Money

By Bryan Mena, CNN Washington, DC (CNN) — US inflation has slowed markedly over the past year as the Federal Reserve raised interest rates aggressively to cool demand and slow price increases. The job market hasn’t cooled as much and there’s always speculation over what the latest monthly jobs report means for the Fed. The

By Peter Valdes-Dapena, CNN (CNN) — If you’re thinking about buying a new car, you might be warily watching news about a possible United Auto Workers strike. And, yes, experts say, there could be some serious downside for those shopping for certain models of cars, trucks or SUVs, at least in the longer term. There’s

By Samantha Delouya, CNN (CNN) — People aren’t buying furniture like they used to. Last week, a pair of furniture retailers said they are experiencing a massive sales slump compared to last year. On Thursday, luxury furniture brand RH reported a 19% drop in second-quarter revenue, while on Friday, Hooker Furnishings, a Virginia-based furniture manufacturer

By Bryan Mena, CNN Washington, DC (CNN) — On a warm Saturday morning in July, as Kathie Leonard planned to set out on her boat for a day on the water off the coast of Maine, her phone rang. The call was from the head of the Maine Department of Economic and Community Development, asking

By Chris Isidore, CNN Lordstown, Ohio (CNN) — The massive Lordstown Assembly factory in Ohio, nearly the size of the Pentagon, more than 50 years old and nearly empty, is a reminder of the past strength of both General Motors and the United Auto Workers union. The much smaller, new electric vehicle battery factory next

By Jeanne Sahadi, CNN New York (CNN) — US work culture revolves around employees putting in eight hours a day, five days a week — a schedule immortalized by Dolly Parton in her 1980 song “9 to 5.” It’s just the norm, many assume. Same as it ever was. Except, it wasn’t always so. It

By Ramishah Maruf, CNN New York (CNN) — The Queen, better known as Beyoncé, had a dress code in mind for Renaissance tour concert goers attending her “House of Chrome,” as she described her concerts. The superstar made a last-minute request on Aug. 23 on her website to wear silver at the Renaissance Tour in

By Clare Duffy, CNN New York (CNN) — Elon Musk’s X Corp., the parent company of the platform formerly known as Twitter, on Friday sued California’s attorney general over the state’s new content moderation law. California Gov. Gavin Newsom signed bill AB 587 into law last September. The law requires social media companies to post

By Samantha Delouya, CNN (CNN) — The Walt Disney Company agreed to pay $9.5 million to settle a class-action lawsuit that accused the entertainment giant of “deceptive business practices” in regard to its Disneyland annual pass program, according to a court filing Thursday. The federal lawsuit filed in California alleged that some of Disneyland’s “Magic

By Allison Morrow, CNN New York (CNN) — Flexport founder Ryan Petersen said his supply chain management firm would rescind dozens of job offers just days before many applicants were scheduled to start work — a move that followed a dramatic leadership shakeup this week. “I am deeply sorry to those people who were expecting

By Ramishah Maruf, CNN New York (CNN) — CPAP sleep apnea machine maker Philips Respironics agreed to pay at least $479 million in a settlement over alleged health risks from toxic sound reducing foam, lawyers for the plaintiff announced Thursday. The settlement will go toward users who bought or rented the recalled devices and those

By Nathaniel Meyersohn, CNN New York (CNN) — Walmart, America’s largest private employer, is paying some new hires less than it would have earlier in the year in a sign of a cooling labor market. Walmart reduced starting pay by about $1 for new hires who prepare online orders for curbside pickup or delivery to

By Matt Egan, CNN New York (CNN) — The US Energy Department has issued an emergency order aimed at keeping the lights on in Texas as the state’s power grid grapples with surging demand amid record-high temperatures. The order, issued Thursday night, could allow Texas power plants to surpass pollution limits through Friday night to

By Jordan Valinsky, CNN Business New York (CNN) — Coco Gauff’s first-ever US Open finals appearance is serving up increased demand from tennis fans. After the 19-year-old phenom clinched her place Thursday in the Grand Slam final, ticket sales soared 20% with the average price hovering around $500, according to StubHub, and the ticket marketplace

By Clare Duffy, CNN New York (CNN) — Starting in November, Google will require political advertisements to prominently disclose when they feature synthetic content — such as images generated by artificial intelligence — the tech giant announced this week. Political ads that feature synthetic content that “inauthentically represents real or realistic-looking people or events” must

By Jordan Valinsky, CNN Business New York (CNN) — Kroger and Albertsons are selling roughly 400 stores to Piggly Wiggly’s parent company in an attempt to win antitrust approval for the mega merger between the grocery stores. C&S Wholesale Grocers will pay $1.9 billion, with the deal expected to close in early 2024 subject to

By Samantha Murphy Kelly, CNN Business (CNN) — Apple is set to unveil the iPhone 15 in just a few days, and it’s widely expected to come with a significant change. The iPhone 15 is heavily rumored to ditch Apple’s proprietary Lightning charger in favor of USB-C charging, marking a milestone for the company by

By Nathaniel Meyersohn, CNN New York (CNN) — LGBTQ dating app Grindr ended its remote work policies and forced employees to relocate. Nearly half of its staff left. In early August, Grindr announced a return-to-office mandate. The policy gave workers two weeks to choose between relocating to their respective team’s newly assigned “hub” city to

By Mark Thompson and Michelle Toh, CNN London (CNN) — Workers at Chevron’s liquified natural gas facilities in Australia have begun to walk off the job in a dispute that threatens as much as 7% of global supplies and could add to rising pressure on energy prices. Talks aimed at resolving the dispute over pay

By Laura He, CNN Hong Kong (CNN) — Norges Bank Investment Management (NBIM), which operates the world’s largest sovereign wealth fund, has started the process of closing down its office in Shanghai, in another sign of big global companies pulling back operations in the world’s second largest economy. The firm, which manages Norway’s $1.4 trillion