CNN Business/Consumer

By Lisa Eadicicco, CNN New York (CNN) — As Big Tech battles for dominance in artificial intelligence, Apple is flying high on the success of the iPhone. The company reported earnings that blew past Wall Street’s expectations on Thursday, largely driven by the iPhone 17. Revenue hit $143.8 billion for the quarter, up from $124.3

By Ramishah Maruf, CNN New York (CNN) — The parent company of Saks Off 5th and Last Call will close most locations to focus on its luxury retail stores after filing for bankruptcy this month. Saks Global announced on Thursday that it will shutter almost 60 of its Off 5th locations and five Last Call

CNN By Hadas Gold, CNN (CNN) — Tesla dominated the electric vehicle industry by the mid-2010s with sleek, fast cars that helped combat the public perception that EVs were severely limited by short ranges. Now the company – and its controversial CEO, Elon Musk – face stiffer competition and political headwinds. Its EV sales fell

By Lauren Said-Moorhouse, CNN Windsor, England (CNN) — King Charles has unveiled a documentary exploring his conviction that humanity needs to understand its connection with the natural world to tackle global warming and some of the other major environmental challenges facing the planet. “Finding Harmony: A King’s Vision,” made in collaboration with his King’s Foundation

By Brian Stelter, CNN (CNN) — With widespread layoffs expected at The Washington Post in the coming weeks, teams of reporters are sending impassioned letters to owner Jeff Bezos, urging him not to shrink the newsroom. In a letter obtained by CNN, the newspaper’s White House reporters banded together to defend some of the desks

By Jordan Valinsky, CNN New York (CNN) — Starbucks has an advantage in the mornings with coffee. Now, it wants to lure people back later in the day with a different type of caffeine boost. The coffee chain’s US locations will roll out a new afternoon menu in the coming weeks, which will include new

By Hadas Gold, CNN (CNN) — Tesla dominated the electric vehicle industry by the mid-2010s with sleek, fast cars that helped combat the public perception that EVs were severely limited by short ranges. Now the company – and its controversial CEO, Elon Musk – face stiffer competition and political headwinds. Its EV sales fell by

By Chris Isidore, CNN (CNN) — Tesla CEO Elon Musk, who turned an upstart electric vehicle maker into an industry-changing powerhouse, is pulling the plug on the two models that helped get him there, as he struggles with another quarter of declining profits and car sales. He announced the end of production of two models

By Jordan Valinsky, CNN New York (CNN) — Unless your name is Domino’s, it’s tough to be a pizza chain right now. Just ask their two main competitors: Pizza Hut and Papa Johns. The former has posted eight consecutive quarters of sales declines and might be on the block. The latter is in the midst

By Jordan Valinsky, CNN New York (CNN) — Amazon is laying off 16,000 employees, the company’s second round of large-scale job reductions in three months as it fights to improve its standing in the battle for AI supremacy. In a blog post Wednesday, the company said it needed to reduce red tape to increase its

By Brian Stelter, CNN (CNN) — TikTok’s new US business, led by a group of mainly American investors approved by President Donald Trump, is off to an inauspicious start. The wildly popular TikTok app has been on the fritz for several days. While other social media sites have been full of speculation that the Trump-aligned

By Chris Isidore, CNN (CNN) — Boeing just announced the end of years of deep financial losses, a turnaround for a company after nearly seven years of bad news. The US aircraft maker reported $8.2 billion in net profit in the fourth quarter, its first profitable period in more than three years thanks to the

By Scottie Andrew, CNN (CNN) — The comedian Megan Stalter, who posts absurd character skits to an audience in the high hundreds of thousands across Instagram and TikTok, tried sharing a different kind of video on Saturday night. Driven by the death of Alex Pretti, the nurse shot by a federal immigration agent or agents

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump announced on Monday he is raising tariffs on goods from South Korea to 25% from 15%. “Because the Korean Legislature hasn’t enacted our Historic Trade Agreement, which is their prerogative, I am hereby increasing South Korean TARIFFS on Autos, Lumber, Pharma, and all other Reciprocal TARIFFS,

By Nathaniel Meyersohn, CNN New York (CNN) — Corporate giants in the Twin Cities stayed silent, publicly, for more than a month as massive federal immigration operations upended daily life and the local economy. Alex Pretti’s killing Saturday and growing national anger over the Trump administration’s immigration policies led companies to change course. Target, UnitedHealth,

By Lianne Kolirin, CNN London (CNN) — The European Union has launched a wide-reaching investigation into Elon Musk’s Grok chatbot on X following global outrage over its ability to generate sexually explicit images, including of children. The scandal erupted at the end of last year when the AI chatbot churned out a barrage of digitally

By Auzinea Bacon, CNN (CNN) — President Donald Trump on Saturday threatened to slap 100% tariffs on Canadian imports if America’s second-biggest trading partner makes a trade deal with China. The comments threaten to deepen the divide between Trump and Canadian Prime Minister Mark Carney, after back-and-forth threats to impose tariffs on Canadian goods, including

By Matt Egan, CNN New York (CNN) — Three Democratic senators are sounding the alarm about lucrative contracts and loans the Pentagon provided to companies linked to Donald Trump Jr. In a letter sent Thursday to Secretary of Defense Pete Hegseth, the lawmakers – Sens. Elizabeth Warren, Andy Kim and Richard Blumenthal – requested information

CNN By Chris Isidore, Matt Egan, CNN (CNN) — President Donald Trump is suing JPMorgan Chase, the nation’s largest bank, and its CEO Jamie Dimon, alleging it improperly dropped him as a client in 2021 for political reasons. The suit in state court in Florida seeks $5 billion in damages. The suit says that the

By Matt Egan, Chris Isidore, CNN New York (CNN) — Severe winter weather warnings have fueled extreme price hikes in the notoriously-volatile natural gas market. The contracts for near-term US natural gas futures have skyrocketed more than 70% so far this week, according to FactSet data. That leaves natural gas on track for the biggest

By Alicia Wallace, CNN (CNN) — Consumers continued to ramp up their spending as the holiday shopping season revved up in November, but high prices continued to bite, new data showed Thursday. A shutdown-delayed report from the Commerce Department showed that spending rose 0.5% from October, an increase that was above economists’ expectations for a

By Clare Duffy, Hadas Gold, CNN New York (CNN) — Elizabeth Holmes, the disgraced Theranos CEO, has asked President Donald Trump for an early release from prison after being convicted of defrauding investors, according to a request filed last year with the Department of Justice. Holmes was convicted in 2022 and reported to a federal

By Chris Isidore, CNN (CNN) — JPMorgan Chase CEO Jamie Dimon limited his criticism of President Donald Trump in a question-and-answer session at Davos on Wednesday – with one notable exception. Trump’s plan for a 10% cap on credit card interest rates, Dimon said, “would be an economic disaster.” Speaking at the at the World

By Lauren Said-Moorhouse, Lauren Kent, CNN London (CNN) — Prince Harry struggled to hold back his emotions as he wrapped up his evidence at a London court on Wednesday, as part of his lawsuit against the publisher of the Daily Mail over allegations of unlawful information gathering, saying “they have made my wife’s life an

By Jack Guy, CNN (CNN) — Michael O’Leary, CEO of Europe’s biggest airline, Ryanair, says his ongoing feud with tech billionaire Elon Musk has boosted the budget carrier’s ticket sales. “It is very good for our bookings,” O’Leary said at a news conference in Dublin on Wednesday, highlighting the fact that the company has been

By Elisabeth Buchwald, CNN (CNN) — If your next Amazon order seems more expensive, President Donald Trump’s sweeping tariffs may be partially to blame, Amazon CEO Andy Jassy said Tuesday. Like many retailers, Amazon and its vast network of third-party sellers loaded up on inventory ahead of Trump’s tariff rollout last spring. But that supply

By Brian Stelter, CNN (CNN) — In an ongoing struggle over the future of Warner Bros. Discovery, Netflix says it is now prepared to pay all cash for Warner Bros. and HBO, rather than a mix of cash and stock. Netflix and Warner Bros. Discovery, WBD for short, announced the amended plan on Tuesday morning,

By Auzinea Bacon, CNN (CNN) — Tech giants are in a heated race to build data centers and dominate the AI landscape. But America might not be ready for the energy demand. The country’s aging electrical grid could struggle to keep up with the surge in energy needs. And US households are largely footing the

By Clare Duffy, CNN New York (CNN) — ChatGPT may soon serve up ads for products it thinks you’d like to buy. OpenAI announced on Friday that it will be testing ads in its free version for logged-in, adult US users. It’s also rolling out an $8-per-month “Go” subscription tier that includes some upgraded capabilities,

By Jordan Valinsky, CNN New York (CNN) — Dos Equis is reviving its famous “The Most Interesting Man” advertising campaign after a decade in an effort to turn around the beleaguered brand. Sales of the Heineken-owned Mexican lager dropped last year, mirroring a broader industry decline as drinkers consume less beer. Executives hope the once-popular