Money

By Matt Egan, CNN New York (CNN) — Larry Summers has some unsolicited advice for President-elect Donald Trump: Don’t keep your campaign promises — unless you want to send prices skyrocketing once again. Summers, the famed economist and former Clinton-era Treasury secretary, is alarmed by the potential impact of Trump’s proposals to slash taxes, spike

By Jordan Valinsky, CNN New York (CNN) — Amazon is targeting retail rivals Shein, Temu and TikTok Shop with a new deeply discounted storefront that sells a wide array of products for $20 or less. Called “Amazon Haul,” the mobile-only experience debuted Wednesday in the Amazon app and has everything from fashion accessories to home

By Chris Isidore, CNN New York (CNN) — Spirit Airlines’ shares plunged more than 50% in early trading Wednesday, following a report that it is preparing to file bankruptcy — and the company’s announcement that it won’t report quarterly financial results because it’s scrambling to reach a deal with creditors. A Wall Street Journal report

By Brian Stelter, CNN New York (CNN) — Two years ago, Pete Hegseth relocated his family from New Jersey, near Fox News headquarters, to a small town outside of Nashville, Tennessee. The red state move was on-brand for the “Fox & Friends” co-host, who takes his kids shooting, posts pictures wearing anti-President Biden slogans, and

By Alicia Wallace, CNN (CNN) — The annual rate of inflation moved higher last month for the first time since March, as expected — but economists say the underlying trend remains favorable for another round of interest rate cuts. Consumer prices rose 0.2% last month and were up 2.6% from the year before, according to

By Liam Reilly and Hadas Gold, CNN New York (CNN) — In the month since Los Angeles Times owner Dr. Patrick Soon-Shiong announced the newspaper would not endorse a candidate in the presidential election, the Times has been reeling from the decision. Three members of the paper’s editorial board resigned, scores of staffers openly protested,

By Jeanne Sahadi, CNN (CNN) — In the past few years, a growing number of states have put laws on their books requiring employers to disclose pay ranges for open positions — either in their job postings or during the hiring process. Today, Washington, DC, and 13 states have pay transparency laws in place: California,

By Meena Duerson, CNN (CNN) — Last summer, Kristen and Eric Rezabek were feeling pinched. Eric was considering taking on a four-hour commute for higher paying jobs, while Kristen, who works two jobs, planned to add a full day to her already full-time work schedule to help cover their family’s expenses. Then, their employer presented

By Madeline Holcombe, CNN (CNN) — Lunchables will no longer be on the menu at schools around the United States. Kraft Heinz, the company that produces Lunchables, announced Tuesday that it will remove the meal kits from the National School Lunch Program. The company pulled the product because demand did not reach its targets, but

By Bryan Mena, CNN Washington (CNN) — Latino voters in key battleground states were crucial in handing president-elect Donald Trump his victory over Vice President Kamala Harris. The economy was also a top voter issue in this year’s election. Republican candidates have steadily gained ground in recent years with the working-class Latino electorate — a

By Hadas Gold, CNN New York (CNN) — On Wednesday morning, conspiracy theorist Alex Jones’ notorious Infowars media empire will go up for auction in a court-mandated sale, and at least one bid is in the “seven-figure” range, a person familiar with the matter told CNN. That bid is from an individual described as an

CNN By Clare Duffy, CNN New York (CNN) — Sexist and abusive attacks on women, like “your body, my choice” and “get back to the kitchen,” have surged across social media since Donald Trump’s reelection, according to an analysis from the Institute for Strategic Dialogue. An X post from White nationalist and Holocaust denier Nick

By Matt Egan, CNN New York (CNN) — When many were celebrating the remarkable economic recovery from the pandemic in the spring of 2021, Larry Summers warned the White House and the rest of Washington that inflation was a real danger. That warning proved to be prescient. Price spikes engulfed the US economy, crushed consumers

By Ramishah Maruf, CNN New York (CNN) — No, not the recipe itself. Just the literal phrase. Last week, KFC accused Church’s Texas Chicken of violating its trademark rights when its fried chicken competitor began using the words “Original Recipe” in its advertising and promotions. KFC claimed in a lawsuit that beginning September 30, it

By Jordan Valinsky, CNN New York (CNN) — Kum & Go, the Midwestern gas station chain that gained national fame for the immature snickers its name often receives, is making a change. Maverik, a rival chain that bought Kum & Go in 2023, announced that it’s in “process of rebranding Kum & Go stores, with

By Chris Isidore, CNN New York (CNN) — Boeing’s most immediate problem – an eight-week strike by 33,000 workers – is over. But its more serious problems – ongoing massive losses, quality and safety problems – are as bad as ever, and could even get worse. The last of those strikers return to work on

By Jordan Valinsky, CNN New York (CNN) — Hush puppies, once a staple on Red Lobster’s menu, are coming back. It’s part of broader changes at the chain, which recently emerged from bankruptcy and is now under the control of a 35-year-old CEO hoping to turn around the seafood restaurant chain’s fortunes. Rolling out this

By Clare Duffy, CNN New York (CNN) — “All we have to have is just a human form to be a victim.” That’s how lawyer Carrie Goldberg describes the risk of deepfake porn in the age of artificial intelligence. While revenge porn — or the nonconsensual sharing of sexual images — has been around for

By Matt Egan, CNN (CNN) — Donald Trump is returning to the White House, and the stock market is loving it. Investors, relieved to have a clear-cut election winner and fired up about the prospect of tax cuts and deregulation, have sent US stocks zooming higher. The Dow Jones Industrial Average closed above 44,000 on

By Elisabeth Buchwald, CNN New York (CNN) — President-elect Donald Trump’s return to the White House already carried the potential for sweeping changes to the Federal Reserve. But now a growing question is not how the central bank will operate under Trump but if it’ll continue to operate at all. Elon Musk, a key Trump