Money

By Jessie Yeung and Yoonjung Seo, CNN Seoul, South Korea (CNN) — Several international brands including luxury house Prada have cut ties with South Korean superstar actor Kim Soo Hyun after he became embroiled in controversy this month over the nature of his relationship with late actress Kim Sae-ron. Kim Soo Hyun, one of the

By Clare Duffy, CNN New York (CNN) — Former Facebook executive-turned-whistleblower Sarah Wynn-Williams says Meta is blocking her from speaking to Congress about her experiences at the company. This arises from arbitration proceedings with the company after Wynn-Williams published her memoir “Careless People,” detailing her time at the social media giant, earlier this month. Meta

By Nathaniel Meyersohn, CNN New York (CNN) — Nike is in a major slump. The company’s global sales dropped 9% last quarter, including a 17% drop in China, Nike said Thursday. In North America, Nike’s largest market, sales dropped 9%. But the results weren’t as bad as investors feared: Nike’s stock (NKE) inched up 4%

By Jordan Valinsky, CNN New York (CNN) — The Boston Celtics, one of the most successful NBA teams in history, has sold for $6.1 billion, marking the largest sale of a sports franchise in North America. An investor group led by William Chisholm, a billionaire who amassed much of his wealth from private equity, is

By Elisabeth Buchwald, CNN (CNN) — The European Union is delaying the retaliatory tariffs it announced after the United States imposed a 25% tariff on steel and aluminum imports earlier this month. The countermeasures, which include higher tariffs on American whiskey, were set to take effect starting April 1 and follow a phased approach. Instead,

By Clare Duffy, CNN New York (CNN) — The Anti-Defamation League has found evidence of antisemitic and anti-Israel bias on Wikipedia, it said in a Tuesday report, marking the latest rift between the advocacy group and the world’s largest online encyclopedia over how the Israeli-Palestinian conflict should be portrayed on the site. The ADL claims

By Ramishah Maruf, Nicki Brown and Jason Carroll, CNN New York (CNN) — As Elon Musk continues to take an outsized and controversial role in the US government, reports of harassment of Tesla owners and vandalism of showrooms and vehicles are on rise. That may, in part, be contributing to plunging resale values and interest

By Elisabeth Buchwald, CNN (CNN) — The Federal Reserve on Wednesday painted a picture of an economy reshaped dramatically by Donald Trump and his economic policy. It warned tariffs would slow the economy and raise inflation, increasing the risk of dreaded “stagflation,” an economic curse that is hard to escape. Eager to soothe worried investors,

By Jordan Valinsky, CNN New York (CNN) — Say your final farewells to the “Loaded Mashed Potato Omelette,” because it’s one of the more than dozen menu items that the Cheesecake Factory has eliminated from its menu as part of a broader shakeup. The Cheesecake Factory’s massive, spiral-bound menu, which has more than 250 items,

By Hadas Gold, CNN New York (CNN) — Larry Taunton was in bed around 1 a.m. on Sunday in his Alabama home when he noticed his dog, Ranger, getting worked up. “His ears were up and moving like satellite dishes,” Taunton told CNN in an interview. He noticed a flicker of light, and then the

CNN By Bryan Mena, CNN Washington (CNN) — The Federal Reserve on Wednesday kept interest rates unchanged as central bank officials weigh the impact of President Donald Trump’s aggressive economic agenda. Wednesday’s decision, which comes at the conclusion of the Fed’s two-day monetary policy meeting, shows that central bankers are waiting for evidence that inflation

By Jeanne Sahadi, CNN (CNN) — The Federal Reserve on Wednesday decided yet again to stand pat on interest rates. Despite the Fed’s inaction, there are still opportunities to maximize the interest you earn on your savings or reduce what you pay on your debts. Given the Trump administration’s whipsaw tariff policies and its smiting

By Ramishah Maruf and Alexandra Skores, CNN New York (CNN) — Amtrak CEO Stephen Gardner is stepping down from his position to “to ensure that Amtrak continues to enjoy the full faith and confidence of this administration,” he announced in a statement. The decision comes as Department of Government Efficiency (DOGE) head Elon Musk said

By Jordan Valinsky, CNN New York (CNN) — Tesla’s display at this week’s Vancouver International Auto Show was removed by event organizers because of safety issues revolving around the Elon Musk-led company. An auto show spokesperson said in a statement to CNN that Tesla was “removed” following “multiple opportunities to voluntarily withdraw” from the event,

By Jordan Valinsky, CNN New York (CNN) — Ben & Jerry’s is accusing its parent company Unilever of breaching its merger agreement by ousting the ice cream company’s CEO for the brand’s repeated public comments on progressive issues, removing its chief executive without the board’s approval. It’s the latest escalation of an increasingly ugly dispute

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve on Wednesday kept interest rates unchanged as central bank officials weigh the impact of President Donald Trump’s aggressive economic agenda. Wednesday’s decision, which comes at the conclusion of the Fed’s two-day monetary policy meeting, shows that central bankers are waiting for evidence that inflation is

By Ramishah Maruf, CNN New York (CNN) — President Donald Trump fired two Democratic members of the Federal Trade Commission on Tuesday, with both commissioners saying they were ”illegally fired.” Commissioner Alvaro Bedoya posted a scathing critique of the Trump administration on X after the firing. “I’m a commissioner of the Federal Trade Commission. The

By Lisa Eadicicco, CNN New York (CNN) — Nvidia on Tuesday revealed more details about its next artificial intelligence chip platform, Blackwell Ultra, which it says will help apps reason and act on a user’s behalf – two capabilities that would take AI beyond chatbots further into real life. Blackwell Ultra, which the company detailed

By Vanessa Yurkevich, CNN New York (CNN) — The Trump administration is declaring victory for defeating a massive pain point for inflation-weary Americans: Egg prices are plunging. “When I took it over, eggs were through the roof, and now eggs are down,” President Donald Trump said Sunday aboard Air Force One. White House Press Secretary

By Sebastian Shukla and Nadine Schmidt, CNN Berlin (CNN) — The German chancellor-in-waiting, Friedrich Merz, has won a vote in parliament to allow a huge increase in state borrowing that is set to super-charge the country’s military spending. The victory completes a Damascene conversion in German politics – using the outgoing parliamentary arithmetic. After a