Money

By Liam Reilly, CNN (CNN) — Dr. Phil’s TV network, Merit Street Media, filed for bankruptcy on Wednesday and sued Christian television giants Trinity Broadcasting Network and TCT Ministries for allegedly harming its business and contributing to its financial woes. The lawsuit, filed by Fort Worth-based Merit Street with the US Bankruptcy Court in the

By Clare Duffy, CNN New York (CNN) — Microsoft is laying off thousands of employees, its third round of cuts in recent months, the company confirmed on Wednesday. The staff reduction will affect less than 4% of the company’s total workforce, or around 9,000 workers, according to a company spokesperson. It marks the tech giant’s

CNN By Brian Stelter and Liam Reilly, CNN (CNN) — CBS News parent Paramount Global has agreed to pay $16 million to resolve an extraordinary lawsuit filed by President Donald Trump over a “60 Minutes” news report last fall. The long-gestating and highly controversial settlement payment was announced by Paramount late Tuesday night. Paramount said

By Elisabeth Buchwald and Alejandra Jaramillo, CNN (CNN) — Against a ticking clock, President Donald Trump said Wednesday the United States has reached a trade agreement with Vietnam, pulling off the administration’s third significant deal ahead of a self-imposed July 9 deadline. Still, the state of global trade largely remains in flux. “I just made

By Chris Isidore, CNN (CNN) — Tesla reported another record sales plunge Wednesday, as brand damage from CEO Elon Musk’s political activities and increased competition continued to batter the once fast-growing electric car maker. Tesla reported it sold 384,122 cars in the quarter, down nearly 60,000 cars, or 13.5% from the sales total a year

By Jordan Valinsky, CNN New York (CNN) — Chuck E. Cheese isn’t just for the kids anymore. The arcade chain is opening a spin-off aimed at adults, called “Chuck’s Arcade,” which the company describes as a “modern-day love letter to the games and people who made Chuck E. Cheese great.” Similar to the kiddie version,

By Alicia Wallace, CNN (CNN) — The US private sector lost jobs in June, the first negative month in more than two years, according to new data Wednesday from payroll provider ADP. US employers lost an estimated 33,000 jobs, according to ADP’s monthly national employment report. Economists were expecting ADP’s report to show a net

By Bryan Mena, CNN Washington (CNN) — Linda Wilburn, a 62-year-old retiree in Susanville, California, did not plan to buy a car this year. She originally wanted to save up, build her credit and buy a used car next year — a necessary purchase, she said. But President Donald Trump’s tumultuous trade war drove her

By Hadas Gold, CNN (CNN) — Elon Musk has started multiple successful companies that have accomplished incredible technological feats. His latest ambition may be significantly more difficult to achieve: starting a new American political party for the masses. Citing his disappointment in President Donald Trump and his massively expensive domestic policy bill, Musk said he

By Jordan Valinsky, CNN New York (CNN) — Del Monte Foods, the 138-year-old company best known for its canned fruits and vegetables, has filed for bankruptcy and is looking for a buyer. Late Tuesday, the company announced it was voluntarily entering Chapter 11 and is going through a sale process for all of its assets.

By John Liu, Yumi Asada and Ramishah Maruf, CNN (CNN) — US President Donald Trump cast doubt on reaching a trade deal with Japan, a day after threatening higher tariffs on Japanese exports to the United States, claiming the country won’t buy American rice. “We’ve dealt with Japan. I’m not sure if we’re gonna make

By Brian Stelter and Liam Reilly, CNN (CNN) — CBS News parent Paramount Global has agreed to pay $16 million to resolve an extraordinary lawsuit filed by President Donald Trump over a “60 Minutes” news report last fall. The long-gestating and highly controversial settlement payment was announced by Paramount late Tuesday night. Paramount said the

By Brian Stelter and Gustavo Valdes, CNN (CNN) — An immigration judge in Georgia has ordered the release of the Spanish-language journalist and live-streamer Mario Guevara on bail while his immigration process continues, a relative of Guevara confirmed to CNN. Guevara, who came to the US from El Salvador in 2004, has been in Immigration

By Ramishah Maruf, CNN New York (CNN) — Waffle House had a welcome announcement for customers of its round-the-clock breakfast offerings: it has officially taken its egg surcharge off the menu. The Georgia-based chain that maintains an eerily accurate index for natural disasters may also now be providing a barometer for America’s food prices. The

CNN By David Goldman and Hadas Gold, CNN (CNN) — The truce between Elon Musk and President Donald Trump didn’t even last a month. After the Senate narrowly passed a procedural vote to debate Trump’s “Big, Beautiful Bill” over the weekend, Musk on Monday said he would use his vast resources to launch primary campaigns

By Clare Duffy, CNN New York (CNN) — The US Senate has voted nearly unanimously to remove a 10-year moratorium on the enforcement of state artificial intelligence regulations from Republicans’ sweeping domestic policy bill. The provision in the Senate bill would have effectively prevented states from enforcing many proposed and existing AI-related laws — including

By Alicia Wallace, CNN (CNN) — The “wait-and-see” is turning into a “just-can’t-wait-anymore.” US employers moved forward on plans to increase their workforces in May, with the number of available jobs rising to a six-month high, according to Bureau of Labor Statistics data released Tuesday. Job openings, which serve as a closely watched measure of

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve would likely have lowered interest rates this year if it weren’t for President Donald Trump’s significant policy changes, Chair Jerome Powell said Tuesday. “I do think that’s right,” he said at a central banking forum in Sintra, Portugal, when asked if the Fed would have

By David Goldman and Hadas Gold, CNN (CNN) — The truce between Elon Musk and President Donald Trump didn’t even last a month. After the Senate narrowly passed a procedural vote to debate Trump’s “Big, Beautiful Bill” over the weekend, Musk on Monday said he would use his vast resources to launch primary campaigns against