CNN Business/Consumer

By Alicia Wallace, CNN (CNN) — The US government has reopened following its longest-ever shutdown, setting the stage for the eventual release of the gold-standard federal data that is crucial in analyzing the health and trajectory of the nation’s economy. Data nerds (and government officials, and Federal Reserve policymakers, and business owners, and, well, everyone

CNN By Jordan Valinsky, CNN New York (CNN) — Doug McMillon, Walmart’s CEO for just over a decade, is retiring next year, the retailer announced Friday. McMillon will be succeeded by John Furner on February 1, 2026. Furner is currently the CEO and president of Walmart’s US operations, the company’s largest business unit. Both executives

By Jordan Valinsky, CNN New York (CNN) — Doug McMillon, Walmart’s CEO for just over a decade, is retiring next year, the retailer announced Friday. McMillon will be succeeded by John Furner on February 1, 2026. Furner is currently the CEO and president of Walmart’s US operations, the company’s largest business unit. Both executives have

By John Towfighi, CNN New York (CNN) — For months, it felt like nothing could knock stocks off their steady ascent — but November has been a rough month on Wall Street. The tech-heavy Nasdaq Composite is down almost 4% this month and on track for its first losing month since March. The Nasdaq has

By Jeanne Sahadi, CNN (CNN) — When it comes to voluntarily paying taxes on time to the IRS, crypto investors may not have a great record. At least, not according to an IRS review from 2023, which showed “the potential for” a mere 25% compliance rate. Translation: Only about a quarter of crypto investors are

By Catherine Nicholls, Christian Edwards, Billy Stockwell, CNN London (CNN) — The BBC apologized to US President Donald Trump on Thursday, over a documentary that Trump’s lawyers described as false and defamatory, seeking to defuse a row that has plunged the public broadcaster into its worst crisis in years. A BBC spokesperson said that lawyers

By John Towfighi, CNN New York (CNN) — US stocks closed sharply lower Thursday as investors sold shares in technology companies and volatility picked up on Wall Street. The Dow fell 798 points, or 1.65%. The broader S&P 500 fell 1.66% and the tech-heavy Nasdaq Composite slid 2.29%. Investors also assessed how long it might

By Clare Duffy, CNN New York (CNN) — Artificial intelligence is playing a greater role in everything from homework to jobs and even romantic companionship — all without much oversight to guarantee the tech is being developed and used safely. Now, a pair of state attorneys general are teaming up with two of the biggest

By Lisa Eadicicco, CNN (CNN) — You can already buy almost anything with the click of a mouse. Now tech giants are preparing for an AI helper to do even that for you one day. Google, Amazon and OpenAI are racing to add new AI-powered shopping tools to their services, all aiming to play a

By Jack Guy, CNN London (CNN) — Apple has built its reputation on cutting-edge devices and sleek design, but the company’s latest product is decidedly more low-tech. The iPhone Pocket is a knitted strap developed in conjunction with fashion designer Issey Miyake, “born from the idea of creating an additional pocket,” Apple (AAPL) announced in

By Samantha Delouya, CNN (CNN) — The Trump administration has another idea to make housing more affordable: Let homeowners take their mortgage rate with them when they move. On Wednesday, Federal Housing Finance Agency Director Bill Pulte said the administration is “actively evaluating” so-called portable mortgages. The proposal aims to address the housing market’s lack

By Chris Isidore, Vanessa Yurkevich, CNN (CNN) — The American penny passed away today after a prolonged illness. It was 238 years old. The last penny was minted Wednesday afternoon at the US Mint in Philadelphia, overseen by US Treasurer Brandon Beach. President Donald Trump announced via social media in February that he instructed the

By Brian Stelter, CNN (CNN) — The BBC board held an unexpected meeting on Wednesday as the British broadcaster stares down a legal threat from President Trump, a source told CNN. The person, who had direct knowledge of the meeting, said the board is not planning to issue any immediate statement afterward. A BBC spokesperson

By Lisa Eadicicco, CNN (CNN) — Creating revolutionary pharmaceutical drugs, testing new materials for cars and simulating how market scenarios can affect banks — these are just some of the tasks that could take months or years to develop, even with the most advanced computers. But what if that timeframe could be cut down to

By John Towfighi, CNN New York (CNN) — The Dow surged higher on Tuesday, bolstered by optimism that the US government shutdown might come to an end this week. The Dow gained 559 points, or 1.18%, and closed at a record high of 47,927.96. The broader S&P 500 gained 0.21%. Meanwhile, the tech-heavy Nasdaq Composite

By Lily Hautau, CNN (CNN) — The Mega Millions jackpot is approaching $1 billion dollars after there were no big winners in Tuesday’s drawing. The estimated prize for Friday’s drawing is $965 million – the eighth largest since the game began in 2002, Mega Millions said. The estimated cash payout is $445.3 million. The winning

By Jordan Valinsky, CNN New York (CNN) — Warren Buffett, in his annual message as CEO of Berkshire Hathaway to shareholders – a tradition dating back to 1965 – said that he will be “going quiet” after he steps down at the end of this year But the 95-year-old is not going away just yet.

By Brian Stelter, CNN (CNN) — The BBC is embroiled in a massive political fight over its future, with conservatives capitalizing on an editing screw-up and denouncing the British broadcaster while liberals argue that the institution is flawed but worth defending. On Monday, Trump intensified the pressure by sending a threatening legal letter to the

By Gordon Ebanks, CNN (CNN) — Visa and Mastercard have a potential deal with retailers that would lower fees for merchants, potentially lowering prices but threatening prized consumer rewards. The deal, which is still subject to court approval, could mean big changes for businesses and consumers. In 2024, over a third of all purchases were

By Chris Isidore, CNN (CNN) — The federal government is ordering flight cuts at 40 major airports because of the shutdown – but it’s flyers in places like Pensacola, Florida; Moline, Illinois; Waco, Texas; and Shreveport, Louisiana who will have it the hardest. That’s because small feeder flights are largely the ones getting canceled, not

By John Towfighi, CNN New York (CNN) — Tech stocks took a bruising this week as nerves persist about expensive valuations and a potential artificial intelligence bubble. The Nasdaq Composite closed lower by 0.21% on Friday. The tech-heavy index fell 3.04% across the week and suffered its worst week since early April, when President Donald

By Elisabeth Buchwald, CNN (CNN) — The record-breaking government shutdown has left Americans feeling worse about the economic outlook. That’s according to the latest University of Michigan consumer sentiment survey, which showed the index falling to 50.3 this month from 53.6 in October. It’s the lowest level since June 2022, which marked the lowest reading

By Carlotta Dotto, CNN A European human rights body has ruled that Facebook’s algorithm shows gender bias when promoting job advertisements, marking what activists say is a crucial step in holding big tech companies accountable for the design of their platforms. The Netherlands Institute for Human Rights said in a February 18 decision that Facebook’s

By Samantha Delouya, CNN (CNN) — When Stacy Morgan and her husband, Brandon Dodick, bought their beach house in Buxton, North Carolina, in May, they imagined one day spending their retirement there. Five months later, the house was gone. Theirs was one of 27 beachfront homes in Buxton and Rodanthe, two villages on Hatteras Island,

CNN By Chris Isidore, CNN (CNN) — Tesla shareholders approved a pay package on Thursday that could make CEO Elon Musk, already the world’s richest person, the world’s first trillionaire. Tesla announced that more than 75% of shares voted in favor of the pay package during the company’s annual shareholder meeting. The vote didn’t include

By John Towfighi, CNN New York (CNN) — US stocks fell Thursday as concerns mounted about expensive tech stocks and a risk-off sentiment spread through markets after new data showed a bleak outlook for the job market. The Dow was down 403 points, or 0.85%. The broader S&P 500 fell 0.9%. The tech-heavy Nasdaq Composite

By Jordan Valinsky, CNN New York (CNN) — Outback Steakhouse abruptly closed 21 restaurants in October as it begins a “comprehensive turnaround strategy” to keep up with its trendier competitors. Bloomin’ Brands, Outback’s parent company, disclosed in its earnings report Thursday that in addition to those closures, an additional 22 locations will not have their

By Bryan Mena, CNN Washington (CNN) — Company announcements of layoffs in the United States surged in October as AI continued to disrupt the labor market. Announced job cuts last month climbed by more than 153,000, according to a report by Challenger, Gray & Christmas released Thursday, up 175% from the same month a year

By Elisabeth Buchwald, CNN (CNN) — The chances of businesses getting tariff refunds grew significantly on Wednesday after the Trump administration’s case to keep most of his levies in place was met with deep skepticism from multiple conservative and liberal justices. The big question now: How would potential tariff refunds work? The federal government has

By Ramishah Maruf, Gordon Ebanks, John Towfighi, CNN New York (CNN) — New York’s wealthiest had warned of a business exodus if Zohran Mamdani won Tuesday’s mayoral race. But for small business owners like Kadjahtou Balde, Mamdani’s victory is a reason to stay in one of the country’s most expensive cities. “As somebody who is