Money

Natasha Chen, Jack Hannah, and Conor Powell, CNN (CNN) — The Hawaii Tourism Authority announced Friday it approved more than $2 million to help rebuild Hawaii’s struggling tourism industry. The agency said West Maui accounts for 15% of Hawaii’s total tourism revenue, and since the deadly wildfires, the state has lost roughly $9 million per

By Samantha Delouya, CNN Los Angeles (CNN) — On what is usually the first Friday of every month, the US Bureau of Labor Statistics releases its Employment Situation Summary, or monthly jobs report, formally known as the “nonfarm payroll” report. It’s an economic snapshot that provides crucial information about job losses and gains and the

By Samantha Delouya, CNN (CNN) — It’s a tale of two retailers. One reported strong sales on Thursday, while the other warned it may experience a sales decline for the year. Earnings reports this week from two companies — the higher-end Lululemon and the discount chain Dollar General — show how inflation and the post-pandemic

By Bryan Mena, CNN Washington, DC (CNN) — The long-robust US job market is continuing to cool, according to several economic indicators released this week. That marks some progress for the Federal Reserve, which is looking for weaker job creation and an overall slowdown in demand in order to defeat inflation. Specifically, Fed Chair Jerome

By Parija Kavilanz, CNN Business New York (CNN) — Parents aren’t alone in feeling the extra pinch in the wallet this year in paying for back-to-school necessities. Teachers, too, are digging deeper to meet their classroom needs out of pocket. Sarah Adkins, a third grader teacher with Pennoyer School District 79, a Northwest Chicago surburban

By Danielle Wiener-Bronner, CNN New York (CNN) — If you stroll through the real or virtual aisles of a Japanese store, you might find Kit Kats in flavors like salt lemon, caramel pudding, whole grain biscuit, melon, and milk tea. Good luck finding those at Target or Walmart in the US. Kit Kat aficionados know

By Brian Fung and Clare Duffy, CNN (CNN) — X, the social media platform formerly known as Twitter, said this week it may collect biometric and employment information from its users — expanding the range of personal information that account-holders may be exposing to the site. The disclosures came in an update to the company’s

By Greg Wallace, CNN (CNN) — As an increasing number of passengers are acting out on crowded aircraft this summer, Transportation Secretary Pete Buttigieg has an admonition for passengers. “If you’re onboard an airplane, do not get in the way of the flight crew,” he said Friday before boarding a flight at O’Hare International Airport

By Allison Morrow, CNN New York (CNN) — Robinhood Markets has repurchased $605 million worth of shares that previously belonged to Sam Bankman-Fried, the disgraced crypto mogul, capping a contentious ownership dispute. Robinhood, which runs the popular commission-free stock trading app, said in regulatory filing Friday that it bought more than 55 million of its

By Olesya Dmitracova, CNN London (CNN) — Shares in Europe’s largest carmaker Volkswagen and its French rival Renault dropped sharply Friday after UBS analysts recommended investors dump the stocks, citing the growing threat to their business from Chinese competitors. Volkswagen was down 4.4% in late afternoon trade in Europe and Renault 5.6% lower, while the

By Eva Rothenberg, CNN New York (CNN) — The Federal Trade Commission will allow pharmaceutical giant Amgen to move ahead with its acquisition of Horizon Therapeutics, averting a trial set for September. In a news release Friday, the US antitrust regulator said it accepted a proposal from Amgen that would allow the $27.8 billion deal

CNN By Elisabeth Buchwald, CNN New York (CNN) — Usually when the economy adds a lot of jobs in a given month the unemployment rate ticks down. That wasn’t the case in August. Despite the 187,000 new jobs added last month, the unemployment rate rose to 3.8% from 3.5% in July. That’s the biggest one-month

By Elisabeth Buchwald, CNN New York (CNN) — Usually when the economy adds a lot of jobs in a given month the unemployment rate ticks down. That wasn’t the case in August. Despite the 187,000 new jobs added last month, the unemployment rate rose to 3.8% from 3.5% in July. That’s the biggest one-month jump

By Mark Thompson, CNN London (CNN) — Indian billionaire Gautam Adani’s conglomerate has slammed what it described as “Soros-funded interests” after media outlets claimed the Adani Group had used complex and secretive offshore operations to boost its market value, citing documents obtained by a network of investigative journalists. The documents were unearthed by the non-profit

CNN By Eva Rothenberg (CNN) — Taylor Swift’s concert film has already broken theater records more than a month ahead of its October 13 release. AMC Theaters said Friday that the singer’s Eras Tour concert movie “shattered records for single-day advance ticket sales revenue,” with $26 million of tickets sold on Thursday. It beat the

By Eva Rothenberg (CNN) — Taylor Swift’s concert film has already broken theater records more than a month ahead of its October 13 release. AMC Theaters said Friday that the singer’s Eras Tour concert movie “shattered records for single-day advance ticket sales revenue,” with $26 million of tickets sold on Thursday. It beat the previous

By Olesya Dmitracova, CNN London (CNN) — Aurubis, Europe’s largest copper producer, says it has been the target of a huge theft, with damages running into hundreds of millions of euros. “During a scheduled review of metal inventories, Aurubis has identified considerable discrepancies in target inventory,” the German company said Thursday in a statement. Aurubis

By Michael Nam, CNN Business New York (CNN) — Fans of sports and other Disney offerings are going to have to do without on one of the nation’s largest cable providers. Disney pulled its programming from Charter Spectrum on Thursday night, even as the Disney-owned ESPN networks were covering major live sporting events such as

By Parija Kavilanz, CNN New York (CNN) — Walgreens Boots Alliance on Friday said that CEO Rosalind Brewer has stepped down less than three years after taking the helm at the pharmacy chain. The retailer said in a release that its board and Brewer, who was reportedly one of only two Black women to lead