CNN – Business/Consumer

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

By Matt Egan, CNN New York (CNN) — Shares of Donald Trump’s social media company are experiencing another bout of turbulence following the latest assassination attempt against the former president and face of Truth Social. Shares of Trump Media & Technology Group (DJT) initially climbed 5% in premarket trading early Monday in the wake of

By Hanna Ziady, CNN London (CNN) — Harland & Wolff, the 163-year-old firm that built the Titanic, has declared itself insolvent after failing to secure funding to continue trading. The loss-making UK shipbuilder said Monday that it would likely begin administration proceedings in the coming days. Administration provides a way for companies in the United

By David Goldman, CNN (CNN) — Elon Musk deleted a post Monday morning that questioned why former President Donald Trump has faced two apparent assassination attempts in recent months while President Joe Biden and Vice President Kamala Harris have not encountered any. Musk later claimed the post was a joke. “And no one is even

By Chris Isidore, CNN New York (CNN) — For a company that has lost $33 billion since 2019, a strike that virtually halts production of its major product is the last thing it needs. But that’s the reality for embattled aircraft maker Boeing. How long the strike lasts will determine how serious the problems are

By Catherine Nicholls, CNN London (CNN) — Former BBC news presenter Huw Edwards has been sentenced to six months’ imprisonment suspended for two years by a London court for having indecent images of children, according to PA Media. The suspended sentence comes with requirements including the completion of a sex offender treatment program and 25

By Bryan Mena, CNN Washington (CNN) — It’s a pivotal week for the US economy, with the Federal Reserve expected to cut interest rates for the first time since 2020. The move would mark a major milestone both for the central bank’s long fight with inflation and for Americans battling a higher cost of living

By Brian Fung, CNN (CNN) — Who really controls TikTok’s magical algorithm — the US-based company that runs the app or its Chinese parent, ByteDance? That’s the question that bedeviled a trio of federal judges on Monday charged with deciding whether to allow the implementation of a law that could ultimately result in TikTok being banned