Money

By Nathaniel Meyersohn, CNN New York (CNN) — Companies and economists warn that President-elect Donald Trump’s plans to slap tariffs on all US imports will cause havoc in supply chains and raise prices for customers. But TJ Maxx believes that Trump’s tariff plans will benefit the discount chain. TJX, the parent company of TJ Maxx,

By Juliana Liu, CNN Hong Kong (CNN) — China’s richest man has hit out at online shopping platforms, accusing them of starting price wars that have damaged a wide range of companies and industries as the country tackles an economic slump. And in extremely rare remarks that have been largely censored by state media, Zhong

By Matt Egan, CNN New York (CNN) — Truth Social, the social media platform owned by President-elect Donald Trump, appears to be exploring a move into the crypto space. Trump Media & Technology Group filed a trademark application earlier this week for TruthFi, which it described as a cryptocurrency payment processing platform. The trademark application

By Brian Stelter, CNN New York (CNN) — In between his posts on Truth Social announcing nominees for his incoming administration, President-elect Donald Trump urged Republicans Wednesday to nix a bipartisan bill that would give journalists greater protections under federal law. Trump wrote on his favorite social network that “REPUBLICANS MUST KILL THIS BILL!” He

By Jordan Valinsky, CNN New York (CNN) — BJ’s Wholesale Club is hiking the price of its annual membership fee for the first time since 2018. The warehouse store chain, a smaller rival to Costco and Sam’s Club, announced Thursday that the cost will increase by $5 to $60 per year for its basic plan.

By Erika Tulfo, CNN (CNN) — A coffee shop in Middleborough, Massachusetts, went viral overnight for offering free coffee to customers who entered the shop while dancing. A video of customers participating in the promotion was posted on Coffee Milano Café’s TikTok account on Monday and has since been viewed over 5 million times as

By Alicia Wallace, CNN (CNN) — President-elect Donald Trump’s promise to further restrict immigration and roll out “mass deportations” has not been finalized, but the specter of looming policy changes is already reverberating on Main Streets across America. To veteran restaurateur Sam Sanchez, the effects were plain as day during his visit this week to

By John Towfighi, CNN (CNN) — A recent lawsuit alleges Linda McMahon, who President-elect Donald Trump tapped to lead the Department of Education, knowingly enabled the sexual exploitation of children by a World Wrestling Entertainment (WWE) employee as early as the 1980s — allegations she denies. McMahon is the former CEO of the WWE, which

By Chris Isidore, CNN New York (CNN) — The Jeep Gladiator was unveiled to great fanfare by then-owner Fiat Chrysler in 2018, the first pickup model for the hot brand in more than a quarter of a century. And at first it seemed like it might live up to the hype. After rolling out in

By Matt Egan, CNN New York (CNN) — Months into President Donald Trump’s first term in the White House, his Justice Department sent shockwaves through the media industry by suing to block AT&T’s takeover of CNN owner Time Warner. The unusual challenge set off speculation that the lawsuit was driven at least in part by

By Jeanne Sahadi, CNN (CNN) — Social Security is by far one of the most popular government programs in the United States because it is critical for so many retirees’ financial security. And it will be just as important for US adults who have yet to retire. That’s also why so many Americans worry about

By Brian Fung, CNN (CNN) — The US government formally proposed a partial breakup of Google on Wednesday, urging a federal judge to force a sale of the company’s Chrome web browser after a landmark ruling this year finding that Google had violated US antitrust law with its search business. The request by the Justice

By Ramishah Maruf and Aishwarya Iyer, CNN New York/New Delhi (CNN) — Indian billionaire Gautam Adani and other executives were indicted in New York on Wednesday by US prosecutors for their alleged roles in a yearslong, multi-million-dollar bribery and fraud scheme involving plans to develop a major solar power plant. The Department of Justice (DOJ)

By Hanna Ziady, CNN London (CNN) — Ford plans to cut almost 4,000 jobs in Europe over the next three years, about 14% of its workforce in the region, as the carmaker faces slowing demand for electric vehicles and rising competition from China. The US company said Wednesday that the cuts would be completed by

By Jordan Valinsky, CNN New York (CNN) — A machine is giving McDonald’s a headache, and this time it’s not the one that makes ice cream. Customers wanting to order an iced latte or a cappuccino are out of luck at some McDonald’s US locations because the espresso machine that makes its fancy McCafé drinks