Money

By Jordan Valinsky, CNN New York (CNN) — Del Monte Foods, the 138-year-old company best known for its canned fruits and vegetables, has filed for bankruptcy and is looking for a buyer. Late Tuesday, the company announced it was voluntarily entering Chapter 11 and is going through a sale process for all of its assets.

By John Liu, Yumi Asada and Ramishah Maruf, CNN (CNN) — US President Donald Trump cast doubt on reaching a trade deal with Japan, a day after threatening higher tariffs on Japanese exports to the United States, claiming the country won’t buy American rice. “We’ve dealt with Japan. I’m not sure if we’re gonna make

By Brian Stelter and Liam Reilly, CNN (CNN) — CBS News parent Paramount Global has agreed to pay $16 million to resolve an extraordinary lawsuit filed by President Donald Trump over a “60 Minutes” news report last fall. The long-gestating and highly controversial settlement payment was announced by Paramount late Tuesday night. Paramount said the

By Brian Stelter and Gustavo Valdes, CNN (CNN) — An immigration judge in Georgia has ordered the release of the Spanish-language journalist and live-streamer Mario Guevara on bail while his immigration process continues, a relative of Guevara confirmed to CNN. Guevara, who came to the US from El Salvador in 2004, has been in Immigration

By Ramishah Maruf, CNN New York (CNN) — Waffle House had a welcome announcement for customers of its round-the-clock breakfast offerings: it has officially taken its egg surcharge off the menu. The Georgia-based chain that maintains an eerily accurate index for natural disasters may also now be providing a barometer for America’s food prices. The

CNN By David Goldman and Hadas Gold, CNN (CNN) — The truce between Elon Musk and President Donald Trump didn’t even last a month. After the Senate narrowly passed a procedural vote to debate Trump’s “Big, Beautiful Bill” over the weekend, Musk on Monday said he would use his vast resources to launch primary campaigns

By Clare Duffy, CNN New York (CNN) — The US Senate has voted nearly unanimously to remove a 10-year moratorium on the enforcement of state artificial intelligence regulations from Republicans’ sweeping domestic policy bill. The provision in the Senate bill would have effectively prevented states from enforcing many proposed and existing AI-related laws — including

By Alicia Wallace, CNN (CNN) — The “wait-and-see” is turning into a “just-can’t-wait-anymore.” US employers moved forward on plans to increase their workforces in May, with the number of available jobs rising to a six-month high, according to Bureau of Labor Statistics data released Tuesday. Job openings, which serve as a closely watched measure of

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve would likely have lowered interest rates this year if it weren’t for President Donald Trump’s significant policy changes, Chair Jerome Powell said Tuesday. “I do think that’s right,” he said at a central banking forum in Sintra, Portugal, when asked if the Fed would have

By David Goldman and Hadas Gold, CNN (CNN) — The truce between Elon Musk and President Donald Trump didn’t even last a month. After the Senate narrowly passed a procedural vote to debate Trump’s “Big, Beautiful Bill” over the weekend, Musk on Monday said he would use his vast resources to launch primary campaigns against

By Liam Reilly, CNN (CNN) — Moviegoers headed to their local AMC theater can expect to see more ads before movies starting on Tuesday as a deal with ad giant National CineMedia takes effect. The deal, announced in early June, will see AMC Entertainment place ads in the “platinum spot,” the highly coveted period immediately

By Matt Egan, CNN New York (CNN) — Drivers hitting the road this Fourth of July weekend won’t need to break the bank to fill up at the gas pump. Gas prices are expected to average between $3.10 and $3.15 per gallon nationally this Fourth of July, according to GasBuddy, which tracks fuel prices. That’s

By Hadas Gold, CNN (CNN) — After declaring he was stepping away from the political spotlight, Elon Musk got right back in it. As the Senate debated President Donald Trump’s “Big, Beautiful Bill” on Monday before a final vote, Musk issued a stark warning via his social media platform X. “Every member of Congress who

By Brian Stelter, CNN (CNN) — Paramount Global, the parent company of CBS News, may be on the verge of a settlement deal with President Trump, much to the chagrin of its own news employees. On Monday lawyers for the president and the media company said in a court filing that the two sides are

By Clare Duffy, CNN New York (CNN) — After months of speculation and multiple bids from would-be American buyers, TikTok may finally be getting a new owner. President Donald Trump teased over the weekend that there is a buyer for TikTok, whom he will announce in two weeks, which could secure the app’s long-term future

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump is threatening to impose higher tariffs on Japanese exports to the United States over what he claims is the country’s unwillingness to buy American-grown rice. “They won’t take our RICE, and yet they have a massive rice shortage. In other words, we’ll just be sending them

By Bryan Mena, CNN Washington (CNN) — President Donald Trump on Monday continued his extended attack against Federal Reserve Chair Jerome Powell and the central bank’s Board of Governors, calling for ultra-low rates in an intensifying campaign demanding interest rate cuts. Trump on his social media platform wrote that the Fed’s board “should be ashamed

By Jordan Valinsky, CNN New York (CNN) — Lululemon is suing Costco, alleging that the discount wholesaler is selling knockoffs of its $128 pants and other pricey athleisure clothing. In a lawsuit filed Friday, Lululemon said Costco has “unlawfully traded” on the athleisure brand’s “reputation, goodwill and sweat equity by selling unauthorized and unlicensed apparel

By John Towfighi, CNN New York (CNN) — US stocks gained on Monday, capping off a strong month and a remarkable second quarter for Wall Street. The Dow closed higher by 276 points, or 0.63%. The broader S&P 500 rose 0.52% and the tech-heavy Nasdaq Composite gained 0.47%. The S&P 500 and Nasdaq both closed

By Clare Duffy, CNN New York (CNN) — Joshua Aaron has worked in and around the tech industry for around two decades. He built his first app — a blackjack game — at computer camp when he was 13. His newest app is designed for a very different purpose: to let users alert people nearby