CNN Business/Consumer

By Jeanne Sahadi, John Towfighi, CNN (CNN) — President Donald Trump on Tuesday formally introduced his ‘Trump Account” program with a twist: A multibillion-dollar donation from Michael and Susan Dell would expand the program’s eligibility to more children. The investment accounts could help tens of millions of American families save for their children. But critics

By Chris Isidore, CNN (CNN) — Prepare for automotive sticker shock next year – again. Average new car prices briefly topped $50,000 in September for the first time, before slipping back under that level in October. But now, automotive experts say, car prices are headed back over that level. And this time, they might stay

By Nathaniel Meyersohn, CNN New York (CNN) — Constellation Brands, the US owner of Modelo Especial and Corona, bet big on Latino customers for growth. But that strategy is unraveling under the Trump administration’s mass deportation push. Many Latino consumers, both legal and undocumented, are fearful of venturing out in public to stores, restaurants and

By Samantha Delouya, CNN (CNN) — Larry Summers has been banned for life from the American Economic Association, a professional organization for economists with more than 17,000 members, over his ties to the late sex offender Jeffrey Epstein. In a statement on Tuesday, the group said it had accepted Summers’ voluntary resignation. “Effective immediately, the

By John Towfighi, CNN (CNN) — Michael and Susan Dell are donating $6.25 billion to fund investment accounts for at least 25 million American children. The enormous pledge will go toward funding “Trump Accounts,” which will provide parents an investment account to manage on behalf of their children. The “Trump Accounts” were proposed this summer

CNN By Chris Isidore, CNN (CNN) — Store workers may not be quite as helpful this holiday shopping season. That’s a potentially worrying sign for the economy. Retailers typically load up on temporary staff in the final months of the year to help contend with the holiday rush. But the National Retail Federation forecasts a

By Matt Egan, CNN New York (CNN) — The last time gasoline was this cheap, 4% inflation seemed alarming, JD Vance was still a private citizen and the United States had only just begun its messy withdrawal from Afghanistan. Gas prices dropped below an average of $3 a gallon in the United States on Tuesday

By Ana Nicolaci da Costa, Maisie Linford, CNN London (CNN) — Airbus has identified an issue affecting “a limited number” of metal panels in its A320 passenger planes, a spokesperson for the company said Monday, just days after warning of another technical problem in its aircraft. The plane manufacturer is inspecting all aircraft that are

By Auzinea Bacon, CNN (CNN) — Walt Disney Animation’s “Zootopia 2” and Universal’s Broadway musical adaptation “Wicked: For Good” delivered movie theaters a much-needed one-two punch for the holiday weekend box office. “Zootopia 2” debuted on Wednesday, kicking off a five-day Thanksgiving opening weekend. Its $156 million estimated gross is the second-best five-day Thanksgiving debut,

UNIVERSAL PICTURES, WALT DISNEY PICTURES, LIONSGATE MOVIES, 20TH CENTURY STUDIOS, PARAMOUNT PICTURES, CNN By Auzinea Bacon, CNN (CNN) — Walt Disney Animation’s “Zootopia 2” and Universal’s Broadway musical adaptation “Wicked: For Good” delivered movie theaters a much-needed one-two punch for the holiday weekend box office. “Zootopia 2” debuted on Wednesday, kicking off a five-day Thanksgiving

By Nathaniel Meyersohn, Auzinea Bacon, CNN (CNN) — US retail sales on Black Friday, the busiest shopping day of the year, climbed 4.1% compared with last year, according to data released Saturday by Mastercard SpendingPulse. Online shoppers alone spent $11.8 billion, up 9.1% from 2024, according to data collection platform Adobe Analytics. But those gains

By Hadas Gold, CNN (CNN) — Chipmaker Nvidia posted yet another blockbuster earnings report this month. The stock fell anyway, as many investors worry that the market is in the middle of an about-to-burst AI bubble. But for AI’s biggest believers, the report was just another sign that the industry’s train isn’t running out of

CNN By Scottie Andrew, CNN (CNN) — If the guests at your Thanksgiving table this year are a bit moonier than usual, don’t assume they ate too much turkey. And if they seem extra enthused about digging into pie after a filling meal, well — Adding to late November’s ever-growing list of festivities and shopping

By Scottie Andrew, CNN (CNN) — If the guests at your Thanksgiving table this year are a bit moonier than usual, don’t assume they ate too much turkey. And if they seem extra enthused about digging into pie after a filling meal, well — Adding to late November’s ever-growing list of festivities and shopping promotions,

By David Goldman, Matt Egan, CNN (CNN) — Americans, enraged about years of rising prices, are going into the 2025 holiday shopping season prepared for battle. But this holiday shopping season could look a lot stronger than you’d expect – on paper, anyway. How’s that possible? High-income consumers keep spending like they’ve never heard of

By Hadas Gold, CNN (CNN) — A new X feature over the weekend revealed that several pro-Trump accounts with large followings are not US-based, despite content and some bios suggesting otherwise. On X account profiles, clicking on an account’s date of creation reveals the country or region where the account is based. Users can toggle

CNN By Hadas Gold, CNN (CNN) — A new X feature over the weekend revealed that several pro-Trump accounts with large followings are not US-based, despite content and some bios suggesting otherwise. On X account profiles, clicking on an account’s date of creation reveals the country or region where the account is based. Users can

By Jeanne Sahadi, CNN (CNN) — This holiday season may be filled with the usual delights and stresses of buying gifts, hosting and seeing extended family. But for some married couples, it also is a time of stress because they’re contemplating whether to divorce in the new year. One study from the University of Washington

By Auzinea Bacon, CNN (CNN) — There was no place like the movie theater for fans of “Wicked” this weekend. Universal’s “Wicked: For Good” soared to No. 1 at the weekend box office, earning $150 million domestically and $226 million worldwide — far outpacing its predecessor, “Wicked,” which opened to $114 million domestically during last

SEARCHLIGHT PICTURES, PARAMOUNT PICTURES, 20TH CENTURY STUDIOS, LIONSGATE MOVIES, UNIVERSAL PICTURES, CNN By Auzinea Bacon, CNN (CNN) — There was no place like the movie theater for fans of “Wicked” this weekend. Universal’s “Wicked: For Good” soared to No. 1 at the weekend box office, earning $150 million domestically and $226 million worldwide — far

By Clare Duffy, CNN New York (CNN) — President Donald Trump has drafted an executive order that would block states from enforcing regulations around artificial intelligence, renewing an AI deregulation push that’s raising concerns among tech safety advocates and state lawmakers on both sides of the aisle. The draft order directs the US attorney general

By Nathaniel Meyersohn, CNN New York (CNN) — Walmart is proving to be America’s antidote to the cost of living crisis. A growing number of Americans are heading to Walmart for groceries and clothing as inflation and high prices squeeze their budgets: Walmart’s business in the United States is surging and it’s gaining market share

CNN, POOL By Alicia Wallace, CNN (CNN) — A long-awaited jobs report offered a mixed picture of the US labor market. The economy added 119,000 jobs in September, an unexpected rebound for the labor market — but it comes as the overall economy shows signs of slowing. Economists were expecting 50,000 jobs to have been

CNN By Clare Duffy, CNN New York (CNN) — Nvidia posted strong revenue and profits that exceeded Wall Street’s expectations Wednesday. The closely watched result could prompt a sigh of relief across the stock market following growing concerns about an artificial intelligence bubble. Nvidia’s sales grew 62% year-over-year to $57 billion in the October quarter,

CNN By Clare Duffy, CNN New York (CNN) — Nvidia posted strong revenue and profits that exceeded Wall Street’s expectations Wednesday. The closely watched result could prompt a sigh of relief across the stock market following growing concerns about an artificial intelligence bubble. Nvidia’s sales grew 62% year-over-year to $57 billion in the October quarter,

By Hadas Gold, CNN (CNN) — Saudi Arabia is strengthening its ties with American AI companies — announcing a flurry of new joint ventures worth billions of dollars. The country seeks to make its mark in the AI industry as its de facto leader, Crown Prince Mohamed bin Salman, makes his first visit to the

By Clare Duffy, CNN New York (CNN) — Nvidia posted strong revenue and profits that exceeded Wall Street’s expectations Wednesday. The closely watched result could prompt a sigh of relief across the stock market following growing concerns about an artificial intelligence bubble. Nvidia’s sales grew 62% year-over-year to $57 billion in the October quarter, ahead

By Ana Nicolaci da Costa, CNN London (CNN) — A high-stakes standoff between China and the Netherlands over control of a crucial chipmaker reached a detente Wednesday after Amsterdam suspended a controversial order that enabled it to take control of Chinese-owned Nexperia. The standoff had threatened to shutter auto plants around the world as Nexperia

By Alicia Wallace, CNN (CNN) — One of the most hotly anticipated economic reports is finally set to be released Thursday: The long-delayed jobs report for September, originally due on October 3. It marks the reopening of the floodgates for a slew of backlogged economic data that was held up due to the historic government

By Jack Guy and Joyce Jiang, CNN (CNN) — Sales of an artificial intelligence-enabled plush toy have been suspended after it was found that it engaged in conversation around sexually explicit topics and offered potentially dangerous advice. Larry Wang, CEO of Singapore-based FoloToy, told CNN that the company had withdrawn its “Kumma” bear, as well