Money

CNN By David Goldman and Matt Egan, CNN (CNN) — US stocks dropped sharply Monday — and chipmaker Nvidia lost nearly $600 billion in market value — after a surprise advancement from a Chinese artificial intelligence company, DeepSeek, threatened the aura of invincibility surrounding America’s technology industry. DeepSeek, a one-year-old startup, revealed a stunning capability

By Jordan Valinsky, CNN New York (CNN) — Changes at Starbucks might remind customers of the chain of the old. Beginning Monday, several policies are returning to Starbucks’ locations in United States and Canada — part of CEO Brian Niccol’s Herculean task of reversing sales and traffic declines at the struggling institution. The chain is

By Vanessa Yurkevich, CNN New York (CNN) — Celebrating football’s biggest game can bring big appetites. Buying Super Bowl fixings this year will cost about the same as last year, but the prices of individual products may seesaw, according to a Wells Fargo report. This year, store-bought Super Bowl snacks will cost just 0.1% more

By Chris Isidore, CNN New York (CNN) — The Trump administration is threatening a 25% tariff on all imports from Canada and Mexico as soon as Saturday — a move that would almost immediately impact car dealerships and factories in the United States. The tariffs would add a minimum of thousands of dollars to the

By David Goldman and Matt Egan, CNN (CNN) — US stocks dropped sharply Monday — and chipmaker Nvidia lost nearly $600 billion in market value — after a surprise advancement from a Chinese artificial intelligence company, DeepSeek, threatened the aura of invincibility surrounding America’s technology industry. DeepSeek, a one-year-old startup, revealed a stunning capability last

By Maria Sole Campinoti, CNN (CNN) — A new CEO took the reins at Kohl’s this month, hoping to reverse a long losing streak at America’s largest department store chain. But after years of declining sales, a sharp drop in stock value and waning customer trust, Ashley Buchanan could find the chain’s problems hard to

By Jeanne Sahadi, CNN (CNN) — Wildfires, raging floods, tornadoes and hurricanes can obliterate your home, but not your mortgage. The hard reality is that even when you live in a federally declared disaster area — like those ravaged by wildfires in Los Angeles County or battered by hurricanes in North Carolina and other states

By Jeanne Sahadi, CNN (CNN) — Monday marks the first day that the IRS will start accepting and processing 2024 income tax returns. So whether you’re in a rush to get your refund or just wondering how long you can postpone sending your return in, here’s what you need to know and some tips to

By Nayeli Jaramillo-Plata, CNN (CNN) — Madia Bellebuono, a University of Vermont graduate, spends her days in a Boston coffee shop scrolling through job openings on LinkedIn. Since earning her degree in strategic marketing and public communications in May 2024, she has applied for more than 300 jobs. Despite two internships, a strong GPA and

By Alicia Wallace, CNN (CNN) — Federal economic data is one of the purest forms of infrastructure, says Erica Groshen, a former commissioner at the Bureau of Labor Statistics. “These data keep our economy running as much as roads and bridges do,” she said. Policymakers, businesses, organizations and other entities rely heavily on the vast

By Auzinea Bacon, CNN (CNN) — Ben & Jerry’s on Friday amended a censorship lawsuit from November against parent company Unilever, claiming the consumer goods giant had suppressed a social media statement that mentioned President Donald Trump. The Vermont-based ice cream maker alleged in the complaint that its management and board sought to release the

By Auzinea Bacon, CNN (CNN) — Americans can continue to expect high prices for eggs this year, new estimates show, due to the ongoing avian flu outbreak and inflation. Egg prices are estimated to increase about 20% in 2025, compared to about 2.2% for food prices in general, according to the US Department of Agriculture’s

By Clare Duffy, CNN New York (CNN) — President Donald Trump on Wednesday batted down the national security concerns surrounding TikTok, saying, “Is it that important for China to be spying on young people? On young kids watching crazy videos?” It was a surprising comment coming from the guy who first tried to ban TikTok

By Nathaniel Meyersohn, CNN New York (CNN) — Some of the biggest brands in America, including Amazon, Meta, Walmart and McDonald’s, have recently changed or ended their diversity, equity and inclusion (DEI) programs. But e.l.f. Beauty, a popular cosmetics brand, is a rare company vocally touting its diversity efforts and inclusive marketing like its “So

By Nathaniel Meyersohn, CNN New York (CNN) — Coca-Cola lovers for more than a decade were forced to wash down their $1.50 hot dogs at Costco’s food courts with Pepsi. But Costco plans to bring back Coca-Coca at its food court soda fountains this summer and ditch its archrival. “We will be converting our food

CNN By Ramishah Maruf, CNN New York (CNN) — Elon Musk’s Department of Government Efficiency has a new target to cut down costs: the US penny. DOGE said on X that the penny costs over 3 cents to make and cost US taxpayers over $179 million in the 2023 fiscal year. “The Mint produced over

By Nathaniel Meyersohn, CNN New York (CNN) — Target is joining a wave of US companies pulling back on diversity, equity and inclusion (DEI) initiatives, as right-wing pressure leads companies to alter their commitment to hiring diverse candidates and expanding access. Target said in a statement Friday that it will end its three-year diversity, equity

CNN By Ramishah Maruf, CNN New York (CNN) — Elon Musk’s Department of Government Efficiency has a new target to cut down costs: the US penny. DOGE said on X that the penny costs over 3 cents to make and cost US taxpayers over $179 million in the 2023 fiscal year. “The Mint produced over

By Ramishah Maruf, CNN New York (CNN) — Elon Musk’s Department of Government Efficiency has a new target to cut down costs: the US penny. DOGE said on X that the penny costs over 3 cents to make and cost US taxpayers over $179 million in the 2023 fiscal year. “The Mint produced over 4.5