By Lucy Bayly, CNN New York (CNN) — Treasury Secretary Scott Bessent said Monday he believes the Federal Reserve system should be reviewed for potentially holding back the US economy, which is “on the cusp” of growth that could equal the dot-com boom seen in the 1990s. “I think that’s what the paradigm or the
Continue ReadingBy Brian Stelter, CNN (CNN) — Network late-night shows have been losing viewers for years, but “The Late Show with Stephen Colbert” is primed for a ratings bump right now. That’s because Monday night will be Colbert’s first new episode since CBS shocked the media sector by announcing “The Late Show” will end next May.
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By Jordan Valinsky, CNN New York (CNN) — Millions of people might be coping with extreme heat, but Starbucks is already getting ready for chilly fall temperatures with its most anticipated annual menu announcement. It could use the boost. The coffee chain revealed that its wildly popular Pumpkin Spice Latte beverage will return to menus
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By Bill Kirkos, CNN (CNN) — The Windy City is getting a boost from “the pope economy.” Since Pope Leo XIV’s election in May, creative entrepreneurs across the globe have worked overtime to stamp his likeness on everything from baby onesies to a cold pint of beer. But the frenzy to own the pope’s likeness
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By Vanessa Yurkevich, CNN New York (CNN) — First it was eggs, now it’s beef. The last time Americans likely noticed spiking prices at the grocery store was when eggs reached record-highs. Since then, egg prices have fallen after the deadly avian flu outbreak was contained and producers built back supply. Now, beef prices are
Continue ReadingBy Brian Stelter, CNN (CNN) — A sudden resurgence of interest in Jeffrey Epstein, and unanswered questions about his crimes, has been measurable this month in book sales, Netflix streams and YouTube searches. The data points to deep public curiosity in Epstein’s underage sex trafficking operation, and a possible government coverup, at a time when
Continue ReadingBy Lily Hautau, CNN (CNN) — One lucky Massachusetts man bought two winning lottery tickets at two different stores, earning him a $2 million payday. Paul Corcoran of Fitchburg, a small city in north-central Massachusetts, planned to play in the July 9 Powerball drawing. He had initially purchased a multi-draw ticket covering seven games but
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By Auzinea Bacon, CNN (CNN) — Warner Bros. Pictures’ “Superman” flew past the competition for the second straight week, grossing an estimated $57.25 million to top the box office this weekend. James Gunn’s reboot grossed $122 million in its opening weekend, according to data provided by Comscore. It has now grossed $235 million domestically and
Continue Reading WARNER BROS. PICTURES, PARAMOUNT PICTURES, UNIVERSAL PICTURES, COLUMBIA PICTURES, CNN By Auzinea Bacon, CNN (CNN) — Warner Bros. Pictures’ “Superman” flew past the competition for the second straight week, grossing an estimated $57.25 million to top the weekend box office. James Gunn’s reboot grossed $122 million in its opening weekend, according to data provided by
Continue ReadingBy Jeanne Sahadi, CNN (CNN) — The US federal estate tax has come a long way since 2000, when the exemption level was set at $675,000. The amount has increased greatly over the past quarter century. Americans who die in 2025 may leave behind tax free to their heirs up to $13.99 million. That exemption
Continue ReadingBy Rosa de Acosta, CNN (CNN) — America’s love for coffee has made the dark brewed beverage the most popular drink in the country. US adults drink 516 million cups of coffee every day, even though coffee prices have almost doubled in the past five years. The United States is the largest importer of coffee
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CNN By Alli Rosenbloom, CNN (CNN) — Coldplay frontman Chris Martin made sure to give concertgoers plenty of notice that they may appear on their video screens during the “Jumbotron Song” at their show Saturday night. “We’d like to say hello to some of you in the crowd,” Martin said on stage at Camp Randall
Continue ReadingBy Auzinea Bacon, CNN (CNN) — Andy Byron, the chief executive of New York-based tech company Astronomer, has resigned from his role after he was spotted embracing an employee at a Coldplay concert, according to a statement shared with CNN on Saturday. Astronomer’s board of directors accepted Byron’s resignation and will begin searching for its
Continue ReadingBy Tami Luhby, CNN New York (CNN) — As part of his campaign to get rid of Jerome Powell, President Donald Trump has blamed the Federal Reserve chair for costing the country “hundreds of billions of dollars” by not slashing interest rates. “You have cost the USA a fortune and continue to do so,” Trump
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By Brian Stelter, CNN (CNN) — President Trump’s lawsuit against journalist Bob Woodward and his publishing house Simon & Schuster was dismissed by a federal judge on Friday, the same day that Trump filed a new and unrelated suit against the Wall Street Journal. US District Judge Paul Gardephe of the Southern District of New
Continue ReadingBy Auzinea Bacon, CNN (CNN) — Raging wildfires and severe storms contributed to record-high global insurance losses — totaling an estimated $84 billion — for the first six months of the year, according to a report from reinsurance broker Gallagher Re. It has been the costliest first six months of a year since 2011, when
Continue ReadingBy Chris Isidore, CNN (CNN) — The Trump administration is imposing a substantial tariff on a raw material that is critical for electric vehicle batteries, which could significantly raise the cost of building EVs in the United States. The Commerce Department announced a 93.5% tariff on Chinese graphite Thursday, accusing the country of “dumping” the
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By Brian Stelter, CNN (CNN) — From the outside, the idea made no sense at all. Why would a broadcast network cancel one of its best-known shows that ranks number one in its time slot? But on the inside, at CBS, there were several plausible answers to that question. While “The Late Show” host Stephen
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By Amarachi Orie, CNN (CNN) — Tech giant Meta has apologized and said it has fixed an auto-translation issue that led one of its social media platforms to mistakenly announce the death of Indian politician Siddaramaiah. The chief minister of the southwestern Indian state of Karnataka posted on Instagram Tuesday in the local Kannada language,
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By John Towfighi and Bryan Mena, CNN New York/Washington (CNN) — If President Donald Trump were to fire Federal Reserve Chair Jerome Powell, it could have unintended and severe consequences that reverberate throughout the US economy and global markets. For now, the likelihood of the president actually moving to oust the head of the central
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