By Ramishah Maruf, CNN New York (CNN) — Elon Musk has lost $52 billion in net worth since the year began, but he’s still the richest person in the world by a long shot, according to the Bloomberg Billionaires Index. Shares of Musk’s Tesla dropped 8% before market close Tuesday after a steady decrease of
Continue Reading
By Hadas Gold, CNN (CNN) — The White House is stripping the White House Correspondents’ Association of its role in managing the White House Press Pool, taking control of deciding who will be a part of the small rotating group of journalists and photographers who accompany the president. The press pool includes rotating representatives from
Continue Reading
By Elisabeth Buchwald, CNN New York (CNN) — President Donald Trump’s plan to impose a 25% tariff on all imported aluminum could cost 100,000 American jobs, the CEO of one of the largest US aluminum makers warned on Tuesday. The new tariff rate, a 15 percentage point increase from prior levels that doesn’t permit any
Continue ReadingBy Liam Reilly, CNN (CNN) — Rumors that Lucasfilm’s longtime president may be leaving Disney have swirled for quite some time. But reports that Kathleen Kennedy will retire at the end of her contract may be jumping the gun. Puck reported Tuesday that Kennedy, who is 71, is expected to step down as president of
Continue Reading
By Clare Duffy and Lisa Eadicicco, CNN New York (CNN) — Apple users in the United Kingdom will no longer have access to a key data security feature for iCloud storage: Advanced Data Protection. It’s a relatively small change, but privacy experts worry it could have ripple effects for data privacy around the world. The
Continue Reading
By John Towfighi, CNN New York (CNN) — Investors entered the New Year cheerful about the prospects of a business- and crypto-friendly Trump administration. Yet two months into 2025, US stocks have lagged Europe and Chinese stocks, bitcoin is sliding and concerns about inflation are mounting. US stocks largely slid Tuesday as investors digested a
Continue Reading
By Brian Stelter and Liam Reilly, CNN (CNN) — Some of MSNBC’s biggest stars are – in extraordinary on-air fashion – rebuking management’s decision to cancel Joy Reid and Alex Wagner’s shows and lay off their production staffs. Rachel Maddow used part of her Monday night show — MSNBC’s most watched hour — to call
Continue ReadingBy Bryan Mena, CNN Washington (CNN) — The American consumer is getting worried about the economy. Economic jitters are showing up across various sentiment surveys as the Trump administration aims to reconfigure America’s trade relationship with the world and inflation shows signs of getting stuck. The latest evidence comes from The Conference Board’s Consumer Confidence
Continue ReadingBy David Goldman, CNN (CNN) — Jamie Dimon is apologizing for using some particularly salty language about work-from-home policies, after he tackled an increasingly combative issue for workers and employers across the United States. But he’s not backing down on requiring JPMorgan Chase employees to return to the office. The CEO of America’s largest bank
Continue ReadingBy Chris Isidore, CNN New York (CNN) — The Federal Aviation Administration has agreed to use SpaceX’s Starlink internet system to upgrade the information technology networks it uses to manage US airspace, raising new concerns about conflicts of interest for CEO Elon Musk in one of his other roles, that of recommending funding cuts at
Continue ReadingBy Nathaniel Meyersohn, CNN New York (CNN) — Home Depot is growing again. America’s largest home improvement retailer said Tuesday that sales at stores open for at least a year grew 0.8% last quarter, snapping eight straight quarters of sales declines. Home Depot also sounded an upbeat forecast for 2025, saying sales at stores open
Continue ReadingBy Lex Harvey, Lauren Mascarenhas, Ashley Killough and Ed Lavandera, CNN (CNN) — Texas’ governor has directed state law enforcement to investigate two controversial lottery jackpots amid growing scrutiny over the role of online ticketing firms in the state. Republican Gov. Greg Abbott asked the Texas Rangers to investigate two Lotto Texas jackpots involving virtual
Continue ReadingKEYE, TEXAS SENATE COMMITTEE ON STATE AFFAIRS, LT. GOV. DAN PATRICK X VIDEO, CNN By Lex Harvey, Lauren Mascarenhas, Ashley Killough and Ed Lavandera, CNN (CNN) — Texas’ governor has directed state law enforcement to investigate two controversial lottery jackpots amid growing scrutiny over the role of online ticketing firms in the state. Republican Gov.
Continue ReadingBy Anna Cooban, CNN London (CNN) — The chief executive of Unilever, which owns ice cream brands such as Ben & Jerry’s and Magnum, has stepped down after less than two years at the helm, as the UK company works to boost its lackluster sales and profits. Hein Schumacher will be replaced by Unilever’s Chief
Continue ReadingBy Matt Egan and Alicia Wallace, CNN (CNN) — Elon Musk, wielding a chainsaw, is overseeing a rapid shrinking of the nation’s largest employer: the federal government. There’s no doubt the federal government’s 3.02 million-person civilian workforce is massive. Yet some economists are confident the widespread terminations spearheaded by Musk’s Department of Government Efficiency (DOGE)
Continue Reading
CNN, POOL, X | @ELONMUSK By Matt Egan and Alicia Wallace, CNN (CNN) — Elon Musk, wielding a chainsaw, is overseeing a rapid shrinking of the nation’s largest employer: the federal government. There’s no doubt the federal government’s 3.02 million-person civilian workforce is massive. Yet some economists are confident the widespread terminations spearheaded by Musk’s
Continue ReadingBy Hanna Park, CNN (CNN) — Denny’s, the popular American diner chain, has joined a growing number of restaurants responding to the nationwide egg shortage by adding a temporary surcharge to egg-based meals. “Due to the nationwide egg shortage and increased cost of eggs, some of our restaurant locations will need to temporarily add a
Continue Reading
KGO, MILL VALLEY CHICKENS, CNN By Hanna Park, CNN (CNN) — Denny’s, the popular American diner chain, has joined a growing number of restaurants responding to the nationwide egg shortage by adding a temporary surcharge to egg-based meals. “Due to the nationwide egg shortage and increased cost of eggs, some of our restaurant locations will
Continue ReadingBy Liam Reilly, CNN (CNN) — MSNBC on Monday announced a major overhaul to its primetime lineup that will go into effect in April even as it shared that Joy Reid will part ways with the network. The overhaul comes as the progressive news network looks to maintain a jump in viewership in the first
Continue ReadingBy Reuters (CNN) — A U.S. court upheld the convictions of Theranos’ founder Elizabeth Holmes and President Ramesh “Sunny” Balwani on Monday, on charges of defrauding investors in the failed blood testing startup once valued at $9 billion. A three-judge panel for the 9th U.S. Circuit Court of Appeals in San Francisco rejected claims of
Continue Reading