CNN – Business/Consumer

By Jordan Valinsky, CNN New York (CNN) — On Tuesday, AT&T wireless service went down for some customers, affecting their ability to contact 911 in the event of an emergency. It was fixed in a few hours, with the company blaming a software issue, but it’s just one of many problems the telecommunications company has

By Elisabeth Buchwald, CNN New York (CNN) — There’s a new member of the $1 trillion company club in the US — and for the first time, it isn’t a technology company. On Wednesday, shares of Berkshire Hathaway (BRK.A) (BRK.B) closed high enough to give the conglomerate holding company a market value above $1 trillion.

By Chris Liakos and Rob Picheta, CNN Paris (CNN) — Telegram founder Pavel Durov is under formal investigation and will not be allowed to leave France, a French prosecutor said in a statement released Wednesday night. The Russian-born billionaire is being investigated for several suspected offenses related to criminal activity on the platform, including complicity

Analysis by Elisabeth Buchwald, CNN New York (CNN) — Inflation has cooled so much over the past year that even Federal Reserve Chair Jerome Powell is pleased with the progress. But, in poll after poll, Americans have sent a clear message: They aren’t. That has created a prime opportunity for Vice President Kamala Harris to

By Chris Isidore and Brian Fung, CNN New York (CNN) — Cybersecurity firm CrowdStrike said that in the wake of a massive computer outage it caused last month it will give customers about $60 million in credits to remain with the company, possibly a mere fraction of the damages those clients say they incurred. The

By Nathaniel Meyersohn, CNN New York (CNN) — Robby Starbuck, a former Hollywood music video director turned conservative activist, has caught fire campaigning online against some major American brands’ diversity, equity and inclusion programs (DEI), support for gay Pride marches and LGBTQ events, strategies to slow climate change and other social policies. Starbuck is both

By Jeanne Sahadi, CNN New York (CNN) — On balance, 401(k) participants have had a good run over the past year. Especially those who have amassed a balance of at least $1 million. The number of so-called 401(k) ‘millionaires’ rose to a new record high in the second quarter, according to a new data analysis

By Michelle Watson and Dalia Faheid, CNN (CNN) — AT&T wireless service was down for some customers for parts of Tuesday because of a software issue that has since been fixed, according to the company, which has experienced several outages this year. “We’ve resolved a software issue that disrupted the ability of a limited number

By Ramishah Maruf, CNN New York (CNN) — Pizza Hut is offering customers moving to a few cities something extra through its packaging. The pizza chain is offering a special pizza box that turns into a miniature table with an order of a large regular-priced pizza in Dallas, Texas; Charlotte, North Carolina; and Orlando, Florida.

By Ramishah Maruf and Elizabeth Wagmeister, CNN New York (CNN) — Yet another podcast has inked a deal upwards of $100 million. Brothers and NFL stars Jason and Travis Kelce signed a deal with Amazon’s podcast studio Wondery for their “New Heights with Jason & Travis Kelce” podcast. The agreement brings exclusive ad-sales and distribution

By Anna Chernova, Nathan Hodge and Joshua Berlinger, CNN Paris (CNN) — The Kremlin is trying to calm fears that the arrest of Telegram founder Pavel Durov in France could upend the messaging platform, which is extremely popular in Russia and plays a key role in coordinating the war effort in Ukraine. Russian government spokesman

By Bryan Mena, CNN Washington (CNN) — With the Federal Reserve all but confirmed to cut interest rates next month, there is finally some light at the end of the tunnel for Americans grappling with the most unaffordable housing market in decades. But the old saying that “real estate is local” still rings painfully true.

By Juliana Liu and Joyce Jiang, CNN Hong Kong (CNN) — IBM is cutting more than 1,000 jobs in China, according to multiple state media reports, as geopolitical tension between Beijing and Washington prompts many global companies to reassess their future in the world’s second-largest economy. Relations between the United States and China have deteriorated

By Jordan Valinsky, CNN New York (CNN) — Stop & Shop locations will stop selling cigarettes and tobacco products this month, joining other major chains that have also ceased sales of the unhealthy products. The supermarket chain, which has about 360 stores primarily in the US northeast, said the changes are part of its “commitment

By Ramishah Maruf, CNN New York (CNN) — Martin Shkreli, the infamous “pharma bro” once convicted of securities fraud, must turn over to his attorneys all copies of what was supposed to be a multi-million-dollar, one-of-a-kind Wu-Tang Clan album and is barred from selling or distributing the album, a federal judge ruled. Judge Pamela Chen

By Colin McCullogh, CNN (CNN) — Mark Zuckerberg, chairman and CEO of the social media company Meta, said in a letter to the House Judiciary committee on Monday that his teams were “pressured” by the Biden White House to censor some content around the Covid-19 pandemic. “In 2021, senior officials from the Biden Administration, including the

By Jeanne Sahadi, CNN (CNN) — Many US retailers offer the option to get cash back when you make a purchase with a bank debit card or prepaid card. But some charge a fee for that convenience. It certainly can save you time because you don’t need to make a stop at an ATM. And

By Jeanne Sahadi, CNN (CNN) — The Federal Trade Commission said Monday that Care.com had agreed to a proposed $8.5 million settlement to address what the FTC called “unlawful practices,” which include misleading both the job seekers and job posters who use the site. “Care.com used inflated job numbers and baseless earnings claims to lure

CNN By Clare Duffy, CNN New York (CNN) — The arrest of Telegram CEO Pavel Durov in France over the weekend has thrust the popular messaging service and its enigmatic founder into the spotlight. Russian-born Durov was detained Saturday at Paris’s Bourget Airport on a warrant related to Telegram’s lack of moderation. Those charges include

By Clare Duffy, CNN New York (CNN) — The arrest of Telegram CEO Pavel Durov in France over the weekend has thrust the popular messaging service and its enigmatic founderinto the spotlight. Russian-born Durov was detained Saturday at Paris’s Bourget Airport on a warrant related to Telegram’s lack of moderation. Those charges include allegations that

By Ramishah Maruf, CNN New York (CNN) — Apple has announced the date of its next major event, where the iPhone 16 is expected to launch. On Monday, September 9 the tech giant is hosting a special event with the tag line “It’s Glowtime.” The event will take place at 10 am PT at the

By Krystal Hur, CNN New York (CNN) — US stocks were mixed Monday afternoon as investors looked to a key earnings report and a slew of economic data points due later this week. The Dow rose 87 points, or 0.2%, on Monday afternoon. The S&P 500 fell 0.2% and the Nasdaq Composite lost 0.8%. Global

By Jordan Valinsky, CNN New York (CNN) — Roughly two dozen more Red Lobster locations are scheduled to close within the coming days as part of the seafood restaurant chain’s ongoing bankruptcy proceedings. A recent court filing shows that the company is rejecting the leases of an additional 23 locations by Saturday, August 31, joining

By Samantha Delouya, CNN (CNN) — Homebuying in the United States has recently slowed to a crawl, but falling mortgage rates could soon jolt it back to life. For potential homebuyers who may have been itching to come off the sidelines, the recent drop in mortgage rates may be a double-edged sword. Lower rates could

By Elisabeth Buchwald and Bryan Mena, CNN (CNN) — It’s been another rollercoaster of a year so far for the US housing market. Elevated mortgage rates and home prices have pushed prospective homebuyers to the sidelines. In addition, homeowners have been reluctant to put their properties on the market and risk potentially forfeiting the ultra-low

By Alicia Wallace and Matt Egan, CNN (CNN) — Last year, consumers shelled out big bucks for their back-to-school shopping needs, spending a record $41.5 billion, according to estimates from the National Retail Federation. That whopping tally, which amounted to more than $890 per household, bested 2021’s all-time high by roughly 12%. While higher prices

By Nathaniel Meyersohn, CNN New York (CNN) — It’s never been harder to be Mister Softee. Once, there were more than 2,000 Mister Softee trucks in 38 states during the company’s peak in the 1960s. Now, there are only around 630 Mister Softee trucks looping around neighborhoods and parks in 21 states. Competition and rising

By Jordan Valinsky, CNN New York (CNN) — In the waning weeks of summer, the hottest spot for celebrities to be seen in New York isn’t the beaches of Montauk or the polo fields in Bridgehampton. Rather, it’s slightly uncomfortable, blue plastic chairs in Queens — but surrounded by luxury. Monday kicks off the US

By Hadas Gold, CNN New York (CNN) — A new presidential candidate, a slew of celebrities and slick programming helped propel Democrats and Vice President Kamala Harris to a ratings win at this week’s Democratic National Convention, surpassing the television viewership of last month’s Republican gathering. Viewership of the four-day festivities in Chicago drew an

By Liam Reilly, CNN New York (CNN) — As opening statements in the murder trial of Robert Telles began last week, the Las Vegas Review-Journal was confronted with a nightmarish question: How does a newspaper cover the trial of a suspect accused of murdering one of its own reporters? The once-unimaginable prospect is one the