CNN – Business/Consumer

By Jordan Valinsky, CNN New York (CNN) — TGI Fridays Inc., the American casual dining chain, filed for Chapter 11 bankruptcy protection Saturday. The company said in a statement that fallout from the Covid-19 pandemic was the “primary driver of our financial challenges” and it will use the Chapter 11 process to “explore strategic alternatives

Story by Reuters (CNN) — Warren Buffett and Berkshire Hathaway extended their retreat from stocks in the third quarter, slashing their holdings in Apple and boosting cash to a record $325.2 billion. Berkshire also reported a 6% decline in quarterly operating profit, largely the result of higher insurance underwriting liabilities including for Hurricane Helene, and

By Samantha Delouya, CNN (CNN) — Home-building policy, local zoning restrictions and the use of federal lands don’t usually find their way into the world of flashy presidential campaign politics, but both Vice President Kamala Harris and former President Donald Trump have prioritized those topics as the election draws to a close. That’s because housing

By Liam Reilly, CNN New York (CNN) — Conservative radio host Hugh Hewitt resigned from his contributing columnist role at The Washington Post on Friday after storming off the newspaper’s live show over a disagreement with his colleagues. Hewitt’s resignation came after an appearance on “First Look,” the Post’s live show hosted by Jonathan Capehart,

By Matt Egan and David Goldman, CNN (CNN) — Former President Donald Trump’s social media stock is plunging just ahead of the election, cutting deeply into his net worth. After an absurd spike over the past five weeks that was based entirely on Trump’s perceived reelection prospects — and had nothing to do with the

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — More than 30,000 Boeing workers will vote again Monday on whether or not to end a crippling seven-week strike. The result of that vote will have significant implications not just for them, but for the company, global travel and the broader economy. The deal

By Brian Stelter, CNN New York (CNN) — Two veteran writers who resigned from The Washington Post over its non-endorsement decision are joining The Atlantic. Robert Kagan and Danielle Allen are coming aboard as contributing writers, The Atlantic’s editor-in-chief Jeffrey Goldberg said Friday. The move comes one week after the Post announced it was ending

By Jordan Valinsky, CNN New York (CNN) — Wendy’s is closing 140 restaurants in the coming months, the fast food chain announced this week. But the company said it would open an equal number of new locations in areas it believes can generate better business for Wendy’s. The restaurants targeted to close are “outdated and

By Nathaniel Meyersohn, CNN New York (CNN) — Consumers are turning away from pricier Starbucks coffee, McDonald’s Big Mac meals, Doritos chips, Monster energy drinks and Heineken beer. But they can’t stop guzzling Coke and Dr Pepper. Both Coca-Cola and Dr Pepper said last week on quarterly earnings calls that they sold more soda cases

By Ramishah Maruf, CNN New York (CNN) — Election Day is around the corner, and along with an “I Voted” sticker, some companies are offering perks from a discounted ride to the polls to a free sweet treat. While it’s illegal to reward people for voting or paying people to register to vote (as evidenced

By Matt Egan, CNN New York (CNN) — In 2020, former President Donald Trump warned that the historic stock market boom on his watch would implode if voters replaced him with Joe Biden. “If you want your 401k’s and stocks…to disintegrate and disappear, vote for the Radical Left Do Nothing Democrats and Corrupt Joe Biden,”

By Alicia Wallace, CNN (CNN) — The monthly jobs report — the final piece of major economic data to land before a consequential, contentious and too-close-to-call election — was clear as mud. The US economy added just 12,000* jobs in October, according to data released Friday by the Bureau of Labor Statistics. If the initial

By Rashard Rose and Jon Passantino, CNN (CNN) — Former President Donald Trump filed a lawsuit Thursday against CBS, demanding $10 billion in damages over the network’s “60 Minutes” interview with Vice President Kamala Harris. The suit was immediately ridiculed by First Amendment attorneys, who called it “frivolous and dangerous.” In the complaint filed in

By Elisabeth Buchwald, CNN New York (CNN) — For months, many Republicans, including former President Donald Trump, have been quick to assert — without proof — that subsequent downward revisions to initial employment estimates published by the Bureau of Labor Statistics were intentional in order to mask the true state of the economy at the

By Alicia Wallace, CNN (CNN) — The barrage of economic data released so far this week has painted a pretty clear picture: Growth is rock solid, and inflation is all but tamed. In any other month, the finishing touch would be a clean reading on the labor market from the official jobs report. However, it’s

By Alicia Wallace, CNN (CNN) — Inflation has slowed further and is just a hair’s breadth from the Federal Reserve’s 2% target. The Personal Consumption Expenditures price index, which is the Fed’s preferred inflation gauge, showed prices rose 2.1% for the year ended in September, a slowdown from 2.3% in August, according to Commerce Department