Money

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

By Jordan Valinsky, CNN New York (CNN) — Bernard “Bernie” Marcus, the billionaire Home Depot cofounder and a Republican megadonor, who in recent years became an outspoken supporter of former President Donald Trump, has died, the company announced Tuesday. He was 95. “The entire Home Depot family is deeply saddened by the death of our

By Anna Cooban, CNN London (CNN) — Hundreds of Oasis fans are looking back in anger after falling victim to a “landslide” of ticket selling scams. The fans have lost £346 ($449) on average to fraudsters ahead of the British band’s reunion tour next year, with some losing as much as £1,000 ($1,298), UK lender

By Jordan Valinsky, CNN New York (CNN) — One of the biggest gifts this holiday season won’t fit under the tree, the chimney or even in some homes. Televisions that measure 97 inches (and more) diagonally across – a.k.a. XXL TVs – are becoming a huge hit as the cost of giant screens sinks sharply,

By Nicole Goodkind, CNN New York (CNN) — US stocks moved higher Tuesday as Americans cast their vote in a tight presidential race. The Dow was up by around 380 points, or 0.9%; the S&P 500 was 1% higher and the Nasdaq Composite gained 1.4% by mid-afternoon Tuesday. Treasury yields also rose, with the 10-year

By John Towfighi, CNN (CNN) — Warren Buffett’s Berkshire Hathaway has over $325 billion in cash on hand. But Buffett is in no rush to spend that on his own company’s stock. Berkshire Hathaway (BRK.A) did not buy back any of its own shares in the third quarter, ending a six-year-long streak of stock buybacks,

By Matt Egan, CNN New York (CNN) — Clues about how this election cliffhanger will end may be hiding in an unlikely place: Your 401(k). As people try to make sense of the latest swings in prediction markets and dramatic shifts in the share price in former President Donald Trump’s social media company, there’s a

By Chris Isidore, CNN New York (CNN) — Striking workers at embattled plane maker Boeing voted Monday to accept the company’s most recent offer, ending the costliest strike in the United States in more than 25 years. The International Association of Machinists (IAM) said rank-and-file members voted by 59% to approve the deal. IAM members

By Clare Duffy, CNN (CNN) — Elon Musk on Monday held a digital version of the town-hall-style rallies he has hosted on behalf of former President Donald Trump. But the event on X ended just a few minutes after it started, when Musk encountered technical difficulties. The event began streaming more than 20 minutes after

By Ramishah Maruf, CNN New York (CNN) — Embattled discount chain Dollar Tree announced its CEO and chairman, Rick Dreiling, had stepped down on Sunday. Dreiling, who had just joined Dollar Tree as executive chairman in March 2022, said he is leaving for personal reasons. “With my health presenting some new challenges over the past

By David Goldman, CNN (CNN) — Shares of former President Donald Trump’s social media company roared higher on the final day before the US presidential election. Trump Media & Technology Group (DJT), the parent company of Truth Social, surged 12% Monday. There was no apparent catalyst for the increase. The stock has been highly volatile