CNN – Business/Consumer

By Wayne Chang, Will Ripley and Eric Cheung, CNN (CNN) — China’s DeepSeek shocked the world by delivering unexpected innovation at an unbelievable price. But this disruptive trend isn’t confined to Big Tech: It has been quietly happening in the pharmaceutical sector. In September, Akeso, a little-known Chinese biotech company founded nearly a decade ago

By Ramishah Maruf, CNN New York (CNN) — Elon Musk has lost $52 billion in net worth since the year began, but he’s still the richest person in the world by a long shot, according to the Bloomberg Billionaires Index. Shares of Musk’s Tesla dropped 8% before market close Tuesday after a steady decrease of

By Hadas Gold, CNN (CNN) — The White House is stripping the White House Correspondents’ Association of its role in managing the White House Press Pool, taking control of deciding who will be a part of the small rotating group of journalists and photographers who accompany the president. The press pool includes rotating representatives from

By Elisabeth Buchwald, CNN New York (CNN) — President Donald Trump’s plan to impose a 25% tariff on all imported aluminum could cost 100,000 American jobs, the CEO of one of the largest US aluminum makers warned on Tuesday. The new tariff rate, a 15 percentage point increase from prior levels that doesn’t permit any

By Liam Reilly, CNN (CNN) — Rumors that Lucasfilm’s longtime president may be leaving Disney have swirled for quite some time. But reports that Kathleen Kennedy will retire at the end of her contract may be jumping the gun. Puck reported Tuesday that Kennedy, who is 71, is expected to step down as president of

By Clare Duffy and Lisa Eadicicco, CNN New York (CNN) — Apple users in the United Kingdom will no longer have access to a key data security feature for iCloud storage: Advanced Data Protection. It’s a relatively small change, but privacy experts worry it could have ripple effects for data privacy around the world. The

By John Towfighi, CNN New York (CNN) — Investors entered the New Year cheerful about the prospects of a business- and crypto-friendly Trump administration. Yet two months into 2025, US stocks have lagged Europe and Chinese stocks, bitcoin is sliding and concerns about inflation are mounting. US stocks largely slid Tuesday as investors digested a

By Brian Stelter and Liam Reilly, CNN (CNN) — Some of MSNBC’s biggest stars are – in extraordinary on-air fashion – rebuking management’s decision to cancel Joy Reid and Alex Wagner’s shows and lay off their production staffs. Rachel Maddow used part of her Monday night show — MSNBC’s most watched hour — to call

By David Goldman, CNN (CNN) — Jamie Dimon is apologizing for using some particularly salty language about work-from-home policies, after he tackled an increasingly combative issue for workers and employers across the United States. But he’s not backing down on requiring JPMorgan Chase employees to return to the office. The CEO of America’s largest bank

By Chris Isidore, CNN New York (CNN) — The Federal Aviation Administration has agreed to use SpaceX’s Starlink internet system to upgrade the information technology networks it uses to manage US airspace, raising new concerns about conflicts of interest for CEO Elon Musk in one of his other roles, that of recommending funding cuts at

By Nathaniel Meyersohn, CNN New York (CNN) — Home Depot is growing again. America’s largest home improvement retailer said Tuesday that sales at stores open for at least a year grew 0.8% last quarter, snapping eight straight quarters of sales declines. Home Depot also sounded an upbeat forecast for 2025, saying sales at stores open

By Jeanne Sahadi, CNN (CNN) — Reports of the Department of Government Efficiency’s so-called “tech bros” accessing federal systems that hold vast troves of Americans’ personal data have raised many questions about whether they can legally see – never mind copy, alter or share – such sensitive details on hundreds of millions of people. Efforts

By Lex Harvey, Lauren Mascarenhas, Ashley Killough and Ed Lavandera, CNN (CNN) — Texas’ governor has directed state law enforcement to investigate two controversial lottery jackpots amid growing scrutiny over the role of online ticketing firms in the state. Republican Gov. Greg Abbott asked the Texas Rangers to investigate two Lotto Texas jackpots involving virtual

KEYE, TEXAS SENATE COMMITTEE ON STATE AFFAIRS, LT. GOV. DAN PATRICK X VIDEO, CNN By Lex Harvey, Lauren Mascarenhas, Ashley Killough and Ed Lavandera, CNN (CNN) — Texas’ governor has directed state law enforcement to investigate two controversial lottery jackpots amid growing scrutiny over the role of online ticketing firms in the state. Republican Gov.

By Anna Cooban, CNN London (CNN) — The chief executive of Unilever, which owns ice cream brands such as Ben & Jerry’s and Magnum, has stepped down after less than two years at the helm, as the UK company works to boost its lackluster sales and profits. Hein Schumacher will be replaced by Unilever’s Chief

By Matt Egan and Alicia Wallace, CNN (CNN) — Elon Musk, wielding a chainsaw, is overseeing a rapid shrinking of the nation’s largest employer: the federal government. There’s no doubt the federal government’s 3.02 million-person civilian workforce is massive. Yet some economists are confident the widespread terminations spearheaded by Musk’s Department of Government Efficiency (DOGE)

CNN, POOL, X | @ELONMUSK By Matt Egan and Alicia Wallace, CNN (CNN) — Elon Musk, wielding a chainsaw, is overseeing a rapid shrinking of the nation’s largest employer: the federal government. There’s no doubt the federal government’s 3.02 million-person civilian workforce is massive. Yet some economists are confident the widespread terminations spearheaded by Musk’s

By Hanna Park, CNN (CNN) — Denny’s, the popular American diner chain, has joined a growing number of restaurants responding to the nationwide egg shortage by adding a temporary surcharge to egg-based meals. “Due to the nationwide egg shortage and increased cost of eggs, some of our restaurant locations will need to temporarily add a

KGO, MILL VALLEY CHICKENS, CNN By Hanna Park, CNN (CNN) — Denny’s, the popular American diner chain, has joined a growing number of restaurants responding to the nationwide egg shortage by adding a temporary surcharge to egg-based meals. “Due to the nationwide egg shortage and increased cost of eggs, some of our restaurant locations will