CNN Business/Consumer

By Bryan Mena, CNN Washington (CNN) — The job market is on such shaky ground that the Federal Reserve may soon need to cut interest rates to support the economy, Fed Chair Jerome Powell said Friday at a key central banking forum. In one of his most consequential speeches, Powell suggested the labor market could

CNN By Jordan Valinsky, CNN New York (CNN) — Cracker Barrel’s modern makeover doesn’t stop with redoing its restaurants. It’s dropping the barrel and the man from its logo, too. On Tuesday, the Southern-inspired casual dining chain unveiled a new logo “rooted even more closely to the iconic barrel shape,” but without the barrel itself

By Harper Stephanopoulos, CNN New York (CNN) — Trendy restaurants have always existed in New York. Places like The Odeon and Raoul’s to Torrisi and 4 Charles Prime Rib have been eateries to see and be seen, their reputations grown over years through word-of-mouth, critics’ reviews and celebrity spottings. Now, the era of TikTok has

By Bryan Mena, Phil Mattingly, CNN Washington (CNN) — A Justice Department official is set to probe Federal Reserve Governor Lisa Cook after she was accused by a member of President Donald Trump’s administration of committing mortgage fraud, according to a letter sent Thursday to Fed Chair Jerome Powell. The letter, seen by CNN, was

By Chris Isidore, CNN (CNN) — Tesla is facing an investigation from federal safety regulators into whether it delayed notifying the government about crashes involving its driver assistance technology. The National Highway Traffic Safety Administration (NHTSA) is looking into whether or not the company is complying with regulations requiring it to report data about crashes

CNN By Nathaniel Meyersohn, CNN New York (CNN) — Walmart is getting hit by tariffs, like every other business in America. But customers are still flocking to Walmart because they believe the retailer offers them the biggest bang for their buck. The retail behemoth once again on Thursday showed how it uses its size to

By Chris Isidore, CNN (CNN) — The lower US tariffs on cars imported from the EU will have to wait, at least for now. The EU-US trade agreement is poised to cut the US import tax on cars from the EU from 27.5% to 15%. However, details released Thursday reveal that the lower rate won’t

By Ryan Hogg, CNN London (CNN) — The Russian government will require the state-backed Max messenger app to be pre-installed on all smartphones and tablets sold in the country, in a move that could increase surveillance of Russian citizens. According to an official statement Thursday, Max will be installed on devices from September 1. The

By Nathaniel Meyersohn, CNN New York (CNN) — Walmart is getting hit by tariffs, like every other business in America. But customers are still flocking to Walmart because they believe the retailer offers them the biggest bang for their buck. The retail behemoth once again on Thursday showed how it uses its size to dominate

By Jordan Valinsky, CNN New York (CNN) — Cracker Barrel’s modern makeover doesn’t stop with redoing its restaurants. It’s dropping the barrel and the man from its logo, too. On Tuesday, the Southern-inspired casual dining chain unveiled a new logo “rooted even more closely to the iconic barrel shape,” but without the barrel itself —

By Bryan Mena, CNN Washington (CNN) — Business has never been this slow for Jovan Richards, who sells shirts, hats and souvenirs emblazoned with the likeness of the nation’s capital. Every day for the past four years, Richards and her husband have set up a table to sell merchandise near the Washington Monument. Richards, 56,

By Chris Isidore, Alexandra Skores, CNN (CNN) — Southwest Airlines, primarily a domestic airline throughout its over 50-year history, is looking at expanding to overseas markets, a further sign that the once-distinctive Texas airline is following the path of rival carriers. “Southwest Airlines is continuing to consider ways to grow our business as we evolve

By John Towfighi, CNN New York (CNN) — Tech stocks were under pressure this week as Wall Street’s AI enthusiasm slowed and investors adjusted portfolios after a strong summer rally. The Nasdaq Composite fell 0.67% on Wednesday after sliding 1.46% on Tuesday. The tech-heavy index was on track to snap back-to-back weeks of gains. Meanwhile,

By Hadas Gold, CNN (CNN) — Elon Musk on Wednesday pushed back against a report that he’s dropping plans to form a new political party after he grew angry with President Donald Trump’s domestic policy bill. The Wall Street Journal reported that the richest man in the world has told associates he fears founding a

By Nathaniel Meyersohn, CNN (CNN) — Target CEO Brian Cornell is stepping down after 11 years amid struggles at one of America’s most prominent retail chains. Cornell helped engineer a turnaround at Target, but it’s been a rocky few years for the retailer. Incoming Target CEO Michael Fiddelke, a veteran leader at the company, will

By Lisa Eadicicco, CNN New York (CNN) — How many apps does it take to plan a work meeting or a dinner with friends? It likely involves bouncing between your text messaging app, an email app, a navigation app like Google Maps and perhaps a reservation app like Resy or Opentable. Google wants to cut

By Bryan Mena, CNN Washington (CNN) — President Donald Trump on Wednesday called on a top policymaker at the Federal Reserve to resign, after one of his allies alleged that she committed mortgage fraud. In a letter dated August 15, Federal Housing Finance Agency director Bill Pulte urged the Justice Department to investigate a pair

CNN By Nathaniel Meyersohn, CNN New York (CNN) — Target CEO Brian Cornell is stepping down after 11 years at the retailer, as the company faces slumping sales and backlash to its retreat on DEI. Cornell’s departure was widely expected. Some industry analysts believed Target should bring in an outside voice to lead the company,

By Jordan Valinsky, CNN New York (CNN) — McDonald’s is slashing the prices of its combo meals just a few weeks after the CEO publicly admitted that its menu has gotten too expensive and pledged to fix the problem. McDonald’s and its US franchisees agreed to price eight popular combo meals at 15% less than

By Nathaniel Meyersohn, CNN New York (CNN) — Target CEO Brian Cornell is stepping down after 11 years at the retailer, as the company faces slumping sales and backlash to its retreat on DEI. Cornell’s departure was widely expected. Some industry analysts believed Target should bring in an outside voice to lead the company, but

By Jordan Valinsky, CNN New York (CNN) — Pizza Hut has a value problem. It hopes a new $5 pizza will help. On Wednesday, the chain is rolling out “Crafted Flatzz,” a thinner and crispier version of its Personal Pan Pizza, for $5. The single-serving pizzas, available for a limited time, are aimed at the

By Jeanne Sahadi, CNN (CNN) — While financial scams have always been around, the variety of schemes that scammers employ to steal money are easily proliferated these days with the internet, social media, AI and crypto. Frauds and scams ranked No. 6 on the list of top consumer complaints last year, according to a recent

By Kit Maher, Clare Duffy, CNN (CNN) — The UK government has backed down on a controversial demand for Apple to build a “back door” into its technology to access private user data following pressure from the Trump administration. The order could have undermined a key security promise Apple makes to its users — the

By Alicia Wallace, CNN (CNN) — Treasury Secretary Scott Bessent on Tuesday threw cold water on the idea that Americans could soon receive tariff rebate checks. Bessent, during an interview on CNBC’s “Squawk Box,” said that revenue from import tariffs will be put toward the US national debt. “I think, at a point, we’re going

By Elisabeth Buchwald, CNN (CNN) — Hundreds of different goods just got a lot more expensive to import into the United States, now that President Donald Trump’s 50% tariff on steel and aluminum tariffs has kicked in. Butter knives, baby strollers, spray deodorants and fire extinguishers, considered “derivative” steel and aluminum products, were previously excluded

By Lisa Eadicicco, CNN New York (CNN) — Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick confirmed on Tuesday that the US government is considering an extraordinary investment in struggling chipmaker Intel. But they gave different answers about what the Trump administration sought to do with that stake. Such a deal, if it were

By Chris Isidore, CNN (CNN) — Home Depot said Tuesday that some of its prices could be going up because of the cost of tariffs. America’s largest home improvement retailer has limited what it has said about the impact of tariffs on its prices before now. But after reporting quarterly results Tuesday, CFO Richard McPhail

By David Goldman, Chris Isidore, CNN (CNN) — Air Canada and a union representing the airline’s flight attendants have come to a tentative agreement, ending a days-long strike that canceled thousands of flights and stranded hundreds of thousands of passengers. “Flight attendants at Air Canada and Air Canada Rouge have reached a tentative agreement, achieving

By Ramishah Maruf, CNN New York (CNN) — Japan’s SoftBank will invest $2 billion into struggling American chipmaker Intel, the two companies announced Monday. SoftBank will pay $23 per share of Intel common stock (INTC), according to a statement from the companies. Intel shares rose 6% in after-hours trading. The news comes just days after

By Tami Luhby, CNN (CNN) — Novo Nordisk announced Monday that US patients can now get a month’s supply of Ozempic, the blockbuster diabetes drug, for $499, for those who pay for medications on their own and don’t go through insurance. The move comes as President Donald Trump is pressuring drugmakers to lower drug costs,