Money

By Krystal Hur, CNN New York (CNN) — Stocks climbed on Tuesday as Wall Street cheered the inflation cooldown in the latest economic data for October. The Dow rose 490 points, or 1.4%. The S&P 500 gained 1.9% and the Nasdaq Composite added 2.4%, both notching their best day since April. The Consumer Price Index

By Jordan Valinsky, CNN New York (CNN) — Henry Blodget is stepping down as chief executive of Insider, a business news-focused website he co-founded in 2007 that has undergone many reinventions. The sudden change comes amid a broader shakeup at the publication, which includes returning to its former name of “Business Insider” as it shifts

By Jennifer Korn, CNN (CNN) — Venmo wants to eliminate the financial mental math of splitting roommate bills, lunch checks and road trip costs. The new Venmo Groups feature gives users the ability to track and split ongoing group expenses, making it easier to figure out who owes who what. Members can add an expense

By Jordan Valinsky, CNN New York (CNN) — One of the most recognizable jingles in history is making a return. Chili’s is bringing back its “I want my baby back, baby back, baby back…ribs” jingle for a new advertising campaign promoting the dish that’s been a staple on the chain’s menu since the late 1980s.

By Alicia Wallace, CNN Minneapolis (CNN) — First, the bad news: Prices continue to rise. Now, the good news: They’re doing so at a rate not seen in two years. The Consumer Price Index rose 3.2% for the 12 months that ended in October, down from 3.7% in September, and clocking in at the lowest

By Chris Isidore, CNN New York (CNN) — Home Depot reported slower earnings on weaker sales, although it still was able to beat Wall Street analysts’ forecasts. Consumers aren’t spending on home improvement projects the way they were during the pandemic. But the company said it is still seeing some strength in smaller improvement jobs,

By Clare Duffy, CNN New York (CNN) — YouTube will soon require disclosures on videos that contain content generated by artificial intelligence and could mislead viewers. The Google-owned platform has long prohibited technically manipulated content that could mislead viewers and “pose a serious risk of egregious harm.” But with a new policy update announced Tuesday,

By Sugam Pokharel and Akanksha Sharma, CNN London/Hong Kong (CNN) — Nepal has decided to ban TikTok because the popular short video app was disrupting social structures in the South Asian nation, government officials say. A number of countries have placed restrictions on the use of Tiktok, which is owned by Chinese tech giant Bytedance

By Peter Valdes-Dapena, CNN (CNN) — Big trucks and SUVs, especially those with flat front ends, aren’t just more intimidating to look at, they are genuinely deadlier for pedestrians, according to new research from the Insurance Institute for Highway Safety. Researchers at the institute looked at records of almost 18,000 incidents in which vehicles struck

By Parija Kavilanz, CNN New York (CNN) — Just a few years ago, Toys R Us was on its way to the retail graveyard after going out of business. Now, it’s coming to America’s biggest mall, just in time for countdown to Christmas. The iconic toy retailer, whose history dates back to the late 1940s,

By Matt Egan, CNN New York (CNN) — Private equity executive Edgar Bronfman, Jr., whose family includes well-known supporters of Israel, is calling for the leaders the University of Pennsylvania to step down due to their response to the Hamas terror attacks against Israel, CNN has learned. Bronfman, a former media executive and Seagrams scion,

By Eva Rothenberg, CNN (CNN) — Government officials, public health professionals and concerned parents are calling on Congress to ban water beads, a children’s toy that they say poses significant health risks. In a news conference Monday, Congressman Frank Pallone Jr. of New Jersey announced that he will be introducing a bill at the House

By Nathaniel Meyersohn, CNN New York (CNN) — The backlash against self-checkout is growing, and stores are starting to dial back on the technology after it exploded over the past few years. Booths, a British supermarket chain, said it’s removing self-checkout stations in all but two of its 28 stores. In the United States, Walmart,

By Alicia Wallace, CNN Minneapolis (CNN) — New survey data released Monday by the Federal Reserve Bank of New York showed that US consumers believe inflation will continue to ease, the labor market will remain strong and they will continue to spend more than they did pre-pandemic. The October Survey of Consumer Expectations painted a

By Anna Bahney, CNN Washington, DC (CNN) — The income of a typical homebuyer in the United States surged to $107,000 from $88,000 last year, as home affordability precipitously worsened, according to an annual report from the National Association of Realtors. The 22% jump was the highest annual increase on record, and puts homeownership out

By Jordan Valinsky, CNN New York (CNN) — The number of Trump Hotels continues to dwindle, with the chain’s Hawaii resort the latest to ditch the tarnished name for a less politicized brand. The Trump International Hotel Waikiki is joining Hilton and will no longer have the former president’s name attached to it. In February

By Hanna Ziady, CNN London (CNN) — An entire museum in London is dedicated to celebrating the 500-year-long history of British postal services. Yet that history is becoming an increasingly sorry tale. Royal Mail, the official postal service of the United Kingdom, cannot deliver letters and parcels on time, according to the country’s communications regulator.

By Diksha Madhok, CNN New Delhi (CNN) — Hyundai Motor has kicked off construction on a 2 trillion won ($1.5 billion) facility in South Korea that will be dedicated to manufacturing electric vehicles. The group, which owns the Hyundai and Kia brands, held the groundbreaking ceremony on Sunday in Ulsan, where the carmaker built its

By Hanna Ziady, CNN Geneva, Switzerland (CNN) — The morning after the bombshell announcement in March that UBS was buying its failing crosstown rival Credit Suisse to avert a global banking crisis, Sergio Ermotti saw a surprising name pop up on his phone. The caller was UBS (UBS) chairman Colm Kelleher. Ermotti had left the