Money

By Nathaniel Meyersohn, CNN New York (CNN) — Target CEO Brian Cornell is stepping down after 11 years at the retailer, as the company faces slumping sales and backlash to its retreat on DEI. Cornell’s departure was widely expected. Some industry analysts believed Target should bring in an outside voice to lead the company, but

By Jordan Valinsky, CNN New York (CNN) — Pizza Hut has a value problem. It hopes a new $5 pizza will help. On Wednesday, the chain is rolling out “Crafted Flatzz,” a thinner and crispier version of its Personal Pan Pizza, for $5. The single-serving pizzas, available for a limited time, are aimed at the

By Jeanne Sahadi, CNN (CNN) — While financial scams have always been around, the variety of schemes that scammers employ to steal money are easily proliferated these days with the internet, social media, AI and crypto. Frauds and scams ranked No. 6 on the list of top consumer complaints last year, according to a recent

By John Liu, CNN Hong Kong (CNN) — Chinese refineries have placed new orders for Russian crude that will be shipped from ports that typically supply India, as demand from the South Asian country for Moscow’s crude slips following US President Trump’s tariffs. At least 15 cargoes of Russian oil have been secured by Chinese

By Kit Maher, Clare Duffy, CNN (CNN) — The UK government has backed down on a controversial demand for Apple to build a “back door” into its technology to access private user data following pressure from the Trump administration. The order could have undermined a key security promise Apple makes to its users — the

By Elisabeth Buchwald, CNN (CNN) — Hundreds of different goods just got a lot more expensive to import into the United States, now that President Donald Trump’s 50% tariff on steel and aluminum has kicked in. Butter knives, baby strollers, spray deodorants and fire extinguishers, considered “derivative” steel and aluminum products, were previously excluded from

By Brian Stelter, CNN (CNN) — Nexstar, the biggest owner of US TV stations, is trying to get even bigger, believing the Trump administration will allow it to do so. On Tuesday, Nexstar announced a deal to acquire another broadcast station heavyweight, Tegna, in a $6.2 billion deal including debt. The deal will require government

By Lisa Eadicicco, CNN New York (CNN) — Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick confirmed on Tuesday that the US government is considering an extraordinary investment in struggling chipmaker Intel. But they gave different answers about what the Trump administration sought to do with that stake. Such a deal, if it were

By Alicia Wallace, CNN (CNN) — Treasury Secretary Scott Bessent on Tuesday threw cold water on the idea that Americans could soon receive tariff rebate checks. Bessent, during an interview on CNBC’s “Squawk Box,” said that revenue from import tariffs will be put toward the US national debt. “I think, at a point, we’re going

By Chris Isidore, CNN (CNN) — Home Depot said Tuesday that some of its prices could be going up because of the cost of tariffs. Until now, America’s largest home improvement retailer has limited what it has said about the impact of tariffs on its prices. But after reporting quarterly results Tuesday, CFO Richard McPhail

By Jordan Valinsky, CNN New York (CNN) — When Taylor Swift’s releases her new album, “Life of a Showgirl,” in October, it can be heard on the usual places, including streaming, vinyl and…cassette tape? The cassette tape was once one of the most common ways to listen to music, overtaking vinyl in the 1980s before

By David Goldman, Chris Isidore, CNN (CNN) — Air Canada and a union representing the airline’s flight attendants have come to a tentative agreement, ending a days-long strike that canceled thousands of flights and stranded hundreds of thousands of passengers. “Flight attendants at Air Canada and Air Canada Rouge have reached a tentative agreement, achieving

By Lianne Kolirin, CNN London (CNN) — The French are known for their love of fine wines. La Popote, a French-style restaurant in northern England, is no exception. The Michelin Guide-listed eatery in the county of Cheshire offers diners the choice of almost 140 varieties of wine. But now the business is taking a bold

By Ramishah Maruf, CNN New York (CNN) — Japan’s SoftBank will invest $2 billion into struggling American chipmaker Intel, the two companies announced Monday. SoftBank will pay $23 per share of Intel common stock (INTC), according to a statement from the companies. Intel shares rose 6% in after-hours trading. The news comes just days after

By Tami Luhby, CNN (CNN) — Novo Nordisk announced Monday that US patients can now get a month’s supply of Ozempic, the blockbuster diabetes drug, for $499, for those who pay for medications on their own and don’t go through insurance. The move comes as President Donald Trump is pressuring drugmakers to lower drug costs,

By Gordon Ebanks, CNN (CNN) — Monday night’s Powerball jackpot has climbed to $605 million, a new high for 2025, after going without a winner since the end of May. If someone wins, they can choose a one-time payout of $273.4 million or take the $605 million prize as a 30-year annuity, putting it among

By Brian Stelter, Marshall Cohen, CNN (CNN) — Egregious lies about the 2020 presidential election are going to cost Newsmax $67 million. To avert a high-stakes trial, the right-wing cable channel has agreed to pay Dominion Voting Systems $27 million this month and another $40 million in the next two years. The settlement deal was

By Brian Stelter, CNN (CNN) — As the cable news channel MSNBC splits up with NBC News, it is also dropping the NBC from its name. Later this year, the channel will become MS NOW, which stands for My Source for News, Opinion, and the World. “This new branding underscores our mission: to serve as

By Vanessa Yurkevich, CNN New York (CNN) — Americans are back-to-school shopping earlier than previous years due to fears of tariffs raising prices. Families with tighter budgets are finding deals in a less traditional place: pawn shops. Families plan to spend about 2% less this back-to-school season compared to last year, according to a survey

By John Towfighi, CNN (CNN) — It’s been a summer to remember for crypto. Bitcoin is eclipsing record highs, shares in crypto-related companies are soaring and Wall Street is rethinking its stance on the industry. Once on the fringes of finance, cryptocurrency is now being embraced by a growing base of enthusiastic investors — and