Money

By David Goldman, CNN (CNN) — Ford on Wednesday acknowledged America’s electric vehicle market just isn’t what the automaker expected it to be: Customers are increasingly price-conscious and range-anxious. So, Ford is making big changes to its EV plans, focusing on hybrids and affordability. The company announced Wednesday that it is adjusting its roadmap for

By Nathaniel Meyersohn, CNN New York (CNN) — US consumers, strained by years of higher prices and elevated interest rates, are changing their shopping patterns. Americans are buying more at discount chains like Target and Walmart while dialing back spending at Macy’s and Lowe’s. Target’s sales at stores open at least one year increased 2%

By Hanna Ziady and Hassan Tayier, CNN London/Hong Kong (CNN) — Beijing is investigating whether dairy producers in the European Union receive unfair government subsidies, marking the latest salvo in an escalating trade dispute. China’s Ministry of Commerce said Wednesday that local dairy producers had requested the probe, citing 20 different subsidy programs that may

By Jeanne Sahadi, CNN New York (CNN) — A recent analysis by Morningstar’s Center for Retirement and Policy Studies projects that 45% of US households run the risk of falling short financially if they retire at 65 — or 54%, if they retire at 62. So many workers today have largely been on their own

By Hazel Pfeifer, CNN Tashkent, Uzbekistan (CNN) — A landlocked country in the heart of Central Asia, Uzbekistan has long been fueled by agriculture and manufacturing. But a growing economy and younger population are leading to an expansion of the country’s creative industries. The government has been investing heavily in a series of ambitious arts

By Sabrina Souza, CNN New York (CNN) — The majority of Columbia students arrested during protests over Israel’s war in Gaza will be returning to school this fall. Dozens of students arrested and placed on interim suspension in the spring will return to campus and enroll in classes while awaiting disciplinary hearings. That’s according to a report released Monday by

By Matt Egan, CNN New York (CNN) — Supermarket chain Kroger is suing a federal agency in a daring move that aims to weaken how Washington fights mergers that threaten to jack up prices on consumers. The lawsuit alleges the Federal Trade Commission is violating the US Constitution by using an in-house tribunal to challenge

By Ramishah Maruf and Elizabeth Wagmeister, CNN New York (CNN) — Alex Cooper, the host of the popular, unfiltered sex and relationship podcast “Call Her Daddy,” is ending her own relationship — with Spotify. Cooper signed an agreement with SiriusXM, giving the platform exclusive advertising and distribution rights, as well as other content and events.

By Hanna Ziady, CNN London (CNN) — The European Union may have just given Tesla’s future sales in the region a boost by setting tariffs on its China-made vehicles considerably below those imposed on rival electric carmakers. The high-profile decision comes two months after the EU hiked tariffs on all electric cars imported from China,

By Rashard Rose, CNN (CNN) — Former President Donald Trump attempted in a new interview to soften previous comments he made about exerting direct control over the Federal Reserve, including setting rates. “A president certainly can be talking about interest rates because I think I have very good instincts,” Trump said in an interview Monday with

By Jordan Valinsky, CNN New York (CNN) — The launch of Boeing’s long-delayed 777X aircraft has encountered another problem, forcing the company to pause testing and dealing yet another blow to Boeing’s reputation for quality. Boeing discovered problems in a structural component between the engine and the plane’s wings in a test flight. Boeing said

By Hanna Ziady and Barbie Latza Nadeau, CNN London (CNN) — British tech tycoon Mike Lynch, Morgan Stanley International director Jonathan Bloomer, and Chris Morvillo, a prominent American lawyer, are among six people still missing after a tornado hit a luxury yacht off the coast of Sicily. The vessel sank Monday — killing one of

By Ramishah Maruf, CNN New York (CNN) — The price of a bar of gold is worth a million dollars for the first time, thanks to soaring prices for the precious metal. The price of spot gold reached more than $2,500 per troy ounce Friday, hitting a record high. The average gold bar weighs 400

By Jessie Yeung and Jon Passantino, CNN (CNN) — Disney has reversed course on a wrongful death lawsuit brought by the widower of a woman who died after eating at a resort restaurant, saying the matter can now proceed to court. Previously, Walt Disney Parks and Resorts had argued in court documents that the widower’s

By Ramishah Maruf, CNN New York (CNN) — BurgerFi, the fast-casual burger chain and owner of Anthony’s Coal Fired Pizza, is running out of cash – and options. The company said it may need to file for bankruptcy. The company said it had just $4.4 million on hand as of August 14. It also expects

By Alicia Wallace, CNN (CNN) — The shape of the US labor market is changing, job growth is slowing and new survey data released Monday shows that Americans are starting to feel increasingly unsettled about it all. The Federal Reserve Bank of New York’s latest survey on consumers’ labor market experiences and expectations showed that