CNN – Business/Consumer

By Tami Luhby and Alicia Wallace, CNN (CNN) — In 2018, Jonathan and Trista Schmier felt the economy was so strong that they could take a big risk. They quit their property management jobs and opened a restaurant, Rustic Burger, in Fayetteville, North Carolina. Trista Schmier, who had long dreamed of owning a restaurant, designed

By Samantha Delouya, CNN (CNN) — President Joe Biden revealed a series of proposals aimed at lowering housing costs on Tuesday as inflation and elevated home prices are shaping up to be decisive issues for voters this year. The plan, which is subject to congressional approval, has two parts. The first proposal calls for withdrawing

By Ramishah Maruf, CNN New York (CNN) — Thomas Matthew Crooks, the 20-year-old who opened fire on former President Donald Trump during a campaign rally Saturday in Pennsylvania, was pictured twice wearing a t-shirt that said “Demolition Ranch” on it. A law enforcement official told CNN that one of the times was when Crooks was at an ammo

By Donie O’Sullivan, Brian Fung and Marshall Cohen, CNN (CNN) — Saturday’s shooting at a Donald Trump rally was the first assassination attempt of a US presidential candidate in the age of social media – and the former president had barely been hit before the internet was abuzz with all sorts of unsubstantiated explanations for what

CNN By Krystal Hur, CNN New York (CNN) — US markets rose Monday as investors processed the assassination attempt on former President Donald Trump over the weekend. The Dow rose climbed 211 points, or 0.5%, closing at a fresh record high. That comes after the blue-chip index hit a fresh all-time high on Friday and

By Nathaniel Meyersohn, CNN New York (CNN) — Macy’s management ended talks with private investors attempting to take over the company and will pursue its own turnaround strategy to remake the chain. Macy’s board of directors voted unanimously to end discussions with Arkhouse Management and Brigade Capital Management over the investors’ offers to acquire the

By Matt Egan and Jordan Valinsky, CNN New York (CNN) — Google owner Alphabet is in advanced discussions to buy fast-growing cybersecurity startup Wiz for roughly $23 billion, a person familiar with the matter confirmed to CNN. A takeover of Wiz, which makes cybersecurity software for cloud computing, would represent a major bet by Google

By Jordan Valinsky, CNN New York (CNN) — Investment giant BlackRock is pulling an ad that included Thomas Crooks, the gunman who shot at Donald Trump, injuring the former president and killing an attendee at a rally near Pittsburgh on Saturday. “In 2022, we ran an ad featuring a teacher from Bethel Park High School, in which

By Jordan Valinsky, CNN New York (CNN) — British luxury brand Burberry is replacing its chief executive following another disappointing quarter in which sales plunged more than 20%. Jonathan Akeroyd is leaving Burberry with “immediate effect,” the company said in its earnings release Monday, and replacing him with Joshua Schulman, a luxury wear veteran that has

By Oliver Darcy, CNN New York (CNN) — MSNBC will not air “Morning Joe,” its celebrated politics roundtable program, on Monday, opting to instead air continued breaking news coverage of the attempted assassination of former President Donald Trump. The progressive news network confirmed the decision to preempt its influential and top-rated morning show after a

By Simone McCarthy, CNN Hong Kong (CNN) — After months of unexplained delay, top officials from China’s ruling Communist Party are gathering in Beijing this week to signal the direction forward for the world’s second largest economy as it faces major economic challenges and friction with the West. Stakes are high for the meeting, which

By Erika Tulfo, CNN (CNN) — Measuring about half the length of a Ford F-150, Kei trucks look almost like toys in comparison to your standard pickup truck. But for a car so tiny, you might be surprised at the massive following that they command. Kei trucks, built to satisfy Japanese light automobile regulations and

By Bryan Mena, CNN Washington (CNN) — Quinn Merriss, an 18-year-old who identifies as transgender and non-binary, barely makes ends meet. Merriss was kicked out of their home after years of tension and arguments with their parents over being transgender. They now live independently without any financial support from relatives, working as a server earning

By Chris Isidore, CNN New York (CNN) — On Sunday, the cost of a stamp is going up for the second time this year, jumping 5 cents for first class postage to 73 cents. You probably didn’t notice. And truthfully, you may not care. But you should. Most people don’t use mail the way they used