Money

By Jordan Valinsky, CNN New York (CNN) — Tesla’s board is giving CEO Elon Musk another huge pay day. The company’s latest CEO pay package, worth about $29 billion, comes several months after a Delaware court rejected for a second time Musk’s 2018 performance award following a shareholder lawsuit. Musk is currently appealing the order.

By Nathaniel Meyersohn, CNN New York (CNN) — The Trump administration declared victory after Kraft Heinz, Skittles and General Mills made splashy announcements to remove artificial colors — even taking credit for Coca-Cola’s plan to replace high-fructose corn syrup with US cane sugar in a new version this fall. “President Trump delivers on MAHA (Make

By Tami Luhby, Jeanne Sahadi, CNN (CNN) — The Trump administration will soon stop sending out paper checks for Social Security beneficiaries, as part of an effort to fully modernize federal benefits payments. That means a little over half a million recipients — or 0.8% of all the program’s beneficiaries — must now choose another

By David Goldman, CNN (CNN) — President Donald Trump claimed without evidence that the massive revisions to the latest jobs report constituted a “scam,” accusing one of the top overseers of government statistics of cooking the books in a vendetta against his presidency. “In my opinion, today’s Jobs Numbers were RIGGED in order to make

By Auzinea Bacon, Samantha Waldenberg, CNN (CNN) — President Donald Trump on Sunday told reporters his administration will be announcing a new commissioner of the Bureau of Labor Statistics “over the next three, four days,” after he fired the previous one. “We’ll be announcing a new statistician sometime over the next three, four days. We

By Elizabeth Wagmeister, CNN (CNN) — After weeks of growing calls to pull Huda Beauty products from its stores, Sephora has acknowledged that is “actively reviewing” anti-Israel comments made by the mega-popular beauty brand’s founder, Huda Kattan. Last week, TikTok removed an antisemitic video posted by the celebrity beauty mogul and influencer. Kattan, the founder

By Ramishah Maruf, CNN New York (CNN) — President Donald Trump last week suspended a global trade loophole allowing smaller parcels into America duty-free. This closes a backdoor into the United States for Chinese mega-shippers like Shein and Temu, who could potentially pass the cost of those duties down to consumers. Trump eliminated the so-called

By Auzinea Bacon, CNN (CNN) — Warren Buffett’s Berkshire Hathaway on Saturday reported operating earnings for the second quarter fell 3.79% from the same time last year. It’s the company’s first earnings report since Buffett, 94, announced his plans to step down as chief executive at the end of the year and named Greg Abel,

By Jordan Valinsky, CNN New York (CNN) — In 1986, Doritos released “Cool Ranch” chips, which has since became one of the brand’s most popular flavors, selling tens of millions of bags and spawning spinoffs from taco shells to popcorn. Nearly 40 years later, the PepsiCo-owned tortilla chips maker thinks it’s found the next big

By Bryan Mena, CNN Washington (CNN) — A member of the Federal Reserve’s Board of Governors announced Friday that she is resigning several months before the end of her term, handing President Donald Trump an early opportunity to fill a key vacancy. Fed Governor Adriana Kugler is stepping down from her role, effective August 8.

By Reuters (CNN) — A Florida jury on Friday found Tesla liable in the 2019 fatal crash of an Autopilot-equipped Model S, and ordered Elon Musk’s automaker to pay $329 million to the family of a deceased woman and an injured survivor. Jurors in Miami federal court ordered Tesla to pay $129 million in compensatory

CNN By Liam Reilly, Brian Stelter, CNN (CNN) — The Corporation for Public Broadcasting announced on Friday that it will wind down its operations due to the successful Republican effort to defund local PBS and NPR stations across the country. The announcement came just over a week after President Donald Trump enacted a rescissions bill

By Kit Maher, Matt Egan, Alicia Wallace, CNN (CNN) — President Donald Trump has fired Dr. Erika McEntarfer, the commissioner of the Bureau of Labor Statistics, whom he accused, without evidence, of manipulating the monthly jobs reports for “political purposes.” The BLS’ monthly labor report Friday showed that the US economy added only 73,000 jobs

By Liam Reilly, Brian Stelter, CNN (CNN) — The Corporation for Public Broadcasting announced on Friday that it will wind down its operations due to the successful Republican effort to defund local PBS and NPR stations across the country. The announcement came just over a week after President Donald Trump enacted a rescissions bill clawing

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump has said that tariffs won’t lead to higher prices. But the United States economy seems to disagree: Inflation, which has remained fairly tame, is slowly creeping up because of tariffs. Trump’s latest round of higher taxes on imports, which went into effect Thursday, will immediately make

By Rachel Wilson, Annette Choi, Anna Cooban, CNN (CNN) — President Donald Trump has once again announced new tariffs for just about every country in the world, further upending the landscape of global trade. Starting August 7, the United States will impose a 10% “universal” levy on imported goods from countries with which it has