CNN Business/Consumer

By Matt Egan, CNN (CNN) — President Donald Trump stepped up attacks on his handpicked Federal Reserve chairman on Wednesday, claiming Jerome Powell has “low IQ” and suggested that he has narrowed down the list of potential replacements to three or four people. “He’s an average mentally person…Low IQ for what he does,” Trump said

By Jordan Valinsky, CNN New York (CNN) — Bumble, the beleaguered dating app whose stock has lost 90% of its value since going public in 2021, is axing 30% of its workforce. The company announced in a regulatory filing Wednesday that the layoffs amount to 240 positions and will save Bumble $40 million annually. The

By Jordan Valinsky, CNN New York (CNN) — Monster and CareerBuilder, once two of the most popular websites for job seekers at the height of the dot-com era, have filed for bankruptcy. The two sites, which merged last year to become one entity named Monster + CareerBuilder, voluntary filed for Chapter 11 Tuesday, announcing that

By Elisabeth Buchwald and Vanessa Yurkevich, CNN (CNN) — New York City is one of the most expensive cities in the world to live in, a fact that guided many New Yorkers’ votes in Tuesday’s mayoral primary election. Like his fellow candidates, Zohran Mamdani has put affordability at the forefront of his campaign. But his

By Bryan Mena, CNN Washington (CNN) — It’s still too soon for the Federal Reserve to consider lowering interest rates, Chair Jerome Powell said Tuesday. “Policy changes continue to evolve, and their effects on the economy remain uncertain,” Powell said in his prepared testimony for his semiannual monetary policy report to Congress. “For the time

By Elisabeth Buchwald, CNN (CNN) — Consumer confidence dropped last month to a reading of 93, a 5.4 point decline from May, according to data the Conference Board released on Tuesday. Consumers had been feeling better after an agreement was secured between the United States and China to lower massive tariffs on each other —

By Chris Isidore and Alexandra Skores, CNN Washington, D.C. (CNN) — The blame for a horrifying mid-flight blowout of a door plug on an Alaska Airlines flight last year is shared by plane manufacturer Boeing, its supplier SpiritAerosystems and the Federal Aviation Administration, the chairwoman of the National Transportation Safety Board said at a hearing

By Anna Cooban and John Liu, CNN London/Hong Kong (CNN) — Oil prices fell sharply Tuesday, returning to levels last seen before the Iran-Israel conflict, as investors cheered news of a ceasefire, albeit fragile, between the two countries. Brent crude, the global oil benchmark, was trading 4.3% lower on the day early Tuesday morning ET

By Samantha Delouya, CNN (CNN) — Compass has officially brought a long-simmering real estate dispute into the courtroom. On Monday, the real estate brokerage sued home-search website Zillow, accusing it of engaging in an anticompetitive conspiracy to maintain its dominance over digital home listings. Compass’ lawsuit marks a new phase in the battle between real

By Alicia Wallace, CNN (CNN) — How well — or how poorly — Americans are managing their Buy Now, Pay Later loans soon could be reflected in their credit scores. FICO plans to launch a suite of credit scores later this year that incorporate BNPL data, providing lenders a window into what’s been a big

By Chris Isidore, CNN (CNN) — Tesla’s much-publicized robotaxi service began this weekend — but only in one neighborhood in Austin, Texas, only for a select group of the company’s fans and only with a Tesla employee in the front passenger seat. It was a far more modest rollout for robotaxis than Tesla CEO Elon

By Bryan Mena, CNN Washington (CNN) — Some Federal Reserve officials are joining President Donald Trump in calling for lower interest rates as soon as July. Fed Vice Chair for Supervision Michelle Bowman on Monday downplayed the potential impacts of Trump’s tariffs on prices and said the US central bank should swiftly lower rates to

By Chris Isidore and Alexandra Skores, CNN (CNN) — On January 4, 2024, a door plug blew out on a Boeing 737 Max at more than 16,000 feet in the air, leaving a gaping hole in the side. On Tuesday, the National Transportation Safety Board will hear the investigation’s findings and vote on the probable

By Jordan Valinsky, CNN New York (CNN) — Kroger is set to close about 5% of its grocery stores — amounting to approximately 60 locations — over the next year and a half. The closures come a few months after plans collapsed for a merger with rival Albertsons that would have created a massive chain.

By Matt Egan and David Goldman, CNN (CNN) — Oil sold off sharply and stocks rallied after Iran fired missiles toward US bases in Qatar and Iraq that appeared to be intercepted. Traders are betting that Iran doesn’t have the willingness or capability to retaliate against US forces. And they’re hoping that this will be

CNN By John Liu and Chris Isidore, CNN Hong Kong (CNN) — While there have been no major disruptions to the global oil supply so far, the attacks on Iran — by Israel and then the US — have rattled investors, sending oil futures soaring by around 10% since the start of hostilities, among fears

By Auzinea Bacon, CNN (CNN) — The American economy faces the unwelcome prospect of reignited inflation after the United States launched strikes on three nuclear facilities in Iran. High oil and gas prices are a near certainty, experts say. The big question now: How long will the fossil fuels price spike last? Oil prices are

By John Liu, CNN Hong Kong (CNN) — China has mastered the craft of policing the internet, operating one of the world’s most extensive online censorship and surveillance regimes. With mandatory identity checks on every online platform, it has become almost impossible for users to stay anonymous. But this rigidly moderated online environment is about

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump on Thursday called for fewer federal holidays, saying the days off cost America billions of dollars in losses. “Too many non-working holidays in America. It is costing our Country $BILLIONS OF DOLLARS to keep all of these businesses closed,” Trump said in a Truth Social post

By Sean Lyngaas, CNN (CNN) — Cybercriminals have breached insurance giant Aflac, potentially stealing Social Security numbers, insurance claims and health information, the company said Friday, the latest in a spree of hacks against the insurance industry. With billions of dollars in annual revenue and tens of millions of customers, Aflac is the biggest victim

By Clare Duffy and Christopher Lamb, CNN (CNN) — Pope Leo XIV says tech companies developing artificial intelligence should abide by an “ethical criterion” that respects human dignity. AI must take “into account the well-being of the human person not only materially, but also intellectually and spiritually,” the pope said in a message sent Friday

By Clare Duffy and Samantha Waldenberg, CNN New York (CNN) — TikTok just got another lifeline from the White House, with President Donald Trump set to delay enforcement of the sale-or-ban law by another 90 days. “President Trump will sign an additional Executive Order this week to keep TikTok up and running,” Karoline Leavitt, White

By Chris Isidore, CNN (CNN) — Waymo, the self-driving car unit of Google parent Alphabet, is returning to New York City. But it won’t be offering rides to the paying public yet, as it currently does in four other cities. The company announced Wednesday that it has applied for a permit with the New York

By Lisa Eadicicco, CNN New York (CNN) — Texas Instruments will invest more than $60 billion to expand semiconductor manufacturing in the United States, the company announced on Wednesday, as President Donald Trump continues to pressure tech giants like Apple and Samsung to build their products in America. The investment will go towards seven semiconductor

By Chris Isidore, CNN (CNN) — Nippon Steel has finalized its deal to buy 100% of US Steel, the iconic steelmaker that was once the world’s most valuable company and a cornerstone of American industrial might. The companies announced Wednesday that the two had completed the partnership. Under the terms of the deal, Nippon will

By Jordan Valinsky, CNN New York (CNN) — Mark Zuckerberg’s Meta offered employees of rival OpenAI signing bonuses of $100 million to switch companies, according to Open AI CEO Sam Altman. “They started making giant offers to a lot of people on our team,” Altman said Tuesday on the “Uncapped” podcast hosted by his brother

By Ramishah Maruf, CNN New York (CNN) — Americans will celebrate Juneteenth, which commemorates the end of slavery in the United States, on Thursday with parades and parties. Juneteenth became the newest US federal holiday in 2021, but it has held significance for many Black Americans for a long time. On June 19, 1865, Union

By Brian Stelter and Andrew Kirell, CNN (CNN) — As conservative radio host Clay Travis opened his mouth Tuesday night on Fox News, he was hyper-aware of the viewer-in-chief. President Trump is “probably watching” this show, Travis said to Fox host Sean Hannity as both men urged the president to eliminate Iran’s nuclear program. “We

By Lisa Eadicicco and Hadas Gold, CNN New York (CNN) — When the Trump Organization unveiled its new Trump Mobile wireless service on Monday, it said its upcoming T1 smartphone will be “proudly designed and built in the United States.” But experts told CNN they’re skeptical that a smartphone can be built in the US

By Jordan Valinsky, CNN New York (CNN) — JPMorgan Chase is hiking the annual fee of its popular Sapphire Reserve credit card by 45% as part of a major overhaul to attract high-spending millennials. The bank announced Tuesday that the credit card, which is targeted at travel and dining aficionados, will soon cost $795 per