Money

By Ramishah Maruf, Gordon Ebanks, John Towfighi, CNN New York (CNN) — New York’s wealthiest had warned of a business exodus if Zohran Mamdani won Tuesday’s mayoral race. But for small business owners like Kadjahtou Balde, Mamdani’s victory is a reason to stay in one of the country’s most expensive cities. “As somebody who is

By Matt Egan, CNN New York (CNN) — JPMorgan Chase CEO Jamie Dimon has some advice for New York City Mayor-elect Zohran Mamdani: Talk to the man who helped bring Detroit back from the dead. Dimon, who has been critical of Mamdani, suggested the incoming New York City mayor could learn a lot from outgoing

By Chris Isidore, CNN (CNN) — Tesla shareholders could soon give CEO Elon Musk, already the wealthiest person on the planet, the chance to become the world’s first trillionaire – or risk him walking away entirely. Musk’s new pay package is the key measure that will be up for a vote at Tesla’s annual meeting

By Chris Isidore, CNN (CNN) — The UPS freighter that crashed in Louisville was a 34-year old jet. While that’s old for a passenger plane, that’s not so unusual in the world of air cargo. There are no initial indications that the age of the McDonnell Douglas MD-11 was in any way a factor in

By Alicia Wallace, Lucy Bayly, CNN (CNN) — Private-sector job creation bounced back in October, according to a snapshot of the labor market that has become more closely watched in the absence of official federal jobs data. Payroll processing company ADP on Wednesday estimated that private-sector businesses added an estimated 42,000 jobs last month, a

By Nathaniel Meyersohn, Matt Egan, CNN New York (CNN) — Hudson’s Detroit, the Motor City’s first new skyscraper in nearly half a century, is a symbol of Detroit’s transformation from bankruptcy to boomtown. The $1.4 billion project includes a recently opened office building as well as retail on the site of the former J.L. Hudson’s

By John Towfighi, CNN (CNN) — Michael Burry, the famed investor behind “The Big Short,” is betting artificial intelligence is more of a bubble than a revolution. Burry’s fund, Scion Asset Management, disclosed on Monday that it bought puts — bets that share prices will fall — on two stars of the AI wave: Nvidia

By Matt Egan, CNN New York (CNN) — The ongoing government shutdown isn’t just the longest in American history. It’s likely the most damaging, too. Historically, the economic damage from shutdowns is fleeting, quickly reversing when the government reopens. However, the 36-day lapse in funding that began on October 1 is already dealing a significant

By Joseph Ataman, CNN Paris (CNN) — France has said it will suspend Shein’s access to the French market following a headline-grabbing scandal over sales of “childlike” sex dolls. The government started proceedings Wednesday to ban Shein’s French website “for the time necessary for the platform to show to the authorities that all of its

By Jordan Valinsky, CNN New York (CNN) — Denny’s, the struggling, 72-year-old diner chain, is selling itself to a group of investors who are taking the business private. The company announced Monday that it’s sold itself to TriArtisan Capital Advisors, a private equity firm that also owns P.F. Chang’s, and Yadav Enterprises, a major Denny’s

By John Towfighi, CNN New York (CNN) — One year after President Donald Trump’s reelection, the US stock market continues to notch record highs. The S&P 500 has gained 19.6% over the past 12 months, boosted by strong corporate earnings and investors’ enthusiasm about artificial intelligence. Stocks have been remarkably adaptable, defying concerns about a

By Brian Stelter, CNN (CNN) — Paramount has renewed Jon Stewart’s deal to continue hosting Comedy Central’s “The Daily Show” once a week through the 2026 midterms, resolving months of speculation about the media company’s plans for the late-night show. Comedy Central said Monday that the show’s correspondents will continue to take turns hosting Tuesdays

By Bryan Mena, CNN Washington (CNN) — Interest rates are in a good place to deal with persistently elevated inflation, Federal Reserve Governor Lisa Cook said Monday in her first public remarks since President Donald Trump said he had fired her. Cook, appointed by former President Joe Biden and the first Black woman to serve

By Joseph Ataman, Billy Stockwell, CNN Paris (CNN) — Chinese e-commerce platform Shein announced on Monday a “complete ban” on sex dolls on its site after France threatened to cut off its access to the French market. Over the weekend, France’s anti-fraud office, the DGCCRF, accused the fast-fashion platform of selling sex dolls “with a