CNN – Business/Consumer

By Ramishah Maruf, CNN New York (CNN) — Shares of prominent vaccine makers plunged Thursday after President-elect Donald Trump announced his pick of Robert F. Kennedy Jr. to be the next secretary of the Department of Health and Human Services. An hour before the market closed Thursday, as news reports of Trump’s choice began trickling

By Erika Tulfo, CNN (CNN) — Ford is being fined up to $165 million after the National Highway Traffic Safety Administration ruled the company moved too slowly in recalling cars with faulty rearview cameras. The ruling comes three years after the NHTSA opened an investigation to determine whether Ford waited too long to issue its

By Bryan Mena, CNN Washington (CNN) — Federal Reserve Chair Jerome Powell said Thursday that interest rates are still expected to decline further, but suggested they might not be that much lower over the next few months. Powell said more rate cuts are likely underway because the economy’s current trends and dynamics are expected to

By Hadas Gold, CNN (CNN) — Satirical news site The Onion won the auction to acquire conspiracy theorist Alex Jones’ Infowars, which was sold off as part of a defamation settlement after he falsely called the Sandy Hook Elementary School massacre a hoax. The Onion’s bid was backed by the families of eight victims of

By Jordan Valinsky, CNN New York (CNN) — Craig Melvin will become the co-anchor of NBC’s “Today” show beginning early next year, following the departure of Hoda Kotb. He will join Savannah Guthrie on Monday, January 13. Kotb’s final day on the morning show will be Friday, January 10, the network announced. Melvin is a

By Chris Isidore, CNN New York (CNN) — Disney did something extraordinary Thursday, giving investors a rare three-year financial outlook, even at a time of economic uncertainty. The company said that it has deep faith its investments in its massive park expansions, movie pipeline and even its linear television assets will pay off. Shares of

By Alicia Wallace, CNN (CNN) — US wholesale inflation picked up more than expected in October, indicating that some price pressures persist at the producer level. The Producer Price Index, a measurement of average price changes seen by producers and manufacturers, rose 0.2% on a monthly basis and 2.4% for the 12 months ended in

By Brian Stelter, CNN New York (CNN) — Donald Trump’s reelection last week emboldened his allies to proclaim that he had vanquished the American news media as well as Vice President Kamala Harris. “The media is dead,” Fox News comedian Greg Gutfeld declared. “It’s dead,” his primetime colleague Sean Hannity echoed. “You are the media

By Jordan Valinsky, CNN New York (CNN) — Advance Auto Parts is closing more than 700 locations to shore up the company’s finances following another dismal earnings report. The car parts retailer, which has about 5,000 stores, said Thursday that the closures are part of its “strategic plan to improve business performance.” Advance Auto Parts

By Nathaniel Meyersohn, CNN New York (CNN) — Starbucks baristas can put eight shots of espresso into one cup. They can make drinks that taste like strawberries, apple pie, pumpkin spice or, separately, pumpkin cream. But they can’t get Amanda Poore’s coffee order right. “I usually like about a half-ounce of creamer or less. That

By Ramishah Maruf, CNN New York (CNN) — A Chipotle shareholder is suing the fast-casual chain over viral social media complaints about skimpy portion sizes. The proposed class-action lawsuit filed Monday claims Chipotle understated customer dissatisfaction regarding its “highly inconsistent” portion sizes in official disclosures. The lawsuit said that unhappiness wasn’t clear until the spring

By Samantha Delouya, CNN (CNN) — In most US cities, buying a home now requires a six-figure salary. A household needed to earn $107,700 to afford a new single-family home and pay property taxes and insurance costs in the third quarter of this year, according to a new report from Oxford Economics. That’s nearly double

By Alicia Wallace, CNN (CNN) — Americans are continuing to pile on debt at record levels — but for many households, those IOUs are completely manageable, according to new data released Wednesday. US household debt (not adjusted for inflation) moved up to a fresh record total of $17.94 trillion as of September 30, according to

CNN By Brian Stelter, CNN New York (CNN) — Two years ago, Pete Hegseth relocated his family from New Jersey, near Fox News headquarters, to a small town outside of Nashville, Tennessee. The red state move was on-brand for the “Fox & Friends” co-host, who takes his kids shooting, posts pictures wearing anti-President Biden slogans,

CNN By Matt Egan, CNN New York (CNN) — Larry Summers has some unsolicited advice for President-elect Donald Trump: Don’t keep your campaign promises — unless you want to send prices skyrocketing once again. Summers, the famed economist and former Clinton-era Treasury secretary, is alarmed by the potential impact of Trump’s proposals to slash taxes,

By Matt Egan, CNN New York (CNN) — Larry Summers has some unsolicited advice for President-elect Donald Trump: Don’t keep your campaign promises — unless you want to send prices skyrocketing once again. Summers, the famed economist and former Clinton-era Treasury secretary, is alarmed by the potential impact of Trump’s proposals to slash taxes, spike

By Jordan Valinsky, CNN New York (CNN) — Amazon is targeting retail rivals Shein, Temu and TikTok Shop with a new deeply discounted storefront that sells a wide array of products for $20 or less. Called “Amazon Haul,” the mobile-only experience debuted Wednesday in the Amazon app and has everything from fashion accessories to home

By Chris Isidore, CNN New York (CNN) — Spirit Airlines’ shares plunged more than 50% in early trading Wednesday, following a report that it is preparing to file bankruptcy — and the company’s announcement that it won’t report quarterly financial results because it’s scrambling to reach a deal with creditors. A Wall Street Journal report

By Brian Stelter, CNN New York (CNN) — Two years ago, Pete Hegseth relocated his family from New Jersey, near Fox News headquarters, to a small town outside of Nashville, Tennessee. The red state move was on-brand for the “Fox & Friends” co-host, who takes his kids shooting, posts pictures wearing anti-President Biden slogans, and

By Alicia Wallace, CNN (CNN) — The annual rate of inflation moved higher last month for the first time since March, as expected — but economists say the underlying trend remains favorable for another round of interest rate cuts. Consumer prices rose 0.2% last month and were up 2.6% from the year before, according to