Money

By Chris Isidore, Allison Main, Manu Raju, Casey Riddle, CNN (CNN) — Commerce Secretary Howard Lutnick confirmed on Tuesday that he and his family had lunch with Jeffrey Epstein on the disgraced financier and convicted sex offender’s Caribbean island in 2012, even as he insisted the two did not have a relationship. “I did have

By Andrew Kirell, CNN (CNN) — Paramount on Tuesday moved again to sweeten its hostile bid for Warner Bros. Discovery, escalating its effort to derail the company’s pending acquisition by Netflix. The David Ellison-led entertainment empire said it would pay Warner Bros. Discovery shareholders (WBD) approximately $650 million for each quarter the Netflix deal is

By Chris Isidore, CNN (CNN) — McDonald’s is offering a few customers a special Valentine’s meal this year – Chicken McNuggets and caviar. Starting at 11 am ET on Tuesday, McDonald’s is giving away a limited number of kits including caviar and a gift card for McNuggets at mcnuggetcaviar.com/countdown. The giveaway underscores the lengths restaurants

By Hanna Ziady, CNN London (CNN) — The United States has fallen to its worst-ever position in a leading global index that measures perception of corruption in the public sector among independent experts and businesspeople. The world’s most powerful democracy last year slipped one notch to 29th place, out of 182, in Transparency International’s Corruption

By Bryan Mena, Alicia Wallace, CNN Washington (CNN) — The US economy’s engine may be starting to sputter, as Americans’ paychecks lose steam and their debt becomes even more unwieldy, new data showed Tuesday. Retail sales were unexpectedly flat in the crucial holiday month of December, the Commerce Department said, well below the 0.4% gain

By Alicia Wallace, CNN (CNN) — We’ll get a first look Wednesday at the state of the US job market as 2026 kicked off, as well as a clearer picture of hiring in 2025. The Bureau of Labor Statistics is set to release the January jobs report at 8:30 am ET Wednesday. The crucial employment

By Auzinea Bacon, CNN (CNN) — Eddie Bauer LLC, the retail operator of Eddie Bauer’s North America stores, filed for Chapter 11 bankruptcy protection on Monday and hopes to sell about 200 of its namesake outdoor sportswear stores in the United States and Canada, citing declining sales and supply chain challenges. The company said its

By Clare Duffy, Samantha Delouya, CNN Los Angeles (CNN) — Lawyers for a now-20-year-old woman argued that addictive features harmed her mental health as opening statements began Monday in a landmark trial against Meta and YouTube, the first of hundreds of similar cases to go to trial. The plaintiff — identified by her first name,

By Lisa Eadicicco, CNN (CNN) — Want to understand how artificial intelligence could change your job? Look to radiology as a clue. Radiology has become a recent talking point in the AI race. It was mentioned multiple times last month by tech executives at the World Economic Forum in Davos as well as in a

By Jeanne Sahadi, CNN (CNN) — There has been a lot of attention paid to the new Trump Accounts – especially the promised $1,000 federal government contributions for eligible newborns and the public declarations by companies and philanthropists that they will be making contributions, too. But the fine print on exactly how the accounts will

By Samantha Delouya, CNN (CNN) — President Donald Trump has vowed to tackle the housing affordability crisis, but the White House has offered few details about its plans. Now, a bipartisan group in Congress is moving forward with its own solution. On Monday, the House of Representatives passed a bill, called the Housing for the

By Andrew Kirell, Brian Stelter, CNN (CNN) — The Washington Post’s publisher and CEO Will Lewis has abruptly stepped down, just days after the newspaper laid off one-third of its staff, including at least 300 journalists in the newsroom. Post journalists, who believed Lewis had failed to turn around the publication’s fortunes, openly celebrated the

By Julian Torres, CNN (CNN) — The Super Bowl isn’t a regular football game – and its ticket prices reflect that. With a limited supply and a voracious demand, the Super Bowl functions more like a luxury good, and the forces keeping it that way are unlikely to change anytime soon. This year’s Super Bowl

By Nathaniel Meyersohn, CNN New York (CNN) — Ron Vachris does not fit the profile of a typical risk-taking executive. Vachris started at Costco as a forklift driver in 1982 while he attended community college. He went on to manage Costco’s warehouses on the West Coast before he was tapped to lead the company’s real

By Rosa de Acosta, John Liu, CNN (CNN) — Tech giant Nvidia became the first company in corporate history to briefly surpass a $5 trillion valuation in October thanks to its role in the AI boom. Insatiable demand from global companies for its AI chips has cemented its dominance with an 81% market share by

By Clare Duffy, CNN New York (CNN) — A jury found that Uber must pay $8.5 million to a woman who said one of its drivers raped her. The decision could set the stage for payments to thousands of other passengers who filed similar claims against the rideshare company. Jaylynn Dean sued Uber in 2023,

By John Towfighi, CNN New York (CNN) — The Dow just hit 50,000 points for the first time ever. The blue-chip index on Friday surged 1,097 points, or 2.24%, and climbed above 50,000 points during trading. It’s the first time the 129-year-old index has crossed the historic 50,000-point milestone. The Dow’s ascent is emblematic of

By Olesya Dmitracova, CNN London (CNN) — Stellantis, the owner of Jeep and Chrysler, announced a “reset” of its business after its enormous investments in electric vehicles failed to pay off. The company said Friday that it would take charges of more than $26 billion, the bulk of which includes write-offs and cash payments for