Money

By Nathaniel Meyersohn, CNN New York (CNN) — Target’s problems are intensifying. In the latest signal of trouble, the company reported sales dropped during its latest quarter, and Target cut its full-year profit guidance Wednesday. The company’s sales have stagnated for about four years, and Target said last month that it would cut 1,000 corporate

By Lisa Eadicicco, CNN (CNN) — Having problems with your favorite websites lately? It’s not just you. Web infrastructure provider Cloudflare experienced a disruption on Tuesday that temporarily impacted a swath of online services – from Spotify to ChatGPT and even President Donald Trump’s Truth Social platform – marking the latest in a string of

CNN By John Towfighi, CNN New York (CNN) — Bitcoin and stocks are in a bout of volatility — and investors say more turbulence could be in store. US stocks closed lower Tuesday, extending a recent tumble. The Dow fell 499 points, or 1.07%. The S&P 500 fell 0.83%. The tech-heavy Nasdaq Composite slid 1.21%.

By Brian Stelter, CNN (CNN) — A federal appeals court has rejected President Donald Trump’s attempt to revive a defamation lawsuit against CNN, calling his arguments “meritless.” The 2022 suit objected to CNN’s use of the phrase “the big lie” in reference to the president’s lies about the 2020 election being “stolen.” On Tuesday, a

By Clare Duffy, CNN New York (CNN) — Meta scored a major win on Tuesday after a federal judge ruled that it is not a social networking monopoly, shooting down an argument from the US Federal Trade Commission that it should be forced to spin off two of its most popular platforms. The Federal Trade

By Brian Stelter, CNN (CNN) — “The Daily” has been dethroned. “The Joe Rogan Experience,” which was #3 on Apple’s list of most popular podcast shows last year, moved up to first place this year. “The Daily,” from The New York Times, was #2 this year, followed by “The Mel Robbins Podcast,” which wasn’t in

By Clare Duffy, CNN New York (CNN) — If Roblox users want to chat on the online gaming platform, they’ll soon have to verify their age by providing a government ID or by letting an artificial intelligence age estimation tool photograph their face. The move comes as the platform faces a string of lawsuits and

By Nathaniel Meyersohn, CNN New York (CNN) — The housing market is frozen, and consumers are nervous about the economy. That’s a bad recipe for Home Depot. The bellwether for US consumers and the housing market said Tuesday that its sales at US stores open for at least one year rose only 0.2% last quarter.

By Lisa Eadicicco, CNN (CNN) — The longest government shutdown in US history shook travel plans across America earlier this month as a shortage of air traffic controllers resulted in thousands of delayed or canceled flights. But even the end of the shutdown doesn’t fix the the broader air traffic controller shortage that’s been plaguing

By Matt Egan, CNN New York (CNN) — Surging import costs. Mounting payroll and healthcare expenses. A shortage of affordable loans. And a stressed-out workforce. Small businesses are facing mounting pressure from America’s affordability crisis. Doug Scheffel, owner of a family-run ETM Manufacturing in Massachusetts, laid off about a quarter of his employees in April

By John Towfighi, CNN New York (CNN) — Bitcoin and stocks are in a bout of volatility — and investors say more turbulence could be in store. US stocks closed lower Tuesday, extending a recent tumble. The Dow fell 499 points, or 1.07%. The S&P 500 fell 0.83%. The tech-heavy Nasdaq Composite slid 1.21%. The

By John Towfighi, CNN New York (CNN) — Wall Street kicked off the week on a sour note, with stocks and bitcoin tumbling as a risk-off attitude spread through markets. The Dow closed lower by 557 points, or 1.18%. The broader S&P 500 fell 0.92%. The Nasdaq Composite fell 0.84%. Wall Street’s fear gauge, the

By Issy Ronald, CNN (CNN) — Subscription TV company Sky Sports has scrapped its new TikTok account targeting female sports fans after just three days, after the style and tone of its videos faced backlash. Social media users labeled the account “condescending,” “patronizing” and “sexist,” accusing it of perpetuating the problems it purported to address.

By Jordan Valinsky, CNN New York (CNN) — Two of America’s most embattled retail chains are working together to drum up some excitement from customers this holiday season. They sure could use it. Beginning Monday, a Frozen Peppermint Hot Chocolate drink will be available exclusively at Starbucks cafés inside Target stores. The vast majority of

By David Goldman, CNN (CNN) — President Donald Trump keeps downplaying America’s affordability crisis, and he continues to falsely claim that inflation and overall prices have fallen during his second term. “Our prices are coming down very substantially on groceries and things,” Trump told reporters in Florida Sunday evening. “They’re already at a much lower

By John Towfighi, CNN (CNN) — The Trump administration is investing in publicly traded companies — and it’s sending stocks soaring higher. Under President Donald Trump, the US government has taken equity stakes in companies including Intel (INTC), MP Materials (MP), Lithium Americas (LAC) and Trilogy Metals (TMQ). Investing in public companies is an unusual

By Auzinea Bacon, CNN (CNN) — Lionsgate Films’ “Now You See Me: Now You Don’t” stole the show at the domestic box office this weekend. The third installment of the “Now You See Me” franchise earned $21.3 million. The first “Now You See Me” opened in 2013 to more than $29 million, according to Box

UNIVERSAL PICTURES, PARAMOUNT PICTURES, 20TH CENTURY STUDIOS, LIONSGATE MOVIES, CNN By Auzinea Bacon, CNN (CNN) — Lionsgate Films’ “Now You See Me: Now You Don’t” stole the show at the domestic box office this weekend. The third installment of the “Now You See Me” franchise earned $21.3 million. The first “Now You See Me” opened

By Auzinea Bacon, CNN (CNN) — Treasury Secretary Scott Bessent said Sunday that President Donald Trump’s proposal to issue $2,000 tariff rebate checks to most Americans would require Congress’ approval. “We will see. We need legislation for that,” Bessent said on Fox News’ “Sunday Morning Futures” when asked about rebate checks, adding that “Those could

CNN By Alexandra Banner, CNN The US government recently stopped minting pennies due to rising production costs. Economists say the nickel could be next as officials reconsider whether low-value coins are worth keeping in circulation. Here’s what else you need to know to get up to speed and on with your day. 1️⃣ Epstein files