By Matt Egan, CNN (CNN) — The Consumer Financial Protection Bureau has terminated contracts with multiple expert witnesses it had hired in cases against companies accused of hurting consumers. The decision to suddenly cancel the contracts with expert witnesses suggests that the consumer watchdog no longer plans to pursue these enforcement actions under the Trump
Continue ReadingBy Jordan Valinsky, CNN New York (CNN) — Joann, the fabrics and crafts retailer, is closing more than half of its 800 stores in the coming months as it continues to navigate the bankruptcy process. Approximately 500 stores across the United States are closing, the retailer said in a statement to CNN, saying that “right-sizing
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CNN By Alicia Wallace, CNN (CNN) — It’s not just eggs. Many commonly purchased goods and services got more expensive in January, driving inflation in the wrong direction and to its highest rate since June of last year. Consumer prices rose 0.5% from December — the fastest pace since August 2023 — resulting in an
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By Alicia Wallace, CNN (CNN) — It’s not just eggs. Many commonly purchased goods and services got more expensive in January, driving inflation in the wrong direction and to its highest rate since June of last year. Consumer prices rose 0.5% from December — the fastest pace since September 2023 — resulting in an annual
Continue ReadingBy Jeanne Sahadi, CNN (CNN) — The Consumer Financial Protection Bureau, the so-called cop on the beat protecting Americans from financial abuse, is now under strict orders to do nothing. “Please do not perform any work tasks,” Russell Vought, the acting director, wrote on Monday to CFPB staff in an email obtained by CNN that
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By Lianne Kolirin, CNN (CNN) — Twit-t-who? The green owl who was the logo of language-learning app Duolingo is no longer. The US company behind the app, which became a household name during the Covid-19 pandemic, has issued an announcement revealing that its cute cartoon owl has died. Following in the claw-steps of Twitter’s blue
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By Chris Isidore, CNN New York (CNN) — William McKinley was a largely forgotten American president from more than a century ago until Donald Trump returned to the White House as his biggest fan because of McKinley’s love affair with tariffs. Trump, who has renamed North America’s highest peak Mount McKinley in his honor and
Continue ReadingBy Alicia Wallace, CNN (CNN) — Craft breweries offer more than local beer. They provide a “third place” for community members and are oftentimes helmed by the very neighbor who handcrafted those brews. But even these most homegrown of American businesses aren’t insulated from policies that aim to shore up US industry and penalize other
Continue ReadingBy John Liu, CNN Hong Kong (CNN) — China’s Contemporary Amperex Technology (CATL), the world’s largest producer of batteries for electric vehicles and a supplier for Tesla, has applied for a listing in Hong Kong, setting sights on one of the city’s largest stock offerings in years. The battery giant expects to raise at least
Continue ReadingBy Hadas Gold, CNN (CNN) — The Associated Press said the White House barred its reporter from Tuesday’s Oval Office executive order signing because of the AP style guidance on using the name Gulf of Mexico versus Gulf of America. The AP said in a statement it was informed Tuesday that if the news agency
Continue ReadingBy Jordan Valinsky, CNN New York (CNN) — The website that was selling Kanye West’s T-shirts embossed with swastikas has been deactivated by Shopify Tuesday. A Shopify spokesperson said in a comment to CNN that the “merchant did not engage in authentic commerce practices and violated our terms so we removed them.” Shopify is the
Continue ReadingBy Bryan Mena, CNN Washington (CNN) — America’s central bank is in no rush to slash interest rates any time soon, Federal Reserve Chair Jerome Powell told lawmakers Tuesday. Powell also faced a barrage of questions about the Consumer Financial Protection Bureau, tariffs and Elon Musk’s Department of Government Efficiency. The dismantling of the CFPB
Continue ReadingBy David Goldman, CNN (CNN) — The battle for the future of AI just got extremely expensive and deeply personal. OpenAI CEO Sam Altman spoke out against rival Elon Musk a day after rejecting a potentially seismic deal that could shape the future of artificial intelligence. He told the Elon Musk-led group of investors that
Continue ReadingBy Olesya Dmitracova, CNN London (CNN) — The United States believes that overzealous rulemaking could “kill” the artificial intelligence industry, US Vice President JD Vance said Tuesday, taking Donald Trump’s fight against curbs on AI development to a global stage. “We believe that excessive regulation of the AI sector could kill a transformative industry just
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By Josh Campbell, CNN Los Angeles (CNN) — The body of water formerly known in the United States as the Gulf of Mexico is now listed for US-based users of Google Maps as the Gulf of America. The change follows an executive order by US President Donald Trump renaming the area. Google has previously said
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By Jordan Valinsky, CNN New York (CNN) — Despite a blowout of a game and halftime performer telling people to turn off their TVs, the Super Bowl registered record ratings for the second year in a row, according to final numbers released Tuesday afternoon. Sunday’s game on Fox, which saw the Kansas City Chiefs lose
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By Vanessa Yurkevich, CNN New York (CNN) — It will be harder to find sweet deals on chocolate this Valentine’s Day. In fact, the cost of chocolate might put a bitter taste in your mouth. “This Valentine’s Day expect prices for chocolate treats to increase around 10-20% over last year as the price of cocoa
Continue ReadingBy Matt Egan, CNN (CNN) — Elon Musk bought Twitter in 2022 with the hopes of turning it into “the everything app” that will let users zap money to each other and where they could eventually conduct their “entire financial world.” Days after Musk attended President Donald Trump’s inauguration this year, Twitter, now known as
Continue ReadingBy Rosa de Acosta, CNN (CNN) — US trade policies are under the microscope after President Donald Trump enacted tariffs on top trading partner China and teased more, broader tariffs in the coming days. With Narendra Modi, prime minister of India, expected at the White House on Thursday, CNN takes a look at the trade
Continue ReadingBy Samantha Delouya, CNN (CNN) — Kayla Kataska began shopping for her first home last month — and she’s already had to adjust her expectations. Although Kataska and her husband recently moved from Southern California to the relatively more affordable city of Lake Mills, Wisconsin, they’ve realized their dream home may come with a heftier
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