Money

By Jeanne Sahadi, CNN (CNN) — A new analysis by Fidelity Investments, one of the largest providers of 401(k) retirement plans, found that the number of accounts with balances topping $1 million rose by 9.5% in the third quarter. All told, of the roughly 24 million participant accounts in the 401(k) plans for which Fidelity

CNN By Liam Reilly, CNN New York (CNN) — Jeff Bezos hopes Donald Trump has changed. Speaking at The New York Times’ DealBook Summit on Wednesday, the billionaire Amazon founder and Washington Post owner said he hopes that a second Trump administration will look more favorably on the press, saying he will “try to talk

By Liam Reilly, CNN New York (CNN) — Jeff Bezos hopes Donald Trump has changed. Speaking at The New York Times’ DealBook Summit on Wednesday, the billionaire Amazon founder and Washington Post owner said he hopes that a second Trump administration will look more favorably on the press, saying he will “try to talk [Trump]

By Elisabeth Buchwald and John Towfighi, CNN New York (CNN) — Bitcoin hit $100,000 for the first time late Wednesday, surging to a new record after President-elect Donald Trump unveiled administration picks seen as holding the keys to ushering in crypto-friendly policies when he takes office in January. Chief among the picks is Paul Atkins,

By Brian Stelter, CNN New York (CNN) — Pete Hegseth’s former colleagues at Fox News are rallying to his side. After disregarding a series of misconduct allegations against Hegseth for days on end, the right-wing network has shifted into a new posture: defense. On Wednesday, several prominent personalities on Fox News, where he was a

By John Towfighi and David Goldman, CNN New York (CNN) — Brian Thompson, the CEO of UnitedHealthcare, who was fatally shot in Midtown Manhattan on Wednesday in what New York police called a “brazen, targeted attack,” was a longtime leader in Corporate America, a model student and star high school athlete – and he had

By Bryan Mena, CNN Washington (CNN) — Federal Reserve Chair Jerome Powell said Wednesday that the US economy’s strength means the central bank can show some restraint with cutting interest rates. “The US economy is in very good shape, and there’s no reason for that not to continue,” Powell said at an event hosted by

By Nathaniel Meyersohn, CNN New York (CNN) — President-elect Donald Trump’s tariff plans may change what products customers can find on Dollar Tree’s shelves – and push the chain to increase prices again. The discount retailer said on its earnings call Wednesday that Trump’s plans to tax imported goods may lead it to alter some

By Elisabeth Buchwald and Brian Fung, CNN New York (CNN) — The crypto and tech communities finally have some clarity on who they’ll potentially answer to over the next four years. On the crypto front, President-elect Donald Trump plans to nominate Paul Atkins to lead the Securities and Exchange Commission. He is expected to regulate

By Jordan Valinsky, CNN New York (CNN) — Chi-Chi’s, the Mexican restaurant chain that closed 20 years ago, is staging a comeback. Hormel Foods, current owner of the Chi-Chi’s trademark, announced Tuesday it’s letting Michael McDermott, son of the chain’s co-founder, use the fabled name to reopen restaurants in 2025. Specific locations, menu items and

By Jordan Valinsky, CNN New York (CNN) — Coca-Cola is scaling back its packaging sustainability goals, igniting outrage from environmental activists. The beverage company, which has long been criticized for being one of the world’s top producer of plastic pollutants, changed its “voluntary environmental goals” this week. It now aims to use 35% to 40%

By Elisabeth Buchwald, CNN New York (CNN) — President-elect Donald Trump appears keen on launching a simultaneous trade war with America’s three biggest trade partners: Mexico, China and Canada. The price US consumers stand to pay for it could potentially be eased if companies move away from these countries. But where exactly will they go?

By Ramishah Maruf, CNN New York (CNN) — Intel may have ousted CEO Pat Gelsinger, but he’s leaving the company with a significant payday. He’s set to receive 18 months of his base annual salary of $1.25 million, according to a filing with the Securities and Exchange Commission. He will also receive 1.5 times his

By John Towfighi, CNN (CNN) — $15.8 million every 60 seconds. That’s how much US consumers spent in two hours on Monday night, capping off a five-day spending spree that smashed previous records. US consumers spent a total of $13.3 billion on Cyber Monday, up 7.3% from the previous year, according to Adobe Analytics. Concerns

By Chris Isidore, CNN New York (CNN) — Elon Musk isn’t getting the $101 billion windfall he so desperately wanted. But he’s still among the richest people on the planet and poised to get much richer in the coming years. Delaware Chancery Court Chancellor Kathaleen McCormick again threw out a 2018 pay package from Tesla

By Matt Egan, CNN New York (CNN) — The owner of “woke-free” online marketplace PublicSquare exploded in value on Tuesday on news that Donald Trump Jr. is joining the tiny company’s board of directors. Michael Seifert, the founder and CEO of PublicSquare’s parent company, PSQ Holdings, confirmed the arrival of Trump Jr. on the board

By Brian Stelter, CNN New York (CNN) — What’s a media outlet supposed to do when its longtime host is picked to run the Pentagon, and then a series of eyebrow-raising news stories trigger doubts about his appointment? If you’re Fox News, evidently, you just pretend the stories don’t exist. Fox News, which employed Pete

By Jordan Valinsky, CNN New York (CNN) — Your next visit to a Pizza Hut might remind you of Chipotle. The chain on Tuesday unveiled a new design concept that features a pizza-making station at the center of the restaurant, allowing customers to see employees make their orders. It’s part of broader changes Pizza Hut

By John Towfighi, CNN (CNN) — Searching for something? From queries about US politics to cricket in India, Wikipedia has become a source of information for millions of people across the globe. The Wikimedia Foundation, the nonprofit that operates the site, released on Tuesday its annual list of the most-visited Wikipedia pages, showcasing what people

By Matt Egan, CNN New York (CNN) — President-elect Donald Trump has promised to expel millions of undocumented people as part of the biggest deportation program in American history. But Wall Street doesn’t believe the looming immigration crackdown will live up to Trump’s campaign trail hype. Although investors expect immigration will slow significantly during Trump’s