Money

By Eva Rothenberg, CNN New York (CNN) — Right-wing media mogul Rupert Murdoch tied the knot Saturday for the fifth time, according to British tabloid newspaper the Sun. The Sun, which is owned by Murdoch, released photos of the 93-year-old Australian billionaire alongside his 67-year-old wife, retired molecular biologist Elena Zhukova, at his vineyard in

By Anna Cooban, CNN London (CNN) — The Organization of the Petroleum Exporting Countries and its allies — a group of leading oil producers known as OPEC+ — agreed Sunday to extend production cuts announced last year into 2025. The group said in a statement it would extend a cut of 1.65 million barrels per day,

By Parija Kavilanz, CNN New York (CNN) — Americans should prepare for a sizzling hot summer, and not just because of rising temperatures. Consumers are bravely opening their palate to bolder, spicier, more fiery flavors and the marketplace for foods and drinks is happily obliging them. Walk into a Walmart, Target, a corner 7-Eleven, pretty

By Danielle Wiener-Bronner, CNN New York (CNN) — Cracker Barrel CEO Julie Felss Masino recently gave a devastatingly frank assessment of the brand: “We’re just not as relevant as we once were.” Masino, who became CEO in July, laid out the diagnosis — and the remedies — in a May presentation to analysts. And it

By Samantha Delouya, CNN (CNN) — June 1 marks the official start of hurricane season in the Atlantic Ocean, and meteorologists predict it will be “extremely active,” with the potential for seven major hurricanes – the most destructive categories. And as insurance companies struggle to stay afloat, battered by elevated inflation and the growing frequency of catastrophic

By Jeanne Sahadi, CNN New York (CNN) — Moving somewhere new when you retire isn’t uncommon. But deciding whether to take out a new mortgage to buy a home is a big deal. Much of your financial life is changing as you transition from a steady paycheck to a mix of fixed and variable income

By Ramishah Maruf, CNN New York (CNN) — Live Nation said a hacker is offering alleged user data primarily from Ticketmaster for sale on the dark web in a regulatory filing Friday. Live Nation said it identified “unauthorized activity” on May 20 and launched a probe with forensic investigators into the potential hack. Live Nation

By Oliver Darcy, CNN (CNN) — Salem Media Group, the right-wing talk radio network owner, issued a public apology and said it would stop distributing a discredited 2020 election conspiracy theory film after a Georgia man wrongly accused of voter fraud sued the company for defamation. The Georgia man, Mark Andrews, said in his 2022 lawsuit that “2000 Mules,” a film and book by far-right activist Dinesh D’Souza

By Allison Morrow, CNN New York (CNN) — Two influential advisory firms have urged shareholders to vote against Elon Musk’s contentious $51 billion pay package and raised concerns about the CEO’s numerous side projects. On Friday, Institutional Shareholder Services called the package “excessive” and noted that shareholder concerns “have not been sufficiently mitigated” since the

By Brian Fung, CNN Washington (CNN) — The Affordable Connectivity Program, which helped low-income Americans get online, is no more. On Friday, the US government announced the final closure of the broadly popular federal program, which has helped tens of millions of households afford internet service, after Republicans in Congress ignored calls by consumer advocates

By Donie O’Sullivan and Sean Lyngaas, CNN New York (CNN) — On online forums that have previously been linked to mass shootings, people are threatening violence and attempting to publicly identify the 12 New York jurors who on Thursday decided to convict former President Donald Trump. The calls for retribution began immediately after the verdict was announced.

By Nathaniel Meyersohn, CNN New York (CNN) — Costco’s new chief financial officer has a reassuring message for inflation-weary customers: don’t worry about the price of the $1.50 hot dog-soda combo. “To clear up some recent media speculation, I also want to confirm the $1.50 hot dog price is safe,” Costco CFO Gary Millerchip said on an earnings call with analysts Thursday. It was Millerchip’s first earnings call with analysts since taking

Reuters (CNN) — Tesla is recalling 125,227 vehicles in the United States due to a malfunction in its seat belt warning system that can increase the risk of injury in a collision, the National Highway Traffic Safety Administration said on Friday. The regulator said the vehicles failed to comply with the federal safety requirements as their seat belt

By Danielle Wiener-Bronner, CNN New York (CNN) — For years, restaurant executives had a confident message for investors: We’re raising prices, and customers don’t care. Well, now diners do — and fast food chains, especially, are rapidly changing course. Frustrated diners are complaining online about how expensive fast food has become. Low-income consumers in particular are

By Samantha Delouya, CNN (CNN) — For homebuyers struggling to afford a home amid stubbornly high mortgage rates and surging prices, there’s a little-known workaround that can help turn back the clock to the days of ultra-low monthly mortgage payments. But it comes with a few caveats. Assumable mortgages are loans that allow a homebuyer

By Matt Egan, CNN New York (CNN) — A criminal conviction isn’t typically a market-moving event. But the historic conviction of former President Donald Trump is causing extreme turbulence for Truth Social owner Trump Media & Technology Group. Trump Media – a notoriously volatile stock since debuting in late March – has swung between steep

By Alicia Wallace, CNN (CNN) — Inflation in April remained at the same stubbornly high level as in March. That means costs continued to rise too fast for consumers, and the Federal Reserve has more work to do in its fight against rising prices. The Personal Consumption Expenditures price index — a closely watched inflation gauge that the

By Diksha Madhok, CNN New Delhi (CNN) — India’s economy grew by more than 8% in the fiscal year that ended in March, according to data published Friday that gives a boost to Prime Minister Narendra Modi just hours before the country concludes its mammoth, weeks-long national election. Gross domestic product (GDP) increased by 8.2%, according

By Peter Valdes-Dapena and Ramishah Maruf, CNN (CNN) — The United States Department of Labor alleged on Thursday that Hyundai and two of its supplier companies illegally employed a 13-year-old who was kept working up 60 hours a week on an assembly line in Alabama. In a new complaint, the department alleges Best Practice, a

By Anna Cooban, CNN London (CNN) — Inflation in Europe has ticked up for the first time in five months, casting doubt on the possibility of a steady stream of interest rate cuts by the European Central Bank over the next few months. Annual consumer price inflation in the 20 countries that use the euro