Money

By Chris Isidore, CNN New York (CNN) — US new car sales soared in the third quarter, despite the combination of a strike at General Motors, Ford and Stellantis, high prices and rising interest rates. GM reported a 21% jump in sales in the quarter, compared to a year earlier. Part of the reason is

By Matt Egan, CNN New York (CNN Business) — A New York judge ruled last week that former President Donald Trump inflated the value of his Mar-a-Lago estate by an eye-popping 2,300%. That finding, part of shocking ruling that found Trump and his adult sons liable for fraud, was just one of multiple examples in

By Jordan Valinsky, CNN Business New York (CNN) — Taylor Swift’s concert film hasn’t even been released yet and it’s already toppling box-office records. Cinemark, a theater chain with about 500 locations, said that ticket sales for “Taylor Swift: The Eras Tour” are “setting domestic presale records” with demand “10 times higher” than any other

By Jeanne Sahadi, CNN New York (CNN) — After no ticket matched all numbers drawn in Monday night’s Powerball lottery, anyone feeling lucky has another chance to win the jackpot, which now stands at a whopping $1.2 billion, at the Wednesday drawing. To be sure, here’s nothing wrong with fantasizing about winning the grand prize,

By Krystal Hur and Nicole Goodkind, CNN New York (CNN) — Stocks fell sharply Tuesday afternoon, as US Treasury yields surged to their highest levels in over a decade, worrying investors that higher borrowing rates could further stall the housing market. The Dow fell 430 points, or 1.3%, notching its lowest close since June and

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — General Motors and Ford are laying off almost 900 additional workers between them, blaming the expansion of the strike announced by the United Auto Workers union at those companies on Friday. General Motors said it was laying off 164 workers at stamping plants in

By Clare Duffy, CNN New York (CNN) — WeWork’s stock plunged more than 20% on Tuesday morning after the company said a day earlier that it would not make two sets of interest payments totaling more than $95 million. The move comes two months after WeWork said it had “substantial doubt” about its ability to

By Alicia Wallace, CNN Minneapolis (CNN) — The number of job openings at US employers unexpectedly jumped in August, a testament to the continued resilience of the labor market, according to new data released Tuesday by the Bureau of Labor Statistics. There were an estimated 9.61 million open jobs in August, according to seasonally adjusted

By Anna Cooban, CNN London (CNN) — There’s big money in trendy sandals. German shoemaker Birkenstock could be valued at up to $10 billion when it lists its shares on the stock market for the first time. The iconic footwear brand plans to sell shares for between $44 and $49 apiece when it debuts on

By Danielle Wiener-Bronner, CNN New York (CNN) — Coffee is a finicky crop — arabica coffee, the most popular variety, in particular. And climate change poses a huge threat to the coffee business and to farmers. “To grow properly, coffee crops require specific temperature, light and humidity levels,” according to the Inter-American Development Bank, a

By Jordan Valinsky, CNN Business New York (CNN) — Taco Bell is synonymous with tacos, just perhaps not in the mornings. That’s finally changing. For the first time, Taco Bell is adding breakfast tacos to its menu beginning October 12 for a limited time. At $1.49 each, the tacos include eggs and cheese, with an

By Andy Rose, Veronica Miracle and Jeffrey Kopp, CNN (CNN) — A pedestrian in downtown San Francisco was found critically injured and trapped underneath a driverless car Monday night. But it was not the first car to strike the victim. The driverless vehicle was operated by Cruise, a San Francisco-based self-driving car company and subsidiary

By Allison Morrow, CNN New York (CNN) — The trial of Sam Bankman-Fried, a onetime crypto billionaire who stands accused of orchestrating a multibillion-dollar fraud, kicked off Tuesday in federal court in Manhattan. Jury selection took up most of the first day, with opening arguments to follow on Wednesday. The former crypto billionaire appeared in

CNN By Allison Morrow, CNN New York (CNN) — Eleven months ago, Sam Bankman-Fried was living in the Bahamas as a crypto superstar, running a celebrity-backed startup, surrounded by fans and friends who believed he was the real deal: An MIT math whiz. A visionary who ditched the Wall Street track to chart his own

By Nouran Salahieh, CNN (CNN) — The Powerball jackpot climbed to an estimated $1.2 billion after no ticket matched all numbers to nab the grand prize during Monday night’s drawing. The mammoth prize up for grabs Wednesday is the third largest in Powerball history. If won, the lucky player will have the option to claim

CNN By Anna Cooban, CNN London (CNN) — The head of the Organization of the Petroleum Exporting Countries — a group of the world’s major oil producers — told CNN Monday that a lack of investment in the oil industry posed a danger to global energy security and could send crude prices to $100 a

By Laura He, CNN Hong Kong (CNN) — Stocks in Hong Kong suffered their worst day in three months on Tuesday on growing concern about China’s weak housing market and persistently high US interest rates. The Hang Seng Index ended down 2.7% — its biggest drop since early June — after investors returned from a

By Maxime Tamsett, CNN (CNN) — Florida’s minimum wage rose by one dollar Saturday to $12/hour. The increase is the result of a constitutional amendment approved by voters in 2020 to gradually raise the Sunshine state’s minimum wage to $15/hour by September 30, 2026. Florida’s minimum wage stood at $8.56/hour when voters approved the 2020

By Ramishah Maruf, CNN New York (CNN) — Fast food chains are implementing all sorts of changes to their drive-thrus, and it looks like it’s paying off for customers in line, according to a new report. Some of the leading fast food companies, such as Wendy’s, Chick-fil-A and Carl’s Jr. saw major reductions in their

By Matt Egan, CNN New York (CNN) — The long-delayed and highly controversial deal to bring Truth Social and the Trump media empire to Wall Street has a new twist – the merger could get terminated by either party. Under an updated merger agreement, both parties in the deal will have the opportunity to kill