Money

By Auzinea Bacon, CNN (CNN) — A sharp hike in the price of luxury goods in recent years has cost some brands a key group of customers. About 50 million customers were sidelined from the luxury goods market by 2024 as prices climbed roughly 20% since 2021, according to Aaron Cheris, a partner and head

By Auzinea Bacon, CNN (CNN) — Warren Buffett’s Berkshire Hathaway (BRK.A) on Saturday reported operating earnings for the fourth quarter rose 71% after taxes year-over-year to a record $14.5 billion. Operating profit in 2024 rose 27% to $47.4 billion from $37.3 billion a year earlier. Berkshire reported full-year net income of $89 billion, down 7.5%

By Ramishah Maruf, CNN New York (CNN) — It can be nerve-wracking to fly right now. Just this month, the collision of an American Airlines plane and a US Army helicopter killed 67 people in Washington, DC, and a Delta Airlines flight crash-landed in Toronto. In 2024, the year started off with a door panel

CNN By Brian Stelter, CNN (CNN) — The Associated Press is suing three Trump administration officials in federal court for banning AP reporters from some of President Trump’s events, the Oval Office, and Air Force One. The AP alleges that the ban violates the First Amendment as well as the due process clause of the

By Brian Stelter, CNN (CNN) — The Associated Press is suing three Trump administration officials in federal court for banning AP reporters from some of President Trump’s events, the Oval Office, and Air Force One. The AP alleges that the ban violates the First Amendment as well as the due process clause of the Fifth

By David Goldman, CNN (CNN) — US stock markets fell sharply Friday after an economic report showed American consumers are growing increasingly fearful of price increases and how President Donald Trump’s tariffs could reignite the inflation crisis. The Dow Jones Industrial Average fell 748 points, or 1.7%. The broader S&P 500 also sank 1.7% and

By David Goldman and Robert Ilich, CNN (CNN) — Coinbase, America’s largest cryptocurrency exchange, said Friday that the Trump administration has agreed to drop a major lawsuit that would have broad ramifications for the crypto industry. It comes as the new Trump administration has promised to deregulate digital currencies like bitcoin. The Securities and Exchange

By Amarachi Orie, CNN (CNN) — Australia’s longest-running soap opera “Neighbours” has been canceled. Again. “We are sad to announce that Neighbours will be resting from December 2025,” read a statement from the show, first aired in 1985, posted on social media. “New episodes from the 40th-anniversary season will continue to air on Prime Video

By Anna Cooban, CNN London (CNN) — A stark new reality in Europe — that its long-time ally and security guarantor, the United States, may not come to its rescue in a future war — has set the stage for a faster ramp-up in military spending on the continent. And in anticipation of higher revenues

By Chris Isidore, CNN New York (CNN) — President Donald Trump said he’s looking to change the US Postal service, including giving the Secretary of Commerce authority over what has been an independent organization for more than 50 years. It’s a move that could be a first step towards privatization that could upend how Americans

By Ramishah Maruf, CNN New York (CNN) — Oh, Spirit. Travelers frequently bemoan the ultra-budget airline’s tiny seats, frequent delays, baggage fees, and lack of complementary snack and drinks. People love meme-ing the carrier, at the bare-minimum treatment on Spirit’s distinctive yellow planes. But online, the tides have been turning in favor of the company

By Chris Isidore, CNN New York (CNN) — Boeing has had six years of production problems, safety issues, delivery delays and unhappy buyers of its aircraft. But President Donald Trump’s anger at the delays for the next generation of Air Force One jets could result in a huge blow to what remains of the company’s

By Nathaniel Meyersohn, CNN New York (CNN) — Target was sued Thursday by Florida and America First Legal for allegedly concealing the financial risks of its diversity, equity and inclusion (DEI) programs and its 2023 Pride Month merchandise collection. The lawsuit was brought by Florida Attorney General James Uthmeier, a Republican, and America First Legal,

By John Liu, CNN Hong Kong (CNN) — Apple offered the latest version of its budget friendly phone for pre-sale in key markets on Friday, in an effort to woo price-sensitive customers in countries like China and India. The launch of the iPhone 16e, which costs $599 and is equipped with artificial intelligence, came in

By Maria Sole Campinoti, CNN (CNN) — Delta Air Lines Flight 4819 flipped over upon landing at Toronto Pearson International airport, leaving 76 passengers hanging upside down from their seatbelts. Now the company is offering them $30,000 each. If all passengers accept the offer, the airline will pay out approximately $2.3 million in total. “Delta

By David Goldman and Clare Duffy, CNN New York (CNN) — In October 2022, Elon Musk paid $44 billion to buy Twitter — almost certainly an overpayment — and he promptly made significant changes that plunged the company into chaos and sent its ad business and valuation into a tailspin. Two and a half years

By Liam Reilly, CNN (CNN) — Amazon MGM Studios is taking creative control of the James Bond franchise, in a new deal announced Thursday. Under the deal, Michael G. Wilson and Barbara Broccoli — the duo who brought the 007 films to theaters for more than 60 years — will remain co-owners of the franchise.

CNN By Clare Duffy, CNN New York (CNN) — Imagine a language tutor who is always on, available anytime to teach new vocabulary or check up on a student’s progress. On Thursday, Nvidia launched a language learning platform using artificial intelligence that promises to do just that for American Sign Language learners, in partnership with