CNN – Business/Consumer

By Matt Egan, CNN New York (CNN) — Big Oil got its wish: Donald Trump is heading back to the White House, promising to turbocharge American fossil fuels by slashing red tape. As oil lobbyists eagerly game out how to dismantle regulation, the clean energy industry is bracing for trouble ahead. Trump has promised to

By Eric Cheung Hong Kong (CNN) — Chinese social media platform Xiaohongshu, also known as RedNote, has been hiring for a surprising position in recent days: English-language content moderators. That’s because a growing number of US users are creating new accounts there, driven in large part by a looming ban on TikTok, which is due

By Juliana Liu, Hassan Tayir and Nectar Gan, CNN Hong Kong (CNN) — China’s economy grew more than expected in the last three months of 2024, official data showed on Friday, as it awaits the likely imposition of fresh tariffs by US President-elect Donald Trump, who takes office next week. Much of the growth momentum

By Maria Sole Campinoti, CNN (CNN) — Spirit Airlines announced it will cut 200 jobs in an effort to reduce costs after filing for bankruptcy in November. The airlines filed for Chapter 11 bankruptcy protection due to challenges with debt, competition from other low-cost carriers, and failed merger attempts with other airlines. “We are executing

By Liam Reilly, CNN New York (CNN) — Apple is temporarily pulling its newly introduced artificial intelligence feature that summarizes news notifications after it repeatedly sent users error-filled headlines, sparking backlash from a news organization and press freedom groups. The rare reversal from the iPhone maker on its heavily marketed Apple Intelligence feature comes after

By Alicia Wallace, CNN (CNN) — When President-elect Donald Trump recently floated the idea of annexing Canada, a key reason he gave was a claim that the United States was “losing $200 billion a year” to its northern neighbor. Speaking at Mar-a-Lago last week, Trump didn’t specify what constituted the $200 billion, but he used

By Bryan Mena, CNN Washington (CNN) — Mortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting affordability challenges. The average rate on a standard, 30-year fixed mortgage was 7.04% in the week ending January 16, according to a survey of lenders released Thursday by Freddie

CNN By Bryan Mena, CNN Washington (CNN) — Mortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting affordability challenges. The average rate on a standard, 30-year fixed mortgage was 7.04% in the week ending January 16, according to a survey of lenders released Thursday by

By Tami Luhby, CNN (CNN) — In its first financial results since its insurance unit CEO was fatally shot in New York City, UnitedHealth Group reported Thursday weaker-than-expected fourth-quarter revenue, prompting its shares to fall in early morning trading despite quarterly profit beating projections. Andrew Witty, UnitedHealth Group’s CEO, defended the company’s commitment to its

By Brian Stelter, CNN New York (CNN) — The outgoing Democratic chair of the Federal Communications Commission is taking bold action on the way out the door, rejecting what she described as four efforts to weaponize the government’s TV licensing authority for political purposes. Activists on both the right and left may be disappointed. But

By Jordan Valinsky, CNN New York (CNN) — The Super Bowl has always been free to watch with an antenna, but for the first time, it’s streaming for free too. Fox, which is airing the February 9 game, announced that it’s also streaming Super Bowl LIX on Tubi, a free, ad-supported app that it owns.

By Jeanne Sahadi, CNN (CNN) — In the next few months, most Americans will be focused on getting their tax documents together to complete their 2024 returns. But for anyone who buys and sells digital assets like bitcoin, it is worth knowing that 2025 will mark the first tax year that your crypto transactions will

By Clare Duffy, CNN New York (CNN) — TikTok is still three days away from a likely ban in the United States, but many users are already bidding the app farewell and seeking out alternatives. Influencer Jasmine Chiswell posted a video Tuesday, showing her frowning over text that reads: “Me saying goodbye to 18 million

By David Goldman, Kaitlan Collins and Kayla Tausche, CNN (CNN) — President-elect Donald Trump is weighing a plan that could delay America’s TikTok ban, giving the new administration more time to potentially cut a deal with a US buyer to save the super-popular video app, sources familiar with the plans told CNN. The potential executive

By Liam Reilly, CNN New York (CNN) — Prominent right-wing media personalities are calling on the federal government to withhold or place conditions on aid for victims of the devastating Los Angeles wildfires, blaming California’s own policies for the scale of the devastation and response. As firefighters slowly gain control of the wildfires raging near

By Chris Isidore, CNN New York (CNN) — More than $100 million has been raised for California wildfire victims on GoFundMe so far. But some of those fundraising efforts could actually end up limiting the money that would be available through the Federal Emergency Management Agency. FEMA can provide financial assistance for those who lost

By John Towfighi, CNN New York (CNN) — US stocks surged higher Wednesday after an encouraging inflation report and blockbuster profits for some of America’s biggest banks. The Dow surged 703 points, or 1.65%, to close at 43,222. The S&P 500 rose 1.83% and the tech-heavy Nasdaq Composite ended the day higher by 2.45%. The