Money

By Nathaniel Meyersohn, CNN New York (CNN) — QQ Nails opened its first salon in New York City twenty years ago. By 2020, QQ had grown to roughly 20 locations. It’s nearly doubled in size since the pandemic. Thirty-eight QQ salons now dot the city’s streets, with plans for dozens more. In one six block

By John Towfighi, CNN (CNN) — A $2.5 trillion wipeout for the Nasdaq Composite this week is reminding even the smallest investors just how reliant we’ve all become on the success of the artificial intelligence buildout. As AI stocks tumbled Thursday, the major indexes dropped sharply, with the Dow, S&P 500 and Nasdaq each posting

By Hanna Ziady, CNN When Russia invaded Ukraine in February 2022, the response from the United States and its allies was swift and brutal. The West launched an economic onslaught against the Kremlin, banning Russian imports, cutting Russia off from its payment systems and imposing a price cap on Russian oil sales to deplete the

By Jeanne Sahadi, CNN (CNN) — Food stamp policy analyst Abbey Graf had kind of an emotional moment when she saw the wealth management roadmap that certified financial planner Stacy Francis created based on her current income, expenses and savings. “I think I was in shock. I knew I was in a good place. But

By Alicia Wallace, CNN (CNN) — The US labor market has been amazingly resilient in the face of a barrage of economic shocks. The unemployment rate has been at or under 4.5% for a record-setting five years and Friday’s stronger-than-expected jobs report for October showed that employers are hiring at one of the fastest clips

By Allison Morrow, CNN New York (CNN) — Anthropic couldn’t have picked a worse time to pull off the biggest IPO the world has ever seen. Thursday marked one of the sharpest sell-offs on Wall Street in years. Tech stocks bore the brunt, but almost no equities were spared as fears of an AI slowdown

By Brian Stelter, CNN (CNN) — President Donald Trump will appear on Sunday’s “60 Minutes” for his first in-depth interview since the Republican Party’s sweeping midterm losses. The interview with the CBS newsmagazine, the highest-rated news program on American TV, was taped on Friday morning. The interviewer was Ross Douthat, the former New York Times

By Chris Isidore, CNN (CNN) — It looks like the end of the road for the Cybertruck. Elon Musk said Friday that Tesla will wind down production of the vehicle at its factory in Austin, Texas — the only plant that makes the polarizing truck. The change will start “around the middle of next year

By Alicia Wallace, CNN (CNN) — Job growth surpassed expectations in October, new data showed Friday, with the US economy adding 165,000 jobs. The unemployment rate fell to 4.1% from 4.2%, according to Bureau of Labor Statistics data. Job growth in the previous two months was stronger than initially reported, with a total of 84,000

By Elisabeth Buchwald, CNN (CNN) — A stunning $2.5 trillion was wiped off the value of the tech-heavy Nasdaq on Thursday as investors rushed to dump tech stocks, rattled by fears that Democrats’ midterm victories could slow the AI buildout. But another force made the sell-off more brutal: Investors who had borrowed heavily to bet

By Stephanie Yang, Anna Cooban, CNN (CNN) — An AI-driven stock sell-off that wiped roughly $2.5 trillion in market value off Wall Street eased on Friday, but only after hitting Asian and European markets hard. US tech stocks staged a modest rebound, with the Nasdaq and S&P 500 rising 1.1% and 0.3%, respectively. The Dow,

By Jordan Valinsky, CNN New York (CNN) — Wendy’s reported its seventh consecutive quarter of declining sales, prompting the company to reveal a turnaround plan while rejecting a massive takeover offer. Thursday’s earnings caps off a tumultuous period for the 56-year-old chain, which included hundreds of closures, leadership changes and slumping sales. Wendy’s has been

By Elisabeth Buchwald, John Towfighi, Matt Egan, CNN New York (CNN) — Global markets tumbled after a Wall Street rout wiped out roughly $2.5 trillion in market value Thursday on fears that Democrats’ midterm gains could put the brakes on the AI buildout. South Korea’s Kospi plunged by almost 9% at the market open on

By Chris Isidore, CNN (CNN) — Elon Musk poured nearly half a billion dollars into the midterms to support Republican candidates, most to help Ken Paxton defeat Democrat James Talarico in the Texas Senate race. Talarico won. But it was the other Democrat upsets in the state, for governor and attorney general, that could cause

By Lisa Eadicicco, CNN (CNN) — Tech giants are betting that AI agents will play a key role in how people get things done in the future – from shopping for groceries to returning packages and planning vacations. OpenAI, Meta and Anthropic have made major pushes in this direction with the launch of agents like

By John Towfighi, Matt Egan, CNN (CNN) — US stocks soared Wednesday as Wall Street digested the resounding Democrat sweep in the midterm elections and mulled what a divided government will mean for the war with Iran, President Donald Trump’s policy agenda and the AI trade. The Dow surged 1,569 points, or 3%, and had

By Chris Isidore, Tami Luhby, CNN (CNN) — CVS Health said Wednesday it is splitting into two companies, marking one of the largest shakeups in the healthcare industry. It’s a major reversal of the mergers that brought together the nation’s largest drugstore retailer along with health insurance giant Aetna and pharmacy benefit manager Caremark. One

By Lisa Eadicicco, CNN (CNN) — “Saturday Night Live” poked fun at characters from two of the holiday season’s most anticipated video game releases last month: Link from the upcoming remake of “The Legend of Zelda: Ocarina of Time” and Jason from “Grand Theft Auto VI.” The segment, which aired on October 3, highlighted how

By Clare Duffy, CNN New York (CNN) — Google is rolling out new controls for schools to limit students’ access to the company’s AI tools. But if schools opt out of AI altogether, they’ll also lose access to Google Search. The policy change could mark a major shift in how students and educators interact with