Money

By Matt Egan, CNN New York (CNN) — Former President Donald Trump’s trade agenda amounts to a tripling-down of the trade war he waged during his first term in office. Not only has Trump called for a 60% tariff on all Chinese goods, the presumptive GOP presidential nominee has said he would impose a tariff

By Raja Razek, CNN (CNN) — Elvis Presley’s granddaughter is suing to stop a foreclosure sale of the late singer’s historic Memphis home, Graceland, scheduled this week, alleging fraud and saying the purported company behind the sale doesn’t exist and has no rights to the property. Danielle Riley Keough, the granddaughter of Elvis and the

By Oliver Darcy, CNN (CNN) — Vox is preparing to celebrate its 10th birthday — making a major change to its business model that reflects how digital news publishers are scrambling to evolve as they are increasingly starved of referral traffic and advertising revenue. Not only will Vox debut a refreshed website on Tuesday morning to

By Elisabeth Buchwald, CNN New York (CNN) — Martin Gruenberg, head of the Federal Deposit Insurance Corporation, will step down following a scathing independent investigation detailing pervasive sexual harassment, discrimination and bullying at the agency charged with regulating the banking sector. “In light of recent events, I am prepared to step down from my responsibilities

By Matt Egan, CNN New York (CNN) — Trump Media & Technology Group lost more than $300 million during the first quarter and generated very little revenue, the owner of Truth Social announced in a press release Monday. The results will raise additional questions about the multi-billion dollar valuation on the newly public company, which

By Elisabeth Buchwald, CNN New York (CNN) — By many measures, the US economy is in great shape. There are millions of job openings and the unemployment rate is low. In fact it hasn’t been this low for such a long stretch of time in decades. If you just graduated college, there’s a good chance

By Krystal Hur, CNN New York (CNN) — Ivan Boesky, the infamous insider trader whose name became synonymous with financial greed and helped inspire the fictional character Gordon Gekko in the 1987 film “Wall Street,” has died. He was 87. His daughter, Marianne Boesky, confirmed to CNN on Monday that he died in his sleep.

By Nathaniel Meyersohn, CNN New York (CNN) — Last summer, Red Lobster made $20 endless shrimp a permanent menu item. Endless shrimp was a successful annual limited-time offer for Red Lobster for 20 years. But Red Lobster’s latest major shareholder, Thai Union, a Bangkok-based canned seafood company, saw the promotion as a way to sell

By Anna Cooban, CNN London (CNN) — Saudi Arabia’s national airline has placed an order for 105 Airbus airplanes in the largest-ever deal in the country’s aviation history — another win for troubled Boeing’s European rival. Ibrahim Al-Omar, director general of Saudia Group, the state-controlled owner of the Saudia airline and low-cost carrier Flyadeal, said Monday

By Elisabeth Buchwald, CNN New York (CNN) — Sen. Sherrod Brown, a Democrat who heads the Senate Banking Committee, is calling for a leadership overhaul at the Federal Deposit Insurance Corporation following a scathing 234-page report released earlier this month that detailed pervasive sexual harassment, discrimination and bullying at the agency. Brown stopped short of explicitly

By Brian Fung, Clare Duffy and Ramishah Maruf, CNN New York (CNN) — Actor Scarlett Johansson said in a statement shared with CNN on Monday that she was “shocked, angered and in disbelief” that OpenAI CEO Sam Altman would use a synthetic voice released with an update to ChatGPT “so eerily similar” to hers. The statement

CNN By Nathaniel Meyersohn, CNN New York (CNN) — Last summer, Red Lobster made $20 endless shrimp a permanent menu item. Endless shrimp was a successful annual limited-time offer for Red Lobster for 20 years. But Red Lobster’s latest major shareholder, Thai Union, a Bangkok-based canned seafood company, saw the promotion as a way to

By Jordan Valinsky, CNN New York (CNN) — Target has slashed prices on more than 1,500 popular items beginning immediately, ranging from butter to laundry detergent, as the retailer attempts to attract inflation-wary shoppers turned off by high prices. Prices have dropped effective Monday, with “thousands more price cuts” — amounting to 5,000 items —

By Nathaniel Meyersohn, CNN New York (CNN) — Red Lobster, which brought affordable shrimp and lobster to middle-class America and grew to become the largest seafood restaurant chain in the world, has filed for bankruptcy. The company said it had more than $1 billion in debt and less than $30 million in cash on hand.

By Jeanne Sahadi, CNN New York (CNN) — If you have savings and investments to support you in retirement — or, before then, if you take an unpaid leave from your job — you can put that money to work in ways that help cover your short-term income needs without sacrificing your long-term security. How

By Diksha Madhok and Hassan Tayir, CNN (CNN) — China has hinted at possible tit-for-tat action against trade barriers imposed by the United States last week, as relations between the two economic superpowers become increasingly fraught. On Sunday, China’s Ministry of Commerce said it was launching an anti-dumping probe into polyoxymethylene or POM copolymers, a

By Eva Rothenberg, CNN New York (CNN) — You can add Mickey, Minnie, Donald and Goofy to the growing list of workers seeking better employment benefits. After three days of voting last week, 1,700 Disneyland Resort cast members who play characters around the theme park in Anaheim, California, as well as perform at parades, voted

By Eva Rothenberg, CNN New York (CNN) — Minnesota government officials have struck a deal with rideshare companies Uber and Lyft to set minimum wage standards for drivers, lawmakers announced Saturday night. The agreement is the culmination of nearly a year of back and forth between Democratic state officials and the two companies, who threatened

By Danielle Wiener-Bronner, CNN New York (CNN) — Imagine you have $400 to spend on a luxury dining experience. You might treat yourself to a tin of premium caviar, a bottle or two of very fine wine or a multi-course meal at a high-end restaurant. Or you could blow it all on a single pineapple.

By Eva Rothenberg, CNN New York (CNN) — Universities across the United States have adopted a number of tactics in recent weeks to prevent disruptions by pro-Palestinian protesters at graduation ceremonies. Some universities have reached agreements with on-campus demonstrators, while others have cited safety concerns and canceled, postponed or relocated their schoolwide ceremonies. Several schools