Money

By John Towfighi, CNN New York (CNN) — Tech stocks were under pressure this week as Wall Street’s AI enthusiasm slowed and investors adjusted portfolios after a strong summer rally. The Nasdaq Composite fell 0.67% on Wednesday after sliding 1.46% on Tuesday. The tech-heavy index was on track to snap back-to-back weeks of gains. Meanwhile,

By Hadas Gold, CNN (CNN) — Elon Musk on Wednesday pushed back against a report that he’s dropping plans to form a new political party after he grew angry with President Donald Trump’s domestic policy bill. The Wall Street Journal reported that the richest man in the world has told associates he fears founding a

By Nathaniel Meyersohn, CNN (CNN) — Target CEO Brian Cornell is stepping down after 11 years amid struggles at one of America’s most prominent retail chains. Cornell helped engineer a turnaround at Target, but it’s been a rocky few years for the retailer. Incoming Target CEO Michael Fiddelke, a veteran leader at the company, will

By Brian Stelter, CNN (CNN) — Historians and researchers are expressing “grave concern” about President Trump’s push to purge museums of information he dislikes. “Such political interference stands to impose a single and flawed view of American history onto the Smithsonian, placing at risk the integrity and accuracy of historical interpretation,” Sarah Weicksel, executive director

By Liam Reilly, Hadas Gold, CNN (CNN) — Ari Shapiro, one of the core voices of NPR, will depart the network in late September, the latest major exit from the outlet since Congress stripped federal funding for public broadcasters. In a Tuesday morning memo to staffers, NPR news chief Edith Chapin announced that Shapiro will

By Lisa Eadicicco, CNN New York (CNN) — How many apps does it take to plan a work meeting or a dinner with friends? It likely involves bouncing between your text messaging app, an email app, a navigation app like Google Maps and perhaps a reservation app like Resy or Opentable. Google wants to cut

CNN 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,

By Bryan Mena, CNN Washington (CNN) — President Donald Trump on Wednesday called on a top policymaker at the Federal Reserve to resign, after one of his allies alleged that she committed mortgage fraud. In a letter dated August 15, Federal Housing Finance Agency director Bill Pulte urged the Justice Department to investigate a pair

By Jack Guy, CNN London (CNN) — UK regulators have banned a TV commercial for Sanex shower gel after ruling that it “could be interpreted as suggesting that white skin was superior to black skin.” The Advertising Standards Authority (ASA) acted after receiving complaints about the ad from two people “who believed the ad perpetuated

By Jordan Valinsky, CNN New York (CNN) — McDonald’s is slashing the prices of its combo meals just a few weeks after the CEO publicly admitted that its menu has gotten too expensive and pledged to fix the problem. McDonald’s and its US franchisees agreed to price eight popular combo meals at 15% less than

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