Money

By Liam Reilly, CNN New York (CNN) — Jeff Bezos, the Amazon founder and chairman, congratulated Donald Trump on Wednesday for an “extraordinary political comeback and decisive victory” after the former president won re-election, wishing Trump “all success in leading and uniting the America we all love.” “Big congratulations to our 45th and now 47th

By Matt Egan, CNN New York (CNN) — Donald Trump didn’t just win the White House. He also grew richer Wednesday. Truth Social owner Trump Media & Technology Group, Trump’s social media company, initially skyrocketed in value after CNN and other media outlets projected Trump won Tuesday’s presidential election. Trump Media’s stock, which trades under

By Chris Isidore, CNN New York (CNN) — No single business leader did more to support former President Donald Trump’s candidacy than Elon Musk. But the billionaire and his business empire face both positives and negatives after Trump won back the presidency in Tuesday’s election. Musk has donated nearly $119 million so far to a

By David Goldman, CNN New York (CNN) — US stocks rocketed higher Wednesday following a decisive and consequential victory for former President Donald Trump in Tuesday’s US presidential election. The massive rally kicked off in premarket trading and continued through the morning and afternoon trading sessions. The Dow soared by 1,507 points, or 3.57%, to

By Hadas Gold and Kristen Holmes, CNN New York (CNN) — Journalists from multiple news organizations have been denied credentials to former President Donald Trump’s election night watch event in West Palm Beach, Florida, in retaliation for their coverage of Trump’s campaign. Reporters at Politico, Axios, Puck and Mother Jones were among those denied credentials.

By Matt Egan, CNN New York (CNN) — Former President Donald Trump’s social media company was temporarily halted – twice – after a sudden and precipitous plunge on Election Day following a massive surge. Shares of Truth Social owner Trump Media & Technology Group, which trades under the symbol “DJT,” briefly turned negative after spiking

By Jordan Valinsky, CNN New York (CNN) — Bernard “Bernie” Marcus, the billionaire Home Depot cofounder and a Republican megadonor, who in recent years became an outspoken supporter of former President Donald Trump, has died, the company announced Tuesday. He was 95. “The entire Home Depot family is deeply saddened by the death of our

By Anna Cooban, CNN London (CNN) — Hundreds of Oasis fans are looking back in anger after falling victim to a “landslide” of ticket selling scams. The fans have lost £346 ($449) on average to fraudsters ahead of the British band’s reunion tour next year, with some losing as much as £1,000 ($1,298), UK lender

By Jordan Valinsky, CNN New York (CNN) — One of the biggest gifts this holiday season won’t fit under the tree, the chimney or even in some homes. Televisions that measure 97 inches (and more) diagonally across – a.k.a. XXL TVs – are becoming a huge hit as the cost of giant screens sinks sharply,

By Nicole Goodkind, CNN New York (CNN) — US stocks moved higher Tuesday as Americans cast their vote in a tight presidential race. The Dow was up by around 380 points, or 0.9%; the S&P 500 was 1% higher and the Nasdaq Composite gained 1.4% by mid-afternoon Tuesday. Treasury yields also rose, with the 10-year

By John Towfighi, CNN (CNN) — Warren Buffett’s Berkshire Hathaway has over $325 billion in cash on hand. But Buffett is in no rush to spend that on his own company’s stock. Berkshire Hathaway (BRK.A) did not buy back any of its own shares in the third quarter, ending a six-year-long streak of stock buybacks,

By Chris Isidore, CNN New York (CNN) — Striking workers at embattled plane maker Boeing voted Monday to accept the company’s most recent offer, ending the costliest strike in the United States in more than 25 years. The International Association of Machinists (IAM) said rank-and-file members voted by 59% to approve the deal. IAM members

By Clare Duffy, CNN (CNN) — Elon Musk on Monday held a digital version of the town-hall-style rallies he has hosted on behalf of former President Donald Trump. But the event on X ended just a few minutes after it started, when Musk encountered technical difficulties. The event began streaming more than 20 minutes after

By David Goldman, CNN (CNN) — Shares of former President Donald Trump’s social media company roared higher on the final day before the US presidential election. Trump Media & Technology Group (DJT), the parent company of Truth Social, surged 12% Monday. There was no apparent catalyst for the increase. The stock has been highly volatile

By Samantha Delouya, CNN (CNN) — A record number of Americans in 2024 used an inheritance to help finance a down payment on their first home. That’s according to a new survey from the National Association of Realtors, which found Americans who bought homes for the first time between July 2023 and June 2024 were