CNN – Business/Consumer

From Reuters Nikola said Wednesday it had filed for Chapter 11 bankruptcy protection and would pursue a sale of all or most of its assets, after grappling with rapid cash burn and struggling to raise funds in the past few quarters. The development brings to a close a challenging journey that included numerous leadership changes,

By Jordan Valinsky, CNN New York (CNN) — KFC, the fast food chain formerly known as Kentucky Fried Chicken, is leaving the state where it all began. The chicken chain’s parent company, Yum Brands, announced Tuesday that KFC’s corporate headquarters is leaving Kentucky for Texas, joining sister brand Pizza Hut’s offices in the Dallas suburb

By Chris Isidore, CNN New York (CNN) — President Donald Trump threatened to place a tariff of around 25% on cars imported into the United States, a policy that could raise prices on cars from most automakers – including American car brands – almost immediately after the tariffs are imposed. The tariffs could add thousands

By Samantha Delouya, CNN (CNN) — Federal layoffs may soon come for America’s largest mortgage insurer, a powerful engine of the country’s housing market. On Tuesday, Bloomberg reported that President Donald Trump’s administration plans to lay off at least 40% of the workers at the Federal Housing Administration (FHA). However, a government spokesperson denied plans

CNN, POOL By Chris Isidore, CNN New York (CNN) — President Donald Trump threatened to place a tariff of around 25% on cars imported into the United States, a policy that could raise prices on cars from most automakers – including American car brands – almost immediately after the tariffs are imposed. The tariffs could

By John Liu and Elisabeth Buchwald, CNN (CNN) — President Donald Trump said on Tuesday that he plans to impose tariffs of around 25% on auto imports as well as semiconductors and pharmaceuticals shipped to the United States as early as April 2. Trump recently enacted a 10% across-board-tariff on goods coming from China and

By Chris Isidore, CNN New York (CNN) — Regional jets are despised by many passengers. They’re uncomfortable and cramped, with little space for both carry-on luggage and people. Although their use is on the decline, for many routes, there’s little choice but to fly them. The smaller jets have been getting attention due to two

CNN By Clare Duffy, CNN New York (CNN) — xAI on Monday unveiled its updated Grok 3 artificial intelligence model, as the Elon Musk-led startup pushes to keep pace with the advanced reasoning and search capabilities in competitors’ models. In an event livestreamed on Musk’s X, leaders at the startup claimed Grok 3 performs better

By Clare Duffy, CNN New York (CNN) — xAI on Monday unveiled its updated Grok 3 artificial intelligence model, as the Elon Musk-led startup pushes to keep pace with the advanced reasoning and search capabilities in competitors’ models. In an event livestreamed on Musk’s X, leaders at the startup claimed Grok 3 performs better across

By Jordan Valinsky, CNN New York (CNN) — Nike is in a slump. Sales are down, its stock has lost more than a quarter of its value over the past year and its new CEO needs some help turning around the aging athletic company. Enter Kim Kardashian. Nike is partnering with Kardashian for a new

By Jeanne Sahadi, CNN (CNN) — The Department of Government Efficiency (DOGE) — the special entity created by President Donald Trump and run by Elon Musk to bring about greater “governmental efficiency and productivity” — has been pressing for authorized access to IRS data systems right in the middle of tax-filing season. The IRS, of

By Jordan Valinsky, CNN New York (CNN) — Poppi and Olipop, watch out: Coca-Cola is entering the “better for you” soda category with a response of its own. This month, the beverage behemoth is rolling out Simply Pop, a prebiotic-packed soda that is flavored with fruit juice and vitamins that it claims “supports gut health,”

By Matthew Kaufman, CNN (CNN) — The White House has ordered thousands of government web pages to be taken down over the past month, leaving virtually no trace of some federal agencies’ policies regarding critical topics such as sexual orientation, January 6 cases and discrimination. Since President Donald Trump’s second inauguration, the government’s mass removal

By Ramishah Maruf, CNN New York (CNN) — Southwest Airlines said Monday it will cut 15% of its corporate workforce, or 1,750 people — the first mass layoffs in the company’s history. The cuts will start in April and include senior leadership, the company announced. Eleven senior leadership positions, which include vice presidents and above,

By Liam Reilly, CNN (CNN) — The Washington Post scrapped an upcoming print ad from a pair of advocacy groups calling for the firing of Elon Musk as head of the Department of Government Efficiency. The nixed wrap ad — one of two ads purchased for $115,000 by Common Cause and the Southern Poverty Law

By Chris Isidore, CNN New York (CNN) — Tesla sales are in an unprecedented slide. Competitors are rapidly gaining ground. There’s a lot of bad news for Tesla lately – but it’s unclear if the politics of its polarizing CEO, Elon Musk, are to blame. What is known is that Tesla had its first-ever drop

By Samantha Delouya, CNN (CNN) — Last summer, rule changes from the National Association of Realtors, the powerful real estate trade organization, threatened to upend the way Americans buy and sell homes. Some experts predicted the 6% commission, the unofficial fee for buying or selling a home, would be finished. Now, six months later, as

By Ramishah Maruf, CNN New York (CNN) — Many Americans enjoy a day off on the third Monday of February every year. That’s because it’s Presidents Day, officially named Washington’s Birthday in honor of America’s first president, George Washington (his actual birthday is February 22). The federal holiday has broadened to commemorate President Abraham Lincoln,

By John Liu, CNN Hong Kong (CNN) — Chinese leader Xi Jinping hosted Alibaba co-founder Jack Ma and the country’s top tech executives in Beijing on Monday, in a meeting that signals officials could be steering the country in a more business-friendly direction after a yearslong regulatory crackdown. Besides Ma, the other tycoons in attendance

By Auzinea Bacon, CNN (CNN) — “Captain America: Brave New World” was No. 1 at the weekend box office and is projected to finish as one of the highest-grossing Presidents’ Day weekend openers. According to Comscore estimates, the fourth “Captain America” film grossed about $88.5 million in domestic sales Friday through Sunday. It’s expected to