Money

By Brian Stelter, CNN (CNN) — CNN is not for sale, the company reiterated Wednesday after a news report about media mogul Barry Diller’s interest in buying the cable network from Warner Bros. Discovery. Diller approached Warner Bros. Discovery, WBD for short, about a possible deal last year, the Wall Street Journal reported. Two people

CNN By Bryan Mena, CNN Washington (CNN) — The Federal Reserve on Wednesday kept interest rates unchanged as the central bank fights to maintain its ability to set interest rates without political interference. Officials kept their benchmark lending rate at a range of 3.5-3.75%, following three consecutive rate cuts late last year. It’s a pause

By Chris Isidore, CNN (CNN) — Tesla CEO Elon Musk, who turned an upstart electric vehicle maker into an industry-changing powerhouse, is pulling the plug on the two models that helped get him there, as he struggles with another quarter of declining profits and car sales. He announced the end of production of two models

By Jeanne Sahadi, CNN (CNN) — After weighing a slightly lower unemployment rate and a hiring slowdown with small increases in inflation in December, the Federal Reserve on Wednesday decided to leave its key overnight lending rate untouched. That decision follows the three cuts the Fed made last year, for a total of six cuts

By Jordan Valinsky, CNN New York (CNN) — Unless your name is Domino’s, it’s tough to be a pizza chain right now. Just ask their two main competitors: Pizza Hut and Papa Johns. The former has posted eight consecutive quarters of sales declines and might be on the block. The latter is in the midst

By Lisa Eadicicco, CNN (CNN) — Apple bet big on a dramatic redesign of its iPhone last year, the biggest shakeup to its flagship smartphone in nearly a decade. But the slimmer iPhone Air hasn’t seemed to resonate with buyers. New market research data indicates iPhone Air adoption lags far behind the iPhone 17, 17

By Jordan Valinsky, CNN New York (CNN) — Amazon is laying off 16,000 employees, the company’s second round of large-scale job reductions in three months as it fights to improve its standing in the battle for AI supremacy. In a blog post Wednesday, the company said it needed to reduce red tape to increase its

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve on Wednesday kept interest rates unchanged as the central bank fights to maintain its ability to set interest rates without political interference. Officials kept their benchmark lending rate at a range of 3.5-3.75%, following three consecutive rate cuts late last year. It’s a pause that

By Brian Stelter, CNN (CNN) — TikTok’s new US business, led by a group of mainly American investors approved by President Donald Trump, is off to an inauspicious start. The wildly popular TikTok app has been on the fritz for several days. While other social media sites have been full of speculation that the Trump-aligned

By Chris Isidore, CNN (CNN) — Boeing just announced the end of years of deep financial losses, a turnaround for a company after nearly seven years of bad news. The US aircraft maker reported $8.2 billion in net profit in the fourth quarter, its first profitable period in more than three years thanks to the

By Jordan Valinsky, CNN New York (CNN) — Amazon is closing its branded brick-and-mortar grocery stores, with the company consolidating its physical strategy under the Whole Foods name. The closures, which affect its Amazon Fresh and Amazon Go locations, were announced Tuesday and amount to about 70 locations across the United States. In a blog

By Bryan Mena, CNN Washington (CNN) — America’s economic mood deteriorated in January to its lowest level in more than a decade as consumers fretted about geopolitical tensions, affordability and President Donald Trump’s unrelenting trade war. The Conference Board’s Consumer Confidence Index for January, released Tuesday, declined 9.7 points to a reading of 84.5, the

By Bryan Mena, CNN Washington (CNN) — President Donald Trump could announce his nominee for the next Federal Reserve chair as soon as this week, and has signaled that his pick must push for significant interest rate cuts. But whoever he chooses will face a new policymaking committee — and one that could be even

By Chris Isidore, CNN (CNN) — Melissa Dickerson never imagined she would end up with a $1,100 monthly car payment, especially for a used car. Then her son wrecked her Acura. Fortunately, he was OK. But when she went shopping for a replacement SUV, Dickerson, a paralegal from Orting, Washington, soon discovered it was going

By Jeanne Sahadi, CNN (CNN) — US Immigration and Customs Enforcement has gone to many workplaces over the past year, both at high-profile companies like Target and Hyundai as well as businesses that don’t grab headlines. Workplace immigration enforcement operations are not new and have occurred under many presidential administrations, according to the American Council

By Allison Cho, CNN (CNN) — Her voice defeated soul-eating monsters during the emotional finale of the blockbuster animated film “KPop Demon Hunters.” But for Korean American singer Ejae, the triumph gave her something beyond fame and fortune. Validation. Years prior, Ejae was an aspiring K-pop star signed to one of the biggest entertainment agencies

By Scottie Andrew, CNN (CNN) — The comedian Megan Stalter, who posts absurd character skits to an audience in the high hundreds of thousands across Instagram and TikTok, tried sharing a different kind of video on Saturday night. Driven by the death of Alex Pretti, the nurse shot by a federal immigration agent or agents

By Marshall Cohen, CNN (CNN) — The Treasury Department cut ties with Booz Allen Hamilton on Monday and announced that it was canceling $21 million in federal contracts with the consulting giant because one of its ex-employees previously leaked President Donald Trump’s tax returns to the press. A statement from Treasury Secretary Scott Bessent referenced

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump announced on Monday he is raising tariffs on goods from South Korea to 25% from 15%. “Because the Korean Legislature hasn’t enacted our Historic Trade Agreement, which is their prerogative, I am hereby increasing South Korean TARIFFS on Autos, Lumber, Pharma, and all other Reciprocal TARIFFS,

By Nathaniel Meyersohn, CNN New York (CNN) — Corporate giants in the Twin Cities stayed silent, publicly, for more than a month as massive federal immigration operations upended daily life and the local economy. Top Minnesota CEOs and business leaders had held phone calls about how to respond. Instead of going public, they settled on