Money

By Tami Luhby, CNN (CNN) — Move over billionaires. The first trillionaires are on their way. Five people are expected to amass at least $1 trillion in wealth within the next decade, if current trends continue, according to Oxfam’s annual inequality report, released Sunday. Tesla and SpaceX CEO Elon Musk, currently the world’s richest person

By Clare Duffy, CNN New York (CNN) — Instagram has rolled out a number of updates in recent days that appear to be aimed at attracting TikTok users while the short-video app’s future remains in limbo. And on Sunday, Instagram parent company Meta went one step further and announced the launch of a new video

By Elisabeth Buchwald, CNN New York (CNN) — Federal Reserve officials have worked hard to set interest rates at levels that minimize inflation and maximize employment over the past couple of years. And they’ve been remarkably successful, a historically rare feat to pull off. But central bankers’ jobs could get a lot harder in just

By Ramishah Maruf, CNN New York (CNN) — Monday, January 20, commemorates the birthday of the Rev. Martin Luther King Jr. This year, the holiday coincides with President-elect Donald Trump’s inauguration, though the majority of business closures will be for MLK Day. King’s actual birthday is on January 15, but the federal holiday always falls

By Clare Duffy and David Goldman, CNN New York (CNN) — Around 12 hours after shutting itself down in the United States, TikTok is back for many users almost like it never left, attributing its return to a move by President-elect Donald Trump to save the app. TikTok welcomed users back with a notification that

CNN By Clare Duffy and David Goldman, CNN New York (CNN) — Around 12 hours after shutting itself down in the United States, TikTok is back for many users almost like it never left, attributing its return to a move by President-elect Donald Trump to save the app. TikTok welcomed users back with a notification

By Alicia Wallace, CNN (CNN) — President Joe Biden will leave the White House with a strong economy, historic gains in the job market, a foundation for future manufacturing growth, and having brought down decades-high inflation without triggering a recession. Those feats, economists say, are even more impressive considering the nation was deep in the

By Auzinea Bacon, CNN (CNN) — TikTok users who procrastinated in saving their favorite videos have been doing some last-minute housecleaning with the app set to shut down. On Friday, the Supreme Court upheld a ban on TikTok over concerns about its ties to China. Hours later, TikTok announced it would “go dark” on Sunday

By Aaron Pellish and Brian Stelter, CNN (CNN) — TikTok went offline in the United States Saturday night, less than two hours before a ban was slated to go into effect. The extraordinary blackout prevents access to one of the world’s most popular social media apps – one that had been used by 170 million

By Reuters (CNN) — The U.S. Justice Department on Friday accused pharmacy chain operator Walgreens Boots Alliance of contributing to the U.S. opioid epidemic by filling millions of unlawful prescriptions for addictive painkillers and other drugs. The department intervened in a whistleblower lawsuit filed in federal court in Chicago and accused Walgreens of ignoring “red

By Meena Duerson, CNN (CNN) — When Chad Comey heard sirens outside the Palisades condo he lived in with his parents last Tuesday, he didn’t think much of it. Then the fire alerts started. “I’m holding out hope, I’m rationalizing things, like, we’re right in the heart of the village, this is the last place to make a stand,

By David Culver, Yong Xiong, Norma Galeana, Evelio Contreras and Rachel Clarke, CNN Monterrey, Mexico (CNN) — The huge industrial park sprawls across the rural landscape with row upon row of warehouse-sized manufacturing units. Logos and signs plastered with red and gold — lucky colors in Chinese tradition — brighten the otherwise gray exteriors while

By Auzinea Bacon, CNN (CNN) — The Federal Trade Commission on Friday sued PepsiCo for allegedly engaging in illegal price discrimination with a large retailer. The commission alleges that the retailer, whose name was redacted in the statement from commissioners, received “unfair pricing advantages” that were not made available to others. A source familiar with

By Tami Luhby, CNN (CNN) — The nation will hit its roughly $36 trillion debt limit on Tuesday, when the Treasury Department will start taking extraordinary measures to allow the government to pay its bills, outgoing Treasury Secretary Janet Yellen said in a letter to congressional leaders on Friday. The notice comes just three days

CNN By Clare Duffy, CNN New York (CNN) — The clock is ticking down on TikTok in America. A law that requires TikTok to find a new, non-Chinese owner or face a ban is scheduled to go into effect Sunday — and there is little indication the company is set to pull off a sale

By Hadas Gold, CNN New York (CNN) — CNN settled a lawsuit brought by a US Navy veteran over a 2021 segment on evacuations in Afghanistan on Friday, hours after a jury found the network liable for defaming him. The two-week trial was held in Bay County, Florida. A jury awarded the veteran, Zachary Young,

By Chris Isidore, CNN New York (CNN) — A recent rule change could cause insurance premiums to spike for homeowners across California, as the costs of the Los Angeles area wildfires are passed onto them in a way that was not allowed in the past. The hikes would come from a potential assessment likely to

By Clare Duffy, CNN New York (CNN) — The clock is ticking down on TikTok in America. A law that requires TikTok to find a new, non-Chinese owner or face a ban is scheduled to go into effect Sunday — and there is little indication the company is set to pull off a sale before

By Lianne Kolirin, CNN (CNN) — A limited edition Barbie of Aaliyah sold out within hours of going on sale on what would have been the late R&B singer’s 46th birthday. The US singer and actress was killed on August 25, 2001, shortly after wrapping her music video for “Rock the Boat,” when her chartered