CNN Business/Consumer

By Chris Isidore and Matt Egan, CNN (CNN) — The US Treasury is phasing out production of the penny and will soon stop putting new one-cent coins into circulation, the department said in a statement Thursday. The news of the decision was first reported by the Wall Street Journal Thursday. A Treasury spokesperson said the

By Anna Cooban, CNN London (CNN) — JPMorgan Chase CEO Jamie Dimon isn’t ruling out stagflation in the United States, citing risks posed by large government budget deficits, including in America, and the disruption to global trade induced by US tariffs. The term refers to a nightmare combination of economic stagnation or even a recession

By Clare Duffy, CNN New York (CNN) — Tech firm Workday is facing a collective action lawsuit alleging that its job applicant screening technology is discriminatory, following an order by a California district judge on Friday. The outcome could set a precedent for whether and how companies can use algorithms and artificial intelligence to make

By Matt Egan, CNN New York (CNN) — In the spring of 2020, America faced a once-in-a-century health crisis that crashed the economy and threatened the lives of millions. Republicans and Democrats came together to pass a forceful, and expensive, emergency response that helped prevent permanent scarring to the economy. Today, America’s mountain of debt

By David Goldman, CNN (CNN) — The decidedly unsexy bond market is usually pretty quiet. But when they want to, bond investors can send a loud, clear message to Washington. They did just that Wednesday and Thursday. The 20-year bond auction conducted by the US Treasury on Wednesday afternoon was unusually weak: Demand for the

By Brian Stelter, CNN (CNN) — This is an epic — pardon the pun — week for Comcast and the wider media business. Epic Universe, the first major new theme park in the US in 20-plus years, is opening in Orlando, Florida, on Thursday. Fans are expected to camp out overnight ahead of the official

By John Towfighi, CNN New York (CNN) — Stocks, bonds and the dollar fell on Wednesday as concerns mount about the premier status of American assets. The Dow closed lower by 817 points, or 1.91%. The broader S&P 500 slid 1.61% and the tech-heavy Nasdaq Composite fell 1.41%. The three major indexes each posted their

By Nathaniel Meyersohn, CNN New York (CNN) — Target was already facing a very public revolt from some of its most loyal customers. Now it’s warning about tariffs. The company said Wednesday that sales fell last quarter, driven in part by customer backlash to Target’s reversal on diversity, equity and inclusion (DEI) programs. Target also

CNN, FAA ORDER, NLIA By Chris Isidore, CNN (CNN) — Summer’s usually a boom time for airlines. This year could change that. Airlines began 2025 projecting strong growth. But since then, one issue after another has cut into passenger demand. Air traffic control problems are causing flight delays and cancellations, feeding into traveler worries over

By Matt Egan, CNN New York (CNN) — Despite a brief market scare, the richest 10 Americans got $365 billion richer over the past year, according to a new analysis from Oxfam. The stunning increase in wealth amounts to a gain of roughly $1 billion per day for those billionaires. By contrast, the typical American

By Brian Stelter, CNN (CNN) — Amid an antitrust battle with the Justice Department, global entertainment company Live Nation is adding one of President Trump’s closest advisors to its board of directors. Richard Grenell, who is both Trump’s presidential envoy for special missions and the newly installed president of the Kennedy Center, was named to

By Jordan Valinsky, CNN New York (CNN) — Elon Musk says he’ll be sticking around as CEO of Tesla for the next few years. During an interview Tuesday at Bloomberg’s Qatar Economic Forum in Doha, Musk was asked if he was committed to being the leader of Tesla for the next five years, and he

By Lisa Eadicicco, CNN (CNN) — The very basic meaning of what it means to ” Google” something – typing in keywords and sifting through links, images and information snippets is nearly behind us, according to Google. The search giant laid out its vision for the future of searching the web on Tuesday, introducing a

By Nathaniel Meyersohn, CNN New York (CNN) — Home Depot plans to keep most of its prices stable, despite President Donald Trump’s tariffs driving costs up. But tariffs may cause Home Depot to increase prices on select items and eliminate some product lines entirely. “We don’t see broad based price increases for our customers at

By Elisabeth Buchwald, CNN (CNN) — After the United States lost its last perfect credit rating on Friday, Republicans and Democrats responded by pointing fingers at each other. Moody’s Ratings said problematic debt levels far outpacing government revenue led to the downgrade. Now, it’s up to lawmakers on both sides to take actions to improve

By Brian Stelter, CNN (CNN) — The top executive in charge of CBS News resigned on Monday amid President Trump’s intensifying political pressure against the news operation. Wendy McMahon alluded to a “challenging” past few months in a farewell memo to employees. “It’s become clear that the company and I do not agree on the

By Clare Duffy, CNN New York (CNN) — More than 100 organizations are raising alarms about a provision in the House’s sweeping tax and spending cuts package that would hamstring the regulation of artificial intelligence systems. Tucked into President Donald Trump’s “one big, beautiful” agenda bill is a rule that, if passed, would prohibit states