Money

By Jordan Valinsky, CNN New York (CNN) — Nike is in a slump. Sales are down, its stock has lost more than a quarter of its value over the past year and its new CEO needs some help turning around the aging athletic company. Enter Kim Kardashian. Nike is partnering with Kardashian for a new

By Jeanne Sahadi, CNN (CNN) — The Department of Government Efficiency (DOGE) — the special entity created by President Donald Trump and run by Elon Musk to bring about greater “governmental efficiency and productivity” — has been pressing for authorized access to IRS data systems right in the middle of tax-filing season. The IRS, of

By Jordan Valinsky, CNN New York (CNN) — Poppi and Olipop, watch out: Coca-Cola is entering the “better for you” soda category with a response of its own. This month, the beverage behemoth is rolling out Simply Pop, a prebiotic-packed soda that is flavored with fruit juice and vitamins that it claims “supports gut health,”

By Matthew Kaufman, CNN (CNN) — The White House has ordered thousands of government web pages to be taken down over the past month, leaving virtually no trace of some federal agencies’ policies regarding critical topics such as sexual orientation, January 6 cases and discrimination. Since President Donald Trump’s second inauguration, the government’s mass removal

By Ramishah Maruf, CNN New York (CNN) — Southwest Airlines said Monday it will cut 15% of its corporate workforce, or 1,750 people — the first mass layoffs in the company’s history. The cuts will start in April and include senior leadership, the company announced. Eleven senior leadership positions, which include vice presidents and above,

By Liam Reilly, CNN (CNN) — The Washington Post scrapped an upcoming print ad from a pair of advocacy groups calling for the firing of Elon Musk as head of the Department of Government Efficiency. The nixed wrap ad — one of two ads purchased for $115,000 by Common Cause and the Southern Poverty Law

By Chris Isidore, CNN New York (CNN) — Tesla sales are in an unprecedented slide. Competitors are rapidly gaining ground. There’s a lot of bad news for Tesla lately – but it’s unclear if the politics of its polarizing CEO, Elon Musk, are to blame. What is known is that Tesla had its first-ever drop

By Samantha Delouya, CNN (CNN) — Last summer, rule changes from the National Association of Realtors, the powerful real estate trade organization, threatened to upend the way Americans buy and sell homes. Some experts predicted the 6% commission, the unofficial fee for buying or selling a home, would be finished. Now, six months later, as

By Ramishah Maruf, CNN New York (CNN) — Many Americans enjoy a day off on the third Monday of February every year. That’s because it’s Presidents Day, officially named Washington’s Birthday in honor of America’s first president, George Washington (his actual birthday is February 22). The federal holiday has broadened to commemorate President Abraham Lincoln,

By John Liu, CNN Hong Kong (CNN) — Chinese leader Xi Jinping hosted Alibaba co-founder Jack Ma and the country’s top tech executives in Beijing on Monday, in a meeting that signals officials could be steering the country in a more business-friendly direction after a yearslong regulatory crackdown. Besides Ma, the other tycoons in attendance

By Auzinea Bacon, CNN (CNN) — “Captain America: Brave New World” was No. 1 at the weekend box office and is projected to finish as one of the highest-grossing Presidents’ Day weekend openers. According to Comscore estimates, the fourth “Captain America” film grossed about $88.5 million in domestic sales Friday through Sunday. It’s expected to

By Jordan Valinsky, CNN New York (CNN) — Stroll down the dairy aisle of your local grocer, and you’ll likely find a growing array of coffee creamers with so many flavors that it practically rivals sweets and sodas. Once, hazelnut and French vanilla were the only creamer options. Those quaint days are long gone, with

By Ramishah Maruf, CNN New York (CNN) — When James Quincey became CEO of Coca-Cola in 2017, soda had broadly been in decline over its health effects. The beverage giant was embarking on an effort to diversify its reach beyond the sugary drink. A key move? Ditching the carbonation and sticking to the basics: cow

By Ramishah Maruf and Auzinea Bacon, CNN (CNN) — Amazon workers at a warehouse near Raleigh, North Carolina, overwhelmingly rejected the chance to form a union in another setback for the labor movement’s efforts to organize against the online retailing giant. The vote results announced on Saturday by the Carolina Amazonians United for Solidarity and

By Chris Isidore, CNN New York (CNN) — The National Labor Relations Board, the independent agency that is supposed to enforce labor laws for most American workers, has been essentially shut down after President Donald Trump fired one of its board members, leaving it without the quorum it needs to function. The NLRB oversees elections

By Nectar Gan, CNN Hong Kong (CNN) — An unruly Chinese boy who battles dragons and defies destiny has made his way to Western cinema screens after smashing box office records in China. “Ne Zha 2,” an animated blockbuster loosely based on Chinese mythology, is now the world’s highest-grossing movie of all time in a

By Clare Duffy, CNN New York (CNN) — OpenAI’s board of directors has formally rejected a $97.4 billion bid by Elon Musk and other investors to purchase the company. “OpenAI is not for sale, and the board has unanimously rejected Mr. Musk’s latest attempt to disrupt his competition,” OpenAI Board Chair Bret Taylor said in

By Brian Stelter, CNN (CNN) — The Trump White House said Friday that The Associated Press is banned from the Oval Office and Air Force One indefinitely. The AP, one of the world’s biggest news outlets, was singled out by the White House earlier this week over three words: “Gulf of Mexico.” President Donald Trump

By Liam Reilly, CNN (CNN) — Federal prosecutors have ended their criminal investigation into whether former World Wrestling Entertainment CEO and chairman Vince McMahon tried to cover up allegations of sexual misconduct with multiple former employees, his lawyer said Tuesday. “We have been in consistent communication with the government … and understand, with no ambiguity,