Money

By Liam Reilly, Alejandra Jaramillo, Isabelle D’Antonio, CNN (CNN) — President Donald Trump on Sunday threatened to investigate Chris Christie over a decade-old political scandal and revoke ABC News’ broadcasting license after the Disney-owned network aired an interview in which the former governor sharply criticized the president. “Donald Trump sees himself as the person who

By Lianne Kolirin, CNN London (CNN) — Keurig Dr Pepper will acquire JDE Peet’s – whose brands include Douwe Egberts, Kenco and Peet’s Coffee – for more than $18 billion and split into two listed businesses. The company behind Dr Pepper and 7Up drinks and Keurig coffee products is set to separate into a soft

By Jeanne Sahadi, and Luciana Lopez, CNN (CNN) — Federal Reserve Chair Jerome Powell hinted interest rate cuts could be coming soon in a speech on Friday, a move that could affect everyone from global markets to individual Americans. Powell underscored that any upcoming rate cut would be dependent on the economic data. But Fed

By John Towfighi, CNN (CNN) — Tech companies are giving the world artificial intelligence — but ironically, the tech sector itself is among those now feeling the most pain from AI. The rise of AI tools that can write and develop code is clouding the outlook for the software industry, investors say, sending shares in

By Michelle Watson, CNN (CNN) — The Powerball jackpot has soared to $815 million after there were no big winners in Monday’s drawing, marking the 7th largest prize in the game’s history. Monday’s winning numbers – 16, 19, 34, 37, 64 with a red Powerball of 22 and a Power Play multiplier of 3 –

By Ramishah Maruf, CNN New York (CNN) — Like many Labubu fans, 28-year-old Joselyn Chamorro is over the craze. Waiting in overnight lines to buy the $30 mischievous dolls, or shelling out $100 to resellers, has lost its appeal. So when she saw a gas station in Lakeland, Florida, was selling fake Labubus — known

By Auzinea Bacon, CNN (CNN) — International postal services are suspending shipments to the United States after an exemption on tariff duties for small packages is set to expire. It’s the latest example of how President Donald Trump’s sweeping trade policy is impacting US consumers and businesses. Beginning Friday, the “de minimis” exemption, which allowed

By Auzinea Bacon, CNN (CNN) — Drive-ins helped movie theaters stay afloat during the pandemic, when their fate was in serious doubt. Now, years later, drive-in theaters are still providing a small but meaningful boost for the industry. Drive-ins accounted for a significant portion of box office revenue in 2020, due to social distancing policies

By Michelle Watson, Karina Tsui, CNN (CNN) — With an estimated $750 million jackpot, Monday’s Powerball draw will be the 10th largest in the game’s history after no player matched all six number in Saturday’s draw, the Multi-State Lottery Association said in a press release. Saturday night’s jackpot was already one of the largest prizes

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump on Friday announced he’s directing his administration to investigate imports of furniture into the United States that will lead to higher tariffs by October. “Within the next 50 days, that Investigation will be completed, and Furniture coming from other Countries into the United States will be

By Clare Duffy, Lisa Eadicicco, CNN New York (CNN) — The United States government is making an $8.9 billion investment in Intel common stock, giving the Trump administration a roughly 10% stake in the struggling chipmaker, Intel and the president announced on Friday. “It is my Great Honor to report that the United States of

By John Towfighi, CNN (CNN) — Stocks surged Friday and the Dow closed at its first record high of the year after Federal Reserve Chair Jerome Powell signaled interest rate cuts could be on the way. The Dow rose 846 points, or 1.89%, to close at an all-time high of 45,631.74. It’s the Dow’s first

By Bryan Mena, CNN Washington (CNN) — The job market is on such shaky ground that the Federal Reserve may soon need to cut interest rates to support the economy, Fed Chair Jerome Powell said Friday at a key central banking forum. In one of his most consequential speeches, Powell suggested the labor market could

CNN By Jordan Valinsky, CNN New York (CNN) — Cracker Barrel’s modern makeover doesn’t stop with redoing its restaurants. It’s dropping the barrel and the man from its logo, too. On Tuesday, the Southern-inspired casual dining chain unveiled a new logo “rooted even more closely to the iconic barrel shape,” but without the barrel itself

By Chris Isidore, CNN (CNN) — Car prices have not gone up significantly thanks to tariffs just yet. But with next year’s models hitting showroom floors, American car buyers will see how much longer that can last. New car prices haven’t changed much this year, despite 25% tariffs on most imported cars and parts, which

By Lisa Eadicicco, CNN New York (CNN) — Between the Covid-19 pandemic, decades-high inflation and unprecedented tariffs, it’s been a tumultuous half-decade for retailers. Some major chains have done a better job at navigating those challenges than others, a point that Walmart and Target underscored in their quarterly earnings this week. Walmart reported that sales

By Harper Stephanopoulos, CNN New York (CNN) — Trendy restaurants have always existed in New York. Places like The Odeon and Raoul’s to Torrisi and 4 Charles Prime Rib have been eateries to see and be seen, their reputations grown over years through word-of-mouth, critics’ reviews and celebrity spottings. Now, the era of TikTok has