Money

By Jordan Valinsky, CNN New York (CNN) — The Consumer Financial Protection Bureau has finalized a rule that curbs excessive overdraft fees charged to customers of large banks and credit unions, potentially saving consumers as much as $5 billion a year. The rule, unveiled Thursday, would cap overdraft fees at $5 — a substantial savings

By Nathaniel Meyersohn, CNN New York (CNN) — Drug stores around the United States are struggling. Especially Walgreens. Walgreens’ stock has plunged more than 80% over the past five years, ranking the company among the worst-performing stocks during that stretch. It’s closing 1,200 stores, roughly 15% of its locations. And now Walgreens is reportedly looking

By Matt Egan, CNN New York (CNN) — Import taxes are set to spike under the incoming Trump administration, forcing Americans to pay more for everything from foreign-made sneakers and toys to food, according to new research. The items that are most vulnerable to price spikes from President-elect Donald Trump’s proposed tariffs are ones that

By Tami Luhby, CNN (CNN) — Instead of being able to calmly focus on her chemotherapy treatment, Arete Tsoukalas had to spend hours on the phone arguing with her insurer while receiving infusions in the hospital. Diagnosed with leukemia three years ago, Tsoukalas, 26, was stunned to learn that her insurer’s coverage of the drug

By Hadas Gold, CNN (CNN) — Alex Jones’ control of Infowars has lived on another day, although the long-term future of the site, known for peddling conspiracy theories, has been thrown into doubt after a bankruptcy judge blocked the results of a recent auction for the company’s assets. The judge blocked the winning bid by

By Elisabeth Buchwald, CNN New York (CNN) — Meta has donated $1 million to President-elect Donald Trump’s inaugural fund, the company confirmed to CNN. The news comes two weeks after Meta CEO Mark Zuckerberg met with Trump privately at Mar-a-Lago. The donation was first reported by The Wall Street Journal. CNN has reported that Zuckerberg

By Reuters A US appeals court on Wednesday ruled that Nasdaq could not impose rules requiring companies listed on the exchange to have women and minority directors on their boards or explain why they do not. The New Orleans-based 5th US Circuit Court of Appeals on a 9-8 vote sided with two conservative advocacy groups

By Ramishah Maruf, CNN New York (CNN) — A former Florida-based TD Bank employee was arrested for his alleged role in a massive money-laundering scheme by drug cartels for which the US government previously fined the bank $3 billion. The US attorney’s office in the District of New Jersey announced that Leonardo Ayala, 24, was

WABC, CNN By Matt Egan, CNN New York (CNN) — Corporations are scrambling to protect their senior executives as police warn of an elevated near-term threat against business leaders. Boards are reassessing security budgets. And CEOs are being told to delete their digital footprints. The stunning killing of UnitedHealthcare CEO Brian Thompson in Midtown Manhattan

By Kara Scannell and Lauren del Valle, CNN (CNN) — Federal prosecutors charged two prominent real estate brokers and their brother in a sex trafficking scheme, alleging they baited, drugged and sexually assaulted multiple women since 2010. Tal and Oren Alexander, top real estate brokers and brothers who started at real estate company Douglas Elliman,

By Jordan Valinsky, CNN New York (CNN) — There’s beef cooking between two of the biggest restaurant chains over their respective meal deals. In one corner is Applebee’s, which recently launched a $9.99 “Really Big Meal Deal,” and on the other side is Chili’s, home of the $10.99 promotion that has proven to be a

By Anna Cooban, CNN London (CNN) — Thousands of jobs are on the chopping block at German industrial giant Bosch in yet another blow to the country’s beleaguered economy. A spokesperson for the company told CNN Wednesday that it plans to cut a total of 8,250 jobs globally over the coming years. The axe will

CNN By Alicia Wallace, CNN (CNN) — Inflation heated back up again in November, but it likely wasn’t bad enough to keep the Federal Reserve from cutting rates next week. Consumer prices were up 2.7% for the 12 months ended in November, moving higher from the 2.6% annual increase seen in October and marking the

By Alicia Wallace, CNN (CNN) — Inflation heated back up again in November, but it likely wasn’t bad enough to keep the Federal Reserve from cutting rates next week. Consumer prices were up 2.7% for the 12 months ended in November, moving higher from the 2.6% annual increase seen in October and marking the highest

By Jordan Valinsky, CNN New York (CNN) — A cybersecurity attack is hampering some customers from getting their doughnuts at Krispy Kreme, the company revealed Wednesday. The chain said in a regulatory statement that it had detected “unauthorized activity on a portion” of its technology late last month that is still causing “certain operational disruptions,”

By David Goldman, CNN (CNN) — Macy’s said Wednesday that it has concluded its investigation into an employee who intentionally hid more than $150 million in expenses, and it has tightened its controls to avoid a repeat of the embarrassing problem. The troubled retailer said its investigation revealed a single, unnamed accounting employee—who was responsible

By Reuters (Reuters) — Major food companies, including Kraft Heinz, Mondelez and Coca-Cola, were hit with a new lawsuit in the US on Tuesday accusing them of designing and marketing “ultra-processed” foods to be addictive to children, causing chronic disease. The lawsuit was filed in the Philadelphia Court of Common Pleas by Bryce Martinez, a

By Matt Egan, CNN New York (CNN) — Corporations are scrambling to protect their senior executives as police warn of an elevated near-term threat against business leaders. Boards are reassessing security budgets. And CEOs are being told to delete their digital footprints. The stunning killing of UnitedHealthcare CEO Brian Thompson in Midtown Manhattan last week

By Hadas Gold, CNN (CNN) — A bankruptcy judge has blocked The Onion’s winning bid for Alex Jones’ Infowars conspiracy platform, citing concerns with the auction process which he says left money on the table. “I’m going to not approve the sale to the purchaser. I think there’s a great lack of clarity here,” Judge

By Chris Isidore, CNN New York (CNN) — General Motors is pulling the plug on its efforts to develop a fleet of driverless taxis and will focus on driver-assistance features that require a driver to be ready to take control of the car, the company said Tuesday. GM is dropping robotaxi efforts “given the considerable

By Elisabeth Buchwald, CNN New York (CNN) — From the very moment President-elect Donald Trump takes the oath of office on January 20, he’ll be able to levy tariffs on imports from other nations. On that day, he has already vowed to impose a 25% tariff on Mexican and Canadian imports as well as an

WBAL, WJAC, CNN By Jordan Valinsky, CNN New York (CNN) — After police found the words “deny,” “defend” and “depose” printed on shell casings near the site where UnitedHealthcare CEO Brian Thompson was gunned down, merchandise bearing those words started to appear online. The phrase might be linked to a 2010 book critiquing the health

By Jordan Valinsky, CNN New York (CNN) — Walgreens is reportedly looking to take itself private in a deal with Sycamore Partners, sending the stock nearly 20% higher Tuesday. The Wall Street Journal reported that the beleaguered drugstore giant and the private equity firm are discussing a deal that could be completed early next year.

By Chris Isidore, CNN New York (CNN) — More than 33,000 Boeing employees ended their strike a month ago. But planes have only just recently started moving along the assembly lines that were idled by the two-month work stoppage. Production of its 737 Max jet finally resumed Friday, while Boeing said Tuesday that a second

By Jeanne Sahadi, CNN (CNN) — US workers feel relatively satisifed and secure in their jobs and few say they expect to look for a new job in the coming months, but close to a third say they are not satisfied with their pay. That’s according to a new survey of nearly 5,400 US working

By Juliana Liu, CNN Hong Kong (CNN) — Chinese leader Xi Jinping has warned the United States against restarting a trade war, saying there would be “no winners” even as he vowed to defend the country’s economic interests. Xi made the remarks on Tuesday during a meeting with the heads of several global financial institutions,

By Jordan Valinsky, CNN New York (CNN) — After police found the words “deny,” “defend” and “depose” printed on shell casings near the site where UnitedHealthcare CEO Brian Thompson was gunned down, merchandise bearing those words started to appear online. The phrase might be linked to a 2010 book critiquing the health insurance industry titled,

By Hanna Ziady, CNN London (CNN) — The global airline industry will likely rake in more than $1 trillion in revenue next year, as passenger numbers look set to hit an all-time high of 5 billion, the International Air Transport Association said Tuesday. IATA also predicted that airlines’ average profit per passenger would increase to

By Chris Isidore, CNN New York (CNN) — Juan Soto’s record-shattering $765 million contract with the New York Mets shouldn’t cost the team’s fans a dime for a ticket at Citi Field. But many fans weren’t ready to believe that Monday, when they learned of the record deal that shook the baseball landscape. They’ve watched

By Hanna Ziady, Stefano Pozzebon and Manuela Castro, CNN London/Bogota/Buenos Aires (CNN) — Javier Milei swept to power in Argentina a year ago on a ticket to tackle chronic hyperinflation and overhaul the long-suffering economy. In one regard — slashing the size of the state — he has proven so successful that Donald Trump’s government

By Nathaniel Meyersohn and Chris Isidore, CNN New York (CNN) — Macy’s would be more valuable if it just shut down its business and sold everything off for parts. That’s the argument activist investment firm Barington Capital and private equity firm Thor Equities said in a proposal Monday that called on the company to make

By Clare Duffy, CNN New York (CNN) — Two families have sued artificial intelligence chatbot company Character.AI, accusing it of providing sexual content to their children and encouraging self-harm and violence. The lawsuit asks a court to shut down the platform until its alleged dangers can be fixed. Brought by the parents of two young

By Kristen Holmes and Jack Forrest, CNN (CNN) — Former Florida congressman Matt Gaetz will join One America News Network (OAN) as an anchor in January, the network announced Tuesday. “Matt Gaetz has earned a reputation as a relentless champion of conservative values, taking on entrenched Washington bureaucrats and exposing government overreach,” the network said

By Brian Stelter and Hadas Gold, CNN (CNN) — Rupert Murdoch cannot amend his family trust to put the power of his media companies in the hands of his chosen successor, a Nevada commissioner has ruled. The probate commissioner, who heard several days of secret testimony by Murdoch family members earlier this year, issued a

By Jordan Valinsky, CNN New York (CNN) — Taco Bell is testing a new restaurant that isn’t focused on tacos. The newly opened concept in San Diego is called the Live Más Café, featuring a beverage-centric menu that includes milkshakes, coffees, fruity iced drinks and a take on a dirty soda trend with its trademark

By Jordan Valinsky, CNN New York (CNN) — Mondelez, the maker of Oreo and Cadbury, is reportedly exploring an offer to buy rival Hershey Company to potentially create one of the world’s largest candy companies. The preliminary discussions between the companies, reported by Bloomberg, sent shares of Hershey (HSY) nearly 15% higher in midday trading

By David Goldman, CNN (CNN) — China has opened an antitrust investigation into American chipmaker Nvidia, the world’s largest provider of processors that power artificial intelligence, according to Chinese state media. The probe serves as the latest escalation of a growing battle for AI dominance, which both the United States and China believe is crucial

By Elisabeth Buchwald, CNN New York (CNN) — President-elect Donald Trump campaigned on the promise to create more American jobs and protect existing ones. But many of his proposals and expected policy changes threaten to have the opposite effect for some working Americans. It remains unclear as to which of Trump’s initiatives will be implemented.

By Matt Egan, CNN New York (CNN) — A black cloud hovering ominously over the US economy has finally parted — at least in the eyes of nearly half of the nation. For the other half, the black cloud is just arriving. That’s the starkly partisan picture painted by the first consumer confidence reading since

By Auzinea Bacon, CNN (CNN) — President-elect Donald Trump said in an interview that aired on Sunday that he has no plans to remove Federal Reserve Chair Jerome Powell. Appearing on NBC’s “Meet the Press with Kristen Welker,” Trump was asked if he would try to replace Powell. “No, I don’t think so. I don’t

By Auzinea Bacon, CNN (CNN) — The concert tour that made Taylor Swift a billionaire wraps up this weekend, but it has already left a lasting impact on the global economy. The pop superstar, whose final performance of “The Eras Tour” takes place Sunday night at BC Place Stadium in Vancouver, British Columbia, emerged as

By Hadas Gold and Clare Duffy, CNN (CNN) — Elon Musk has long been known for his competitive spirit — and for his list of rivals. He challenged Meta’s Mark Zuckerberg to a cage fight. He called Amazon and Blue Origin boss Jeff Bezos a “copycat.” And just recently, he sued OpenAI’s Sam Altman. Until

By Wayne Chang and Rosa de Acosta, CNN (CNN) — The US government has imposed fresh export controls on the sale of high tech memory chips used in artificial intelligence (AI) applications to China. The rules apply to US-made high bandwidth memory (HBM) technology as well as foreign-produced ones. Here’s everything you need to know

By Clare Duffy and Erika Tulfo, CNN New York (CNN) — TikTok’s US-based users could have only a few more weeks to enjoy scrolling through their For You Page before the app is banned in the country starting on January 19, 2025. A US appeals court on Friday upheld the law that requires TikTok to

By Nathaniel Meyersohn and Elisabeth Buchwald, CNN New York (CNN) — Companies are closing headquarters, scrubbing their websites of top executives’ photographs and increasing armed security details for key leaders following the killing of UnitedHealthcare CEO Brian Thompson. Health insurer Medica temporarily closed its Minnetonka, Minnesota, headquarters as a safety precaution, a spokesperson told CNN.

By Samantha Delouya, CNN (CNN) — Google sued the Consumer Financial Protection Bureau on Friday, challenging the agency’s decision to place Google’s payment division under federal supervision. In a copy of the lawsuit provided by Google, the company said the CFPB’s supervision would be a “burdensome form of regulation” imposed based on a “small number

CNN By Clare Duffy and Brian Fung, CNN New York (CNN) — TikTok has lost its bid to strike down a law that could result in the platform being banned in the United States. A US appeals court upheld the law in a ruling Friday. Denying TikTok’s argument that the law was unconstitutional, the judges

CNN By Tami Luhby and Clare Duffy, CNN New York (CNN) — The early morning killing of a top health insurance executive in midtown Manhattan Wednesday has unleashed a flurry of rage and frustration from social media users over denials of their medical claims, a public display of Americans’ pent-up anger at the nation’s complex

By Tami Luhby and Clare Duffy, CNN New York (CNN) — The early morning killing of a top health insurance executive in midtown Manhattan Wednesday has unleashed a flurry of rage and frustration from social media users over denials of their medical claims, a public display of Americans’ pent-up anger at the nation’s complex health

By Alicia Wallace, CNN (CNN) — Job growth surged in November, an expected rebound after hurricanes and striking workers heavily distorted the October data. However, looking past the pendulum swing of recent months, the US labor market remains stable — but cooling — and still hasn’t shaken the cause for concern that a greater weakening

By Liam Reilly and Jon Passantino, CNN New York (CNN) — Los Angeles Times owner Patrick Soon-Shiong, who blocked the newspaper’s endorsement of Kamala Harris and plans to overhaul its editorial board, says he will implement an artificial intelligence-powered “bias meter” on the paper’s news articles to provide readers with “both sides” of a story.

By Chris Isidore, CNN New York (CNN) — A federal judge on Thursday rejected a plea agreement between Boeing and the US government after the company said it would plead guilty to deceiving the Federal Aviation Administration ahead of two fatal 737 Max crashes. The rejection by US District Court Judge Reed O’Connor citied his

By Chris Isidore, CNN New York (CNN) — UnitedHealthcare CEO Brian Thompson had an in-house security detail assigned to him during his trip to New York City, according to a source familiar with the company’s security, but the detail wasn’t with him when he was shot and killed in front of a hotel early Wednesday

By Ramishah Maruf, CNN New York (CNN) — Creators on Twitch have waded into controversy over Israel’s war in Gaza in recent months, spooking advertisers and brands who have pulled away or otherwise admonished the Amazon-owned livestreaming platform. JPMorgan Chase pulled out of Twitch advertising in the last couple of months, a source said, though

By Juliana Liu, CNN Hong Kong (CNN) — British drugmaker AstraZeneca has appointed a new China head, replacing a former executive who has been detained by authorities in the country. Iskra Reic, who oversaw the development of the firm’s Covid shot, will succeed Leon Wang, “who is on extended leave from the company while under

By Chris Isidore, CNN New York (CNN) — Chrysler was once a giant in the US auto industry – one of the Big Three, sharing a name with one of the world’s tallest buildings and with factories and dealerships spread across America. “Once” is the key word. The company has fallen dismally far. Today the

By Alicia Wallace, CNN (CNN) — In October, the initial estimate for the month’s employment gains was a scant 12,000 jobs. Economists are expecting 17 times that total for November. When the Bureau of Labor Statistics releases the November jobs report at 8:30 am ET on Friday, it is wholly anticipated that the data will

By Juliana Liu, CNN Hong Kong (CNN) — OnlyFans, a popular subscription-based website known for its sexually explicit content, is now blocked in China after a period of being accessible. Social media users posting on X had noticed the site was working in late November, which checks by CNN were able to confirm. Beijing generally

By Jeanne Sahadi, CNN (CNN) — A new analysis by Fidelity Investments, one of the largest providers of 401(k) retirement plans, found that the number of accounts with balances topping $1 million rose by 9.5% in the third quarter. All told, of the roughly 24 million participant accounts in the 401(k) plans for which Fidelity

By Liam Reilly, CNN New York (CNN) — Jeff Bezos hopes Donald Trump has changed. Speaking at The New York Times’ DealBook Summit on Wednesday, the billionaire Amazon founder and Washington Post owner said he hopes that a second Trump administration will look more favorably on the press, saying he will “try to talk [Trump]

CNN By Liam Reilly, CNN New York (CNN) — Jeff Bezos hopes Donald Trump has changed. Speaking at The New York Times’ DealBook Summit on Wednesday, the billionaire Amazon founder and Washington Post owner said he hopes that a second Trump administration will look more favorably on the press, saying he will “try to talk

By Elisabeth Buchwald and John Towfighi, CNN New York (CNN) — Bitcoin hit $100,000 for the first time late Wednesday, surging to a new record after President-elect Donald Trump unveiled administration picks seen as holding the keys to ushering in crypto-friendly policies when he takes office in January. Chief among the picks is Paul Atkins,

By Brian Stelter, CNN New York (CNN) — Pete Hegseth’s former colleagues at Fox News are rallying to his side. After disregarding a series of misconduct allegations against Hegseth for days on end, the right-wing network has shifted into a new posture: defense. On Wednesday, several prominent personalities on Fox News, where he was a

By John Towfighi and David Goldman, CNN New York (CNN) — Brian Thompson, the CEO of UnitedHealthcare, who was fatally shot in Midtown Manhattan on Wednesday in what New York police called a “brazen, targeted attack,” was a longtime leader in Corporate America, a model student and star high school athlete – and he had

By Bryan Mena, CNN Washington (CNN) — Federal Reserve Chair Jerome Powell said Wednesday that the US economy’s strength means the central bank can show some restraint with cutting interest rates. “The US economy is in very good shape, and there’s no reason for that not to continue,” Powell said at an event hosted by

By Nathaniel Meyersohn, CNN New York (CNN) — President-elect Donald Trump’s tariff plans may change what products customers can find on Dollar Tree’s shelves – and push the chain to increase prices again. The discount retailer said on its earnings call Wednesday that Trump’s plans to tax imported goods may lead it to alter some

By Elisabeth Buchwald and Brian Fung, CNN New York (CNN) — The crypto and tech communities finally have some clarity on who they’ll potentially answer to over the next four years. On the crypto front, President-elect Donald Trump plans to nominate Paul Atkins to lead the Securities and Exchange Commission. He is expected to regulate

By Jordan Valinsky, CNN New York (CNN) — Chi-Chi’s, the Mexican restaurant chain that closed 20 years ago, is staging a comeback. Hormel Foods, current owner of the Chi-Chi’s trademark, announced Tuesday it’s letting Michael McDermott, son of the chain’s co-founder, use the fabled name to reopen restaurants in 2025. Specific locations, menu items and

By Jordan Valinsky, CNN New York (CNN) — Coca-Cola is scaling back its packaging sustainability goals, igniting outrage from environmental activists. The beverage company, which has long been criticized for being one of the world’s top producer of plastic pollutants, changed its “voluntary environmental goals” this week. It now aims to use 35% to 40%

By Elisabeth Buchwald, CNN New York (CNN) — President-elect Donald Trump appears keen on launching a simultaneous trade war with America’s three biggest trade partners: Mexico, China and Canada. The price US consumers stand to pay for it could potentially be eased if companies move away from these countries. But where exactly will they go?

By Ramishah Maruf, CNN New York (CNN) — Intel may have ousted CEO Pat Gelsinger, but he’s leaving the company with a significant payday. He’s set to receive 18 months of his base annual salary of $1.25 million, according to a filing with the Securities and Exchange Commission. He will also receive 1.5 times his

CNN By Juliana Liu and Sean Lyngaas, CNN Hong Kong/Washington (CNN) — The Chinese government has slammed America’s introduction of fresh export controls on US-made semiconductors that Washington fears Beijing could use to make the next generation of weapons and artificial intelligence (AI) systems. The new measures, unveiled by the outgoing Biden administration, have raised

By Chris Isidore, CNN New York (CNN) — Elon Musk isn’t getting the $101 billion windfall he so desperately wanted. But he’s still among the richest people on the planet and poised to get much richer in the coming years. Delaware Chancery Court Chancellor Kathaleen McCormick again threw out a 2018 pay package from Tesla

By Matt Egan, CNN New York (CNN) — The owner of “woke-free” online marketplace PublicSquare exploded in value on Tuesday on news that Donald Trump Jr. is joining the tiny company’s board of directors. Michael Seifert, the founder and CEO of PublicSquare’s parent company, PSQ Holdings, confirmed the arrival of Trump Jr. on the board

By Brian Stelter, CNN New York (CNN) — What’s a media outlet supposed to do when its longtime host is picked to run the Pentagon, and then a series of eyebrow-raising news stories trigger doubts about his appointment? If you’re Fox News, evidently, you just pretend the stories don’t exist. Fox News, which employed Pete

By Jordan Valinsky, CNN New York (CNN) — Your next visit to a Pizza Hut might remind you of Chipotle. The chain on Tuesday unveiled a new design concept that features a pizza-making station at the center of the restaurant, allowing customers to see employees make their orders. It’s part of broader changes Pizza Hut

By John Towfighi, CNN (CNN) — Searching for something? From queries about US politics to cricket in India, Wikipedia has become a source of information for millions of people across the globe. The Wikimedia Foundation, the nonprofit that operates the site, released on Tuesday its annual list of the most-visited Wikipedia pages, showcasing what people

By Matt Egan, CNN New York (CNN) — President-elect Donald Trump has promised to expel millions of undocumented people as part of the biggest deportation program in American history. But Wall Street doesn’t believe the looming immigration crackdown will live up to Trump’s campaign trail hype. Although investors expect immigration will slow significantly during Trump’s

By Juliana Liu, CNN (CNN) — President-elect Donald Trump has again indicated that he intends to block a Japanese firm’s $15 billion takeover bid of US Steel upon taking office, saying the former American giant can eventually stand on its own. “Through a series of Tax Incentives and Tariffs, we will make U.S. Steel Strong

By Juliana Liu and Sean Lyngaas, CNN Hong Kong/Washington (CNN) — The Chinese government has slammed America’s introduction of fresh export controls on US-made semiconductors that Washington fears Beijing could use to make the next generation of weapons and artificial intelligence (AI) systems. The new measures, unveiled by the outgoing Biden administration, have raised the

By Samantha Delouya, CNN (CNN) — Elon Musk’s record-breaking pay package for serving as Tesla’s CEO was rejected by a Delaware court, despite being approved by Tesla shareholders at a June meeting. The pay package, now worth around $101 billion based on Tesla’s closing share price Monday, is made up of 303 million Tesla stock

By Ramishah Maruf, CNN New York (CNN) — Cargill, the megasized Minnesota-based food production giant, is laying off about 5% of its global workforce as food commodity prices drop. Cargill is America’s largest privately held company, according to Forbes, and is also the world’s largest agricultural commodities trader. In a statement to CNN on Monday,

By Allison Morrow, CNN New York (CNN) — It’s the comeback story no one asked for — the resurrection of a brand so toxic it remains synonymous with corporate fraud more than two decades after it collapsed in bankruptcy. That’s right, folks: Enron is back. But only kind of. TL;DR: A company that makes T-shirts

By Anna Cooban, CNN London (CNN) — Sex workers in Belgium are now entitled to formal employment contracts, which include sick pay and maternity leave, under a landmark law that went into effect Sunday. Under the law, which Belgian lawmakers passed in May, sex workers signing such a contract also become entitled to a raft

By Clare Duffy and David Goldman, CNN (CNN) — Intel Monday announced CEO Pat Gelsinger has resigned after a difficult stint at the company. The once-dominant chipmaker’s stock cratered as it missed the AI boom and was surpassed by most of its rivals. Gelsinger took over as Intel’s chief executive in February 2021, returning to

By Jordan Valinsky, CNN New York (CNN) — Stoli Group USA, the owner of the namesake vodka, has filed for bankruptcy as it struggled to contend with slowing demand for spirits, a major cyberattack that has snarled its operations and several years of fighting Russia in court. The company in its bankruptcy filing said it

By Elisabeth Buchwald, CNN New York (CNN) — During this busy holiday shopping season, some bargain hunters may be wondering if this is the ideal time to stock up on items before they could cost a lot more. That’s because there are only months left before President-elect Donald Trump gets back in the White House,

By Juliana Liu, CNN (CNN) — A major Australian restaurant group known for its pubs has backtracked on plans to ban celebrations during the country’s national day following public criticism and calls for a boycott, in yet another sign of how controversial the anniversary has become. Debate continues to swirl over whether to commemorate January

By Auzinea Bacon, CNN (CNN) — Instead of lounging on the couch after Thanksgiving, Americans headed to movie theaters, as the premiere of Disney’s “Moana 2” and the draw of “Wicked” and “Gladiator II” provided a big boost to the domestic box office. The three blockbusters led the five-day opening weekend record to soar past

By Chris Isidore and Auzinea Bacon, CNN New York (CNN) — Stellantis, the maker of Chrysler, Jeep, Fiat and Peugeot among other brands, announced Sunday that embattled CEO Carlos Tavares has resigned due to differences with the board and in the face of disappointing sales and calls for his ouster. The departure follows a steep

By Hanna Ziady, CNN London (CNN) — Tens of thousands of Volkswagen workers are taking part in strikes at plants across Germany Monday, marking the largest walkouts at the carmaker’s domestic operations since 2018. The strikes, which are planned to last several hours, follow weeks of collective bargaining negotiations during which VW refused to rule

By Auzinea Bacon, CNN (CNN) — Despite retailers offering holiday discounts earlier than usual this year, US consumers did more shopping on Black Friday than the days leading up to it. In-store and online retail sales saw a 3.4% increase year-over-year on Black Friday, according to Mastercard SpendingPulse. “Shoppers are making the most of seasonal