Money

By Chris Isidore, CNN New York (CNN) — Elon Musk apparently has one last battle to wage with outgoing Securities and Exchange Commission Chairman Gary Gensler. Musk disclosed on his social media platform X that the agency is demanding he agree to a fine of an undisclosed amount to settle charges over his initial purchases

By Jeanne Sahadi, CNN (CNN) — Heads up to anyone who is a freelancer, independent contractor, business owner, property renter or just a hobbyist who occasionally sells their creations: If you accept business-related income through a payment app or online marketplace like Venmo, CashApp, Airbnb and Etsy, come January you may start receiving 1099-K tax

By Jordan Valinsky, CNN New York (CNN) — It’s the end of an era for Bud Light: The beleaguered brand is no longer the most popular beer on tap at bars. Another Anheuser-Busch InBev beer, Michelob Ultra, has surpassed Bud Light in its share of US draft lines, marking an end to several decades of

By Matt Egan and Paula Newton, CNN (CNN) — Canada could retaliate against President-elect Donald Trump’s threatened tariffs by shutting down energy flows to the United States, a top Canadian official warned. “We will go to the extent of cutting off their energy going down to Michigan, going down to New York State and over

By John Towfighi, CNN (CNN) — Google and Samsung are stepping into the wearable headset race. The companies are joining forces to release a mixed-reality headset that will compete with Apple’s Vision Pro and Meta’s Quest 3. The Samsung-built headset will be powered by a new Android operating system, pushing into a market that has

By Karina Tsui, CNN (CNN) — Stanley, the drinkware brand that exploded in popularity on social media, issued a recall of roughly 2.6 million travel mugs over potential “burn hazards,” the Consumer Product Safety Commission announced in a release Thursday. The recall applies specifically to all Stanely Switchback and Trigger Action stainless steel travel mugs

By Hilary Whiteman, CNN Brisbane, Australia (CNN) — Lawyers for women who claim they’ve been sexually harassed while working for global mining giants BHP and Rio Tinto say they’ve been inundated with emails since filing two class action cases in an Australian court. The separate lawsuits, which were filed in the Federal Court in Sydney

By Ramishah Maruf, CNN New York (CNN) — The National Labor Relations Board issued a complaint against the producers of hit reality TV show “Love Is Blind,” arguing that the contestants should be classified as employees and therefore be eligible for worker protections. The complaint is NLRB’s first legal action of this kind regarding reality

By Reuters Wall Street brokerage Cantor Fitzgerald has agreed to pay a $6.75-million penalty to settle Securities and Exchange Commission charges that it misled investors in blank-check companies it controlled, the regulator said on Thursday. Cantor Fitzgerald did not immediately respond to a request for comment. According to the SEC, Cantor neither admitted nor denied

By Kaitlan Collins, Ramishah Maruf and Clare Duffy, CNN (CNN) — Amazon is planning to donate $1 million to President-elect Donald Trump’s inauguration, a person familiar with the matter told CNN. Amazon founder Jeff Bezos is expected to visit with Trump in person in the coming days, as he and other tech founders seek closer

By Elisabeth Buchwald, CNN New York (CNN) — President-elect Donald Trump says Americans not being able to afford groceries will be a relic of the past. “They’re going to be affording their groceries very soon,” he said Thursday before ringing the opening bell at the New York Stock Exchange, where he was honored as Time’s

By Brian Stelter, CNN (CNN) — Warner Bros. Discovery, CNN’s corporate parent, announced Thursday it is establishing a new corporate structure that splits off its cable networks from its growing streaming business. The restructuring is not a spinoff of cable assets in the way that Comcast recently announced, but it may ultimately have the same

By Alicia Wallace, CNN (CNN) — US wholesale inflation shot higher last month, an unwelcome sign that some prices could be heating up before they come down the pike to consumers. The Producer Price Index, a measurement of average price changes seen by producers and manufacturers, rose 0.4% on a monthly basis and 3% for

By Jordan Valinsky, CNN New York (CNN) — The Consumer Financial Protection Bureau has finalized a rule that curbs excessive overdraft fees charged to customers of large banks and credit unions, potentially saving consumers as much as $5 billion a year. The rule, unveiled Thursday, would cap overdraft fees at $5 — a substantial savings

By Nathaniel Meyersohn, CNN New York (CNN) — Drug stores around the United States are struggling. Especially Walgreens. Walgreens’ stock has plunged more than 80% over the past five years, ranking the company among the worst-performing stocks during that stretch. It’s closing 1,200 stores, roughly 15% of its locations. And now Walgreens is reportedly looking

By Matt Egan, CNN New York (CNN) — Import taxes are set to spike under the incoming Trump administration, forcing Americans to pay more for everything from foreign-made sneakers and toys to food, according to new research. The items that are most vulnerable to price spikes from President-elect Donald Trump’s proposed tariffs are ones that

By Tami Luhby, CNN (CNN) — Instead of being able to calmly focus on her chemotherapy treatment, Arete Tsoukalas had to spend hours on the phone arguing with her insurer while receiving infusions in the hospital. Diagnosed with leukemia three years ago, Tsoukalas, 26, was stunned to learn that her insurer’s coverage of the drug

By Hadas Gold, CNN (CNN) — Alex Jones’ control of Infowars has lived on another day, although the long-term future of the site, known for peddling conspiracy theories, has been thrown into doubt after a bankruptcy judge blocked the results of a recent auction for the company’s assets. The judge blocked the winning bid by