Money

By Jordan Valinsky, CNN New York (CNN) — Starbucks is set to eliminate a significant number of drinks and food options in the coming months as part of the company’s plan to simplify its offerings, reduce wait times and improve its customer experience. CEO Brian Niccol outlined the plan on Starbucks’ earnings call Tuesday, saying

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve on Wednesday hit pause on interest rate cuts in its first key decision of President Donald Trump’s second term. It’s a move that’s likely to stoke tensions between the central bank and the new president, who has argued that he should have some say in

By Clare Duffy, CNN New York (CNN) — Silicon Valley is coming to grips this week with the realization that creating an advanced artificial intelligence model may no longer be as specialized a task as was once believed. The wakeup call came in the form of DeepSeek, a year-old Chinese start-up whose free, open-source AI

By Anna Cooban, CNN London (CNN) — On Sunday, an undersea cable ferrying data between Sweden and Latvia was damaged, most likely as a result of an external force, Latvia said. This is just the latest in a string of incidents since late 2022 leading to damage to Europe’s infrastructure that crisscrosses the bottom of

By Vanessa Yurkevich and Ramishah Maruf, CNN New York (CNN) — At her first White House briefing, Press Secretary Karoline Leavitt made an unusual claim about the inflation that has stung American shoppers for years: Leavitt said egg prices have continued to surge because “the Biden administration and the Department of Agriculture directed the mass

By Vanessa Yurkevich, CNN New York (CNN) — Coffee prices hit a new high Monday, the day after President Donald Trump threatened – and then reversed course on – a 25% tariff on Colombia during a spat about deportation flights from the US. And the price is still rising. Even though the tariff never went

By David Goldman and Elisabeth Buchwald, CNN (CNN) — President Donald Trump has been talking about tariffs for so long that it feels like we know exactly what’s coming. But we kind of have no idea. Trump has repeatedly thrown out some now-familiar numbers: 25% tariffs on all imports from Mexico and Canada, anywhere from

By Jordan Valinsky, CNN New York (CNN) — The “swicy” trend is far from over. In fact, a spice that combines both the sweet and spicy trends is about to have a breakthrough year. McCormick, the top-selling maker of seasonings and spices, has named ají amarillo as its 2025 “Flavor of the Year.” The 25th

By Jordan Valinsky, CNN New York (CNN) — Google is complying with President Donald Trump’s executive action that renamed the Gulf of Mexico to the Gulf of America. Soon, the name change will appear on Google Maps. In a post on X, Google explained that it has a “longstanding practice of applying name changes when

By Chris Isidore, CNN New York (CNN) — Tesla will likely report thinner profit margins in its quarterly and full-year results Wednesday, a result of its first drop in annual sales in its history last year and a price war in the EV sector from increased competition. But the company’s large swaths of investors seem

By Chris Isidore, CNN New York (CNN) — General Motors reported a record adjusted net income for 2024 on Tuesday, just a year after the costly strike by the United Auto Workers union, and said it expects even better operating results in the year ahead. But the company admitted a number of policy headwinds from

By Alicia Wallace, CNN (CNN) — In August 2024, then-candidate former President Donald Trump delivered a press conference surrounded by packaged foods, meats, produce, condiments, milk and eggs. “When I win, I will immediately bring prices down, starting on Day One,” he said at the time. It was a pledge he repeated on the campaign

By Jessie Yeung and Vanessa Yurkevich, CNN (CNN) — Workers at a Pennsylvania Whole Foods store voted on Monday to unionize, forming the first union in the organic grocery chain owned by Amazon. A majority of the employees at the flagship store in Philadelphia’s Center City neighborhood voted to join a local chapter of the

By Hadas Gold, CNN (CNN) — The Pulitzer Prize board is asking a judge to hit pause on a defamation case President Donald Trump filed against it until his presidency is over, using Trump’s own legal arguments against him. Trump sued the Pulitzer Board in 2022 after it released a statement standing by awarding the

CNN By Alexandra Banner, CNN (CNN) — Natural disasters like wildfires, floods and hurricanes can have devastating financial consequences for homeowners, yet many are still expected to pay their mortgages — even if their homes are uninhabitable. These tips and resources may help if you find yourself in that daunting situation. Here’s what else you

By Jack Guy, CNN (CNN) — A French-language artificial intelligence chatbot backed by the French government has been taken offline after providing nonsensical answers to simple mathematical equations, and even recommending that one user eat cow’s eggs. In a statement Saturday, the Linagora Group, a company that is part of a consortium developing the model,

By David Goldman, CNN (CNN) — A surprisingly efficient and powerful Chinese AI model has taken the technology industry by storm. It’s called DeepSeek R1, and it’s rattling nerves on Wall Street. The new AI model was developed by DeepSeek, a startup that was born just a year ago and has somehow managed a breakthrough

CNN By David Goldman and Matt Egan, CNN (CNN) — US stocks dropped sharply Monday — and chipmaker Nvidia lost nearly $600 billion in market value — after a surprise advancement from a Chinese artificial intelligence company, DeepSeek, threatened the aura of invincibility surrounding America’s technology industry. DeepSeek, a one-year-old startup, revealed a stunning capability

By Jordan Valinsky, CNN New York (CNN) — Changes at Starbucks might remind customers of the chain of the old. Beginning Monday, several policies are returning to Starbucks’ locations in United States and Canada — part of CEO Brian Niccol’s Herculean task of reversing sales and traffic declines at the struggling institution. The chain is