Money

By Chris Lau, CNN Hong Kong (CNN) — When the new iPhone 16 went on sale, locals couldn’t help but notice some less familiar faces flocking to Hong Kong’s Apple stores: Russians holding piles of cash. As new shoppers walked out of stores with the latest models, eager Russian buyers closed in to seal the deal, offering to buy

By John Towfighi, CNN (CNN) — Taylor Moses was awake all night when Hurricane Helene landed on her pecan farm in Georgia. Moses said she and her husband, Arren, knew the hurricane would take a toll on their 800 acres of pecan trees. Yet the devastation this September was astounding. The hurricane destroyed the entirety

By Auzinea Bacon, CNN (CNN) — Billionaire hedge fund manager Bill Ackman wants Pershing Square Holdings and Universal Music Group out of Euronext Amsterdam following attacks this week on Israeli soccer fans in the Dutch capital. “Concentrating the listing on one exchange, the (London Stock Exchange), and leaving a jurisdiction that fails to protect its

By David Goldman, CNN (CNN) — President-elect Donald Trump’s social media stock had been sinking fast after a short-lived, post-election-victory surge this week. Then, with a single post on Truth Social, he helped boost the stock again – and added a half billion dollars to his net worth as a result. At Friday’s market open,

By John Towfighi, CNN New York (CNN) — US stocks closed at record highs on Friday, notching their best week all year after Donald Trump’s victory in the US presidential election. The S&P 500 rose 0.38% on Friday, briefly crossing 6,000 points for the first time ever, before closing at about 5,996. The Dow rose

By John Towfighi, CNN (CNN) — If your artistic style is more stick-figure than Picasso, Microsoft has a remedy to boost your creativity: adding artificial intelligence to its Paint application. The company is rolling out new AI tools for Paint as part of a Windows 11 update. Microsoft — like its Big Tech competitors —

By David Goldman, CNN (CNN) — President-elect Donald Trump has promised steep across-the-board tariffs on imports to the United States, with a particularly significant tax on goods coming from China. One US company, just two days after Trump’s reelection, says it isn’t wasting time getting out of China. Steve Madden, a $3 billion shoe company,

By Hadas Gold, CNN New York (CNN) — President-elect Donald Trump has vowed to go after much of the media in his second term, threatening to jail journalists, revoke broadcast licenses and target outlets with a flurry of lawsuits. It’s a playbook he’s threatened to use before. During his first term in the White House,

By Nathaniel Meyersohn, CNN New York (CNN) — Pepperoni was getting out of hand at Hormel. The food giant last year was selling 71 different versions of its Hormel Pepperoni brand. There was diced pepperoni. Turkey pepperoni. Mini-slices of turkey pepperoni. Pepperoni sticks. Pepperoni with 50% less sodium. Pepperoni with 25% less fat. Thick-sliced pepperoni.

By Juliana Liu, CNN Hong Kong (CNN) — China has approved a 10 trillion yuan ($1.4 trillion) plan to bolster its ailing economy by allowing local governments to refinance their debt, unveiling additional stimulus measures to counter a potentially volatile growth path marked by the impending return of Donald Trump to the White House. Finance

By Erika Tulfo, CNN (CNN) – Margaret Atwood’s “The Handmaid’s Tale,” a novel set in a totalitarian society, has shot to the top of Amazon’s bestselling books list following Donald Trump’s reelection. It saw a whopping 6,866% surge in sales, according to Amazon figures early Thursday, skyrocketing in just one day to third place from

CNN By Bryan Mena, CNN Washington (CNN) — The Federal Reserve cut interest rates by a quarter point Thursday on the heels of the US presidential election earlier this week. Chair Jerome Powell also affirmed his commitment to serve out his term, expected to end in mid-2026, even if President-elect Donald Trump attempts to fire

By Ramishah Maruf, CNN New York (CNN) — Elwood Edwards, a behind-the-scenes graphics and camera operator at local Cleveland television station WKYC whose voice was propelled to worldwide fame after he recorded AOL’s email greeting, ‘You’ve Got Mail,’ has died, according to his former employer. He was 74. WKYC said he passed following an undisclosed

By Alicia Wallace, CNN (CNN) — US businesses large and small say they have been in “wait-and-see” mode amid election uncertainty. Now that there’s clarity as to who will be leading the country in January, we’re hoping to hear from small business owners about what’s changed for you. The-CNN-Wire™ & © 2024 Cable News Network,

By John Towfighi, CNN (CNN) — Volkswagen is recalling 114,478 vehicles in the US because of safety concerns over their airbags, the National Highway Traffic Safety Administration said Thursday. The recall includes certain 2006-07 Passat Sedans, 2012 to 2014 Passat models and 2017 Passat Wagons, as well as certain 2017 to 2019 Beetle and Beetle

By Hanna Ziady, CNN London (CNN) — President-elect Donald Trump’s proposed protectionist policies, including hefty tariffs, will hurt Europe’s economic standing — leaving crisis-hit Germany particularly vulnerable, Goldman Sachs predicts. Following Trump’s re-election, the investment bank cut its growth forecasts for the region, predicting fresh trade tensions with the United States, pressure on Europe to

By Jordan Valinsky, CNN New York (CNN) — Wednesday wasn’t just a good day for Donald Trump. The wealth of the world’s 10 richest people also soared by a record amount, according to Bloomberg’s Billionaire Index. The biggest gainer was Elon Musk, the world’s richest person and one of Trump’s most outspoken and dedicated supporters,

By Jordan Valinsky, CNN New York (CNN) — Craving a stack of IHOP pancakes with a side of Applebee’s riblets? That will soon become a reality in Texas with a new restaurant that unites the two chains under the same roof. Dine Brands, which owns the two restaurants, announced that the combined Applebee’s-IHOP restaurant will