Money

By Ramishah Maruf, CNN New York (CNN) — Selling baggy jeans isn’t enough to win over Gen Z. Urban Outfitters, the young adult retailer known for its alternative, vintage-inspired styles, learned this the hard way. During its most recent earnings call, the company candidly admitted it didn’t know how to market to the demographic that

By Elisabeth Buchwald, CNN New York (CNN) — An exodus of national insurance companies from Florida, combined with local private insurers canceling plans, has left many homeowners there with only one option: Citizens Property Insurance Corp. The state-backed nonprofit home insurance company was set up to be an insurer of last resort for those who

CNN By Chris Isidore, CNN New York (CNN) — Tesla CEO Elon Musk unveiled on Thursday his vision of a “a fun, exciting future,” an “age of abundance” full of his company’s self-driving cars without steering wheels, parking lots turned into parks and robots that will walk among the population – that he once again

By Chris Isidore, CNN New York (CNN) — Tesla CEO Elon Musk unveiled on Thursday his vision of a “a fun, exciting future,” an “age of abundance” full of his company’s self-driving cars without steering wheels, parking lots turned into parks and robots that will walk among the population – that he once again promised

By Hadas Gold, CNN New York (CNN) — Univision will not fact check Vice President Kamala Harris or former President Donald Trump on stage during their respective town halls, the Spanish language network confirmed to CNN. The two town halls, on October 10 and October 16, will be moderated by Enrique Acevedo, the Mexico-based anchor of

By Liam Reilly, CNN New York (CNN) — Federal Communications Commission chairwoman Jessica Rosenworcel denounced former President Donald Trump’s “threats against free speech” Thursday after he attacked CBS and called for the network to “lose its license” over a recent “60 Minutes” interview with Vice President Kamala Harris. In recent days, the former president has lambasted the Harris interview, accusing CBS News of editing the sit-down with correspondent

By Jordan Valinsky and Matt Egan, CNN New York (CNN) — TD Bank will pay $3 billion to settle charges that it failed to properly monitor money laundering by drug cartels, regulators announced Thursday. The fine includes a $1.3 billion penalty that will be paid to the US Treasury Department’s Financial Crimes Enforcement Network, a

By Marshall Cohen, CNN Washington (CNN) — Gateway Pundit, the far-right conspiracy site, has settled a defamation lawsuit from two Georgia election workers who were falsely accused of rigging the 2020 results. Details of the settlement were not made public. But the parties said in a court filing this week that they have “reached agreement to settle

By Brian Stelter, CNN New York (CNN) — With former President Donald Trump ruling out any more presidential debates between now and Election Day, CNN shifted course Thursday and invited both Trump and Vice President Kamala Harris to participate in town hall events with voters. Harris immediately accepted the network’s invitation. “Trump may want to

By Samantha Delouya, CNN (CNN) — Prospective homebuyers waiting on the sidelines for a further drop in mortgage rates received unwelcome news on Thursday. The average rate on a standard, 30-year fixed mortgage was 6.32% in the week ending October 10, mortgage financing provider Freddie Mac said Thursday. It was the largest one-week increase in

By Jordan Valinsky, CNN New York (CNN) — Last year, Ikea slashed prices on roughly 2,000 products to give inflation-weary customers a break. Although that sparked an increase in orders, revenue fell for the first time in four years as discounts took a bite out of its bottom line. Sales slipped 4% to €45.1 billion

By Alicia Wallace, CNN (CNN) — America’s inflation continued to slow in September, reaching a fresh three-and-a-half-year low and coming in at a pace that’s similar to what was seen in 2017 and 2018, according to data released Thursday. The Consumer Price Index, which measures price changes across commonly purchased goods and services, was 2.4%

By Chris Isidore, CNN New York (CNN) — Delta Air Lines reported a profitable third quarter, as the airline weathered a $500 million hit from a July service meltdown related to the CrowdStrike computer outage, as well as the impact of Hurricane Helene at the end of the quarter. The airline had to cancel about

By Chris Isidore, CNN New York (CNN) — Elon Musk and Tesla have pledged a game-changing moment in the company’s history Thursday night. It remains to be seen if they will actually deliver. For the last decade, the electric vehicle maker’s CEO has vowed that true self-driving cars from Tesla were right around the corner.

By Juliana Liu, CNN Hong Kong (CNN) — Global investors went wild during China’s just-concluded Golden Week holiday by snapping up “everything” related to the country. But that optimism didn’t extend to shoppers and travelers in the world’s second-largest economy itself. Goldman Sachs economists wrote in a Tuesday research note that tourism revenue per person

By Kara Scannell, CNN New York (CNN) — Attorneys for Sean “Diddy” Combs filed a motion late Wednesday accusing the government of leaking a video of the hip-hop mogul beating his former girlfriend and other evidence to the media, asking a judge to potentially bar the footage from a trial. The motion filed in the Southern

By Deepak Rao and Abel Alvarado, CNN New Delhi (CNN) — Ratan Tata, the former chairman of Indian conglomerate Tata Group, has died at the age of 86, according to a statement from the firm. The industrialist rose to global prominence with a series of high-profile international deals. In 2008, he famously oversaw Tata Motors’ purchase

By Krystal Hur, CNN New York (CNN) — Hopes for avoiding a recession are growing on Wall Street. Now, investors are looking for the coming earnings season to support that optimism. Companies in the S&P 500 reporting third-quarter results are expected to have posted a 3.7% rise in profits from the prior year, according to

By Hadas Gold, Liam Reilly and Brian Stelter, CNN New York (CNN) — Shari Redstone, the chair of CBS parent company Paramount Global, said Wednesday that CBS leadership had made a “bad mistake” with their handling of “CBS Mornings” co-host Tony Dokoupil’s contentious interview last week with author Ta-Nehisi Coates. In stark opposition to what CBS editorial