Money

By John Towfighi, CNN (CNN) — Volkswagen is recalling 114,478 vehicles in the US because of safety concerns over their airbags, the National Highway Traffic Safety Administration said Thursday. The recall includes certain 2006-07 Passat Sedans, 2012 to 2014 Passat models and 2017 Passat Wagons, as well as certain 2017 to 2019 Beetle and Beetle

By Hanna Ziady, CNN London (CNN) — President-elect Donald Trump’s proposed protectionist policies, including hefty tariffs, will hurt Europe’s economic standing — leaving crisis-hit Germany particularly vulnerable, Goldman Sachs predicts. Following Trump’s re-election, the investment bank cut its growth forecasts for the region, predicting fresh trade tensions with the United States, pressure on Europe to

By Jordan Valinsky, CNN New York (CNN) — Wednesday wasn’t just a good day for Donald Trump. The wealth of the world’s 10 richest people also soared by a record amount, according to Bloomberg’s Billionaire Index. The biggest gainer was Elon Musk, the world’s richest person and one of Trump’s most outspoken and dedicated supporters,

By Jordan Valinsky, CNN New York (CNN) — Craving a stack of IHOP pancakes with a side of Applebee’s riblets? That will soon become a reality in Texas with a new restaurant that unites the two chains under the same roof. Dine Brands, which owns the two restaurants, announced that the combined Applebee’s-IHOP restaurant will

By Liam Reilly, CNN New York (CNN) — Press freedom groups sounded the alarm Wednesday on the potential dangers facing journalists under a second Trump administration, denouncing threats from the president-elect and his associates to undermine the news media. In the hours after Donald Trump’s decisive victory, the Committee to Protect Journalists, Reporters Without Borders,

By Jeanne Sahadi, CNN (CNN) — Whether you’re elated or despondent that Donald Trump won the 2024 presidential election, chances are you’re working with some colleagues who feel the exact opposite – or, incomprehensibly to some, just really don’t care. After such a hotly contested, divisive race, employers are aware that many employees may have

CNN By Chris Isidore, CNN New York (CNN) — No single business leader did more to support former President Donald Trump’s candidacy than Elon Musk. But the billionaire and his business empire face both positives and negatives after Trump won back the presidency in Tuesday’s election. Musk has donated nearly $119 million so far to

By Elisabeth Buchwald, CNN New York (CNN) — Former President Donald Trump’s projected return to the White House made many shareholders of publicly traded companies a lot richer on Wednesday. His victory is expected to usher in sweeping changes from the Biden administration, including a tougher stance on immigration and crime as well as a

By Liam Reilly, CNN New York (CNN) — Jeff Bezos, the Amazon founder and chairman, congratulated Donald Trump on Wednesday for an “extraordinary political comeback and decisive victory” after the former president won re-election, wishing Trump “all success in leading and uniting the America we all love.” “Big congratulations to our 45th and now 47th

Analysis by Hanna Ziady, CNN London (CNN) — Inflation is likely to rise in the United States and around the world if newly elected US President Donald Trump follows through on his campaign promises to cut taxes, crack down on immigration and hike tariffs on all imported goods. Together with a Republican majority in the

By Jordan Valinsky, CNN New York (CNN) — The holidays officially begin this week — at least at Starbucks — when the coffee chain rolls out its annual seasonal cups. Beginning Thursday, customers at its US locations will have their hot drinks served in one of four kinds of festive cups that have “familiar shades

By Matt Egan, CNN New York (CNN) — Donald Trump didn’t just win the White House. He also grew richer Wednesday. Truth Social owner Trump Media & Technology Group, Trump’s social media company, initially skyrocketed in value after CNN and other media outlets projected Trump won Tuesday’s presidential election. Trump Media’s stock, which trades under

By Chris Isidore, CNN New York (CNN) — No single business leader did more to support former President Donald Trump’s candidacy than Elon Musk. But the billionaire and his business empire face both positives and negatives after Trump won back the presidency in Tuesday’s election. Musk has donated nearly $119 million so far to a

By David Goldman, CNN New York (CNN) — US stocks rocketed higher Wednesday following a decisive and consequential victory for former President Donald Trump in Tuesday’s US presidential election. The massive rally kicked off in premarket trading and continued through the morning and afternoon trading sessions. The Dow soared by 1,507 points, or 3.57%, to

By Hadas Gold and Kristen Holmes, CNN New York (CNN) — Journalists from multiple news organizations have been denied credentials to former President Donald Trump’s election night watch event in West Palm Beach, Florida, in retaliation for their coverage of Trump’s campaign. Reporters at Politico, Axios, Puck and Mother Jones were among those denied credentials.

By Clare Duffy, CNN New York (CNN) — Facebook, Instagram, Google and YouTube are clamping down on political ads in an effort to combat misinformation that could undermine trust in the results of a contentious election or stir up unrest. Meta last week began blocking advertisers from creating or running new ads about US social

By Matt Egan, CNN New York (CNN) — Former President Donald Trump’s social media company was temporarily halted – twice – after a sudden and precipitous plunge on Election Day following a massive surge. Shares of Truth Social owner Trump Media & Technology Group, which trades under the symbol “DJT,” briefly turned negative after spiking

By Brian Stelter, CNN New York (CNN) — In an era of abysmally low levels of trust in media, local news sources still retain special connections – and precious credibility – with readers and viewers. Those relationships may prove especially valuable in the coming days as the 2024 election comes to a close. In swing