CNN – Business/Consumer

By Elisabeth Buchwald, CNN New York (CNN) — There’s a new member of the $1 trillion company club in the US — and for the first time, it isn’t a technology company. On Wednesday, shares of Berkshire Hathaway (BRK.A) (BRK.B) closed high enough to give the conglomerate holding company a market value above $1 trillion.

By Chris Liakos and Rob Picheta, CNN Paris (CNN) — Telegram founder Pavel Durov is under formal investigation and will not be allowed to leave France, a French prosecutor said in a statement released Wednesday night. The Russian-born billionaire is being investigated for several suspected offenses related to criminal activity on the platform, including complicity

Analysis by Elisabeth Buchwald, CNN New York (CNN) — Inflation has cooled so much over the past year that even Federal Reserve Chair Jerome Powell is pleased with the progress. But, in poll after poll, Americans have sent a clear message: They aren’t. That has created a prime opportunity for Vice President Kamala Harris to

By Chris Isidore and Brian Fung, CNN New York (CNN) — Cybersecurity firm CrowdStrike said that in the wake of a massive computer outage it caused last month it will give customers about $60 million in credits to remain with the company, possibly a mere fraction of the damages those clients say they incurred. The

By Nathaniel Meyersohn, CNN New York (CNN) — Robby Starbuck, a former Hollywood music video director turned conservative activist, has caught fire campaigning online against some major American brands’ diversity, equity and inclusion programs (DEI), support for gay Pride marches and LGBTQ events, strategies to slow climate change and other social policies. Starbuck is both

By Jeanne Sahadi, CNN New York (CNN) — On balance, 401(k) participants have had a good run over the past year. Especially those who have amassed a balance of at least $1 million. The number of so-called 401(k) ‘millionaires’ rose to a new record high in the second quarter, according to a new data analysis

By Michelle Watson and Dalia Faheid, CNN (CNN) — AT&T wireless service was down for some customers for parts of Tuesday because of a software issue that has since been fixed, according to the company, which has experienced several outages this year. “We’ve resolved a software issue that disrupted the ability of a limited number

By Ramishah Maruf, CNN New York (CNN) — Pizza Hut is offering customers moving to a few cities something extra through its packaging. The pizza chain is offering a special pizza box that turns into a miniature table with an order of a large regular-priced pizza in Dallas, Texas; Charlotte, North Carolina; and Orlando, Florida.

By Ramishah Maruf and Elizabeth Wagmeister, CNN New York (CNN) — Yet another podcast has inked a deal upwards of $100 million. Brothers and NFL stars Jason and Travis Kelce signed a deal with Amazon’s podcast studio Wondery for their “New Heights with Jason & Travis Kelce” podcast. The agreement brings exclusive ad-sales and distribution

By Bryan Mena, CNN Washington (CNN) — With the Federal Reserve all but confirmed to cut interest rates next month, there is finally some light at the end of the tunnel for Americans grappling with the most unaffordable housing market in decades. But the old saying that “real estate is local” still rings painfully true.

By Ramishah Maruf, CNN New York (CNN) — Martin Shkreli, the infamous “pharma bro” once convicted of securities fraud, must turn over to his attorneys all copies of what was supposed to be a multi-million-dollar, one-of-a-kind Wu-Tang Clan album and is barred from selling or distributing the album, a federal judge ruled. Judge Pamela Chen

By Colin McCullogh, CNN (CNN) — Mark Zuckerberg, chairman and CEO of the social media company Meta, said in a letter to the House Judiciary committee on Monday that his teams were “pressured” by the Biden White House to censor some content around the Covid-19 pandemic. “In 2021, senior officials from the Biden Administration, including the

By Jeanne Sahadi, CNN (CNN) — Many US retailers offer the option to get cash back when you make a purchase with a bank debit card or prepaid card. But some charge a fee for that convenience. It certainly can save you time because you don’t need to make a stop at an ATM. And

By Jeanne Sahadi, CNN (CNN) — The Federal Trade Commission said Monday that Care.com had agreed to a proposed $8.5 million settlement to address what the FTC called “unlawful practices,” which include misleading both the job seekers and job posters who use the site. “Care.com used inflated job numbers and baseless earnings claims to lure