CNN Business/Consumer

CNN, POOL, BLOOMBERG, FOX BUSINESS, GETTY IMAGES, AP IMAGES, KTVT, X|@PULTE By Chris Isidore, CNN (CNN) — A Trump administration housing official has sent a new criminal referral to the Justice Department against Federal Reserve Governor Lisa Cook, as she sues the administration to fight the president’s efforts to fire her. The new criminal referral,

By Liam Reilly, CNN (CNN) — A federal judge on Thursday barred Kari Lake, an ally of President Donald Trump whom the president picked to lead Voice of America, from firing agency director Michael Abramowitz. Judge Royce Lamberth of the US District Court for the District of Columbia ordered Abramowitz’s reinstatement, saying the director must

By Samantha Delouya, Ramishah Maruf, CNN (CNN) — After backing away from a controversial logo rebrand loudly opposed by many right-wing influencers, Cracker Barrel also quietly made changes to its website this week. The Tennessee-based roadside restaurant chain deleted a dedicated “Pride page” and scrubbed references to employee resource groups, including its LGBTQ+ and Diversity,

By Samantha Delouya, CNN (CNN) — The housing market this week largely shrugged off the turmoil at the Federal Reserve. The 30-year fixed mortgage rate averaged 6.56% for the week ending August 28, just slightly lower than last week’s 10-month low of 6.58%, according to data released Thursday by Freddie Mac. The relatively muted move

CNN By Bryan Mena, CNN Washington (CNN) — The US economy’s rebound in the second quarter was stronger than previously reported, thanks to consumers who stepped up their spending despite jitters over President Donald Trump’s trade war. Gross domestic product, which measures all the goods and services produced in the economy, registered an annualized rate

By Bryan Mena, Katelyn Polantz, Devan Cole, CNN Washington (CNN) — Federal Reserve Governor Lisa Cook is suing to keep her job on the board, which helps set interest rates, after President Donald Trump said he was removing her from her role earlier this week. Cook’s lawsuit, filed Thursday morning, asks for a judge to

By Ryan Hogg, CNN London (CNN) — Tesla sales plunged again in Europe in July as car buyers continued their migration to Chinese rival BYD. Elon Musk’s carmaker sold 6,600 models in the EU in July, a 42.4% fall from the same month last year, according to data from the European Automobile Manufacturers’ Association (ACEA).

By Liam Reilly, CNN (CNN) — Fox and YouTube TV reached a distribution deal late Thursday night, allowing Fox’s content to remain on the platform. “We’re happy to share that we’ve reached an agreement with Fox to keep their content on YouTube TV, preserve the value of our service for our subscribers and offer more

CNN By Clare Duffy, CNN New York (CNN) — The parents of 16-year-old Adam Raine have sued OpenAI and CEO Sam Altman, alleging that ChatGPT contributed to their son’s suicide, including by advising him on methods and offering to write the first draft of his suicide note. In his just over six months using ChatGPT,

By Clare Duffy, CNN New York (CNN) — After a stunning streak that saw Nvidia blow Wall Street’s projections out of the water quarter after quarter, the chipmaker on Wednesday reported revenue for the July quarter that was essentially in line with expectations. Investors aren’t loving it — the company’s shares dipped as much as

By Lisa Eadicicco, CNN (CNN) — Apple is holding an event on September 9, the company said in an invitation to the press Tuesday, where it will likely announce the iPhone 17 and new Apple Watches, among other potential new devices. Apple rarely shares details about future products before announcing them, but the company has

By Elisabeth Buchwald, CNN (CNN) — Federal Reserve Governor Lisa Cook’s attorney, Abbe Lowell, announced on Tuesday he is filing a lawsuit to challenge President Donald Trump’s attempt to fire her on Monday evening. “President Trump has no authority to remove Federal Reserve Governor Lisa Cook. His attempt to fire her, based solely on a

By Chris Isidore, CNN (CNN) — It might not feel like fall. Beaches are still full this week ahead of Labor Day, and school hasn’t started in much of the country. Temperatures are still in the 80s in some places. But at Starbucks, fall arrives Tuesday, with the return of the Pumpkin Spice Latte –

CNN, POOL, GETTY, FOX BIZ By Elisabeth Buchwald, Bryan Mena, CNN (CNN) — President Donald Trump on Monday said he has fired Federal Reserve Governor Lisa Cook, according to a letter addressed to her posted on his social media — the first instance of a president firing a central bank governor in the central bank’s

By Samantha Delouya, Bryan Mena, CNN (CNN) — President Donald Trump said late on Monday that he has fired Federal Reserve Governor Lisa Cook, citing allegations of mortgage fraud that haven’t been taken to court. There’s still a lot we don’t know about the situation. The firing, in a letter that was also posted to

By Ramishah Maruf, CNN New York (CNN) — Cracker Barrel, the struggling country-themed restaurant chain and road trip staple, is backtracking on a new logo that drew a right-wing backlash and tanked the chain’s stock. “If the last few days have shown us anything, it’s how deeply people care about Cracker Barrel,” the company posted

By Chris Isidore, Auzinea Bacon, CNN (CNN) — Move over, CEOs. Someone else might be angling to weigh in on your company: the president of the United States. President Donald Trump has brought a transactional mindset to the White House, one in which the US government isn’t just a regulator but a participant. The administration

By Matt Egan, CNN New York (CNN) — Texas manufacturers continue to express frustration over the Trump administration’s volatile tariff playbook and the impact of high borrowing costs. “Tariff Bingo is tough,” one furniture manufacturer told the Federal Reserve Bank of Dallas in a survey released Monday. “We are probably going out of business within

By Liam Reilly, Alejandra Jaramillo, Isabelle D’Antonio, CNN (CNN) — President Donald Trump on Sunday threatened to investigate Chris Christie over a decade-old political scandal and revoke ABC News’ broadcasting license after the Disney-owned network aired an interview in which the former governor sharply criticized the president. “Donald Trump sees himself as the person who

Story by Reuters (Reuters) — Billionaire entrepreneur Elon Musk’s artificial intelligence startup xAI sued Apple (AAPL) and ChatGPT maker OpenAI in U.S. federal court in Texas on Monday, accusing them of illegally conspiring to thwart competition for artificial intelligence. Apple and OpenAI have “locked up markets to maintain their monopolies and prevent innovators like X

By Jeanne Sahadi, and Luciana Lopez, CNN (CNN) — Federal Reserve Chair Jerome Powell hinted interest rate cuts could be coming soon in a speech on Friday, a move that could affect everyone from global markets to individual Americans. Powell underscored that any upcoming rate cut would be dependent on the economic data. But Fed

By Michelle Watson, Karina Tsui, CNN (CNN) — With an estimated $750 million jackpot, Monday’s Powerball draw will be the 10th largest in the game’s history after no player matched all six number in Saturday’s draw, the Multi-State Lottery Association said in a press release. Saturday night’s jackpot was already one of the largest prizes

By Clare Duffy, Lisa Eadicicco, CNN New York (CNN) — The United States government is making an $8.9 billion investment in Intel common stock, giving the Trump administration a roughly 10% stake in the struggling chipmaker, Intel and the president announced on Friday. “It is my Great Honor to report that the United States of

By Bryan Mena, CNN Washington (CNN) — The job market is on such shaky ground that the Federal Reserve may soon need to cut interest rates to support the economy, Fed Chair Jerome Powell said Friday at a key central banking forum. In one of his most consequential speeches, Powell suggested the labor market could

CNN By Jordan Valinsky, CNN New York (CNN) — Cracker Barrel’s modern makeover doesn’t stop with redoing its restaurants. It’s dropping the barrel and the man from its logo, too. On Tuesday, the Southern-inspired casual dining chain unveiled a new logo “rooted even more closely to the iconic barrel shape,” but without the barrel itself

By Harper Stephanopoulos, CNN New York (CNN) — Trendy restaurants have always existed in New York. Places like The Odeon and Raoul’s to Torrisi and 4 Charles Prime Rib have been eateries to see and be seen, their reputations grown over years through word-of-mouth, critics’ reviews and celebrity spottings. Now, the era of TikTok has

By Bryan Mena, Phil Mattingly, CNN Washington (CNN) — A Justice Department official is set to probe Federal Reserve Governor Lisa Cook after she was accused by a member of President Donald Trump’s administration of committing mortgage fraud, according to a letter sent Thursday to Fed Chair Jerome Powell. The letter, seen by CNN, was

By Chris Isidore, CNN (CNN) — Tesla is facing an investigation from federal safety regulators into whether it delayed notifying the government about crashes involving its driver assistance technology. The National Highway Traffic Safety Administration (NHTSA) is looking into whether or not the company is complying with regulations requiring it to report data about crashes

CNN By Nathaniel Meyersohn, CNN New York (CNN) — Walmart is getting hit by tariffs, like every other business in America. But customers are still flocking to Walmart because they believe the retailer offers them the biggest bang for their buck. The retail behemoth once again on Thursday showed how it uses its size to

By Chris Isidore, CNN (CNN) — The lower US tariffs on cars imported from the EU will have to wait, at least for now. The EU-US trade agreement is poised to cut the US import tax on cars from the EU from 27.5% to 15%. However, details released Thursday reveal that the lower rate won’t