with a 401(k) or other workplace retirement plan. After dropping like a stone in April following the announcement of the Trump administration’s punitive and highly confusing tariffs regime, stocks eventually staged a comeback to finish the

By Ramishah Maruf, CNN New York (CNN) — American Eagle stock surged 25% after its earnings report Wednesday, with its CEO thanking the controversial Sydney Sweeney “Good Jeans” ad campaign for boosting brand awareness and profit. “The fall season is off to a positive start. Fueled by stronger product offerings and the success of recent

By Allison Morrow, CNN New York (CNN) — Here we are, at the tail end of a strong-despite-tariffs corporate earnings season, staring down a bumpy road through the second half of the year, when out of nowhere comes a flash of… what’s the word… hope? Well, not hope, but at least a reassurance that real-world

By Ramishah Maruf, CNN New York (CNN) — Fast fashion giant Shein said on Wednesday that it was conducting an investigation after a product on its website featured what appeared to be an edited image of Luigi Mangione, the man accused of killing UnitedHealthcare’s CEO last year. Mangione is facing the death penalty in federal

By Liam Reilly, CNN (CNN) — Christopher Ruddy’s pro-Trump channel Newsmax on Wednesday filed an antitrust lawsuit against Fox News, accusing the Rupert Murdoch-owned broadcaster of illegally blocking competition in the right-wing pay-TV market. The lawsuit, filed in the US District Court for the Southern District of Florida against the Fox News Network and its

By Chris Isidore, Nathaniel Meyersohn, CNN (CNN) — Powerball’s advertised $1.4 billion jackpot for Wednesday’s drawing would be the sixth-largest prize in American lotto history. Expect more big paydays like this: Lottery prizes are predicted to soar even higher. The next Powerball winner (or winners) will be the 13th to claim a US lottery prize

By Alicia Wallace, CNN (CNN) — Employment gains were so weak in the July jobs report that President Donald Trump fired the head of the bureau charged with collecting the data, baselessly claiming it was rigged. But fresh figures out Wednesday show that those meager job totals weren’t an anomaly: For the first time in

By Elisabeth Buchwald, CNN (CNN) — The majority of the sweeping tariffs President Donald Trump imposed during his second term face one final litmus test that will determine whether he can continue to levy them – and also whether businesses are eligible for massive refunds. That potentially dramatic turn in the tariff saga comes after

By Gordon Ebanks, CNN (CNN) — Feeling lucky? The winning numbers have been drawn for the massive $1.4 billion Powerball jackpot. Wednesday night’s winning numbers were 3, 16, 29, 61, 69, and red powerball 22, with a Power Play multiplier of 2. It’s not yet clear if there is a big winner. The Powerball jackpot

By Ramishah Maruf, CNN New York (CNN) — A federal appeals court ruled that Rebecca Kelly Slaughter, a Federal Trade Commission commissioner that President Donald Trump fired, can be temporarily reinstated in an order Tuesday. Trump fired Slaughter and another Democratic FTC commissioner, Alvaro Bedoya, in March. While a lower district court ordered her reinstatement

By Lisa Eadicicco, Clare Duffy, CNN (CNN) — A court will not force Google to sell off its Chrome browser or Android, a federal judge said in a court filing on Tuesday. The decision serves as a significant win for the tech company, which has avoided the most extreme possible outcome from a landmark antitrust

By Nathaniel Meyersohn, CNN New York (CNN) — PepsiCo is losing the soda wars to Coca-Cola. That’s nothing new. But after it fell into third place behind Dr Pepper, a heavyweight activist investor said Tuesday that the company needs a drastic shakeup. Elliott Management said it built a massive $4 billion stake in PepsiCo and

By John Towfighi, CNN New York (CNN) — The S&P 500 has soared nearly 30% since its low point in April and investors have cheered the index’s ascent to record highs. The market’s rally also means stocks are relatively expensive — and more vulnerable to a surprise. Stocks had a shaky start to September as

By Lisa Eadicicco, CNN (CNN) — ChatGPT’s parent company, OpenAI, says it plans to launch parental controls for its popular AI assistant “within the next month” following allegations that it and other chatbots have contributed to self-harm or suicide among teens. The controls will include the option for parents to link their account with their

By Olesya Dmitracova, CNN London (CNN) — The United States is sliding into 1930s-style autocratic politics, billionaire Ray Dalio has warned. “I think that what is happening now politically and socially is analogous to what happened around the world in the 1930-40 period,” the founder of Bridgewater Associates, one of the world’s largest hedge funds,

By Kate Trafecante, Nathaniel Meyersohn, CNN (CNN) — Kraft Heinz, the gigantic packaged foods business, is splitting into two separate publicly traded businesses, the company announced Tuesday, the latest mega food business to unwind its strategy to offer everything for everyone. The new companies haven’t yet been named. One will focus on faster-growing businesses, such

By Clare Duffy, CNN New York (CNN) — Like many of the young people in her Indigenous Anishinaabe community in the upper peninsula of Michigan, Danielle Boyer grew up speaking only a little of her people’s native language, Anishinaabemowin. “In our community, generational language loss is very rapid,” she told CNN. “A lot of our

By Auzinea Bacon, CNN (CNN) — Early 2000s nostalgia isn’t just hitting fashion trends and box office sequels. Taco Bell is tapping into fan favorites from two decades ago with its new Decades Y2K Menu. On September 9, Taco Bell will re-launch five of its “most requested” fan-favorites from the 2000s, all priced under $3:

From CNN’s Hanako Montgomery, Junko Ogura and Yumi Asada Tokyo (CNN) — Suntory Holdings chairman and CEO Takeshi Niinami has resigned following allegations he purchased supplements containing illegal substances, the company confirmed Tuesday. Niinami, 66, one of Japan’s most prominent and outspoken business leaders, said he believed the supplements he bought were legal. He has

By Hanna Park, CNN (CNN) — The Powerball jackpot jumped to a staggering $1.3 billion after there were no big winners in Monday night’s drawing – the fifth-largest prize in game history. The lucky numbers were white balls 8, 23, 25, 40, 53, and red Powerball 5, with a Power Play multiplier of 3. While

By John Liu, CNN Hong Kong (CNN) — Hong Kong is eager to embrace cryptocurrency. Crypto exchange shops now greet customers in shopping malls. Hundreds of crypto ATMs have sprung up along the city’s busy streets. And last week, Eric Trump – son of United States President Donald Trump and now a central figure in

By Auzinea Bacon, CNN (CNN) — This year’s Labor Day weekend was so sleepy for movie ticket sales that a 50-year-old shark thriller chewed up and spit out most of the competition. The re-release of Universal Pictures’ “Jaws,” the Stephen Spielberg classic from 1975, finished second at the box office ($9.9 million) behind Warner Bros.

SEARCHLIGHT PICTURES, WALT DISNEY PICTURES, COLUMBIA PICTURES, UNIVERSAL PICTURES, WARNER BROS. PICTURES, CNN By Auzinea Bacon, CNN (CNN) — This year’s Labor Day weekend was so sleepy for movie ticket sales that a 50-year-old shark thriller chewed up and spit out most of the competition. The re-release of Universal Pictures’ “Jaws,” the Stephen Spielberg classic

By Hadas Gold, CNN Los Angeles (CNN) — On an unassuming corner in West Hollywood, a massive round silver building towers over the intersection of Santa Monica Boulevard and Orange Drive. The Tesla Diner, which opened in July, is a two-story restaurant, electric vehicle charging station, Drive-in theater and merchandise shop all rolled into one.

CNN, KCAL, KCBS, X, @TESLA, @TESLA CLUB-SOCAL, @BLKMDL3, JACOB TOWE, GETTY IMAGES, @TESLAOWNERSSV, KCAL/KCBS, X/@Tesla, X/@Tesla Club-SoCal, X/@BLKMDL3, X/@teslaownersSV By Hadas Gold, CNN Los Angeles (CNN) — On an unassuming corner in West Hollywood, a massive round silver building towers over the intersection of Santa Monica Boulevard and Orange Drive. The Tesla Diner, which opened

By Ruben Correa, Chris Boyette, CNN (CNN) — Check your tickets: winning numbers have been drawn for the massive $1.1 billion Powerball jackpot. Monday night’s winning numbers were 8, 23, 25, 40, 53, and red powerball 5, with a Power Play multiplier of 3. It’s not yet clear if there is a big winner. The

By Auzinea Bacon, CNN (CNN) — As Americans wrap up their summer trips and students get in the swing of a new school year, Labor Day weekend can feel like the last hurrah after months of hot weather and relaxation. The first Monday in September celebrates the American labor movement and the millions of workers

By Gordon Ebanks, CNN (CNN) — As Americans prepare for the last holiday weekend of the summer, many are looking to cut travel costs as much as they can. Travelers are already paying less for domestic plane tickets, rental cars and hotel stays – the cost of which are all down compared to last year,

By Rhea Mogul and Esha Mitra, CNN New Delhi (CNN) — Two decades ago, Jinul Abedeen left his family and moved to India’s capital where he spent a year learning Zardozi, an ancient and intricate threadwork technique he hoped would equip him to support his family for decades to come. The gamble succeeded. He landed

By Reuters (CNN) — Retired Harvard Law professor Alan Dershowitz lost his bid on Friday to overturn a ruling that dismissed his defamation lawsuit against CNN over the news channel’s coverage of remarks he made during President Donald Trump’s 2020 impeachment trial. The 11th U.S. Circuit Court of Appeals ruled that Dershowitz presented no evidence

CNN By Devan Cole, Katelyn Polantz, Ramishah Maruf, Elisabeth Buchwald, CNN (CNN) — A federal appeals court Friday struck down many of President Donald Trump’s historic tariffs, saying he unlawfully leaned on emergency powers to impose the import taxes. The International Emergency Economic Powers Act does not authorize tariffs like the ones Trump used the

By Devan Cole, Katelyn Polantz, Ramishah Maruf, Elisabeth Buchwald, CNN (CNN) — A federal appeals court Friday struck down many of President Donald Trump’s historic tariffs, saying he unlawfully leaned on emergency powers to impose the import taxes. The International Emergency Economic Powers Act does not authorize tariffs like the ones Trump used the law

By Reuters U.S. no-frills pioneer Spirit Airlines filed for fresh Chapter 11 bankruptcy protection on Friday, as dwindling cash and mounting losses derailed its turnaround efforts since emerging from a previous Chapter 11 reorganization in March. The carrier, recognizable by its bright yellow jets, has struggled to steady operations since emerging from its first bankruptcy