Money

By Krystal Hur, CNN New York (CNN) — Stocks took a dive Tuesday after a key inflation report revealed stubborn price increases, raising concerns on Wall Street that the Federal Reserve will keep rates higher for longer than anticipated. The Dow Jones Industrial Average slid 525 points, or 1.4%, on Tuesday, its largest single-day drop

CNN By Nathaniel Meyersohn, CNN New York (CNN) — The Federal Trade Commission on Monday sued to block the $25 billion deal between Kroger and Albertsons, alleging the largest supermarket merger in US history would lead to higher prices, store closures and job losses. The merger, announced in 2022, sought to combine the fifth and

By Parija Kavilanz, CNN New York (CNN) — With Valentine’s Day fast approaching, stores are relying on procrastinating romantics to make a last-minute dash in stores and online to help clear out the supply of the special-occasion candy. If you’re among them, don’t be fooled by the smorgasbord of cutely packaged candy adorned with hearts

By Brian Fung, CNN Washington (CNN) — A federal judge has temporarily blocked an Ohio law seeking to regulate kids’ access to social media platforms, saying that the law is likely unconstitutional. Monday’s order by District Judge Algenon Marbley reiterates what Marbley said last month when he issued an emergency order halting the Ohio law from going

By Chris Isidore, CNN New York (CNN) — JetBlue’s stock soared more than 14% in premarket trading Tuesday after financier Carl Icahn disclosed late Monday that he had taken a 9.9% stake in the company. Icahn paid an average of $3.56 a share for his 33.6 million shares of the stock, according to the filing.

By Alicia Wallace, CNN New York (CNN) — Price hikes eased off less than expected in January, but still offered a hint of relief for Americans who have suffered through some of the steepest price hikes in four decades. The first measure of inflation for 2024, the Consumer Price Index, showed that prices rose by

By Jeanne Sahadi, CNN New York (CNN) — World events, work problems, illness, financial issues — there are plenty of unhappy stressors that can harm an employee’s mental health. “People are coming (into work) with a lot more than what is on their to-do list. Those stresses can affect how they’re feeling and how they perform

By Anna Cooban, CNN London (CNN) — Thousands of drivers for ride hailing services and food delivery riders in the United States and United Kingdom are due to strike on Valentine’s Day in disputes over pay and working conditions. In America, campaign group Justice for App Workers said in a blog post last week that

By Samantha Murphy Kelly, CNN (CNN) — Teens are more protected on social media sites in many other parts of the world than they are in the US, from what they see to the data that’s collected about them. In the US, federal legislation around these issues often moves slowly. In contrast, the European Union

By Samantha Delouya, CNN Los Angeles (CNN) — Tiger Woods has found a new look after splitting up with Nike, his longtime partner, last month. On Monday, Woods announced that he would be partnering with Taylormade to launch a new apparel brand — Sun Day Red. The announcement was made at a press conference in

By Elisabeth Buchwald, CNN New York (CNN) — Bumpy and slow is how a top Federal Reserve official sees inflation’s trajectory this year. Translation: Don’t get your hopes up for rate cuts in the next few months. Atlanta Fed President Raphael Bostic, who is voting on the Federal Open Market Committee’s policy decisions this year,

By Matt Egan, CNN New York (CNN) — A congressional committee probing campus antisemitism is expanding its investigation to include Columbia University and demanding the Ivy League school turn over a trove of documents to lawmakers. In a 16-page letter delivered to Columbia leaders Monday afternoon, Rep. Virginia Foxx, the Republican chairwoman of the House

By Chris Isidore, CNN New York (CNN) — The most famous – and arguably the best – Super Bowl ad in history, the Apple “1984” ad, was nearly killed by the company for whom it was made. The 60-second ad, which announced the arrival of the groundbreaking Macintosh, shows a dystopian gathering of an audience

By Eva Rothenberg, CNN New York (CNN) — Bob Edwards, the longtime National Public Radio host and a goliath of the broadcasting world, died on Saturday, his wife, NPR reporter Windsor Johnston, confirmed in a Facebook post. He was 76. “Bob Edwards understood the intimate and distinctly personal connection with audiences that distinguishes audio journalism

By John Towfighi, CNN (CNN) — Cocoa prices are surging so high that even the biggest chocolate makers are struggling to stay profitable. That doesn’t portend well for your wallet this Valentine’s Day. Last Thursday, Hershey Co. said it would cut 5% of its workforce after historic cocoa prices and inflation-weary consumers dampened fourth quarter

By Jordan Valinsky, CNN New York (CNN) — A career in music isn’t in Ben Affleck’s future, but at least his go-to drink at his favorite coffee chain — Dunkin’ — is getting easier to order. Beginning Monday, Dunkin’ is launching the “DunKings Menu,” a limited-time selection of food and drinks named after Affleck’s failed

By Jordan Valinsky, CNN New York (CNN) — Bob Moore, the founder of Bob’s Red Mill whole-grains company, has died. Shoppers will likely recognize his face for adorning the brand’s packaging for decades, with the company calling him “one of the most recognized figures in the natural foods industry” with a “larger-than-life personality,” in a

By Juliana Liu, CNN Hong Kong (CNN) — A year after making its advertising debut at the Super Bowl, Chinese-backed online shopping platform Temu is redoubling efforts in its most important market with a second ad on America’s biggest stage and $15 million in coupons and other giveaways. The Boston-based firm — owned by PDD