CNN – Business/Consumer

CNN By Betsy Klein, CNN (CNN) — President Donald Trump announced Sunday that he has instructed Treasury Secretary Scott Bessent to halt the production of pennies, citing the high cost of producing one cent. “For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so

By Jordan Valinsky, CNN New York (CNN) — Visits to McDonald’s plunged because of an E. coli outbreak last fall — and so did its profits. Fourth-quarter sales at McDonald’s locations open for at least one year fell 1.4% in the United States, a reversal compared to the same time period a year prior when

By Vanessa Yurkevich, CNN New York (CNN) — The soaring price of eggs has alarmed consumers and the agriculture industry, and practically everyone in Washington is pointing fingers in various directions to direct blame. It’s hard to lay America’s egg crisis at the feet of any one politician. But agricultural experts say politicians in Washington

By Jordan Valinsky, CNN (CNN) — Starbucks is offering a rare perk on Monday: free coffee. Under CEO Brian Niccol, the coffee chain has drastically reduced its deals and giveaways in an attempt to boost its bottom line. But it’s offering one more freebie the day after the Super Bowl, when the nation might be

By Lisa Respers France, Elizabeth Wagmeister, Luciana Lopez and David Goldman, CNN (CNN) — The Philadelphia Eagles steamrolled the Kansas City Chiefs for a decisive victory in Sunday’s Super Bowl, but the battle for audience attention through ads was in many ways an even tougher fight. With around 50 brands buying time during the broadcast,

By Betsy Klein, CNN (CNN) — President Donald Trump announced Sunday that he has instructed Treasury Secretary Scott Bessent to halt the production of pennies, citing the high cost of producing one cent. “For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!

By David Goldman and Chris Isidore, CNN (CNN) — President Donald Trump, speaking to reporters on Air Force One Sunday, said he planned on announcing a 25% tariff on all steel and aluminum imports into the United States Monday. “We’ll also be announcing steel tariffs on Monday,” he said, adding, “any steel coming into the

CNN Analysis by David Goldman, CNN (CNN) — If you’re confused by President Donald Trump’s tariff plan, you’re not alone. Trump and his economic team have made many contradictory statements about the rationale for tariffs, leaving American multinational businesses unsure how to plan, and foreign countries unclear on how to negotiate. Trump launched massive and

By Jordan Valinsky, CNN New York (CNN) — Starbucks will offer a rare perk on Monday: free coffee. Under CEO Brian Niccol, the coffee chain has drastically reduced its deals and giveaways in an attempt to boost its bottom line. But it’s offering one more freebie the day after the Super Bowl, when the nation

Analysis By Brian Stelter, CNN NEW ORLEANS (CNN) — Last year, President Joe Biden passed up a chance to be interviewed on the highly rated Super Bowl pregame show. This year, not only is President Donald Trump being interviewed, he is coming here for the big game in person. By becoming the first sitting president

By Matt Egan, CNN (CNN) — Employees at the Consumer Financial Protection Bureau were abruptly informed Sunday afternoon that the watchdog agency’s Washington, DC, headquarters will be closed this week. In an email obtained by CNN, Adam Martinez, the CFPB’s chief operating officer, instructed all employees and contractors in Washington to “work remotely unless instructed

By Clare Duffy, CNN New York (CNN) — As we all live more of our lives online, it’s important to understand who might have access to our conversations and internet searches – and to understand how to maintain privacy in an increasingly connected world. In the days since billionaire Elon Musk and his Department of

By Auzinea Bacon, CNN (CNN) — Sony’s PlayStation Network (PSN), which connects gamers online on its systems, experienced a massive outage that lasted about 24 hours. PlayStation Support posted an update on X that users “should be able to access online features without any problems now,” following reports of outages on Friday. The service issues

By Auzinea Bacon, CNN (CNN) — Elon Musk is not interested in buying video-sharing platform TikTok, the CEO of Tesla and SpaceX said during a virtual meeting at the WELT Economic Summit on January 28. “I’ve not put in a bid for TikTok and I don’t have any plans for what would I do if

By John Towfighi, CNN New York (CNN) — Sonos was once a pioneer in wireless home audio, holding its own against giants like Apple and Google in the niche market of premium speaker equipment. But after nearly a year of missteps and disappointment, the company says it has a plan to turn around its misfortunes

By Matt Egan, CNN (CNN) — Russell Vought took over as acting director of the Consumer Financial Protection Bureau on Friday night and officials from Elon Musk’s Department of Government Efficiency deleted the banking watchdog’s X account, a person familiar with the matter told CNN. Vought’s new role, first reported by The Wall Street Journal,

By Matt Stiles, CNN (CNN) — The cost of food in the US increased significantly amid the Covid-19 pandemic and the steep inflation that followed. While prices have stabilized more recently, new factors have already driven up the costs for eggs and threaten to increase them for other common household foods. The price of eggs

By Chris Isidore, CNN New York (CNN) — North Carolina is a state that is generally hostile to unions. Amazon is a company that is, historically, extremely hostile to unions. Now an upstart union is attempting to represent more than 4,000 Amazon workers at one of the online retailer’s facilities there. The National Labor Relations

By Brian Stelter, CNN (CNN) — The Washington Post, CNN, The Hill and The War Zone will lose workspace at the Pentagon this year under an expanded “media rotation program” instituted by Defense Secretary Pete Hegseth’s press office. The rotation makes room for a number of right-wing and explicitly pro-Trump media outlets that have not

By Ramishah Maruf, CNN New York (CNN) — The Trump administration on Friday delayed the suspension of the so-called de minimis provision, which allows packages worth less than $800 to enter the country duty-free, a move that helps low-cost shopping sites from China that sell everything from fast fashion to furniture. The delay will last