Money

By Bryan Mena, CNN Washington (CNN) — Inflation looks vastly different between these two beachside metropolises. The pace of home construction has been a deciding factor for both regions. The Tampa-St. Petersburg-Clearwater region in Florida recently saw the lowest inflation rate among 23 metropolitan areas across the country — 1.8% in the 12 months that

By Eva Rothenberg, CNN New York (CNN) — One of the year’s most hotly anticipated movies, “Deadpool & Wolverine,” is so far delivering on its promised hype with $96 million in domestic sales in its opening night, according to Comscore data. The summer blockbuster is on track to exceed $200 million domestically for the weekend,

CNN’s Elisabeth Buchwald, Chris Isidore, Bryan Mena and Allison Morrow (CNN) — President Joe Biden arrived at the White House in 2021 at a time of heightened chaos and uncertainty across a country reeling from the pandemic. Biden used his inauguration address to promote unity, in hopes of delivering a nation that’s “stronger, more prosperous,

By Chris Isidore, CNN New York (CNN) — Apple and the union representing retail workers at its store in Towson, Maryland, agreed to a tentative labor deal late Friday in the first US labor agreement not only for an Apple store but for any US workers of the tech giant. Workers at the Apple store

By Jeanne Sahadi, CNN New York (CNN) — Over the past couple of years, the Federal Reserve aggressively raised its key interest rate to a 23-year high to beat down inflation. Now that inflation has slowed substantially and is expected to cool further, the central bank is expected to embark on a rate-cutting campaign over the next

By Anna Cooban, CNN London (CNN) — It’s a situation familiar to many women: They go to the hair salon for a cut and spend a small fortune, while their male partners, brothers, uncles, and guy friends spend considerably less in the barbershop, or in the same salon. But are women really paying more for the

By Nathaniel Meyersohn, CNN New York (CNN) — Governments around the world have tried to kill the tobacco industry. Zyn, the brand of flavored oral nicotine pouches that comes in small, round containers resembling breath mints, is its latest strategy. While it’s ultimately owned by tobacco giant Philip Morris International, Zyn is a tobacco-free product.

By Hannah Rabinowitz and Evan Perez, CNN (CNN) — Allowing TikTok to continue to be operated by its current parent company could allow the Chinese government to covertly influence US elections, the Justice Department said in a court filing late Friday. In a federal appeals court filing, prosecutors raised concerns that TikTok’s algorithm could be

By Peter Valdes-Dapena, CNN (CNN) — In early June, Toyota announced the recall of nearly 100,000 Tundra pickups and about 3,500 Lexus luxury SUVs to fix a problem that could cause their engines to lose power while driving. At the time, Toyota said it was working to find a solution to the issue. The solution,

By Hadas Gold, CNN New York (CNN) — ABC News is continuing preparations for an upcoming presidential debate, despite former President Donald Trump saying he won’t consider participating in a debate until the Democratic Party formally chooses its nominee. “Full steam ahead,” an ABC network source told CNN on Friday. Despite ABC’s preparations for the debate, set to

By Liam Reilly, CNN New York (CNN) — Warner Bros. Discovery has filed a lawsuit against the NBA after the league rejected its matching offer to broadcast the league’s games for the next decade, ending the media company’s four-decade relationship with the NBA. The suit, which was filed Thursday under seal in New York County

By Nathaniel Meyersohn, CNN New York (CNN) — Southwest Airlines pioneered the low-fare, no-frills airline model. But Southwest is now ending open-seat boarding, a distinct part of its successful five-decade-long model and its brand identity. Southwest said Thursday that it will abandon its free-for-all seating arrangement and move to assigned seats. The company said 80%

By Liam Reilly, CNN New York (CNN) — “Inside the NBA” host Charles Barkley on Friday condemned the NBA’s rejection of a matching offer from TNT’s parent company to broadcast the league’s games for the next decade, blasting the NBA for prioritizing “money over the fans.” In a statement posted on his Instagram account, Barkley wrote,

By Krystal Hur, CNN New York (CNN) — Wall Street is undergoing a palpable vibe shift. Strong corporate earnings have helped stocks notch repeated record highs in 2024, despite stubborn inflation forcing investors to dial down their expectations for how many times the Fed will cut rates this year. But cooling inflation data in recent

By Allison Morrow, CNN New York (CNN) — Federal prosecutors in California on Friday charged prominent investor Andrew Left with multiple counts of securities fraud involving “a long-running market manipulation scheme” yielding at least $16 million in profit. The Department of Justice said Left, the founder of Citron Research, “exploited his ability to move stock

By Anna Cooban, CNN London (CNN) — The head of one of the world’s biggest hedge funds says artificial intelligence systems are unlikely to replace traders anytime soon. London-based Man Group, whose assets under management hit an all-time high of $178.2 billion during the first six months of the year, makes its money by charging

By Alicia Wallace, CNN (CNN) — Yet another favorable piece of economic data shows that price hikes are slowing and that long-unruly inflation appears to be tamed. The Personal Consumption Expenditures price index — a closely watched inflation gauge that the Federal Reserve uses for its 2% target — slowed to 2.5% for the 12

By Alicia Wallace and Alex Leeds Matthews, CNN (CNN) — The City of Lights will be in the spotlight for the next few weeks as Paris serves as center stage to incredible performances and achievements of the human body, mind and spirit. However, hosting the Olympic and Paralympic Games has become an extraordinary feat in

By Matt Egan, CNN New York (CNN) — LinkedIn co-founder Reid Hoffman is throwing his financial firepower behind Vice President Kamala Harris. Hoffman, who has donated $7 million to the leading pro-Biden and Harris super PAC, told CNN he’s “redoubling” efforts to support the campaign and has “great hope” that Harris will become the United

CNN By Samantha Delouya, CNN (CNN) — The number of US cities where first-time homebuyers are faced with at least a $1 million price tag on the average entry-level home has nearly tripled in the past five years, according to new research. A Thursday report from Zillow indicates that a typical starter home is now