Money

By Jordan Valinsky, CNN New York (CNN) — British luxury brand Burberry is replacing its chief executive following another disappointing quarter in which sales plunged more than 20%. Jonathan Akeroyd is leaving Burberry with “immediate effect,” the company said in its earnings release Monday, and replacing him with Joshua Schulman, a luxury wear veteran that has

By Oliver Darcy, CNN New York (CNN) — MSNBC will not air “Morning Joe,” its celebrated politics roundtable program, on Monday, opting to instead air continued breaking news coverage of the attempted assassination of former President Donald Trump. The progressive news network confirmed the decision to preempt its influential and top-rated morning show after a

By Simone McCarthy, CNN Hong Kong (CNN) — After months of unexplained delay, top officials from China’s ruling Communist Party are gathering in Beijing this week to signal the direction forward for the world’s second largest economy as it faces major economic challenges and friction with the West. Stakes are high for the meeting, which

By Erika Tulfo, CNN (CNN) — Measuring about half the length of a Ford F-150, Kei trucks look almost like toys in comparison to your standard pickup truck. But for a car so tiny, you might be surprised at the massive following that they command. Kei trucks, built to satisfy Japanese light automobile regulations and

By Bryan Mena, CNN Washington (CNN) — Quinn Merriss, an 18-year-old who identifies as transgender and non-binary, barely makes ends meet. Merriss was kicked out of their home after years of tension and arguments with their parents over being transgender. They now live independently without any financial support from relatives, working as a server earning

By Chris Isidore, CNN New York (CNN) — On Sunday, the cost of a stamp is going up for the second time this year, jumping 5 cents for first class postage to 73 cents. You probably didn’t notice. And truthfully, you may not care. But you should. Most people don’t use mail the way they used

By Samantha Delouya, CNN (CNN) — Meta announced Friday that it would remove restrictions placed on former President Donald Trump’s Facebook and Instagram accounts ahead of the Republican National Convention next week. The company said the decision was made to ensure that Trump, the presumptive Republican nominee for president, would have equal standing with Democrat

By Ramishah Maruf, CNN New York (CNN) — If you were an AT&T cellphone customer in 2022, your call data was possibly breached to bad actors. AT&T said Friday that data was breached from “nearly all” of its cellular customers and the customers of wireless providers that used its network between May 1, 2022, and

By Jordan Valinsky, CNN New York (CNN) — Stop & Shop is closing 32 underperforming grocery stores across the US northeast as part of the company’s efforts to improve its financial performance. Shoppers are also being squeezed by higher prices at the grocery store, with food prices experiencing modest upticks last month, according to the newest

By Olesya Dmitracova, CNN London (CNN) — European regulators have charged Elon Musk’s X with breaching its sweeping Digital Services Act, accusing the platform of misleading its users among other violations. “Today we issue for the first time preliminary findings under the Digital Services Act,” Margrethe Vestager, a senior official at the European Commission, said in

By Jeanne Sahadi, CNN New York (CNN) — Most banks offer free checking if, for instance, customers have their paycheck direct deposited or they maintain an average minimum balance. The majority of people with checking accounts (73%) take advantage of the option, according to a 2023 Bankrate.com survey. But if regulatory costs go up for

By Sean Lyngaas, CNN (CNN) — CDK Global, a software firm serving car dealerships across the US that was roiled by a cyberattack last month, appears to have paid a $25 million ransom to the hackers, multiple sources familiar with the matter told CNN. The company has declined to discuss the matter. Pinpointing exactly who