Money

By Anna Cooban, CNN London (CNN) — Airbus has announced plans to slash up to 2,500 jobs in its defense and space division, citing a “complex business environment” marked by challenges including rising costs and “rapid changes in warfare.” The European aerospace giant, which competes with beleaguered Boeing (BA) in airplane manufacturing, said Wednesday that it expects to complete

By Brian Stelter, CNN New York (CNN) — Fox News anchor Bret Baier is all too keenly aware that Fox’s viewers want him to affirm what they already feel. This week, he is under pressure as he prepares for a high-stakes interview with Vice President Kamala Harris – the Democratic nominee for president’s first-ever formal interview on

By Jordan Valinsky, CNN New York (CNN) — Bed Bath & Beyond is coming back to a physical store near you after going out of business last year. But this time, it’s taking up space at a rival. Beyond Inc., which bought the defunct retailer out of bankruptcy, is investing $40 million in the Container

By Jordan Valinsky, CNN New York (CNN) — Aldi is releasing its lowest-priced Thanksgiving meal deal in five years — and undercutting one of its largest rivals — as inflation-weary consumers shift their shopping habits to more affordable private labels. The low-priced grocery chain is rolling out an “inflation-busting holiday meal” priced at $47 that

By Nathaniel Meyersohn, CNN New York (CNN) — PepsiCo is unshrinking shrinkflation. The owner of Lay’s, Doritos, Tostitos and Ruffles chips will put more chips in some bags to claw back customers tired of higher prices with skimpier bags. Shoppers have balked at downsized chips, cookies, paper towels and other products, widely known as shrinkflation,

By Chris Isidore, CNN New York (CNN) — Boeing’s finances are a multi-billion-dollar problem for the company, its employees, suppliers and airline customers. The good news is that they probably won’t affect the average American – well, not very much. After 33,000 members of the International Association of Machinists went on strike against the company

By Hadas Gold, CNN New York (CNN) — When former President Donald Trump takes the stage with Latino voters on Wednesday night in Miami at a town hall hosted by Univision, one thing may be missing: fact checking. There was no fact checking during Vice President Kamala Harris’ town hall with the network last week either. But it’s the question-and-answer

By Nathaniel Meyersohn, CNN New York (CNN) — CVS is closing 900 stores. Rite-Aid is closing 500. Walgreens announced Tuesday it plans to close 1,200 stores, meaning 1 in 7 will disappear. What is going on with America’s drug stores? Walgreens and other chains overexpanded during the 1990s and 2000s to drive out competitors and

By Olesya Dmitracova, CNN London (CNN) — For consumers still scarred by jumps in their energy bills in recent years, the International Energy Agency has good news: Oil and natural gas prices will probably be lower over the next five years. Energy prices soared in the wake of Russia’s full-scale invasion of Ukraine in February

By Matt Egan, CNN New York (CNN) — Former President Donald Trump’s social media company suffered a sudden nosedive in the stock market Tuesday that briefly halted trading and left traders scratching their heads. Truth Social owner Trump Media & Technology Group was trading sharply higher during a volatile session at about $31 per share

By Katelyn Polantz, CNN Washington (CNN) — Political journalist Ryan Lizza has accused his ex-fianceé, the acclaimed magazine writer Olivia Nuzzi, of “catastrophically reckless behavior” in a year-long affair with Robert F. Kennedy Jr. that led to the journalists’ breakup this summer, according to new court filings in an ongoing dispute between Lizza and Nuzzi.

By Jordan Valinsky, CNN New York (CNN) — Lufthansa, Germany’s biggest airline, has been fined a record $4 million for discriminating against Jewish passengers, the US Department of Transportation announced Tuesday. The fine stems from a May 2022 incident in which the airline prohibited 128 Jewish passengers from boarding. The DOT noted in a consent

By Liam Reilly, CNN New York (CNN) — Donald Trump has backed out of an interview with CNBC, marking the second time this month the former president has canceled on a mainstream press interview. Joe Kernen, the “Squawk Box” co-anchor, broke the news of the unannounced interview’s cancellation during Tuesday morning’s broadcast. “Well, Trump canceled,

By Alicia Wallace, CNN (CNN) — Americans are feeling fairly secure in their jobs, they expect to continue to earn and spend more than they did pre-pandemic, and they think inflation isn’t getting much worse, according to new survey data released Tuesday by the Federal Reserve Bank of New York. But they’re growing increasingly anxious

By Jordan Valinsky, CNN New York (CNN) — Walgreens is closing approximately 1,200 locations as the drug store chain struggles to contend with online competitors and declining prescription drug payments. By 2027, about one in seven Walgreens currently open will close its doors. About 500 Walgreens will close its doors over the next year, the

By Chris Isidore, CNN New York (CNN) — Cash-starved Boeing, contending with massive financial losses from a crippling strike and years of operational and safety problems, is turning to major banks and Wall Street to raise tens of billions of dollars in cash. In a regulatory filing early Tuesday, the company announced plans to borrow

By Nathaniel Meyersohn, CNN New York (CNN) — Ken Frazier grew up in a poor Philadelphia neighborhood as the son of a janitor and grandson of a man born into slavery. He rose to the heights of corporate America as CEO of Merck from 2011 to 2021, becoming the first Black chief executive of a

By Elisabeth Buchwald, CNN New York (CNN) — Up until a few weeks ago, residents of western North Carolina likely gave little consideration to purchasing flood insurance. But last month Hurricane Helene flooded much of that area, as well as other parts of the Southeast, resulting in up to $30 billion in uninsured flood damage.

By Nicole Goodkind, CNN New York (CNN) — Wall Street traders are popping champagne and toasting the two-year anniversary of a period of outsized gains known as a bull market. This two-year mark is known in gift-giving terms as the cotton anniversary. And with US dollars made up of 75% cotton, traders are celebrating with

By Nathaniel Meyersohn, CNN New York (CNN) — Expect to see fewer promotions at Starbucks. The coffee chain is scaling back promotional offers through its mobile app to get customers to pay full price for its coffees and teas, the Wall Street Journal first reported Monday and confirmed by CNN. The move is part of