CNN Business/Consumer

By Elisabeth Buchwald, CNN Annandale-on-Hudson, New York (CNN) — When the July jobs report was first released on August 1, it didn’t feel any different for Erika McEntarfer, former commissioner at the Bureau of Labor Statistics, compared to when other employment reports came out. But that quickly changed after she learned that President Donald Trump

By David Goldman, CNN (CNN) — Dave & Buster’s new CEO is not holding back. Tarun Lal, who took the reins in July, said on his first earnings call with Wall Street analysts Monday night that his company is in more trouble than previously believed. Profit growth continued to shrink, sales have flatlined, and the

By Bryan Mena, CNN Washington (CNN) — Americans still opened their wallets last month, despite persistent fears about the economy, a slowing labor market and higher tariffs. Spending at US retailers rose 0.6% in August, the Commerce Department said Tuesday, unchanged from July’s upwardly revised 0.6%. Last month’s figure came in much better than economists’

By Matt Egan, CNN New York (CNN) — Credit scores are falling at the fastest pace since the Great Recession as Americans struggle to keep up with the high cost of living and the return of student debt payments. The national average FICO score dropped by two points this year, the most since 2009, according

By Chris Isidore, CNN (CNN) — For nearly 60 years, Publishers Clearing House had been known for changing individuals’ lives, fulfilling their dreams with prize money it promised would keep coming for as long as they lived. But now the company is in bankruptcy, and winners’ dreams have turned into nightmares. ARB Interactive, a mobile

By Clare Duffy, CNN New York (CNN) — In the late 1970s, a startup founded by Larry Ellison and two fellow computer programmers got a big break in the form of a CIA contract to build a database program code-named Oracle, which later became the name of the company. Now, nearly 50 years after its

By Bryan Mena, Morgan Rimmer, CNN (CNN) — Stephen Miran, one of President Donald Trump’s top economic advisers, on Monday was confirmed by the Senate to serve on the Federal Reserve’s powerful Board of Governors, hours before the Fed’s two day monetary policy meeting begins. The Senate voted 48-47 to confirm Miran. Sen. Lisa Murkowski

By Elisabeth Buchwald, Dan Berman, CNN (CNN) — President Donald Trump cannot remove Lisa Cook from the Federal Reserve’s Board of Governors for now, a federal appeals court said in an emergency ruling Monday, hours before the central bank’s two-day monetary policy meeting kicks off. The decision from the US Court of Appeals for the

By Matt Egan, CNN New York (CNN) — In his latest bid to reshape the American economy, President Donald Trump has endorsed ending the decades-long practice of public companies sharing their financial results once each quarter. Such a move would represent a dramatic shift aimed at combating short-term thinking inside C-Suites obsessed with pleasing investors

By David Goldman, CNN (CNN) — A deal has been reached between the Trump administration and China to keep TikTok operational in the United States, administration officials announced Monday, concluding a yearslong effort that began during President Donald Trump’s first term. US Treasury Secretary Scott Bessent said that a framework agreement has been reached, and

By Chris Isidore, CNN (CNN) — Elon Musk just spent $1 billion of his own money to buy additional shares Tesla, giving the previously battered stock the vote of confidence needed to complete a comeback and turn positive for the year. The purchase, made Friday and disclosed in a filing Monday, represents a rare action

By Nectar Gan, CNN Hong Kong (CNN) — China will carry out a further investigation into Nvidia after a preliminary probe found that the US chip giant had violated China’s anti-monopoly law, the Chinese market regulator said Monday. Nvidia makes processors that power artificial intelligence, which both China and the United States believe is crucial

By Christopher Lamb, CNN (CNN) — Pope Leo XIV has criticized how the salaries of chief executives dwarf those of their employees, singling out Tesla’s trillion-dollar compensation package for Elon Musk. Leo, speaking during his first sit-down media interview, cited income inequality as one of the factors behind polarization in society. “CEOs that 60 years

WLS By Christopher Lamb, CNN (CNN) — Pope Leo XIV has criticized how the salaries of chief executives dwarf those of their employees, singling out Tesla’s trillion-dollar compensation package for Elon Musk. Leo, speaking during his first sit-down media interview, cited income inequality as one of the factors behind polarization in society. “CEOs that 60

By Auzinea Bacon, CNN (CNN) — The Trump administration on Sunday renewed its request to a federal appeals court to fire Lisa Cook, a Federal Reserve governor who has faced political scrutiny in recent weeks. The move comes ahead of the independent central bank’s vote on interest rates this week. President Donald Trump has repeatedly

By Ramishah Maruf, CNN New York (CNN) — Dozens of social media posts and messages about the murder of Charlie Kirk, including some that celebrated his death, are being spotlighted by conservative activists, Republican elected officials and a doxxing website as part of an online campaign to punish the posters behind the messages. Prominent far-right

By Brian Stelter, CNN (CNN) — Charlie Kirk’s widow and many of his fans have predicted that Wednesday’s assassination will make his voice even more powerful posthumously. Social media statistics indicate that they’re right. Kirk’s accounts across the internet have gained millions of followers in the three days since his death, according to data compiled

CNN By Brian Stelter, CNN (CNN) — Charlie Kirk’s widow and many of his fans have predicted that Wednesday’s assassination will make his voice even more powerful posthumously. Social media statistics indicate that they’re right. Kirk’s accounts across the internet have gained millions of followers in the three days since his death, according to data

By Nathaniel Meyersohn, CNN New York (CNN) — It’s been a nightmare few weeks for Cracker Barrel, taking a drubbing from random social media accounts all the way up to the White House over a fairly typical logo rebrand. But despite the fallout, the old-timey chain still has a chance to make a comeback. Cracker

By Tami Luhby, CNN (CNN) — President Donald Trump wants drugmakers to lower their prices in the US — so he’ll push them to raise prices in other countries to offset the hit to their bottom line, Commerce Secretary Howard Lutnick said Friday. “The president’s going to say that you drug manufacturers cannot sell here

By Elisabeth Buchwald, CNN (CNN) — American consumers are downbeat about the economy, according to preliminary results of a monthly survey conducted by the University of Michigan. The index measuring consumer sentiment fell unexpectedly this month to 55.4 from 58.2 in August as inflation is on the rise and job prospects are worsening. September’s reading

By Hadas Gold, CNN (CNN) — Within minutes of Charlie Kirk’s horrific shooting on Wednesday in Utah, video capturing the moment a bullet hit his body was spreading rapidly online. Surveillance cameras were rolling when Iryna Zarutska was brutally stabbed on a train in North Carolina on August 22, and the gruesome full video was

By Brian Stelter, CNN (CNN) — Long-gestating speculation about a sale of Warner Bros. Discovery burst out into public view on Thursday after the Wall Street Journal reported that Paramount’s new owners are preparing a bid for the rival media company. Analysts told CNN that the potential offer from Paramount is likely the beginning of

By John Towfighi, CNN New York (CNN) — Stocks hit record highs Thursday after August inflation data mostly matched expectations, reaffirming investors’ hopes that the Federal Reserve will cut interest rates in September. The Dow rose 617 points, or 1.36%, and closed at 46,108, crossing the 46,000-point mark for the first time. It’s a symbolic

By Clare Duffy, CNN New York (CNN) — The Federal Trade Commission has launched an investigation into seven tech companies around potential harms their artificial intelligence chatbots could cause to children and teenagers. The inquiry focuses on AI chatbots that can serve as companions, which “effectively mimic human characteristics, emotions, and intentions, and generally are

By Matt Egan, CNN New York (CNN) — President Donald Trump’s sweeping tariff regime is already reshaping global trade and spiking government customs revenue. But these historic import taxes could also push more Americans into poverty, according to new research. An analysis published by The Budget Lab at Yale on Tuesday finds Trump’s tariff hikes

By Elisabeth Buchwald, CNN (CNN) — The Department of Labor is initiating an investigation into how the Bureau of Labor Statistics collects and reports “closely watched economic data,” according to a letter the department’s Assistant Inspector General for Audit, Laura Nicolosi, sent to Acting BLS Commissioner William Wiatrowski on Wednesday. This comes one day after

By Jordan Valinsky, CNN New York (CNN) — Larry Ellison briefly became the world’s richest person Wednesday before ending the day just $1 billion shy of the lead. The uber-billionaire is still on the verge of becoming the world’s richest person, according to the Bloomberg Billionaires Index, growing his net worth $88 billion Wednesday, briefly

By Alicia Wallace, CNN (CNN) — US inflation cooled off at the wholesale level in August, bolstering hopes that high tariffs aren’t yet causing prices to spiral out of control, fresh data showed Wednesday. However, economists caution, the better-than-expected reading could be a sign of a slowing economy and that shrinking businesses’ margins could foretell

By Jordan Valinsky, CNN New York (CNN) — Elon Musk has lost his title of “world’s richest person” title to Oracle cofounder Larry Ellison. Ellison’s wealth jumped by $101 billion to $393 billion after Oracle’s stunningly strong earnings report Tuesday evening, surpassing Musk’s net worth of $385 billion, according to Bloomberg. Oracle (ORCL) reported surging