CNN – Business/Consumer

By Chris Isidore, CNN (CNN) — It may be easy to look at the Los Angeles Dodgers’ record-setting payroll and back-to-back World Series titles and think that baseball desperately needs a salary cap. After all, the Dodgers’ total payroll of $350 million is roughly double the league’s average and $84 million more than the previous

By Jordan Valinsky, CNN New York (CNN) — Denny’s, the struggling, 72-year-old diner chain, is selling itself to a group of investors who are taking the business private. The company announced Monday that it’s sold itself to TriArtisan Capital Advisors, a private equity firm that also owns P.F. Chang’s, and Yadav Enterprises, a major Denny’s

By John Towfighi, CNN New York (CNN) — One year after President Donald Trump’s reelection, the US stock market continues to notch record highs. The S&P 500 has gained 19.6% over the past 12 months, boosted by strong corporate earnings and investors’ enthusiasm about artificial intelligence. Stocks have been remarkably adaptable, defying concerns about a

By Lisa Eadicicco, CNN (CNN) — Alex Alonso cloned his CEO. Well, sort of. Alonso used emails and public appearances to create an AI chatbot of Johnny Taylor Jr., the CEO of the Society for Human Resource Management, where Alonso is the chief data and analytics officer. The AI CEO gives Alonso feedback on work

By Brian Stelter, CNN (CNN) — Paramount has renewed Jon Stewart’s deal to continue hosting Comedy Central’s “The Daily Show” once a week through the 2026 midterms, resolving months of speculation about the media company’s plans for the late-night show. Comedy Central said Monday that the show’s correspondents will continue to take turns hosting Tuesdays

By Bryan Mena, CNN Washington (CNN) — Interest rates are in a good place to deal with persistently elevated inflation, Federal Reserve Governor Lisa Cook said Monday in her first public remarks since President Donald Trump said he had fired her. Cook, appointed by former President Joe Biden and the first Black woman to serve

By Joseph Ataman, Billy Stockwell, CNN Paris (CNN) — Chinese e-commerce platform Shein announced on Monday a “complete ban” on sex dolls on its site after France threatened to cut off its access to the French market. Over the weekend, France’s anti-fraud office, the DGCCRF, accused the fast-fashion platform of selling sex dolls “with a

By Chris Isidore, CNN (CNN) — China has agreed to allow the export of chips critical to auto production, averting widespread shutdowns that had been predicted by the industry. The chips are provided by Nexperia, a Chinese-owned chipmaker based in the Netherlands. It’s a critical supplier for the global auto industry, providing 40% of the

By Allison Morrow, CNN (CNN) — Sam Bankman-Fried is trying to rewrite the story of one of the biggest white-collar crimes in American history. It’s a redemption effort that might have appeared far-fetched two years ago, when a jury found Bankman-Fried guilty of stealing billions of dollars from customers of his now-bankrupt crypto exchange, FTX.

By Jordan Valinsky, CNN New York (CNN) — Huggies maker Kimberly-Clark announced Monday it will buy Tylenol’s parent company Kenvue in a nearly $50 billion deal, creating a massive consumer products conglomerate. The merger is the latest in a recent dealmaking explosion, signaling the Trump administration’s openness toward corporate acquisitions. But it also represents a

By Matt Egan, CNN (CNN) — The fingerprints of artificial intelligence are all over mass layoffs and downsizing at Meta, Amazon, Salesforce, YouTube and other major companies, raising fears of an AI-fueled jobs wipeout for white-collar workers. AI may hurt demand for office workers, but there’s reason for hope, Goldman Sachs CEO David Solomon believes.

By Chris Isidore, CNN (CNN) — When President Donald Trump introduced his tariff policy earlier this year, it looked like a disaster for automakers. But even with US tariffs on imported cars and parts, it has shaped up to be a pretty good time for car companies. Most automakers, even US-based ones, import some cars

By Elisabeth Buchwald, CNN (CNN) — In just a few days, the Supreme Court will start hearing arguments in what President Donald Trump is calling “one of the most important cases in the history of our country.” With the bulk of his tariffs — arguably the cornerstone of his entire economic agenda — in jeopardy,

By Tala Alrajjal, CNN (CNN) — Saudi Arabia is turning its oil wealth toward its massive AI ambitions. Its chief investment vehicle is Humain, a homegrown company that is building out a full stack of data centers, cloud capabilities, large language models and applications. It’s owned by the Kingdom’s nearly $1 trillion sovereign wealth fund.

By Brian Stelter, CNN (CNN) — Members of the White House press corps are now restricted from the press secretary’s office, the latest in a series of Trump administration actions to limit media access. The new rule says journalists cannot access what’s known as the “Upper Press” office space, where White House press secretary Karoline

By Reuters (CNN) — Berkshire Hathaway signaled on Saturday that it remained cautious about markets, letting cash swell to a record $381.7 billion even as profit rose, in its last financial report before Warren Buffett bows out as chief executive. Between July and September, Buffett’s conglomerate also sold more stocks than it bought for its

By Richard Quest, CNN (CNN) — President Donald Trump has made it clear that his favorite method to gain leverage over opponent countries on the other side of a negotiating table is to raise tariffs. It doesn’t matter whether the offense is trade-related or not. If there had been any lingering doubt (and I doubt

By Ramishah Maruf, CNN New York (CNN) — More likely than not, someone in your community – whether friend, family or neighbor – uses SNAP benefits. As millions of people could lose access to food assistance programs during the government shutdown, many Americans are trying – in however small a way – to fill in

By Lisa Eadicicco, CNN (CNN) — Silicon Valley’s mega AI spending spree isn’t slowing down anytime soon. But Wall Street’s patience to see a return might be wearing a little thin. That message rang clear when Meta, Microsoft, Amazon, Apple and Google parent Alphabet all said this week that they’re forking over more on capital

By Jordan Valinsky, CNN New York (CNN) — For a logo with a trademark grin, Wendy’s has little to smile about nowadays. The burger chain’s stock has lost nearly 50% of its value this year. Wendy’s executive suite has contended with several departures, and it’s currently operating without a permanent CEO after its previous leader