CNN – Business/Consumer

By Nathaniel Meyersohn, CNN New York (CNN) — The days of a Starbucks on every corner seem to be coming to an end. For years, Starbucks staked its reputation on its ability to expand relentlessly in cities and suburbs. Comedian Lewis Black even riffed in 2001 that the “end of the universe” was in Houston,

By Tami Luhby, CNN (CNN) — President Donald Trump announced Thursday that brand-name or patented pharmaceutical products will be subject to a 100% tariff starting October 1 – unless the drugmaker is building a manufacturing plant in the US. Trump has been promising for months to levy tariffs on pharmaceutical imports, which avoided tariffs during

By David Goldman, CNN (CNN) — President Donald Trump on Thursday announced sweeping tariffs on various household products, including imported kitchen cabinets and certain kinds of furniture – potentially adding even more costs to a category that has surged in price in recent months. Trump also announced heavy truck tariffs and pharmaceutical tariffs Thursday. “We

CNN By Samantha Waldenberg, Clare Duffy, CNN (CNN) — President Donald Trump signed an executive order on Thursday clearing the way for the completion of a deal to sell TikTok’s US assets to a consortium of mostly American investors. The order marks an important procedural step toward finalizing the TikTok sale, but the deal is

By Oren Liebermann, Tal Shalev, CNN (CNN) — Microsoft has terminated a set of services for the Israeli military after an investigation suggested Israel was using the company’s cloud computing technology for mass surveillance of Palestinians. In a statement posted the company’s blog, Microsoft President Brad Smith said the company had “ceased and disabled a

By Bryan Mena, CNN Washington (CNN) — Federal Reserve Governor Lisa Cook has the support of every living former chair of the central bank’s powerful Board in her legal battle with President Donald Trump, who tried to fire her last month based on unproven allegations of mortgage fraud, according to an amicus brief filed to

By Jordan Valinsky, CNN New York (CNN) — Amazon is paying a historic $2.5 billion settlement with the Federal Trade Commission, the agency announced Thursday, ending a two-year dispute over allegations the company tricked consumers into signing up for its Prime subscription service and then made it hard to cancel. As part of the agreement,

By Brian Stelter, CNN (CNN) — Newfound enthusiasm about Jimmy Kimmel’s show is not evaporating after just one monologue. Kimmel’s Wednesday night follow-up to his Tuesday night comeback show quickly racked up millions of views on YouTube on Thursday morning, indicating that interest in Kimmel’s commentary remains way above normal. By 2 p.m. ET on

By Bryan Mena, CNN Washington (CNN) — The US economy’s comeback in the second quarter was just revised higher again, and economists estimate that momentum carried on in the third quarter, underscoring the resilience of the world’s largest economy. Gross domestic product, the broadest measure of economic output, rose at an annualized rate of 3.8%

By Samantha Waldenberg, Clare Duffy, CNN (CNN) — President Donald Trump signed an executive order on Thursday clearing the way for the completion of a deal to sell TikTok’s US assets to a consortium of mostly American investors. The order marks an important procedural step toward finalizing the TikTok sale, but the deal is not

By Jordan Valinsky, CNN New York (CNN) — Starbucks is taking “significant action” to turn around its struggling business, closing a large number of cafés and announcing a second round of layoffs at its headquarters as part of CEO Brian Niccol’s efforts to resuscitate the troubled chain. Niccol announced Thursday that Starbucks will close hundreds

By Natasha Chen, CNN Los Angeles, CA (CNN) — The nearly 102-year-old Walt Disney Company is no stranger to being catapulted into America’s culture wars. But the wrangling over “Jimmy Kimmel Live!” this month marked a new milestone in the entertainment behemoth’s frequent foray into culture-war flashpoints. Just since 2020, Disney has dealt with political

By Wayne Chang, John Liu, CNN Taipei, Taiwan/Hong Kong (CNN) — Giant, the world’s largest bike manufacturer, on Thursday warned of delays to shipments to the United States after American customs officials announced a surprise ban on imports over unspecified forced labor accusations. US Customs and Border Protection (CBP) issued an order on Wednesday to

By John Liu, CNN (CNN) — Jimmy Kimmel opened his second night back on the late-night stage by taking on President Donald Trump’s latest attacks against him and his network ABC, describing the president as a “80s-movie-style bully.” In his opening monologue, Kimmel performed a sentence-by-sentence roast of Trump’s social media post from Tuesday, in

By Brian Stelter, CNN (CNN) — The first new episode of “Jimmy Kimmel Live!” since his suspension averaged 6.3 million viewers via traditional television, more than three times the show’s typical TV viewership, even though the show was blacked out in dozens of markets. In the key advertiser-friendly demographic of viewers ages 18 to 49,

By Brian Stelter, CNN (CNN) — A group of 100-plus former ABC News journalists has sent a letter to Disney CEO Bob Iger urging him to make “a concerted effort to defend free speech and press freedom against political intimidation.” The letter, obtained by CNN on Wednesday, soon after it was delivered to Iger, was

By Clare Duffy, Aditi Sangal, CNN New York (CNN) — President Donald Trump’s surprise announcement that he would hike H1-B application fees to $100,000 sparked fear and confusion among foreign workers. It also sent the companies who employ them scrambling, forcing the White House to clarify that the fee would apply only to new applications,

By Luciana Lopez, CNN (CNN) — Jimmy Kimmel returned to his late night show on Tuesday night after a suspension amid pressure by the Trump administration and a furor over Kimmel’s remarks about the killer of conservative activist Charlie Kirk. Kimmel delivered an opening monologue – occasionally choking up – that ranged across everything from

By Clare Duffy, CNN New York (CNN) — YouTube said Tuesday it plans to reinstate some accounts that it previously banned for violating rules against repeatedly posting misinformation about Covid-19 and the 2020 election. That announcement came in a letter sent by a lawyer for the platform’s parent company, Alphabet, to House Judiciary Committee Chairman