CNN Business/Consumer

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump threated to impose “substantial Tariffs on any Country that does not make its furniture in the United States,” he wrote in a Truth Social post on Monday. “Details to follow!!!” he added. This comes after he announced last week that a 50% tariff on kitchen cabinets

By Jordan Valinsky, CNN New York (CNN) — Video game maker Electronic Arts is going private in a $55 billion deal that’s funded by Saudi Arabia and a Jared Kusher-backed investment firm. The company, which makes hits like “Madden NFL,” “The Sims,” and “Battlefield,” announced Monday that the consortium is led by Saudi Arabia’s Public

By Jordan Valinsky, CNN New York (CNN) — McDonald’s is rebooting a fan-favorite game after a decade in an effort to spur sales. Once a cultural phenomenon, and even the subject of scandal, Monopoly is back. The promotion is returning to US restaurants on October 6 for a limited time, but not in the way

By Auzinea Bacon, CNN (CNN) — Amazon will soon have to refund some Prime members as part of a $2.5 billion settlement with the Federal Trade Commission – $1.5 billion of which will be returned directly to customers. It’s the FTC’s largest-ever settlement and the second-highest refund award in history. The FTC said in a

By Aaron Cooper, CNN (CNN) — For years, following significant and continuous quality and safety errors, Boeing has been barred from certifying the safety of some of its own aircraft on behalf of the US government. Following 18 months of intense oversight and scrutiny from US regulators, the Federal Aviation Administration is restoring Boeing’s safety

By Bryan Mena, CNN Washington (CNN) — Americans are souring on the economy again to levels seen rarely in the post-World War II era, raising the question of what it means for spending, economic growth and other key metrics gauging the world’s largest economy. Consumer sentiment fell this month to a final reading of 55.1,

By Alicia Wallace, CNN (CNN) — Americans ramped up their spending in August; however, their costs of living were on the rise as food and other goods became even more expensive last month and services prices remained stubbornly high. New economic data released Friday showed that consumer spending rose 0.6% in the key back-to-school shopping

By Tami Luhby, CNN (CNN) — President Donald Trump announced Thursday that brand-name or patented pharmaceutical products will be subject to a 100% tariff starting October 1 – unless the drugmaker is building a manufacturing plant in the US. Trump has been promising for months to levy tariffs on pharmaceutical imports, which avoided tariffs during

CNN By Samantha Waldenberg, Clare Duffy, CNN (CNN) — President Donald Trump signed an executive order on Thursday clearing the way for the completion of a deal to sell TikTok’s US assets to a consortium of mostly American investors. The order marks an important procedural step toward finalizing the TikTok sale, but the deal is

By Oren Liebermann, Tal Shalev, CNN (CNN) — Microsoft has terminated a set of services for the Israeli military after an investigation suggested Israel was using the company’s cloud computing technology for mass surveillance of Palestinians. In a statement posted the company’s blog, Microsoft President Brad Smith said the company had “ceased and disabled a

By Jordan Valinsky, CNN New York (CNN) — Amazon is paying a historic $2.5 billion settlement with the Federal Trade Commission, the agency announced Thursday, ending a 2-year dispute over allegations the company tricked consumers into signing up for its Prime subscription service and then made it hard to cancel. As part of the agreement,

By Bryan Mena, CNN Washington (CNN) — The US economy’s comeback in the second quarter was just revised higher again, and economists estimate that momentum carried on in the third quarter, underscoring the resilience of the world’s largest economy. Gross domestic product, the broadest measure of the economic output, rose at an annualized rate of

By Samantha Waldenberg, Clare Duffy, CNN (CNN) — President Donald Trump signed an executive order on Thursday clearing the way for the completion of a deal to sell TikTok’s US assets to a consortium of mostly American investors. The order marks an important procedural step toward finalizing the TikTok sale, but the deal is not

By Jordan Valinsky, CNN New York (CNN) — Starbucks is taking “significant action” to turn around its struggling business, closing a large number of cafés and announcing a second round of layoffs at its headquarters as part of CEO Brian Niccol’s efforts to resuscitate the troubled chain. Niccol announced Thursday that Starbucks will close hundreds

By Natasha Chen, CNN Los Angeles, CA (CNN) — The nearly 102-year-old Walt Disney Company is no stranger to being catapulted into America’s culture wars. But the wrangling over “Jimmy Kimmel Live!” this month marked a new milestone in the entertainment behemoth’s frequent foray into culture-war flashpoints. Just since 2020, Disney has dealt with political

By Brian Stelter, CNN (CNN) — A group of 100-plus former ABC News journalists has sent a letter to Disney CEO Bob Iger urging him to make “a concerted effort to defend free speech and press freedom against political intimidation.” The letter, obtained by CNN on Wednesday, soon after it was delivered to Iger, was

By Matt Egan, CNN New York (CNN) — Tariffs are fueling a significant chunk of price hikes across the economy, according to a survey of executives released Wednesday. Chief financial officers estimate tariffs are to blame for about one-third of their companies’ price growth this year, according to The CFO Survey issued by Duke University

By Clare Duffy, CNN New York (CNN) — YouTube said Tuesday it plans to reinstate some accounts that it previously banned for violating rules against repeatedly posting misinformation about Covid-19 and the 2020 election. That announcement came in a letter sent by a lawyer for the platform’s parent company, Alphabet, to House Judiciary Committee Chairman

By Luciana Lopez, CNN (CNN) — Jimmy Kimmel returned to his late night show on Tuesday night after a suspension amid pressure by the Trump administration and a furor over Kimmel’s remarks about the killer of conservative activist Charlie Kirk. Kimmel delivered an opening monologue – occasionally choking up – that ranged across everything from

By Ana Nicolaci da Costa, CNN LONDON (CNN) — Right-leaning podcaster Joe Rogan has chimed in on the suspension of late night host Jimmy Kimmel amid pressure from the Trump administration, saying the government should not determine what comedians say and that conservatives were “crazy” to support any such interference. Disney’s ABC last week took

By Jordan Valinsky, CNN New York (CNN) — As Aldi expands across the United States, so does its name recognition. Now, that name will be stamped on all of its own products. Aldi announced Wednesday sweeping changes across its product portfolio, drastically reducing the number of in-house brands from about 90 to 26 and consolidating

By Brian Stelter, Dan Heching, Andrew Kirell, CNN (CNN) — Jimmy Kimmel returned to his late-night stage Tuesday night and urged viewers to stand up to President Trump’s threats. Shortly before Kimmel’s show aired, the president sent out a new missive against Kimmel’s network, ABC. In an eloquent and emotional monologue, Kimmel assailed “anti-American” efforts

By Liam Reilly, CNN (CNN) — Disney is hiking the price of its subscription streaming service — and the timing couldn’t be more awkward, given the controversy surrounding the media giant’s handling of Jimmy Kimmel this past week. Starting October 21, Disney+’s plan with ads will increase $2 to $11.99, while its ad-free tier will

By Lisa Eadicicco, CNN New York (CNN) — The overwhelming majority of tech industry workers use artificial intelligence on the job for tasks like writing and modifying code, a new Google study has found. The report, coming from Google’s DORA research division and based on 5,000 responses from technology professionals around the world, found that

By Ana Nicolaci da Costa, CNN LONDON (CNN) — Amazon is planning to close all of its Amazon Fresh stores in the United Kingdom as it focuses on online grocery services. The e-commerce giant plans to shut 14 stores and convert another five into Whole Foods Market stores, it said in a statement Tuesday. “In

By Jordan Valinsky, CNN New York (CNN) — Perhaps with Leo Messi as the face of Michelob Ultra, it was only a matter of time before the light lager achieved GOAT status. The Anheuser-Busch beer has overtaken rival Modelo Especial in US retail sales by volume for the year-to-date ending on September 14, according to

By Bryan Mena, CNN Washington (CNN) — Central bankers are underestimating how much pressure interest rates are putting on America’s labor market, said Federal Reserve Governor Stephen Miran, a staunch ally of President Donald Trump, on Monday. “I view policy as very restrictive, (and) believe it poses material risks to the Fed’semployment mandate,” Miran said

By Clare Duffy, CNN New York (CNN) — The White House has answered what had been one of the major outstanding questions regarding its pending deal to transfer TikTok’s US operations to a majority American ownership group: Under the agreement, the app’s algorithm will be operated in the United States and overseen by Oracle. The

By Jordan Valinsky, CNN New York (CNN) — The Federal Trade Commission’s long-awaited trial against Amazon begins this week, with the e-commerce giant’s cancellation practices under the microscope. The lawsuit, filed in 2023 under the Biden administration, accuses Amazon of tricking millions of consumers into signing up for its Prime subscription service through deceptive user

By David Goldman, CNN (CNN) — Sal Iacono, Jimmy Kimmel’s cousin and a long-time writer and performer on “Jimmy Kimmel Live!” suggested Sunday that the show may not be coming back on the air after ABC indefinitely suspended the program last week. On an episode of “The Bill Simmons Podcast” late Sunday night, Iacono said