CNN – Business/Consumer

By Nathaniel Meyersohn, CNN New York (CNN) — Americans don’t want Outback’s Aussie-themed steaks anymore. Instead, they’re craving Texas-style cuts from Texas Roadhouse and LongHorn’s tender filets. Texas Roadhouse and LongHorn’s sales topped Outback’s last year, and the chains’ stocks are going in different directions. Texas Roadhouse’s stock has increased around 15% over the last

By Ramishah Maruf, CNN New York (CNN) — Two Federal Trade Commission members who were fired this month have filed a lawsuit against the Trump administration, arguing on Thursday that the decision violated a long-established legal precedent preventing political firings. On March 18, Democratic Commissioners Alvaro Bedoya and Rebecca Kelly Slaughter received an email from

By Alicia Wallace, CNN (CNN) — The Trump administration’s culling of government programs and agencies has resulted in an unprecedented wave of federal workers joining the ranks of job seekers — and new data shows a spike in job applications from agencies impacted by the Department of Government Efficiency. Those job hunts are coming at

CNN, POOL By Chris Isidore, CNN New York (CNN) — Get ready to pay more for your next car. Auto prices in the United States will start to rise very soon – perhaps within the next few weeks. That’s because President Donald Trump once again announced plans for 25% tariffs on imported cars and parts

CNN By Elisabeth Buchwald, Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — President Donald Trump on Wednesday announced 25% tariffs on all cars shipped to the United States, a significant escalation in a global trade war. The tariffs, set to take effect on April 3 at 12:01 am ET, are aimed at expanding

By John Liu and Hassan Tayir, CNN Hong Kong (CNN) — In the world of electric vehicles, there’s a Chinese company outdoing Elon Musk’s Tesla. And it’s just getting started. BYD, the Shenzhen-based Chinese EV champion, eclipsed Tesla in annual sales last year. Last week, it unveiled a revolutionary battery charging technology that it says

By John Towfighi, CNN New York (CNN) — Gold isn’t the only metal smashing through record high prices. Copper prices in New York hit a record high on Wednesday after Bloomberg reported that President Donald Trump might impose tariffs on copper imports in the coming weeks. Wall Street had expected tariffs on copper to come

By Elisabeth Buchwald, Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — President Donald Trump on Wednesday announced 25% tariffs on all cars shipped to the United States, a significant escalation in a global trade war. The tariffs, set to take effect on April 3 at 12:01 am ET, are aimed at expanding America’s

By Jordan Valinsky, CNN New York (CNN) — If you ever wanted to get as drunk as Pam Beesly at a Chili’s in Scranton, that dream is finally becoming a reality. The popular chain is opening a restaurant in the Pennsylvania city on April 7, nearly 20 years after the famous episode of “The Office”

By Alicia Wallace, CNN (CNN) — Student loan delinquencies are poised to hit record highs, and more than 9 million borrowers could see their credit scores tank in the first quarter of this year, according to new data released Wednesday. The Federal Reserve Bank of New York released its latest biennial report that tracks student

By Brian Stelter and Liam Reilly, CNN (CNN) — Rep. Marjorie Taylor-Greene on Wednesday used a DOGE subcommittee hearing to call for the defunding and dismantling of the company that provides NPR and PBS with federal funds. For Taylor-Greene and other House Republicans, today’s hearing was about tarnishing PBS and NPR with accusations of bias

By Jordan Valinsky, CNN New York (CNN) — After GameStop closed about a quarter of its locations within the past year, shuttering 1,000 stores across the world, the company said it’s not close to done. And as the struggling company closes stores, it will invest cash in cryptocurrencies. GameStop revealed in a regulatory filing Tuesday

By Nathaniel Meyersohn, CNN New York (CNN) — Wall Street cheered President Donald Trump’s election because businesses expected a massive deregulation effort. Trump knows this — and his administration appears to be leveraging that to get something in return: rollbacks of companies’ diversity, equity and inclusion policies. The federal government typically tries to block corporate

By Chris Isidore, CNN New York (CNN) — Tesla’s stock closed higher Tuesday for the fifth straight day, a remarkable and sustained rally that has recaptured a quarter of the value it lost in the last three months. It may not last. The stock had been plunging as Tesla’s sales have fallen sharply, particularly in

By Anna Cooban, CNN London (CNN) — Tesla will start selling its electric vehicles in Saudi Arabia, entering the Gulf region’s largest economy as the company’s global sales are sliding and CEO Elon Musk courts controversy with his role in the US government. The carmaker announced Wednesday that it would host a launch event in

By Nathaniel Meyersohn, CNN New York (CNN) — Dollar Tree is ending its short-lived and ill-fated Family Dollar experiment, offloading the discount brand for $1 billion – just a fraction of its purchase price from a decade ago. Family Dollar will be sold to private equity groups Brigade Capital Management and Macellum Capital Management, pending

By Jeanne Sahadi, CNN (CNN) — Bonus season on Wall Street runs through March, and based on estimates released Wednesday morning, it has been a lucrative start to spring for the more than 200,000 people working for New York City-based securities firms. Their total bonus pool hit a record $47.5 billion, up 34% from last