Money

By Matt Egan, CNN New York (CNN) — When many were celebrating the remarkable economic recovery from the pandemic in the spring of 2021, Larry Summers warned the White House and the rest of Washington that inflation was a real danger. That warning proved to be prescient. Price spikes engulfed the US economy, crushed consumers

By Ramishah Maruf, CNN New York (CNN) — No, not the recipe itself. Just the literal phrase. Last week, KFC accused Church’s Texas Chicken of violating its trademark rights when its fried chicken competitor began using the words “Original Recipe” in its advertising and promotions. KFC claimed in a lawsuit that beginning September 30, it

By Jordan Valinsky, CNN New York (CNN) — Kum & Go, the Midwestern gas station chain that gained national fame for the immature snickers its name often receives, is making a change. Maverik, a rival chain that bought Kum & Go in 2023, announced that it’s in “process of rebranding Kum & Go stores, with

By Jordan Valinsky, CNN New York (CNN) — Hush puppies, once a staple on Red Lobster’s menu, are coming back. It’s part of broader changes at the chain, which recently emerged from bankruptcy and is now under the control of a 35-year-old CEO hoping to turn around the seafood restaurant chain’s fortunes. Rolling out this

By Clare Duffy, CNN New York (CNN) — “All we have to have is just a human form to be a victim.” That’s how lawyer Carrie Goldberg describes the risk of deepfake porn in the age of artificial intelligence. While revenge porn — or the nonconsensual sharing of sexual images — has been around for

By Matt Egan, CNN (CNN) — Donald Trump is returning to the White House, and the stock market is loving it. Investors, relieved to have a clear-cut election winner and fired up about the prospect of tax cuts and deregulation, have sent US stocks zooming higher. The Dow Jones Industrial Average closed above 44,000 on

By Elisabeth Buchwald, CNN New York (CNN) — President-elect Donald Trump’s return to the White House already carried the potential for sweeping changes to the Federal Reserve. But now a growing question is not how the central bank will operate under Trump but if it’ll continue to operate at all. Elon Musk, a key Trump

By Clare Duffy, CNN New York (CNN) — Sexist and abusive attacks on women, like “your body, my choice” and “get back to the kitchen,” have surged across social media since Donald Trump’s reelection, according to an analysis from the Institute for Strategic Dialogue. An X post from White nationalist and Holocaust denier Nick Fuentes

By Samantha Delouya, CNN (CNN) — When Julie Johnson and her husband decided to purchase their own home, they turned to an unexpected place: Facebook Marketplace. One month and $52,000 later, a pre-owned 2,200 square-foot, four-bedroom, two-bathroom manufactured home was cut in half and delivered in two pieces on the back of a truck to

By Nathaniel Meyersohn, CNN New York (CNN) — In Woodbridge, Virginia, LongHorn Steakhouse will take over an old TGI Fridays. In Watertown, New, York, a former Red Lobster is being converted to a Northern Credit Union bank. And Chick-fil-A is taking over a shuttered Red Lobster in Naples, Florida. Vacant restaurant chains are creating prime

By Kathleen Magramo, CNN (CNN) — Toy manufacturer Mattel has apologized after mistakenly printing the web address of a pornographic site on the packaging of its newly launched “Wicked” dolls. Instead of pointing readers to the official website of the movie adaptation of the Tony Award-winning musical, information found on boxes of the special edition

By Samantha Delouya, CNN (CNN) — Last month, two major storms, Hurricane Helene and Hurricane Milton, caused a total of between $51.5 billion and $81.5 billion of property damage, mostly to Southeastern US states, according to estimates from CoreLogic. That’s a lot of damage – but it’s only a small fraction of what climate change

By Dawn Sawyer, CNN (CNN) — An Illinois woman is $1 million richer after winning on a lottery ticket she forgot about. During a grocery trip to the Jewel-Osco supermarket in Elmhurst in October, she made the last-minute decision to pick up a lottery ticket for the Lucky Day Lotto, a daily draw game in

By David Goldman, CNN (CNN) — Bitcoin on Sunday hit a new record above $80,000. The world’s largest cryptocurrency surged in the run-up to Tuesday’s US presidential election, rose sharply immediately on election night after it became clear Donald Trump would win and has continued rising in the days since his victory. Bitcoin is up

By Ramishah Maruf, CNN New York (CNN) — Veterans Day honors active and former US service members annually on November 11, the anniversary of the end of World War I. This year, the holiday falls on Monday, giving many office workers and students a long weekend. Since it’s a federal holiday, many government institutions and

By Erika Tulfo, CNN (CNN) — Kelsea Palm was feeling out of sorts as the presidential election was approaching. So, she did what many Americans do when they’re feeling anxious: She went shopping. The Wheaton College senior and her friend hit shops in Massachusetts the weekend before Election Day, and while Palm prides herself on