Money

By Jordan Valinsky, CNN New York (CNN) — Wendy’s is closing 140 restaurants in the coming months, the fast food chain announced this week. But the company said it would open an equal number of new locations in areas it believes can generate better business for Wendy’s. The restaurants targeted to close are “outdated and

By Nathaniel Meyersohn, CNN New York (CNN) — Consumers are turning away from pricier Starbucks coffee, McDonald’s Big Mac meals, Doritos chips, Monster energy drinks and Heineken beer. But they can’t stop guzzling Coke and Dr Pepper. Both Coca-Cola and Dr Pepper said last week on quarterly earnings calls that they sold more soda cases

By Ramishah Maruf, CNN New York (CNN) — Election Day is around the corner, and along with an “I Voted” sticker, some companies are offering perks from a discounted ride to the polls to a free sweet treat. While it’s illegal to reward people for voting or paying people to register to vote (as evidenced

By Matt Egan, CNN New York (CNN) — In 2020, former President Donald Trump warned that the historic stock market boom on his watch would implode if voters replaced him with Joe Biden. “If you want your 401k’s and stocks…to disintegrate and disappear, vote for the Radical Left Do Nothing Democrats and Corrupt Joe Biden,”

By Alicia Wallace, CNN (CNN) — The monthly jobs report — the final piece of major economic data to land before a consequential, contentious and too-close-to-call election — was clear as mud. The US economy added just 12,000* jobs in October, according to data released Friday by the Bureau of Labor Statistics. If the initial

By Rashard Rose and Jon Passantino, CNN (CNN) — Former President Donald Trump filed a lawsuit Thursday against CBS, demanding $10 billion in damages over the network’s “60 Minutes” interview with Vice President Kamala Harris. The suit was immediately ridiculed by First Amendment attorneys, who called it “frivolous and dangerous.” In the complaint filed in

By Elisabeth Buchwald, CNN New York (CNN) — For months, many Republicans, including former President Donald Trump, have been quick to assert — without proof — that subsequent downward revisions to initial employment estimates published by the Bureau of Labor Statistics were intentional in order to mask the true state of the economy at the

By Alicia Wallace, CNN (CNN) — The barrage of economic data released so far this week has painted a pretty clear picture: Growth is rock solid, and inflation is all but tamed. In any other month, the finishing touch would be a clean reading on the labor market from the official jobs report. However, it’s

By Alicia Wallace, CNN (CNN) — Inflation has slowed further and is just a hair’s breadth from the Federal Reserve’s 2% target. The Personal Consumption Expenditures price index, which is the Fed’s preferred inflation gauge, showed prices rose 2.1% for the year ended in September, a slowdown from 2.3% in August, according to Commerce Department

By Jeanne Sahadi, CNN (CNN) — A lot of people stick with their bank for years. Many, many years. That may be because they’re satisfied with the services they get. But in some instances it may be because it’s just too much of a hassle to move their money, especially if they have automated bill

By Matt Egan, CNN New York (CNN) — After a ridiculous spike over the past five weeks that had absolutely nothing to do with the company’s actual business, former President Donald Trump’s social media stock is suffering a sudden setback. Truth Social owner Trump Media & Technology Group’s share price plunged 22.3% on Wednesday. That marks

By Jordan Valinsky, CNN New York (CNN) — People apparently can’t get enough of the Big Smasher burger, $6 margaritas and Triple Dipper combination platters at Chili’s. Brinker International, Chili’s parent company, reported a 14% jump in same-store sales and 6.5% increase in traffic as the chain continues to perform strongly with promotions that target

By Hanna Ziady, CNN London (CNN) — The United Kingdom is raising taxes by an eye-watering £40 billion ($52 billion), as the government seeks to plug a hole in its finances by targeting higher earners, wealthy foreigners and businesses. UK finance minister Rachel Reeves, the first woman to ever hold the position, unveiled the tax