Money

By Nathaniel Meyersohn, CNN New York (CNN) — Chili’s is on fire. Chili’s sales at restaurants open for at least a year increased a whopping 31% last quarter. It was Chili’s third-straight quarter of double-digit sales growth, and the results drove parent company Brinker International’s (EAT) stock up 16% on Wednesday. The restaurant chain’s growth

By Kaitlan Collins, CNN (CNN) — President Trump signed a settlement agreement at the White House Wednesday to end the lawsuit he brought against Meta after the company suspended his account in the aftermath of the January 6 attack on the Capitol, according to a person familiar with the matter. Trump signed the agreement that,

By Chris Isidore, CNN New York (CNN) — Tesla posted a rare earnings miss for the last quarter of 2024, coupled with disappointing results amid weak sales and revenue leading to thinning profit margins. Shares of Tesla (TSLA), which had gotten a lift since the election on hopes that the company would benefit from the

By Brian Stelter, CNN (CNN) — Fox, the broadcaster of this year’s Super Bowl matchup, originally sought about $7 million for 30 seconds of ad time during the game, the highest-rated event in the United States. But corporate demand has surpassed even Fox’s expensive ambitions. The network has sold at least 10 of its Super

By Chris Isidore, CNN New York (CNN) — Elon Musk used his new government efficiency role to stop by the operations of his competitor Boeing to look into the long-delayed efforts to renovate two 747 jets into the next generation of Air Force One jets, Boeing CEO Kelly Ortberg said Tuesday. In an interview with

By Matt Egan, CNN Washington (CNN) — Truth Social owner Trump Media & Technology Group announced Wednesday it plans to expand into financial services and potentially buy bitcoin and other cryptocurrencies. Shares of Trump Media (DJT) climbed 8% on the news. Trump Media said it plans to launch a fintech brand called Truth.Fi and to

By Jordan Valinsky, CNN New York (CNN) — Save the Music, the nonprofit foundation that grew in popularity on cable TV in the late 1990s through the 2000s, is going indie. Paramount Global is ending its financial support for the nearly 30-year-old program that promotes music education in public schools, the foundation announced Wednesday. As

By Chris Isidore, CNN New York (CNN) — The US government has many ways to funnel financial support to businesses, both large and small, helping them to do research and development, expand operations, hire and pay staff, and compete in the global market place. Just about all of those means of financial support were up

By Jordan Valinsky, CNN New York (CNN) — Frontier Airlines is making another offer to merge with bankrupt Spirit Airlines, less than two years after a previous plan fell through. Frontier said in a statement Wednesday that the transaction “would provide meaningful value to Spirit financial stakeholders” and create a “stronger low-cost carrier” that would

By Jordan Valinsky, CNN New York (CNN) — Starbucks is set to eliminate a significant number of drinks and food options in the coming months as part of the company’s plan to simplify its offerings, reduce wait times and improve its customer experience. CEO Brian Niccol outlined the plan on Starbucks’ earnings call Tuesday, saying

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve on Wednesday hit pause on interest rate cuts in its first key decision of President Donald Trump’s second term. It’s a move that’s likely to stoke tensions between the central bank and the new president, who has argued that he should have some say in

By Clare Duffy, CNN New York (CNN) — Silicon Valley is coming to grips this week with the realization that creating an advanced artificial intelligence model may no longer be as specialized a task as was once believed. The wakeup call came in the form of DeepSeek, a year-old Chinese start-up whose free, open-source AI

By Anna Cooban, CNN London (CNN) — On Sunday, an undersea cable ferrying data between Sweden and Latvia was damaged, most likely as a result of an external force, Latvia said. This is just the latest in a string of incidents since late 2022 leading to damage to Europe’s infrastructure that crisscrosses the bottom of

By Vanessa Yurkevich and Ramishah Maruf, CNN New York (CNN) — At her first White House briefing, Press Secretary Karoline Leavitt made an unusual claim about the inflation that has stung American shoppers for years: Leavitt said egg prices have continued to surge because “the Biden administration and the Department of Agriculture directed the mass

By Vanessa Yurkevich, CNN New York (CNN) — Coffee prices hit a new high Monday, the day after President Donald Trump threatened – and then reversed course on – a 25% tariff on Colombia during a spat about deportation flights from the US. And the price is still rising. Even though the tariff never went

By David Goldman and Elisabeth Buchwald, CNN (CNN) — President Donald Trump has been talking about tariffs for so long that it feels like we know exactly what’s coming. But we kind of have no idea. Trump has repeatedly thrown out some now-familiar numbers: 25% tariffs on all imports from Mexico and Canada, anywhere from

By Jordan Valinsky, CNN New York (CNN) — The “swicy” trend is far from over. In fact, a spice that combines both the sweet and spicy trends is about to have a breakthrough year. McCormick, the top-selling maker of seasonings and spices, has named ají amarillo as its 2025 “Flavor of the Year.” The 25th

By Jordan Valinsky, CNN New York (CNN) — Google is complying with President Donald Trump’s executive action that renamed the Gulf of Mexico to the Gulf of America. Soon, the name change will appear on Google Maps. In a post on X, Google explained that it has a “longstanding practice of applying name changes when

By Chris Isidore, CNN New York (CNN) — Tesla will likely report thinner profit margins in its quarterly and full-year results Wednesday, a result of its first drop in annual sales in its history last year and a price war in the EV sector from increased competition. But the company’s large swaths of investors seem

By Chris Isidore, CNN New York (CNN) — General Motors reported a record adjusted net income for 2024 on Tuesday, just a year after the costly strike by the United Auto Workers union, and said it expects even better operating results in the year ahead. But the company admitted a number of policy headwinds from