CNN – Business/Consumer

By Ramishah Maruf, CNN New York (CNN) — Americans across the country will celebrate Independence Day with barbecues, fireworks and a day off from work for many employees. The Fourth of July marks the birth of American independence, the day the Continental Congress adopted the Declaration of Independence in 1776. This year, the Fourth of July will

By Matt Egan, CNN New York (CNN) — Not even Fourth of July barbecues are immune to inflation. Americans feeding a group of 10 this holiday weekend will spend an average of $71.22, according to the American Farm Bureau Federation. It’s a record high: 5% more than last year and 30% higher than in 2019

By Chris Isidore, CNN New York (CNN) — A record number of passengers are expected to pass through US airports this holiday travel week. You’d think this would be a great time to run an airline. You’d be wrong. Airlines face numerous problems, including higher costs, such as fuel, wages and interest rates. And problems

By Jordan Valinsky, CNN New York (CNN) — Bob’s Stores, a discount store located in northeast America, is shutting down after seven decades in business. The retailer recently filed for Chapter 11 bankruptcy protection, and as a result, will soon permanently close all 21 of its locations. It will liquidate its inventory in the coming

By Danielle Wiener-Bronner, CNN New York (CNN) — As the use of popular weight loss and diabetes drugs like Wegovy and Ozempic skyrockets, consumer brands are scrambling to adapt. But health professionals are warning consumers not to take medical advice from the same companies trying to sell them food, supplements and other consumables. The new GLP-1

By Jessie Yeung, Hanako Montgomery and Junko Ogura, CNN Tokyo (CNN) — Banks across Japan began stocking their ATMs on Wednesday with shiny new yen notes sourced from an unlikely location – vibrant yellow flowering paperbush shrubs that grow on craggy Himalayan mountains in Nepal. Before entering the wallets of Japanese consumers, the yen notes

By Hadas Gold, CNN (CNN) — President Joe Biden’s White House repeatedly and aggressively shot down reports on the president’s age and any possible limitations on his ability to perform all the duties of his office. But after his shaky debate performance last week, in which Biden routinely struggled to get his point across, some in the White House

By Ramishah Maruf, CNN New York (CNN) — CDK Global said “substantially all” of the nearly 15,000 car dealerships that use its software across North America are back online to its core management system, almost two weeks since a cyber incident caused a software blackout. “We are happy to report that we are ahead of

By Hadas Gold, CNN (CNN) — President Joe Biden has scheduled his first television interview following his disastrous debate with former President Trump last week that led many within Biden’s own party to question whether he should be the Democratic nominee. ABC will air parts of George Stephanopoulos’ interview with Biden on Friday at 6:30

By Matt Egan, CNN New York (CNN) — If you’ve got money in the market, you might own a little piece of Trump Media — without even knowing it. Trump Media & Technology is now part of two broad indexes of US stocks: the Russell 1000 Index of large-cap stocks and the Russell 3000 Index.

By Jordan Valinsky and Ramishah Maruf, CNN New York (CNN) — State Farm is seeking increases of as much as 52% for some of its residential insurance rates in California, which could ramp up the financial burden for many homeowners and renters in the state’s troubled insurance market. It’s the third major change for State

By Ramishah Maruf, CNN New York (CNN) — The Federal Trade Commission unanimously voted to block mattress maker Tempur Sealy’s purchase of Mattress Firm on Tuesday. In May 2023, Tempur Sealy – the world’s largest mattress supplier and manufacturer – agreed to buy the United States’ largest bedding retailer in a roughly $4 billion deal.

By Alicia Wallace, CNN (CNN) — The number of available jobs in the US unexpectedly grew in May, signaling continued resilience in the nation’s labor market. Job openings jumped higher to 8.14 million in May, from a downwardly revised 7.91 million in April, according to the Bureau of Labor Statistics’ latest Job Openings and Labor

By Chris Isidore, CNN New York (CNN) — Tesla sales fell for the second straight quarter. It marks the the first time in the company’s history that sales declined from the previous year for two quarters in a row. Tesla’s sales for the quarter came in at nearly 444,000 cars, down about 5% from a

By Diksha Madhok, CNN New Delhi (CNN) — When Hindenburg Research published a report into Gautam Adani’s sprawling business empire in January 2023, accusing Asia’s then richest man of fraud going back decades, the impact was immediate and explosive: over $100 billion was wiped off the value of his companies. Eighteen months on, Adani —

By Amanda Hobor, CNN (CNN) — I went to ice cream college. Yep, it’s a thing. This past January, I spent one week at Penn State University waking up with the cows (literally), learning about emulsifiers and freezing techniques, and experimenting in a lab to see milk, cream and sugar come together to form the

CNN By Alexandra Banner, CNN (CNN) — China now has the first samples ever collected from the far side of the moon and says it will share them with scientists around the world. But US access could be hampered by a 2011 law that prohibits space coordination between NASA and China without special authorization. Here’s

By Matt Egan, CNN New York (CNN) — The Trump Organization revealed plans Monday to develop a luxury Trump Tower in Saudi Arabia. The new tower will be built in Jeddah and developed in tandem with Dar Global, the international arm of Saudi mega-developer Dar Al Arkan. If completed, it appears the Jeddah tower would

By Marshall Cohen, CNN (CNN) — Hunter Biden has sued Fox News and its parent corporation, accusing the right-wing network of smearing him and unlawfully publishing his explicit images without his consent in a 2022 miniseries about his legal troubles. In the lawsuit, filed Sunday in New York state court, the president’s sonaccuses Fox News

By Krystal Hur, CNN New York (CNN) — Shares of online pet products retailer Chewy went on a wild ride Monday after Keith Gill, the influential meme stock trader also known as ”Roaring Kitty,” revealed a large stake in the company. On Monday, Gill said in a Securities and Exchange filing that he purchased about