Money

By Matt Egan, CNN New York (CNN) — Former President Donald Trump’s social media venture Truth Social is burning cash and piling up losses so rapidly that accountants warn it might not survive unless it soon completes a long-delayed merger, according to corporate filings. Trump Media & Technology Group (TMTG), which is chaired by the

By Chris Isidore, CNN New York (CNN) — Stellantis is offering buyouts to half of its salaried US staff in a cost cutting move. The European automaker, which builds cars for the US market under the Jeep, Ram, Dodge and Chrysler brands, said the offers would be made to all salaried staff with five years

By Sergio Padilla, CNN New York (CNN) — If you love wearing crocs while eating a Big Mac, today is your lucky day. McDonald’s confirmed Monday that it is collaborating with Crocs for one of its rare ventures into the footwear industry. The collaboration features shoes, socks and “Jibbitz” (the little charms that go inside

By Anna Cooban, CNN London (CNN) — The German government is putting €7.5 billion ($8 billion) of taxpayer cash on the table to secure the rescue of troubled wind turbine-maker Siemens Energy, a company of vital importance to the country’s energy transition. The sum is part of a €15 billion ($16.3 billion) package of guarantees,

By Chris Isidore, CNN New York (CNN) — A growing number of rank-and-file autoworkers are voting against the deals with Ford and General Motors, despite pay increases that could come to 30% or more during the life of the contract. The latest setbacks for the deals came in votes at two GM plants, a truck

By Danielle Wiener-Bronner, CNN New York (CNN) — If you’re watching your budget, it might be time to skip the drive-thru and head to the supermarket. In the 12 months through October, higher restaurant prices drove food prices above overall inflation, even as grocery prices were relatively low. For the year, grocery prices rose 2.1%,

By Krystal Hur, CNN New York (CNN) — Stocks climbed on Tuesday as Wall Street cheered the inflation cooldown in the latest economic data for October. The Dow rose 490 points, or 1.4%. The S&P 500 gained 1.9% and the Nasdaq Composite added 2.4%, both notching their best day since April. The Consumer Price Index

By Jordan Valinsky, CNN New York (CNN) — Henry Blodget is stepping down as chief executive of Insider, a business news-focused website he co-founded in 2007 that has undergone many reinventions. The sudden change comes amid a broader shakeup at the publication, which includes returning to its former name of “Business Insider” as it shifts

By Jennifer Korn, CNN (CNN) — Venmo wants to eliminate the financial mental math of splitting roommate bills, lunch checks and road trip costs. The new Venmo Groups feature gives users the ability to track and split ongoing group expenses, making it easier to figure out who owes who what. Members can add an expense

By Jordan Valinsky, CNN New York (CNN) — One of the most recognizable jingles in history is making a return. Chili’s is bringing back its “I want my baby back, baby back, baby back…ribs” jingle for a new advertising campaign promoting the dish that’s been a staple on the chain’s menu since the late 1980s.

By Alicia Wallace, CNN Minneapolis (CNN) — First, the bad news: Prices continue to rise. Now, the good news: They’re doing so at a rate not seen in two years. The Consumer Price Index rose 3.2% for the 12 months that ended in October, down from 3.7% in September, and clocking in at the lowest

By Chris Isidore, CNN New York (CNN) — Home Depot reported slower earnings on weaker sales, although it still was able to beat Wall Street analysts’ forecasts. Consumers aren’t spending on home improvement projects the way they were during the pandemic. But the company said it is still seeing some strength in smaller improvement jobs,

By Clare Duffy, CNN New York (CNN) — YouTube will soon require disclosures on videos that contain content generated by artificial intelligence and could mislead viewers. The Google-owned platform has long prohibited technically manipulated content that could mislead viewers and “pose a serious risk of egregious harm.” But with a new policy update announced Tuesday,

By Sugam Pokharel and Akanksha Sharma, CNN London/Hong Kong (CNN) — Nepal has decided to ban TikTok because the popular short video app was disrupting social structures in the South Asian nation, government officials say. A number of countries have placed restrictions on the use of Tiktok, which is owned by Chinese tech giant Bytedance

By Peter Valdes-Dapena, CNN (CNN) — Big trucks and SUVs, especially those with flat front ends, aren’t just more intimidating to look at, they are genuinely deadlier for pedestrians, according to new research from the Insurance Institute for Highway Safety. Researchers at the institute looked at records of almost 18,000 incidents in which vehicles struck

By Parija Kavilanz, CNN New York (CNN) — Just a few years ago, Toys R Us was on its way to the retail graveyard after going out of business. Now, it’s coming to America’s biggest mall, just in time for countdown to Christmas. The iconic toy retailer, whose history dates back to the late 1940s,

By Matt Egan, CNN New York (CNN) — Private equity executive Edgar Bronfman, Jr., whose family includes well-known supporters of Israel, is calling for the leaders the University of Pennsylvania to step down due to their response to the Hamas terror attacks against Israel, CNN has learned. Bronfman, a former media executive and Seagrams scion,

By Eva Rothenberg, CNN (CNN) — Government officials, public health professionals and concerned parents are calling on Congress to ban water beads, a children’s toy that they say poses significant health risks. In a news conference Monday, Congressman Frank Pallone Jr. of New Jersey announced that he will be introducing a bill at the House

By Nathaniel Meyersohn, CNN New York (CNN) — The backlash against self-checkout is growing, and stores are starting to dial back on the technology after it exploded over the past few years. Booths, a British supermarket chain, said it’s removing self-checkout stations in all but two of its 28 stores. In the United States, Walmart,