Money

By Christian Edwards, CNN London (CNN) — Three economists were awarded the Nobel Prize Monday for their research into how the nature of institutions helps explain why some countries become rich and others remain poor. Daron Acemoglu, Simon Johnson and James Robinson will share the prize, which carries a cash award of 11 million Swedish

By Vanessa Yurkevich, CNN (CNN) — For the past month TikTok users have been commenting on Nutter Butter’s account. “You good?” asked one. “Nutter Butter are you paying for my therapy or?” asked another. Some users have posted complete video responses trying to understand what was going on, tagging their posts “#weird.” The posts from

By Ramishah Maruf, CNN New York (CNN) — On the second Monday of October, Americans will be celebrating Indigenous Peoples’ Day, also known as Columbus Day. Indigenous Peoples’ Day recognizes the contributions and legacy of those who lived here long before Christopher Columbus erroneously claimed to have discovered America. President Joe Biden formally recognized Indigenous Peoples’ Day

By Vanessa Yurkevich, CNN (CNN) — Sunday marks one month since members of the International Association of Machinists began their strike against Boeing. The cost: nearly $5 billion, according to a new analysis by Anderson Economic Group, shared exclusively with CNN. That multi-billion-dollar tab highlights the difficulties facing the aircraft maker, once a byword for

By Erika Tulfo, CNN (CNN) — From cowboy boots to fried chicken-scented charms, foam footwear maker Crocs has a reputation for quirk. This month, Crocs is putting its best paw forward: The quirky-but-comfortable footwear maker is releasing a line of clogs for dogs. Pet Clogs are part of a partnership with pet supply company and

By Liam Reilly, CNN New York (CNN) — Former President Donald Trump’s campaign connected with Elon Musk’s X last month to discuss hacked Trump campaign materials circulating on the social media platform before X blocked links to the files and banned the independent journalist who published the materials, a person familiar with the matter told

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — The CEO of Boeing told employees late Friday that the company plans to cut 10% of its total staff “over the coming months.” “Our business is in a difficult position, and it is hard to overstate the challenges we face together,” said Kelly Ortberg,

By Jordan Valinsky, CNN New York (CNN) — A screen-time limit tool on TikTok doesn’t work in limiting teen usage, the company’s own analysis reportedly found, according to in unredacted documents accidentally revealed as part of a major lawsuit. The documents, obtained by Kentucky Public Radio (KPR) and reported in conjunction with NPR, reveal TikTok

By Jordan Valinsky, CNN New York (CNN) — Several hundred “underperforming” 7-Eleven locations across North America are closing, the convenience store announced. Seven & I Holdings, the chain’s Japan-based parent company, revealed in an earnings report Thursday that 444 locations of 7-Eleven are shutting down because of a variety of issues, including slowing sales, declining

By Alicia Wallace, CNN (CNN) — Inflation for US producers slowed further in September, adding to hopes that prices aren’t getting jacked up before they get to consumers. The Producer Price Index, which measures average price changes seen by producers and manufacturers, came in at 1.8% for the year that ended in September, a slight

By Brian Stelter, CNN New York (CNN) — The Atlantic is doing something exceedingly unusual for a magazine in 2024: increasing the number of issues it prints. The acclaimed 167-year-old magazine, once known as The Atlantic Monthly, is increasing its pace of publication from 10 issues to 12, returning to a monthly publication for the first time

By Issy Ronald, CNN (CNN) — Updating LinkedIn with a new job role is a rite of passage for many professionals, a chance to let the world know you’ve scrambled up another rung on the career ladder. But former FTX executive Ryan Salame made an unorthodox update to his profile on the site Thursday, as

By Ramishah Maruf, CNN New York (CNN) — Selling baggy jeans isn’t enough to win over Gen Z. Urban Outfitters, the young adult retailer known for its alternative, vintage-inspired styles, learned this the hard way. During its most recent earnings call, the company candidly admitted it didn’t know how to market to the demographic that

By Elisabeth Buchwald, CNN New York (CNN) — An exodus of national insurance companies from Florida, combined with local private insurers canceling plans, has left many homeowners there with only one option: Citizens Property Insurance Corp. The state-backed nonprofit home insurance company was set up to be an insurer of last resort for those who

By Chris Isidore, CNN New York (CNN) — Tesla CEO Elon Musk unveiled on Thursday his vision of a “a fun, exciting future,” an “age of abundance” full of his company’s self-driving cars without steering wheels, parking lots turned into parks and robots that will walk among the population – that he once again promised

CNN By Chris Isidore, CNN New York (CNN) — Tesla CEO Elon Musk unveiled on Thursday his vision of a “a fun, exciting future,” an “age of abundance” full of his company’s self-driving cars without steering wheels, parking lots turned into parks and robots that will walk among the population – that he once again

By Hadas Gold, CNN New York (CNN) — Univision will not fact check Vice President Kamala Harris or former President Donald Trump on stage during their respective town halls, the Spanish language network confirmed to CNN. The two town halls, on October 10 and October 16, will be moderated by Enrique Acevedo, the Mexico-based anchor of

By Liam Reilly, CNN New York (CNN) — Federal Communications Commission chairwoman Jessica Rosenworcel denounced former President Donald Trump’s “threats against free speech” Thursday after he attacked CBS and called for the network to “lose its license” over a recent “60 Minutes” interview with Vice President Kamala Harris. In recent days, the former president has lambasted the Harris interview, accusing CBS News of editing the sit-down with correspondent