Money

By Alicia Wallace, CNN (CNN) — Wholesale price inflation unexpectedly accelerated in June to its highest rate since March 2023, according to new data released Friday. On the surface, the jump in PPI appears to be an unwelcome development for the US economy and the fight to rein in high inflation — and it appears

By Ramishah Maruf, CNN New York (CNN) — Higher prices have gone too far even for salty snacks. PepsiCo’s snack unit Frito-Lay posted a dip in revenue in its second quarter Thursday after multiple quarters of price increases. Years of inflation have resulted in “tighter household financial conditions,” the company said in prepared remarks, so

By Oliver Darcy, CNN New York (CNN) — For nearly an hour Thursday evening, President Joe Biden went toe-to-toe with the press corps — and, perhaps against the wishes of some in his own party, managed to exit the high stakes showdown mostly unscathed. Fielding a barrage of tough questions, Biden addressed 11 outlets during his closely

By Olesya Dmitracova, CNN London (CNN) — European regulators have charged Elon Musk’s X with breaching its sweeping Digital Services Act, accusing the platform of misleading its users among other violations. “Today we issue for the first time preliminary findings under the Digital Services Act,” Margrethe Vestager, a senior official at the European Commission, said in

By Matt Egan and Sean Lyngaas, CNN (CNN) — The call and text message records from mid-to-late 2022 of tens of millions of AT&T cellphone customers and many non-AT&T customers were exposed in a massive data breach, the telecom company revealed Friday. AT&T said the compromised data includes the telephone numbers of “nearly all” of

By Jeanne Sahadi, CNN New York (CNN) — Most banks offer free checking if, for instance, customers have their paycheck direct deposited or they maintain an average minimum balance. The majority of people with checking accounts (73%) take advantage of the option, according to a 2023 Bankrate.com survey. But if regulatory costs go up for

By Arlette Saenz, CNN (CNN) — United Auto Workers President Shawn Fain and other members of the union’s board have expressed concerns about President Joe Biden’s ability to beat Donald Trump in November, a source close to the union says. The union is discussing the way forward on how to beat Trump in November, but

By Sean Lyngaas, CNN (CNN) — CDK Global, a software firm serving car dealerships across the US that was roiled by a cyberattack last month, appears to have paid a $25 million ransom to the hackers, multiple sources familiar with the matter told CNN. The company has declined to discuss the matter. Pinpointing exactly who

By Nathaniel Meyersohn, CNN New York (CNN) — Dollar General will improve safety protocols in stores and pay $12 million in penalties in a sweeping settlement with the Department of Labor over the discount chain’s long history of putting low-wage employees in dangerous working conditions. Dozens of Dollar General workers and customers have been killed

By Hadas Gold, CNN (CNN) — A Milwaukee radio station agreed to make two edits to an interview it recorded with President Joe Biden earlier this month at the request of his campaign, the station’s owner, Civic Media, said Thursday. The July 3 interview with WAUK-AM host Earl Ingram was one of Biden’s first media engagements following his poor performance at the June

By Hadas Gold, CNN (CNN) — For weeks, the White House press corps has been boiling – and not from the Washington, DC, heat. They’re frustrated. Some feel the White House misled the press before President Joe Biden’s stumbling performance at last month’s CNN presidential debate. Others have been exasperated by the White House’s response since

By Elisabeth Buchwald, CNN New York (CNN) — Value is the new buzzword at fast-food chains nationwide. After rising prices turned customers off, the restaurants recently responded by unveiling value menus. For instance, McDonald’s has a $5 value meal, which includes a McDouble cheeseburger or a McChicken sandwich, plus small french fries, 4-piece chicken nuggets and

By Hanna Ziady and Nadine Schmidt, CNN London/Berlin (CNN) — Germany will phase out components made by China’s Huawei and ZTE from its 5G wireless network over the next five years, a move that risks worsening its already strained relations with the world’s second-largest economy. Mobile network operators including Vodafone, Deutsche Telekom and Telefonica have

CNN By Alicia Wallace, CNN (CNN) — Americans weighed down by fast-rising prices for three years just received more encouraging news on the inflation front. The Consumer Price Index, a measurement of the average change in prices for a commonly purchased basket of goods and services, dropped 0.1% from May, which helped to slow the

By Nathaniel Meyersohn, CNN New York (CNN) — As recently as February, Tractor Supply Co., known for selling animal feed, pet food and lawn and garden equipment to hobby farmers, told investors that climate change was a significant threat to its business. Any delay or failure to meet its goals of cutting emissions 50% in

By Oliver Darcy, CNN New York (CNN) — Editor’s Note: A version of this article first appeared in the “Reliable Sources” newsletter. Sign up for the daily digest chronicling the evolving media landscape here. Joe Biden is losing a particularly influential corner of support: Hollywood. On Wednesday, George Clooney became the latest — and perhaps most notable — member of

CNN, @JULIAROBERTS, INSTAGRAM, POOL, GETTY IMAGES, WABC, KEYA MORGAN, LINCOLNIMAGES.COM, X, @MISSBEAE, @JULIAROBERTS/INSTAGRAM, Keya Morgan/Lincolnimages.com, X/@MissBeaE By Oliver Darcy, CNN New York (CNN) — Editor’s Note: A version of this article first appeared in the “Reliable Sources” newsletter. Sign up for the daily digest chronicling the evolving media landscape here. Joe Biden is losing a particularly influential corner

By Alicia Wallace, CNN (CNN) — Americans weighed down by fast-rising prices for three years just received more encouraging news on the inflation front. The Consumer Price Index, a measurement of the average change in prices for a commonly purchased basket of goods and services, dropped 0.1% from May, which helped to slow the annual

By Hanna Ziady, CNN London (CNN) — Apple has yielded to pressure by European regulators to give rivals access to the contactless payments technology on iPhones, meaning that their users will no longer be limited to the Apple Pay mobile wallet. The development on the tap-to-pay technology underscores mounting regulatory scrutiny of Apple (AAPL) in