Money

By Hanna Ziady, CNN London (CNN) — President-elect Donald Trump’s proposed protectionist policies, including hefty tariffs, will hurt Europe’s economic standing — leaving crisis-hit Germany particularly vulnerable, Goldman Sachs predicts. Following Trump’s re-election, the investment bank cut its growth forecasts for the region, predicting fresh trade tensions with the United States, pressure on Europe to

By Jordan Valinsky, CNN New York (CNN) — Craving a stack of IHOP pancakes with a side of Applebee’s riblets? That will soon become a reality in Texas with a new restaurant that unites the two chains under the same roof. Dine Brands, which owns the two restaurants, announced that the combined Applebee’s-IHOP restaurant will

By Jeanne Sahadi, CNN (CNN) — Whether you’re elated or despondent that Donald Trump won the 2024 presidential election, chances are you’re working with some colleagues who feel the exact opposite – or, incomprehensibly to some, just really don’t care. After such a hotly contested, divisive race, employers are aware that many employees may have

By Elisabeth Buchwald, CNN New York (CNN) — Former President Donald Trump’s projected return to the White House made many shareholders of publicly traded companies a lot richer on Wednesday. His victory is expected to usher in sweeping changes from the Biden administration, including a tougher stance on immigration and crime as well as a

By Liam Reilly, CNN New York (CNN) — Jeff Bezos, the Amazon founder and chairman, congratulated Donald Trump on Wednesday for an “extraordinary political comeback and decisive victory” after the former president won re-election, wishing Trump “all success in leading and uniting the America we all love.” “Big congratulations to our 45th and now 47th

By Matt Egan, CNN New York (CNN) — Donald Trump didn’t just win the White House. He also grew richer Wednesday. Truth Social owner Trump Media & Technology Group, Trump’s social media company, initially skyrocketed in value after CNN and other media outlets projected Trump won Tuesday’s presidential election. Trump Media’s stock, which trades under

By Chris Isidore, CNN New York (CNN) — No single business leader did more to support former President Donald Trump’s candidacy than Elon Musk. But the billionaire and his business empire face both positives and negatives after Trump won back the presidency in Tuesday’s election. Musk has donated nearly $119 million so far to a

By David Goldman, CNN New York (CNN) — US stocks rocketed higher Wednesday following a decisive and consequential victory for former President Donald Trump in Tuesday’s US presidential election. The massive rally kicked off in premarket trading and continued through the morning and afternoon trading sessions. The Dow soared by 1,507 points, or 3.57%, to

By Hadas Gold and Kristen Holmes, CNN New York (CNN) — Journalists from multiple news organizations have been denied credentials to former President Donald Trump’s election night watch event in West Palm Beach, Florida, in retaliation for their coverage of Trump’s campaign. Reporters at Politico, Axios, Puck and Mother Jones were among those denied credentials.

By Matt Egan, CNN New York (CNN) — Former President Donald Trump’s social media company was temporarily halted – twice – after a sudden and precipitous plunge on Election Day following a massive surge. Shares of Truth Social owner Trump Media & Technology Group, which trades under the symbol “DJT,” briefly turned negative after spiking

By Jordan Valinsky, CNN New York (CNN) — Bernard “Bernie” Marcus, the billionaire Home Depot cofounder and a Republican megadonor, who in recent years became an outspoken supporter of former President Donald Trump, has died, the company announced Tuesday. He was 95. “The entire Home Depot family is deeply saddened by the death of our

By Anna Cooban, CNN London (CNN) — Hundreds of Oasis fans are looking back in anger after falling victim to a “landslide” of ticket selling scams. The fans have lost £346 ($449) on average to fraudsters ahead of the British band’s reunion tour next year, with some losing as much as £1,000 ($1,298), UK lender

By Jordan Valinsky, CNN New York (CNN) — One of the biggest gifts this holiday season won’t fit under the tree, the chimney or even in some homes. Televisions that measure 97 inches (and more) diagonally across – a.k.a. XXL TVs – are becoming a huge hit as the cost of giant screens sinks sharply,

By Nicole Goodkind, CNN New York (CNN) — US stocks moved higher Tuesday as Americans cast their vote in a tight presidential race. The Dow was up by around 380 points, or 0.9%; the S&P 500 was 1% higher and the Nasdaq Composite gained 1.4% by mid-afternoon Tuesday. Treasury yields also rose, with the 10-year

By John Towfighi, CNN (CNN) — Warren Buffett’s Berkshire Hathaway has over $325 billion in cash on hand. But Buffett is in no rush to spend that on his own company’s stock. Berkshire Hathaway (BRK.A) did not buy back any of its own shares in the third quarter, ending a six-year-long streak of stock buybacks,