CNN – Business/Consumer

By Liam Reilly and Matt Egan, CNN (CNN) — Dozens of business leaders are throwing their weight behind Vice President Kamala Harris, saying she is the stronger candidate for the American economy and the future of democracy. In a three-page letter, a group of 88 business leaders — including high-profile current and former executives from major public

By Tami Luhby, CNN (CNN) — Former President Donald Trump plans to ban mortgages for undocumented immigrants, he said in a speech at the Economic Club of New York on Thursday. Trump claimed the measure would help address housing affordability because a “flood” of people entering the country illegally are pushing up housing costs, but

By Chris Isidore, CNN New York (CNN) — US Steel is threatening to shutter a number of mills if the Biden administration blocks its sale to would-be Japanese buyer Nippon Steel. But another rival, Cleveland Cliffs, is offering to buy those mills from US Steel if President Joe Biden stops the deal. This week US

By Jordan Valinsky, CNN New York (CNN) — Selena Gomez can now add becoming a billionaire to her long list of achievements. The 32-year-old actress, singer, investor and entrepreneur just achieved the financial milestone thus making her one of the youngest self-made billionaires in the United States, according to Bloomberg, which values her net worth

By Jordan Valinsky, CNN New York (CNN) — The highly anticipated all-American matchup between Taylor Fritz and Frances Tiafoe — marking the first US Open semifinals between two US men in nearly 20 years — will cost you quite a few Honey Deuces to attend. Prices have surged 60% since Tuesday, when the pairing was

By Matt Egan, CNN New York (CNN) — The oil market is in another tailspin. Producer group OPEC+ is scrambling to stop the bleeding. And gas prices are falling fast, with more to come. All of this is music to the ears of drivers. US gas prices fell to a fresh six-month low of $3.31

By Alicia Wallace, CNN (CNN) — All eyes were on the US labor market, and the latest check-up shows its diagnosis was not as bleak as some feared: Job growth returned to solid form in August, and unemployment trended back down after a concerning jump. Employers added an estimated 142,000 jobs last month, marking stronger

By Juliana Liu, CNN Hong Kong (CNN) — The operator of 7-Eleven has rejected an opening offer from the owner of convenience store rival Circle K, indicating the bid was too low and that its global business was worth more. In a statement Friday, Tokyo-based Seven & I Holdings, which owns 7-Eleven, said it was

By Ramishah Maruf, CNN New York (CNN) — Telegram CEO Pavel Durov returned to the messaging platform Thursday, saying in a lengthy post that he was surprised to have been arrested and interviewed by French authorities less than two weeks ago in an investigation that has sparked debate about free speech and criminal activity online.

By Brian Stelter, CNN New York (CNN) — The Biden administration is denouncing Tucker Carlson after the far-right personality hosted a guest on his show this week who suggested the Holocaust happened by accident, calling the interview “a disgusting and sadistic insult to all Americans.” During Carlson’s two-hour sit-down with Darryl Cooper, a podcaster whom

By Liam Reilly and Brian Stelter, CNN New York (CNN) — A.G. Sulzberger, the New York Times publisher, sounded the alarm Thursday on the “quiet war” against press freedoms unleashed by authoritarians around the world and said Americans should understand the anti-media “playbook” that Donald Trump might employ in a second term. In an op-ed

By Hanna Ziady, CNN London (CNN) — Britain’s competition watchdog is investigating Ticketmaster over concerns the company treated customers unfairly when selling tickets to the upcoming Oasis reunion tour. The probe presents a fresh headache for Ticketmaster’s parent company Live Nation, which also faces an antitrust lawsuit in the United States that could force a

By Krystal Hur, CNN New York (CNN) — Wall Street is eyeing what could be the most consequential economic data report in months due out Friday. Inflation has cooled significantly since the Federal Reserve began aggressively hiking interest rates more than two years ago to tame it. That’s led the central bank to shift its

By Hanna Ziady, CNN London (CNN) — A record number of firms plan to cut advertising spending on X next year because of concerns that extreme content on the platform could damage their brands, dealing another blow to the financial fortunes of Elon Musk’s social media company. A global survey by market research firm Kantar

By Olesya Dmitracova, CNN London (CNN) — Luxury brand Burberry is dropping out of Britain’s main stock index after suffering a steep fall in value following a plunge in sales and profits. The 168-year-old brand will leave the FTSE 100, which brings together the 100 most valuable companies listed on the London Stock Exchange, as a result

By Matt Egan, CNN New York (CNN) — Former President Donald Trump wants to spend trillions of dollars on tax cuts. His plan to pay for that is alarming some mainstream economists. Trump proposed sweeping tariffs on all $3 trillion worth of imports into the United States, including a 60% tariff on imports from China and