CNN – Business/Consumer

By Matt Egan, CNN New York (CNN) — A team of five US Treasury Department officials is traveling to Beijing this week for a series of meetings on the economy with their counterparts in China, a Treasury official told CNN on Monday. The trip by senior officials comes ahead of a planned return to China

By Chris Isidore, CNN New York (CNN) — Many victims of the massive storms now battering Southern California about are to be hit with another heartbreak – discovering their insurance won’t cover the damage. The typical homeowners’ policy won’t cover loss from flood damage. That is covered by the National Flood Insurance Program, a part of the

By Krystal Hur, CNN New York (CNN) — US stocks fell Monday after Federal Reserve Chair Jerome Powell said Sunday the central bank is not ready to cut interest rates yet. “We want to see more evidence that inflation is moving sustainably down to 2%. Our confidence is rising. We just want some more confidence

By Brian Fung, CNN Washington (CNN) — A video on Facebook manipulated to suggest that President Joe Biden behaves inappropriately toward women can remain on the platform, but only because of a problematic loophole in Meta’s “incoherent” policies, the company’s Oversight Board said Monday. The loophole threatens elections worldwide and should be closed as soon

By Oliver Darcy, CNN New York (CNN) — CNN announced Monday that it will overhaul its entire slate of morning programming, charting a new course under new chief executive Mark Thompson as the cable news network works to improve its lackluster ratings. The network said that it will revamp its flagship morning offering, “CNN This

By Catherine Thorbecke, CNN (CNN) — Snap Inc, the parent company of Snapchat, said Monday that it is laying off 10% of its staff, becoming the latest tech company to conduct a fresh round of job cuts since the start of the year. Snap disclosed the latest layoffs in a regulatory filing on Monday, saying

CNN By Vanessa Yurkevich, CNN New York (CNN) — It started as a joke. At the end of 2023, when social media users were posting their “Ins and outs” for 2024, comedian and writer Lukas Battle did the same, bringing the term “loud budgeting” to the world. “Loud budgeting is a new concept I am announcing for 2024, it’s

By Jordan Valinsky, CNN New York (CNN) — McDonald’s said growing tensions in the Middle East have hurt its business. The burger chain, reporting growing overall sales and earnings for fourth quarter, noted that the overseas tensions were weighing on the region’s sales, and the company is monitoring the evolving situation. The Middle East doesn’t

By Matt Egan, CNN New York (CNN) — Outsiders vying to reform Harvard University – and backed by billionaires Bill Ackman and Mark Zuckerberg – have failed in their quest to join the school’s Board of Overseers. Despite the high-profile backing from Ackman and Zuckerberg, the write-in candidates did not gather enough signatures to make it

By Vanessa Yurkevich, CNN New York (CNN) — It started as a joke. At the end of 2023, when social media users were posting their “Ins and outs” for 2024, comedian and writer Lukas Battle did the same, bringing the term “loud budgeting” to the world. “Loud budgeting is a new concept I am announcing for 2024, it’s the

By Hanna Ziady, CNN London (CNN) — Tim Clark, the president of Emirates, has joined a chorus of airline executives in warning that Boeing is running out of time to restore its reputation following a series of safety and manufacturing blunders. In an interview with the Financial Times published Sunday, Clark said he had seen

By Yoonjung Seo, CNN Seoul (CNN) — The billionaire boss of Samsung Electronics, one of the world’s biggest technology firms, will not serve more jail time. Lee Jae-yong was found not guilty by a Seoul court on Monday on charges of stock manipulation and accounting fraud connected to a controversial merger in 2015 of two

By Laura He, CNN Hong Kong (CNN) — Tens of thousands of people in China are flocking to an unusual venue to vent their outrage about the continuing meltdown in the country’s stock market. They’ve been posting comments on a Chinese-language social media account of the US Embassy in Beijing expressing anger and frustration with

By Chris Isidore, Gregory Wallace and Pete Muntean, CNN New York (CNN) — A new problem has been found during the production of 737 Max jets that will force Boeing to rework about 50 planes that have not yet been delivered. The problem was disclosed in a memo sent to Boeing (BA) employees Sunday by

By Nicole Goodkind, CNN New York (CNN) — Federal Reserve Chair Jerome Powell said the time is coming for interest rate cuts, but asked Americans for a bit more patience in the central bank’s fight against inflation. The US economy is strong and the central bank will likely lower later interest rates later this year,

By Nathaniel Meyersohn, CNN New York (CNN) — Across the country, ticket prices have surged, making it impossible for many to afford to go see their favorite team play without spending a fortune. (And don’t even ask about Super Bowl tickets, which will be the most expensive on record. Hint: $9,000+) The price of tickets

By Ashley R. Williams, CNN (CNN) — Five numbers on one lucky Powerball ticket won $1 million for a Kentucky middle school’s lottery pool of 30 current and former employees, the Kentucky Lottery says. The Boone County counselors, administrative staff members, special education teachers and others who pooled their money over the past eight years

By Eva Rothenberg, CNN New York (CNN) — On February 4, 2004, a Harvard University undergrad named Mark Zuckerberg introduced TheFacebook.com, a social networking site for his fellow students. Twenty years after its launch, social media giant Facebook continues to show unprecedented staying power after burying early competitors like MySpace and Friendster and establishing a

By Peter Valdes-Dapena, CNN Irvine, California (CNN) — Automakers like Lamborghini, Ferrari, Bentley and Rolls-Royce have been doing well as, regardless of whatever is happening in the wider world’s economy, the ranks of the ultra-wealthy grow and become richer. Lamborghini sold more than 10,000 vehicles last year for the first time ever and Ferrari had