Money

CNN By Brian Stelter, CNN New York (CNN) — The incoming chairman of the Federal Communications Commission is sending a stern message to the owners of television stations and networks. And he is using ABC’s recent settlement with President-elect Donald Trump as a news peg of sorts. Brendan Carr, a Trump-appointed commissioner who will become

WFOR, CNN By Jordan Valinsky, CNN New York (CNN) — Following a brief outage that grounded all American airlines flights during one of the busiest travel periods of the year, American Airlines says it has resumed service Tuesday morning, albeit with substantial delays. American Airlines said a “vendor technology issue” was responsible for delaying all

By Jeanne Sahadi, CNN (CNN) — Who couldn’t use a little extra cash this month without having to lift a finger? A million tax filers are getting letters from the IRS indicating they have money coming to them because they were eligible to receive the 2021 Recovery Rebate Credit but didn’t claim it on their

By Samantha Delouya, CNN (CNN) — It has been just over two years since Zach Wiener awoke to the sound of glass breaking and his parents’ screams from the floor below him. He was in an unfamiliar bedroom, staying in a short-term rental home in Sag Harbor, New York, for a weeklong family vacation with

By Kayla Tausche, CNN (CNN) — A committee of top government agency officials has notified President Joe Biden that it has not reached a consensus on whether a sale of US Steel to a Japanese rival poses a national security risk, according to two sources familiar with the matter. The fate of Nippon Steel’s acquisition

By Kelly Murray, CNN (CNN) — A life-altering payday will soon be in store for one lucky New Jersey Lottery winner. The winner of a $1.128 billion Mega Millions jackpot has finally come forward to claim their staggering windfall nearly nine months since the ticket was drawn, according to a New Jersey Lottery press release.

By Ramishah Maruf, CNN New York (CNN) — The Consumer Financial Protection Bureau sued Walmart and fintech company Branch Messenger for allegedly forcing more than a million delivery workers to use expensive deposit accounts to access their paychecks, the agency announced Monday. The companies opened deposit accounts for Walmart’s drivers with their personal information, such

By Brian Stelter, CNN New York (CNN) — The incoming chairman of the Federal Communications Commission is sending a stern message to the owners of television stations and networks. And he is using ABC’s recent settlement with President-elect Donald Trump as a news peg of sorts. Brendan Carr, a Trump-appointed commissioner who will become chairman

By Jordan Valinsky, CNN New York (CNN) — Nordstrom, the upscale department store chain, is going private in a $6.25 billion deal with its founding family. The retailer announced Monday that the family — Erik, Pete and Jamie Nordstrom — as well as Mexican department store chain El Puerto de Liverpool will acquire the remaining

By Ramishah Maruf, CNN New York (CNN) — Last-minute errands often seem to pop up on Christmas and Christmas Eve, whether it’s buying a quick present or picking up one last ingredient. Many stores and offices are closed on the two holidays to give employees a chance to spend time with loved ones during the

By Rob Picheta, CNN London (CNN) — King Charles III has ended royal warrants for Cadbury and Unilever, which owns brands including Marmite and Ben & Jerry’s, in a blow to the household names. Charles announced the second set of warrants of his reign late last week, recognizing the included brands and companies as royal

By Elisabeth Buchwald, CNN New York (CNN) — While businesses across the US are fretting that President-elect Donald Trump’s threat of new tariffs could mean a massive hit to their bottom lines, at least one industry is gearing up for the exact opposite. With less than a month to go until Trump is back in

By Chris Isidore, CNN New York (CNN) — Honda and Nissan have formally agreed to hold talks over the next six months on a possible merger, a deal that would create the world’s third-largest automaker and give them more resources to compete with a growing threat from Chinese carmakers. A third, smaller Japanese automaker, Mitsubishi,

By Jordan Valinsky, CNN New York (CNN) — The Container Store has filed for bankruptcy. It is the latest well-known retailer to fall victim to customers cutting back on discretionary spending. The 46-year-old company said in a statement late Sunday that filing for Chapter 11 bankruptcy protection will help it “bolster its financial position, fuel

By Bryan Mena, CNN Washington (CNN) — Federal Reserve Chair Jerome Powell has steered the world’s most powerful central bank during a tumultuous period for the US economy, from the pandemic to a historic bout of inflation shortly after. But the job isn’t finished yet. Inflation is now well below the 40-year highs of 2022,

By Matt Egan, CNN New York (CNN) — Drivers across the country will be unwrapping a welcome present this holiday season: Cheaper gasoline. Americans will likely be greeted by the lowest Christmas Day gas prices since 2020 during the pandemic, according to GasBuddy, an app that crowd-sources pump prices. GasBuddy told CNN it expects gas

By Samantha Murphy Kelly, CNN (CNN) — After a catastrophic fire five years ago, the Notre Dame Cathedral de Paris reopened this month looking almost the same as it did when it was first constructed in 1163. The massive reconstruction project was a testament not just to the hard work of the French people –

By Auzinea Bacon, CNN (CNN) — The five-day strike against Starbucks reached nine states on Sunday, according to its union. The Starbucks Workers United said union workers in Missouri, New Jersey and New York began their strike Sunday after locations in Colorado, Ohio and Pennsylvania joined the strike Saturday. Workers United represents more than 10,000

By Jordan Valinsky, CNN New York (CNN) — This year was brutal for a number of well-known companies and their bottom lines. As inflation continued to rear its ugly head, consumers slashed their discretionary spending, tilting some companies to file for bankruptcy. Other brands fell victim to changing trends or even more malicious ailments, like