CNN Business/Consumer

By Jordan Valinsky, CNN New York (CNN) — Amazon is paying a historic $2.5 billion settlement with the Federal Trade Commission, the agency announced Thursday, ending a 2-year dispute over allegations the company tricked consumers into signing up for its Prime subscription service and then made it hard to cancel. As part of the agreement,

By Bryan Mena, CNN Washington (CNN) — The US economy’s comeback in the second quarter was just revised higher again, and economists estimate that momentum carried on in the third quarter, underscoring the resilience of the world’s largest economy. Gross domestic product, the broadest measure of the economic output, rose at an annualized rate of

By Samantha Waldenberg, Clare Duffy, CNN (CNN) — President Donald Trump signed an executive order on Thursday clearing the way for the completion of a deal to sell TikTok’s US assets to a consortium of mostly American investors. The order marks an important procedural step toward finalizing the TikTok sale, but the deal is not

By Jordan Valinsky, CNN New York (CNN) — Starbucks is taking “significant action” to turn around its struggling business, closing a large number of cafés and announcing a second round of layoffs at its headquarters as part of CEO Brian Niccol’s efforts to resuscitate the troubled chain. Niccol announced Thursday that Starbucks will close hundreds

By Natasha Chen, CNN Los Angeles, CA (CNN) — The nearly 102-year-old Walt Disney Company is no stranger to being catapulted into America’s culture wars. But the wrangling over “Jimmy Kimmel Live!” this month marked a new milestone in the entertainment behemoth’s frequent foray into culture-war flashpoints. Just since 2020, Disney has dealt with political

By Brian Stelter, CNN (CNN) — A group of 100-plus former ABC News journalists has sent a letter to Disney CEO Bob Iger urging him to make “a concerted effort to defend free speech and press freedom against political intimidation.” The letter, obtained by CNN on Wednesday, soon after it was delivered to Iger, was

By Matt Egan, CNN New York (CNN) — Tariffs are fueling a significant chunk of price hikes across the economy, according to a survey of executives released Wednesday. Chief financial officers estimate tariffs are to blame for about one-third of their companies’ price growth this year, according to The CFO Survey issued by Duke University

By Clare Duffy, CNN New York (CNN) — YouTube said Tuesday it plans to reinstate some accounts that it previously banned for violating rules against repeatedly posting misinformation about Covid-19 and the 2020 election. That announcement came in a letter sent by a lawyer for the platform’s parent company, Alphabet, to House Judiciary Committee Chairman

By Luciana Lopez, CNN (CNN) — Jimmy Kimmel returned to his late night show on Tuesday night after a suspension amid pressure by the Trump administration and a furor over Kimmel’s remarks about the killer of conservative activist Charlie Kirk. Kimmel delivered an opening monologue – occasionally choking up – that ranged across everything from

By Ana Nicolaci da Costa, CNN LONDON (CNN) — Right-leaning podcaster Joe Rogan has chimed in on the suspension of late night host Jimmy Kimmel amid pressure from the Trump administration, saying the government should not determine what comedians say and that conservatives were “crazy” to support any such interference. Disney’s ABC last week took

By Jordan Valinsky, CNN New York (CNN) — As Aldi expands across the United States, so does its name recognition. Now, that name will be stamped on all of its own products. Aldi announced Wednesday sweeping changes across its product portfolio, drastically reducing the number of in-house brands from about 90 to 26 and consolidating

By Brian Stelter, Dan Heching, Andrew Kirell, CNN (CNN) — Jimmy Kimmel returned to his late-night stage Tuesday night and urged viewers to stand up to President Trump’s threats. Shortly before Kimmel’s show aired, the president sent out a new missive against Kimmel’s network, ABC. In an eloquent and emotional monologue, Kimmel assailed “anti-American” efforts

By Liam Reilly, CNN (CNN) — Disney is hiking the price of its subscription streaming service — and the timing couldn’t be more awkward, given the controversy surrounding the media giant’s handling of Jimmy Kimmel this past week. Starting October 21, Disney+’s plan with ads will increase $2 to $11.99, while its ad-free tier will

By Lisa Eadicicco, CNN New York (CNN) — The overwhelming majority of tech industry workers use artificial intelligence on the job for tasks like writing and modifying code, a new Google study has found. The report, coming from Google’s DORA research division and based on 5,000 responses from technology professionals around the world, found that

By Ana Nicolaci da Costa, CNN LONDON (CNN) — Amazon is planning to close all of its Amazon Fresh stores in the United Kingdom as it focuses on online grocery services. The e-commerce giant plans to shut 14 stores and convert another five into Whole Foods Market stores, it said in a statement Tuesday. “In

By Jordan Valinsky, CNN New York (CNN) — Perhaps with Leo Messi as the face of Michelob Ultra, it was only a matter of time before the light lager achieved GOAT status. The Anheuser-Busch beer has overtaken rival Modelo Especial in US retail sales by volume for the year-to-date ending on September 14, according to

By Bryan Mena, CNN Washington (CNN) — Central bankers are underestimating how much pressure interest rates are putting on America’s labor market, said Federal Reserve Governor Stephen Miran, a staunch ally of President Donald Trump, on Monday. “I view policy as very restrictive, (and) believe it poses material risks to the Fed’semployment mandate,” Miran said

By Clare Duffy, CNN New York (CNN) — The White House has answered what had been one of the major outstanding questions regarding its pending deal to transfer TikTok’s US operations to a majority American ownership group: Under the agreement, the app’s algorithm will be operated in the United States and overseen by Oracle. The

By Jordan Valinsky, CNN New York (CNN) — The Federal Trade Commission’s long-awaited trial against Amazon begins this week, with the e-commerce giant’s cancellation practices under the microscope. The lawsuit, filed in 2023 under the Biden administration, accuses Amazon of tricking millions of consumers into signing up for its Prime subscription service through deceptive user

By David Goldman, CNN (CNN) — Sal Iacono, Jimmy Kimmel’s cousin and a long-time writer and performer on “Jimmy Kimmel Live!” suggested Sunday that the show may not be coming back on the air after ABC indefinitely suspended the program last week. On an episode of “The Bill Simmons Podcast” late Sunday night, Iacono said

By Brian Stelter, CNN (CNN) — Media lawyers and newsroom leaders are evaluating a government memo spelling out new rules that would sharply restrict reporting at the Pentagon. Several of the country’s biggest news outlets are publicly pushing back on the rules, foreshadowing a potential legal battle. “This policy operates as a prior restraint on

By Auzinea Bacon, Aileen Graef, Brian Stelter, CNN (CNN) — President Donald Trump on Sunday said tech and media giants Larry Ellison, Michael Dell, and Lachlan and Rupert Murdoch will be a part of the group to take over TikTok’s algorithm in the acquisition of the social media platform’s US operations. “You know, they’re very

By Auzinea Bacon, Clare Duffy, CNN (CNN) — The United States will have control over TikTok’s algorithm in the acquisition of the social media platform’s US operations, White House press secretary Karoline Leavitt said on Saturday. “We are 100% confident that a deal is done. Now that deal just needs to be signed, and the

By Bryan Mena, CNN Washington (CNN) — President Donald Trump’s widespread tariffs aren’t boosting inflation, so interest rates should be lowered quickly to prevent America’s labor market from deteriorating, Federal Reserve Governor Stephen Miran said Friday in his first public comments as a monetary policymaker. The Fed on Wednesday announced a quarter-point rate cut, the

By Tami Luhby, CNN (CNN) — This year’s winter heating bills may send a shiver down many Americans’ spine. The cost of staying warm at home is expected to jump an average of 7.6%, to $976 this season, according to a new estimate from the National Energy Assistance Directors Association. The spike stems from increases

By Brian Stelter, CNN (CNN) — When Federal Communications Commission Chair Brendan Carr suggested Jimmy Kimmel should be suspended and said, “We can do this the easy way or the hard way,” ABC and its local affiliates were listening. Within a matter of hours, ABC suspended Kimmel’s show “indefinitely,” a stunning move that has raised

By Samantha Delouya, CNN (CNN) — The Federal Reserve’s rate cut this week is rippling through the housing market, sending mortgage rates lower and spurring a jump in refinancing. The 30-year fixed mortgage rate averaged 6.26% for the week ending September 18, down from 6.35% last week, according to data released Thursday by Freddie Mac.

By Chris Isidore, CNN (CNN) — Tesla is looking into redesigning the way to open its car doors in an emergency following several accidents where passengers were reportedly trapped in burning vehicles because rescuers could not open them. Even without an accident, other Tesla owners have reported having to break their own car windows after

By Olesya Dmitracova, CNN (CNN) — Nvidia said on Thursday that it would buy $5 billion worth of Intel’s common stock, becoming another major shareholder in the beleaguered company just weeks after the US government took a roughly 10% stake. The tech giant, which makes artificial intelligence chips, will pay $23.28 per share, it said

By Alicia Wallace, CNN Falcon Heights, Minnesota (CNN) — The Federal Reserve cut interest rates on Wednesday for the first time this year, a move that could provide some relief for Americans from the higher cost of living. But there is a deepening inequality among households in the United States. Consumer spending, which is a