Money

By John Towfighi, CNN (CNN) — Tech companies are giving the world artificial intelligence — but ironically, the tech sector itself is among those now feeling the most pain from AI. The rise of AI tools that can write and develop code is clouding the outlook for the software industry, investors say, sending shares in

By Michelle Watson, CNN (CNN) — The Powerball jackpot has soared to $815 million after there were no big winners in Monday’s drawing, marking the 7th largest prize in the game’s history. Monday’s winning numbers – 16, 19, 34, 37, 64 with a red Powerball of 22 and a Power Play multiplier of 3 –

By Ramishah Maruf, CNN New York (CNN) — Like many Labubu fans, 28-year-old Joselyn Chamorro is over the craze. Waiting in overnight lines to buy the $30 mischievous dolls, or shelling out $100 to resellers, has lost its appeal. So when she saw a gas station in Lakeland, Florida, was selling fake Labubus — known

By Auzinea Bacon, CNN (CNN) — International postal services are suspending shipments to the United States after an exemption on tariff duties for small packages is set to expire. It’s the latest example of how President Donald Trump’s sweeping trade policy is impacting US consumers and businesses. Beginning Friday, the “de minimis” exemption, which allowed

By Alicia Wallace, CNN (CNN) — When tariffs are tacked on to many imported goods, someone’s got to foot the bill. According to President Donald Trump, foreign countries and overseas businesses are eating the cost. But evidence shows that American consumers and businesses are paying for the tariffs the administration has implemented as its go-to

By Auzinea Bacon, CNN (CNN) — Drive-ins helped movie theaters stay afloat during the pandemic, when their fate was in serious doubt. Now, years later, drive-in theaters are still providing a small but meaningful boost for the industry. Drive-ins accounted for a significant portion of box office revenue in 2020, due to social distancing policies

By Gordon Ebanks, CNN (CNN) — With back-to-school season in full swing, families across the country are continuing to feel the sting of high prices. In May and June, before the latest round of the Trump administration’s tariffs, the U.S. Chamber of Commerce estimated that tariffs on back-to-school items had risen to 18% (up from

By Michelle Watson, Karina Tsui, CNN (CNN) — With an estimated $750 million jackpot, Monday’s Powerball draw will be the 10th largest in the game’s history after no player matched all six number in Saturday’s draw, the Multi-State Lottery Association said in a press release. Saturday night’s jackpot was already one of the largest prizes

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump on Friday announced he’s directing his administration to investigate imports of furniture into the United States that will lead to higher tariffs by October. “Within the next 50 days, that Investigation will be completed, and Furniture coming from other Countries into the United States will be

By Clare Duffy, Lisa Eadicicco, CNN New York (CNN) — The United States government is making an $8.9 billion investment in Intel common stock, giving the Trump administration a roughly 10% stake in the struggling chipmaker, Intel and the president announced on Friday. “It is my Great Honor to report that the United States of

By Bryan Mena, CNN Washington (CNN) — The job market is on such shaky ground that the Federal Reserve may soon need to cut interest rates to support the economy, Fed Chair Jerome Powell said Friday at a key central banking forum. In one of his most consequential speeches, Powell suggested the labor market could

CNN By Jordan Valinsky, CNN New York (CNN) — Cracker Barrel’s modern makeover doesn’t stop with redoing its restaurants. It’s dropping the barrel and the man from its logo, too. On Tuesday, the Southern-inspired casual dining chain unveiled a new logo “rooted even more closely to the iconic barrel shape,” but without the barrel itself

By Chris Isidore, CNN (CNN) — Car prices have not gone up significantly thanks to tariffs just yet. But with next year’s models hitting showroom floors, American car buyers will see how much longer that can last. New car prices haven’t changed much this year, despite 25% tariffs on most imported cars and parts, which

By Lisa Eadicicco, CNN New York (CNN) — Between the Covid-19 pandemic, decades-high inflation and unprecedented tariffs, it’s been a tumultuous half-decade for retailers. Some major chains have done a better job at navigating those challenges than others, a point that Walmart and Target underscored in their quarterly earnings this week. Walmart reported that sales

By Harper Stephanopoulos, CNN New York (CNN) — Trendy restaurants have always existed in New York. Places like The Odeon and Raoul’s to Torrisi and 4 Charles Prime Rib have been eateries to see and be seen, their reputations grown over years through word-of-mouth, critics’ reviews and celebrity spottings. Now, the era of TikTok has

By Chris Isidore, CNN (CNN) — Tesla is facing an investigation from federal safety regulators into whether it delayed notifying the government about crashes involving its driver assistance technology. The National Highway Traffic Safety Administration (NHTSA) is looking into whether or not the company is complying with regulations requiring it to report data about crashes

By Bryan Mena, Phil Mattingly, CNN Washington (CNN) — A Justice Department official is set to probe Federal Reserve Governor Lisa Cook after she was accused by a member of President Donald Trump’s administration of committing mortgage fraud, according to a letter sent Thursday to Fed Chair Jerome Powell. The letter, seen by CNN, was

CNN By Nathaniel Meyersohn, CNN New York (CNN) — Walmart is getting hit by tariffs, like every other business in America. But customers are still flocking to Walmart because they believe the retailer offers them the biggest bang for their buck. The retail behemoth once again on Thursday showed how it uses its size to

By Chris Isidore, CNN (CNN) — The lower US tariffs on cars imported from the EU will have to wait, at least for now. The EU-US trade agreement is poised to cut the US import tax on cars from the EU from 27.5% to 15%. However, details released Thursday reveal that the lower rate won’t