Money

By Jordan Valinsky, CNN New York (CNN) — Starbucks is taking “significant action” to turn around its struggling business, closing a large number of cafés and announcing a second round of layoffs at its headquarters as part of CEO Brian Niccol’s efforts to resuscitate the troubled chain. Niccol announced Thursday that Starbucks will close hundreds

By Natasha Chen, CNN Los Angeles, CA (CNN) — The nearly 102-year-old Walt Disney Company is no stranger to being catapulted into America’s culture wars. But the wrangling over “Jimmy Kimmel Live!” this month marked a new milestone in the entertainment behemoth’s frequent foray into culture-war flashpoints. Just since 2020, Disney has dealt with political

By Wayne Chang, John Liu, CNN Taipei, Taiwan/Hong Kong (CNN) — Giant, the world’s largest bike manufacturer, on Thursday warned of delays to shipments to the United States after American customs officials announced a surprise ban on imports over unspecified forced labor accusations. US Customs and Border Protection (CBP) issued an order on Wednesday to

By John Liu, CNN (CNN) — Jimmy Kimmel opened his second night back on the late-night stage by taking on President Donald Trump’s latest attacks against him and his network ABC, describing the president as a “80s-movie-style bully.” In his opening monologue, Kimmel performed a sentence-by-sentence roast of Trump’s social media post from Tuesday, in

By Brian Stelter, CNN (CNN) — The first new episode of “Jimmy Kimmel Live!” since his suspension averaged 6.3 million viewers via traditional television, more than three times the show’s typical TV viewership, even though the show was blacked out in dozens of markets. In the key advertiser-friendly demographic of viewers ages 18 to 49,

By Brian Stelter, CNN (CNN) — A group of 100-plus former ABC News journalists has sent a letter to Disney CEO Bob Iger urging him to make “a concerted effort to defend free speech and press freedom against political intimidation.” The letter, obtained by CNN on Wednesday, soon after it was delivered to Iger, was

By Clare Duffy, Aditi Sangal, CNN New York (CNN) — President Donald Trump’s surprise announcement that he would hike H1-B application fees to $100,000 sparked fear and confusion among foreign workers. It also sent the companies who employ them scrambling, forcing the White House to clarify that the fee would apply only to new applications,

By Luciana Lopez, CNN (CNN) — Jimmy Kimmel returned to his late night show on Tuesday night after a suspension amid pressure by the Trump administration and a furor over Kimmel’s remarks about the killer of conservative activist Charlie Kirk. Kimmel delivered an opening monologue – occasionally choking up – that ranged across everything from

By Clare Duffy, CNN New York (CNN) — YouTube said Tuesday it plans to reinstate some accounts that it previously banned for violating rules against repeatedly posting misinformation about Covid-19 and the 2020 election. That announcement came in a letter sent by a lawyer for the platform’s parent company, Alphabet, to House Judiciary Committee Chairman

By Olesya Dmitracova, CNN London (CNN) — Households should keep some cash at home so they can pay for essentials during crises, according to an analysis of four major disruptive events in Europe, including the pandemic and Russia’s invasion of Ukraine in 2022. Consumer demand for banknotes surged in Europe during each of a string

By Jordan Valinsky, CNN New York (CNN) — A few months after the collapse of Joann, a former foe is reviving the crafting and fabric store’s brand name. Michaels announced Wednesday that it is bringing a “Knit & Sew Shop” format to all of its US and Canada locations, which features the Joann name on

By Ana Nicolaci da Costa, CNN LONDON (CNN) — Right-leaning podcaster Joe Rogan has chimed in on the suspension of late night host Jimmy Kimmel amid pressure from the Trump administration, saying the government should not determine what comedians say and that conservatives were “crazy” to support any such interference. Disney’s ABC last week took

By Jordan Valinsky, CNN New York (CNN) — As Aldi expands across the United States, so does its name recognition. Now, that name will be stamped on all of its own products. Aldi announced Wednesday sweeping changes across its product portfolio, drastically reducing the number of in-house brands from about 90 to 26 and consolidating

By Matt Egan, CNN New York (CNN) — Tariffs are fueling a significant chunk of price hikes across the economy, according to a survey of executives released Wednesday. Chief financial officers estimate tariffs are to blame for about one-third of their companies’ price growth this year, according to The CFO Survey issued by Duke University

CNN By Brian Stelter, Dan Heching, Andrew Kirell, CNN (CNN) — Jimmy Kimmel returned to his late-night stage Tuesday night and urged viewers to stand up to President Donald Trump’s threats, even as Trump sent out a new social media attack against Kimmel’s network, ABC. In an eloquent and emotional monologue, Kimmel assailed “anti-American” efforts

By Brian Stelter, Dan Heching, Andrew Kirell, CNN (CNN) — Jimmy Kimmel returned to his late-night stage Tuesday night and urged viewers to stand up to President Donald Trump’s threats, even as Trump sent out a new social media attack against Kimmel’s network, ABC. In an eloquent and emotional monologue, Kimmel assailed “anti-American” efforts to

By John Liu, CNN (CNN) — China’s powerful internet censors have long been known for erasing political dissent, vitriol against the Communist Party leadership, and mention of sensitive historical events. Now, they’re being unleashed on a new scourge – negativity. The country’s internet regulator on Monday unveiled a two-month nationwide campaign aimed at curbing pessimism

By Liam Reilly, CNN (CNN) — Disney is hiking the price of its subscription streaming service — and the timing couldn’t be more awkward, given the controversy surrounding the media giant’s handling of Jimmy Kimmel this past week. Starting October 21, Disney+’s plan with ads will increase $2 to $11.99, while its ad-free tier will

By Bryan Mena, CNN Washington (CNN) — America’s central bankers continue to deal with the double whammy of potentially higher inflation and a slowing labor market, Federal Reserve Chair Jerome Powell said Tuesday, calling it a “challenging situation” for Fed policymakers. But, for now, interest rates are in a good place to deal with either

By Ana Nicolaci da Costa, CNN LONDON (CNN) — Amazon is planning to close all of its Amazon Fresh stores in the United Kingdom as it focuses on online grocery services. The e-commerce giant plans to shut 14 stores and convert another five into Whole Foods Market stores, it said in a statement Tuesday. “In