Money

By Matt Egan, CNN New York (CNN) — Surging import costs. Mounting payroll and healthcare expenses. A shortage of affordable loans. And a stressed-out workforce. Small businesses are facing mounting pressure from America’s affordability crisis. Doug Scheffel, owner of a family-run ETM Manufacturing in Massachusetts, laid off about a quarter of his employees in April

By John Towfighi, CNN New York (CNN) — Bitcoin and stocks are in a bout of volatility — and investors say more turbulence could be in store. US stocks closed lower Tuesday, extending a recent tumble. The Dow fell 499 points, or 1.07%. The S&P 500 fell 0.83%. The tech-heavy Nasdaq Composite slid 1.21%. The

By John Towfighi, CNN New York (CNN) — Wall Street kicked off the week on a sour note, with stocks and bitcoin tumbling as a risk-off attitude spread through markets. The Dow closed lower by 557 points, or 1.18%. The broader S&P 500 fell 0.92%. The Nasdaq Composite fell 0.84%. Wall Street’s fear gauge, the

By Issy Ronald, CNN (CNN) — Subscription TV company Sky Sports has scrapped its new TikTok account targeting female sports fans after just three days, after the style and tone of its videos faced backlash. Social media users labeled the account “condescending,” “patronizing” and “sexist,” accusing it of perpetuating the problems it purported to address.

By Jordan Valinsky, CNN New York (CNN) — Two of America’s most embattled retail chains are working together to drum up some excitement from customers this holiday season. They sure could use it. Beginning Monday, a Frozen Peppermint Hot Chocolate drink will be available exclusively at Starbucks cafés inside Target stores. The vast majority of

By Auzinea Bacon, CNN (CNN) — Lionsgate Films’ “Now You See Me: Now You Don’t” stole the show at the domestic box office this weekend. The third installment of the “Now You See Me” franchise earned $21.3 million. The first “Now You See Me” opened in 2013 to more than $29 million, according to Box

UNIVERSAL PICTURES, PARAMOUNT PICTURES, 20TH CENTURY STUDIOS, LIONSGATE MOVIES, CNN By Auzinea Bacon, CNN (CNN) — Lionsgate Films’ “Now You See Me: Now You Don’t” stole the show at the domestic box office this weekend. The third installment of the “Now You See Me” franchise earned $21.3 million. The first “Now You See Me” opened

By Auzinea Bacon, CNN (CNN) — Treasury Secretary Scott Bessent said Sunday that President Donald Trump’s proposal to issue $2,000 tariff rebate checks to most Americans would require Congress’ approval. “We will see. We need legislation for that,” Bessent said on Fox News’ “Sunday Morning Futures” when asked about rebate checks, adding that “Those could

By Hadas Gold, CNN San Francisco (CNN) — Just blocks from the Presidio of San Francisco, the national park at the base of the Golden Gate Bridge, stands a gleaming white building, its façade adorned with eight striking gothic columns. But what was once the home of a Christian Scientist church, is now the holy

By Clare Duffy, CNN New York (CNN) — An unassuming circular pendant slightly larger than a quarter has been at the center of a massive uproar. The chief executive behind it isn’t fazed. Avi Schiffmann, 23, created the Friend pendant to be an artificial intelligence companion for users. He was inspired after realizing that, while

By Gordon Ebanks, CNN (CNN) — Dr. Adriana Kugler, a former member of the Federal Reserve Board of Governors who abruptly announced her resignation in August, broke the central bank’s trading rules, according to a report released Saturday by the US Office of Government Ethics. That disclosure shows violations of purchasing stocks and making those

By Hanna Park, CNN (CNN) — A Georgia player has won an estimated $980 million Mega Millions jackpot on Friday, the eighth-largest prize in the game’s history, according to the lottery. The winning ticket matched all six winning numbers: 1, 8, 11, 12, 57, and Mega Ball 7. The win ends a 40-drawing streak without

By Liam Reilly, CNN (CNN) — Disney and YouTube TV struck a multi-year deal late Friday to get the entertainment giant’s content back onto the streaming site, ending the two-week blackout that spanned a historic election night. The new carriage deal means Disney sports, entertainment and news programming, such as ESPN and ABC, will return

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump on Friday signed an executive order that retroactively lowers tariffs on beef, tomatoes, coffee and bananas, among other agricultural imports, backdated to Thursday. The order Trump signed excludes the goods from “reciprocal” tariff rates, which start at 10% and go as high as 50%. However, the

By Alicia Wallace, CNN (CNN) — The US government has reopened following its longest-ever shutdown, setting the stage for the eventual release of the gold-standard federal data that is crucial in analyzing the health and trajectory of the nation’s economy. Data nerds (and government officials, and Federal Reserve policymakers, and business owners, and, well, everyone