CNN – Business/Consumer

By Eva Rothenberg, CNN New York (CNN) — New York City officials have agreed to restore more than $111 million in funding to libraries and cultural institutions, the City Council announced Thursday. The agreement is a victory for residents and organizations who had been pushing back for months against budget cuts in the nation’s largest

By Nathaniel Meyersohn, CNN New York (CNN) — Leave it to a Wells Fargo restaurant analyst to decisively settle the Chipotle burrito “weight debate.” On TikTok, some customers accused Chipotle of skimping on food portions. They started a trend of filming Chipotle employees as the workers built out their burritos order with chicken, guacamole and

By Hadas Gold, CNN (CNN) — CNN’s Thursday night debate between President Joe Biden and former President Donald Trump was watched by 51.27 million viewers on television, according to Nielsen data. The 90-minute debate, which sent shockwaves through the political world, was simulcast across 22 networks. CNN, which hosted the debate from its Atlanta studios, offered a live feed

By Krystal Hur, CNN New York (CNN) — Warren Buffett just changed how his considerable fortune will be spent following his death. Buffett, 93, the chairman of Berkshire Hathaway, told the Wall Street Journal he has again re-worked his will — and that he does not plan to continue donations to the Bill & Melinda

By Hadas Gold, CNN (CNN) — On MSNBC, the mood Thursday night was somber. “I am not going to put a fine sheen on it, or a spin on it, even though I am in the spin room,” MSNBC anchor Alex Wagner said from the CNN presidential debate spin room in Atlanta. “There has been a uniformly negative reaction to

By Matt Egan, CNN (CNN) — Former President Donald Trump’s social media company is getting a boost after President Joe Biden’s shaky debate performance. Shares of Truth Social owner Trump Media & Technology Group (DJT) rose 4% in early trading Friday as investors bet the debate has boosted Trump’s chances of retaking the White House.

By Alicia Wallace, CNN (CNN) — Prices in the US didn’t rise in May, lending a welcome reprieve to cost-wary Americans and helping to bring inflation even closer to normal levels. The Personal Consumption Expenditures price index — a closely watched inflation gauge that the Federal Reserve uses for its 2% target — was unchanged

By Jeanne Sahadi, CNN New York (CNN) — Even before a jury found Donald Trump guilty on 34 felony counts of falsifying business records in the so-called “hush money” trial in New York, many Americans were surprised to learn that having a criminal conviction would not automatically disqualify someone from serving as president of the

By Nathaniel Meyersohn, CNN New York (CNN) — Walgreens said Thursday that it plans to close a “significant” number of its roughly 8,600 stores in the United States. Around 25% of Walgreens’ stores aren’t profitable, and the chain will look to close stores that are right by one another or struggling to hold down theft,

By Ramishah Maruf and Eva Rothenberg, CNN New York (CNN) — CDK Global is still down heading into the brisk car-selling Fourth of July holiday next week. Auto dealerships use its software to manage everything from scheduling to records, and the mass outage since last week has paralyzed nearly 15,000 dealerships across North America. CDK

By Chris Isidore, CNN New York (CNN) — A jury ordered the NFL on Thursday to pay more than $4.7 billion for anti-trust violations surrounding its “Sunday Ticket” package, which lets fans watch games outside of their home markets but required them to buy access to a bundle of games to do so. Because of

By Nathaniel Meyersohn, CNN New York (CNN) — Nike posted sluggish growth as the largest sportswear brand in the world faced rising competition, a consumer pullback in its key markets and strategy missteps. Nike’s sales grew 1% last year and were flat last quarter, the company reported Thursday. The company projects sales to drop 10%

By Samantha Murphy Kelly, CNN (CNN) — An international roaming outage is leaving customers of the three major US mobile carriers in the dark, making it difficult or impossible for American customers who are currently out of the country to make calls, send messages and use data. AT&T, T-Mobile and Verizon confirmed to CNN that

By Alicia Wallace, CNN (CNN) — Americans are staying unemployed for longer, the latest Labor Department data shows, a reflection of a slowing economy. The number of Americans receiving jobless benefits for multiple weeks climbed to its highest level since November 2021, according to a Department of Labor report released Thursday. The latest data is

By Jordan Valinsky, CNN New York (CNN) — This is the summer of fast food value meal wars, and Taco Bell isn’t sitting back. The chain announced Thursday that it’s entering the battle with one of its biggest deals ever. The “Luxe Cravings Box” is a collection of its four of its most popular foods,

By Jordan Valinsky, CNN New York (CNN) — Walgreens is set to close a substantial number of its roughly 8,600 locations across the United States as the company looks to reset the struggling pharmaceutical chain’s business. The company didn’t announce a specific number of store closures, but it said Thursday that it is planning “significant”

By Ramishah Maruf, CNN New York (CNN) — The ongoing outage at CDK Global has affected thousands of car buyers, dealerships and auto service providers. The outage has not only paralyzed thousands of dealerships but has also affected the people who work there. Are you an employee whose paycheck has been affected as a result?

By Ramishah Maruf, CNN New York (CNN) — Cyberattacks seem to be more devastating than ever and taking targeted companies even longer to resolve. The latest attack to receive wide attention continues that trend: An ongoing cyber incident at CDK Global, whose software car dealerships use to manage everything from scheduling to records, has crippled

By Matt Egan, CNN New York (CNN) — Help may not be on the way for first-time homebuyers frustrated by high mortgage rates and even higher home prices. Economists at Bank of America warned this week that the US housing market is “stuck and we are not convinced it will become unstuck” until 2026 —

By Gregory Wallace and Chris Isidore, CNN Renton, Washington (CNN) — For months, missing paperwork has hindered the investigation into how a door plug blew off a 737 Max on an Alaska Airlines flight in January, making it difficult to find out who made the near tragic mistake. This week, Boeing disclosed that the paperwork