Money

By Jordan Valinsky, CNN New York (CNN) — Jersey Mike’s Subs is selling a significant stake to private equity giant Blackstone, ending its nearly seven-decade run as an independently owned business that transformed into a major competitor against well-entrenched brands like Subway. Blackstone announced Tuesday that it has acquired a “majority ownership position” in Jersey

By Nathaniel Meyersohn, CNN New York (CNN) — Walmart’s business is surging. Customers making more than $100,000 a year are fueling the growth. Walmart’s US sales at stores open for at least a year grew 5.3% last quarter compared with the year prior, the company said Tuesday, and its profit grew 8.2% last quarter. Walmart

By Auzinea Bacon and John Towfighi, CNN New York (CNN) — A banana duct-taped to a wall first sold in 2019 for $120,000. It could fetch up to $1.5 million this week during a Sotheby’s auction. More than 1,600 auction lots this week are estimated to fetch more than $1 billion — including Maurizio Cattelan’s

By Liam Reilly, CNN New York (CNN) — Young American adults are increasingly getting their news from social media influencers, a majority of whom are men and lean to the right, according to a new study from the Pew Research Center. While one-fifth of US adults reported “regularly” receiving their news from online “news influencers”

By Brian Stelter, CNN New York (CNN) — The news was so shocking that some “Morning Joe” viewers probably spit out their coffee. MSNBC co-hosts Joe Scarborough and Mika Brzezinski “went to Mar-a-Lago to meet personally” with President-elect Donald Trump, Brzezinski revealed at the beginning of Monday’s show. The Friday rendezvous was “the first time

By Brian Stelter, CNN New York (CNN) — President-elect Donald Trump’s pick for chairman of the Federal Communications Commission, Brendan Carr, wasted no time in stating his priorities on Sunday night. Just one hour after thanking the president for the appointment, Carr wrote on X, “We must dismantle the censorship cartel and restore free speech

By Nathaniel Meyersohn, CNN New York (CNN) — Tropicana customers are in revolt over an orange juice bottle redesign. Again. Tropicana recently ditched its distinct orange juice in clear, plastic circular-shaped bottles with a thinning neck and a crown-like bottle cap, known as a carafe. Over the summer, it rolled out a more traditional-looking plastic

By Liam Reilly, CNN New York (CNN) — Famed pollster J. Ann Selzer will end her election polling operation after her final survey for The Des Moines Register failed to accurately capture former President Donald Trump’s strong support in the 2024 election, resulting in a 16-point miss. Selzer’s announcement comes after the Register in its

By Bryan Mena, CNN Washington (CNN) — Enjou Chocolat, a small business in Morristown, New Jersey, is still feeling the pain of inflation these days — from soaring cocoa prices to increased labor expenses. As a result, the chocolate shop, which employs just under two dozen employees, recently raised the prices of many treats for

By Liam Reilly, CNN New York (CNN) — Warner Bros. Discovery will settle its lawsuit against the NBA and announce it has struck a deal with Disney to exclusively license its beloved TNT show “Inside the NBA” starting next season, a person familiar with the matter told CNN. WBD filed the lawsuit against the NBA

By David Goldman, Kayla Tausche, Elisabeth Buchwald and Tami Luhby, CNN (CNN) — As Donald Trump privately considers his team to lead America’s economy during his term, Elon Musk has put his thumb on the scale, urging followers on X to help make a public push for a candidate who won’t be “business as usual”

By Erika Tulfo, CNN (CNN) — A massive, multi-story building in the Washington, DC, neighborhood of Georgetown welcomed back a former occupant this month that had been gone for over a decade. In a move that’s perhaps more symbolic than business-minded, Barnes & Noble, America’s largest retail bookseller, has reclaimed the flagship store it vacated

By Chris Isidore, CNN New York (CNN) — It’s called sticker shock. And if you haven’t been to a dealer’s showroom since before the pandemic, you might want to prepare yourself. Americans paid a whopping $47,612 on average for a new car in October, according to data from Edmunds. That’s a jump of almost $10,000

By John Towfighi, CNN (CNN) — President-elect Donald Trump promised Americans he’d bring down consumer prices, make health care more affordable and protect Social Security. Now he has to follow through. Concerns about inflation and the cost of living were central to Trump’s victory in the US presidential election. According to CNN exit polls, 68%

By Jordan Valinsky, CNN New York (CNN) — McDonald’s is spending $100 million on marketing and to help franchises most heavily affected by a recent E. coli outbreak that has sickened more than 100 people and damaged sales. In a memo sent to employees and obtained by CNN, McDonald’s is spending $35 million on marketing,

By Chris Isidore, CNN New York (CNN) — The $7,500 tax credit for buyers of electric vehicles could be vanishing early in the new Trump administration, but that might actually be good news for Tesla and its CEO Elon Musk, one of President-elect Donald Trump’s most prominent backers. While the US tax credit goes to

By Amy Gunia, CNN (CNN) — Climate change is impacting urban areas especially hard, and densely populated cities are suffering the most. The urban heat island effect means that city temperatures can be several degrees higher than nearby rural regions. That’s because materials like concrete and asphalt absorb and radiate heat. Vehicles and air-conditioning units