Money

By Anna Bahney, CNN Washington, DC (CNN) — Sharan White-Jenkins is a proud Black homeowner in Jamaica, Queens, in New York City. She’s part of a line of homeowners that goes back to her grandparents, who purchased a home on the Virginia plantation land where the family had worked as slaves. “Homeownership in our family

By Jordan Valinsky, CNN New York (CNN) — Wyze, a smart camera maker, said that some users last week saw footage from cameras that weren’t their own because of a security glitch. In an email to users sent Monday, the company said an outage that lasted several hours last Friday briefly left camera footage inaccessible

By Jordan Valinsky, CNN New York (CNN) — Checking a bag on American Airlines will now cost you more than at every other major US airline. The carrier announced Tuesday that the price of the first checked bag on most flights is increasing to $40 for customers that didn’t prepay online. It will cost $35

By Nathaniel Meyersohn, CNN New York (CNN) — Home Depot, a bellwether of the housing market and US economy, said sales dropped over the winter and it’s a expecting a slow 2024. Sales at stores open for at least one year fell 3.5% last quarter, and Home Depot projects that sales will continue to decline

By Nathaniel Meyersohn, CNN New York (CNN) — Walmart doesn’t want to just sell groceries and t-shirts. It wants to be a media and advertising giant like Amazon. Walmart announced Tuesday that it’s buying TV maker Vizio for $2.3 billion to shore up its advertising business and create a more potent rival to Amazon’s booming

By Anna Cooban, CNN London (CNN) — Bitcoin is back with a $1 trillion dollar bang. The value of the world’s most popular cryptocurrency has more than tripled to $52,000 since November 2022. That year was marked by the high-profile implosion of crypto exchange FTX, which triggered liquidity crises at several smaller crypto firms. Following

CNN By Jessie Yeung and Hassan Tayier, CNN Hong Kong (CNN) — Who doesn’t like a little braised pork with their coffee? Starbucks (SBUX) is betting on that unusual combination with a new drink released in China to mark the Lunar New Year. Dubbed the “Abundant Year Savory Latte,” the brand describes it as having

By Jessie Yeung and Hassan Tayier, CNN Hong Kong (CNN) — Who doesn’t like a little braised pork with their coffee? Starbucks (SBUX) is betting on that unusual combination with a new drink released in China to mark the Lunar New Year. Dubbed the “Abundant Year Savory Latte,” the brand describes it as having an

By Laura He, CNN Hong Kong (CNN) — China’s central bank has cut its key mortgage reference rate by a record amount, as it ramps up efforts to stem a prolonged property crisis. The People’s Bank of China (PBOC) announced Tuesday that it would cut its five-year loan prime rate (LPR) from 4.2% to 3.95%,

By Kathleen Magramo, CNN (CNN) — Hirotake Yano, the Japanese billionaire founder of Daiso Industries who helped popularize the discounted dollar-shop concept, has died of heart failure. He passed away in Hiroshima on February 12, the company said in a statement on Monday. Close family members held a private funeral and a commemoration will be

By Elisabeth Buchwald, CNN New York (CNN) — Capital One is acquiring Discover Financial Services for $35.3 billion in an all-stock deal, giving the bank a leg up in the competitive credit card market. Under the terms of the deal announced late Monday, Discover (DFS) shareholders will receive a little over one share of Capital

CNN By Nicki Brown, CNN (CNN) — Former Representative George Santos sued late night host Jimmy Kimmel for “deceiving” him into creating Cameo videos and then improperly broadcasting them on his show, according to court documents. “Defendants openly admitted to deceiving the Plaintiff under the guise of fandom, soliciting personalized videos only to then broadcast

By Nicki Brown, CNN (CNN) — Former Representative George Santos sued late night host Jimmy Kimmel for “deceiving” him into creating Cameo videos and then improperly broadcasting them on his show, according to court documents. “Defendants openly admitted to deceiving the Plaintiff under the guise of fandom, soliciting personalized videos only to then broadcast these

By Eva Rothenberg, CNN New York (CNN) — “Madame Web” swung to No. 2 at the US box office its opening week, but landed with just $26.2 million in gross domestic sales, according to Comscore estimates Monday, compared to the strong opening for “Bob Marley: One Love.” The latest in a pattern of increasingly anemic

By Ramishah Maruf, CNN New York (CNN) — Walmart, the global mega-retailer that began in Arkansas in 1962, is making huge moves in 2024. It’s making investments in technology and inventory that move it into new businesses and which will alter the Walmart experience of many customers. The company will release its fourth quarter earnings

By Anna Bahney, CNN Washington, DC (CNN) — Finding a new apartment to rent can be a slog. And with over half of US renters already paying more than 30% of their income — the standard threshold — it is clear there’s an affordability crisis. Beyond the cost, in many places it is hard to even

CNN By Anna Cooban, CNN London (CNN) — The European Union has launched a formal investigation into TikTok to determine whether the company is doing enough to protect minors on its platform as well as examine other suspected violations of the bloc’s landmark Digital Services Act. “The opening of proceedings means that the (European) Commission

By Anna Cooban, CNN London (CNN) — The European Union has launched a formal investigation into TikTok to determine whether the company is doing enough to protect minors on its platform as well as examine other suspected violations of the bloc’s landmark Digital Services Act. “The opening of proceedings means that the (European) Commission will

By Ramishah Maruf, CNN New York (CNN) — Most Americans associate Presidents’ Day with a day off work or an opportunity to snag good deals in stores. The holiday, which falls on the third Monday of February, is officially named “Washington’s Birthday” in honor of America’s first president, George Washington (his actual birthday is on

By Hanna Ziady, CNN London (CNN) — Israel’s output contracted sharply in the final three months of 2023, falling for the first time in nearly two years, as the war with Hamas takes a heavy toll on the economy. Gross domestic product (GDP) plunged 19.4% on an annualized basis compared with the July-to-September quarter, when