CNN Business/Consumer

By Hadas Gold, CNN (CNN) — Larry Summers is resigning from the OpenAI board and leaving his instructor role at Harvard University after more emails between him and convicted sex offender Jeffrey Epstein were released last week by a House committee. “In line with my announcement to step away from my public commitments, I have

By Nathaniel Meyersohn, CNN New York (CNN) — Target’s problems are intensifying. In the latest signal of trouble at the struggling company, Target posted another drop in sales during its latest quarter and cut its full-year profit guidance Wednesday. Target’s stock slipped 1% during pre-market trading. Heading into Wednesday, shares had tumbled roughly 35% this

By Lisa Eadicicco, CNN (CNN) — Having problems with your favorite websites lately? It’s not just you. Web infrastructure provider Cloudflare experienced a disruption on Tuesday that temporarily impacted a swath of online services – from Spotify to ChatGPT and even President Donald Trump’s Truth Social platform – marking the latest in a string of

By Matt Egan, CNN New York (CNN) — Surging import costs. Mounting payroll and healthcare expenses. A shortage of affordable loans. And a stressed-out workforce. Small businesses are facing mounting pressure from America’s affordability crisis. Doug Scheffel, owner of a family-run ETM Manufacturing in Massachusetts, laid off about a quarter of his employees in April

CNN By John Towfighi, CNN New York (CNN) — Bitcoin and stocks are in a bout of volatility — and investors say more turbulence could be in store. US stocks closed lower Tuesday, extending a recent tumble. The Dow fell 499 points, or 1.07%. The S&P 500 fell 0.83%. The tech-heavy Nasdaq Composite slid 1.21%.

By Brian Stelter, CNN (CNN) — A federal appeals court has rejected President Donald Trump’s attempt to revive a defamation lawsuit against CNN, calling his arguments “meritless.” The 2022 suit objected to CNN’s use of the phrase “the big lie” in reference to the president’s lies about the 2020 election being “stolen.” On Tuesday, a

By Clare Duffy, CNN New York (CNN) — Meta scored a major win on Tuesday after a federal judge ruled that it is not a social networking monopoly, shooting down an argument from the US Federal Trade Commission that it should be forced to spin off two of its most popular platforms. The Federal Trade

By Brian Stelter, CNN (CNN) — “The Daily” has been dethroned. “The Joe Rogan Experience,” which was #3 on Apple’s list of most popular podcast shows last year, moved up to first place this year. “The Daily,” from The New York Times, was #2 this year, followed by “The Mel Robbins Podcast,” which wasn’t in

By Nathaniel Meyersohn, CNN New York (CNN) — The housing market is frozen, and consumers are nervous about the economy. That’s a bad recipe for Home Depot. The bellwether for US consumers and the housing market said Tuesday that its sales at US stores open for at least one year rose only 0.2% last quarter.

By Lisa Eadicicco, CNN (CNN) — The longest government shutdown in US history shook travel plans across America earlier this month as a shortage of air traffic controllers resulted in thousands of delayed or canceled flights. But even the end of the shutdown doesn’t fix the the broader air traffic controller shortage that’s been plaguing

By Issy Ronald, CNN (CNN) — Subscription TV company Sky Sports has scrapped its new TikTok account targeting female sports fans after just three days, after the style and tone of its videos faced backlash. Social media users labeled the account “condescending,” “patronizing” and “sexist,” accusing it of perpetuating the problems it purported to address.

By Jordan Valinsky, CNN New York (CNN) — Two of America’s most embattled retail chains are working together to drum up some excitement from customers this holiday season. They sure could use it. Beginning Monday, a Frozen Peppermint Hot Chocolate drink will be available exclusively at Starbucks cafés inside Target stores. The vast majority of

By David Goldman, CNN (CNN) — President Donald Trump keeps downplaying America’s affordability crisis, and he continues to falsely claim that inflation and overall prices have fallen during his second term. “Our prices are coming down very substantially on groceries and things,” Trump told reporters in Florida Sunday evening. “They’re already at a much lower

By Auzinea Bacon, CNN (CNN) — Lionsgate Films’ “Now You See Me: Now You Don’t” stole the show at the domestic box office this weekend. The third installment of the “Now You See Me” franchise earned $21.3 million. The first “Now You See Me” opened in 2013 to more than $29 million, according to Box

UNIVERSAL PICTURES, PARAMOUNT PICTURES, 20TH CENTURY STUDIOS, LIONSGATE MOVIES, CNN By Auzinea Bacon, CNN (CNN) — Lionsgate Films’ “Now You See Me: Now You Don’t” stole the show at the domestic box office this weekend. The third installment of the “Now You See Me” franchise earned $21.3 million. The first “Now You See Me” opened

By Auzinea Bacon, CNN (CNN) — Treasury Secretary Scott Bessent said Sunday that President Donald Trump’s proposal to issue $2,000 tariff rebate checks to most Americans would require Congress’ approval. “We will see. We need legislation for that,” Bessent said on Fox News’ “Sunday Morning Futures” when asked about rebate checks, adding that “Those could

By Gordon Ebanks, CNN (CNN) — Dr. Adriana Kugler, a former member of the Federal Reserve Board of Governors who abruptly announced her resignation in August, broke the central bank’s trading rules, according to a report released Saturday by the US Office of Government Ethics. That disclosure shows violations of purchasing stocks and making trades

By Liam Reilly, CNN (CNN) — Disney and YouTube TV struck a multi-year deal late Friday to get the entertainment giant’s content back onto the streaming site, ending the two week blackout that spanned a historic election night. The new carriage deal means Disney sports, entertainment and news programming, such as ESPN and ABC, will

By Alicia Wallace, CNN (CNN) — The US government has reopened following its longest-ever shutdown, setting the stage for the eventual release of the gold-standard federal data that is crucial in analyzing the health and trajectory of the nation’s economy. Data nerds (and government officials, and Federal Reserve policymakers, and business owners, and, well, everyone

CNN By Jordan Valinsky, CNN New York (CNN) — Doug McMillon, Walmart’s CEO for just over a decade, is retiring next year, the retailer announced Friday. McMillon will be succeeded by John Furner on February 1, 2026. Furner is currently the CEO and president of Walmart’s US operations, the company’s largest business unit. Both executives

By Jordan Valinsky, CNN New York (CNN) — Doug McMillon, Walmart’s CEO for just over a decade, is retiring next year, the retailer announced Friday. McMillon will be succeeded by John Furner on February 1, 2026. Furner is currently the CEO and president of Walmart’s US operations, the company’s largest business unit. Both executives have

By John Towfighi, CNN New York (CNN) — For months, it felt like nothing could knock stocks off their steady ascent — but November has been a rough month on Wall Street. The tech-heavy Nasdaq Composite is down almost 4% this month and on track for its first losing month since March. The Nasdaq has

By Jeanne Sahadi, CNN (CNN) — When it comes to voluntarily paying taxes on time to the IRS, crypto investors may not have a great record. At least, not according to an IRS review from 2023, which showed “the potential for” a mere 25% compliance rate. Translation: Only about a quarter of crypto investors are

By Catherine Nicholls, Christian Edwards, Billy Stockwell, CNN London (CNN) — The BBC apologized to US President Donald Trump on Thursday, over a documentary that Trump’s lawyers described as false and defamatory, seeking to defuse a row that has plunged the public broadcaster into its worst crisis in years. A BBC spokesperson said that lawyers

By John Towfighi, CNN New York (CNN) — US stocks closed sharply lower Thursday as investors sold shares in technology companies and volatility picked up on Wall Street. The Dow fell 798 points, or 1.65%. The broader S&P 500 fell 1.66% and the tech-heavy Nasdaq Composite slid 2.29%. Investors also assessed how long it might

By Clare Duffy, CNN New York (CNN) — Artificial intelligence is playing a greater role in everything from homework to jobs and even romantic companionship — all without much oversight to guarantee the tech is being developed and used safely. Now, a pair of state attorneys general are teaming up with two of the biggest

By Lisa Eadicicco, CNN (CNN) — You can already buy almost anything with the click of a mouse. Now tech giants are preparing for an AI helper to do even that for you one day. Google, Amazon and OpenAI are racing to add new AI-powered shopping tools to their services, all aiming to play a

By Jack Guy, CNN London (CNN) — Apple has built its reputation on cutting-edge devices and sleek design, but the company’s latest product is decidedly more low-tech. The iPhone Pocket is a knitted strap developed in conjunction with fashion designer Issey Miyake, “born from the idea of creating an additional pocket,” Apple (AAPL) announced in

By Samantha Delouya, CNN (CNN) — The Trump administration has another idea to make housing more affordable: Let homeowners take their mortgage rate with them when they move. On Wednesday, Federal Housing Finance Agency Director Bill Pulte said the administration is “actively evaluating” so-called portable mortgages. The proposal aims to address the housing market’s lack

By Chris Isidore, Vanessa Yurkevich, CNN (CNN) — The American penny passed away today after a prolonged illness. It was 238 years old. The last penny was minted Wednesday afternoon at the US Mint in Philadelphia, overseen by US Treasurer Brandon Beach. President Donald Trump announced via social media in February that he instructed the