Money

By Jordan Valinsky, CNN New York (CNN) — Several hundred “underperforming” 7-Eleven locations across North America are closing, the convenience store announced. Seven & I Holdings, the chain’s Japan-based parent company, revealed in an earnings report Thursday that 444 locations of 7-Eleven are shutting down because of a variety of issues, including slowing sales, declining

By Alicia Wallace, CNN (CNN) — Inflation for US producers slowed further in September, adding to hopes that prices aren’t getting jacked up before they get to consumers. The Producer Price Index, which measures average price changes seen by producers and manufacturers, came in at 1.8% for the year that ended in September, a slight

By Jordan Valinsky, CNN New York (CNN) — Fisher-Price is recalling more than 2 million infant Snuga Swings due to a suffocation risk found after reports that five children died sleeping in the device. In an alert issued by the US Consumer Product Safety Commission (CPSC), the $160 device “should never be used for sleep

By Brian Stelter, CNN New York (CNN) — The Atlantic is doing something exceedingly unusual for a magazine in 2024: increasing the number of issues it prints. The acclaimed 167-year-old magazine, once known as The Atlantic Monthly, is increasing its pace of publication from 10 issues to 12, returning to a monthly publication for the first time

By Nicole Goodkind, CNN New York (CNN) — JPMorgan Chase CEO Jamie Dimon kicked off third-quarter earnings season Friday with a stern warning about geopolitical threats that could hurt the global economy. “Recent events show that conditions are treacherous and getting worse,” he wrote in a press release. “There is significant human suffering, and the

By Issy Ronald, CNN (CNN) — Updating LinkedIn with a new job role is a rite of passage for many professionals, a chance to let the world know you’ve scrambled up another rung on the career ladder. But former FTX executive Ryan Salame made an unorthodox update to his profile on the site Thursday, as

By Ramishah Maruf, CNN New York (CNN) — Selling baggy jeans isn’t enough to win over Gen Z. Urban Outfitters, the young adult retailer known for its alternative, vintage-inspired styles, learned this the hard way. During its most recent earnings call, the company candidly admitted it didn’t know how to market to the demographic that

By Elisabeth Buchwald, CNN New York (CNN) — An exodus of national insurance companies from Florida, combined with local private insurers canceling plans, has left many homeowners there with only one option: Citizens Property Insurance Corp. The state-backed nonprofit home insurance company was set up to be an insurer of last resort for those who

CNN By Chris Isidore, CNN New York (CNN) — Tesla CEO Elon Musk unveiled on Thursday his vision of a “a fun, exciting future,” an “age of abundance” full of his company’s self-driving cars without steering wheels, parking lots turned into parks and robots that will walk among the population – that he once again

By Chris Isidore, CNN New York (CNN) — Tesla CEO Elon Musk unveiled on Thursday his vision of a “a fun, exciting future,” an “age of abundance” full of his company’s self-driving cars without steering wheels, parking lots turned into parks and robots that will walk among the population – that he once again promised

By Hadas Gold, CNN New York (CNN) — Univision will not fact check Vice President Kamala Harris or former President Donald Trump on stage during their respective town halls, the Spanish language network confirmed to CNN. The two town halls, on October 10 and October 16, will be moderated by Enrique Acevedo, the Mexico-based anchor of

By Liam Reilly, CNN New York (CNN) — Federal Communications Commission chairwoman Jessica Rosenworcel denounced former President Donald Trump’s “threats against free speech” Thursday after he attacked CBS and called for the network to “lose its license” over a recent “60 Minutes” interview with Vice President Kamala Harris. In recent days, the former president has lambasted the Harris interview, accusing CBS News of editing the sit-down with correspondent

By Jordan Valinsky and Matt Egan, CNN New York (CNN) — TD Bank will pay $3 billion to settle charges that it failed to properly monitor money laundering by drug cartels, regulators announced Thursday. The fine includes a $1.3 billion penalty that will be paid to the US Treasury Department’s Financial Crimes Enforcement Network, a

By Marshall Cohen, CNN Washington (CNN) — Gateway Pundit, the far-right conspiracy site, has settled a defamation lawsuit from two Georgia election workers who were falsely accused of rigging the 2020 results. Details of the settlement were not made public. But the parties said in a court filing this week that they have “reached agreement to settle

By Brian Stelter, CNN New York (CNN) — With former President Donald Trump ruling out any more presidential debates between now and Election Day, CNN shifted course Thursday and invited both Trump and Vice President Kamala Harris to participate in town hall events with voters. Harris immediately accepted the network’s invitation. “Trump may want to

By Samantha Delouya, CNN (CNN) — Prospective homebuyers waiting on the sidelines for a further drop in mortgage rates received unwelcome news on Thursday. The average rate on a standard, 30-year fixed mortgage was 6.32% in the week ending October 10, mortgage financing provider Freddie Mac said Thursday. It was the largest one-week increase in

By Jordan Valinsky, CNN New York (CNN) — Last year, Ikea slashed prices on roughly 2,000 products to give inflation-weary customers a break. Although that sparked an increase in orders, revenue fell for the first time in four years as discounts took a bite out of its bottom line. Sales slipped 4% to €45.1 billion

By Alicia Wallace, CNN (CNN) — America’s inflation continued to slow in September, reaching a fresh three-and-a-half-year low and coming in at a pace that’s similar to what was seen in 2017 and 2018, according to data released Thursday. The Consumer Price Index, which measures price changes across commonly purchased goods and services, was 2.4%

By Chris Isidore, CNN New York (CNN) — Delta Air Lines reported a profitable third quarter, as the airline weathered a $500 million hit from a July service meltdown related to the CrowdStrike computer outage, as well as the impact of Hurricane Helene at the end of the quarter. The airline had to cancel about