CNN – Business/Consumer

By Jeanne Sahadi, CNN (CNN) — The Consumer Financial Protection Bureau said Friday it filed a complaint against three of the country’s largest banks and the operator of Zelle, the most widely available peer-to-peer payment system, “for allowing fraud to fester” on that network. CFPB alleges that, as a result, hundreds of thousands of customers

By Emmy Abbassi and Jordan Valinsky, CNN New York (CNN) — Party City is closing down all of its stores, ending nearly 40 years in business, CNN has learned. CEO Barry Litwin told corporate employees Friday in a meeting viewed by CNN that Party City is “winding down” operations immediately and that today will be

By Alicia Wallace, CNN (CNN) — The Federal Reserve’s preferred inflation gauge moved slightly higher in November — but not as much as economists were expecting, an indication that price hikes aren’t accelerating in a worrisome fashion. Still, cost of living concerns are growing as 2025 approaches and uncertainty widens about potential inflationary global events

By David Goldman and Matt Egan, CNN (CNN) — President-elect Donald Trump doubled down on his tariff threats Thursday night, pledging to raise tariffs on European Union nations unless they increase their purchases of American oil and gas to narrow the trade gap with the United States. “I told the European Union that they must

By Chris Isidore, Vanessa Yurkevich and Nathaniel Meyersohn, CNN New York (CNN) — Members of Starbucks Workers United staged their first strike in 13 months Friday and plan an escalating strike between now and Christmas Eve in what would become the union’s largest work stoppage since the organizing campaign started at the coffee retailer three

By Jordan Valinsky, CNN New York (CNN) — Big Lots is preparing to close its remaining 963 locations after a sale to save the bankrupt retailer fell through. The company previously announced it was selling “substantially all” of its assets to private equity firm Nexus Capital Management in September, but Big Lots said in a

By Bryan Mena, CNN Washington (CNN) — America’s housing market is finishing a year of high prices, sluggish sales and elevated mortgage rates. But there are factors that could give it a boost next year. The Federal Reserve began to slash interest rates in September, but mortgage rates have actually risen since then. The average

By John Towfighi, CNN (CNN) — Amazon delivery drivers are on strike in four states across the US. Those on strike say that 400 packages, long hours and little help are part of a regular day at work. Amazon says that the strike won’t have an impact on holiday deliveries, but the delivery drivers who

CNN, WABC, WLS, X, AMAZON, SPECTRUM NEWS LA (SANTA BARBARA) By John Towfighi, CNN (CNN) — Amazon delivery drivers are on strike in four states across the US. Those on strike say that 400 packages, long hours and little help are part of a regular day at work. Amazon says that the strike won’t have

By Hadas Gold and Brian Stelter, CNN New York (CNN) — Veteran Fox News anchor Neil Cavuto, one of the network’s longest-serving hosts who became a frequent target of President-elect Donald Trump, is leaving the network after nearly three decades on the air. Cavuto made the announcement Thursday on his afternoon program “Your World,” saying

By Liam Reilly, CNN New York (CNN) — The press freedom group Reporters Without Borders is urging Apple to remove its newly introduced artificial intelligence feature that summarizes news stories after it produced a false headline from the BBC. The backlash comes after a push notification created by Apple Intelligence and sent to users last

By Chris Isidore, CNN New York (CNN) — On the day after Easter 2023, Dana Mitchell went to work, grabbed a coffee and walked to the conference room for the regular Monday morning meeting. She was talking to a co-worker about his tan from a vacation. She looked up and saw another co-worker, Connor Sturgeon,

By Jordan Valinsky, CNN New York (CNN) — It’s not just Chili’s that Americans are obsessed with. Darden Restaurants, which owns Olive Garden and LongHorn Steakhouse, reported better-than-expected sales at those two chains, helping propel its stock 9% higher in premarket trading Thursday. LongHorn sustained its momentum and posted same-store sales growth of 7.5%, outperforming

By Chris Isidore, CNN New York (CNN) — Amazon drivers went on strike in four states across the country with less than a week to go before Christmas – but the company is saying it’s not going to affect your holiday deliveries. Members of the Teamsters union have announced are striking at eight facilities across

By Samantha Murphy Kelly, CNN (CNN) — Personalized chatbots dating other chatbots on your behalf. AI concierges fielding questions about potential matches. Advanced algorithms predicting compatibility better than ever before. Dating apps are on the cusp of a major transformation. As much of the tech industry grapples with how to integrate artificial intelligence into its

By Ramishah Maruf, CNN New York (CNN) — When a CNN journalist called 1-800-CHATGPT on Wednesday, a female voice on the other end provided a recipe for chocolate chip cookies and summarized the Civil War. But the voice did not seem open to personal conversation. “I don’t have feelings, but I do find my job

CNN By John Towfighi and David Goldman, CNN New York (CNN) — The Dow plunged Wednesday on a disappointing outlook from the Federal Reserve. In the process, the blue-chip index extended its losing streak to 10 days — the longest such stretch since Gerald Ford was president. The Dow Jones Industrial Average ended the day

By Hadas Gold, Annie Grayer, Lauren Fox and Sarah Ferris, CNN New York (CNN) — In a flurry of posts Wednesday on his social media platform X, Elon Musk derided a Republican-backed government spending bill that if not passed by Friday night would lead to a government shut down. “This bill should not pass,” Musk

CNN By Hadas Gold, Annie Grayer, Lauren Fox and Sarah Ferris, CNN New York (CNN) — In a flurry of posts Wednesday on his social media platform X, Elon Musk derided a Republican-backed government spending bill that if not passed by Friday night would lead to a government shut down. “This bill should not pass,”