Money

Analysis By Hanna Ziady, CNN London (CNN) — Germany narrowly escaped a recession in the third quarter, official data showed Wednesday, offering some relief to Europe’s biggest economy as its fortunes falter. Gross domestic product rose 0.2% in the July-to-September period driven by an increase in government and household spending, following a 0.3% contraction in

By Simone McCarthy, CNN (CNN) — China has a new richest person – and it’s the entrepreneur behind the wildly popular, and controversial, app TikTok. Zhang Yiming, 41, co-founder of TikTok’s parent company ByteDance, topped the 2024 Hurun China Rich List, released Tuesday. His wealth reached $49.3 billion, as assessed by research, media and investment

By Jordan Valinsky, CNN New York (CNN) — Starbucks is eliminating its controversial olive oil-infused drinks from the menu, less than a year after they made their nationwide debut. The lineup of “Oleato” drinks will be eliminated from Starbucks’ menus in the US and Canada beginning in early November, part of the chain’s broader plans

By Liam Reilly, CNN New York (CNN) — Gannett, owner of the nation’s largest newspaper chain, announced that its more than 200 publications, including USA Today, will not publish presidential endorsements in the run-up to the November 5 election. In a statement, Gannett said that while its USA Today Network of publications nationwide will not issue presidential endorsements this year, the outlets may still endorse candidates at the

By Bryan Mena, CNN Washington (CNN) — Americans are emerging from a yearslong funk about the economy, with the presidential election just a week away. The Conference Board’s latest consumer survey showed that Americans this month became more optimistic about the future of both the labor market and the broader US economy. The monthly survey’s

By Alicia Wallace, CNN (CNN) — In the next four days, a fire hose of data will be unleashed, providing crucial snapshots of the US economy in advance of a pivotal election and a Federal Reserve meeting. The first burst on Tuesday — a critical read on activity within the jobs market — showed that

By Jordan Valinsky, CNN New York (CNN) — CNN says a right-wing commentator will not be welcomed back on air after he made a racist remark on “CNN NewsNight with Abby Phillip.” On Monday’s prime time show, after Muslim journalist Mehdi Hasan stated that he supports Palestinians, conservative commentator Ryan Girdusky responded, “I hope your

By Jon Passantino and Liam Reilly, CNN (CNN) — The Washington Post owner Jeff Bezos, in his first public comments since igniting uproar last week over his decision to withhold the venerable newspaper’s endorsement in the presidential race, defended the move in a rare op-ed published Monday evening by the Post. “Presidential endorsements do nothing

By John Towfighi, CNN (CNN) — Apple Intelligence launched on Monday, but the rollout is just a glimpse of how Apple hopes to transform its products with artificial intelligence. The tech giant unveiled initial features of Apple Intelligence — its suite of AI tools — on select devices with its latest software update for iPhones,

By Pete Muntean, CNN (CNN) — Airlines in the United States are now required to give passengers cash refunds if their flight is significantly delayed or canceled, even if that person does not explicitly ask for a refund. The Department of Transportation says the final federal rule requiring that airlines dole out refunds — not

By Liam Reilly, CNN New York (CNN) — Jon Stewart is extending his time in the hosting chair at “The Daily Show” through December 2025. In addition to hosting the Comedy Central show on Monday nights, the veteran comedian will also remain executive producer of the program for the rest of the week as it rotates its other comedians in the hosting chair, the Paramount-owned network announced Monday. The

By Jordan Valinsky, CNN New York (CNN) — A broken McDonald’s McFlurry machine, arguably one of life’s greatest nuisances, has finally been solved thanks to a court ruling. McDonald’s franchises haven’t been able to fix the soft serve ice cream machines on their own because manufacturing company Taylor owns the copyright and exclusive rights to

By Hanna Ziady, CNN London (CNN) — Volkswagen plans to close “at least” three factories in Germany, lay off tens of thousands of staff and downsize remaining plants in the country, the company’s employee group said Monday. The domestic factory closures would be the first in Volkswagen’s 87-year history, and they lay bare the challenges

By Brian Stelter, CNN New York (CNN) — Some of the most powerful people in this year’s election cycle are the clippers. Yes, the video-clippers. They watch campaign events and cable newscasts for hours on end, looking for the standout moments — those worth clipping and sharing with millions of people via social media. The campaigns for Vice President Kamala