Money

By Matt Egan, CNN New York (CNN) — Former President Donald Trump hit the jackpot this spring when his social media company finally went public. Even though Trump Media & Technology Group (DJT) generates very little revenue, investors are assigning an eye-popping valuation north of $9 billion to the company. Trump’s dominant stake in Trump

By Nathaniel Meyersohn, CNN New York (CNN) — In 2003, Red Lobster ran an “Endless Crab” promotion. The all-you-can-eat deal backfired spectacularly. Red Lobster misjudged just how many seafood lovers would pour into restaurants around the United States and fill up their stomachs with pounds of sweet, juicy crab legs drenched in lemon and dipped

By Alicia Wallace, CNN (CNN) — US job growth slowed considerably last month, with just 175,000 positions added in April, according to Bureau of Labor Statistics data released Friday. The slower-than-expected gains — April’s tally is the lowest since October of last year — come as the Federal Reserve has sought to cool demand to

By Samantha Delouya, CNN (CNN) — More than 16,000 pounds of raw ground beef products were recalled by the US Department of Agriculture on Wednesday on concerns the meat may be contaminated with E. coli. The meat items, produced by Cargill Meat Solutions, were sold at Walmart retail locations across the United States. According to

By Matt Egan, CNN New York (CNN) — Scott Sheffield, founder and longtime CEO of a leading American oil producer, attempted to collude with OPEC and its allies to inflate prices, federal regulators alleged on Thursday. The Federal Trade Commission said Sheffield, then CEO of Pioneer Natural Resources, exchanged hundreds of text messages discussing pricing, production and

By Chris Isidore, CNN New York (CNN) — The state of Maryland is about to get an insurance payment of $350 million related to the collapse of the Francis Scott Key Bridge in late March, according to the broker handling its policy on the structure. The payment would come from insurer Chubb, which has a

By Jordan Valinsky, CNN New York (CNN) — Peloton CEO Barry McCarthy is leaving his role, and the company is cutting about 15% of its workforce as numerous attempts to regain its pandemic-era glory have failed. McCarthy, who was named CEO just two years ago, will become a strategic advisor through the end of the

By Alicia Wallace, CNN (CNN) — The US job market has been on a roll for the past three years. Some economists even say “it’s as good as it’s ever been.” That storyline isn’t expected to change Friday when April’s jobs report lands at 8:30 am ET — but it’s possible there might be a

By Samantha Murphy Kelly, CNN (CNN) — Apple on Thursday posted first-quarter revenue of $90.8 billion, down 4% year over year, as the iPhone maker continues to struggle with growth challenges, particularly in China, amid an uncertain economic environment. The company also announced a $110 billion share buyback – the largest in the company’s history

By Hanna Ziady, CNN London (CNN) — Ariana Grande, Adele and Rihanna will soon be back on TikTok, joining Taylor Swift after a deal with Universal Music Group ended a feud that saw one of the world’s biggest record labels pull its music from the video platform. The licensing agreement, announced Wednesday, means that within

By Hadas Gold, CNN (CNN) — Journalists tasked with covering violent unrest on college campuses across the US have been arrested and barred access as police moved in to crack down on pro-Palestinian protesters who have set up encampments and barricaded themselves inside buildings. The confrontations with journalists come as student-run news outlets and traditional

By Samantha Murphy Kelly, CNN (CNN) — Earlier this year, an 18-year-old high school senior from New York City had planned to enroll at Columbia University’s sister school Barnard College in Manhattan as an early decision student. But after her parents saw heightened tensions over the Israel-Gaza conflict surface across some US campuses, including at

By Jeanne Sahadi, CNN New York (CNN) — If you’re carrying a lot of high-interest debt, the fact that the Federal Reserve once again did not cut interest rates at its Wednesday meeting may be disappointing, if not surprising. But the Fed’s unwillingness to lower rates until it sees more consistent progress in inflation data

By Clare Duffy, CNN New York (CNN) — Dozens of former Google workers filed a complaint with the US National Labor Relations Board on Tuesday after they were fired or placed on administrative leave last month for protesting the company’s cloud-computing contract with Israel’s government. The complaint accuses Google of retaliating against the workers for

By Nicole Goodkind, CNN New York (CNN) — You can already bet real money on basketball, baseball, and football – so why not Skee-Ball, Hot Shots basketball or Dance Dance Revolution? Dave and Buster’s (PLAY), the popular restaurant and entertainment chain, is getting into the betting business. The company is looking to make some extra

By Chris Isidore, CNN New York (CNN) — From New York to Los Angeles, college campus protests against the war in Gaza turned violent Tuesday night and into Wednesday morning as police sought to clear campuses of protesters in many locations, leading to mass arrests. Protesters opposed to Israel’s actions in the war in Gaza

CNN By Chris Isidore, CNN New York (CNN) — From New York to Los Angeles, college campus protests against the war in Gaza turned violent Tuesday night and into Wednesday morning as police sought to clear campuses of protesters in many locations, leading to mass arrests. Protesters opposed to Israel’s actions in the war in

By Reuters New York (Reuters) — Johnson & Johnson is moving forward with a $6.475 billion proposed settlement of tens of thousands of lawsuits alleging that its baby powder and other talc products contain asbestos and cause ovarian cancer, the company said Wednesday in a statement. The deal would allow it to resolve the lawsuits through a third