Money

By Reuters (CNN) — A U.S. court upheld the convictions of Theranos’ founder Elizabeth Holmes and President Ramesh “Sunny” Balwani on Monday, on charges of defrauding investors in the failed blood testing startup once valued at $9 billion. A three-judge panel for the 9th U.S. Circuit Court of Appeals in San Francisco rejected claims of

By Brian Stelter, CNN (CNN) — Lester Holt, the trusted face of “NBC Nightly News” for the past decade, is stepping down from the newscast this summer. Holt will continue to host “Dateline NBC,” the network’s prime time newsmagazine. “Quite simply, Lester is the beating heart of this news organization,” NBC News executive vice president

By Nathaniel Meyersohn and Maria Sole Campinoti, CNN New York (CNN) — Starbucks announced Monday it will lay off over 1,000 corporate workers and cut complex and unpopular drinks from its menu in an effort to turn around lagging sales and revamp the coffee chain. Starbucks is cutting some Frappuccino blended drinks, Royal English Breakfast

By Elisabeth Buchwald, CNN New York (CNN) — President Donald Trump is eyeing a “25% or higher” tariff on all semiconductor chips the United States imports, with rates likely to “go very substantially higher over a course of a year,” he told reporters on Tuesday. Unlike cars and pharmaceuticals — which Trump said would soon

By Chris Isidore and Clare Duffy, CNN New York (CNN) — Apple said Monday it will invest $500 billion on expanding US facilities over the next four years, a move that could help it avoid new tariffs on goods imported from China. Apple said the investment will create 20,000 jobs. Earlier this month, President Donald

By Samantha Delouya, CNN (CNN) — In pricey Los Angeles, where single-family homes under $1 million are hard to come by, even destructive fires haven’t deterred willing buyers. This month, a burned lot in affluent Pacific Palisades sold for nearly $1.2 million — hundreds of thousands over its asking price — despite the land remaining

By Vanessa Yurkevich, CNN New York (CNN) — America’s egg shortage has led US businesses to turn to Turkey. Not the bird, the country. Turkey plans to export 420 million eggs to the United States this year, the most ever, according to the Egg Producers Central Union in Turkey. The ramped-up exports come as avian

By Auzinea Bacon, CNN (CNN) — Joy Reid will host her final evening news show with MSNBC this week as part of a slate of programming changes by Rebecca Kutler, the network’s new president, sources familiar with the matter told CNN. According to sources, Kutler plans to replace “The ReidOut,” which has aired at 7

By Bryan Mena, CNN Washington (CNN) — Fluctuating egg prices aren’t anything new for Scott Auslander, general manager of Bread Furst, a bakery in Washington, DC. But this time is different, he told CNN. “Our suppliers are telling us that they don’t know when egg prices are going to come down — or if they’re

By Auzinea Bacon, CNN (CNN) — A sharp hike in the price of luxury goods in recent years has cost some brands a key group of customers. About 50 million customers were sidelined from the luxury goods market by 2024 as prices climbed roughly 20% since 2021, according to Aaron Cheris, a partner and head

By Auzinea Bacon, CNN (CNN) — Warren Buffett’s Berkshire Hathaway (BRK.A) on Saturday reported operating earnings for the fourth quarter rose 71% after taxes year-over-year to a record $14.5 billion. Operating profit in 2024 rose 27% to $47.4 billion from $37.3 billion a year earlier. Berkshire reported full-year net income of $89 billion, down 7.5%

By Ramishah Maruf, CNN New York (CNN) — It can be nerve-wracking to fly right now. Just this month, the collision of an American Airlines plane and a US Army helicopter killed 67 people in Washington, DC, and a Delta Airlines flight crash-landed in Toronto. In 2024, the year started off with a door panel

CNN By Brian Stelter, CNN (CNN) — The Associated Press is suing three Trump administration officials in federal court for banning AP reporters from some of President Trump’s events, the Oval Office, and Air Force One. The AP alleges that the ban violates the First Amendment as well as the due process clause of the

By Brian Stelter, CNN (CNN) — The Associated Press is suing three Trump administration officials in federal court for banning AP reporters from some of President Trump’s events, the Oval Office, and Air Force One. The AP alleges that the ban violates the First Amendment as well as the due process clause of the Fifth

By David Goldman, CNN (CNN) — US stock markets fell sharply Friday after an economic report showed American consumers are growing increasingly fearful of price increases and how President Donald Trump’s tariffs could reignite the inflation crisis. The Dow Jones Industrial Average fell 748 points, or 1.7%. The broader S&P 500 also sank 1.7% and

By David Goldman and Robert Ilich, CNN (CNN) — Coinbase, America’s largest cryptocurrency exchange, said Friday that the Trump administration has agreed to drop a major lawsuit that would have broad ramifications for the crypto industry. It comes as the new Trump administration has promised to deregulate digital currencies like bitcoin. The Securities and Exchange

By Amarachi Orie, CNN (CNN) — Australia’s longest-running soap opera “Neighbours” has been canceled. Again. “We are sad to announce that Neighbours will be resting from December 2025,” read a statement from the show, first aired in 1985, posted on social media. “New episodes from the 40th-anniversary season will continue to air on Prime Video

By Anna Cooban, CNN London (CNN) — A stark new reality in Europe — that its long-time ally and security guarantor, the United States, may not come to its rescue in a future war — has set the stage for a faster ramp-up in military spending on the continent. And in anticipation of higher revenues

By Chris Isidore, CNN New York (CNN) — President Donald Trump said he’s looking to change the US Postal service, including giving the Secretary of Commerce authority over what has been an independent organization for more than 50 years. It’s a move that could be a first step towards privatization that could upend how Americans