Money

By Hanna Ziady, CNN London (CNN) — Local governments across England, Scotland and Wales face a £4.3 billion ($5.6 billion) hole in their finances in the coming year, according to a new report. That could force cuts to jobs and vital services, such as rubbish collection. In a paper Monday, Unison, the United Kingdom’s largest

By Jordan Valinsky, CNN New York (CNN) — Big Lots, the beleaguered discount retailer that previously warned it had “substantial doubt” about its survival, has filed for bankruptcy. As part of its Chapter 11 filing, the retailer announced that private equity firm Nexus Capital Management is acquiring “substantially all” of Big Lots stores and business

By Clare Duffy, Samantha Murphy Kelly and Samantha Delouya, CNN (CNN) — Apple on Monday unveiled a host of new technology, including the iPhone 16, which features some impressive updates the company hopes will convince customers – many of whom have been holding onto their older gadgets – to upgrade. Since the 2020 launch of

By Bryan Mena, CNN Washington (CNN) — Americans may be finding it a little tougher to land a job these days, but not so much in one field in which salaries are climbing fast and employers are offering robust perks. Once a source of US economic resilience, the nation’s job market is now weaker than

By Olesya Dmitracova, CNN London (CNN) — “Beetlejuice Beetlejuice,” a follow-up to Tim Burton’s 1988 classic, has landed with a bang, raking in an estimated $110 million in US ticket sales over its opening weekend, based on Comscore data. The “stellar domestic opening” is the second-highest ever for a movie in September, topped only by “It,”

By Matt Egan, CNN New York (CNN) — Former President Donald Trump’s social media company is in a deep slump that keeps getting worse, wiping out a huge chunk of his net worth. Shares of Trump Media & Technology Group (DJT) dropped last week to their lowest level since the merger that brought the owner

By Jeanne Sahadi, CNN New York (CNN) — The United States is in the midst of both hurricane and wildfire season. And US homeowners are likely keeping their fingers crossed that they and their families will be spared — not just physically, but also financially. A quarter of US homeowners (26%) said they are financially

By Brian Fung, CNN (CNN) — Google hasn’t just illegally cornered the market in search — it’s squeezed online publishers and advertisers with a “trifecta” of monopolies that have harmed virtually the entire World Wide Web, the US Department of Justice said Monday in a Virginia federal courtroom. Kicking off a high-stakes trial that could reshape

By Chris Isidore, CNN New York (CNN) — Buying this week’s groceries or paying for a full tank of gas with a credit card might contribute more to the profits of the airline industry than buying a one-way ticket. That’s because frequent flyer programs have become a crucial part of the airline industry’s profitability. And

By Chris Isidore, CNN New York (CNN) — Boeing and the Machinists union, which represents 33,000 of its employees on the West Coast, have reached a tentative deal that could avoid a strike that had been set to start this Friday. Before it will take effect, the deal would need the approval of the rank-and-file

By Bryan Mena and Elisabeth Buchwald, CNN (CNN) — It couldn’t be clearer at this point that the US labor market is cooling. Even though the unemployment rate edged lower last month to 4.2%, joblessness is still hovering near highs not seen since the fall of 2021. On top of that, employers have hired significantly

By Hadas Gold, CNN (CNN) — They’re not on any of the major television networks, but they have millions of viewers. Now, the Justice Department is alleging that some of the biggest stars in right-wing social media were, unwittingly, part of a sinister Russian operation to influence the 2024 US election. The personalities weren’t directly named or accused of wrongdoing by the Justice Department,

By Clare Duffy, CNN (CNN) — Apple excited fans with its vision for its “Apple Intelligence” artificial intelligence system earlier this year. Now, it’s time for the company to prove it really works. The company is set to introduce the first lineup of iPhones purpose-built for generative artificial intelligence (which lets users create text and

By Robert Ilich, CNN (CNN) — Car manufacturer Stellantis is recalling more than 1.2 million Ram 1500 vehicles due to a software malfunction in the anti-lock brake system (ABS), according to the National Highway Traffic Safety Administration. The vehicles being recalled include certain 2019, 2021-2024 Ram 1500 trucks, the NHTSA said Saturday in a statement. “A

By Krystal Hur, CNN New York (CNN) — Americans fed up with the shop-‘til-you-drop mentality are trying to make living with less trendy. Influencers on social media often peddle lifestyles or products to followers, urging them to buy new clothing, high-tech cleaning gadgets or the hottest new haircare product. But some people say they have

By Jeanne Sahadi, CNN (CNN) — Democratic vice presidential candidate Tim Walz’s financial disclosure form highlights one of the things that make him unusual as a modern political candidate: the relative simplicity of his financial life. Walz’s finances are straightforward and modest relative to the standards of many politicians who made their wealth in the

By Liam Reilly and Matt Egan, CNN (CNN) — Dozens of business leaders are throwing their weight behind Vice President Kamala Harris, saying she is the stronger candidate for the American economy and the future of democracy. In a three-page letter, a group of 88 business leaders — including high-profile current and former executives from major public

By Tami Luhby, CNN (CNN) — Former President Donald Trump plans to ban mortgages for undocumented immigrants, he said in a speech at the Economic Club of New York on Thursday. Trump claimed the measure would help address housing affordability because a “flood” of people entering the country illegally are pushing up housing costs, but

By Chris Isidore, CNN New York (CNN) — US Steel is threatening to shutter a number of mills if the Biden administration blocks its sale to would-be Japanese buyer Nippon Steel. But another rival, Cleveland Cliffs, is offering to buy those mills from US Steel if President Joe Biden stops the deal. This week US