CNN – Business/Consumer

By Matt Egan, CNN New York (CNN) — Three Democratic senators are sounding the alarm about lucrative contracts and loans the Pentagon provided to companies linked to Donald Trump Jr. In a letter sent Thursday to Secretary of Defense Pete Hegseth, the lawmakers – Sens. Elizabeth Warren, Andy Kim and Richard Blumenthal – requested information

By Clare Duffy, CNN New York (CNN) — The joint venture acquiring TikTok’s US assets has been formally established and has announced its leadership team, according to the company, one day before the deadline set by President Donald Trump for the app’s US assets to be spun off by Chinese parent company ByteDance. The transaction’s

CNN By Chris Isidore, Matt Egan, CNN (CNN) — President Donald Trump is suing JPMorgan Chase, the nation’s largest bank, and its CEO Jamie Dimon, alleging it improperly dropped him as a client in 2021 for political reasons. The suit in state court in Florida seeks $5 billion in damages. The suit says that the

By Chris Isidore, Matt Egan, CNN (CNN) — President Donald Trump is suing JPMorgan Chase, the nation’s largest bank, and its CEO Jamie Dimon, alleging it improperly dropped him as a client in 2021 for political reasons. The suit in state court in Florida seeks $5 billion in damages. The suit says that the bank

By Matt Egan, Chris Isidore, CNN New York (CNN) — Severe winter weather warnings have fueled extreme price hikes in the notoriously-volatile natural gas market. The contracts for near-term US natural gas futures have skyrocketed more than 70% so far this week, according to FactSet data. That leaves natural gas on track for the biggest

By Alicia Wallace, CNN (CNN) — Consumers continued to ramp up their spending as the holiday shopping season kicked into high gear in November, but inflation continued to bite, new data showed Thursday. A shutdown-delayed report from the Commerce Department showed that spending rose 0.5% from October, above economists’ expectations for a 0.4% gain. Notably,

By Clare Duffy, Hadas Gold, CNN New York (CNN) — Elizabeth Holmes, the disgraced Theranos CEO, has asked President Donald Trump for an early release from prison after being convicted of defrauding investors, according to a request filed last year with the Department of Justice. Holmes was convicted in 2022 and reported to a federal

By Brian Stelter, Liam Reilly, CNN (CNN) — A federal judge has blocked the Justice Department from examining Washington Post reporter Hannah Natanson’s phone and computers for the time being. Magistrate Judge William B. Porter granted The Post’s motion for a “standstill order” in the case shortly after the newspaper sought one on Wednesday. “The

By Chris Isidore, Matt Egan, CNN (CNN) — JPMorgan Chase CEO Jamie Dimon limited his criticism of President Donald Trump in a question-and-answer session at Davos on Wednesday – with one notable exception. Trump’s plan for a 10% cap on credit card interest rates, Dimon said, “would be an economic disaster.” Speaking at the at

By Elisabeth Buchwald, Ana Nicolaci da Costa, CNN Strasbourg, France (CNN) — A key group of European Parliament members blocked a vote to ratify a US-European trade deal Wednesday after President Donald Trump threatened to take over Greenland and charge as much as an additional 35% tariff on countries opposed to his ambitions. Then, hours

By Lauren Said-Moorhouse, Lauren Kent, CNN London (CNN) — Prince Harry struggled to hold back his emotions as he wrapped up his evidence at a London court on Wednesday, as part of his lawsuit against the publisher of the Daily Mail over allegations of unlawful information gathering, saying “they have made my wife’s life an

By Jack Guy, CNN (CNN) — Michael O’Leary, CEO of Europe’s biggest airline, Ryanair, says his ongoing feud with tech billionaire Elon Musk has boosted the budget carrier’s ticket sales. “It is very good for our bookings,” O’Leary said at a news conference in Dublin on Wednesday, highlighting the fact that the company has been

By Elisabeth Buchwald, CNN (CNN) — If your next Amazon order seems more expensive, President Donald Trump’s sweeping tariffs may be partially to blame, Amazon CEO Andy Jassy said Tuesday. Like many retailers, Amazon and its vast network of third-party sellers loaded up on inventory ahead of Trump’s tariff rollout last spring. But that supply

By Brian Stelter, CNN (CNN) — In an ongoing struggle over the future of Warner Bros. Discovery, Netflix says it is now prepared to pay all cash for Warner Bros. and HBO, rather than a mix of cash and stock. Netflix and Warner Bros. Discovery, WBD for short, announced the amended plan on Tuesday morning,

By John Towfighi, CNN New York (CNN) — Investors revived the “Sell America” trade Tuesday and sold off US stocks, bonds and the dollar amid concerns about President Donald Trump’s clash with European leaders over ownership of Greenland. The Dow closed lower by 871 points, or 1.76%. The broader S&P 500 fell 2.06%. The tech-heavy

By Tami Luhby, CNN (CNN) — The richest people on the planet are far more likely to be in power politically than everyone else, Oxfam’s annual inequality report found. Some 74 of the world’s 2,027 billionaires held either executive or legislative government positions in 2023, giving them a 3.6% chance of holding office, according to

By Auzinea Bacon, CNN (CNN) — Tech giants are in a heated race to build data centers and dominate the AI landscape. But America might not be ready for the energy demand. The country’s aging electrical grid could struggle to keep up with the surge in energy needs. And US households are largely footing the

By Auzinea Bacon, CNN (CNN) — President Donald Trump purchased up to $2 million in Netflix and Warner Bros. Discovery investments days after the announcement of a megadeal between the two media giants, among other purchases, according to a financial disclosure from the White House, renewing questions from ethics experts around potential conflicts of interest.

By Clare Duffy, CNN New York (CNN) — ChatGPT may soon serve up ads for products it thinks you’d like to buy. OpenAI announced on Friday that it will be testing ads in its free version for logged-in, adult US users. It’s also rolling out an $8-per-month “Go” subscription tier that includes some upgraded capabilities,

By Jordan Valinsky, CNN New York (CNN) — Dos Equis is reviving its famous “The Most Interesting Man” advertising campaign after a decade in an effort to turn around the beleaguered brand. Sales of the Heineken-owned Mexican lager dropped last year, mirroring a broader industry decline as drinkers consume less beer. Executives hope the once-popular