Money

By Jeanne Sahadi, CNN (CNN) — If keeping up with tax changes in the law were a sport, 2017 and 2025 might be considered the Tax Olympics. Recall that during the first year of President-elect Donald Trump’s first term, lawmakers defied the odds and passed the largest overhaul of the tax code in more than

By Hanna Ziady, CNN London (CNN) — Germany’s economy, the largest in Europe, contracted for the second year in a row in 2024, official data showed Wednesday, underscoring the challenges facing the region as it tries to get economic growth back on track. Germany’s gross domestic product fell 0.2% last year, according to the country’s

By Jordan Valinsky, CNN New York (CNN) — There’s no better example of having a case of Mondays than the day after the Super Bowl. Coors Light announced Wednesday that it’s temporarily changing its name to “Mondays Light” in an attempt to “bring chill to one of the worst Mondays of the year” by selling

By Chris Isidore, CNN New York (CNN) — There’s a good chance your car knows all about you. Where you’ve been. How fast you drive. If you could’ve been a little easier on the brakes. Even what you look like, thanks to cameras pointed right at your face. This kind of data collection has been

By Tami Luhby, CNN (CNN) — Pharmacy benefit managers, which serve as the middlemen between drug makers, insurers and pharmacies, reaped $7.3 billion in revenue from marking up the prices of dozens of specialty generic drugs between 2017 and 2022, the Federal Trade Commission said in an interim report issued Tuesday. The practice came at

By Matt Egan and Paul P. Murphy, CNN (CNN) — The Colonial Pipeline has temporarily shut its main gasoline line – America’s largest fuel pipeline – because of leak in Georgia, the pipeline’s operator and local officials said. Line 1 of the 5,500-mile Colonial Pipeline had a “gasoline release,” according to Stephen Dooley, Paulding County

By Ramishah Maruf and Clare Duffy, CNN New York (CNN) — Meta is aiming to cut about 5% of what it calls its “lowest performers” with plans to backfill those roles later this year, the company confirmed on Tuesday. Those jobs cuts could affect about 3,600 workers, based on Meta’s latest quarterly report citing a

By Jordan Valinsky, CNN New York (CNN) — Brown-Forman, the parent company of Jack Daniel’s whiskey and Woodford Reserve bourbon, is laying off approximately 12% of its 5,400 employees amid a downturn in spirits sales. The Louisville-based company has hiked prices in recent years to offset inflation and shield itself from the rising costs of

By Chris Isidore, CNN New York (CNN) — Boeing had a decent orderbook in December to cap a very bad year. But its deliveries for the month show it continues to struggle to rebound from the crippling strike earlier in the fall. The company said it had 142 gross orders in the month, mostly for

Al Goodman, CNN Madrid (CNN) — Spain’s prime minister is pushing for far-reaching action to ease the nation’s housing crunch, including a tax of up to 100% on property purchases by non-European Union buyers. “There are too many Airbnbs. What’s lacking is housing,” Pedro Sanchez said Monday as he put forward a raft of new

By Brian Stelter, CNN New York (CNN) — Rashida Jones is stepping down as president of MSNBC and one of her top lieutenants, Rebecca Kutler, is taking over as interim network president. The change atop the progressive news network comes as its corporate parent, Comcast, prepares to spin off MSNBC and other cable channels into

By Brian Stelter, CNN New York (CNN) — There’s a new “Trump bump” materializing for some news outlets, though it’s showing up differently than it did the first time Donald Trump was elected president. That’s the assertion from The Guardian, the British newspaper with an ambitious American arm. According to internal data shared with CNN,

By Alicia Wallace, CNN (CNN) — There appears to be some welcome news on the US inflation front. Price hikes on the wholesale level were much tamer than anticipated in December, according to the latest Producer Price Index released Tuesday, indicating that inflation might not be reaccelerating as much as feared. However, Tuesday’s positive PPI

CNN By Chris Isidore, CNN New York (CNN) — Martin Johnson and his fiancé, Celeigh Chapman, had spent several years restoring and renovating their home in Altadena by hand. It took only hours to lose the home and everything in it last week. “We didn’t have a kitchen for a year and a half. We

By Eric Cheung, Joyce Jiang and Hassan Tayir, CNN Hong Kong (CNN) — As Supreme Court justices ponder the future of TikTok in the United States, a growing number of American social media users have responded by moving to an unlikely alternative: Xiaohongshu, a hugely popular social media app in China. The app, which means

By Vanessa Yurkevich, CNN New York (CNN) — American food markets are running short on eggs, and the situation may not improve for months. The highly contagious avian influenza has wreaked havoc on the egg market. In November and December alone, 17.2 million egg-laying hens died as a result of the virus. That’s nearly half