Money

By John Towfighi, CNN (CNN) — The Trump administration is investing in publicly traded companies — and it’s sending stocks soaring higher. Under President Donald Trump, the US government has taken equity stakes in companies including Intel (INTC), MP Materials (MP), Lithium Americas (LAC) and Trilogy Metals (TMQ). Investing in public companies is an unusual

By Auzinea Bacon, CNN (CNN) — Lionsgate Films’ “Now You See Me: Now You Don’t” stole the show at the domestic box office this weekend. The third installment of the “Now You See Me” franchise earned $21.3 million. The first “Now You See Me” opened in 2013 to more than $29 million, according to Box

UNIVERSAL PICTURES, PARAMOUNT PICTURES, 20TH CENTURY STUDIOS, LIONSGATE MOVIES, CNN By Auzinea Bacon, CNN (CNN) — Lionsgate Films’ “Now You See Me: Now You Don’t” stole the show at the domestic box office this weekend. The third installment of the “Now You See Me” franchise earned $21.3 million. The first “Now You See Me” opened

By Auzinea Bacon, CNN (CNN) — Treasury Secretary Scott Bessent said Sunday that President Donald Trump’s proposal to issue $2,000 tariff rebate checks to most Americans would require Congress’ approval. “We will see. We need legislation for that,” Bessent said on Fox News’ “Sunday Morning Futures” when asked about rebate checks, adding that “Those could

CNN By Alexandra Banner, CNN The US government recently stopped minting pennies due to rising production costs. Economists say the nickel could be next as officials reconsider whether low-value coins are worth keeping in circulation. Here’s what else you need to know to get up to speed and on with your day. 1️⃣ Epstein files

By Hadas Gold, CNN San Francisco (CNN) — Just blocks from the Presidio of San Francisco, the national park at the base of the Golden Gate Bridge, stands a gleaming white building, its façade adorned with eight striking gothic columns. But what was once the home of a Christian Scientist church, is now the holy

By Clare Duffy, CNN New York (CNN) — An unassuming circular pendant slightly larger than a quarter has been at the center of a massive uproar. The chief executive behind it isn’t fazed. Avi Schiffmann, 23, created the Friend pendant to be an artificial intelligence companion for users. He was inspired after realizing that, while

By Chris Isidore, CNN (CNN) — The American penny is history. The nickel might be next. The last pennies were pressed at the US Mint in Philadelphia on Wednesday, a victim of production costs higher than their worth coupled with limited usefulness. While the penny remains legal tender, banks and merchants are already reporting shortages.

By Gordon Ebanks, CNN (CNN) — Dr. Adriana Kugler, a former member of the Federal Reserve Board of Governors who abruptly announced her resignation in August, broke the central bank’s trading rules, according to a report released Saturday by the US Office of Government Ethics. That disclosure shows violations of purchasing stocks and making those

By Jordan Valinsky, CNN New York (CNN) — Choosing the right wine to pair with your Thanksgiving meal can be as stressful as cooking the turkey. And this year, it’s going to be worse. Shoppers can expect higher prices and possibly slimmer selections at their local wine shops, as importers are facing steep tariffs and

By Hanna Park, CNN (CNN) — A Georgia player has won an estimated $980 million Mega Millions jackpot on Friday, the eighth-largest prize in the game’s history, according to the lottery. The winning ticket matched all six winning numbers: 1, 8, 11, 12, 57, and Mega Ball 7. The win ends a 40-drawing streak without

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump on Friday signed an executive order that retroactively lowers tariffs on beef, tomatoes, coffee and bananas, among other agricultural imports, backdated to Thursday. The order Trump signed excludes the goods from “reciprocal” tariff rates, which start at 10% and go as high as 50%. However, the

By Liam Reilly, CNN (CNN) — RedBird Capital withdrew its £500 million bid for the Telegraph Media Group on Friday, leaving the fate of the major British publisher unclear. “RedBird has today withdrawn its bid for the Telegraph Media Group,” a representative for private equity firm RedBird Capital Partners told CNN. “We remain fully confident

By Alicia Wallace, CNN (CNN) — The US government has reopened following its longest-ever shutdown, setting the stage for the eventual release of the gold-standard federal data that is crucial in analyzing the health and trajectory of the nation’s economy. Data nerds (and government officials, and Federal Reserve policymakers, and business owners, and, well, everyone

CNN By Jordan Valinsky, CNN New York (CNN) — Doug McMillon, Walmart’s CEO for just over a decade, is retiring next year, the retailer announced Friday. McMillon will be succeeded by John Furner on February 1, 2026. Furner is currently the CEO and president of Walmart’s US operations, the company’s largest business unit. Both executives

By Elisabeth Buchwald, CNN (CNN) — The Trump administration plans to lower the United States’ tariffs on goods from Switzerland, according to an announcement Friday from the White House and the Swiss government following a meeting with US Trade Representative Jamieson Greer. The tariff rate the US charges on Swiss imports will fall to 15%

By Jordan Valinsky, CNN New York (CNN) — Doug McMillon, Walmart’s CEO for just over a decade, is retiring next year, the retailer announced Friday. McMillon will be succeeded by John Furner on February 1, 2026. Furner is currently the CEO and president of Walmart’s US operations, the company’s largest business unit. Both executives have

By John Towfighi, CNN New York (CNN) — For months, it felt like nothing could knock stocks off their steady ascent — but November has been a rough month on Wall Street. The tech-heavy Nasdaq Composite is down almost 3.5% this month and on track for its first losing month since March. The Nasdaq has

By Clare Duffy, CNN New York (CNN) — When Jamie Iannone took over as eBay’s chief executive in early 2020, the company had undergone a leadership shakeup and was in the process of shedding businesses under pressure from activist investors. One of the internet’s original shopping sites, it had just lost its position as the