Money

By John Towfighi and David Goldman, CNN New York (CNN) — Brian Thompson, the CEO of UnitedHealthcare, who was fatally shot in Midtown Manhattan on Wednesday in what New York police called a “brazen, targeted attack,” was a longtime leader in Corporate America, a model student and star high school athlete – and he had

By Bryan Mena, CNN Washington (CNN) — Federal Reserve Chair Jerome Powell said Wednesday that the US economy’s strength means the central bank can show some restraint with cutting interest rates. “The US economy is in very good shape, and there’s no reason for that not to continue,” Powell said at an event hosted by

By Nathaniel Meyersohn, CNN New York (CNN) — President-elect Donald Trump’s tariff plans may change what products customers can find on Dollar Tree’s shelves – and push the chain to increase prices again. The discount retailer said on its earnings call Wednesday that Trump’s plans to tax imported goods may lead it to alter some

By Elisabeth Buchwald and Brian Fung, CNN New York (CNN) — The crypto and tech communities finally have some clarity on who they’ll potentially answer to over the next four years. On the crypto front, President-elect Donald Trump plans to nominate Paul Atkins to lead the Securities and Exchange Commission. He is expected to regulate

By Jordan Valinsky, CNN New York (CNN) — Chi-Chi’s, the Mexican restaurant chain that closed 20 years ago, is staging a comeback. Hormel Foods, current owner of the Chi-Chi’s trademark, announced Tuesday it’s letting Michael McDermott, son of the chain’s co-founder, use the fabled name to reopen restaurants in 2025. Specific locations, menu items and

By Ramishah Maruf, CNN New York (CNN) — Intel may have ousted CEO Pat Gelsinger, but he’s leaving the company with a significant payday. He’s set to receive 18 months of his base annual salary of $1.25 million, according to a filing with the Securities and Exchange Commission. He will also receive 1.5 times his

By Chris Isidore, CNN New York (CNN) — Elon Musk isn’t getting the $101 billion windfall he so desperately wanted. But he’s still among the richest people on the planet and poised to get much richer in the coming years. Delaware Chancery Court Chancellor Kathaleen McCormick again threw out a 2018 pay package from Tesla

By Matt Egan, CNN New York (CNN) — The owner of “woke-free” online marketplace PublicSquare exploded in value on Tuesday on news that Donald Trump Jr. is joining the tiny company’s board of directors. Michael Seifert, the founder and CEO of PublicSquare’s parent company, PSQ Holdings, confirmed the arrival of Trump Jr. on the board

By Brian Stelter, CNN New York (CNN) — What’s a media outlet supposed to do when its longtime host is picked to run the Pentagon, and then a series of eyebrow-raising news stories trigger doubts about his appointment? If you’re Fox News, evidently, you just pretend the stories don’t exist. Fox News, which employed Pete

By Jordan Valinsky, CNN New York (CNN) — Your next visit to a Pizza Hut might remind you of Chipotle. The chain on Tuesday unveiled a new design concept that features a pizza-making station at the center of the restaurant, allowing customers to see employees make their orders. It’s part of broader changes Pizza Hut

By Matt Egan, CNN New York (CNN) — President-elect Donald Trump has promised to expel millions of undocumented people as part of the biggest deportation program in American history. But Wall Street doesn’t believe the looming immigration crackdown will live up to Trump’s campaign trail hype. Although investors expect immigration will slow significantly during Trump’s

By Juliana Liu, CNN (CNN) — President-elect Donald Trump has again indicated that he intends to block a Japanese firm’s $15 billion takeover bid of US Steel upon taking office, saying the former American giant can eventually stand on its own. “Through a series of Tax Incentives and Tariffs, we will make U.S. Steel Strong

By Juliana Liu and Sean Lyngaas, CNN Hong Kong/Washington (CNN) — The Chinese government has slammed America’s introduction of fresh export controls on US-made semiconductors that Washington fears Beijing could use to make the next generation of weapons and artificial intelligence (AI) systems. The new measures, unveiled by the outgoing Biden administration, have raised the

By Samantha Delouya, CNN (CNN) — Elon Musk’s record-breaking pay package for serving as Tesla’s CEO was rejected by a Delaware court, despite being approved by Tesla shareholders at a June meeting. The pay package, now worth around $101 billion based on Tesla’s closing share price Monday, is made up of 303 million Tesla stock

By Ramishah Maruf, CNN New York (CNN) — Cargill, the megasized Minnesota-based food production giant, is laying off about 5% of its global workforce as food commodity prices drop. Cargill is America’s largest privately held company, according to Forbes, and is also the world’s largest agricultural commodities trader. In a statement to CNN on Monday,