Money

By Jordan Valinsky, CNN New York (CNN) — Nordstrom, the upscale department store chain, is going private in a $6.25 billion deal with its founding family. The retailer announced Monday that the family — Erik, Pete and Jamie Nordstrom — as well as Mexican department store chain El Puerto de Liverpool will acquire the remaining

By Ramishah Maruf, CNN New York (CNN) — Last-minute errands often seem to pop up on Christmas and Christmas Eve, whether it’s buying a quick present or picking up one last ingredient. Many stores and offices are closed on the two holidays to give employees a chance to spend time with loved ones during the

By Rob Picheta, CNN London (CNN) — King Charles III has ended royal warrants for Cadbury and Unilever, which owns brands including Marmite and Ben & Jerry’s, in a blow to the household names. Charles announced the second set of warrants of his reign late last week, recognizing the included brands and companies as royal

By Elisabeth Buchwald, CNN New York (CNN) — While businesses across the US are fretting that President-elect Donald Trump’s threat of new tariffs could mean a massive hit to their bottom lines, at least one industry is gearing up for the exact opposite. With less than a month to go until Trump is back in

By Chris Isidore, CNN New York (CNN) — Honda and Nissan have formally agreed to hold talks over the next six months on a possible merger, a deal that would create the world’s third-largest automaker and give them more resources to compete with a growing threat from Chinese carmakers. A third, smaller Japanese automaker, Mitsubishi,

By Jordan Valinsky, CNN New York (CNN) — The Container Store has filed for bankruptcy. It is the latest well-known retailer to fall victim to customers cutting back on discretionary spending. The 46-year-old company said in a statement late Sunday that filing for Chapter 11 bankruptcy protection will help it “bolster its financial position, fuel

By Bryan Mena, CNN Washington (CNN) — Federal Reserve Chair Jerome Powell has steered the world’s most powerful central bank during a tumultuous period for the US economy, from the pandemic to a historic bout of inflation shortly after. But the job isn’t finished yet. Inflation is now well below the 40-year highs of 2022,

By Matt Egan, CNN New York (CNN) — Drivers across the country will be unwrapping a welcome present this holiday season: Cheaper gasoline. Americans will likely be greeted by the lowest Christmas Day gas prices since 2020 during the pandemic, according to GasBuddy, an app that crowd-sources pump prices. GasBuddy told CNN it expects gas

By Samantha Murphy Kelly, CNN (CNN) — After a catastrophic fire five years ago, the Notre Dame Cathedral de Paris reopened this month looking almost the same as it did when it was first constructed in 1163. The massive reconstruction project was a testament not just to the hard work of the French people –

By Auzinea Bacon, CNN (CNN) — The five-day strike against Starbucks reached nine states on Sunday, according to its union. The Starbucks Workers United said union workers in Missouri, New Jersey and New York began their strike Sunday after locations in Colorado, Ohio and Pennsylvania joined the strike Saturday. Workers United represents more than 10,000

By Jordan Valinsky, CNN New York (CNN) — This year was brutal for a number of well-known companies and their bottom lines. As inflation continued to rear its ugly head, consumers slashed their discretionary spending, tilting some companies to file for bankruptcy. Other brands fell victim to changing trends or even more malicious ailments, like

By Auzinea Bacon, CNN (CNN) — Last-minute holiday shoppers may want to give their digital carts a hard look. With colder temperatures potentially delaying shipping, carriers being overwhelmed with orders and some items simply out of stock, there are plenty of risks for procrastinating shoppers. More than half of Americans are worried about deliveries being

By Billy Stockwell, CNN (CNN) — Campaigners have accused Facebook parent Meta of inflicting “potentially lifelong trauma” on hundreds of content moderators in Kenya, after more than 140 were diagnosed with PTSD and other mental health conditions. The diagnoses were made by Dr. Ian Kanyanya, the head of mental health services at Kenyatta National hospital

By Anna Cooban and Zachary Cohen, CNN London/Washington, DC (CNN) — President-elect Donald Trump is set to overturn a ban on some US exports of liquefied natural gas, or LNG, in a boon for US energy producers. But the move is unlikely to help address the climate crisis and may even make it worse. As

By Auzinea Bacon and Jordan Valinsky, CNN (CNN) — Party City filed for bankruptcy Saturday for the second time in less than two years. The filing comes after the retailer told employees Friday it would begin “winding down” operations. The nation’s largest party supply chain said in a statement that filing for Chapter 11 bankruptcy

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — The Teamsters union announced late Friday that warehouse workers at a massive Amazon sorting and distribution center in Staten Island, New York, have joined the thousands of union members who began a strike this week against the online retail giant. But Amazon continues to

By Jeanne Sahadi, CNN (CNN) — The US Senate passed a bipartisan bill early Saturday to increase Social Security benefits for close to 3 million federal, state and local public sector workers, which includes firemen, policemen and teachers. In the roll call vote, 76 senators voted in favor of the bill, and 20 senators voted

By Danielle Wiener-Bronner, CNN New York (CNN) — In the hours after her daughter was born, Andrea Ippolito already felt like she was falling short as a mother. “Here I was, just like many women, trying to recover after this insane medical procedure of giving birth, and I just felt like a failure,” she told

By Bryan Mena, CNN Washington (CNN) — Chiugo Akujuobi has survived on food pantries and donations from friends since fleeing their family home in Houston earlier this year. They said they grew tired of frequent transphobic comments from relatives. The 26-year-old now sleeps on a friend’s couch in North Texas. They graduated with a bachelor’s

By Dalia Faheid and Artemis Moshtaghian, CNN (CNN) — This Christmas Eve, one lucky lottery ticket could celebrate with a Mega Millions jackpot nearing $1 billion – the largest prize ever offered in the month of December. With no one winning the jackpot Friday, the grand prize for Tuesday’s drawing ballooned from $862 million to