Money

CNN By Ramishah Maruf, CNN New York (CNN) — Elon Musk’s Department of Government Efficiency has a new target to cut down costs: the US penny. DOGE said on X that the penny costs over 3 cents to make and cost US taxpayers over $179 million in the 2023 fiscal year. “The Mint produced over

By Ramishah Maruf, CNN New York (CNN) — Elon Musk’s Department of Government Efficiency has a new target to cut down costs: the US penny. DOGE said on X that the penny costs over 3 cents to make and cost US taxpayers over $179 million in the 2023 fiscal year. “The Mint produced over 4.5

By Samantha Delouya, CNN (CNN) — On the outskirts of Altadena, where one of the most destructive firestorms in Los Angeles history had just receded, a group of volunteers worked last week to gather fallen tree branches and leaves — removing fuel for potential future fires, bagging them up and taking them away. One of

By Donald Judd, CNN (CNN) — President Donald Trump on Thursday shrugged off an ugly back-and-forth between tech CEOs Elon Musk and Sam Altman that pitted one of Trump’s most visible lieutenants against a key participant in a massive $500 billion AI project Trump announced Tuesday. Musk had undercut Trump’s Tuesday Oval Office AI announcement,

By Ramishah Maruf, CNN New York (CNN) — UnitedHealthcare announced a new CEO on Thursday, filling in the spot after Brian Thompson was shot and killed in midtown Manhattan in a targeted attack. Company veteran Tim Noel is the new UnitedHealthcare CEO, the company said in an emailed statement. Noel has been the head of

By John Towfighi, CNN (CNN) — A cute cartoon duck can be the bearer of bad news. Stripe is laying off 300 people, or about 3.5% of its global workforce — and in emails to some terminated employees, the company accidentally sent an image of a yellow cartoon duck, a spokesperson confirmed to CNN. Some

By Maria Sole Campinoti, CNN (CNN) — With no way for users to download TikTok, thousands of eBay sellers have listed phones with the app installed — hoping to capitalize on TikTok’s disappearance from US app stores following a brief ban. TikTok was pulled from mobile app stores and briefly went dark on Saturday, the

By Chris Isidore, CNN New York (CNN) — President Donald Trump this week rescinded a nearly 60-year-old executive order that prohibited government contractors from discriminating in their hiring, firing, promotion or pay practices. Replacing it is a new requirement that those employers certify that they do not have what he termed “illegal” diversity, equity, and

By Jordan Valinsky, CNN New York (CNN) — Some top Walmart managers will now make as much as $620,000 annually as part of a broader pay raise from America’s biggest retail chain. The people receiving these pay raises are market managers who oversee around a dozen stores. Their total pay, including bonuses and stock awards,

By Jeanne Sahadi, CNN (CNN) — It was no surprise when President Donald Trump this week issued a memorandum to the heads of federal departments and agencies, essentially directing them to get their employees back to the office full-time. Among other things, soon after the presidential election, Elon Musk and Vivek Ramaswamy, who at the

By Hadas Gold, CNN (CNN) — CNN is laying off around 6% of its workforce, the company announced Thursday morning, as it institutes sweeping new changes to the 45-year-old news network, including a new weekday show lineup and digital strategy. CNN CEO Mark Thompson announced that CNN will soon unveil a new streaming service, a

By Anna Cooban, CNN London (CNN) — Today’s chief executives are the last generation to manage all-human workforces as companies increasingly adopt artificial intelligence, Salesforce CEO Marc Benioff said Thursday. “From this point forward… we will be managing not only human workers but also digital workers,” he said on a panel at the annual meeting

By Ramishah Maruf, CNN New York (CNN) — Social media users, including celebrities such as singers Demi Lovato and Gracie Abrams, are posting complaints that Meta won’t let them unfollow President Donald Trump, Vice President JD Vance and first lady Melania Trump on Instagram. On her Instagram story, Abrams said she had to unfollow the

CNN By Hadas Gold, CNN (CNN) — Shortly after President Donald Trump announced a new massive AI infrastructure investment from the White House, “First Buddy” Elon Musk tried to tear it down. “They don’t actually have the money,” Musk wrote on his social media platform X. “SoftBank has well under $10B secured. I have that

By Jordan Valinsky, CNN New York (CNN) — A board member at TikTok’s parent company said that a deal to save the app from disappearing in the United States will be done soon. General Atlantic CEO Bill Ford, a ByteDance board member, said Wednesday that it’s in “everyone’s interest” to keep the app active. Ford

By Jordan Valinsky, CNN New York (CNN) — Oreo is partnering with singer Post Malone for its next limited edition cookie, featuring a first-of-its-kind filling for the brand. For a limited time, Oreo is selling a cookie created with Malone that has a swirled creme filling, which mixes salted caramel and shortbread flavor creme and

By Hadas Gold, CNN (CNN) — Shortly after President Donald Trump announced a new massive AI infrastructure investment from the White House, “First Buddy” Elon Musk tried to tear it down. “They don’t actually have the money,” Musk wrote on his social media platform X. “SoftBank has well under $10B secured. I have that on