Money

By Nathaniel Meyersohn, CNN New York (CNN) — Skechers is fleeing the public market and hunkering down by going private during the middle of a trade war. The company announced Monday that investment firm 3G Capital will buy Skechers for $9.4 billion. 3G will pay $63 a share for the brand, a 30% premium of

By Matt Egan, CNN New York (CNN) — About 4 million, or roughly one in five, federal student loan borrowers with a payment due are seriously delinquent, according to a new analysis published Monday by TransUnion. Research from the information and insights company suggests that a significant number of Americans with student loan debt are

CNN By Matt Egan, CNN New York (CNN) — About 4 million, or roughly one in five, federal student loan borrowers with a payment due are seriously delinquent, according to a new analysis published Monday by TransUnion. Research from the information and insights company suggests that a significant number of Americans with student loan debt

By Auzinea Bacon, CNN (CNN) — Those who have followed Berkshire Hathaway have long-anticipated that the day would come when legendary investor and CEO Warren Buffett called it quits. But the news came unexpectedly at Berkshire’s annual shareholder meeting on Saturday, as the 94-year-old Oracle of Omaha waited until the end of the event to

By Jeanne Sahadi, CNN (CNN) — Many investors — especially high-income ones living in high-tax states — benefit from owning state and local municipal bonds for their tax advantages. The interest investors make on munis is exempt from federal income tax — and in some cases, state and local taxes too, if you buy a

By Samantha Delouya, CNN (CNN) — When a deal to buy Caitlin Bigelow’s San Francisco condo fell through last month, she felt relief, rather than disappointment. Bigelow was working with a real estate agent she trusted from Compass who had suggested she first list her home as a “Compass Private Exclusive.” That meant her home

CNN By David Goldman, CNN (CNN) — President Donald Trump on Sunday extended his trade war to the cinema. Trump, in an evening post on his social media platform Truth Social, said he has instructed the Commerce Department and US Trade Representative to place a 100% tariff on films that are produced outside the United

By David Goldman, CNN (CNN) — President Donald Trump on Sunday extended his trade war to the cinema. Trump, in an evening post on his social media platform Truth Social, said he has instructed the Commerce Department and US Trade Representative to place a 100% tariff on films that are produced outside the United States

By Auzinea Bacon, CNN (CNN) — Marvel’s “Thunderbolts” electrified the box office, beating expectations with $76 million in domestic sales this weekend. While not the massive opening weekend numbers that Marvel movies once posted, “Thunderbolts” beat expectations by about 8% and “sets into motion” a new chapter for Marvel, says Paul Dergarabedian, a senior analyst

By Reuters (CNN) — U.S. President Donald Trump said he would extend the June 19 deadline for China-based ByteDance to divest the U.S. assets of TikTok, the short video app used by 170 million Americans, if no deal had been reached by then. ”I would … I’d like to see it done,” Trump told the

By Leah Asmelash, CNN (CNN) — If you believe social media, signs of an impending recession are everywhere. Lady Gaga back on the charts? That’s a recession indicator. Coupons and canned good displays at grocery stores? Definitely recession indicators. And the return of knee-high Converse sneakers? Possibly the most obvious recession indicator of them all.

CNN By Auzinea Bacon, CNN (CNN) — In an announcement that many investors knew was coming but didn’t believe would actually happen, famed investor Warren Buffett said Saturday at Berkshire Hathaway’s annual shareholder meeting that he would step down as CEO at the end of the year. Greg Abel would take over at that point,

By Brian Stelter, CNN (CNN) — Less than two months ago, when the Trump administration turned off the Voice of America’s networks and websites, Kari Lake, a fierce loyalist to President Donald Trump, said the agency is “unsalvageable.” Now, Lake is working on salvaging it, and VOA may be about to come back online. “We

By Auzinea Bacon, CNN (CNN) — In an announcement that many investors knew was coming but didn’t believe would actually happen, famed investor Warren Buffett said Saturday at Berkshire Hathaway’s annual shareholder meeting that he would step down as CEO at the end of the year. Greg Abel would take over at that point, pending

By Ramishah Maruf, CNN New York (CNN) — Hours after a key US tariff exemption expired on Friday, Chinese e-commerce site Temu announced it was overhauling its shipping model, sending out all American sales via US-based sellers. “All sales in the U.S. are now handled by locally based sellers, with orders fulfilled from within the