Money

By Matt Egan, CNN (CNN) — Donald Trump is returning to the White House, and the stock market is loving it. Investors, relieved to have a clear-cut election winner and fired up about the prospect of tax cuts and deregulation, have sent US stocks zooming higher. The Dow Jones Industrial Average closed above 44,000 on

By Elisabeth Buchwald, CNN New York (CNN) — President-elect Donald Trump’s return to the White House already carried the potential for sweeping changes to the Federal Reserve. But now a growing question is not how the central bank will operate under Trump but if it’ll continue to operate at all. Elon Musk, a key Trump

By Hanna Ziady, CNN London (CNN) — Shell is not obliged to dramatically reduce its planet-heating pollution by 2030, a Dutch appeals court ruled Tuesday, delivering a blow to efforts by environmental activists to push energy companies away from fossil fuels. The ruling — handed down just as annual climate talks take place at COP29

By Brian Stelter, CNN New York (CNN) — Chris Wallace, the veteran journalist who has anchored weekly programs on CNN and the Max streaming service, is leaving the network, he announced Monday. Wallace, 77, who signed a three-year contract with CNN in December 2021, told The Daily Beast that “this is the first time in

Story by Reuters (CNN) — Genetic testing firm 23andMe said on Monday it is reducing about 40%, or 200 employees, from its workforce and discontinuing further development of all its therapies as part of a restructuring program. “We are taking these difficult but necessary actions as we restructure 23andMe and focus on the long-term success

By Clare Duffy, CNN New York (CNN) — Sexist and abusive attacks on women, like “your body, my choice” and “get back to the kitchen,” have surged across social media since Donald Trump’s reelection, according to an analysis from the Institute for Strategic Dialogue. An X post from White nationalist and Holocaust denier Nick Fuentes

By Auzinea Bacon, CNN (CNN) — President-elect Donald Trump has made tougher immigration enforcement a key campaign promise in each of his White House bids. If he follows through on his pledge for mass deportations and tighter immigration policies, it could create a financial burden for many Americans. That’s because immigrants – including people who

By Samantha Delouya, CNN (CNN) — When Julie Johnson and her husband decided to purchase their own home, they turned to an unexpected place: Facebook Marketplace. One month and $52,000 later, a pre-owned 2,200 square-foot, four-bedroom, two-bathroom manufactured home was cut in half and delivered in two pieces on the back of a truck to

By Nathaniel Meyersohn, CNN New York (CNN) — In Woodbridge, Virginia, LongHorn Steakhouse will take over an old TGI Fridays. In Watertown, New, York, a former Red Lobster is being converted to a Northern Credit Union bank. And Chick-fil-A is taking over a shuttered Red Lobster in Naples, Florida. Vacant restaurant chains are creating prime

By Kathleen Magramo, CNN (CNN) — Toy manufacturer Mattel has apologized after mistakenly printing the web address of a pornographic site on the packaging of its newly launched “Wicked” dolls. Instead of pointing readers to the official website of the movie adaptation of the Tony Award-winning musical, information found on boxes of the special edition

By Samantha Delouya, CNN (CNN) — Last month, two major storms, Hurricane Helene and Hurricane Milton, caused a total of between $51.5 billion and $81.5 billion of property damage, mostly to Southeastern US states, according to estimates from CoreLogic. That’s a lot of damage – but it’s only a small fraction of what climate change

By Dawn Sawyer, CNN (CNN) — An Illinois woman is $1 million richer after winning on a lottery ticket she forgot about. During a grocery trip to the Jewel-Osco supermarket in Elmhurst in October, she made the last-minute decision to pick up a lottery ticket for the Lucky Day Lotto, a daily draw game in

By David Goldman, CNN (CNN) — Bitcoin on Sunday hit a new record above $80,000. The world’s largest cryptocurrency surged in the run-up to Tuesday’s US presidential election, rose sharply immediately on election night after it became clear Donald Trump would win and has continued rising in the days since his victory. Bitcoin is up

By Ramishah Maruf, CNN New York (CNN) — Veterans Day honors active and former US service members annually on November 11, the anniversary of the end of World War I. This year, the holiday falls on Monday, giving many office workers and students a long weekend. Since it’s a federal holiday, many government institutions and

By Erika Tulfo, CNN (CNN) — Kelsea Palm was feeling out of sorts as the presidential election was approaching. So, she did what many Americans do when they’re feeling anxious: She went shopping. The Wheaton College senior and her friend hit shops in Massachusetts the weekend before Election Day, and while Palm prides herself on

By Chris Lau, CNN Hong Kong (CNN) — When the new iPhone 16 went on sale, locals couldn’t help but notice some less familiar faces flocking to Hong Kong’s Apple stores: Russians holding piles of cash. As new shoppers walked out of stores with the latest models, eager Russian buyers closed in to seal the deal, offering to buy

By John Towfighi, CNN (CNN) — Taylor Moses was awake all night when Hurricane Helene landed on her pecan farm in Georgia. Moses said she and her husband, Arren, knew the hurricane would take a toll on their 800 acres of pecan trees. Yet the devastation this September was astounding. The hurricane destroyed the entirety

By Auzinea Bacon, CNN (CNN) — Billionaire hedge fund manager Bill Ackman wants Pershing Square Holdings and Universal Music Group out of Euronext Amsterdam following attacks this week on Israeli soccer fans in the Dutch capital. “Concentrating the listing on one exchange, the (London Stock Exchange), and leaving a jurisdiction that fails to protect its

By David Goldman, CNN (CNN) — President-elect Donald Trump’s social media stock had been sinking fast after a short-lived, post-election-victory surge this week. Then, with a single post on Truth Social, he helped boost the stock again – and added a half billion dollars to his net worth as a result. At Friday’s market open,

By John Towfighi, CNN New York (CNN) — US stocks closed at record highs on Friday, notching their best week all year after Donald Trump’s victory in the US presidential election. The S&P 500 rose 0.38% on Friday, briefly crossing 6,000 points for the first time ever, before closing at about 5,996. The Dow rose