Money

By Oliver Darcy, CNN Milwaukee (CNN) — America’s eyes are finally fixated on the 2024 election. After months of tuning out what had been a fairly predictable and uneventful race between the two party incumbents, recent earthshaking events have upended the state of politics, adding an unexpected wrinkle to the storyline and prompting audiences to

By Peter Valdes-Dapena, CNN (CNN) — Classic Ferraris can be among the most valuable cars in the world with some selling for tens of millions of dollars. That value also means it’s a ripe market for counterfeits. Ferrari is so determined to maintain the authenticity of its cars, then, that it’s crushing potential fakes into

By Jordan Valinsky, CNN New York (CNN) — Bud Light, formerly the top-selling beer in the United States, has had a tough year since a boycott upended the industry. It’s only getting worse: The brand has now fallen into third place. Michelob Ultra, also brewed by Anheuser-Busch, leapfrogged Bud Light to become the second-best selling

By Samantha Delouya, CNN (CNN) — Netflix will start phasing out its Basic plan, its cheapest advertising-free plan, which costs $11.99 per month in the United States, the company said on Thursday. The company had previously stopped accepting new sign-ups for the Basic plan, instead pushing customers to Netflix’s ad-supported plan, which costs $6.99 per

By Sergey Gudkov and Anna Chernova, CNN (CNN) — The espionage trial of American journalist Evan Gershkovich resumed in a Russian court on Thursday after being brought forward at the request of his defense. Gershkovich attended the court hearing in person, according to the court’s press service, with the hearing being held behind closed doors. The

By Hadas Gold, CNN New York (CNN) — In the days following the assassination attempt on former President Donald Trump, the Secret Service, charged with securing the Pennsylvania event, has faced scrutiny for the extraordinary breach that led to the agency’s worst failure in decades. But one narrative has quickly taken hold in parts of

By Bryan Mena, CNN Washington (CNN) — Republican presidential nominee Donald Trump would not fire Federal Reserve Chair Jerome Powell if the former president wins the election in November, according to a Bloomberg interview published Tuesday. But Trump’s statement wasn’t exactly a promise, saying he’d let Powell finish up his second term, “especially if I

By Krystal Hur, CNN New York (CNN) — Tech shares slumped Wednesday as investors shed the behemoths that fueled Wall Street’s monster stock rally this year. The Nasdaq Composite index tumbled 2.8%, logging its worst day since December 2022. The S&P 500 lost 1.4%. The Dow rose 0.6%, closing at another record high and above

By Chris Isidore and Matt Egan, CNN New York (CNN) — Gas prices could soon soar across the Chicago metropolitan area after a tornado narrowly missed a major ExxonMobil refinery outside of Chicago Monday night, knocking out power to the facility. The refinery, know as ExxonMobil’s Joliet Refinery, is located in neighboring Channahon, Illinois. Channahon

By Hanna Ziady, Barbie Latza Nadeau and Lauren Kent, CNN London/Rome (CNN) — Italy’s competition authority is investigating whether Armani and Dior have misled consumers about their production processes, following reports that local companies in their supply chains pay workers too little and force them to work long hours. In a statement Wednesday, the authority

By Hanna Ziady, CNN London (CNN) — Pernod Ricard is selling most of its wine brands, as wine consumption is falling globally, and will instead focus on growing its champagne and premium spirits labels, including in the United States. The French group — which owns Absolut Vodka, Jameson Whiskey, Olmeca Tequila and Beefeater Gin — announced the sale of seven wineries

By Jordan Valinsky, CNN New York (CNN) — Supreme, the trendy streetwear clothier adored by celebrities and cool kids alike, has been sold to an eyewear manufacturer for substantially less than it sold for just four years ago. Italian company EssilorLuxottica announced Wednesday that it’s buying Supreme for $1.5 billion in cash from VF Corp.

By Jordan Valinsky, CNN New York (CNN) — The Mirage Hotel and Casino on the Las Vegas Strip is closing Wednesday, ending 34 years in business. The resort will throw a farewell event, with doors officially closing this afternoon. That will cap off a weeklong event, in which gamblers were given the opportunity to win part of

By Olesya Dmitracova, CNN London (CNN) — Amazon’s warehouses are especially dangerous for workers during the company’s annual Prime Day event, as well as the holiday season, according to an investigation by the US Senate. Prime Day, held on Tuesday and Wednesday this week, is “a major cause of injuries for the warehouse workers who

By Samantha Delouya, CNN (CNN) — Most Americans know the No. 1 rule in real estate: “location, location, location.” But for some developers, there’s a new winning strategy: “recycle, recycle, recycle.” A growing number of office buildings have found second lives as apartments, boosted by the Covid-era work-from-home movement that slashed office attendance and thinned

By Elisabeth Buchwald, CNN New York (CNN) — On Tuesday, Sen. Bob Menendez was found guilty on 16 counts including bribery, extortion, wire fraud, obstruction of justice and acting as a foreign agent. A key piece of evidence prosecutors presented to jurors during the nearly seven-week-long trial was the gold bars the FBI seized from

By Ramishah Maruf, CNN New York (CNN) — Elon Musk says he’s moving his companies out of California. In two posts on X Tuesday, the billionaire said he will move SpaceX’s HQ from Hawthorne, California, to Starbase, Texas, a company town being built in the southern part of the state. Social media platform X will

By Elizabeth Wagmeister, CNN (CNN) — In 2016, a venture capitalist and Yale law graduate named JD Vance published a memoir, “Hillbilly Elegy.” The instant bestseller turned Vance into a media star and was later adapted into an Oscar-nominated film directed by Ron Howard. Eight years after its publication, Vance’s book has found its way back onto the bestseller lists,

By Krystal Hur, CNN New York (CNN) — Stocks surged Tuesday as Wall Street raised its bets that sky-high borrowing rates could come down in the fall. The Dow surged by 743 points, or 1.9%, closing at a fresh all-time high and notching its best daily percentage gain since June 2023. The S&P 500 gained 0.6%,

By Chris Isidore, CNN New York (CNN) — At first glance, Elon Musk and Donald Trump wouldn’t seem to be natural allies. One has made cutting greenhouse emissions a major business selling point. The other questions the need to cut emissions at all, denouncing most forms of clean energy as at best unnecessary and at