Money

By Jordan Valinsky, CNN New York (CNN) — Wednesday is National Cheeseburger Day, with some of the biggest chains offering some much-needed discounts amid consumer complaints about rising prices. McDonald’s, the biggest company, is selling 50-cent double cheeseburgers when they’re ordered in its app – about 45 cents more than what the chain’s original hamburger cost in

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve slashed interest rates aggressively Wednesday, announcing the first rate cut since March 2020. The half-point move paves the way for lower borrowing costs on everything from mortgages to credit cards. It marks a crucial milestone for the central bank’s historic inflation fight, which kept rates at a bruising 23-year high for more than

By Ramishah Maruf and Olesya Dmitracova, CNN New York/London (CNN) — Tupperware, known the world over for its plastic food storage containers, has filed for bankruptcy after years of falling popularity and financial troubles. “Over the last several years, the company’s financial position has been severely impacted by the challenging macroeconomic environment,” Laurie Ann Goldman,

By Kayla Tausche, CNN (CNN) — Nippon Steel is expected to re-file its application for a national security review by American regulators of its $15 billion takeover bid of US Steel, sources familiar with the matter told CNN on Tuesday, buying Japan’s largest steelmaker an additional 90 days to close its acquisition of an American

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — United Auto Workers union President Shawn Fain said Tuesday the group plans to hold strike authorization votes against Stellantis because the automaker was failing to live up to guarantees it made during a labor deal struck last year. In a speech to members Tuesday

By Ramishah Maruf, CNN New York (CNN) — So far, the attacks that targeted Iran-backed Lebanese militant group Hezbollah members through their pagers have had devastating consequences. The pager explosions killed at least twelve people, including two children and wounded around 2,800. In a fresh wave of explosions Wednesday – this time walkie talkies – at

By Elisabeth Buchwald, CNN New York (CNN) — If you’ve been anxiously awaiting financial relief from the Federal Reserve, you are about to get a rude awakening. After keeping interest rates at a 23-year high for over a year, the Fed is widely expected to announce Wednesday it is finally cutting its benchmark lending rate.

By Nathaniel Meyersohn, CNN New York (CNN) — Sam’s Club will raise pay to incentivize workers to stay with the company — and not jump ship to Costco. Sam’s Club, the membership club arm of Walmart, will increase its minimum wage to $16 starting in November from $15 an hour. It will also raise wages

By Jordan Valinsky, CNN New York (CNN) — Some of YouTube’s biggest stars are taking on Lunchables with a competitor of their own. MrBeast, Logan Paul and KSI are teaming up on a “groundbreaking new better-for-you lunch option” called Lunchly, which combines all of their products into one meal that’s aimed at their young fan

By Bryan Mena, CNN Washington (CNN) — A key driver of the US economy remains solid. Spending at US retailers rose 0.1% in August from the prior month, the Commerce Department reported Tuesday. That’s a much slower pace than July’s upwardly revised 1.1% gain, but well above the 0.2% decline economists projected in a FactSet

By Hanna Ziady, CNN London (CNN) — Brexit is having “profound and ongoing stifling effects” on goods trade between the United Kingdom and the European Union, according to a new report that adds to evidence of the economic damage wrought by Britain’s exit from the world’s largest trading bloc. Researchers at Aston University in England

By Clare Duffy, CNN New York (CNN) — Instagram on Tuesday announced its most dramatic effort yet to protect young users from dangers on its platform, implementing new “teen account” settings that will automatically make millions of teen accounts private and restrict what kinds of content those users can view on the app. The change

By Matt Egan, CNN New York (CNN) — The American economy appears to be just hours away from a major milestone: The first interest rate cut from the Federal Reserve since Covid. Yet there remains an unusual amount of drama over the magnitude of that rate cut, with some in Washington calling for a supersized

By Matt Egan, CNN New York (CNN) — Elon Musk’s sprawling empire — spanning everything from electric vehicles and social media to space rockets and miniature brain implants — may soon make him the world’s first trillionaire. Musk’s business success has made him one of the most influential — and controversial — people in the

By Jeanne Sahadi, CNN (CNN) — When it comes to women’s advancement in corporate America, there have been gains made since 2015, according to the 10th annual analysis by women-at-work advocacy group LeanIn.org and consulting firm McKinsey & Company. But their report, released Tuesday, notes that women still face plenty of headwinds in getting ahead.

By Sean Lyngaas, CNN (CNN) — Meta, the parent company of Facebook and Instagram, announced Monday that it has banned Russian state media broadcaster RT and other Kremlin-controlled networks, alleging the outlets have engaged in deceptive influence operations and attempted to evade detection. “After careful consideration, we expanded our ongoing enforcement against Russian state media

By Ramishah Maruf, CNN New York (CNN) — Intel’s struggling chip-making business got a boost Monday from a high-profile client: Amazon. The announcement came after Intel said earlier in the day it would receive up to $3 billion in funding under the CHIPS and Science Act to manufacture chips for the military. Intel Foundry and

By Jordan Valinsky, CNN New York (CNN) — Amazon is demanding that its corporate employees return to the office five days a week, a significant change from its current pandemic-era hybrid policy that requires them to be in the office just three days a week. CEO Andy Jassy made the announcement about the new policy

By Vanessa Yurkevich, CNN (CNN) — With a massive ongoing strike, Boeing is making some temporary cutbacks that could hit non-union staff hard. Boeing Chief Financial Officer Brian West on Monday announced the company is instituting a freeze on hiring and non-essential travel, and it will consider furloughs for employees, managers, and executives. The company