Money

By Tami Luhby, CNN New York (CNN) — Millions of Americans may have to think twice about turning on their air conditioners this summer. The high prices of essential goods, particularly food and housing, has made it tough for many folks to afford the soaring cost of their energy bills. That has helped drive up

By Samantha Murphy Kelly, CNN Business (CNN) — Apple on Tuesday announced a multibillion-dollar agreement to develop 5G radio frequency and wireless connectivity components in the United States. The company said it is partnering with US-based manufacturer Broadcom for the components, which will be designed and built in several American manufacturing and technology hubs, including

By Anna Bahney, CNN Washington, DC (CNN) — New home sales rose in April, climbing to a level not seen in over a year, as mortgage rates eased and buyers looked to new construction as an alternative to the low inventory of existing homes for sale. Sales of newly constructed homes were up 4.1% in

By Ramishah Maruf, CNN New York (CNN) — Treasury Secretary Janet Yellen reaffirmed June 1 as the hard deadline to raise the debt ceiling on Monday, saying she expects the United States will be unable to pay all of its bills in a little over a week. If an agreement isn’t reached to prevent the

By David Goldman and Parija Kavilanz, CNN New York (CNN) — Americans turned into DIY fanatics during the pandemic, beautifying their apartments, homes and condos while they were stuck inside and tired of looking at the same drab interior every day. But the Covid emergency is over, prices are (much) higher, consumers are growing fearful

By Clare Duffy, CNN New York (CNN) — WhatsApp is rolling out a long-requested new feature: message editing. The Meta-owned messaging platform on Tuesday said users will now be able to edit messages – as long as it’s within 15 minutes after sending. Adjusted messages will be shown in the chat with an “edited” label,

By Hanna Ziady, CNN London (CNN) — The United Kingdom will not, after all, be the worst-performing rich economy this year, the International Monetary Fund (IMF) said Tuesday, announcing a major revision to its previous gloomy forecast. The Washington-based organization said it now expects the UK economy to grow 0.4% in 2023, upgrading its April

By Jordan Valinsky, CNN Business New York (CNN) — Kraft is fixing one of the biggest complaints about its cheese slices: the packaging. The company’s Kraft Singles are getting a a major makeover, with not only “easier to open individual wrapping” but also a refreshed logo and new packaging design. It’s the product’s first redesign

CNN By Jeanne Sahadi, CNN New York (CNN) — When you’re using your hard-earned money to pay for goods and services, chances are you’re not in the mood for aggravation, nor in favor of a bait-and-switch routine. And yet … US consumers encountered plenty of both last year. The Consumer Federation of America on Wednesday

CNN, WFTV By Liam Reilly and Jon Passantino, CNN (CNN) — A third wave of expected layoffs is underway at Disney, and employees impacted by the cuts are being notified this week, a source familiar with the situation told CNN. More than 2,500 staff are expected to lose their jobs across the latest wave of

By Aisha Salaudeen and Nimi Princewill, CNN Lagos, Nigeria (CNN) — Nigeria on Monday commissioned the Dangote oil refinery — considered a ‘game-changer’ in ending the country’s fuel imports. Outgoing President Muhammadu Buhari commissioned the 650,000 barrels per day capacity refinery at the Lekki free trade zone area of the commercial hub Lagos, in an

By Catherine Thorbecke, CNN (CNN) — Uber’s diversity chief is on leave from the company after criticism from some employees related to an internal panel called “Don’t Call Me Karen.” Bo Young Lee, Uber’s chief diversity and inclusion officer, is on a leave of absence, Noah Edwardsen, an Uber spokesperson, confirmed to CNN on Monday.

By Clare Duffy, CNN New York (CNN) — TikTok on Monday filed a suit against Montana over a bill that would ban the popular short-form video app in the state starting early next year. TikTok alleges that the ban violates the US Constitution, including the First Amendment, as well as other federal laws, according to

CNN By Brian Fung, CNN (CNN) — TikTok CEO Shou Chew vowed Tuesday that his company’s legal battle against Montana will succeed, after the state passed a law that would ban the app from personal devices starting in January. In an onstage interview with Bloomberg at the Qatar Economic Forum, Chew reiterated the company’s view

By Samantha Delouya, CNN New York (CNN) — From Vice Media to Bed Bath & Beyond, bankruptcies are picking up again. Last week, corporate America had its worst 48-hour stretch of bankruptcies since at least 2008, according to Bloomberg. That’s never a good comparison. So far, more than 230 companies have filed for bankruptcy in