Money

By Chris Isidore, CNN (CNN) — Prepare for automotive sticker shock next year – again. Average new car prices briefly topped $50,000 in September for the first time, before slipping back under that level in October. But now, automotive experts say, car prices are headed back over that level. And this time, they might stay

By Samantha Delouya, CNN (CNN) — Larry Summers has been banned for life from the American Economic Association, a professional organization for economists with more than 17,000 members, over his ties to the late sex offender Jeffrey Epstein. In a statement on Tuesday, the group said it had accepted Summers’ voluntary resignation. “Effective immediately, the

By John Towfighi, CNN (CNN) — Michael and Susan Dell on Tuesday announced that they are donating $6.25 billion to fund investment accounts for at least 25 million American children. The enormous pledge will go toward helping fund “Trump Accounts,” a new initiative that offers investment accounts for children. The “Trump Accounts” were established as

By Chris Isidore, CNN (CNN) — Store workers may not be quite as helpful this holiday shopping season. That’s a potentially worrying sign for the economy. Retailers typically load up on temporary staff in the final months of the year to help contend with the holiday rush. But the National Retail Federation forecasts a sharp

CNN By Chris Isidore, CNN (CNN) — Store workers may not be quite as helpful this holiday shopping season. That’s a potentially worrying sign for the economy. Retailers typically load up on temporary staff in the final months of the year to help contend with the holiday rush. But the National Retail Federation forecasts a

By Matt Egan, CNN New York (CNN) — The last time gasoline was this cheap, 4% inflation seemed alarming, JD Vance was still a private citizen and the United States had only just begun its messy withdrawal from Afghanistan. Gas prices dropped below an average of $3 a gallon in the United States on Tuesday

By Matt Egan, CNN New York (CNN) — Black Friday once again proved that Americans are willing to shop when they spot bargains. Mastercard reported a steady 4.1% increase in US retail sales on Black Friday and Adobe Analytics said online shopping surged by 9.1%. Salesforce expects Cyber Monday sales to also climb by 4%.

By Ana Nicolaci da Costa, Maisie Linford, CNN London (CNN) — Airbus has identified an issue affecting “a limited number” of metal panels in its A320 passenger planes, a spokesperson for the company said Monday, just days after warning of another technical problem in its aircraft. The plane manufacturer is inspecting all aircraft that are

By Auzinea Bacon, CNN (CNN) — Teddy bears and stuffed plushies have long been a mainstay in toy collections. But today they don’t talk back in a child’s imagination — some talk through built-in AI chatbots. Sometimes that’s a problem, though: A scarf-wearing teddy bear recently went off the rails during a playtest with researchers

By Auzinea Bacon, CNN (CNN) — Walt Disney Animation’s “Zootopia 2” and Universal’s Broadway musical adaptation “Wicked: For Good” delivered movie theaters a much-needed one-two punch for the holiday weekend box office. “Zootopia 2” debuted on Wednesday, kicking off a five-day Thanksgiving opening weekend. Its $156 million estimated gross is the second-best five-day Thanksgiving debut,

UNIVERSAL PICTURES, WALT DISNEY PICTURES, LIONSGATE MOVIES, 20TH CENTURY STUDIOS, PARAMOUNT PICTURES, CNN By Auzinea Bacon, CNN (CNN) — Walt Disney Animation’s “Zootopia 2” and Universal’s Broadway musical adaptation “Wicked: For Good” delivered movie theaters a much-needed one-two punch for the holiday weekend box office. “Zootopia 2” debuted on Wednesday, kicking off a five-day Thanksgiving

By Nathaniel Meyersohn, Auzinea Bacon, CNN (CNN) — US retail sales on Black Friday, the busiest shopping day of the year, climbed 4.1% compared with last year, according to data released Saturday by Mastercard SpendingPulse. Online shoppers alone spent $11.8 billion, up 9.1% from 2024, according to data collection platform Adobe Analytics. But those gains

By Samantha Delouya, Elisabeth Buchwald, CNN (CNN) — Greg Bettinelli discovered Pasta Rummo on his honeymoon in Florence in 2002, at a time when the brand was nearly impossible to find in the United States. He and his wife stuffed their suitcases with as much of it as they could carry. These days, the Italian

By Chris Isidore, CNN (CNN) — Sears, once America’s largest and most important retailer, could very be going into its last Christmas shopping season. The Sears chain had 2,000 stores as recently as 20 years ago and more than 200 stores when it emerged from bankruptcy in 2019. Now it has just five, after three

By Hadas Gold, CNN (CNN) — Chipmaker Nvidia posted yet another blockbuster earnings report this month. The stock fell anyway, as many investors worry that the market is in the middle of an about-to-burst AI bubble. But for AI’s biggest believers, the report was just another sign that the industry’s train isn’t running out of

By Gordon Ebanks, CNN (CNN) — In Polk County, Iowa, the Urbandale Food Pantry started giving out turkeys and Thanksgiving sides weeks ago. Demand was so high, with over 2,000 families visiting so far this month, that the pantry ran through its allotment of Thanksgiving staples. Fortunately, additional funding, including donations from the community, meant