Money

By Ramishah Maruf, CNN New York (CNN) — American Eagle stock surged 25% after its earnings report Wednesday, with its CEO thanking the controversial Sydney Sweeney “Good Jeans” ad campaign for boosting brand awareness and profit. “The fall season is off to a positive start. Fueled by stronger product offerings and the success of recent

By Allison Morrow, CNN New York (CNN) — Here we are, at the tail end of a strong-despite-tariffs corporate earnings season, staring down a bumpy road through the second half of the year, when out of nowhere comes a flash of… what’s the word… hope? Well, not hope, but at least a reassurance that real-world

By Ramishah Maruf, CNN New York (CNN) — Fast fashion giant Shein said on Wednesday that it was conducting an investigation after a product on its website featured what appeared to be an edited image of Luigi Mangione, the man accused of killing UnitedHealthcare’s CEO last year. Mangione is facing the death penalty in federal

By Liam Reilly, CNN (CNN) — Christopher Ruddy’s pro-Trump channel Newsmax on Wednesday filed an antitrust lawsuit against Fox News, accusing the Rupert Murdoch-owned broadcaster of illegally blocking competition in the right-wing pay-TV market. The lawsuit, filed in the US District Court for the Southern District of Florida against the Fox News Network and its

By Chris Isidore, Nathaniel Meyersohn, CNN (CNN) — Powerball’s advertised $1.4 billion jackpot for Wednesday’s drawing would be the sixth-largest prize in American lotto history. Expect more big paydays like this: Lottery prizes are predicted to soar even higher. The next Powerball winner (or winners) will be the 13th to claim a US lottery prize

By Alicia Wallace, CNN (CNN) — Employment gains were so weak in the July jobs report that President Donald Trump fired the head of the bureau charged with collecting the data, baselessly claiming it was rigged. But fresh figures out Wednesday show that those meager job totals weren’t an anomaly: For the first time in

By Elisabeth Buchwald, CNN (CNN) — The majority of the sweeping tariffs President Donald Trump imposed during his second term face one final litmus test that will determine whether he can continue to levy them – and also whether businesses are eligible for massive refunds. That potentially dramatic turn in the tariff saga comes after

By Gordon Ebanks, CNN (CNN) — Feeling lucky? The winning numbers have been drawn for the massive $1.4 billion Powerball jackpot. Wednesday night’s winning numbers were 3, 16, 29, 61, 69, and red powerball 22, with a Power Play multiplier of 2. It’s not yet clear if there is a big winner. The Powerball jackpot

By Ramishah Maruf, CNN New York (CNN) — A federal appeals court ruled that Rebecca Kelly Slaughter, a Federal Trade Commission commissioner that President Donald Trump fired, can be temporarily reinstated in an order Tuesday. Trump fired Slaughter and another Democratic FTC commissioner, Alvaro Bedoya, in March. While a lower district court ordered her reinstatement

By Lisa Eadicicco, Clare Duffy, CNN (CNN) — A court will not force Google to sell off its Chrome browser or Android, a federal judge said in a court filing on Tuesday. The decision serves as a significant win for the tech company, which has avoided the most extreme possible outcome from a landmark antitrust

By Nathaniel Meyersohn, CNN New York (CNN) — PepsiCo is losing the soda wars to Coca-Cola. That’s nothing new. But after it fell into third place behind Dr Pepper, a heavyweight activist investor said Tuesday that the company needs a drastic shakeup. Elliott Management said it built a massive $4 billion stake in PepsiCo and

By John Towfighi, CNN New York (CNN) — The S&P 500 has soared nearly 30% since its low point in April and investors have cheered the index’s ascent to record highs. The market’s rally also means stocks are relatively expensive — and more vulnerable to a surprise. Stocks had a shaky start to September as

By Lisa Eadicicco, CNN (CNN) — ChatGPT’s parent company, OpenAI, says it plans to launch parental controls for its popular AI assistant “within the next month” following allegations that it and other chatbots have contributed to self-harm or suicide among teens. The controls will include the option for parents to link their account with their

By Olesya Dmitracova, CNN London (CNN) — The United States is sliding into 1930s-style autocratic politics, billionaire Ray Dalio has warned. “I think that what is happening now politically and socially is analogous to what happened around the world in the 1930-40 period,” the founder of Bridgewater Associates, one of the world’s largest hedge funds,

By Kate Trafecante, Nathaniel Meyersohn, CNN (CNN) — Kraft Heinz, the gigantic packaged foods business, is splitting into two separate publicly traded businesses, the company announced Tuesday, the latest mega food business to unwind its strategy to offer everything for everyone. The new companies haven’t yet been named. One will focus on faster-growing businesses, such

By Clare Duffy, CNN New York (CNN) — Like many of the young people in her Indigenous Anishinaabe community in the upper peninsula of Michigan, Danielle Boyer grew up speaking only a little of her people’s native language, Anishinaabemowin. “In our community, generational language loss is very rapid,” she told CNN. “A lot of our

By Auzinea Bacon, CNN (CNN) — Early 2000s nostalgia isn’t just hitting fashion trends and box office sequels. Taco Bell is tapping into fan favorites from two decades ago with its new Decades Y2K Menu. On September 9, Taco Bell will re-launch five of its “most requested” fan-favorites from the 2000s, all priced under $3:

From CNN’s Hanako Montgomery, Junko Ogura and Yumi Asada Tokyo (CNN) — Suntory Holdings chairman and CEO Takeshi Niinami has resigned following allegations he purchased supplements containing illegal substances, the company confirmed Tuesday. Niinami, 66, one of Japan’s most prominent and outspoken business leaders, said he believed the supplements he bought were legal. He has

By Hanna Park, CNN (CNN) — The Powerball jackpot jumped to a staggering $1.3 billion after there were no big winners in Monday night’s drawing – the fifth-largest prize in game history. The lucky numbers were white balls 8, 23, 25, 40, 53, and red Powerball 5, with a Power Play multiplier of 3. While

By John Liu, CNN Hong Kong (CNN) — Hong Kong is eager to embrace cryptocurrency. Crypto exchange shops now greet customers in shopping malls. Hundreds of crypto ATMs have sprung up along the city’s busy streets. And last week, Eric Trump – son of United States President Donald Trump and now a central figure in