Money

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

By Chris Lau, CNN Hong Kong (CNN) — Beijing’s C919 airliner, a potential rival to Western-made Boeing and Airbus planes, made its first foray outside Chinese territory on Sunday by staging a flyby at the Singapore Airshow. The single-aisle jet, manufactured by the state-owned Commercial Aircraft Corporation of China (Comac), is a prominent symbol of Beijing’s

By Chris Isidore, CNN New York (CNN) — There was a huge bang. A massive hole opened up in the side of the plane, minutes into a flight. Wind and noise filled the cabin, clothes and phones were ripped from passengers and hurled into the void. The metal of airplane seats twisted towards the opening.

By Bryan Mena, CNN Washington, DC (CNN) — A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. The days of ultra-low interest rates are long gone, and

By Jordan Valinsky and Eva Rothenberg, CNN New York (CNN) — Starbucks has opened its first cafe designed to give customers with disabilities a “more accessible store experience,” the company announced Friday in a news release. The move is part of a wider inclusivity initiative that Starbucks has undertaken to design easily navigable retail spaces

By Bryan Mena, CNN Washington, DC (CNN) — Americans are on the verge of living through a historic economic event: inflation fully returning to normal — after a series of punishing interest rate hikes — without a recession. It’s a scenario that analysts refer to as a “soft landing.” The substantial progress seen so far

By Eva Rothenberg, CNN New York (CNN) — It’s an almost-inevitable part of any shopping trip. You enter a store to grab a few necessities and find yourself pushing, pulling, lifting and/or dragging your cart up the baking aisle as the one wheel with a mind of its own squeaks and stalls against the linoleum.

By Jeanne Sahadi, CNN New York (CNN) — A whopping $355 million judgment and other punitive measures in the New York civil fraud trial against former president Donald Trump, his sons and the Trump Organization will deal a very big — but maybe not fatal — blow to their New York State-based businesses. At least

By Clare Duffy, CNN New York (CNN) — With more than half of the world’s population poised to vote in elections around the world this year, tech leaders, lawmakers and civil society groups are increasingly concerned that artificial intelligence could cause confusion and chaos for voters. Now, a group of leading tech companies say they

By Clare Duffy and Allison Morrow, CNN New York (CNN) — Caitlin Clark made history Thursday as women’s college basketball’s all-time leading scorer. The Iowa star is also an economic powerhouse, putting a spotlight on the multi-million dollar earning potential of some athletes in a new era of profitability in college sports. Clark, 22, has

By Olesya Dmitracova, CNN London (CNN) — Nike will lay off about 2% of its employees, or close to 1,700 people, as the sportswear behemoth looks to cut as much as $2 billion in costs. “The actions that we’re taking put us in the position to right-size our organization to get after our biggest growth

By Anna Bahney, CNN Washington, DC (CNN) — US homebuilding dropped significantly in January, as winter storms and higher mortgage rates stymied progress on the housing shortage. Housing starts, a measure of new home construction, fell by 14.8%, compared with the previous month, according to data released Friday by the Census Bureau. It was the biggest

By Alicia Wallace, CNN New York (CNN) — Wholesale inflation, as measured by the Producer Price Index, rose more than expected in January, adding to what has so far been a disappointing inflation picture for the month. The Producer Price Index rose 0.3% last month, resulting in an annual increase of 0.9%, according to Bureau

By Matt Egan, CNN New York (CNN) — You’re not imagining it: Gasoline prices are moving swiftly higher across the country. The national average has climbed 11 cents in the past week alone, to $3.28 a gallon, according to AAA. That means millions of Americans hitting the roads this Presidents’ Day weekend will be greeted

By Elisabeth Buchwald, CNN New York (CNN) — And just like that, two of the world’s largest economies are in technical recessions. On Thursday, Japan and the UK both reported their second consecutive negative quarters of gross domestic product, fitting the widely agreed-upon definition of a recession. Could the US, the world’s largest economy, be

By Matt Egan, CNN New York (CNN) — A congressional committee investigating campus antisemitism took the unprecedented step of issuing multiple subpoenas to Harvard University on Friday, compelling the Ivy League school to turn over documents lawmakers are seeking. Rep. Virginia Foxx, the Republican chairwoman of the House Education and Workforce Committee, said she decided

By Juliana Liu and Diksha Madhok, CNN Hong Kong/New Delhi (CNN) — Japan’s stock market defied gloomy economic data to rally Friday, lifting broader Asian shares and ending the week on a buoyant note. Japan’s benchmark Nikkei 225 index closed above 38,000 points for the second day in a row, just a whisker off its

By Samantha Murphy Kelly, CNN (CNN) — Artificial intelligence leader OpenAI introduced a new AI model called Sora which it claims can create “realistic” and “imaginative” 60-second videos from quick text prompts. In a blog post on Wednesday, the company said Sora is capable of generating videos up to 60 seconds in length from text