CNN – Business/Consumer

By Jordan Valinsky, CNN New York (CNN) — Anchor Brewing, America’s oldest craft brewer, closed last summer after more than 127 years in business. Now, it’s being brought back to life thanks to an unexpected buyer. Hamdi Ulukaya, the billionaire founder and CEO of yogurt maker Chobani, announced Friday on LinkedIn he has purchased the

By Saira Mueller, CNN (CNN) — “Place your order.” In the time it took you to read that sentence, another deck of Uno was sold. The family-favorite card game has been around for 52 years — but it may be more popular than ever. Almost everyone seems to play it, and by one measure it’s

By Wayne Chang and Laura He, CNN Taipei/Hong Kong (CNN) — Nvidia, AMD and Intel have separately launched the next generation of their artificial intelligence (AI) chips in Taiwan, as a three-way race heats up. Jensen Huang, CEO of Nvidia (NVDA), said Sunday that the company would roll out its most advanced AI chip platform,

By Diksha Madhok, CNN New Delhi (CNN) — Indian stock markets chalked up new record highs on Monday as experts predicted a resounding victory for incumbent Prime Minister Narendra Modi in national elections. India’s benchmark Sensex index, which tracks 30 large companies, and the broader Nifty 50 index each ended the day at their all-time

By Oliver Darcy, CNN New York (CNN) — The Washington Post announced on Sunday that it had parted ways with its top editor, Sally Buzbee, in a seismic shakeup executed by new publisher and chief executive William Lewis just months before the high-stakes 2024 presidential election. “Sally is an incredible leader and a supremely talented

By Eva Rothenberg, CNN New York (CNN) — Right-wing media mogul Rupert Murdoch tied the knot Saturday for the fifth time, according to British tabloid newspaper the Sun. The Sun, which is owned by Murdoch, released photos of the 93-year-old Australian billionaire alongside his 67-year-old wife, retired molecular biologist Elena Zhukova, at his vineyard in

By Anna Cooban, CNN London (CNN) — The Organization of the Petroleum Exporting Countries and its allies — a group of leading oil producers known as OPEC+ — agreed Sunday to extend production cuts announced last year into 2025. The group said in a statement it would extend a cut of 1.65 million barrels per day,

By Parija Kavilanz, CNN New York (CNN) — Americans should prepare for a sizzling hot summer, and not just because of rising temperatures. Consumers are bravely opening their palate to bolder, spicier, more fiery flavors and the marketplace for foods and drinks is happily obliging them. Walk into a Walmart, Target, a corner 7-Eleven, pretty

By Samantha Delouya, CNN (CNN) — June 1 marks the official start of hurricane season in the Atlantic Ocean, and meteorologists predict it will be “extremely active,” with the potential for seven major hurricanes – the most destructive categories. And as insurance companies struggle to stay afloat, battered by elevated inflation and the growing frequency of catastrophic

By Jeanne Sahadi, CNN New York (CNN) — Moving somewhere new when you retire isn’t uncommon. But deciding whether to take out a new mortgage to buy a home is a big deal. Much of your financial life is changing as you transition from a steady paycheck to a mix of fixed and variable income

By Ramishah Maruf, CNN New York (CNN) — Live Nation said a hacker is offering alleged user data primarily from Ticketmaster for sale on the dark web in a regulatory filing Friday. Live Nation said it identified “unauthorized activity” on May 20 and launched a probe with forensic investigators into the potential hack. Live Nation

By Oliver Darcy, CNN (CNN) — Salem Media Group, the right-wing talk radio network owner, issued a public apology and said it would stop distributing a discredited 2020 election conspiracy theory film after a Georgia man wrongly accused of voter fraud sued the company for defamation. The Georgia man, Mark Andrews, said in his 2022 lawsuit that “2000 Mules,” a film and book by far-right activist Dinesh D’Souza

By Allison Morrow, CNN New York (CNN) — Two influential advisory firms have urged shareholders to vote against Elon Musk’s contentious $51 billion pay package and raised concerns about the CEO’s numerous side projects. On Friday, Institutional Shareholder Services called the package “excessive” and noted that shareholder concerns “have not been sufficiently mitigated” since the

By Brian Fung, CNN Washington (CNN) — The Affordable Connectivity Program, which helped low-income Americans get online, is no more. On Friday, the US government announced the final closure of the broadly popular federal program, which has helped tens of millions of households afford internet service, after Republicans in Congress ignored calls by consumer advocates

By Donie O’Sullivan and Sean Lyngaas, CNN New York (CNN) — On online forums that have previously been linked to mass shootings, people are threatening violence and attempting to publicly identify the 12 New York jurors who on Thursday decided to convict former President Donald Trump. The calls for retribution began immediately after the verdict was announced.

By Nathaniel Meyersohn, CNN New York (CNN) — Costco’s new chief financial officer has a reassuring message for inflation-weary customers: don’t worry about the price of the $1.50 hot dog-soda combo. “To clear up some recent media speculation, I also want to confirm the $1.50 hot dog price is safe,” Costco CFO Gary Millerchip said on an earnings call with analysts Thursday. It was Millerchip’s first earnings call with analysts since taking

Reuters (CNN) — Tesla is recalling 125,227 vehicles in the United States due to a malfunction in its seat belt warning system that can increase the risk of injury in a collision, the National Highway Traffic Safety Administration said on Friday. The regulator said the vehicles failed to comply with the federal safety requirements as their seat belt

By Danielle Wiener-Bronner, CNN New York (CNN) — For years, restaurant executives had a confident message for investors: We’re raising prices, and customers don’t care. Well, now diners do — and fast food chains, especially, are rapidly changing course. Frustrated diners are complaining online about how expensive fast food has become. Low-income consumers in particular are