Money

By Ramishah Maruf, CNN New York (CNN) — The parent company of Saks Off 5th and Last Call will close most locations to focus on its luxury retail stores after filing for bankruptcy this month. Saks Global announced on Thursday that it will shutter almost 60 of its Off 5th locations and five Last Call

CNN By Hadas Gold, CNN (CNN) — Tesla dominated the electric vehicle industry by the mid-2010s with sleek, fast cars that helped combat the public perception that EVs were severely limited by short ranges. Now the company – and its controversial CEO, Elon Musk – face stiffer competition and political headwinds. Its EV sales fell

By Lauren Said-Moorhouse, CNN Windsor, England (CNN) — King Charles has unveiled a documentary exploring his conviction that humanity needs to understand its connection with the natural world to tackle global warming and some of the other major environmental challenges facing the planet. “Finding Harmony: A King’s Vision,” made in collaboration with his King’s Foundation

By Brian Stelter, CNN (CNN) — With widespread layoffs expected at The Washington Post in the coming weeks, teams of reporters are sending impassioned letters to owner Jeff Bezos, urging him not to shrink the newsroom. In a letter obtained by CNN, the newspaper’s White House reporters banded together to defend some of the desks

By Jordan Valinsky, CNN New York (CNN) — Starbucks has an advantage in the mornings with coffee. Now, it wants to lure people back later in the day with a different type of caffeine boost. The coffee chain’s US locations will roll out a new afternoon menu in the coming weeks, which will include new

By Hadas Gold, CNN (CNN) — Tesla dominated the electric vehicle industry by the mid-2010s with sleek, fast cars that helped combat the public perception that EVs were severely limited by short ranges. Now the company – and its controversial CEO, Elon Musk – face stiffer competition and political headwinds. Its EV sales fell by

By Brian Stelter, CNN (CNN) — CNN is not for sale, the company reiterated Wednesday after a news report about media mogul Barry Diller’s interest in buying the cable network from Warner Bros. Discovery. Diller approached Warner Bros. Discovery, WBD for short, about a possible deal last year, the Wall Street Journal reported. Two people

CNN By Alexandra Banner, CNN More than a million fewer people have enrolled in Obamacare for 2026, new data shows. The drop comes after enhanced federal subsidies expired, leaving many Americans struggling with soaring monthly payments. Here’s what else you need to know to get up to speed and on with your day. 1️⃣ CNN

By Chris Isidore, CNN (CNN) — Tesla CEO Elon Musk, who turned an upstart electric vehicle maker into an industry-changing powerhouse, is pulling the plug on the two models that helped get him there, as he struggles with another quarter of declining profits and car sales. He announced the end of production of two models

By Jeanne Sahadi, CNN (CNN) — After weighing a slightly lower unemployment rate and a hiring slowdown with small increases in inflation in December, the Federal Reserve on Wednesday decided to leave its key overnight lending rate untouched. That decision follows the three cuts the Fed made last year, for a total of six cuts

By Jordan Valinsky, CNN New York (CNN) — Unless your name is Domino’s, it’s tough to be a pizza chain right now. Just ask their two main competitors: Pizza Hut and Papa Johns. The former has posted eight consecutive quarters of sales declines and might be on the block. The latter is in the midst

By Lisa Eadicicco, CNN (CNN) — Apple bet big on a dramatic redesign of its iPhone last year, the biggest shakeup to its flagship smartphone in nearly a decade. But the slimmer iPhone Air hasn’t seemed to resonate with buyers. New market research data indicates iPhone Air adoption lags far behind the iPhone 17, 17

By Jordan Valinsky, CNN New York (CNN) — Amazon is laying off 16,000 employees, the company’s second round of large-scale job reductions in three months as it fights to improve its standing in the battle for AI supremacy. In a blog post Wednesday, the company said it needed to reduce red tape to increase its

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve on Wednesday kept interest rates unchanged as the central bank fights to maintain its ability to set interest rates without political interference. Officials kept their benchmark lending rate at a range of 3.5-3.75%, following three consecutive rate cuts late last year. It’s a pause that

By Brian Stelter, CNN (CNN) — TikTok’s new US business, led by a group of mainly American investors approved by President Donald Trump, is off to an inauspicious start. The wildly popular TikTok app has been on the fritz for several days. While other social media sites have been full of speculation that the Trump-aligned

By Chris Isidore, CNN (CNN) — Boeing just announced the end of years of deep financial losses, a turnaround for a company after nearly seven years of bad news. The US aircraft maker reported $8.2 billion in net profit in the fourth quarter, its first profitable period in more than three years thanks to the

By Jordan Valinsky, CNN New York (CNN) — Amazon is closing its branded brick-and-mortar grocery stores, with the company consolidating its physical strategy under the Whole Foods name. The closures, which affect its Amazon Fresh and Amazon Go locations, were announced Tuesday and amount to about 70 locations across the United States. In a blog

By Bryan Mena, CNN Washington (CNN) — America’s economic mood deteriorated in January to its lowest level in more than a decade as consumers fretted about geopolitical tensions, affordability and President Donald Trump’s unrelenting trade war. The Conference Board’s Consumer Confidence Index for January, released Tuesday, declined 9.7 points to a reading of 84.5, the

By Bryan Mena, CNN Washington (CNN) — President Donald Trump could announce his nominee for the next Federal Reserve chair as soon as this week, and has signaled that his pick must push for significant interest rate cuts. But whoever he chooses will face a new policymaking committee — and one that could be even

By Chris Isidore, CNN (CNN) — Melissa Dickerson never imagined she would end up with a $1,100 monthly car payment, especially for a used car. Then her son wrecked her Acura. Fortunately, he was OK. But when she went shopping for a replacement SUV, Dickerson, a paralegal from Orting, Washington, soon discovered it was going