Money

By Nathaniel Meyersohn, CNN New York (CNN) — US consumers, strained by years of higher prices and elevated interest rates, are changing their shopping patterns. Americans are buying more at discount chains like Target and Walmart while dialing back spending at Macy’s and Lowe’s. Target’s sales at stores open at least one year increased 2%

By Krystal Hur and Matt Egan, CNN New York (CNN) — Vice President Kamala Harris’ presidential campaign is courting everyday Americans tired of the country’s affordability crisis. But she is winning over some key figures on Wall Street. Since the whirlwind launch of her presidential campaign after President Joe Biden dropped out of the race

By Jeanne Sahadi, CNN New York (CNN) — A recent analysis by Morningstar’s Center for Retirement and Policy Studies projects that 45% of US households run the risk of falling short financially if they retire at 65 — or 54%, if they retire at 62. So many workers today have largely been on their own

By Hazel Pfeifer, CNN Tashkent, Uzbekistan (CNN) — A landlocked country in the heart of Central Asia, Uzbekistan has long been fueled by agriculture and manufacturing. But a growing economy and younger population are leading to an expansion of the country’s creative industries. The government has been investing heavily in a series of ambitious arts

By Sabrina Souza, CNN New York (CNN) — The majority of Columbia students arrested during protests over Israel’s war in Gaza will be returning to school this fall. Dozens of students arrested and placed on interim suspension in the spring will return to campus and enroll in classes while awaiting disciplinary hearings. That’s according to a report released Monday by

By Matt Egan, CNN New York (CNN) — Supermarket chain Kroger is suing a federal agency in a daring move that aims to weaken how Washington fights mergers that threaten to jack up prices on consumers. The lawsuit alleges the Federal Trade Commission is violating the US Constitution by using an in-house tribunal to challenge

By Ramishah Maruf and Elizabeth Wagmeister, CNN New York (CNN) — Alex Cooper, the host of the popular, unfiltered sex and relationship podcast “Call Her Daddy,” is ending her own relationship — with Spotify. Cooper signed an agreement with SiriusXM, giving the platform exclusive advertising and distribution rights, as well as other content and events.

By Hanna Ziady, CNN London (CNN) — The European Union may have just given Tesla’s future sales in the region a boost by setting tariffs on its China-made vehicles considerably below those imposed on rival electric carmakers. The high-profile decision comes two months after the EU hiked tariffs on all electric cars imported from China,

By Rashard Rose, CNN (CNN) — Former President Donald Trump attempted in a new interview to soften previous comments he made about exerting direct control over the Federal Reserve, including setting rates. “A president certainly can be talking about interest rates because I think I have very good instincts,” Trump said in an interview Monday with

By Jordan Valinsky, CNN New York (CNN) — The launch of Boeing’s long-delayed 777X aircraft has encountered another problem, forcing the company to pause testing and dealing yet another blow to Boeing’s reputation for quality. Boeing discovered problems in a structural component between the engine and the plane’s wings in a test flight. Boeing said

By Hanna Ziady and Barbie Latza Nadeau, CNN London (CNN) — British tech tycoon Mike Lynch, Morgan Stanley International director Jonathan Bloomer, and Chris Morvillo, a prominent American lawyer, are among six people still missing after a tornado hit a luxury yacht off the coast of Sicily. The vessel sank Monday — killing one of

By Ramishah Maruf, CNN New York (CNN) — The price of a bar of gold is worth a million dollars for the first time, thanks to soaring prices for the precious metal. The price of spot gold reached more than $2,500 per troy ounce Friday, hitting a record high. The average gold bar weighs 400

By Jessie Yeung and Jon Passantino, CNN (CNN) — Disney has reversed course on a wrongful death lawsuit brought by the widower of a woman who died after eating at a resort restaurant, saying the matter can now proceed to court. Previously, Walt Disney Parks and Resorts had argued in court documents that the widower’s

By Nathaniel Meyersohn, CNN New York (CNN) — Tractor Supply Co. John Deere. Now Harley-Davidson. Harley-Davidson said Monday that it’s ending diversity and other progressive initiatives at the company. Harley-Davidson is the latest major American brand to backtrack from DEI policies it had supported in recent years. Harley-Davidson faced pressure online from Robby Starbuck, a

By Ramishah Maruf, CNN New York (CNN) — BurgerFi, the fast-casual burger chain and owner of Anthony’s Coal Fired Pizza, is running out of cash – and options. The company said it may need to file for bankruptcy. The company said it had just $4.4 million on hand as of August 14. It also expects

By Jordan Valinsky, CNN New York (CNN) — The body of Mike Lynch, the 59-year-old British tech investor, has been recovered from the sunken Bayesian superyacht, Italian interior ministry office Massimo Mariani told Reuters on Thursday. Early Monday morning, a luxury yacht he was on was hit by a tornado and sunk off the coast of

By Alicia Wallace, CNN (CNN) — The shape of the US labor market is changing, job growth is slowing and new survey data released Monday shows that Americans are starting to feel increasingly unsettled about it all. The Federal Reserve Bank of New York’s latest survey on consumers’ labor market experiences and expectations showed that

By Reuters and Lucy Bayly, CNN New York (CNN) — Billionaire investor Carl Icahn and his firm Icahn Enterprises have settled charges for failing to disclose pledges of the company’s securities as collateral for billions of dollars in personal loans, US regulators said Monday. The investigation came after a report from short-seller Hindenburg Research sent

By Alicia Wallace, CNN (CNN) — Inflation is slowly moving back to what’s considered a more sustainable pace, but for many Americans, it’s hard to take solace: The post-pandemic spike in price hikes drastically increased the cost of living. Both Vice President Kamala Harris and former President Donald Trump have pledged to bring those costs

By Hanna Ziady, CNN London (CNN) — The Canadian owner of Circle K convenience stores has made a bid to buy 7-Eleven in what would be the biggest foreign takeover of a Japanese company on record and the largest cross-border acquisition this year. In a statement Monday, Seven & I Holdings, the operator of 7-Eleven,