Money

By Clare Duffy, CNN New York (CNN) — President Donald Trump on Wednesday batted down the national security concerns surrounding TikTok, saying, “Is it that important for China to be spying on young people? On young kids watching crazy videos?” It was a surprising comment coming from the guy who first tried to ban TikTok

By Nathaniel Meyersohn, CNN New York (CNN) — Some of the biggest brands in America, including Amazon, Meta, Walmart and McDonald’s, have recently changed or ended their diversity, equity and inclusion (DEI) programs. But e.l.f. Beauty, a popular cosmetics brand, is a rare company vocally touting its diversity efforts and inclusive marketing like its “So

By Nathaniel Meyersohn, CNN New York (CNN) — Coca-Cola lovers for more than a decade were forced to wash down their $1.50 hot dogs at Costco’s food courts with Pepsi. But Costco plans to bring back Coca-Coca at its food court soda fountains this summer and ditch its archrival. “We will be converting our food

By Nathaniel Meyersohn, CNN New York (CNN) — Target is joining a wave of US companies pulling back on diversity, equity and inclusion (DEI) initiatives, as right-wing pressure leads companies to alter their commitment to hiring diverse candidates and expanding access. Target said in a statement Friday that it will end its three-year diversity, equity

By Bryan Mena, CNN Washington (CNN) — Sales of existing homes in the US fell last year to the lowest level in almost three decades, as sky-high home prices and elevated mortgage rates squeezed home buyers. Sales of previously owned homes, which make up the vast majority of the market, totaled 4.06 million in 2024,

By Ramishah Maruf, CNN New York (CNN) — Elon Musk’s Department of Government Efficiency has a new target to cut down costs: the US penny. DOGE said on X that the penny costs over 3 cents to make and cost US taxpayers over $179 million in the 2023 fiscal year. “The Mint produced over 4.5

By Donald Judd, CNN (CNN) — President Donald Trump on Thursday shrugged off an ugly back-and-forth between tech CEOs Elon Musk and Sam Altman that pitted one of Trump’s most visible lieutenants against a key participant in a massive $500 billion AI project Trump announced Tuesday. Musk had undercut Trump’s Tuesday Oval Office AI announcement,

By Ramishah Maruf, CNN New York (CNN) — UnitedHealthcare announced a new CEO on Thursday, filling in the spot after Brian Thompson was shot and killed in midtown Manhattan in a targeted attack. Company veteran Tim Noel is the new UnitedHealthcare CEO, the company said in an emailed statement. Noel has been the head of

By Maria Sole Campinoti, CNN (CNN) — With no way for users to download TikTok, thousands of eBay sellers have listed phones with the app installed — hoping to capitalize on TikTok’s disappearance from US app stores following a brief ban. TikTok was pulled from mobile app stores and briefly went dark on Saturday, the

By Jordan Valinsky, CNN New York (CNN) — Some top Walmart managers will now make as much as $620,000 annually as part of a broader pay raise from America’s biggest retail chain. The people receiving these pay raises are market managers who oversee around a dozen stores. Their total pay, including bonuses and stock awards,

By Jeanne Sahadi, CNN (CNN) — It was no surprise when President Donald Trump this week issued a memorandum to the heads of federal departments and agencies, essentially directing them to get their employees back to the office full-time. Among other things, soon after the presidential election, Elon Musk and Vivek Ramaswamy, who at the

By Hadas Gold, CNN (CNN) — CNN is laying off around 6% of its workforce, the company announced Thursday morning, as it institutes sweeping new changes to the 45-year-old news network, including a new weekday show lineup and digital strategy. CNN CEO Mark Thompson announced that CNN will soon unveil a new streaming service, a

By Anna Cooban, CNN London (CNN) — Today’s chief executives are the last generation to manage all-human workforces as companies increasingly adopt artificial intelligence, Salesforce CEO Marc Benioff said Thursday. “From this point forward… we will be managing not only human workers but also digital workers,” he said on a panel at the annual meeting

By Ramishah Maruf, CNN New York (CNN) — Social media users, including celebrities such as singers Demi Lovato and Gracie Abrams, are posting complaints that Meta won’t let them unfollow President Donald Trump, Vice President JD Vance and first lady Melania Trump on Instagram. On her Instagram story, Abrams said she had to unfollow the

By Jordan Valinsky, CNN New York (CNN) — Oreo is partnering with singer Post Malone for its next limited edition cookie, featuring a first-of-its-kind filling for the brand. For a limited time, Oreo is selling a cookie created with Malone that has a swirled creme filling, which mixes salted caramel and shortbread flavor creme and