CNN – Business/Consumer

By Samantha Delouya and Kristen Holmes, CNN (CNN) — The Trump administration’s intensifying campaign against Federal Reserve Chair Jerome Powell hit a boiling point Thursday. Just two weeks after President Donald Trump sent a handwritten letter to Powell demanding lower interest rates, Russell Vought, Trump’s director of the Office of Management and Budget (OMB), accused

By Chris Isidore, CNN (CNN) — Tesla finally announced the date of its annual meeting, after dozens of angry shareholders asked what was taking it so long. A group of Tesla shareholders Wednesday sent a letter to the company demanding it schedule an annual meeting, as legally required. On Thursday, Tesla did just that, setting

By Sam Hudson, CNN London (CNN) — London’s Heathrow Airport is hoping to get travelers into the holiday mood this summer with a soundtrack of real-life jet engines, lift dings and baggage sirens. Created by Grammy-nominated Jordan Rakei, “Music for Heathrow” is the first track to be made entirely with sounds recorded from an airport,

By Jordan Valinsky, CNN New York (CNN) — Nutella maker Ferrero Group is buying cereal giant WK Kellogg Co in a $3.1 billion deal. Shares of WK Kellogg (KLG) jumped more than 30% in early trading. Ferrero said that it “plans to invest in and grow” the Kellogg business, which includes 14,000 employees and 22

By Brian Stelter, CNN (CNN) — Since the start of the century, the number of journalists working in the United States has declined by more than 75 percent, according to a new report detailing “severe shortages” in local news. “Stunningly, more than 1,000 counties — one out of three — do not have the equivalent

By Alicia Wallace, CNN (CNN) — Layoffs may not be mounting, but it’s getting harder to find a job in a labor market where hiring is “anemic” as tariff-driven economic uncertainty has put a chill on some employers. New data released Thursday showed that initial claims for unemployment benefits — considered a proxy for layoffs

By Jordan Valinsky, CNN New York (CNN) — McDonald’s Snack Wrap is finally returning to menus, going on sale Thursday in the chain’s latest push to revive slumping sales. Despite being pulled from a majority of menus in 2016, the Snack Wrap has remained a fan favorite, with thousands of people demanding McDonald’s bring it

By Allison Morrow and Lisa Eadicicco, CNN New York (CNN) — Grok, the chatbot created by Elon Musk’s xAI, began responding with violent posts this week after the company tweaked its system to allow it to offer users more “politically incorrect” answers. The chatbot didn’t just spew antisemitic hate posts, though. It also generated graphic

By Alicia Wallace, CNN (CNN) — Economists, researchers and analysts have warned that President Donald Trump’s sweeping trade policy of tacking steep tariffs on most goods that come into America will deliver a taxing blow to consumers via higher prices. However, recent months’ economic data has shown that overall inflation has remained fairly tame. Trump

CNN, POOL, SEE PREFONTS By Alicia Wallace, CNN (CNN) — Economists, researchers and analysts have warned that President Donald Trump’s sweeping trade policy of tacking steep tariffs on most goods that come into America will deliver a taxing blow to consumers via higher prices. However, recent months’ economic data has shown that overall inflation has

By Chris Isidore, CNN (CNN) — Crissy and Avi Eliashar bought their home in Jonestown, Texas, 13 years ago. They never had a problem with flooding until water washed away their home, car and all their possessions early Saturday morning. Avi, a security guard, was at work when the water rapidly filled their mobile home.

By Nayeli Jaramillo-Plata, CNN (CNN) — America’s toy prices could rise later this year, particularly if higher tariffs take effect, Hasbro CEO Chris Cocks told CNN’s Audie Cornish, host of “The Assignment” podcast. Cocks said on this week’s episode of “The Assignment” that America’s current 30% minimum tariffs on China and apparent agreement to place

By Ramishah Maruf, CNN New Yorks (CNN) — Shares of WK Kellogg, the cereal maker behind Froot Loops and Frosted Flakes, skyrocketed as high as 50% after the Wall Street Journal reported Wednesday that Ferrero was nearing acquiring the company for $3 billion. The Wall Street Journal reported the deal, in which the Nutella and

By Nathaniel Meyersohn, CNN New York (CNN) — Cancelling your gym membership isn’t likely to become easier anytime soon. A US appeals court on Tuesday blocked a rule that would have required businesses to make it as easy for consumers to cancel subscriptions and memberships as it is to sign up. That includes everything from

By Clare Duffy, CNN New York (CNN) — Linda Yaccarino is stepping down as CEO of X after two years leading Elon Musk’s social media company. Yaccarino’s departure comes one day after the company’s Grok chatbot began pushing antisemitic tropes in responses to users. It’s not clear that the events were connected. Her exit also

By Lisa Eadicicco, CNN New York (CNN) — Samsung on Wednesday announced three new foldable phones in its latest push to popularize what the company believes is the future of smartphones. The new $2,000 Galaxy Z Fold 7, $1,100 Galaxy Z Flip 7 and $900 Galaxy Z Flip 7 FE launch on July 25, with

By Lisa Eadicicco and John Towfighi, CNN New York (CNN) — Nvidia on Wednesday briefly hit $4 trillion in market value, making it the first publicly traded company to hit that milestone. Nvidia stock rose 2.76% after the market opened on Wednesday to hit an intraday record high that pushed its market value above the

By Phil Mattingly and David Goldman, CNN (CNN) — At the conclusion of his first 100 days in office in late April, President Donald Trump made a stunning statement about his progress on tariff negotiations: He had completed trade deals with 200 countries. More than two months later, Trump has announced just three of those

By Jordan Valinsky, CNN New York (CNN) — Max is returning to its former name — HBO Max — beginning immediately. Users of the streaming service, which is owned by CNN’s parent company Warner Bros. Discovery, will see the new-ish name roll out Wednesday, the company announced. The decision to revert to its original name