Money

By Ramishah Maruf, CNN New York (CNN) — In March, Kroger’s CEO resigned from his corner-office role after nearly five decades at the company — an abrupt exit that left questions and $11 million on the table. Now, a lawsuit involving ’90s folk sensation Jewel could bring some answers. Rodney McMullen, who joined Kroger in

By John Towfighi, CNN New York (CNN) — An early rally faded on Friday and the Dow just missed out on closing at its first record high of the year. US stocks were mixed on Friday. The Dow closed higher by 35 points, or 0.08%. Meanwhile, the S&P 500 fell 0.29% and the tech-heavy Nasdaq

By Matt Egan, CNN Las Vegas (CNN) — The president of Cisco rejects the doomsday warnings from some tech leaders that artificial intelligence will make entry-level jobs vanish. “I just refuse to believe that humans are going to be obsolete. It just seems like it’s an absurd concept,” Jeetu Patel, who’s also the chief product

By Jeanne Sahadi, Tami Luhby, CNN (CNN) — President Donald Trump signed a proclamation Thursday honoring the 90th anniversary of the Social Security Act of 1935. Before doing so, he touted what he sees as the keeping of his promise to preserve and protect the program and to lower taxes for seniors who receive Social

By Clare Duffy, Phil Mattingly, CNN (CNN) — The Trump administration is reportedly considering having the US government take a stake in Intel, a company that was once one of America’s most important tech giants but which has since fallen on hard times. Following a meeting between President Donald Trump and Intel CEO Lip-Bu Tan

By Samantha Delouya, CNN (CNN) — Would-be home buyers and homeowners looking to refinance their mortgages got a rare break this week after months of stubbornly high borrowing costs. The 30-year fixed mortgage rate averaged 6.58% for the week ending August 14, the lowest level since October, according to data released Thursday from Freddie Mac.

By Clare Duffy, CNN New York (CNN) — Conservative influencer and anti-DEI agitator Robby Starbuck has a new role: advising tech giant Meta on how to prevent “bias” in its artificial intelligence systems. The partnership is part of a settlement agreement Meta announced on Friday, after Starbuck sued the company in April accusing it of

By Matthew Rehbein, Alexandra Skores, Paula Newton, CNN (CNN) — Canada’s biggest airline is poised to start canceling several dozen flights Thursday ahead of a weekend lockout of flight attendants that threatens to throw travel plans for tens of thousands into chaos during the peak summer season. Air Canada said it will gradually suspend operations

By Lisa Eadicicco, CNN (CNN) — Apple will bring blood oxygen detection back to its latest smartwatches after the company was forced to stop offering the feature on US models over a patent dispute. The feature, which is meant to help people understand their respiratory health, will come to Apple Watch Series 9, Series 10

By Alicia Wallace, CNN (CNN) — Costs were sharply on the rise for producers and manufacturers in July, a sign that higher prices could soon filter down to American consumers. US inflation on the wholesale level picked up steam last month, with prices rising by the fastest monthly pace since June 2022, new data showed

By Nathaniel Meyersohn, CNN New York (CNN) — Rachelle Ellison spent 17 years sleeping on the streets of Washington, DC, cycling in and out of jails and hospitals. She finally moved into an apartment in 2008, thanks to a rental voucher with mental health treatment and support services attached through a non-profit organization. “Once I

CNN By Matt Egan, CNN Las Vegas (CNN) — Geoffrey Hinton, known as the “godfather of AI,” fears the technology he helped build could wipe out humanity — and “tech bros” are taking the wrong approach to stop it. Hinton, a Nobel Prize-winning computer scientist and a former Google executive, has warned in the past

By Hadas Gold, CNN (CNN) — Alex Jones’ far-right platform Infowars can be sold once again to help pay the more than $1 billion he owes the families of Sandy Hook shooting victims, a Texas district court judge has ordered. Judge Maya Guerra Gamble said in a Wednesday hearing that Infowars’ parent company, Free Speech

By Brian Stelter, CNN (CNN) — The biting satire of “South Park” continues to gain momentum this summer, according to newly released ratings from Paramount. On cable, where the Comedy Central series originated 28 years ago, last Wednesday’s “South Park” was “its highest rated episode since 2018 and biggest share in series history,” the channel

By Elisabeth Buchwald, CNN (CNN) — Even if it’s sweltering hot outside, winter holiday gifts may be on your mind as you shop online and in stores. Perhaps you’ve already started making gift purchases, whereas in past years you would’ve waited until November to do so. Whatever the reason — be it tariffs, anxiety about

By Clare Duffy, CNN New York (CNN) — YouTube will begin guessing users’ ages using artificial intelligence on Wednesday, as part of an effort to prevent kids from accessing inappropriate content online. It’s part of a broader push to make social media safer for young people, but some users are already worried about what it

By Alexandra Skores, Paula Newton, CNN Ottawa (CNN) — Air Canada is preparing to lock out its flight attendants who voted to go on strike this weekend. Travel disruptions could start Thursday and could continue until a deal is reached. The airline said it would suspend operations on Saturday and could remain shut down till

By Samantha Delouya, CNN (CNN) — New York Attorney General Letitia James on Wednesday sued Early Warning Services (EWS), which operates Zelle, alleging the electronic money-transfer service fails to protect its users from “massive amounts of fraud.” The lawsuit alleges that EWS knew that key features of Zelle’s service made it susceptible to fraud, but

By Reuters (CNN) — World oil supply will rise more rapidly than expected this year and next as OPEC+ members further increase output and supply from outside the group grows, the International Energy Agency said Wednesday. Supply will rise by 2.5 million barrels per day in 2025, up from 2.1 million bpd previously forecast, said

By Jordan Valinsky, CNN New York (CNN) — Amazon is rolling out same-day delivery of fresh food to more than 1,000 cities, a sign that it’s finally finding success with its grocery business after years of shifting strategies. In a move that Amazon describes in a press release as one of its “most significant grocery

By Lianne Kolirin, CNN (CNN) — Fake Labubu dolls that could pose a choking hazard for young children have flooded the UK market, a consumer standards body has warned. Legitimate Labubu toys, created by Hong Kong artist Kasing Lung and sold by Chinese toymaker Pop Mart, have become a viral and profitable sensation around the

By Gordon Ebanks, CNN (CNN) — American families, weary of high grocery prices, are looking for ways to cut costs. The cost of food at home in July rose 2.2% from the year before, according to the Bureau of Labor Statistics. More than 80% of American adults cite the cost of groceries as a source

By Matt Egan, CNN Las Vegas (CNN) — Geoffrey Hinton, known as the “godfather of AI,” fears the technology he helped build could wipe out humanity — and “tech bros” are taking the wrong approach to stop it. Hinton, a Nobel Prize-winning computer scientist and a former Google executive, has warned in the past that

By Elisabeth Buchwald, CNN (CNN) — Days after Goldman Sachs’ top economists published research claiming price increases stemming from higher tariffs are poised to soon be borne mostly by consumers, President Donald Trump is urging the bank’s CEO, David Solomon, to get a new economist. “Tariffs have not caused Inflation, or any other problems for

By Clare Duffy, Lisa Eadicicco, CNN New York (CNN) — Artificial intelligence search company Perplexity has made an unsolicited, $34.5 billion offer to purchase Google’s Chrome browser, a surprise move by a Google Search challenger that’s looking to upend how people find information online. Perplexity spokesperson Jesse Dwyer confirmed to CNN the details of the

By Alicia Wallace, David Goldman, CNN (CNN) — E.J. Antoni, President Donald Trump’s pick to lead the Bureau of Labor Statistics, is no longer considering suspending the monthly jobs report — one of the most crucial and historic measurements of US economic activity — after proposing the unprecedented action during an interview that published Tuesday.

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump is considering suing Federal Reserve Chair Jerome Powell, White House press secretary Karoline Leavitt said Tuesday. Her comments came after Trump wrote earlier Tuesday that he was “considering allowing a major lawsuit against Powell to proceed.” “Fortunately, the economy is sooo good that we’ve blown through

By Alicia Wallace, CNN (CNN) — Falling gas prices helped keep overall inflation tame in July; however, a broader array of products got even more expensive last month, showing that President Donald Trump’s expansive tariffs are being passed along to consumers. Consumer prices rose 0.2% in July, keeping the annual inflation rate at 2.7%, according

By Ramishah Maruf, Samantha Delouya, CNN New York (CNN) — Hours before President Donald Trump fired former Bureau of Labor Statistics commissioner Erika McEntarfer this month, E.J. Antoni appeared on former White House strategist Steve Bannon’s podcast to discuss the BLS’ monthly jobs report, which showed much-lower-than-expected numbers for July and shockingly steep revisions for

By Jordan Valinsky, CNN New York (CNN) — Taco Bell’s Mountain Dew Baja Blast is getting its first permanent new flavor in two decades, the chain’s latest push into the fast-growing beverage sector. The fast-food chain is rolling out Thursday “Baja Midnight,” a new, purple-hued version of the cult-favorite soda, which mixes passion fruit flavors

Story by Reuters (CNN) — Norway’s $2 trillion sovereign wealth fund, the world’s largest, said on Tuesday it expects to divest from more Israeli companies as part of its ongoing review of investments in the country over the situation in Gaza and the West Bank. The fund announced on Monday it was terminating contracts with

By Clare Duffy, Emily Williams, CNN Fort Collins, Colorado (CNN) — In his nine years at the Fort Collins, Colorado, police department, Officer Scott Brittingham says he has taken a lot of pride in the process of writing reports after each call for service. But when the department decided to test a tool to speed

By John Liu, CNN (CNN) — Elon Musk said his artificial intelligence start up xAI will sue Apple for allegedly favoring AI competitors in its App Store in what he called a breach of antitrust regulations. In a series of posts on X on Monday, a social media platform he owns, he accused Apple of

CNN, POOL By Elisabeth Buchwald, Phil Mattingly, CNN (CNN) — The United States and China agreed to pause tariff hikes on each other’s goods for an additional 90 days, according to an executive order signed by President Donald Trump on Monday. Without the agreement, tariffs were set to immediately surge, risking a return to ultra-high

By Samantha Delouya, Samantha Waldenberg, CNN (CNN) — President Donald Trump on Monday nominated E.J. Antoni to be the new commissioner for the Bureau of Labor Statistics, the agency that collects and publishes data about jobs and inflation, after firing the previous commissioner, whom he accused without evidence of rigging jobs data. “I am pleased

By Alicia Wallace, CNN (CNN) — The next batch of inflation data from the Bureau of Labor Statistics was already shaping up to be a high-profile affair due to the expected impact of President Donald Trump’s hefty tariffs. But after Trump fired the agency’s top statistician, Tuesday’s report now comes with some other, unexpected baggage.

By Elisabeth Buchwald, Phil Mattingly, CNN (CNN) — The United States and China agreed to pause tariff hikes on each other’s goods for an additional 90 days, according to an executive order signed by President Donald Trump on Monday. Without the agreement, tariffs were set to immediately surge, risking a return to ultra-high levels that

By Clare Duffy, Phil Mattingly, Lisa Eadicicco, CNN New York (CNN) — Nvidia, the world’s most valuable company, has found itself caught in the middle of President Donald Trump’s historic trade war with China. The result: an extraordinary concession from a $4.5 trillion corporation that will give the United States a percentage of every high-end

By Chris Isidore, CNN (CNN) — Ford plans to invest billions in new electric vehicle production, calling it the company’s “next Model T moment.” Ford said Monday it will invest $5 billion into a new assembly line and battery production to build EVs, including for a new, unnamed model that Ford says will be the

From Reuters (CNN) — Four reactors at France’s Gravelines nuclear power plant were shut down late Sunday due to a swarm of jellyfish in the cooling systems, operator EDF said on Monday, likely due to rising water temperatures because of global warming. The plant in northern France is one of the largest in the country

By Lianne Kolirin, CNN (CNN) — Elon Musk’s Tesla has applied to the British energy regulator for a license to supply electricity to households in the United Kingdom. If approved, it would enable Tesla to compete with a host of big energy firms that currently supply the vital utility to properties across England, Wales and

By Jordan Valinsky, CNN New York (CNN) — AOL, an internet pioneer that brought millions of Americans online for the first time, is discontinuing its dial-up service next month. The company that brought the internet to the masses in the 1990s and early 2000s recently posted a notice on its website saying that it “routinely

By John Towfighi, CNN New York (CNN) — Wall Street traders embraced the term TACO — Trump always chickens out — earlier this year to describe President Donald Trump’s on-again, off-again position on tariffs. Trump liked to impose hefty import taxes but would inevitably back off when markets plunged, analysts said. Now Trump is calling

By Tami Luhby, CNN (CNN) — President Donald Trump recently made his boldest claim yet in his longstanding promise to lower drug prices. “You know, we’ve cut drug prices by 1,200, 1,300 and 1,400, 1,500%,” he told reporters on Sunday, noting the reductions will start over the next two to three months. “I don’t mean

By Auzinea Bacon, CNN (CNN) — American moviegoers are sending a loud and clear message to Hollywood: make quality, original horror movies and we will come. This weekend, Zach Cregger’s “Weapons” topped the box office, grossing $42.5 million domestically. It’s the second time this year that an original horror was No. 1 at the box

PARAMOUNT PICTURES, UNIVERSAL PICTURES, MARVEL STUDIOS, WALT DISNEY PICTURES, WARNER BROS. PICTURES, CNN By Auzinea Bacon, CNN (CNN) — American moviegoers are sending a loud and clear message to Hollywood: make quality, original horror movies and we will come. This weekend, Zach Cregger’s “Weapons” topped the box office, grossing $42.5 million domestically. It’s the second

By Auzinea Bacon, CNN (CNN) — Many of Hollywood’s summer hits have shared one common formula, no matter what the genre: They are either remakes, sequels or part of a franchise. The strategy has mostly worked, as the domestic box office has effectively rebounded from a slow first quarter, grossing $3.26 billion since the first

By Bryan Mena, Sarah Dewberry, CNN (CNN) — Ike’s Chili in Tulsa, Oklahoma, has been around for 117 years, surviving a myriad of challenges like the Great Depression, the Covid-19 pandemic and a once-in-a-generation burst of inflation. But 2025 already holds an even more complicated challenge. “The cost of everything’s just going up, and we’ve

By Bryan Mena, CNN Washington (CNN) — President Donald Trump recently nominated one of his economic advisers to the Federal Reserve’s top ranks, but his next choice will be far more consequential. Plans for picking the next Fed chair are already taking shape. Trump on Thursday nominated White House economist Stephen Miran to temporarily fill

By John Towfighi, CNN New York (CNN) — The global gold market has been thrown into fresh turmoil after a US government agency indicated that bullion would not be exempt from tariffs. Imports of one kilo and 100-ounce gold bars are subject to reciprocal tariffs, according to a July 31 Customs and Border Protection letter

By David Goldman, Samantha Delouya, Alejandra Jaramillo, Matt Egan, CNN (CNN) — President Donald Trump and his economic advisers are planning a historic sale of stock in Fannie Mae and Freddie Mac, the government-owned mortgage giants that help provide stability and affordability to America’s home loan market. The plans, first reported by the Wall Street

By Matt Egan, CNN (CNN) — Even though President Donald Trump often argues the US economy is booming under his watch, he warned Friday of a 1929-style crash if courts strike down his use of emergency powers to justify sweeping tariffs. “If a Radical Left Court ruled against us at this late date, in an

By Brian Stelter, CNN (CNN) — Paramount’s new CEO doesn’t seem to think he has a “South Park” problem. Rather, David Ellison sees the animated show as part of the solution for the battered media company. Ellison said he has been a fan of “South Park” creators Matt Stone and Trey Parker for his entire

By Lianne Kolirin, CNN London (CNN) — If you want to get away from it all, there can be few places more secluded than Thorne Island. Situated 3 nautical miles off the coast of Pembrokeshire in west Wales, United Kingdom, the private island is home to a 19th century fort. Extending to approximately 2.49 acres,

By Nathaniel Meyersohn, CNN New York (CNN) — President Donald Trump campaigned on lowering grocery prices during the 2024 race and pledged that Americans are “going to be affording their groceries very soon.” But grocery prices have continued to tick higher after the election, and Americans are starting to change their shopping behavior as they

By Matt Egan, CNN New York (CNN) — President Donald Trump’s sweeping tariff regime is generating so much revenue for the federal government that Washington could eventually return some of that windfall to taxpayers. Even though Trump’s historically high tariffs were designed to revive American manufacturing and to help chip away at the national debt,

CNN By Jeanne Sahadi, CNN (CNN) — President Donald Trump on Thursday signed an executive order that could make it easier for 401(k)s and other workplace retirement plans to offer employees the option of investing some of their savings in alternative investments including private equity, long the domain of institutional and “accredited” high-net-worth investors. The

By Bryan Mena, CNN Washington (CNN) — President Donald Trump said Thursday he is nominating Stephen Miran, a key voice in the push for the administration’s tariff policy and a critic of the Federal Reserve’s independence, to fill a vacancy at the Federal Reserve’s Board of Governors on a temporary basis. Miran is currently the

By Liam Reilly, CNN (CNN) — Katie Miller is leaving her role as a top aide to Elon Musk to start a podcast for conservative mothers. “The Katie Miller Podcast” will launch next Monday with weekly episodes featuring “real, honest conversations with people across the political spectrum,” Miller said in an introductory video. The podcast

By Lisa Eadicicco, CNN (CNN) — OpenAI on Thursday launched GPT-5, an upgraded version of the AI model behind ChatGPT that the company claims is significantly faster and more capable than its predecessor. The launch comes as the AI giant has faced increased competition and amid growing concerns about AI’s impact on mental health and

By Brian Stelter, CNN (CNN) — Control of Paramount, the legendary but troubled TV and movie maker, shifted to Silicon Valley scion David Ellison on Thursday, following a protracted and politically tainted merger process. The transition was full of symbolism: The Redstone family, which built the company into a cable-era giant that lagged in the

By Allison Morrow, Matt Egan, CNN New York (CNN) — President Donald Trump signed an executive order Thursday that aims to punish banks for restricting services to customers based on their political or religious beliefs, formalizing “debanking” protections that conservatives and crypto industry advocates have been pushing for. The order directs federal banking regulators to

By Alejandra Jaramillo, CNN (CNN) — President Donald Trump on Thursday demanded the resignation of Intel CEO Lip-Bu Tan following reports and allegations that he has ties to China. “The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem. Thank you for your attention to this

By Jeanne Sahadi, CNN (CNN) — President Donald Trump on Thursday signed an executive order that could make it easier for 401(k)s and other workplace retirement plans to offer employees the option of investing some of their savings in alternative investments including private equity, long the domain of institutional and “accredited” high-net-worth investors. The order

By Lisa Eadicicco, CNN (CNN) — Apple CEO Tim Cook should be breathing a sigh of relief. The White House on Wednesday ratcheted tariffs on Indian imports up by an additional 25%, raising the total levies on one of the United States’ most crucial trading partners to 50% when they kick in later this month.

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump just enacted a new wave of tariffs on dozens of America’s trading partners, marking a substantial escalation in ongoing trade tensions that could constitute the biggest change to the global economy in nearly a century. The historic new trade policy follows months of false starts to

By Phil Mattingly, CNN (CNN) — President Donald Trump is planning to meet with advisers Wednesday about an unexpected open seat on the Federal Reserve Board of Governors, according to a person familiar with the matter. Trump, who has been sharply critical of the Fed’s interest rate decisions, received surprise news last week when current

CNN By Lisa Eadicicco, CNN (CNN) — Apple is investing another $100 billion to expand its operations in the United States, the company announced on Wednesday, as President Donald Trump said he would levy a large import tax on chips coming into the country. Apple’s investment comes after the tech giant already committed $500 billion

By Brian Stelter, Liam Reilly, CNN (CNN) — In an absolute blitz of news this week, the cable sports institution ESPN showed how it is fully transforming into a streaming-first player. The network inked several new deals with the NFL, announced the imminent launch of its all-inclusive streaming service, and added new wrestling programming from

By Lisa Eadicicco, CNN (CNN) — Apple is investing another $100 billion to expand its operations in the United States, the company announced on Wednesday, as President Donald Trump said he would levy a large import tax on chips coming into the country. Apple’s investment comes after the tech giant already committed $500 billion to

By Jordan Valinsky, CNN New York (CNN) — McDonald’s sales have finally turned a corner, thanks in part to “A Minecraft Movie” meal deal that marked the chain’s largest marketing campaign ever. Sales at McDonald’s US locations open at least a year rose 2.5% for the quarter ending June 30, putting an end to two

By Jordan Valinsky, CNN New York (CNN) — Claire’s, a mall staple that attracts pre-teens for its bargain jewelry and accessories, has filed for its second bankruptcy in less than a decade. The retailer, which filed for Chapter 11 bankruptcy protection in a federal court in Delaware Wednesday, has been dealing with several problems in

By Lianne Kolirin, CNN (CNN) — It is the high-octane toy for those who have everything: an underwater jetpack that allows you to zip beneath the surface of the ocean – for as long as you can hold your breath. Described by its makers as an “innovation for those who demand the extraordinary,” the CudaJet

By Elisabeth Buchwald, CNN (CNN) — Hardly a day goes by without President Donald Trump boasting about the record tariff revenue the US government has been collecting since he ratcheted up taxes on almost every imported good. “We have a lot of money coming in, much more money than the country’s ever seen,” Trump said

By David Goldman, CNN (CNN) — The bad news in last Friday’s jobs report may have been overshadowed when President Donald Trump fired the commissioner in charge of producing it. But economists haven’t forgotten about America’s job market – and they’re growing concerned. Some of the jobs report data has economists using a word they

By Jordan Valinsky, CNN New York (CNN) — Linda Yaccarino, the former CEO of the Elon Musk-owned social media platform X, has a new leadership gig in the weight loss space. Yaccarino on Tuesday was named the CEO of eMed, a Miami-based telehealth company that dispenses GLP-1 medications such as Wegovy and Ozempic. The appointment

By Jordan Valinsky, CNN New York (CNN) — Dunkin’ is already a staple in many people’s morning routines, and now it’s looking to be part of their nightcap, as well. Liqueur brand Kahlúa is collaborating with Dunkin’ and turning the coffee and doughnut chain’s popular caramel swirl syrup into a new creamy liqueur, called “Kahlúa

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump said Treasury Secretary Scott Bessent is no longer being considered as a replacement for Jerome Powell as Federal Reserve Chair. “I love Scott, but he wants to stay where he is,” Trump said Tuesday in a CNBC interview. “I’ll take him off, because I asked him

By Jordan Valinsky, CNN New York (CNN) — Nearly a year ago, Jaguar unveiled a refreshed brand identity that was supposed to usher in its future. So far, it’s been mostly a headache. The 102-year-old luxury automaker, once a head-to-head competitor with brands like Mercedes-Benz and BMW, had been plagued with problems even before the

CNN By Elisabeth Buchwald, Michael Rios, CNN (CNN) — President Donald Trump said on Monday that he will “substantially” raise tariffs on India because it’s still buying Russian oil. “India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for

By Elisabeth Buchwald, Michael Rios, CNN (CNN) — President Donald Trump said on Monday that he will “substantially” raise tariffs on India because it’s still buying Russian oil. “India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big

By Liam Reilly, CNN (CNN) — The New York Post is heading west. The tabloid’s ownership announced that it will launch a sister publication, The California Post, in early 2026. Based out of Los Angeles, the new tabloid will operate separately under the New York Post Media Group, a Murdoch-owned News Corp subsidiary that houses

By Jordan Valinsky, CNN New York (CNN) — Tesla’s board is giving CEO Elon Musk another huge pay day. The company’s latest CEO pay package, worth about $29 billion, comes several months after a Delaware court rejected for a second time Musk’s 2018 performance award following a shareholder lawsuit. Musk is currently appealing the order.

By Nathaniel Meyersohn, CNN New York (CNN) — The Trump administration declared victory after Kraft Heinz, Skittles and General Mills made splashy announcements to remove artificial colors — even taking credit for Coca-Cola’s plan to replace high-fructose corn syrup with US cane sugar in a new version this fall. “President Trump delivers on MAHA (Make

By Tami Luhby, Jeanne Sahadi, CNN (CNN) — The Trump administration will soon stop sending out paper checks for Social Security beneficiaries, as part of an effort to fully modernize federal benefits payments. That means a little over half a million recipients — or 0.8% of all the program’s beneficiaries — must now choose another

By Lisa Eadicicco, CNN (CNN) — In 2013, Motorola tried to claw its way into a bigger share of a smartphone market dominated by Apple and Samsung with four words: Made in the USA. “There was a segment of customers that said, ‘Hey, if you produce products in the United States, I’m more likely to

By Chris Isidore, CNN (CNN) — Boeing on Monday was hit with its second strike in less than a year, as 3,200 hourly machinists walked off their aerospace jobs in the St. Louis area. Members of the International Association of Machinists (IAM) voted to authorize a strike at three defense plants starting Monday at 12:59

By David Goldman, CNN (CNN) — President Donald Trump claimed without evidence that the massive revisions to the latest jobs report constituted a “scam,” accusing one of the top overseers of government statistics of cooking the books in a vendetta against his presidency. “In my opinion, today’s Jobs Numbers were RIGGED in order to make

By Reuters (CNN) — OPEC+ agreed on Sunday to raise oil production by 547,000 barrels per day for September, the latest in a series of accelerated output hikes to regain market share, as concerns mount over potential supply disruptions linked to Russia. The move marks a full and early reversal of OPEC+’s largest tranche of

By Auzinea Bacon, Samantha Waldenberg, CNN (CNN) — President Donald Trump on Sunday told reporters his administration will be announcing a new commissioner of the Bureau of Labor Statistics “over the next three, four days,” after he fired the previous one. “We’ll be announcing a new statistician sometime over the next three, four days. We

By Elizabeth Wagmeister, CNN (CNN) — After weeks of growing calls to pull Huda Beauty products from its stores, Sephora has acknowledged that is “actively reviewing” anti-Israel comments made by the mega-popular beauty brand’s founder, Huda Kattan. Last week, TikTok removed an antisemitic video posted by the celebrity beauty mogul and influencer. Kattan, the founder

By Ramishah Maruf, CNN New York (CNN) — President Donald Trump last week suspended a global trade loophole allowing smaller parcels into America duty-free. This closes a backdoor into the United States for Chinese mega-shippers like Shein and Temu, who could potentially pass the cost of those duties down to consumers. Trump eliminated the so-called

By Tami Luhby, CNN (CNN) — Ever since President Donald Trump started promising to slap tariffs on pharmaceutical imports, drugmakers have unveiled a flurry of commitments to build or expand US manufacturing operations in the coming years. AstraZeneca is investing $50 billion to expand its drug manufacturing in the US. Johnson & Johnson is pouring

By Auzinea Bacon, CNN (CNN) — Warren Buffett’s Berkshire Hathaway on Saturday reported operating earnings for the second quarter fell 3.79% from the same time last year. It’s the company’s first earnings report since Buffett, 94, announced his plans to step down as chief executive at the end of the year and named Greg Abel,

By Jordan Valinsky, CNN New York (CNN) — In 1986, Doritos released “Cool Ranch” chips, which has since became one of the brand’s most popular flavors, selling tens of millions of bags and spawning spinoffs from taco shells to popcorn. Nearly 40 years later, the PepsiCo-owned tortilla chips maker thinks it’s found the next big

By Bryan Mena, CNN Washington (CNN) — A member of the Federal Reserve’s Board of Governors announced Friday that she is resigning several months before the end of her term, handing President Donald Trump an early opportunity to fill a key vacancy. Fed Governor Adriana Kugler is stepping down from her role, effective August 8.

By Reuters (CNN) — A Florida jury on Friday found Tesla liable in the 2019 fatal crash of an Autopilot-equipped Model S, and ordered Elon Musk’s automaker to pay $329 million to the family of a deceased woman and an injured survivor. Jurors in Miami federal court ordered Tesla to pay $129 million in compensatory

CNN By Liam Reilly, Brian Stelter, CNN (CNN) — The Corporation for Public Broadcasting announced on Friday that it will wind down its operations due to the successful Republican effort to defund local PBS and NPR stations across the country. The announcement came just over a week after President Donald Trump enacted a rescissions bill

By Kit Maher, Matt Egan, Alicia Wallace, CNN (CNN) — President Donald Trump has fired Dr. Erika McEntarfer, the commissioner of the Bureau of Labor Statistics, whom he accused, without evidence, of manipulating the monthly jobs reports for “political purposes.” The BLS’ monthly labor report Friday showed that the US economy added only 73,000 jobs