Money

CNN By Jordan Valinsky, CNN New York (CNN) — Doug McMillon, Walmart’s CEO for just over a decade, is retiring next year, the retailer announced Friday. McMillon will be succeeded by John Furner on February 1, 2026. Furner is currently the CEO and president of Walmart’s US operations, the company’s largest business unit. Both executives

By Elisabeth Buchwald, CNN (CNN) — The Trump administration plans to lower the United States’ tariffs on goods from Switzerland, according to an announcement Friday from the White House and the Swiss government following a meeting with US Trade Representative Jamieson Greer. The tariff rate the US charges on Swiss imports will fall to 15%

By Jordan Valinsky, CNN New York (CNN) — Doug McMillon, Walmart’s CEO for just over a decade, is retiring next year, the retailer announced Friday. McMillon will be succeeded by John Furner on February 1, 2026. Furner is currently the CEO and president of Walmart’s US operations, the company’s largest business unit. Both executives have

By John Towfighi, CNN New York (CNN) — For months, it felt like nothing could knock stocks off their steady ascent — but November has been a rough month on Wall Street. The tech-heavy Nasdaq Composite is down almost 3.5% this month and on track for its first losing month since March. The Nasdaq has

By Clare Duffy, CNN New York (CNN) — When Jamie Iannone took over as eBay’s chief executive in early 2020, the company had undergone a leadership shakeup and was in the process of shedding businesses under pressure from activist investors. One of the internet’s original shopping sites, it had just lost its position as the

By Jeanne Sahadi, CNN (CNN) — When it comes to voluntarily paying taxes on time to the IRS, crypto investors may not have a great record. At least, not according to an IRS review from 2023, which showed “the potential for” a mere 25% compliance rate. Translation: Only about a quarter of crypto investors are

By Clare Duffy, CNN New York (CNN) — Artificial intelligence is playing a greater role in everything from homework to jobs and even romantic companionship — all without much oversight to guarantee the tech is being developed and used safely. Now, a pair of state attorneys general are teaming up with two of the biggest

By John Towfighi, CNN New York (CNN) — US stocks closed sharply lower Thursday as investors sold shares in technology companies and volatility picked up on Wall Street. The Dow fell 798 points, or 1.65%. The broader S&P 500 fell 1.66% and the tech-heavy Nasdaq Composite slid 2.29%. Investors also assessed how long it might

By Jeanne Sahadi, CNN (CNN) — If you plan to max out your contributions to your 401(k) or IRA next year, you will get to save a little more than you could this year. The IRS on Thursday announced cost-of-living adjustments to federal contribution limits for 2026 for key retirement savings vehicles. 401(k) participants will

By Lisa Eadicicco, CNN (CNN) — You can already buy almost anything with the click of a mouse. Now tech giants are preparing for an AI helper to do even that for you one day. Google, Amazon and OpenAI are racing to add new AI-powered shopping tools to their services, all aiming to play a

By Jack Guy, CNN London (CNN) — Apple has built its reputation on cutting-edge devices and sleek design, but the company’s latest product is decidedly more low-tech. The iPhone Pocket is a knitted strap developed in conjunction with fashion designer Issey Miyake, “born from the idea of creating an additional pocket,” Apple (AAPL) announced in

By Chris Isidore, CNN (CNN) — Relatively few people fly Spirit Airlines – but the company could still affect how much you pay for your holiday travel, even if recent government-mandated flight cancellations end. For years, Spirit has had an outsized effect on fares across the industry. The discount carrier’s rock-bottom fares forced much larger

By Samantha Delouya, CNN (CNN) — The Trump administration has another idea to make housing more affordable: Let homeowners take their mortgage rate with them when they move. On Wednesday, Federal Housing Finance Agency Director Bill Pulte said the administration is “actively evaluating” so-called portable mortgages. The proposal aims to address the housing market’s lack

By Matt Egan, CNN New York (CNN) — Austin H. can’t wait to buy a house and start a family. But right now, the 34-year-old is barely getting by. Austin is living paycheck to paycheck and saving almost no money, one of the millions of Americans struggling to make ends meet in an increasingly unaffordable

By Chris Isidore, Vanessa Yurkevich, CNN (CNN) — The American penny passed away today after a prolonged illness. It was 238 years old. The last penny was minted Wednesday afternoon at the US Mint in Philadelphia, overseen by US Treasurer Brandon Beach. President Donald Trump announced via social media in February that he instructed the

By Brian Stelter, CNN (CNN) — The BBC board held an unexpected meeting on Wednesday as the British broadcaster stares down a legal threat from President Trump, a source told CNN. The person, who had direct knowledge of the meeting, said the board is not planning to issue any immediate statement afterward. A BBC spokesperson

By Lisa Eadicicco, CNN (CNN) — Creating revolutionary pharmaceutical drugs, testing new materials for cars and simulating how market scenarios can affect banks — these are just some of the tasks that could take months or years to develop, even with the most advanced computers. But what if that timeframe could be cut down to

By John Towfighi, CNN New York (CNN) — The Dow surged higher on Tuesday, bolstered by optimism that the US government shutdown might come to an end this week. The Dow gained 559 points, or 1.18%, and closed at a record high of 47,927.96. The broader S&P 500 gained 0.21%. Meanwhile, the tech-heavy Nasdaq Composite