CNN – Business/Consumer

By Nathaniel Meyersohn, CNN New York (CNN) — In Woodbridge, Virginia, LongHorn Steakhouse will take over an old TGI Fridays. In Watertown, New, York, a former Red Lobster is being converted to a Northern Credit Union bank. And Chick-fil-A is taking over a shuttered Red Lobster in Naples, Florida. Vacant restaurant chains are creating prime

By Kathleen Magramo, CNN (CNN) — Toy manufacturer Mattel has apologized after mistakenly printing the web address of a pornographic site on the packaging of its newly launched “Wicked” dolls. Instead of pointing readers to the official website of the movie adaptation of the Tony Award-winning musical, information found on boxes of the special edition

By Samantha Delouya, CNN (CNN) — Last month, two major storms, Hurricane Helene and Hurricane Milton, caused a total of between $51.5 billion and $81.5 billion of property damage, mostly to Southeastern US states, according to estimates from CoreLogic. That’s a lot of damage – but it’s only a small fraction of what climate change

By Dawn Sawyer, CNN (CNN) — An Illinois woman is $1 million richer after winning on a lottery ticket she forgot about. During a grocery trip to the Jewel-Osco supermarket in Elmhurst in October, she made the last-minute decision to pick up a lottery ticket for the Lucky Day Lotto, a daily draw game in

By David Goldman, CNN (CNN) — Bitcoin on Sunday hit a new record above $80,000. The world’s largest cryptocurrency surged in the run-up to Tuesday’s US presidential election, rose sharply immediately on election night after it became clear Donald Trump would win and has continued rising in the days since his victory. Bitcoin is up

By Ramishah Maruf, CNN New York (CNN) — Veterans Day honors active and former US service members annually on November 11, the anniversary of the end of World War I. This year, the holiday falls on Monday, giving many office workers and students a long weekend. Since it’s a federal holiday, many government institutions and

By Erika Tulfo, CNN (CNN) — Kelsea Palm was feeling out of sorts as the presidential election was approaching. So, she did what many Americans do when they’re feeling anxious: She went shopping. The Wheaton College senior and her friend hit shops in Massachusetts the weekend before Election Day, and while Palm prides herself on

By Chris Lau, CNN Hong Kong (CNN) — When the new iPhone 16 went on sale, locals couldn’t help but notice some less familiar faces flocking to Hong Kong’s Apple stores: Russians holding piles of cash. As new shoppers walked out of stores with the latest models, eager Russian buyers closed in to seal the deal, offering to buy

By John Towfighi, CNN (CNN) — Taylor Moses was awake all night when Hurricane Helene landed on her pecan farm in Georgia. Moses said she and her husband, Arren, knew the hurricane would take a toll on their 800 acres of pecan trees. Yet the devastation this September was astounding. The hurricane destroyed the entirety

By Auzinea Bacon, CNN (CNN) — Billionaire hedge fund manager Bill Ackman wants Pershing Square Holdings and Universal Music Group out of Euronext Amsterdam following attacks this week on Israeli soccer fans in the Dutch capital. “Concentrating the listing on one exchange, the (London Stock Exchange), and leaving a jurisdiction that fails to protect its

By David Goldman, CNN (CNN) — President-elect Donald Trump’s social media stock had been sinking fast after a short-lived, post-election-victory surge this week. Then, with a single post on Truth Social, he helped boost the stock again – and added a half billion dollars to his net worth as a result. At Friday’s market open,

By John Towfighi, CNN New York (CNN) — US stocks closed at record highs on Friday, notching their best week all year after Donald Trump’s victory in the US presidential election. The S&P 500 rose 0.38% on Friday, briefly crossing 6,000 points for the first time ever, before closing at about 5,996. The Dow rose

By John Towfighi, CNN (CNN) — If your artistic style is more stick-figure than Picasso, Microsoft has a remedy to boost your creativity: adding artificial intelligence to its Paint application. The company is rolling out new AI tools for Paint as part of a Windows 11 update. Microsoft — like its Big Tech competitors —

By David Goldman, CNN (CNN) — President-elect Donald Trump has promised steep across-the-board tariffs on imports to the United States, with a particularly significant tax on goods coming from China. One US company, just two days after Trump’s reelection, says it isn’t wasting time getting out of China. Steve Madden, a $3 billion shoe company,

By Hadas Gold, CNN New York (CNN) — President-elect Donald Trump has vowed to go after much of the media in his second term, threatening to jail journalists, revoke broadcast licenses and target outlets with a flurry of lawsuits. It’s a playbook he’s threatened to use before. During his first term in the White House,

By Nathaniel Meyersohn, CNN New York (CNN) — Pepperoni was getting out of hand at Hormel. The food giant last year was selling 71 different versions of its Hormel Pepperoni brand. There was diced pepperoni. Turkey pepperoni. Mini-slices of turkey pepperoni. Pepperoni sticks. Pepperoni with 50% less sodium. Pepperoni with 25% less fat. Thick-sliced pepperoni.

By Juliana Liu, CNN Hong Kong (CNN) — China has approved a 10 trillion yuan ($1.4 trillion) plan to bolster its ailing economy by allowing local governments to refinance their debt, unveiling additional stimulus measures to counter a potentially volatile growth path marked by the impending return of Donald Trump to the White House. Finance

By Erika Tulfo, CNN (CNN) – Margaret Atwood’s “The Handmaid’s Tale,” a novel set in a totalitarian society, has shot to the top of Amazon’s bestselling books list following Donald Trump’s reelection. It saw a whopping 6,866% surge in sales, according to Amazon figures early Thursday, skyrocketing in just one day to third place from

CNN By Bryan Mena, CNN Washington (CNN) — The Federal Reserve cut interest rates by a quarter point Thursday on the heels of the US presidential election earlier this week. Chair Jerome Powell also affirmed his commitment to serve out his term, expected to end in mid-2026, even if President-elect Donald Trump attempts to fire