Money

By Jeanne Sahadi and Parker Leipzig, CNN (CNN) — Like many adults, a lot of teenagers don’t know what they want to do when they grow up. Even when they think they do, they may not have a realistic grasp of whether a given occupation or job is likely to be economically viable for them

By Brian Fung, CNN (CNN) — The Federal Trade Commission on Monday sued to prevent Microsoft and Activision-Blizzard from closing their $69 billion merger. The filing asks the US District Court for the Northern District of California for a temporary restraining order that could keep the companies from consummating the acquisition while the FTC’s in-house

By Nicole Goodkind, CNN New York (CNN) — The US economy has been surprisingly resilient this year, but painful bumps are likely coming, said Goldman Sachs CEO David Solomon in an interview with CNBC on Monday morning. “I think we’re at an uncertain moment,” said Solomon of his current economic outlook. “I think it’s a

By Matt Egan, CNN Business New York (CNN Business) — Baby Boomers are living it up, splurging on cruises and restaurants. Younger Americans are struggling just to keep up. Bank of America internal data shows a “significant gap” in spending has opened recently between older and younger generations. While Baby Boomers and even Traditionalists (born

By Oliver Darcy, CNN Business (CNN) — Fred Ryan, the publisher and chief executive of The Washington Post who oversaw the newspaper through several tumultuous years, announced on Monday that he will step down from his position after nearly a decade at the helm. Ryan, who previously worked for former President Ronald Reagan, said he

By Anna Cooban, CNN London (CNN) — Silvio Berlusconi, the billionaire former prime minister of Italy, died Monday, leaving behind a sprawling business empire. How Berlusconi’s wealth, built through the ownership of some of Italy’s most recognizable companies, including successful soccer club AC Milan, will be split between his five children is not yet clear.

By Alicia Wallace, CNN Minneapolis (CNN) — Americans are optimistic about inflation being lower in the coming months; however, their future outlooks — for price hikes as well as their own finances — are a little more clouded. Consumers’ near-term inflation expectations fell in May to their lowest level in two years, according to new

Story by Jackie Wattles and Video by Moss Cohen, CNN El Segundo, California (CNN) — For years, the private sector has envisioned an illustrious future in space — an extraterrestrial playground with tourists flying to and from orbiting hotels and the occasional trip to Mars being as easy as a transatlantic flight. But if the

By Jordan Valinsky, CNN New York (CNN) — The Slurpee, an iconic 7-Eleven frozen drink, is getting a makeover. Don’t worry, the recipe isn’t changing. But the cups are. Beginning Monday, the new look will include “eccentric colors and eclectic vibes” and feature a new Slurpee logo and a large “S” that resembles the swirly

By Chris Isidore and Lauren del Valle, CNN New York (CNN) — JPMorgan Chase has agreed to pay $290 million to settle a class-action lawsuit from Jeffrey Epstein’s sexual abuse victims, according to David Boies, one of the victims’ attorneys. The victims had accused the bank of enabling sex trafficking by the deceased financier when

By Brian Fung, CNN (CNN) — Thousands of Reddit forums are going dark Monday in one of the largest user-driven protests ever to hit the social media platform. The voluntary blackouts, which restrict groups’ content from being publicly visible, affect Reddit’s largest online communities, including popular groups devoted to music, history, sports, and video games.

By Chris Isidore, CNN New York (CNN) — Billionaire George Soros, a leading philanthropist and contributor to liberal political causes, has tapped his 37-year old son Alexander Soros to lead his charitable Open Society Foundations and political action committee, a foundation spokesperson confirmed. In an interview with the Wall Street Journal Sunday, Alexander Soros revealed

By Anna Cooban, CNN London (CNN) — Goldman Sachs has slashed its forecast for oil prices by nearly 10%, citing weak demand in China and a glut of supply from sanctioned countries, including Russia. The Wall Street bank now thinks Brent crude, the global oil benchmark, will cost $86 a barrel in December, compared with