Money

By Liam Reilly, CNN (CNN) — Patrick Soon-Shiong, the billionaire who purchased the Los Angeles Times for $500 million in 2018, said Monday he is taking the ailing newspaper public. Speaking on “The Daily Show,” Soon-Shiong told host Jon Stewart the newspaper will take the company public over the course of the next year. The

By Liam Reilly, CNN (CNN) — Jon Stewart pulled no punches Monday over CBS’s cancellation of Stephen Colbert’s late-night show. During Monday night’s broadcast of “The Daily Show,” Stewart’s first since Colbert on Thursday shared that “The Late Show” would not return beyond May 2026, the late-night veteran lambasted CBS for canceling the program. “The

By Brian Stelter and Liam Reilly, CNN (CNN) — When the White House took control of the so-called “press pool” that accompanies the president, journalists worried that the Trump administration would use that power to punish news outlets. First it was the Associated Press; now it’s the Wall Street Journal. On Monday, the White House

By Nic F. Anderson, CNN (CNN) — Ford has issued a recall for more than 694,000 Bronco Sport and Escape vehicles due to a fire hazard. The compact SUVs are being recalled because a fuel injector may crack and leak and potentially cause a fire, according to the recall notice. The recall involves Bronco Sports

By Jordan Valinsky, CNN New York (CNN) — As younger drinkers shun traditional soda brands for gut-friendly alternatives, PepsiCo is hoping to lure them back with its iconic cola flavor. On Monday, the company is unveiling a healthier version of its flagship flavor called “Pepsi Prebiotic Cola.” The permanent addition to its lineup builds off

By Matt Egan, CNN New York (CNN) — An Atlanta-based banker working for Wells Fargo has been prevented from leaving China, the latest incident that threatens to amplify concerns among Western executives about the potential consequences of visiting the world’s second-biggest economy. Chinese authorities said Monday the exit ban placed on Wells Fargo executive Chenyue

By Lianne Kolirin, CNN London (CNN) — Extreme weather caused by climate change is driving up the prices of basic food products worldwide and posing wider risks to society, a new study has found. The cost of a wide range of goods – from vegetables in California to coffee in Brazil – saw dramatic spikes

By Lucy Bayly, CNN New York (CNN) — Treasury Secretary Scott Bessent said Monday he believes the Federal Reserve system should be reviewed for potentially holding back the US economy, which is “on the cusp” of growth that could equal the dot-com boom seen in the 1990s. “I think that’s what the paradigm or the

By Brian Stelter, CNN (CNN) — Network late-night shows have been losing viewers for years, but “The Late Show with Stephen Colbert” is primed for a ratings bump right now. That’s because Monday night will be Colbert’s first new episode since CBS shocked the media sector by announcing “The Late Show” will end next May.

By Jordan Valinsky, CNN New York (CNN) — Millions of people might be coping with extreme heat, but Starbucks is already getting ready for chilly fall temperatures with its most anticipated annual menu announcement. It could use the boost. The coffee chain revealed that its wildly popular Pumpkin Spice Latte beverage will return to menus

By Bill Kirkos, CNN (CNN) — The Windy City is getting a boost from “the pope economy.” Since Pope Leo XIV’s election in May, creative entrepreneurs across the globe have worked overtime to stamp his likeness on everything from baby onesies to a cold pint of beer. But the frenzy to own the pope’s likeness

By Vanessa Yurkevich, CNN New York (CNN) — First it was eggs, now it’s beef. The last time Americans likely noticed spiking prices at the grocery store was when eggs reached record-highs. Since then, egg prices have fallen after the deadly avian flu outbreak was contained and producers built back supply. Now, beef prices are

By Brian Stelter, CNN (CNN) — A sudden resurgence of interest in Jeffrey Epstein, and unanswered questions about his crimes, has been measurable this month in book sales, Netflix streams and YouTube searches. The data points to deep public curiosity in Epstein’s underage sex trafficking operation, and a possible government coverup, at a time when

By Lily Hautau, CNN (CNN) — One lucky Massachusetts man bought two winning lottery tickets at two different stores, earning him a $2 million payday. Paul Corcoran of Fitchburg, a small city in north-central Massachusetts, planned to play in the July 9 Powerball drawing. He had initially purchased a multi-draw ticket covering seven games but

WARNER BROS. PICTURES, PARAMOUNT PICTURES, UNIVERSAL PICTURES, COLUMBIA PICTURES, CNN By Auzinea Bacon, CNN (CNN) — Warner Bros. Pictures’ “Superman” flew past the competition for the second straight week, grossing an estimated $57.25 million to top the weekend box office. James Gunn’s reboot grossed $122 million in its opening weekend, according to data provided by

By Auzinea Bacon, CNN (CNN) — Warner Bros. Pictures’ “Superman” flew past the competition for the second straight week, grossing an estimated $57.25 million to top the box office this weekend. James Gunn’s reboot grossed $122 million in its opening weekend, according to data provided by Comscore. It has now grossed $235 million domestically and

By Jeanne Sahadi, CNN (CNN) — The US federal estate tax has come a long way since 2000, when the exemption level was set at $675,000. The amount has increased greatly over the past quarter century. Americans who die in 2025 may leave behind tax free to their heirs up to $13.99 million. That exemption

By Rosa de Acosta, CNN (CNN) — America’s love for coffee has made the dark brewed beverage the most popular drink in the country. US adults drink 516 million cups of coffee every day, even though coffee prices have almost doubled in the past five years. The United States is the largest importer of coffee

CNN By Alli Rosenbloom, CNN (CNN) — Coldplay frontman Chris Martin made sure to give concertgoers plenty of notice that they may appear on their video screens during the “Jumbotron Song” at their show Saturday night. “We’d like to say hello to some of you in the crowd,” Martin said on stage at Camp Randall