Money

By Allison Morrow, CNN New York (CNN) — What do you get when you combine lower interest rates and a viral baby pygmy hippo? Moo Deng crypto. Given the sudden popularity of Moo Deng, the Thai national treasure whose name roughly translates as “bouncy pork,” it was only a matter of time before someone turned

By Ramishah Maruf, CNN New York (CNN) — Uber is cashing in on spooky season. The ridehailing company will now deliver costumes, makeup, and even decorations from Spirit Halloween, the largest Halloween retailer in North America, Uber announced in a press release Friday. Big-box retailers are getting into Halloween earlier and earlier, suggesting American consumers

By Krystal Hur, CNN New York (CNN) — The stock market is racking up record highs again. Investors are wasting no time moving into riskier assets from bitcoin to tech stocks after last week’s long-awaited rate cut from the Federal Reserve. Last week, the S&P 500 and Dow surged to new highs after the Fed

By Jordan Valinsky, CNN New York (CNN) — WeightWatchers CEO Sima Sistani, who pushed the company into embracing weight-loss drugs, is leaving the position after a two-and-a-half year stint. Under Sistani, the 61-year-old company bought a telehealth platform that connected patients with doctors who can prescribe weight-loss and diabetes drugs, including Ozempic and Wegovy, representing

By Elisabeth Buchwald, CNN New York (CNN) — Americans and Federal Reserve officials have news to celebrate: Inflation cooled significantly last month, likely giving central bankers more confidence to continue cutting interest rates. The Fed’s favorite inflation gauge, the Personal Consumption Expenditures price index, showed consumers paid 2.2% more for goods and services for the

By Juliana Liu, CNN Hong Kong (CNN) — The billionaire owner of French luxury powerhouse LVMH has seen his wealth inflate by $17 billion dollars in just one day, after China announced fresh moves to restore economic growth that some call the long-awaited “bazookas” needed to revive confidence. Bernard Arnault isn’t the only winner. China and

By Matt Egan, CNN (CNN) — A major Trump Media shareholder and former contestant on “The Apprentice” has unloaded almost his entire stake in former President Donald Trump’s social media company. Although the stock price has been volatile, that stake is worth roughly $100 million at current prices. United Atlantic Ventures, managed by Trump Media

By Pete Muntean, CNN (CNN) — The National Transportation Safety Board is issuing “urgent safety recommendations” for some Boeing 737s—including the embattled 737 MAX line— warning that critical flight controls could jam. The independent investigative agency is issuing the warning that an actuator attached to the rudder on some 737 NG and 737 MAX airplanes

By Marshall Cohen, CNN The pro-Trump cable outlet Newsmax and voting technology company Smartmatic settled a major defamation lawsuit Thursday in a last-minute agreement, averting a high-stakes trial over the airing of false 2020 election claims. The terms of the settlement were not immediately known. The deal comes hours after jury selection got underway in a Wilmington, Delaware, courtroom ahead of opening statements

By Jordan Valinsky and Brian Stelter, CNN New York (CNN) — Hoda Kotb, the co-host of NBC’s morning show, “Today,” is leaving her position early next year, she announced Thursday. Kotb, one of the most famous faces on NBC, has co-hosted the program with Savannah Guthrie since 2017, taking over from Matt Lauer, who was

By Chris Isidore, CNN New York (CNN) — Southwest Airlines’ substantial changes to its business and boarding process are coming – but not for a while. Open seating isn’t going away for more than a year. The airline said on Thursday that its passengers will be able to book a reserved seat in late 2025

By Jordan Valinsky, CNN New York (CNN) — Three things seem certain to happen in life: death, taxes and the prices of stamps going up. The United States Postal Service announced that First-Class postage, currently at 73 cents, will go up five times through 2027, according to a detailed document submitted this week to the Postal Regulatory

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — Longshore workers at ports from Maine to Texas are set to walk off the job early Tuesday, staging what could become the most disruptive strike to the US economy in decades. The strike could stop the flow of a wide variety of goods over

By Jordan Valinsky, CNN New York (CNN) — McDonald’s has become notorious for its broken ice cream machines — there’s even an independent website that monitors broken McFlurry machines. So Wendy’s is taking advantage. Wendy’s is selling small-sized, $1 Frosty frozen dairy desserts until September 30 — and it’s collaborating with McBroken, which reports which

By Hadas Gold, CNN New York (CNN) — The fate of Rupert Murdoch’s vast media empire, including Fox News, is now in the hands of a Reno probate commissioner, who will decide whether the 93-year-old media mogul can change his succession plan to preserve the right-wing editorial bent of his influential outlets. Murdoch and his eldest children descended on a Reno courthouse to appear for evidentiary hearings in a

By Bryan Mena, CNN Washington (CNN) — President Joe Biden proudly touts the return of manufacturing jobs to America — but despite the investments and subsidies, it’s an industry in the US that is now languishing after just barely recovering from the Covid-19 pandemic. And it’ll be tough for either Vice President Kamala Harris or

By Matt Egan, CNN (CNN) — Former President Donald Trump has promised to attack the United States affordability crisis by imposing immense tariffs, carrying out unprecedented deportations and even influencing interest rate decisions. However, a new analysis finds that the Republican presidential nominee’s plans for tariffs, deportations and the Federal Reserve would not only fail

By Marshall Cohen, CNN Washington (CNN) — Jury selection is set to begin Thursday in a closely watched defamation trial pitting voting technology company Smartmatic against the right-wing cable network Newsmax, in a high-stakes case over the airing of false 2020 election claims. Barring a last-minute settlement, which is common in cases like these, both sides are

By Clare Duffy, CNN New York (CNN) — OpenAI’s executive exodus is continuing with three top leaders announcing their exits Wednesday, including Chief Technology Officer Mira Murati. Murati — who has been instrumental in the development of ChatGPT and the artificial intelligence image generator Dall-E — said Wednesday afternoon in a post on X that

By Clare Duffy, CNN New York (CNN) — Facebook and Instagram users will now be able to talk to voices that sound a lot like John Cena and Judi Dench. They won’t be the real actors, though, but an artificial intelligence chatbot. Parent company Meta (META) announced Wednesday that it is adding voice conversations and