CNN – Business/Consumer

By Jordan Valinsky, CNN New York (CNN) — Nutella maker Ferrero Group is buying cereal giant WK Kellogg Co in a $3.1 billion deal. Shares of WK Kellogg (KLG) jumped more than 30% in early trading. Ferrero said that it “plans to invest in and grow” the Kellogg business, which includes 14,000 employees and 22

By Jordan Valinsky, CNN New York (CNN) — McDonald’s Snack Wrap is finally returning to menus, going on sale Thursday in the chain’s latest push to revive slumping sales. Despite being pulled from a majority of menus in 2016, the Snack Wrap has remained a fan favorite, with thousands of people demanding McDonald’s bring it

By Alicia Wallace, CNN (CNN) — Economists, researchers and analysts have warned that President Donald Trump’s sweeping trade policy of tacking steep tariffs on most goods that come into America will deliver a taxing blow to consumers via higher prices. However, recent months’ economic data has shown that overall inflation has remained fairly tame. Trump

CNN, POOL, SEE PREFONTS By Alicia Wallace, CNN (CNN) — Economists, researchers and analysts have warned that President Donald Trump’s sweeping trade policy of tacking steep tariffs on most goods that come into America will deliver a taxing blow to consumers via higher prices. However, recent months’ economic data has shown that overall inflation has

By Chris Isidore, CNN (CNN) — Crissy and Avi Eliashar bought their home in Jonestown, Texas, 13 years ago. They never had a problem with flooding until water washed away their home, car and all their possessions early Saturday morning. Avi, a security guard, was at work when the water rapidly filled their mobile home.

By Nayeli Jaramillo-Plata, CNN (CNN) — America’s toy prices could rise later this year, particularly if higher tariffs take effect, Hasbro CEO Chris Cocks told CNN’s Audie Cornish, host of “The Assignment” podcast. Cocks said on this week’s episode of “The Assignment” that America’s current 30% minimum tariffs on China and apparent agreement to place

By Ramishah Maruf, CNN New Yorks (CNN) — Shares of WK Kellogg, the cereal maker behind Froot Loops and Frosted Flakes, skyrocketed as high as 50% after the Wall Street Journal reported Wednesday that Ferrero was nearing acquiring the company for $3 billion. The Wall Street Journal reported the deal, in which the Nutella and

By Elisabeth Buchwald, CNN (CNN) — US President Donald Trump on Wednesday threatened Brazil with a crippling tariff of 50% starting August 1, according to a letter he sent to the country’s president, Luiz Inácio Lula da Silva. In the letter posted on Truth Social, Trump alleged Lula is undertaking a “Witch Hunt that should

By Nathaniel Meyersohn, CNN New York (CNN) — Cancelling your gym membership isn’t likely to become easier anytime soon. A US appeals court on Tuesday blocked a rule that would have required businesses to make it as easy for consumers to cancel subscriptions and memberships as it is to sign up. That includes everything from

By Clare Duffy, CNN New York (CNN) — Linda Yaccarino is stepping down as CEO of X after two years leading Elon Musk’s social media company. Yaccarino’s departure comes one day after the company’s Grok chatbot began pushing antisemitic tropes in responses to users. It’s not clear that the events were connected. Her exit also

By Lisa Eadicicco, CNN New York (CNN) — Samsung on Wednesday announced three new foldable phones in its latest push to popularize what the company believes is the future of smartphones. The new $2,000 Galaxy Z Fold 7, $1,100 Galaxy Z Flip 7 and $900 Galaxy Z Flip 7 FE launch on July 25, with

By Lisa Eadicicco and John Towfighi, CNN New York (CNN) — Nvidia on Wednesday briefly hit $4 trillion in market value, making it the first publicly traded company to hit that milestone. Nvidia stock rose 2.76% after the market opened on Wednesday to hit an intraday record high that pushed its market value above the

By Phil Mattingly and David Goldman, CNN (CNN) — At the conclusion of his first 100 days in office in late April, President Donald Trump made a stunning statement about his progress on tariff negotiations: He had completed trade deals with 200 countries. More than two months later, Trump has announced just three of those

By Jordan Valinsky, CNN New York (CNN) — Max is returning to its former name — HBO Max — beginning immediately. Users of the streaming service, which is owned by CNN’s parent company Warner Bros. Discovery, will see the new-ish name roll out Wednesday, the company announced. The decision to revert to its original name

By Clare Duffy, CNN New York (CNN) — It’s looking increasingly likely that any sale of TikTok will mean US users have to download a new app. And that could mean an almost entirely different experience. After repeatedly delaying enforcement of a law that requires TikTok’s China-based parent company, ByteDance, to sell it or face

By Jeanne Sahadi, CNN (CNN) — President Donald Trump’s mega tax-and-spending cuts bill, signed into law last week, contains plenty of new tax provisions, the contours of which Americans are still digesting. One of them is the new temporary income tax deduction for interest paid on loans financing the purchase of qualified passenger vehicles. The