Money

By Liam Reilly, CNN (CNN) — After much teasing and speculation, ESPN has finally unveiled the details of its new flagship streaming service. While the streamer long had the working title “Flagship,” the Disney-owned sports network revealed the platform, slated to launch in the fall, will be called something even simpler: ESPN. “As we explored

By Alicia Wallace, CNN (CNN) — Americans tidied up their household balance sheets to start 2025, cleaning up some credit card and auto loan debt, new data showed Tuesday. However, the debt outlook for millions of student loan borrowers was much grimmer: Past-due student loans hit credit reports for the first time in five years,

By Jordan Valinsky, CNN New York (CNN) — TGI Fridays, toiling in bankruptcy and dealing with a steady pace of closures, perhaps has a simple solution for all of its ills: Better food. On Tuesday, TGI Fridays is rolling out a revamped menu at its US restaurants which includes more mozzarella sticks options, upgraded steaks

By Jordan Valinsky, CNN New York (CNN) — UnitedHealth Group CEO Andrew Witty is stepping down immediately from his role for “personal reasons,” the company announced Tuesday. He will be replaced by Stephen Hemsley, the health insurer’s board chairman and former CEO from 2006 to 2017. Witty, who ran the health care giant for four

By Nathaniel Meyersohn, CNN New York (CNN) — President Donald Trump’s unpredictable trade policies and public threats against companies have made it nearly impossible to set prices. The Trump administration temporarily reduced tariffs on China over the weekend, but import taxes have already made baby gear, power drills, mattresses and other everyday products more expensive

By Nectar Gan, CNN Hong Kong (CNN) — Chinese leader Xi Jinping says “bullying” and “hegemonism” will only backfire, in a veiled reference to the United States just a day after a temporary truce was agreed in the trade war between the world’s two largest economies. Xi chose to deliver this message, which paints China

By Brian Stelter, CNN (CNN) — “Indefensible.” “It’s a bribe.” “Such a stain” on the administration. Some of President Donald Trump’s staunchest supporters are among the loudest critics of his plan to accept a jet from Qatar for use as Air Force One. In a rare break from the cheerleading that typifies MAGA media outlets,

CNN By Brian Stelter, CNN (CNN) — “Indefensible.” “It’s a bribe.” “Such a stain” on the administration. Some of President Donald Trump’s staunchest supporters are among the loudest critics of his plan to accept a jet from Qatar for use as Air Force One. In a rare break from the cheerleading that typifies MAGA media

By Ramishah Maruf, CNN New York (CNN) — AMC Theatres, the world’s largest theater chain, will be offering even more discounts to moviegoers starting this summer. Beginning July 9, the movie theater chain will offer 50% off adult movie tickets on Wednesdays for those part of the AMC Stubs rewards program. AMC already offers discounted

By Jordan Valinsky, CNN New York (CNN) — McDonald’s is seeking to hire up to 375,000 people ahead of the busy summer season, marking its biggest employment initiative in five years. The hiring surge is focused on staffing up its 13,000 US restaurants as the company prepares to open 900 new locations over the next

By Phil Mattingly, CNN (CNN) — President Donald Trump’s shock-and-awe tariff approach threatened to rupture the global financial system and drive the US economy into recession. Nervous about the prospect of empty store shelves and reignited inflation, Trump sent in his even-keeled and professional negotiators to Geneva to snag a win. The unexpectedly dramatic de-escalation

By Matt Egan, CNN New York (CNN) — America’s oil industry is facing immense pressure during Trump 2.0. Even though President Donald Trump vowed to usher in a period of American energy dominance, the administration’s trade war and OPEC’s production hikes have cast a shadow over the oil patch. In fact, once-gangbusters US oil production

CNN, POOL By Nectar Gan, Auzinea Bacon and Juliana Liu, CNN Hong Kong (CNN) — The United States and China agreed Monday to drastically roll back tariffs on each other’s goods for an initial 90-day period, in a surprise breakthrough that has de-escalated a punishing trade war and buoyed global markets. The announcement, which was

By Nectar Gan, Auzinea Bacon and Juliana Liu, CNN Hong Kong (CNN) — The United States and China agreed Monday to drastically roll back tariffs on each other’s goods for an initial 90-day period, in a surprise breakthrough that has de-escalated a punishing trade war and buoyed global markets. The announcement, which was made in

By Auzinea Bacon, CNN (CNN) — Stock futures rose Sunday after Treasury Secretary Scott Bessent said “substantial progress” was made in trade negotiations with Chinese officials, potentially thawing tensions kickstarted by Trump’s aggressive tariff policy. Dow futures jumped 1.03%, or 427.66 points. S&P 500 futures rose 1.31%, or 75.8 points, while the tech-heavy Nasdaq Composite

By Natasha Chen, CNN Los Angeles (CNN) — Kip’s Toyland has sold toys to children in Los Angeles for almost 80 years, through wars, recessions and a pandemic. But now tariffs of 145% on most Chinese imports threaten the livelihood of the city’s oldest toy shop, considering that nearly 80% of toys sold in the

By Nayeli Jaramillo-Plata, CNN (CNN) — Mother’s Day is busy season for American florists. But this year, there’s an added source of stress: President Donald Trump’s sweeping tariffs, which are raising the prices of some flowers and causing some wary shoppers to pull back on spending. “We have to charge more, and it’s definitely affecting