Money

By Auzinea Bacon, CNN (CNN) — President Donald Trump on Saturday said Walmart needs to stop “trying to blame tariffs” after the retail giant announced its products would become more expensive. Walmart’s CEO said the price increases were a result of Trump’s tariffs being “too high,” particularly when it came to Chinese goods. “We will

By Elisabeth Buchwald and Tami Luhby, CNN (CNN) — Moody’s Ratings downgraded the United States’ debt on Friday, stripping the country of its last perfect credit rating. The move could rattle financial markets and push up interest rates, potentially creating an additional financial burden for Americans already struggling with tariffs and inflation. Of the three

By Clare Duffy, CNN New York (CNN) — If you search “Adderall” on Spotify’s podcast page, you’ll find health podcasts about ADHD, shows about addiction recovery and comedy podcasts where hosts talk about using the medication. You may also come across multiple pages masquerading as podcasts that direct users to buy drugs from potentially dangerous

By Chris Isidore, CNN (CNN) — The US Department of Justice is set to drop a criminal case against aircraft maker Boeing despite the fact that the company agreed to plead guilty last year, according to attorneys for families of victims of two fatal crashes of the 737 Max that led to the case. The

By Liam Reilly and Hadas Gold, CNN Elon Musk’s artificial intelligence company on Friday said a “rogue employee” was behind its chatbot’s unsolicited rants about “white genocide” in South Africa earlier this week. The clarification comes less than 48 hours after Grok — the chatbot from Musk’s xAI that is available through his social media

By Jordan Valinsky, CNN New York (CNN) — Bahama Breeze abruptly closed more than one-third of its restaurants this week, further compounding the casual dining segment’s problems. Darden Restaurants, Bahama Breeze’s parent company, said in a statement that the closure of 15 locations was the “right decision because it will allow Bahama Breeze to focus

By Alicia Wallace, CNN (CNN) — Americans’ feelings about the US economy remain in the doldrums after President Donald Trump’s tariffs: Consumer sentiment continued its freefall this month, settling in at a near-record low. The University of Michigan’s closely watched consumer sentiment index fell 2.7% to a preliminary reading of 50.8 for May, dropping further

By Tami Luhby, CNN (CNN) — Keeping cool could cost a lot more this summer — yet another financial squeeze for many inflation-weary consumers. Americans can expect to shell out a record $784, on average, to cool their homes from June through September, according to a new analysis by the National Energy Assistance Directors Association

By Jordan Valinsky, CNN New York (CNN) — Two of the biggest cable companies in the United States have agreed to merge, marking a major milestone in consolidation as cord-cutters continue to ditch their pricey TV packages, thus forcing companies to adjust to their dwindling futures. Charter Communications, which operates under the Spectrum branding, is

By David Goldman and Betsy Klein, CNN (CNN) — If you thought President Donald Trump’s trade war was over, he has some news for you: Tariffs are going up again. At the conclusion of his Middle East trip Friday, Trump acknowledged that trade negotiations are progressing too slowly to accommodate every country that wants to

By Jordan Valinsky, CNN New York (CNN) — Rite Aid has sold the pharmacy services of most of its stores across the United States to several rivals. The bankrupt company announced the fire sale Thursday, with CVS Pharmacy, Walgreens, Albertsons and Kroger scooping up Rite Aid’s pharmacy services at more than 1,000 locations. “These agreements

By Chris Isidore and Vanessa Yurkevich, CNN (CNN) — Engineers at New Jersey Transit went on strike early Friday, bringing trains on the nation’s third-largest commuter rail service to a halt. A final day of negotiations between the state-run commuter rail service and the Brotherhood of Locomotive Engineers and Trainmen (BLET) failed to reach an

By Matt Egan, CNN New York (CNN) — UnitedHealth Group, one of America’s biggest corporations and a member of the exclusive Dow Jones Industrial Average, is suddenly unraveling. The crisis engulfing UnitedHealth hit a crescendo this week when CEO Andrew Witty stepped down abruptly for “personal reasons.” UnitedHealth also swiftly abandoned its financial guidance, blaming

By Elisabeth Buchwald, CNN (CNN) — While many economists are saying the risk of an imminent recession has diminished since China and the United States agreed to lower tariffs earlier this week, JPMorgan Chase’s CEO, Jamie Dimon, is still penciling one in. “I wouldn’t take it off the table at this point,” Dimon said in