Skip to Content

Money

Starbucks is cutting 30% of its menu

By Jordan Valinsky, CNN New York (CNN) — Starbucks is set to eliminate a significant number of drinks and food options in the coming months as part of the company’s plan to simplify its offerings, reduce wait times and improve its customer experience. CEO Brian Niccol outlined the plan on Starbucks’ earnings call Tuesday, saying

Continue Reading

What the White House meant when it said Biden directed the mass killing of 100 million chickens

By Vanessa Yurkevich and Ramishah Maruf, CNN New York (CNN) — At her first White House briefing, Press Secretary Karoline Leavitt made an unusual claim about the inflation that has stung American shoppers for years: Leavitt said egg prices have continued to surge because “the Biden administration and the Department of Agriculture directed the mass

Continue Reading

5 things to know for Jan. 28: Transgender troops, Immigration raids, Public health, California wildfires, DeepSeek

CNN By Alexandra Banner, CNN (CNN) — Natural disasters like wildfires, floods and hurricanes can have devastating financial consequences for homeowners, yet many are still expected to pay their mortgages — even if their homes are uninhabitable. These tips and resources may help if you find yourself in that daunting situation. Here’s what else you

Continue Reading

A shocking Chinese AI advancement called DeepSeek is sending US stocks plunging

CNN By David Goldman and Matt Egan, CNN (CNN) — US stocks dropped sharply Monday — and chipmaker Nvidia lost nearly $600 billion in market value — after a surprise advancement from a Chinese artificial intelligence company, DeepSeek, threatened the aura of invincibility surrounding America’s technology industry. DeepSeek, a one-year-old startup, revealed a stunning capability

Continue Reading

A shocking Chinese AI advancement called DeepSeek is sending US stocks plunging

By David Goldman and Matt Egan, CNN (CNN) — US stocks dropped sharply Monday — and chipmaker Nvidia lost nearly $600 billion in market value — after a surprise advancement from a Chinese artificial intelligence company, DeepSeek, threatened the aura of invincibility surrounding America’s technology industry. DeepSeek, a one-year-old startup, revealed a stunning capability last

Continue Reading

Companies are running away from DEI. One of America’s biggest beauty brands is standing firm

By Nathaniel Meyersohn, CNN New York (CNN) — Some of the biggest brands in America, including Amazon, Meta, Walmart and McDonald’s, have recently changed or ended their diversity, equity and inclusion (DEI) programs. But e.l.f. Beauty, a popular cosmetics brand, is a rare company vocally touting its diversity efforts and inclusive marketing like its “So

Continue Reading

Trump shrugs off Elon Musk’s criticism of AI announcement: ‘He hates one of the people’

By Donald Judd, CNN (CNN) — President Donald Trump on Thursday shrugged off an ugly back-and-forth between tech CEOs Elon Musk and Sam Altman that pitted one of Trump’s most visible lieutenants against a key participant in a massive $500 billion AI project Trump announced Tuesday. Musk had undercut Trump’s Tuesday Oval Office AI announcement,

Continue Reading

UnitedHealthcare has a new CEO

By Ramishah Maruf, CNN New York (CNN) — UnitedHealthcare announced a new CEO on Thursday, filling in the spot after Brian Thompson was shot and killed in midtown Manhattan in a targeted attack. Company veteran Tim Noel is the new UnitedHealthcare CEO, the company said in an emailed statement. Noel has been the head of

Continue Reading

Trump rescinds measure used to fight workplace discrimination for 60 years

By Chris Isidore, CNN New York (CNN) — President Donald Trump this week rescinded a nearly 60-year-old executive order that prohibited government contractors from discriminating in their hiring, firing, promotion or pay practices. Replacing it is a new requirement that those employers certify that they do not have what he termed “illegal” diversity, equity, and

Continue Reading

Elon Musk bashes the $500 billion AI project Trump announced, claiming its backers don’t ‘have the money’

By Hadas Gold, CNN (CNN) — Shortly after President Donald Trump announced a new massive AI infrastructure investment from the White House, “First Buddy” Elon Musk tried to tear it down. “They don’t actually have the money,” Musk wrote on his social media platform X. “SoftBank has well under $10B secured. I have that on

Continue Reading

Disinformation experts blast Trump’s executive order on government censorship as ‘direct assault on reality’

By Hadas Gold and Liam Reilly, CNN New York (CNN) — One of President Donald Trump’s first actions as he returned to the Oval Office on Monday was signing an executive order aimed at “restoring freedom of speech and ending federal censorship” of US citizens. The order bans federal officials from any conduct that “would

Continue Reading

Jamie Dimon on tariffs: ‘Get over it’

By Elisabeth Buchwald, CNN New York (CNN) — Businesses worldwide and mainstream economists are fretting about higher prices as President Donald Trump unveils his tariff-heavy economic strategy. But Jamie Dimon, CEO of the world’s largest bank, believes there’s perhaps too much worrying and not enough faith in Trump’s plan. Tariffs are “an economic tool” or

Continue Reading

Jamie Dimon on tariffs: ‘Get over it’

CNN By Elisabeth Buchwald, CNN New York (CNN) — Businesses worldwide and mainstream economists are fretting about higher prices as President Donald Trump unveils his tariff-heavy economic strategy. But Jamie Dimon, CEO of the world’s largest bank, believes there’s perhaps too much worrying and not enough faith in Trump’s plan. Tariffs are “an economic tool”

Continue Reading

Prince Harry claims ‘monumental victory’ after reaching settlement with The Sun publisher

By Lauren Kent and Lauren Said-Moorhouse, CNN London (CNN) — Prince Harry has called for police to launch a fresh investigation into Rupert Murdoch’s British newspaper group after securing a “monumental victory” by settling his case over allegations of unlawful information gathering. The Duke of Sussex’s yearslong legal battle took an unexpected turn Wednesday, just

Continue Reading

Trump says he can cut the cost of buying a home. Here’s the reality behind that

By Samantha Delouya, CNN (CNN) — After officially taking office earlier this week, President Donald Trump ordered “emergency price relief” for Americans on housing costs and other living expenses. “Many Americans are unable to purchase homes due to historically high prices, in part due to regulatory requirements that alone account for 25 percent of the

Continue Reading

Biden’s economic legacy: Historic wage gains, investment and job growth but marred by inflation

By Alicia Wallace, CNN (CNN) — President Joe Biden will leave the White House with a strong economy, historic gains in the job market, a foundation for future manufacturing growth, and having brought down decades-high inflation without triggering a recession. Those feats, economists say, are even more impressive considering the nation was deep in the

Continue Reading