Money

By Jordan Valinsky, CNN New York (CNN) — The Starbucks CEO revolving door keeps spinning as the company struggles with sinking sales. Laxman Narasimhan is stepping down immediately after just a year in the role, the company announced Tuesday. The struggling coffee chain has tapped Chipotle CEO and corporate fix-it man Brian Niccol to be its new chairman

By David Goldman, CNN (CNN) — Elon Musk said an attack on X delayed his interview with former President Donald Trump by 42 minutes. But Musk also blamed mistakes by X’s staff for the snafu that prevented people from joining the stream. “Given the prominence of this conversation, there was of course a 100% probability

By Erika Tulfo, CNN (CNN) — Despite sweltering August temperatures, more stores are rolling out products in what was once the quintessential fall flavor: pumpkin spice. IHOP will launch its fall-themed lineup on September 1, including pumpkin spice pancakes, pumpkin spice cold foam cold brew and maple pumpkin cheesecake-flavored pancakes. And Krispy Kreme unveiled its

By Ramishah Maruf, CNN New York (CNN) — Israel’s credit rating was downgraded by Fitch Ratings Monday, after the agency cited concerns around the ongoing war with Hamas and geopolitical risks. Fitch kept a negative outlook on the country’s credit, meaning it could cut the rating again in the future, as it notched down the

By Liam Reilly, CNN New York (CNN) — The New York Times is getting out of New York endorsements. The newspaper’s editorial board on Monday announced that it will no longer endorse political candidates in New York state and local races. “While elections everywhere remain critical to the lives and experiences of our audience, the

By Nathaniel Meyersohn, CNN New York (CNN) — It could get harder to find an affordable gym. Blink Fitness, the low-price gym chain with monthly memberships ranging from $15 to $45, filed for bankruptcy Monday and said it may close an unspecified number of its 101 clubs. Blink is owned by luxury gym chain Equinox

By Matt Egan, CNN New York (CNN) — Former President Donald Trump’s social media business is making a big bet on streaming as the rest of the company brings in shockingly little money. Even though Trump Media & Technology Group (DJT) is valued at $5 billion, the Truth Social owner revealed Friday evening it made

By Jordan Valinsky, CNN New York (CNN) — Chuck E. Cheese has a new subscription program that’s nearly half the price of a standard Netflix plan, but one the animatronic rat likely hopes is double the fun. The family entertainment chain is launching a nationwide monthly membership program starting at $7.99 that lets customers play

By Samantha Delouya, CNN (CNN) — Realtors across the US are bracing for a seismic shift in the way they do business. Starting August 17, new rules will roll out that overhaul the way Realtors get paid to help people buy and sell their homes. The changes, which are part of a $418 million settlement

By Robert Ilich, CNN (CNN) — McDonald’s France had a not-so-thinly veiled response to the men’s basketball final at the Paris Olympics. After Steph Curry drained eight three-pointers Saturday to help lead the United States to gold in a 98-87 win over France, the Instagram account for McDonald’s France posted a message Sunday directed at

By Nic F. Anderson, CNN (CNN) — Esteban Wood still remembers the time a 74-year-old Mexican farmer in Homestead, Florida, collapsed on the job from extreme heat. In 2018, Wood, the policy director at Florida-based worker advocacy group WeCount!, learned about the case of Jose Delgado, who passed out near the end of a workday without

By Erika Tulfo, CNN New York (CNN) — Americans are shelling out more for oyster happy hours. Experts say the buck-an-oyster deal of yore is all but dead, with some noting restaurants have hiked prices as high as $2.50 apiece. Oyster happy hours are just the latest piece of American life that’s gotten more expensive

By Ashley R. Williams, CNN (CNN) — After a Michigan man was one number off from matching all five winning numbers in the state’s Fantasy 5 jackpot last month, he got back into the action the next day. It paid off and he walked away with a huge payout. The 53-year-old man from Macomb County,

By Jeanne Sahadi, CNN New York (CNN) — No part of the United States is spared the risk of extreme weather events, which have been hitting harder in recent years. From wildfires and tornadoes to hurricanes and flooding to prolonged heat waves, the potential damage from extreme weather to people, animals and property is high.

By Bryan Mena, CNN Washington (CNN) — America’s lucrative job market of recent years is now long gone, with the unemployment rate recently rising to its highest level since October 2021. But there’s still some serious momentum in one industry. These workers have plentiful jobs available to them across the country and are raking in

By Samantha Delouya, CNN (CNN) — This month, the rules in residential real estate are changing. The National Association of Realtors said the changes included in a settlement to end antitrust legal claims officially take effect nationwide on August 17. The changes overhaul the informal guidelines that often led to homesellers paying a commission of

By Erika Tulfo, CNN (CNN) — Even as tech giants pour billions of dollars into what they herald as humanity’s new frontier, a recent study shows that tacking the “AI” label on products may actually drive people away. A study published in the Journal of Hospitality Marketing & Management in June found that describing a

By Paradise Afshar, CNN (CNN) — Former YouTube CEO Susan Wojcicki, a tech pioneer who was one of Google’s earliest employees, has died after living with lung cancer for two years, according to her husband. She was 56. “It is with profound sadness that I share the news of Susan Wojcicki passing. My beloved wife of 26 years and

By Anna Cooban, CNN London (CNN) — The BBC has told former presenter Huw Edwards to hand back the more than £200,000 ($254,767) he received in salary payments following his arrest last November on suspicion of possessing “indecent images of children” — crimes he pleaded guilty to last week. “Mr. Edwards pleaded guilty to an appalling