Money

By Nathaniel Meyersohn, CNN New York (CNN) — Two months after filing for bankruptcy, Red Lobster is close to emerging with a new owner. Red Lobster said this week in a court filing that it will accept an existing sale offer from Fortress Credit Corp., a lender experienced in restaurant management, after the seafood chain

By Hadas Gold, CNN New York (CNN) — Fox News has proposed a presidential debate between former President Donald Trump and Vice President Kamala Harris on September 17. The debate invitation from the right-wing cable network would take place in the swing state of Pennsylvania, with anchors Bret Baier and Martha MacCallum serving as moderators,

By Brian Fung, CNN (CNN) — Insurers have begun calculating the financial damage caused by last week’s devastating CrowdStrike software glitch that crashed computers, canceled flights and disrupted hospitals all around the globe — and the picture isn’t pretty. What’s been described as the largest IT outage in history will cost Fortune 500 companies alone more

By Krystal Hur, CNN New York (CNN) — Tech shares led a selloff Wednesday after lackluster earnings reports from two of the market’s most prominent heavyweights. The Nasdaq Composite declined 3.6% and the S&P 500 fell 2.3%, both notching their worst daily percentage declines since 2022. The Dow lost 504 points, or 1.3%. Big Tech’s

By Chris Isidore and Isabel Rosales, CNN New York (CNN) — Delta CEO Ed Bastian arrived in Paris Wednesday morning for the opening of the Olympics as his airline struggled to recover from a five-day meltdown that left an estimated half-million customers stranded by thousands of flight cancellations. After a global tech outage that started

By Matt Egan, CNN New York (CNN) — Gas prices have spiked in and around Chicago after a tornado sidelined a major ExxonMobil oil refinery last week. A gallon of gas in Chicago is now selling for an average of $4.34, according to AAA. That’s 27 cents more expensive than just a week ago after

CNN By Nicquel Terry Ellis, CNN (CNN) — The ongoing controversy surrounding diversity, equity and inclusion has spilled over into the 2024 presidential race with Vice President Kamala Harris on the path to becoming the Democratic nominee. Earlier this week, Tennessee Republican Rep. Tim Burchett suggested in an interview with CNN’s Manu Raju that President

By Oliver Darcy, CNN New York (CNN) — The right-wing media machine is throwing everything but the kitchen sink at Kamala Harris. As she held a rally Tuesday for the first time as the likely Democratic presidential nominee, Fox News, talk radio, and the constellation of digital news websites and online personalities were busy blitzing

By Anna Cooban, CNN London (CNN) — King Charles III was a champion of environmental causes long before he ascended to the British throne. And, fittingly, in the first full year of his reign, the British monarchy introduced a slew of measures to tackle its rising carbon emissions. According to the Royal Household’s latest accounts,

By Jordan Valinsky, CNN New York (CNN) — Conn’s HomePlus, a 134-year-old furniture and electronics retailer with locations primarily in the southern United States, has filed for bankruptcy and is closing nearly half of its 170 stores. The Texas-based company, which filed for Chapter 11 bankruptcy protection on Tuesday, has been struggling with slumping sales

By Matt Egan, CNN New York (CNN) — A toxic mix of surging rental rates and vanishing support for renters has catapulted evictions above pre-pandemic levels in some major cities. Evictions have increased most significantly in Sun Belt cities where housing affordability has worsened and where renters often have fewer protections. Tenant eviction filings are

By Kaila Nichols, CNN (CNN) — A Tennessee man only learned he was the winner of a $1 million jackpot when detectives called to tell him his winning ticket had been stolen, according to authorities. The lottery winner, who did not want to be publicly identified, bought two winning tickets at a Shell gas station

By Chris Isidore, CNN New York (CNN) — Telsa profit in the second quarter plunged more than 40% from a year ago, as the electric vehicle company has faced both more EV competition from established automakers and a slowing of overall EV sales growth. The drop in profits is a stark contrast for a company

By Jordan Valinsky, CNN New York (CNN) — Overstock.com, which was one of the biggest names in e-commerce, is being revived just a year after its new owners ditched the name in favor of Bed Bath & Beyond. The relaunched Overstock.com sells a lot of stuff similar to its previous incarnation, including indoor and outdoor

CNN, WCVB By Chris Isidore, Isabel Rosales and Amanda Musa, CNN Atlanta (CNN) — Bad news for passengers: Delta Air Lines canceled hundreds more flights early Tuesday morning, as the problems caused by last week’s global tech outage continued into a fifth day. Worse news: Delta’s meltdown will probably extend through the end of the

By Chris Isidore, Isabel Rosales and Amanda Musa, CNN Atlanta (CNN) — Bad news for passengers: Delta Air Lines canceled hundreds more flights early Tuesday morning, as the problems caused by last week’s global tech outage continued into a fifth day. Worse news: Delta’s meltdown will probably extend through the end of the week. The

By Samantha Delouya, CNN (CNN) — After the last few years of skyrocketing home prices and elevated mortgage rates, Americans have been feeling overwhelmingly dejected about their prospects of buying a home. But there are now signs that maybe, just maybe, the worst could be over for homebuyers. “June, in particular, has started to show

By Matt Egan, CNN New York (CNN) — Wiz has ended talks with Google parent Alphabet on a proposed $23 billion deal in which the Israeli cybersecurity startup would have become the US tech giant’s largest-ever acquisition, according to a Wiz memo seen by CNN. Wiz CEO Assaf Rappaport said the company would now focus on an initial public offering

By Matt Egan, CNN New York (CNN) — Many Americans regularly worry they won’t be able to make ends meet. Nearly four in ten (39%) of US adults say they worry most or all of the time that their family’s income won’t be enough to meet expenses, according to a new CNN poll. That’s up

By Laura He and Fred He, CNN Hong Kong (CNN) — China has announced plans to raise some of the world’s lowest statutory retirement ages as it tries to cope with the consequences of a rapidly ageing population and a pensions funding crisis. Currently, men in urban areas can retire at 60 and receive a