CNN – Business/Consumer

By John Towfighi, CNN (CNN) — Warren Buffett’s Berkshire Hathaway has over $325 billion in cash on hand. But Buffett is in no rush to spend that on his own company’s stock. Berkshire Hathaway (BRK.A) did not buy back any of its own shares in the third quarter, ending a six-year-long streak of stock buybacks,

By Matt Egan, CNN New York (CNN) — Clues about how this election cliffhanger will end may be hiding in an unlikely place: Your 401(k). As people try to make sense of the latest swings in prediction markets and dramatic shifts in the share price in former President Donald Trump’s social media company, there’s a

By Chris Isidore, CNN New York (CNN) — Striking workers at embattled plane maker Boeing voted Monday to accept the company’s most recent offer, ending the costliest strike in the United States in more than 25 years. The International Association of Machinists (IAM) said rank-and-file members voted by 59% to approve the deal. IAM members

By Clare Duffy, CNN (CNN) — Elon Musk on Monday held a digital version of the town-hall-style rallies he has hosted on behalf of former President Donald Trump. But the event on X ended just a few minutes after it started, when Musk encountered technical difficulties. The event began streaming more than 20 minutes after

By Ramishah Maruf, CNN New York (CNN) — Embattled discount chain Dollar Tree announced its CEO and chairman, Rick Dreiling, had stepped down on Sunday. Dreiling, who had just joined Dollar Tree as executive chairman in March 2022, said he is leaving for personal reasons. “With my health presenting some new challenges over the past

By David Goldman, CNN (CNN) — Shares of former President Donald Trump’s social media company roared higher on the final day before the US presidential election. Trump Media & Technology Group (DJT), the parent company of Truth Social, surged 12% Monday. There was no apparent catalyst for the increase. The stock has been highly volatile

By Samantha Delouya, CNN (CNN) — A record number of Americans in 2024 used an inheritance to help finance a down payment on their first home. That’s according to a new survey from the National Association of Realtors, which found Americans who bought homes for the first time between July 2023 and June 2024 were

By Marshall Cohen, CNN Washington (CNN) — In the run up to the high-stakes 2024 presidential election, Elon Musk has posted a blizzard of false and misleading claims about the election on his social media platform that have generated more than two billion views this year, according to new research analysis from a nonprofit that

By Jordan Valinsky, CNN New York (CNN) — The hangover has finally arrived for spirits and beer companies, as the surge in sales boosted by Americans who stayed at home during the Covid-19 pandemic has ended. Earnings from some of the world’s biggest alcohol makers — including Remy Cointreau, Absolut vodka maker Pernod Ricard, Jose

By Vanessa Yurkevich, CNN (CNN) — Ahead of the 2020 election, Nike released a star-studded get-out-the-vote campaign called “You Can’t Stop Our Voice.” The video starts with a mash-up of some of the biggest sports stars, including LeBron James and Naomi Osaka, and ends with them wearing shirts emblazoned with “VOTE.” Nike wasn’t alone. Under

By Bryan Mena, CNN Washington (CNN) — A dense fog clouding the US economy could soon clear. For months, US consumers and businesses have felt some degree of paralysis from the upcoming presidential election, putting off purchases and investments until the world knows who will move into the White House, according to surveys and comments

By Hadas Gold, CNN New York (CNN) — By all accounts, it is unlikely Americans will go to bed on Election Day knowing who their next president will be. As polls show a dead heat between former President Donald Trump and Vice President Kamala Harris in the final days of the race, news outlets are

By Jordan Valinsky, CNN New York (CNN) — TGI Fridays Inc., the American casual dining chain, filed for Chapter 11 bankruptcy protection Saturday. The company said in a statement that fallout from the Covid-19 pandemic was the “primary driver of our financial challenges” and it will use the Chapter 11 process to “explore strategic alternatives

Story by Reuters (CNN) — Warren Buffett and Berkshire Hathaway extended their retreat from stocks in the third quarter, slashing their holdings in Apple and boosting cash to a record $325.2 billion. Berkshire also reported a 6% decline in quarterly operating profit, largely the result of higher insurance underwriting liabilities including for Hurricane Helene, and

By Samantha Delouya, CNN (CNN) — Home-building policy, local zoning restrictions and the use of federal lands don’t usually find their way into the world of flashy presidential campaign politics, but both Vice President Kamala Harris and former President Donald Trump have prioritized those topics as the election draws to a close. That’s because housing

CNN By Liam Reilly, CNN New York (CNN) — Conservative radio host Hugh Hewitt resigned from his contributing columnist role at The Washington Post on Friday after storming off the newspaper’s live show over a disagreement with his colleagues. Hewitt’s resignation came after an appearance on “First Look,” the Post’s live show hosted by Jonathan

By Jeanne Sahadi, CNN (CNN) — Come next year, you will be allowed to save a little more in your 401(k) on a tax-deferred basis than you can this year, unless you’re in your early 60s, in which case for the first time you’ll be allowed to save a lot more. The new contribution limit

CNN By Matt Egan and David Goldman, CNN (CNN) — Former President Donald Trump’s social media stock is plunging just ahead of the election, cutting deeply into his net worth. After an absurd spike over the past five weeks that was based entirely on Trump’s perceived reelection prospects — and had nothing to do with

By Liam Reilly, CNN New York (CNN) — Conservative radio host Hugh Hewitt resigned from his contributing columnist role at The Washington Post on Friday after storming off the newspaper’s live show over a disagreement with his colleagues. Hewitt’s resignation came after an appearance on “First Look,” the Post’s live show hosted by Jonathan Capehart,

By Matt Egan and David Goldman, CNN (CNN) — Former President Donald Trump’s social media stock is plunging just ahead of the election, cutting deeply into his net worth. After an absurd spike over the past five weeks that was based entirely on Trump’s perceived reelection prospects — and had nothing to do with the