By Jordan Valinsky and Samantha Delouya, CNN New York (CNN) — Dick’s Sporting Goods is buying rival Foot Locker in a $2.4 billion deal, marking another major deal that tariff-prone apparel companies are making to future-proof themselves. In an announcement Thursday, Dick’s said the transaction will help the Pittsburgh-based sporting goods store internationally for the
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By Matt Egan, CNN New York (CNN) — In early April, Wall Street threw a temper tantrum that would make a toddler proud. Fearing President Donald Trump’s chaotic trade war would ignite a global recession, investors scrambled to dump US assets. The rare simultaneous selloff of both stocks and bonds reflected a serious loss of
Continue ReadingBy Juliana Liu and Alejandra Jaramillo, CNN (CNN) — Boeing has secured a deal with Qatar for up to 210 jets in what the White House is calling the aircraft maker’s “largest-ever” widebody order, worth $96 billion dollars. The order comes as the Gulf state’s prime minister, Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani, dismissed
Continue ReadingBy Alicia Wallace, CNN (CNN) — American consumers, battle-scarred by the pandemic and the subsequent surge in inflation, are already changing their spending patterns and delaying some purchases due to President Donald Trump’s chaotic tariff policy and the broader economic uncertainty, new survey data shows. The shift in spending plans was among the findings from
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By Hadas Gold, CNN (CNN) — Some X users on Wednesday asked Grok – the AI chatbot available through Elon Musk’s social media platform – questions about simple topics like baseball players or videos of fish being flushed down toilets. One user just asked Grok to talk like a pirate. In response, they got replies
Continue ReadingBy Ramishah Maruf, CNN New York (CNN) — At 94 years old, Warren Buffett stunned the investor world when he announced he was stepping down as CEO of Berkshire Hathaway. But he had a simple answer for why he decided to hand over the position to Greg Abel at the end of the year. “There
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By Marshall Cohen, CNN Washington (CNN) — A voting technology firm suing Fox News for defamation over its 2020 election coverage claimed senior corporate executives, including Rupert Murdoch, intentionally destroyed damning evidence in the case, according to court filings. Smartmatic levied the stunning new allegations on Wednesday, alleging in court filings that Fox “orchestrated the
Continue ReadingBy Nayeli Jaramillo-Plata, CNN (CNN) — Uber is launching a new service called Route Share, a carpool-like option aimed at budget-conscious commuters. Route Share will function somewhat like a commuter shuttle: “consistent and frequent pickup options along direct routes,” running every 20 minutes during the peak commute hours of 6 to 10 a.m. and 4
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By Jordan Valinsky, CNN New York (CNN) — In-N-Out is removing artificial coloring from two of its drinks and changing its ketchup. The moves come a few weeks after the US government said it will ban some synthetic dyes because of health concerns. The burger chain is eliminating artificial dyes from its strawberry milkshakes and
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By Marshall Cohen, CNN Washington (CNN) — Fox News lawyers will soon receive new documents that could bolster their defense against Smartmatic’s defamation lawsuit over the 2020 election. Reversing a lower court decision, a New York appeals court ruled Tuesday that Fox News can obtain disputed materials about a separate federal bribery indictment against senior
Continue ReadingBy Lisa Eadicicco, CNN (CNN) — Have you ever had Siri go off unintentionally? If so, you might be entitled to some cash from Apple. The possible payout is part of a $95 million settlement stemming from a class action lawsuit alleging that accidental Siri activations enabled the digital assistant to listen in on private
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By Liam Reilly, CNN (CNN) — Max will rebrand once more as HBO Max. Speaking on stage during Warner Bros. Discovery’s Upfront presentation to advertisers, HBO chief executive Casey Bloys announced that the company’s streaming platform, Max, would revert to its previous name, HBO Max. WBD executives emphasized that the move is an attempt to
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By Vanessa Yurkevich, CNN New York (CNN) — US ports are facing a dramatic slowdown in cargo – but they could see the exact opposite in a matter of weeks. Starting Wednesday, cargo leaving China bound for the United States will carry a 30% tariff rate – a reduction from the higher 145% tariff that
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By Clare Duffy, CNN New York (CNN) — The newest iPhones might come with a more expensive price tag this fall — even if the sticker price doesn’t change. Some analysts expect Apple to raise iPhone prices for its new lineup because of President Donald Trump’s tariffs. And the company is considering as much, according
Continue ReadingBy Anna Cooban, CNN London (CNN) — The latest installment of the Donald Trump Cinematic Universe has an audacious plot line: The protagonist wants to put a 100% tariff on all movies made abroad to restore a troubled American film industry to its former glory. But the critics aren’t impressed. “The idea is dumb,” Howard
Continue ReadingBy Anna Cooban, CNN London (CNN) — Burberry is aiming to slash 18% of its global workforce by 2027 as it looks for ways to cut costs and revive its ailing business. The British luxury fashion house said Wednesday that around 1,700 jobs were at risk as it reported a loss of £3 million ($4
Continue ReadingBy Matt Egan, CNN New York (CNN) — The lowest inflation rate in four-years was made possible by a trend that will surely bring smiles to the faces of Americans: Falling prices. Egg prices plunged between March and April by the most since 1984, according to the Bureau of Labor Statistics. Used cars and trucks
Continue ReadingBy Juliana Liu, CNN (CNN) — US President Donald Trump didn’t show up empty-handed on the first international trip of his second term. Joining him in Saudi Arabia were almost three dozen CEOs of America’s biggest companies, including Big Tech giants that signed $600 billion worth of deals. They brought some of the most coveted
Continue ReadingBy Ramishah Maruf, CNN New York (CNN) — Shoppers got a little relief this week from a giant tariff on previously cheap, duty-free goods from China. But the tariffs that do remain are still poised to derail the shopping habits of millions of Americans who shop at ultra-low-priced e-commerce sites like Shein and Temu. The
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By John Towfighi, CNN (CNN) — The S&P 500 benchmark stock index hit another milestone in its remarkable march higher from the brink of a bear market in recent weeks: It has now erased all its losses for this year. US stocks were mixed Tuesday as investors digested cooling inflation data and easing trade tensions
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