Money

By Jeanne Sahadi, CNN New York (CNN) — The Federal Reserve’s benchmark interest rate remains at a 23-year high. That’s thanks to the central bank’s decision Wednesday to once again hold it steady, as it has done at the policy-making committee’s past five meetings. That decision may be disappointing to some investors, homebuyers and those

By Nathaniel Meyersohn, CNN New York (CNN) — Move over CrossFit, yoga and Peloton. Stretching sessions are the hot revival fitness fad. Studios like StretchLab, Stretch Zone, Lymbr and Stretch’d are popping up in strip malls and street corners, offering tight and achy people one-on-one stretching sessions with “flexologists” and “stretch therapists” for $100 or

By John Towfighi, CNN (CNN) — A classic American cookie is reimagining its ingredients. Chips Ahoy! is debuting a new recipe for its original cookie as the brand revamps its taste with improved chocolate chips, the company said. The original Chips Ahoy! cookie, known for its bright blue packaging, will look and feel the same, but with

By Scott McLean, Ipek Yezdani and Anna Cooban, CNN Istanbul/London (CNN) — Down a dimly lit alleyway tucked just inside Istanbul’s Grand Bazaar, a few dozen men are packed together, shouting, waving, and frantically speaking on their phones, others nervously pacing. This “standing market” — a low-rent version of a chaotic stock exchange floor —

CNN By Scott McLean, Ipek Yezdani and Anna Cooban, CNN Istanbul/London (CNN) — Down a dimly lit alleyway tucked just inside Istanbul’s Grand Bazaar, a few dozen men are packed together, shouting, waving, and frantically speaking on their phones, others nervously pacing. This “standing market” — a low-rent version of a chaotic stock exchange floor

By Chris Isidore, CNN New York (CNN) — Boeing will report a massive loss in the first quarter stemming from the Alaska Airlines door plug blowout on January 5, Chief Financial Officer Brian West said at an investor conference Wednesday. The beleaguered company said its commercial airplane unit’s operating profit margin would plunge to around

By Hanna Ziady, CNN London (CNN) — Luxury stocks tumbled in Europe Wednesday after a profit warning from the owner of Gucci laid bare a sharp slowdown in demand for high-end goods, especially in China. Shares of Kering plunged as much as 15% in Paris, while LVMH, Europe’s second-most valuable company and owner of brands

By Bryan Mena, CNN Washington, DC (CNN) — The Federal Reserve held its key interest rate steady Wednesday for the fifth consecutive meeting, as the central bank awaits more data to determine when to cut rates. The Fed has raised rates aggressively over the past two years in a bid to fight the highest inflation in decades. But while Americans continue to deal with

By Elisabeth Buchwald, CNN New York (CNN) — The US economy defied forecast after forecast predicting an imminent recession over the past two years. Instead, it grew beyond belief. A boom in immigration was part of the recipe, Federal Reserve Chair Jerome Powell said in a “60 Minutes” interview on CBS last month. But stricter

By Matt Egan, CNN New York (CNN) — The soft landing that once looked nearly impossible for the Federal Reserve to pull off is still on track. That’s the message from Jan Hatzius, the chief economist of Goldman Sachs. “Certainly, it doesn’t look like the economy is anywhere close to a recession,” Hatzius told CNN.

CNN By Melissa Alonso, CNN (CNN) — With no winner of the Mega Millions jackpot Tuesday, the jackpot for Friday’s drawing has climbed to an estimated $977 million, according to the lottery. While there was no big winner Tuesday, four players won at least $1 million, Mega Millions said. Tuesday’s winning numbers were: 24, 46, 49,

By Melissa Alonso, CNN (CNN) — With no winner of the Mega Millions jackpot Tuesday, the jackpot for Friday’s drawing has climbed to an estimated $977 million, according to the lottery. While there was no big winner Tuesday, four players won at least $1 million, Mega Millions said. Tuesday’s winning numbers were: 24, 46, 49, 62,

By Diksha Madhok, CNN New Delhi (CNN) — Five times the size of Paris. Visible from space. The world’s biggest energy plant. Enough electricity to power Switzerland. The scale of the project transforming swathes of barren salt desert on the edge of western India into one of the most important sources of clean energy anywhere

By Samantha Delouya, CNN (CNN) — Chipotle’s board announced that it approved a 50-for-1 stock split on Tuesday, which the company called one of the biggest stock splits in New York Stock Exchange history. That means a single share of Chipotle, worth $2,797.56 as of Tuesday’s stock market close, will be split into 50 smaller

By Ramishah Maruf, CNN New York (CNN) — Philanthropist MacKenzie Scott is giving away $640 million to 361 nonprofits, her organization — Yield Giving — and Lever for Change announced Tuesday, after an open call for applicants. More than 6,000 nonprofit organizations had applied for the funding. Scott ended up giving more than double what

By Ramishah Maruf, CNN New York (CNN) — Trader Joe’s is recalling select cashews from stores in 16 states because they may be contaminated with salmonella, the specialty grocer said Sunday. The affected 50% Less Salt Roasted and Salted Whole Cashews are sold in Alabama, Arkansas, Arizona, California, Colorado, Idaho, Kansas, Louisiana, New Mexico, Nevada,

By Olesya Dmitracova, CNN London (CNN) — The owner of Novo Nordisk, the drugmaker that gave the world Ozempic and Wegovy, is funding a new supercomputer powered by Nvidia’s artificial intelligence technology with a key aim of discovering new medicines and treatments. The Novo Nordisk Foundation has awarded France’s Eviden a contract to build what

By Matt Egan, CNN (CNN) — The House Education Committee formally requested a wide range of documents from the University of California, Berkeley on Tuesday as part of lawmakers’ growing investigation of antisemitism on college campuses. In a letter to UC Berkeley leaders, Rep. Virginia Foxx, the Republican chair of the committee, said lawmakers are

By Oliver Darcy, CNN (CNN) — Former President Donald Trump filed yet another lawsuit against the news media late Monday, accusing ABC News and George Stephanopoulos of defamation over assertions the anchor made in a combative interview. In an interview on “This Week,” Stephanopoulos pressed Republican Rep. Nancy Mace, a rape survivor, over her continued support

Reuters Washington DC (CNN) — The National Highway Traffic Safety Administration said on Monday it has opened an investigation into a recent Ford Mustang Mach-E fatal crash in San Antonio, Texas, where authorities suspect an advanced driver assistance system was in use. Driver assistance features are being hailed by automakers as a way to reduce accidents,