Money

By Alicia Wallace, CNN (CNN) — Large downward revisions to monthly jobs data in recent weeks put a gigantic spotlight on an incredibly typical procedure for economic data. They also spurred something highly atypical, with President Donald Trump firing the Bureau of Labor Statistics commissioner over baseless allegations that the data was “rigged.” Now, there’s

By Brian Stelter, Hadas Gold, CNN (CNN) — Rupert Murdoch’s chosen son Lachlan will remain in charge of the family business, forestalling a predicted challenge from his siblings over the political bent of the conservative media empire. Instead, three siblings are exiting the business altogether — in an ending worthy of a dramatic series finale.

By Samantha Delouya, CNN (CNN) — Buying a home has become increasingly pricey in the past few years. Now, Zillow has put a staggering number to those higher costs: America’s housing market has climbed 57% since 2020, to a record $55 trillion. That means that in just five years, the US housing market’s value has

By Chris Isidore, CNN (CNN) — US Steel is shuttering production at a mill in November, but its hundreds of workers will keep their jobs – for now – thanks to an agreement the company reached with the Trump administration. US Steel will stop producing steel at its Granite City, Illinois, mill at the end

By Matt Egan, CNN New York (CNN) — While many CEOs have stayed silent during President Donald Trump’s attacks on the Federal Reserve, hedge fund billionaire Ken Griffin is speaking out about the dangers. Trump risks “stoking both higher inflation and higher long-term rates” by undermining the independence of the Fed, Griffin co-wrote in an

By Auzinea Bacon, CNN (CNN) — August, which is heralded as Black Business Month, should have been a time to celebrate the Black labor force. But last month’s jobs report showed unemployment rates increased for Black workers — and it could point to an economic slump. The unemployment rate for Black workers reached 7.5% in

By Jordan Valinsky, CNN New York (CNN) — If you’re sharing the Amazon Prime membership of a family member or friend outside your household, prepare to pay up. Beginning October 1, the company is eliminating “Prime Invitee,” a program that let Prime members outside of their household share their free shipping benefit. Moving forward, customers

By Jordan Valinsky, CNN New York (CNN) — Howard Stern pranked his fans and the media Monday about leaving his longtime SiriusXM radio show. Bravo host Andy Cohen appeared at the top of Stern’s 7 a.m. time slot, announcing that he was taking over the channel and rebranding it as “Andy 100.” Multiple media outlets,

By Nathaniel Meyersohn, CNN New York (CNN) — Coming out of the pandemic, many retail chains, political leaders, law enforcement officials and others told America there was an unprecedented level of shoplifting. Shoplifting became a political lighting rod, and videos of thieves smashing store windows and grabbing merchandise rocketed across the news and social media

By Jordan Valinsky, CNN New York (CNN) — McDonald’s latest attempt to bring back cost-conscious customers rolls out Monday with a slate of new deals. The fast food chain is reintroducing “Extra Value Meals,” a discount menu category McDonald’s eliminated in 2019. It’s returning this week with eight new meal deals that include several of

By Auzinea Bacon, CNN (CNN) — Getting an early jump on the upcoming horror film slate, “The Conjuring: Last Rites” topped the weekend domestic box office while shattering analysts’ expectations with an $83 million haul. Industry analysts expected the ninth release of “The Conjuring” universe to earn around $50 million. Its bigger-than-expected opening made “Last

COLUMBIA PICTURES, WALT DISNEY PICTURES, WARNER BROS. PICTURES, CNN By Auzinea Bacon, CNN (CNN) — Getting an early jump on the upcoming horror film slate, “The Conjuring: Last Rites” topped the weekend domestic box office while shattering analysts’ expectations with an $83 million haul. Industry analysts expected the ninth release of “The Conjuring” universe to

By Auzinea Bacon, CNN (CNN) — The Treasury Department will issue rebates if the Supreme Court upholds a ruling that President Donald Trump’s “reciprocal” tariffs were an overstep of power, Treasury Secretary Scott Bessent said Sunday. “We would have to give a refund on about half the tariffs, which would be terrible for the Treasury,”

KENS By Hanna Park, CNN (CNN) — Winning tickets for Saturday’s nearly $1.8 billion Powerball jackpot were sold in Missouri and Texas, the lottery said. “With final ticket sales, the Powerball jackpot came in at $1.787 billion – making it the second-largest U.S. lottery jackpot ever won,” the Multi-State Lottery Association, which runs the Powerball

By Chris Isidore, CNN (CNN) — What do you give a man who already can buy anything? How about $1 trillion? That’s what the Tesla board of directors have decided to offer CEO Elon Musk. They unveiled a new pay package Friday for shareholders to consider that could give Musk up to 423.7 million additional

By Lisa Eadicicco, CNN (CNN) — The iPhone needs a shakeup. It could get one as soon as September 9, when Apple is expected to announce an all-new slimmer model of the iPhone, potentially called the “iPhone Air,” alongside the iPhone 17 and new Apple Watch models at its marquee annual event. That kind of

By Hanna Park, CNN (CNN) — Winning tickets for Saturday’s nearly $1.8 billion Powerball jackpot were sold in Missouri and Texas, the lottery said. “With final ticket sales, the Powerball jackpot came in at $1.787 billion – making it the second-largest U.S. lottery jackpot ever won,” the Multi-State Lottery Association, which runs the Powerball game,

By Brian Stelter, CNN (CNN) — The last time President Trump attended a US Open match, as a presidential candidate in 2015, the booing was so loud that multiple news outlets wrote stories about the critical crowd reaction. ESPN’s live broadcast lingered on shots of Trump during a quarterfinal match. Trump will be back on

By Reuters (CNN) — OPEC+ will likely raise oil output on Sunday but probably add less oil from October than in recent months as global demand might be slowing with the end of the driving season, OPEC+ sources said on Saturday. OPEC+ has reversed its strategy of output cuts from April and has already raised