Money

By John Towfighi, CNN New York (CNN) — Tech stocks dragged the market lower on Friday and Wall Street wrapped up a wild summer on a relatively quiet note. The Dow fell 92 points, or 0.2%. The broader S&P 500 fell 0.64%. The tech-heavy Nasdaq Composite slid 1.15%. Despite the dip, the Dow, S&P and

By Alicia Wallace, CNN (CNN) — US consumers kept spending in July, even as inflation remained elevated that month, new data showed Friday. Consumer spending rose 0.5% from June, according to Commerce Department data released Friday. That’s slightly below expectations for a 0.6% bump but represented a slight pickup from the 0.4% increase notched in

CNN, POOL, BLOOMBERG, FOX BUSINESS, GETTY IMAGES, AP IMAGES, KTVT, X|@PULTE By Chris Isidore, CNN (CNN) — A Trump administration housing official has sent a new criminal referral to the Justice Department against Federal Reserve Governor Lisa Cook, as she sues the administration to fight the president’s efforts to fire her. The new criminal referral,

By Ramishah Maruf, CNN New York (CNN) — The Trump administration has just wreaked havoc on one of the greatest coping mechanisms of our time: online shopping. Many of the cheaper products that US customers like to buy used to fall under the de minimis exemption, which allowed items worth less than $800 to flow

By Chris Isidore, CNN (CNN) — A Trump administration housing official has sent a new criminal referral to the Justice Department against Federal Reserve Governor Lisa Cook, as she sues the administration to fight the president’s efforts to fire her. The new criminal referral, made late Thursday and revealed in a social media post by

By Matt Egan, CNN New York (CNN) — Americans soaking up the end of summer this holiday weekend will catch a break at the gas pump. Labor Day gas prices are expected to average $3.15 per gallon this year— the cheapest since 2020 during the Covid-19 pandemic, according to GasBuddy. That’s down modestly from $3.29

CNN, AAA By Matt Egan, CNN New York (CNN) — Americans soaking up the end of summer this holiday weekend will catch a break at the gas pump. Labor Day gas prices are expected to average $3.15 per gallon this year— the cheapest since 2020 during the Covid-19 pandemic, according to GasBuddy. That’s down modestly

By Elisabeth Buchwald, CNN (CNN) — A big change to all the “cheap goods” Americans order just went into effect. For nearly a century, low-value packages of goods from abroad have entered the United States duty free, thanks to what’s known as the “de minimis rule,” which as of 2015 has applied to packages worth

By Samantha Delouya, Ramishah Maruf, CNN (CNN) — After backing away from a controversial logo rebrand loudly opposed by many right-wing influencers, Cracker Barrel also quietly made changes to its website this week. The Tennessee-based roadside restaurant chain deleted a dedicated “Pride page” and scrubbed references to employee resource groups, including its LGBTQ+ and Diversity,

By Liam Reilly, CNN (CNN) — A federal judge on Thursday barred Kari Lake, an ally of President Donald Trump whom the president picked to lead Voice of America, from firing agency director Michael Abramowitz. Judge Royce Lamberth of the US District Court for the District of Columbia ordered Abramowitz’s reinstatement, saying the director must

By Liam Reilly, CNN (CNN) — The Atlanta Journal-Constitution announced on Thursday that it will print its final physical newspaper edition on December 31, making it the latest storied newspaper to discontinue offering its news in print. The changeup means the AJC will be a digital-only publication starting January 1, 2026. The AJC said the

By Jeanne Sahadi, CNN (CNN) — As part of his effort to gain control over the Federal Reserve, President Donald Trump is attempting to fire Fed Governor Lisa Cook based on allegations that she may have committed mortgage fraud. No charges have been filed against Cook as of this writing. But just before Labor Day,

By Samantha Delouya, CNN (CNN) — The housing market this week largely shrugged off the turmoil at the Federal Reserve. The 30-year fixed mortgage rate averaged 6.56% for the week ending August 28, just slightly lower than last week’s 10-month low of 6.58%, according to data released Thursday by Freddie Mac. The relatively muted move

CNN By Bryan Mena, CNN Washington (CNN) — The US economy’s rebound in the second quarter was stronger than previously reported, thanks to consumers who stepped up their spending despite jitters over President Donald Trump’s trade war. Gross domestic product, which measures all the goods and services produced in the economy, registered an annualized rate

By Bryan Mena, Katelyn Polantz, Devan Cole, CNN Washington (CNN) — Federal Reserve Governor Lisa Cook is suing to keep her job on the board, which helps set interest rates, after President Donald Trump said he was removing her from her role earlier this week. Cook’s lawsuit, filed Thursday morning in federal court in Washington,

By Bryan Mena, CNN Washington (CNN) — The US economy’s rebound in the second quarter was stronger than previously reported, thanks to consumers who stepped up their spending despite jitters over President Donald Trump’s trade war. Gross domestic product, which measures all the goods and services produced in the economy, registered an annualized rate of

By Ryan Hogg, CNN London (CNN) — Tesla sales plunged again in Europe in July as car buyers continued their migration to Chinese rival BYD. Elon Musk’s carmaker sold 6,600 models in the EU in July, a 42.4% fall from the same month last year, according to data from the European Automobile Manufacturers’ Association (ACEA).

From Reuters American Bitcoin, the bitcoin miner backed by two of President Donald Trump’s sons, has locked in crypto and traditional investors to back an all-stock merger that will allow the firm to soon start trading on the Nasdaq, the company’s largest investor said. The unlisted firm’s merger with Gryphon Digital Mining is set to

By Liam Reilly, CNN (CNN) — Fox and YouTube TV reached a distribution deal late Thursday night, allowing Fox’s content to remain on the platform. “We’re happy to share that we’ve reached an agreement with Fox to keep their content on YouTube TV, preserve the value of our service for our subscribers and offer more