Money

By Jordan Valinsky, CNN New York (CNN) — Starbucks is shutting down its pick-up only store model just six years after introducing the concept, because they no longer mesh with the struggling coffee chain’s overall strategy. “We found this format to be overly transactional and lacking the warmth and human connection that defines our brand,”

CNN, POOL By Phil Mattingly, CNN (CNN) — President Donald Trump said he didn’t want to make things personal as he stood next to Federal Reserve Chair Jerome Powell on a tour of the Fed’s $2.5 billion renovation last week. That brief respite in Trump’s relentless rhetorical war on his favorite economic foil will almost

By Phil Mattingly, CNN (CNN) — President Donald Trump said he didn’t want to make things personal as he stood next to Federal Reserve Chair Jerome Powell on a tour of the Fed’s $2.5 billion renovation last week. That brief respite in Trump’s relentless rhetorical war on his favorite economic foil will almost certainly expire

By Jordan Valinsky, CNN New York (CNN) — International House of Pancakes, a.k.a. IHOP, is leaning into the first word of its name and jumping on a global viral trend that is as lavish as it is expensive. The chain is capitalizing on the “Dubai Chocolate” trend, which has tantalized TikTok users over the past

By Jordan Valinsky, CNN New York (CNN) — Despite being owned by different companies, Oreo and Reese’s are bowing to the fan’s demands and releasing a sweet collaboration. Oreo, owned by Mondelēz International, and Reese’s, part of the Hershey Company, are introducing two new treats that combine flavors from both snacks. Team ups between rival

By Hilary Whiteman, CNN Brisbane, Australia (CNN) — Australia has picked a fight with the world’s largest video platform by backtracking on an earlier promise to exclude YouTube in its social media ban for children under 16. The Labor government said Wednesday the site, which is owned by Google’s parent company Alphabet, will be subject

By David Goldman, CNN (CNN) — President Donald Trump on Tuesday threatened to raise tariffs on Indian imports as high as 25% if the allied nations cannot complete a long-sought trade agreement. “They are going to pay 25%,” Trump said. When asked by a reporter if India would pay tariffs of 20% to 25%, Trump

By Elisabeth Buchwald, CNN (CNN) — Chinese and American trade negotiators concluded their two-day meeting in Stockholm without a resolution to avert tariffs from skyrocketing back to ultra-high levels that formed an effective blockade on trade between the world’s two largest economies. But President Donald Trump’s trade advisers and their Chinese counterparts sounded a hopeful

By Jordan Valinsky, CNN New York (CNN) — Procter & Gamble, the maker of several household staples including Tide detergent and Charmin toilet paper, is hiking prices because of President Donald Trump’s tariffs. The company revealed in Tuesday’s earnings call that its profits will take a $1 billion hit because of tariffs, a larger cost

By Bryan Mena, CNN Washington (CNN) — The Trump administration’s trade agreements with a handful of countries are helping Americans feel somewhat more confident about the economy’s health and its future. Consumer confidence climbed 2 points this month to a reading of 97.2, the Conference Board said Tuesday, showing people’s attitudes about the economy have

By Anna Cooban, CNN London (CNN) — For the first time India has overtaken China as the No. 1 exporter of smartphones to the United States, following Apple’s tariff-driven manufacturing pivot to New Delhi. India-made devices accounted for 44% of smartphone imports in the US during the second quarter, up sharply from 13% during the

By Nayeli Jaramillo-Plata, CNN (CNN) — In Alaska’s North Slope region — the northernmost county in the US, roughly the same size as the United Kingdom — one small public radio station, KBRW, keeps eight Iñupiat villages connected and serves about 10,000 people. Now, it may not survive. Last Thursday, President Trump signed into law

By Chris Isidore, CNN (CNN) — Two of the largest US railroads, Union Pacific and Norfolk Southern, announced on Tuesday a plan to combine in a $72 billion deal that would create America’s first transcontinental freight railroad. The stock and cash deal would be the largest ever in a sector that has already massively consolidated

By Vanessa Yurkevich, CNN New York (CNN) — On August 1, hundreds of countries will come to learn their fate with the United States, when President Donald Trump’s pause on “reciprocal” tariffs ends. Thousands of US businesses will also learn their fates. However, after months of whipsaw trade policy, planning with any sort of certainty

By Alicia Wallace, CNN (CNN) — Goodwill, Easterseals and other nonprofit organizations say thousands of low-income seniors could soon be unemployed because funding hasn’t come through for a decades-old federal job training and placement program. The Department of Labor has yet to release more than $300 million in funds for national grantees of the Senior

By Rebecca Cairns, CNN (CNN) — China has proposed a global action plan to govern artificial intelligence, just days after the United States unveiled its own plan to promote US dominance of the rapidly growing field that’s become a key bargaining chip in trade talks between the economic powerhouses. Chinese Premier Li Qiang unveiled China’s

By Hadas Gold, Michael Ballaban, CNN Nashville officials on Monday announced a massive public transportation partnership with Elon Musk’s The Boring Company to alleviate the city’s significant traffic congestion problems for travelers bound to the airport. But Musk has previously made many similar promises in a host of other American cities with little to show

By John Towfighi, CNN New York (CNN) — US stocks were mixed Monday and the S&P 500 eked out a record high for the sixth day in a row as investors digested the announcement of a trade deal between Washington and Brussels. Stocks were relatively muted on Monday after President Donald Trump and President of

By Nathaniel Meyersohn, CNN New York (CNN) — Wright’s Market has been a fixture of Opelika, Alabama, a town of around 30,000 near Auburn University, since the 1970s. The supermarket relies on the Supplemental Nutrition Assistance Program (SNAP) for roughly one-third of sales. SNAP is a “big piece of what we do,” said owner Jimmy

By Bryan Mena, CNN Washington (CNN) — Sweeping changes are coming to the world’s most powerful central bank, President Donald Trump and his top advisers have said — and they’re already starting to make good on that promise. Treasury Secretary Scott Bessent last week made it clear that the Trump administration intends to shake up