Money

By Alicia Wallace, CNN (CNN) — For more than 35 years, Michigan Central Station has lain dormant, towering above Detroit’s Corktown neighborhood as a harsh and stoic reminder of the city’s economic pain. The 18-story monolith that at one point was the tallest railroad station in the world had fallen derelict, its once opulent halls

By Danielle Wiener-Bronner, CNN New York (CNN) — Coke is still the top soda in America. But the runner up spot, long held by Pepsi, now belongs to Dr Pepper. After years of slowly gaining market share, Dr Pepper inched ahead of Pepsi as the number two soda brand in the country in 2023, according

By Krystal Hur, CNN New York (CNN) — Wall Street’s wild day ended on a calmer note. The Dow slid 115 points, or 0.3%, on Monday after falling by more than 400 points earlier in the day. The S&P 500 rose 0.1% and the Nasdaq Composite added 0.6% to close out the first trading day

By Tami Luhby, CNN (CNN) — Many Americans may get hot under the collar when they open their electric bills this summer, but for some, the consequences of rising utility costs can be a lot more serious. The cost of keeping cool is expected to rise nearly 8% to an average of $719 from June

By Tami Luhby, CNN (CNN) — Americans will have to shell out $719 on electricity, on average, to keep their homes cool this summer, according to the National Energy Assistance Directors Association. That’s nearly $200 more than they paid in 2019. Are you concerned that mounting utility bills will make it difficult for you to

By Anna Cooban, CNN London (CNN) — Fast fashion giant Shein, founded in China, is taking steps for going public in the United Kingdom, according to multiple media reports, in what would likely provide a shot in the arm for London’s ailing main stock exchange. The online retailer is preparing to file a prospectus with

By Matt Egan, CNN New York (CNN) — The New York Stock Exchange said Monday that a technical issue that halted trading for some major stocks and caused Berkshire Hathaway to be down 99.97% has been resolved. In an update, NYSE said impacted stocks have reopened and “all systems are currently operational.” Intercontinental Exchange, the

By Jordan Valinsky, CNN New York (CNN) — Spotify is increasing its prices again, less than a year after it last hiked prices for most of its subscription plans. The latest price hike comes as streaming media companies face rapidly increasing costs of doing business – and customers continued to sour over rising prices of

By Anna Cooban, CNN London (CNN) — Shares of GameStop climbed 21% on Monday as the renewed frenzy around meme stocks shows little sign of abating. The video game retailer’s stock soared hours after a Reddit post by stocks influencer Keith Gill — also known as “Roaring Kitty” — revealed that he had bought nearly $116 million

By Jordan Valinsky, CNN New York (CNN) — Anchor Brewing, America’s oldest craft brewer, closed last summer after more than 127 years in business. Now, it’s being brought back to life thanks to an unexpected buyer. Hamdi Ulukaya, the billionaire founder and CEO of yogurt maker Chobani, announced Friday on LinkedIn he has purchased the

By Saira Mueller, CNN (CNN) — “Place your order.” In the time it took you to read that sentence, another deck of Uno was sold. The family-favorite card game has been around for 52 years — but it may be more popular than ever. Almost everyone seems to play it, and by one measure it’s

By Wayne Chang and Laura He, CNN Taipei/Hong Kong (CNN) — Nvidia, AMD and Intel have separately launched the next generation of their artificial intelligence (AI) chips in Taiwan, as a three-way race heats up. Jensen Huang, CEO of Nvidia (NVDA), said Sunday that the company would roll out its most advanced AI chip platform,

CNN By Anna Cooban, CNN London (CNN) — The Organization of the Petroleum Exporting Countries and its allies — a group of leading oil producers known as OPEC+ — agreed Sunday to extend production cuts announced last year into 2025. The group said in a statement it would extend a cut of 1.65 million barrels per

By Diksha Madhok, CNN New Delhi (CNN) — Indian stock markets chalked up new record highs on Monday as experts predicted a resounding victory for incumbent Prime Minister Narendra Modi in national elections. India’s benchmark Sensex index, which tracks 30 large companies, and the broader Nifty 50 index each ended the day at their all-time

By Oliver Darcy, CNN New York (CNN) — The Washington Post announced on Sunday that it had parted ways with its top editor, Sally Buzbee, in a seismic shakeup executed by new publisher and chief executive William Lewis just months before the high-stakes 2024 presidential election. “Sally is an incredible leader and a supremely talented

By Eva Rothenberg, CNN New York (CNN) — Right-wing media mogul Rupert Murdoch tied the knot Saturday for the fifth time, according to British tabloid newspaper the Sun. The Sun, which is owned by Murdoch, released photos of the 93-year-old Australian billionaire alongside his 67-year-old wife, retired molecular biologist Elena Zhukova, at his vineyard in

By Anna Cooban, CNN London (CNN) — The Organization of the Petroleum Exporting Countries and its allies — a group of leading oil producers known as OPEC+ — agreed Sunday to extend production cuts announced last year into 2025. The group said in a statement it would extend a cut of 1.65 million barrels per day,

By Parija Kavilanz, CNN New York (CNN) — Americans should prepare for a sizzling hot summer, and not just because of rising temperatures. Consumers are bravely opening their palate to bolder, spicier, more fiery flavors and the marketplace for foods and drinks is happily obliging them. Walk into a Walmart, Target, a corner 7-Eleven, pretty

By Danielle Wiener-Bronner, CNN New York (CNN) — Cracker Barrel CEO Julie Felss Masino recently gave a devastatingly frank assessment of the brand: “We’re just not as relevant as we once were.” Masino, who became CEO in July, laid out the diagnosis — and the remedies — in a May presentation to analysts. And it

By Samantha Delouya, CNN (CNN) — June 1 marks the official start of hurricane season in the Atlantic Ocean, and meteorologists predict it will be “extremely active,” with the potential for seven major hurricanes – the most destructive categories. And as insurance companies struggle to stay afloat, battered by elevated inflation and the growing frequency of catastrophic