Money

By Bryan Mena, CNN Washington (CNN) — The job market is on such shaky ground that the Federal Reserve may soon need to cut interest rates to support the economy, Fed Chair Jerome Powell said Friday at a key central banking forum. In one of his most consequential speeches, Powell suggested the labor market could

CNN By Jordan Valinsky, CNN New York (CNN) — Cracker Barrel’s modern makeover doesn’t stop with redoing its restaurants. It’s dropping the barrel and the man from its logo, too. On Tuesday, the Southern-inspired casual dining chain unveiled a new logo “rooted even more closely to the iconic barrel shape,” but without the barrel itself

By Chris Isidore, CNN (CNN) — Car prices have not gone up significantly thanks to tariffs just yet. But with next year’s models hitting showroom floors, American car buyers will see how much longer that can last. New car prices haven’t changed much this year, despite 25% tariffs on most imported cars and parts, which

By Lisa Eadicicco, CNN New York (CNN) — Between the Covid-19 pandemic, decades-high inflation and unprecedented tariffs, it’s been a tumultuous half-decade for retailers. Some major chains have done a better job at navigating those challenges than others, a point that Walmart and Target underscored in their quarterly earnings this week. Walmart reported that sales

By Harper Stephanopoulos, CNN New York (CNN) — Trendy restaurants have always existed in New York. Places like The Odeon and Raoul’s to Torrisi and 4 Charles Prime Rib have been eateries to see and be seen, their reputations grown over years through word-of-mouth, critics’ reviews and celebrity spottings. Now, the era of TikTok has

By Chris Isidore, CNN (CNN) — Tesla is facing an investigation from federal safety regulators into whether it delayed notifying the government about crashes involving its driver assistance technology. The National Highway Traffic Safety Administration (NHTSA) is looking into whether or not the company is complying with regulations requiring it to report data about crashes

By Bryan Mena, Phil Mattingly, CNN Washington (CNN) — A Justice Department official is set to probe Federal Reserve Governor Lisa Cook after she was accused by a member of President Donald Trump’s administration of committing mortgage fraud, according to a letter sent Thursday to Fed Chair Jerome Powell. The letter, seen by CNN, was

CNN By Nathaniel Meyersohn, CNN New York (CNN) — Walmart is getting hit by tariffs, like every other business in America. But customers are still flocking to Walmart because they believe the retailer offers them the biggest bang for their buck. The retail behemoth once again on Thursday showed how it uses its size to

By Chris Isidore, CNN (CNN) — The lower US tariffs on cars imported from the EU will have to wait, at least for now. The EU-US trade agreement is poised to cut the US import tax on cars from the EU from 27.5% to 15%. However, details released Thursday reveal that the lower rate won’t

By Ryan Hogg, CNN London (CNN) — The Russian government will require the state-backed Max messenger app to be pre-installed on all smartphones and tablets sold in the country, in a move that could increase surveillance of Russian citizens. According to an official statement Thursday, Max will be installed on devices from September 1. The

By Nathaniel Meyersohn, CNN New York (CNN) — Walmart is getting hit by tariffs, like every other business in America. But customers are still flocking to Walmart because they believe the retailer offers them the biggest bang for their buck. The retail behemoth once again on Thursday showed how it uses its size to dominate

By Jordan Valinsky, CNN New York (CNN) — Cracker Barrel’s modern makeover doesn’t stop with redoing its restaurants. It’s dropping the barrel and the man from its logo, too. On Tuesday, the Southern-inspired casual dining chain unveiled a new logo “rooted even more closely to the iconic barrel shape,” but without the barrel itself —

By Bryan Mena, CNN Washington (CNN) — Business has never been this slow for Jovan Richards, who sells shirts, hats and souvenirs emblazoned with the likeness of the nation’s capital. Every day for the past four years, Richards and her husband have set up a table to sell merchandise near the Washington Monument. Richards, 56,

By Matt Egan, CNN New York (CNN) — Lisa Ward was startled at the prices on sneakers when she recently went back-to-school shopping for her twin boys. “All of them were at least $10 or $20 more than last year. That pissed me off, but I didn’t have a choice,” said Ward, a finance professional

By Amy Gunia, Kristie Lu Stout, Hazel Pfeifer, Kriti Gandhi, CNN (CNN) — Bordeaux’s tourists flock to its vineyards to taste flights of the region’s renowned red wines. On the other side of the world, entrepreneur Adrian Choy hopes that visitors to Malaysia will soon view sampling the world’s most divisive fruit as a similar

By Chris Isidore, Alexandra Skores, CNN (CNN) — Southwest Airlines, primarily a domestic airline throughout its over 50-year history, is looking at expanding to overseas markets, a further sign that the once-distinctive Texas airline is following the path of rival carriers. “Southwest Airlines is continuing to consider ways to grow our business as we evolve

By John Towfighi, CNN New York (CNN) — Tech stocks were under pressure this week as Wall Street’s AI enthusiasm slowed and investors adjusted portfolios after a strong summer rally. The Nasdaq Composite fell 0.67% on Wednesday after sliding 1.46% on Tuesday. The tech-heavy index was on track to snap back-to-back weeks of gains. Meanwhile,

By Hadas Gold, CNN (CNN) — Elon Musk on Wednesday pushed back against a report that he’s dropping plans to form a new political party after he grew angry with President Donald Trump’s domestic policy bill. The Wall Street Journal reported that the richest man in the world has told associates he fears founding a

By Nathaniel Meyersohn, CNN (CNN) — Target CEO Brian Cornell is stepping down after 11 years amid struggles at one of America’s most prominent retail chains. Cornell helped engineer a turnaround at Target, but it’s been a rocky few years for the retailer. Incoming Target CEO Michael Fiddelke, a veteran leader at the company, will