CNN – Business/Consumer

By Oliver Darcy, CNN New York (CNN) — Kim Godwin, the embattled president of ABC News, abruptly announced Sunday evening that she will exit the network, capping a tumultuous three-year run at the outlet after staffers said her polarizing leadership led to plummeting employee morale. “I have decided to retire from broadcast journalism,” Godwin told

By Parija Kavilanz, CNN New York (CNN) — Retailers are feeling jittery. Consumers aren’t shopping like they used to. In a game of chicken between stores and shoppers, it’s the stores that appear to be yielding first, by dropping prices on thousands of products. The markdowns come as inflation has pushed prices higher for the

By Ramishah Maruf, CNN New York (CNN) — After several days of protests, pro-Palestinian encampments on the campuses of Ivy League schools Columbia and Brown came down last week. But while the apparent end of Columbia’s pro-Palestinian encampments was marred by a takeover of a building, a mass arrest, and a widespread condemnation of the

By Samantha Delouya, CNN (CNN) — Elevated interest rates and pricier listings have made it even harder to afford a new home. But there is an often-overlooked expense when buying a home: closing costs. These costs, which are the fees owed on the day you finalize the purchase of a home, have risen in recent

By Tami Luhby, CNN (CNN) — The mix of local residents visiting the Enfield Food Shelf in Connecticut has changed a lot in the last few years. Prior to the Covid-19 pandemic, many were elderly or disabled people on fixed incomes, said Kathleen Souvigney, the food pantry’s executive director for the past decade. But now,

CNN By Parija Kavilanz, CNN New York (CNN) — Retailers are feeling jittery. Consumers aren’t shopping like they used to. In a game of chicken between stores and shoppers, it’s the stores that appear to be yielding first, by dropping prices on thousands of products. The markdowns come as inflation has pushed prices higher for

By Parija Kavilanz, CNN New York (CNN) — It’s a moment many shoppers grapple with at some point during a grocery run: Why does a carton of brown eggs cost more than a carton of white eggs? It’s not what you might think. It’s not about one type being healthier, or more natural or fancier

By Nicole Goodkind and Eva Rothenberg, CNN New York (CNN) — Welcome to “Woodstock for capitalists.” Tens of thousands of Berkshire Hathaway shareholders and Warren Buffett fans flocked to Nebraska this weekend to consume Berkshire (BRKB)-owned See’s Candies and Dairy Queen Dilly Bars, compete in newspaper-throwing contests and, perhaps most important, to see the Oracle

By Jordan Valinsky, CNN New York (CNN) — Rue21, a mall staple for teen apparel, is going out of business and closing all 540 of its stores within the coming weeks. The Pittsburgh-based company filed for bankruptcy Thursday for the third time in its existence, signaling the end of nearly 50 years in business for

By Brian Fung, CNN (CNN) — Whenever you type a search into Apple’s Safari browser — say, on an iPhone — chances are it’s Google that returns the results. You can tell Safari to pick another search engine, but in practice most people tend to stick with Google by default. You might know that Google

By Matt Egan, CNN New York (CNN) — BF Borgers, Trump Media & Technology Group’s independent accounting firm, was charged by the Securities and Exchange Commission on Friday with widespread fraud and accused of operating a “sham audit mill.” The SEC made no allegation of wrongdoing against Truth Social owner Trump Media (DJT), which is

By Nicole Goodkind, CNN New York (CNN) — US stocks soared Friday after new data showed that US job growth slowed considerably last month. After surging by more than 500 points after the opening bell, the blue-chip Dow closed 450 points higher, or 1.2%; the S&P 500 rose 1.3% and the tech-heavy Nasdaq gained 2%.

By Anna Cooban, CNN London (CNN) — The Italian company that helped rebuild a bridge that collapsed in Genoa in 2018 says it is ready to do the same in Baltimore. WeBuild Group said in a press release Friday that it had sent a preliminary design and plans to US officials for the reconstruction of

By Chris Isidore, CNN New York (CNN) — Few companies have lost more than the $32 billion that Boeing has lost in the last five years. And fewer companies could lose that kind of money and not be facing bankruptcy — or worse. That’s because the company is part of a unique duopoly, one of

By Hande Atay Alam and Olesya Dmitracova, CNN (CNN) — Turkey has halted all import and export transactions with Israel in protest over the war in Gaza. “All import and export transactions related to Israel, including all products, have been stopped,” Turkey’s trade ministry said in a statement Thursday. “Turkey will strictly and decisively implement

By Nathaniel Meyersohn, CNN New York (CNN) — In 2003, Red Lobster ran an “Endless Crab” promotion. The all-you-can-eat deal backfired spectacularly. Red Lobster misjudged just how many seafood lovers would pour into restaurants around the United States and fill up their stomachs with pounds of sweet, juicy crab legs drenched in lemon and dipped

By Alicia Wallace, CNN (CNN) — US job growth slowed considerably last month, with just 175,000 positions added in April, according to Bureau of Labor Statistics data released Friday. The slower-than-expected gains — April’s tally is the lowest since October of last year — come as the Federal Reserve has sought to cool demand to

By Samantha Delouya, CNN (CNN) — More than 16,000 pounds of raw ground beef products were recalled by the US Department of Agriculture on Wednesday on concerns the meat may be contaminated with E. coli. The meat items, produced by Cargill Meat Solutions, were sold at Walmart retail locations across the United States. According to

By Matt Egan, CNN New York (CNN) — Scott Sheffield, founder and longtime CEO of a leading American oil producer, attempted to collude with OPEC and its allies to inflate prices, federal regulators alleged on Thursday. The Federal Trade Commission said Sheffield, then CEO of Pioneer Natural Resources, exchanged hundreds of text messages discussing pricing, production and