CNN – Business/Consumer

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

By Heather Chen, CNN (CNN) — Cambodian strongman leader Hun Sen has thrown his weight behind a new homegrown messaging app, which critics say is a way for the government to monitor and undermine political discussion in the country. CoolApp, launched this month to rival WhatsApp and Telegram, will make it “difficult for foreigners to

By Hadas Gold, CNN (CNN) — CNN on Thursday will do something no network has done in more than 35 years – host its own general election presidential debate. It is a pivotal moment, not just for the country as it picks a new president, but also for CNN — with a new leader at the

By Chris Youd, CNN (CNN) — The Tennessee Attorney General’s office has turned its investigation into the failed foreclosure attempt of Elvis Presley’s Graceland estate over to federal investigators, according to a statement provided by his office. “The Tennessee Attorney General’s Office looked into the Graceland matter, and it quickly became apparent that this was a matter best

By Ramishah Maruf, CNN New York (CNN) — CDK Global said Wednesday that it has been able to bring a “small initial test group” of car dealerships back online, a week after a crippling software outage left thousands of car sellers across North America at a standstill. “We have successfully brought a small initial test

By Samantha Delouya, CNN (CNN) — Volkswagen has recalled 271,330 of its Atlas SUV vehicles due to faulty passenger-side airbags. Certain Atlas vehicles made between 2021 and 2024 and Atlas Cross Sport vehicles made between 2020 and 2024 may experience a wiring error, causing front passenger airbags not to deploy, according to a Wednesday report

By Elisabeth Buchwald, CNN New York (CNN) — America’s biggest banks are well positioned to survive a severe recession while continuing to lend to households and businesses, the Federal Reserve said Wednesday in its annual bank resilience test, commonly referred to as a stress test. However, banks could suffer higher losses, if a significant economic

By Gabe Cohen, David Goldman and Gregory Wallace, CNN (CNN) — A whistleblower has come forward Wednesday alleging parts of Boeing’s 787 Dreamliner planes were built in an unsafe manner – potentially leading to “devastating consequences.” Richard Cuevas, a mechanic at Strom, a contractor for Boeing manufacturing partner Spirit Aerosystems, claims that he witnessed holes

By Samantha Murphy Kelly, CNN (CNN) — NBC is bringing a version of famed sportscaster Al Michaels back to the Olympics this summer with an unlikely twist: His voice will be powered by artificial intelligence. NBC announced on Wednesday it will use AI software to recreate Michaels’ voice to deliver daily recaps of the Summer

By Matt Egan, CNN New York (CNN) — About one in three Americans making six-figure salaries are worried about paying their bills, according to a new survey from the Federal Reserve Bank of Philadelphia. The survey finds a notable increase over the past year of consumers making $100,000 a year or more who are concerned

By David Goldman, CNN (CNN) — Two presidential task forces formed to recommend how Harvard can combat antisemitism and anti-Muslim, anti-Arab and anti-Palestinian activity on campus have spoken: Harvard needs to act now. The two groups issued preliminary reports on Wednesday aimed at restoring the university’s trust with students, faculty and the broader community. The

By Bryan Mena, CNN Washington (CNN) — Sales of newly built homes dropped last month as mortgage rates remained elevated. New home sales, which make up only about 10% of the market, fell 11.3% in May from the prior month, to 619,000, according to government data released Wednesday. That was the steepest monthly decline since