Money

By Bryan Mena, CNN Washington (CNN) — Federal Reserve officials are convening Tuesday and Wednesday for a pivotal meeting under unprecedented circumstances. On Wednesday at the conclusion of their two-day policy meeting, central bankers are expected to announce their first interest rate cut since December to support America’s slowing labor market, with the hopes that

By Bryan Mena, CNN Washington (CNN) — Americans still opened their wallets last month, despite persistent fears about the economy, a slowing labor market and higher tariffs. Spending at US retailers rose 0.6% in August, the Commerce Department said Tuesday, unchanged from July’s upwardly revised 0.6%. Last month’s figure came in much better than economists’

By Matt Egan, CNN New York (CNN) — Credit scores are falling at the fastest pace since the Great Recession as Americans struggle to keep up with the high cost of living and the return of student debt payments. The national average FICO score dropped by two points this year, the most since 2009, according

By Chris Isidore, CNN (CNN) — For nearly 60 years, Publishers Clearing House had been known for changing individuals’ lives, fulfilling their dreams with prize money it promised would keep coming for as long as they lived. But now the company is in bankruptcy, and winners’ dreams have turned into nightmares. ARB Interactive, a mobile

By Clare Duffy, CNN New York (CNN) — In the late 1970s, a startup founded by Larry Ellison and two fellow computer programmers got a big break in the form of a CIA contract to build a database program code-named Oracle, which later became the name of the company. Now, nearly 50 years after its

By Jeanne Sahadi, CNN (CNN) — With so many unsettling things happening beyond your — or any individual’s — control, it sometimes can help to proactively do something concrete that would be helpful to you and your family. Take, as just one example, the state of the US economy. There is no shortage of confusing

By Brian Stelter, Hanna Park, CNN (CNN) — President Donald Trump says he is filing an audacious lawsuit against The New York Times, alleging defamation and accusing the outlet of being a “virtual mouthpiece” for the Democratic Party. The lawsuit demands $15 billion in damages, which exceeds the entire market cap of The New York

By Elisabeth Buchwald, Dan Berman, CNN (CNN) — President Donald Trump cannot remove Lisa Cook from the Federal Reserve’s Board of Governors for now, a federal appeals court said in an emergency ruling Monday, just hours before the central bank’s two-day monetary policy meeting was set to kick off. The decision from the US Court

By Bryan Mena, Morgan Rimmer, CNN (CNN) — Stephen Miran, one of President Donald Trump’s top economic advisers, on Monday was confirmed by the Senate to serve on the Federal Reserve’s powerful Board of Governors, hours before the Fed’s two day monetary policy meeting begins. The Senate voted 48-47 to confirm Miran. Sen. Lisa Murkowski

By Brian Stelter, CNN (CNN) — Longtime Washington Post writer Karen Attiah says she has been fired from the publication’s Opinions department for “speaking out against political violence, racial double standards, and America’s apathy toward guns.” The Post, which has been overhauling the entire department, declined to comment on personnel matters. But Attiah’s Post biography

By Brian Stelter, CNN (CNN) — Two suspects are in custody after an incendiary device was found under a vehicle belonging to KSTU, a local TV station known as Fox 13 News Utah. The incendiary device “had been lit but failed to function as designed,” according to court records obtained by CNN affiliate KUTV. The

CNN By David Goldman, Lucy Bayly, CNN (CNN) — A deal has been reached between the Trump administration and China to keep TikTok operational in the United States, administration officials announced Monday, concluding a yearslong effort that began during President Donald Trump’s first term. US Treasury Secretary Scott Bessent said that a framework agreement has

By Matt Egan, CNN New York (CNN) — In his latest bid to reshape the American economy, President Donald Trump has endorsed ending the decades-long practice of public companies sharing their financial results once each quarter. Such a move would represent a dramatic shift aimed at combating short-term thinking inside C-Suites obsessed with pleasing investors

By David Goldman, CNN (CNN) — A deal has been reached between the Trump administration and China to keep TikTok operational in the United States, administration officials announced Monday, concluding a yearslong effort that began during President Donald Trump’s first term. US Treasury Secretary Scott Bessent said that a framework agreement has been reached, and

By Chris Isidore, CNN (CNN) — Elon Musk just spent $1 billion of his own money to buy additional shares Tesla, giving the previously battered stock the vote of confidence needed to complete a comeback and turn positive for the year. The purchase, made Friday and disclosed in a filing Monday, represents a rare action

By Christopher Lamb, CNN (CNN) — Pope Leo XIV has criticized how the salaries of chief executives dwarf those of their employees, singling out Tesla’s trillion-dollar compensation package for Elon Musk. Leo, speaking during his first sit-down media interview, cited income inequality as one of the factors behind polarization in society. “CEOs that 60 years

WLS By Christopher Lamb, CNN (CNN) — Pope Leo XIV has criticized how the salaries of chief executives dwarf those of their employees, singling out Tesla’s trillion-dollar compensation package for Elon Musk. Leo, speaking during his first sit-down media interview, cited income inequality as one of the factors behind polarization in society. “CEOs that 60

By Nectar Gan, David Goldman, CNN Hong Kong (CNN) — China significantly escalated its trade standoff with the United States Monday, saying that tech giant Nvidia, the most valuable company on the US stock market and a key provider of artificial-intelligence chips, had violated anti-monopoly laws. Chinese regulators’ announcement of the results of their preliminary

By Lisa Eadicicco, CNN New York (CNN) — Meta CEO Mark Zuckerberg made a bold claim on the social media giant’s earnings call in July. People without smart glasses may one day be at a “significant cognitive disadvantage” compared to those who do use the tech, he told analysts. That vision for the company’s future

By Lex Harvey and Svitlana Vlasova, CNN (CNN) — A brief global outage of Elon Musk’s satellite internet service Starlink on Monday affected tens of thousands of people, including Ukrainian military forces across the entire frontline. More than 37,000 US users were reporting issues with the internet service Monday at 12:30 a.m. ET, according to