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CNN By Jordan Valinsky, CNN New York (CNN) — Macy’s announced Monday that a single employee was responsible for so many accounting irregularities that the company was forced to delay its quarterly earnings report, which the retailer had planned to release Tuesday. The company recently discovered that the unnamed employee intentionally hid as much as

By Ramishah Maruf, CNN New York (CNN) — Microsoft said most Outlook and Teams services had been restored as of Monday evening, after more than 24 hours of technical delays. On Tuesday afternoon, the company announced a full restoration of services. At the outage’s peak, tracking site Downdetector showed more than 5,000 user-reported problems, though

By Hanna Ziady, CNN London (CNN) — Thyssenkrupp Steel has announced plans to eliminate 11,000 jobs by the end of this decade — about 40% of its workforce — becoming the latest German industrial giant to opt for drastic action to prop up its fortunes. The company said Monday that it is aiming to cut

By Jordan Valinsky, CNN New York (CNN) — Macy’s announced Monday that a single employee was responsible for so many accounting irregularities that the company was forced to delay its quarterly earnings report, which the retailer had planned to release Tuesday. The company recently discovered that the unnamed employee intentionally hid as much as $154

By Matt Egan, CNN New York (CNN) — Business leaders say they are relieved ­President-elect Donald Trump made a safe choice to lead the Department of Treasury after more unconventional selections to other cabinet posts. Hedge fund executive Scott Bessent survived an internal squabble over the role of Treasury secretary, a key position that will

By Jeanne Sahadi, CNN (CNN) — Unless you’re lucky enough to have a defined-benefit pension on top of Social Security when you retire — which most US private-sector workers will not — figuring out how to make your money last in retirement can be nerve-wracking. That’s because you can’t predict any of the big variables

By Nathaniel Meyersohn, CNN New York (CNN) — Americans are losing their taste for Lunchables. Sales of the compartmentalized meat and cheese meal marketed to kids and their busy parents in colorful boxes slid 12% during the quarter ending on November 3, according to Circana data. Lunchables’ slide is hurting its parent company, Kraft Heinz.

By Ramishah Maruf, CNN New York (CNN) — Iced coffee just isn’t the same when you make it at home. It quickly waters down, tastes bitter and simply doesn’t emulate what you pay a barista upwards of $8 for. But brands like Nestlé and Keurig, who make single-serve espresso machines ubiquitous in many households, are

By Auzinea Bacon, CNN (CNN) — Hollywood is seeing green this weekend, with “Wicked” leading a big jump at the domestic box office. “Wicked” and “Gladiator II” — which some have called “Glicked” following the success of the 2023 summer blockbusters “Barbie” and “Oppenheimer” — combined to gross an estimated $169.5 million in their domestic

By Sean Lyngaas, CNN (CNN) — A major software supply-chain company, which counts US and UK grocery stores and Fortune 500 firms as clients, said it was hit by a ransomware attack this weekend. The hackers hit Blue Yonder — an Arizona-based software firm acquired by Panasonic in 2021 — affecting a private cloud computing

By Vanessa Yurkevich, CNN New York (CNN) — Egg prices have risen steadily over the past two years. A spike in avian flu and the approaching holiday season are combining to make the problem even worse. “Thanksgiving (dinner) is the same price this year as last year overall, except eggs. The one little spike that

By John Towfighi, CNN (CNN) — Thanksgiving means football, food and, for some, crazy family reunions. It can also mean the stress of shopping (and paying) for a big dinner. The cost of groceries for Thanksgiving dinner for 10 people has decreased two years in a row but remains 19% higher than before the pandemic,

By Chris Isidore, CNN New York (CNN) — This week ended with President-elect Donald Trump nominating one of the most pro-union Republican members of Congress to be his secretary of Labor. But it began with a company owned by one of his more ardent supporters, Elon Musk, arguing in court that a key federal labor

By Erika Tulfo, CNN (CNN) — The McRib is returning to menus this holiday season – but don’t get used to it. McDonald’s announced Wednesday that its famed boneless pork patty sandwich will be available again starting December 3. But, as always, it will only be for a limited time. And the same goes for

By Ramishah Maruf, CNN New York (CNN) — The aftermath of the 2024 US presidential election has been a boon to Elon Musk. The richest person in the world got even richer Friday, with Musk’s net worth hitting a record $347.8 billion, Bloomberg reported. That beats his previous record set in November 2021, when the

By Liam Reilly, CNN New York (CNN) — Dana White is tapping out of politics. After embracing President-elect Donald Trump, the Ultimate Fighting Championship chief executive said in an interview this week he won’t help future presidential campaigns, stating he “want[s] nothing to do with politics.” “I’m never f***ing doing this again,” White told The

By Anna Cooban, CNN London (CNN) — The coronation of King Charles III and Queen Camilla held in May last year cost British taxpayers £72 million ($91 million), an amount some have labeled excessive. The Department for Culture, Media and Sport said in its annual accounts released Thursday that it had spent just over £50

By Jordan Valinsky, CNN New York (CNN) — McDonald’s is hoping a new value menu will win back customers that have been put off by its higher prices. On Friday, the fast-food chain unveiled the “McValue” menu, a new, budget-friendly category that will roll out at US restaurants on January 7, 2025. The popular $5

By Nathaniel Meyersohn, CNN New York (CNN) — Companies and economists warn that President-elect Donald Trump’s plans to slap tariffs on all US imports will cause havoc in supply chains and raise prices for customers. But TJ Maxx believes that Trump’s tariff plans will benefit the discount chain. TJX, the parent company of TJ Maxx,

By Juliana Liu, CNN Hong Kong (CNN) — China’s richest man has hit out at online shopping platforms, accusing them of starting price wars that have damaged a wide range of companies and industries as the country tackles an economic slump. And in extremely rare remarks that have been largely censored by state media, Zhong