Money

By Alicia Wallace, CNN (CNN) — Americans are having a harder time managing rising debt burdens and in some cases haven’t been this overextended since the aftermath of the Great Recession. The Federal Reserve Bank of New York on Thursday released its latest comprehensive look at credit conditions for American households in major categories such

By Alicia Wallace, CNN (CNN) — US wholesale inflation remained stubbornly elevated last month, another sign that even higher prices could be ahead for American shoppers. The Producer Price Index, a measurement of average price changes seen by producers and manufacturers, rose 0.4% on a monthly basis and 3.5% for the 12 months ended in

By Jordan Valinsky, CNN New York (CNN) — Denny’s is closing about 30 more restaurants than previously announced as part of the struggling diner chain’s plans to jumpstart growth. The additional closures come after Denny’s announced last year it was shutting the doors for 150 locations. In an earnings release Wednesday, the company revealed it

By Jordan Valinsky, CNN New York (CNN) — Several channels owned by Paramount Global, including CBS, Comedy Central and MTV, will soon disappear from YouTube TV on Thursday if the two companies don’t reach a contract renewal. YouTube TV, owned by Alphabet, told its customers that it’s “working hard to reach a fair agreement with

Analysis by Allison Morrow, CNN New York (CNN) — President Donald Trump has a rhetorical style that can be hard to follow. But even a casual listener at this point can recognize his compulsion to deflect in the face of bad news. Asked about a tragic plane crash 10 days into his second term, the

By David Goldman, CNN (CNN) — Elon Musk says he is prepared to drop his attempt to buy OpenAI if the ChatGPT maker maintains its unusual current structure in which the world’s leading and most valuable AI company is operated by a nonprofit. The battle for OpenAI, which has become deeply personal as it has

By Matt Egan, CNN New York (CNN) — About a year before the subprime mortgage meltdown brought the global financial system to its knees, a Harvard Law School professor made the case for launching a new regulator to protect consumers getting ripped off by mortgages, car loans and other financial products. After the Great Financial

CNN, POOL, TRUTH SOCIAL By Elisabeth Buchwald and David Goldman, CNN (CNN) — President Donald Trump doubled down on his extraordinary push for more balanced trade, ordering on Thursday that agencies should investigate plans for new reciprocal tariffs that could boost America’s revenue — but could also ignite a global trade war and add to

By Elisabeth Buchwald and David Goldman, CNN (CNN) — President Donald Trump doubled down on his extraordinary push for more balanced trade, ordering on Thursday that agencies should investigate plans for new reciprocal tariffs that could boost America’s revenue — but could also ignite a global trade war and add to America’s rebounding inflation problem.

By John Liu, CNN Hong Kong (CNN) — Apple will work with Chinese tech giant Alibaba to roll out AI services in the world’s biggest market for mobile phones, in a move that removes months of uncertainty for the Cupertino-based firm. “Apple has been very selective. They talked to a number of companies in China,

By Juliana Liu and Junko Ogura, CNN Hong Kong/Tokyo (CNN) — Japan’s Nissan and Honda have ended discussions on a deal that would have created the world’s third-largest carmaker. The two companies, along with their junior partner Mitsubishi Motors, agreed to “terminate” a memorandum of understanding to join forces, Nissan said in a statement on

By Ramishah Maruf, CNN New York (CNN) — Elon Musk-owned X has agreed to pay to settle a lawsuit from his close ally President Donald Trump over Trump’s deplatforming following the January 6, 2021, insurrection, according to multiple reports that cite people familiar with the matter. After the January 6 riot, social media companies such

By Matt Egan, CNN (CNN) — The Consumer Financial Protection Bureau has terminated contracts with multiple expert witnesses it had hired in cases against companies accused of hurting consumers. The decision to suddenly cancel the contracts with expert witnesses suggests that the consumer watchdog no longer plans to pursue these enforcement actions under the Trump

By Jordan Valinsky, CNN New York (CNN) — Joann, the fabrics and crafts retailer, is closing more than half of its 800 stores in the coming months as it continues to navigate the bankruptcy process. Approximately 500 stores across the United States are closing, the retailer said in a statement to CNN, saying that “right-sizing

CNN By Alicia Wallace, CNN (CNN) — It’s not just eggs. Many commonly purchased goods and services got more expensive in January, driving inflation in the wrong direction and to its highest rate since June of last year. Consumer prices rose 0.5% from December — the fastest pace since August 2023 — resulting in an

By Alicia Wallace, CNN (CNN) — It’s not just eggs. Many commonly purchased goods and services got more expensive in January, driving inflation in the wrong direction and to its highest rate since June of last year. Consumer prices rose 0.5% from December — the fastest pace since September 2023 — resulting in an annual

By Jeanne Sahadi, CNN (CNN) — The Consumer Financial Protection Bureau, the so-called cop on the beat protecting Americans from financial abuse, is now under strict orders to do nothing. “Please do not perform any work tasks,” Russell Vought, the acting director, wrote on Monday to CFPB staff in an email obtained by CNN that

By Lianne Kolirin, CNN (CNN) — Twit-t-who? The green owl who was the logo of language-learning app Duolingo is no longer. The US company behind the app, which became a household name during the Covid-19 pandemic, has issued an announcement revealing that its cute cartoon owl has died. Following in the claw-steps of Twitter’s blue

By Chris Isidore, CNN New York (CNN) — William McKinley was a largely forgotten American president from more than a century ago until Donald Trump returned to the White House as his biggest fan because of McKinley’s love affair with tariffs. Trump, who has renamed North America’s highest peak Mount McKinley in his honor and

By Alicia Wallace, CNN (CNN) — Craft breweries offer more than local beer. They provide a “third place” for community members and are oftentimes helmed by the very neighbor who handcrafted those brews. But even these most homegrown of American businesses aren’t insulated from policies that aim to shore up US industry and penalize other