CNN – Business/Consumer

By Nathaniel Meyersohn, CNN New York (CNN) — Macy’s management ended talks with private investors attempting to take over the company and will pursue its own turnaround strategy to remake the chain. Macy’s board of directors voted unanimously to end discussions with Arkhouse Management and Brigade Capital Management over the investors’ offers to acquire the

By Matt Egan and Jordan Valinsky, CNN New York (CNN) — Google owner Alphabet is in advanced discussions to buy fast-growing cybersecurity startup Wiz for roughly $23 billion, a person familiar with the matter confirmed to CNN. A takeover of Wiz, which makes cybersecurity software for cloud computing, would represent a major bet by Google

By Jordan Valinsky, CNN New York (CNN) — Investment giant BlackRock is pulling an ad that included Thomas Crooks, the gunman who shot at Donald Trump, injuring the former president and killing an attendee at a rally near Pittsburgh on Saturday. “In 2022, we ran an ad featuring a teacher from Bethel Park High School, in which

By Matt Egan, CNN New York (CNN) — The value of former President Donald Trump’s social media company spiked Monday after he was injured in an attempted assassination over the weekend. Trump Media & Technology Group’s share price surged more than 30% Monday morning, putting it on track for what would be the biggest single-day

By Jordan Valinsky, CNN New York (CNN) — British luxury brand Burberry is replacing its chief executive following another disappointing quarter in which sales plunged more than 20%. Jonathan Akeroyd is leaving Burberry with “immediate effect,” the company said in its earnings release Monday, and replacing him with Joshua Schulman, a luxury wear veteran that has

By Oliver Darcy, CNN New York (CNN) — MSNBC will not air “Morning Joe,” its celebrated politics roundtable program, on Monday, opting to instead air continued breaking news coverage of the attempted assassination of former President Donald Trump. The progressive news network confirmed the decision to preempt its influential and top-rated morning show after a

By Simone McCarthy, CNN Hong Kong (CNN) — After months of unexplained delay, top officials from China’s ruling Communist Party are gathering in Beijing this week to signal the direction forward for the world’s second largest economy as it faces major economic challenges and friction with the West. Stakes are high for the meeting, which

By Jordan Valinsky, CNN New York (CNN) — US stock futures barely budged after an assassination attempt on former President Donald Trump on Saturday, signaling calm in the markets as Trump survived the incident. Dow futures rose 65 points, or 0.2%, while S&P 500 futures rose 0.1% and Nasdaq Composite futures were unchanged. On Saturday, the

CNN Analysis By Oliver Darcy, CNN New York (CNN) — Moments after Donald Trump was rushed to safety following a failed assassination attempt at a Saturday night rally, some of his supporters turned toward the press pen with obscenities as they fingered reporters for blame. “This is your fault!” one attendee emphatically yelled, pointing at individual journalists

By Oliver Darcy, CNN New York (CNN) — Moments after Donald Trump was rushed to safety following a failed assassination attempt at a Saturday night rally, some of his supporters turned toward the press pen with obscenities as they fingered reporters for blame. “This is your fault!” one attendee emphatically yelled, pointing at individual journalists as he

By Erika Tulfo, CNN (CNN) — Measuring about half the length of a Ford F-150, Kei trucks look almost like toys in comparison to your standard pickup truck. But for a car so tiny, you might be surprised at the massive following that they command. Kei trucks, built to satisfy Japanese light automobile regulations and

By Bryan Mena, CNN Washington (CNN) — Quinn Merriss, an 18-year-old who identifies as transgender and non-binary, barely makes ends meet. Merriss was kicked out of their home after years of tension and arguments with their parents over being transgender. They now live independently without any financial support from relatives, working as a server earning

By Chris Isidore, CNN New York (CNN) — On Sunday, the cost of a stamp is going up for the second time this year, jumping 5 cents for first class postage to 73 cents. You probably didn’t notice. And truthfully, you may not care. But you should. Most people don’t use mail the way they used

By Ramishah Maruf, CNN New York (CNN) — If you were an AT&T cellphone customer in 2022, your call data was possibly breached to bad actors. AT&T said Friday that data was breached from “nearly all” of its cellular customers and the customers of wireless providers that used its network between May 1, 2022, and

By Jordan Valinsky, CNN New York (CNN) — Stop & Shop is closing 32 underperforming grocery stores across the US northeast as part of the company’s efforts to improve its financial performance. Shoppers are also being squeezed by higher prices at the grocery store, with food prices experiencing modest upticks last month, according to the newest

By Alicia Wallace, CNN (CNN) — Wholesale price inflation unexpectedly accelerated in June to its highest rate since March 2023, according to new data released Friday. On the surface, the jump in PPI appears to be an unwelcome development for the US economy and the fight to rein in high inflation — and it appears

By Ramishah Maruf, CNN New York (CNN) — Higher prices have gone too far even for salty snacks. PepsiCo’s snack unit Frito-Lay posted a dip in revenue in its second quarter Thursday after multiple quarters of price increases. Years of inflation have resulted in “tighter household financial conditions,” the company said in prepared remarks, so

By Oliver Darcy, CNN New York (CNN) — For nearly an hour Thursday evening, President Joe Biden went toe-to-toe with the press corps — and, perhaps against the wishes of some in his own party, managed to exit the high stakes showdown mostly unscathed. Fielding a barrage of tough questions, Biden addressed 11 outlets during his closely

By Olesya Dmitracova, CNN London (CNN) — European regulators have charged Elon Musk’s X with breaching its sweeping Digital Services Act, accusing the platform of misleading its users among other violations. “Today we issue for the first time preliminary findings under the Digital Services Act,” Margrethe Vestager, a senior official at the European Commission, said in

By Matt Egan and Sean Lyngaas, CNN (CNN) — The call and text message records from mid-to-late 2022 of tens of millions of AT&T cellphone customers and many non-AT&T customers were exposed in a massive data breach, the telecom company revealed Friday. AT&T said the compromised data includes the telephone numbers of “nearly all” of