Money

By Jordan Valinsky, CNN New York (CNN) — Americans aren’t getting their Big Mac fix at McDonald’s anymore. They’re going to Chili’s instead. Brinker International, Chili’s parent company, reported a nearly 15% in jump in same-store sales and increase of almost 6% in traffic for the most recent quarter thanks in part to a promotion

By Alicia Wallace, CNN (CNN) — Price hikes slowed more than expected in July, and, for the first time in more than three years, the Consumer Price Index has landed below 3%. That paves the way for the Federal Reserve to cut rates next month after a yearslong battle with inflation that sent rates spiking

By Jordan Valinsky, CNN New York (CNN) — A man suing Walt Disney Parks and Resorts for the wrongful death of his wife is facing a new legal hurdle: Disney is trying to get it thrown out of court and sent to arbitration — because he signed up for Disney+ years earlier. Court documents show

By Hanna Ziady, CNN London (CNN) — Mars has agreed to buy Kellanova in a deal that values the maker of Cheez-It and Pringles at almost $29 billion. Kellanova said in a regulatory filing that its shareholders would receive $83.50 per share in cash, a 33% premium to the stock’s closing price on August 2,

By Tami Luhby, CNN (CNN) — Until last year, Janet Albrecht could afford to eat roast beef sandwiches or tuna salad for lunch. But the widowed 78-year-old now has to skimp on her meals because her Social Security benefits haven’t kept up with the rising costs for food, housing and health care in recent years.

By Nathaniel Meyersohn, CNN New York (CNN) — In 2018, Chipotle was reeling from food safety fears after an E. coli outbreak, restaurants were considered messy, and new menu items like queso weren’t landing with customers. The company turned to Brian Niccol to solve its mountain of problems. Niccol had previously led a turnaround effort

By Jon Passantino and Liam Reilly, CNN (CNN) — In the hours after President Joe Biden’s historic decision to step aside from the 2024 presidential race last month, journalists across three major US newsrooms began receiving emails from an anonymous person claiming to have tantalizing new information about the election. The individual, who identified themself

CNN By Jon Passantino and Liam Reilly, CNN (CNN) — In the hours after President Joe Biden’s historic decision to step aside from the 2024 presidential race last month, journalists across three major US newsrooms began receiving emails from an anonymous person claiming to have tantalizing new information about the election. The individual, who identified

By Chris Lau and Hassan Tayir, CNN Hong Kong (CNN) — During China’s go-go years, young couples holding enormous bouquets of roses were a familiar sight during the Qixi Festival, an ancient holiday celebrating love and loyalty. People would flock to social media to show off brand-new iPhones and Louis Vuitton handbags gifted by their partners,

By Ramishah Maruf, CNN New York (CNN) — Texas Attorney General Ken Paxton sued General Motors Tuesday, alleging the carmaker illegally collected and sold drivers’ data to insurance companies without their consent or knowledge, according to a release from the AG’s office. General Motors is the first car manufacturer to be hit with a lawsuit

CNN By Erika Tulfo, CNN (CNN) — Despite sweltering August temperatures, more stores are rolling out products in what was once the quintessential fall flavor: pumpkin spice. IHOP will launch its fall-themed lineup on September 1, including pumpkin spice pancakes, pumpkin spice cold foam cold brew and maple pumpkin cheesecake-flavored pancakes. And Krispy Kreme unveiled

By Liam Reilly, CNN New York (CNN) — Comcast and NBCUniversal are taking home their own Olympic gold. The 2024 Summer Olympics in Paris drew a combined average of 30.6 million viewers across NBCU’s constellation of platforms, marking an 82% jump in viewership compared to the Tokyo Games and making the Games the most-streamed Olympics of all time. The media giant on Monday shared that its coverage saw a whopping 23.5 billion minutes of

By Jordan Valinsky, CNN New York (CNN) — Big Lots is closing more than 300 locations across the United States, or roughly a quarter of its stores, following an earlier warning that its future was in “substantial doubt” amid ongoing financial troubles. The discount retailer previously said it planned to close as many as 40

By Chris Isidore, CNN New York (CNN) — Boeing posted a rare win over Airbus in July orders for new planes, but it still badly trails its rival in orders so far this year, as safety concerns continue to dent the company’s reputation. The embattled aircraft maker reported it took in gross orders for 72

By Angelica Chiara Yazbeck London (CNN) — A record-breaking series of auctions of King Charles III banknotes has raised £914,127 ($1.2 million) for 10 UK charities, according to the Bank of England. The banknotes, auctioned by Spink & Sons over the summer, sold for 11.7 times their face value of £78,430 ($100,318), as collectors snapped

By Alicia Wallace, CNN (CNN) — US wholesale inflation slowed as expected in July, easing after an unexpected flare-up the month before. That sets the stage for an even more crucial reading on price hikes due out Wednesday. The Producer Price Index, a measurement of average price changes seen by producers and manufacturers, was 2.2%

By Jordan Valinsky, CNN New York (CNN) — The Starbucks CEO revolving door keeps spinning as the company struggles with sinking sales. Laxman Narasimhan is stepping down immediately after just a year in the role, the company announced Tuesday. The struggling coffee chain has tapped Chipotle CEO and corporate fix-it man Brian Niccol to be its new chairman

By David Goldman, CNN (CNN) — Elon Musk said an attack on X delayed his interview with former President Donald Trump by 42 minutes. But Musk also blamed mistakes by X’s staff for the snafu that prevented people from joining the stream. “Given the prominence of this conversation, there was of course a 100% probability

By Nathaniel Meyersohn, CNN New York (CNN) — Home Depot says consumers are feeling crummy about the economy, and they’re dishing out less on major home renovation projects. The home improvement giant, a bellwether of consumer spending and the housing market, lowered its sales expectations for the year. It said customers were spending less on