CNN Business/Consumer

By Chris Isidore, John Liu, CNN (CNN) — In 2011, Tesla CEO Elon Musk dismissed Chinese electric vehicle maker BYD as a competitor. But some 14 years later, BYD beat the American EV pioneer at its own game. The Chinese car giant has overtaken Tesla as the world’s largest seller of EVs, according to 2025

By Nathaniel Meyersohn, CNN New York (CNN) — In New York City, the typical household spends more than half of its income on rent and 100,000 people sleep in homeless shelters every night. “This is what a full-blown affordability crisis looks like,” said Manhattan Borough President Mark Levine in a December report. Median rents in

By Luciana Lopez, Elijah Shama, Richard Quest, Erin Burnett, CNN (CNN) — Warren Buffett has worn many hats over the years: The stock-picking Oracle of Omaha. An avuncular, Dairy-Queen-eating, Coke-drinking product pitchman. A living symbol of capitalism and its complexities. But for generations of business leaders, the 95-year-old has also served as something else: a

By Hadas Gold, CNN (CNN) — One week ago, 23-year-old Nick Shirley was relatively unknown in the public sphere. But in recent days, he has gained hundreds of thousands of followers and millions of views, amplified by Elon Musk, Vice President JD Vance and FBI Director Kash Patel. The MAGA leaders promoted Shirley’s video of

By Jordan Valinsky, CNN New York (CNN) — Lululemon’s former CEO Chip Wilson is once again slamming the struggling company he founded, and he’s launching a campaign to shake up its board. Wilson, Lululemon’s controversial founder and second largest shareholder, announced Monday that he nominated three new directors, including former executives from ESPN and Activision,

COLUMBIA PICTURES, LIONSGATE, A24, WALT DISNEY PICTURES, 20TH CENTURY STUDIOS, CNN By Auzinea Bacon, CNN (CNN) — Moviegoers flocked to theaters for Disney’s “Avatar: Fire and Ash” on the last weekend of the year, solidifying the sci-fi adventure film’s place as one of the biggest blockbusters of 2025. The third installment of director James Cameron’s

By David Goldman, CNN (CNN) — A soaking wet George Bailey and Clarence, warming up by the fire in the toll house on the bridge, discuss why Clarence jumped into the freezing water. It was to help George, Clarence tells him. “Only one way you can help me,” George says sarcastically. “You don’t happen to

CNN By Toni Odejimi, Rafael Romo, CNN (CNN) — A lucky Powerball ticket holder in Arkansas has won an estimated $1.8 billion jackpot, the second largest in US lottery history, after matching all six numbers in Monday’s drawing. The winning ticket, sold at a Murphy USA gas station in Cabot, Arkansas, matched 4, 25, 31,

By Chris Isidore, CNN (CNN) — For years, a huge Amazon contract has been one of the few bright spots in the US Postal Service’s finances. But now the USPS plans to offer those last-mile services to additional customers to stem billions in ongoing losses – a move that risks losing its biggest customer. The

By Elisabeth Buchwald, CNN (CNN) — An initial reading of third-quarter gross domestic product showed the US economy expanded at an inflation-adjusted annualized rate of 4.3%, a far faster pace than the 3.8% recorded in the second quarter, according to Commerce Department data released Tuesday. That’s the fastest growth rate in two years. An acceleration

By Brian Stelter, CNN (CNN) — Earlier this month, after President Donald Trump blasted “60 Minutes” for interviewing Marjorie Taylor Greene, correspondents noticed a change behind the scenes. “Bari Weiss got personally involved,” specifically with stories about politics, a source at the program told CNN. It was her prerogative as the new editor-in-chief of CBS

CNN By Auzinea Bacon, CNN (CNN) — Popular Kentucky bourbon maker Jim Beam plans to pause production at its main distillery on January 1, according to the James B. Beam Distilling Co. The decision comes as Kentucky faces an increasing supply of aging barrels and uncertainty over President Donald Trump’s trade wars. Kentucky has an

By Auzinea Bacon, CNN (CNN) — Moviegoers escaped into director James Cameron’s sci-fi universe this weekend, driving the third installment of the “Avatar” franchise to an estimated $88 million domestically. The opening was shy of analysts’ expectations that it could earn more than $100 million in its first weekend. The first “Avatar” movie debuted in

WALT DISNEY PICTURES, PARAMOUNT PICTURES, LIONSGATE, ANGEL STUDIOS, 20TH CENTURY STUDIOS, CNN By Auzinea Bacon, CNN (CNN) — Moviegoers escaped into director James Cameron’s sci-fi universe this weekend, driving the third installment of the “Avatar” franchise to an estimated $88 million domestically. The opening was shy of analysts’ expectations that it could earn more than

By Michelle Watson, Karina Tsui, CNN (CNN) — The Powerball jackpot is up to an estimated $1.6 billion after there were no big winners in Saturday night’s drawing. The winning numbers Saturday were 4, 5, 28, 52 and 69, with red Powerball 20. The jackpot for the next drawing – on Monday night – is

By Clare Duffy, CNN New York (CNN) — TikTok has signed the deal backed by President Donald Trump to spin off its US assets to create a new entity with a group of mostly American investors, CEO Shou Chew told employees in a memo Thursday. Although the transaction is not yet complete, the move brings

By Matt Egan, Chris Isidore, Laura Paddison, Ella Nilsen, CNN (CNN) — Truth Social parent company Trump Media & Technology Group announced a deal on Thursday to merge with nuclear fusion company TAE Technologies. The surprise merger drove shares of Trump Media 28% higher before the market open. The companies said the all-stock transaction is

By Alicia Wallace, CNN (CNN) — Inflation unexpectedly – and sharply – slowed in November, a seemingly welcome change for Americans weighed down by the persistently high cost of living. However, economists were quick to caution Thursday that the Consumer Price Index slowing to 2.7% from 3% was likely the result of shutdown-related distortions of

By Elisabeth Buchwald, CNN (CNN) — It’s been a rough year for job seekers. The last thing they wanted was a Spotify Wrapped-style reminder of that. They got one anyway, when LinkedIn launched an inaugural Year in Review. The summaries informed users how many days they visited the platform, how many new connections they made

By Brian Stelter, CNN (CNN) — Warner Bros. Discovery CEO David Zaslav said Wednesday that the regulatory review of Warner’s deal with Netflix has begun, even as Paramount mounts a hostile takeover bid. Two senators are now coming forward and pressing Attorney General Pam Bondi to recuse herself from the review of the deal. Democratic

By Chris Isidore, CNN (CNN) — Federal prosecutors have charged top executives at the subprime auto lender Tricolor with conspiring to defraud lenders and investors of the now-bankrupt company. Tricolor, which went out of business in September, specialized in offering loans and selling used cars to buyers without Social Security numbers or credit histories, often

By Liam Reilly, CNN (CNN) — Warner Bros. Discovery has officially rejected Paramount’s hostile takeover bid, advising its shareholders to do the same. But the battle is far from over. Let’s break down what just happened and what to expect next. So, what just happened? Early Wednesday morning, Warner Bros. Discovery, CNN’s parent company, published

By Lauren Kent, Olesya Dmitracova, CNN (CNN) — The European Union is on the precipice of a momentous decision on whether to use frozen Russian assets to finance more support for Ukraine, an unprecedented plan that has set up a clash between the many member states that support it and Belgium, where the lion’s share

By Chris Isidore, CNN (CNN) — California is threatening to ban sales of Tesla cars in the state for 30 days after a regulator said the term “Autopilot” for its driver assist feature constitutes false advertising. The California Department of Motor Vehicles could have halted Tesla sales in the state immediately, under terms of a

By Jeanne Sahadi, CNN (CNN) — The One Big Beautiful Bill Act, which was signed into law in July, created several new tax provisions and made changes to others that are in effect for this year. So it’s worth having the rundown of some of the key ones before preparing your 2025 tax return. Some

By Lianne Kolirin, CNN London (CNN) — Plans to ban the sale of new combustion engine cars in the European Union by 2035 have been thrown into turmoil after pressure from car manufacturers. On Tuesday, the European Commission proposed applying the ban, approved in 2023, to only 90% of vehicles, down from 100%. This means

By David Goldman, CNN (CNN) — America’s cost-of-living problem is simple math: Inflation spiked several years ago and paychecks haven’t had enough time to catch up. The latest jobs report revealed Tuesday that the problem got even worse last month – and a separate inflation report Thursday could show that the crunch is really on.

By Chris Isidore, CNN (CNN) — President Donald Trump has a tiny solution to a big problem: have US factories manufacture very small cars, like the ones found in Asia and Europe, to drive down giant price tags. “Manufacturers have long wanted to do this, just like they are so successfully built in other countries,”

By Clare Duffy, CNN New York (CNN) — The US government is launching an early career hiring and talent development program to bring more technology and artificial intelligence employees to the public sector, as part of the Trump administration’s efforts to modernize government systems and stay ahead in the global tech race. The launch of

CNN By Matt Egan, CNN New York (CNN) — Donald Trump’s return to the White House set off a gold rush on Wall Street and in the crypto world. Companies and crypto projects linked to Trump and his family exploded in value as traders bet they would benefit from the president’s return to power. A