CNN – Business/Consumer

By Mauricio Torres, CNN (CNN) — Venezuelan President Nicolas Maduro has said he’s taking steps to ban the social media platform X, formerly Twitter, in the country for 10 days, after a public dispute with its owner Elon Musk over the contested election that Maduro claimed to have won. The embattled Maduro said Thursday that

By Alicia Wallace, CNN (CNN) — Classroom supplies, shoes, clothing and electronics needed for the upcoming school season are expected to cost American families about $875 on average, according to the National Retail Federation. While that’s $15 below last year’s record high, it’s still the second-highest estimate ever. We’d like to hear about your plans for back-to-school spending:

By Clare Duffy, CNN New York (CNN) — Google, X and Discord are among a group of tech giants that could be doing more to address the rising threat of non-consensual explicit images online, according to a letter that a group of senators sent to the companies Friday. The letter criticizes nearly a dozen tech

By Krystal Hur, CNN New York (CNN) — After a prolonged period of calm, financial markets went into a tailspin this week. The Japanese Nikkei 225 index tanked more than 12% on Monday, marking its worst performance since 1987. The S&P 500 sank more than 3% and shed $1.3 trillion in value, notching its worst

By David Goldman, CNN (CNN) — Throughout his presidency, Donald Trump tried to pressure the Federal Reserve into cutting rates — a breach of protocol that threatened to undermine the independence of the central bank and its ability to keep jobs booming and inflation low. If reelected, Trump said Thursday he’d go further: He’d try

By Ramishah Maruf and Clare Duffy, CNN New York (CNN) — A major ad industry group is shutting down, days after Elon Musk-owned X filed a lawsuit that claimed the group illegally conspired to boycott advertising on his platform. “GARM is a small, not-for-profit initiative, and recent allegations that unfortunately misconstrue its purpose and activities

By Elisabeth Buchwald, CNN New York (CNN) — The dog days of summer have traditionally been prime time for retailers to stock shelves with folders, lunch boxes and backpacks. But suddenly those items are sharing real estate with skeletons, witches and ghosts. Coming right on the heels of last year’s Summer Christmas, welcome to Summerween.

CNN By Liam Reilly and Jon Passantino, CNN New York (CNN) — Paramount Global, the storied media conglomerate, announced Thursday it will lay off 15% of its US staff and write down $6 billion in value of its cable television networks as it prepares to merge with Skydance Media. The layoffs, which will affect around

By Liam Reilly and Jon Passantino, CNN New York (CNN) — Paramount Global, the storied media conglomerate, announced Thursday it will lay off 15% of its US staff and write down $6 billion in value of its cable television networks as it prepares to merge with Skydance Media. The layoffs, which will affect around 2,000

By Clare Duffy, CNN New York (CNN) — OpenAI is worried that people might start to rely on ChatGPT too much for companionship, potentially leading to “dependence,” because of its new human-sounding voice mode. That revelation came in a report Thursday from OpenAI on the safety review it conducted of the tool — which began

By David Goldman, CNN (CNN) — The war of words over Delta’s massive service meltdown, set off by CrowdStrike’s disastrous software update, has grown ugly. In a letter sent Thursday to CrowdStrike’s attorneys written by Delta’s high-powered lawyer, David Boies, the airline lashed out at the cybersecurity company, which has apologized for introducing a bug

By Lucy Bayly, CNN New York (CNN) — US stocks surged Thursday after new data on the labor market suggested that the economy may not be headed into the downward spiral that traders feared. The Dow rose 683 points, or 1.8%. The S&P 500 gained 2.3%, notching its best day this year. The Nasdaq Composite

By Samantha Delouya, CNN (CNN) — The total value of the housing market now exceeds $1 trillion in eight US cities, doubling from just four cities last year and underscoring just how much home prices have skyrocketed in a relatively short time, according to a report released Thursday from Redfin. Chicago, Phoenix, Washington and Anaheim,

By Chris Isidore, CNN New York (CNN) — Today is Kelly Ortberg’s first day as CEO of Boeing. He’s already winning praise – for his work location. Ortberg has decided he will work out of Boeing’s offices in Seattle, which had been the company’s home for its first 85 years before it moved its corporate

By Laura He, CNN Hong Kong (CNN) — A comeback rally in Japanese stocks has quickly lost steam, as the specter of a US economic slowdown and further yen volatility cast a long shadow across global financial markets. The Nikkei 225 ended down 0.7% on Thursday, snapping a two-day winning streak. Meanwhile, the yen strengthened

By Erika Tulfo, CNN (CNN) — Costco knows you’re using your friend’s membership card. To save you the embarrassment of telling you off when you’re in the checkout line, now Costco will try to catch membership moochers before they even get in the door. The retailer is implementing stricter policies and cracking down on non-members

CNN By Oliver Darcy, CNN New York (CNN) — The Republican Party’s media allies are yet again struggling to coalesce around a single attack on the Democratic ticket. In the hours since Kamala Harris tapped Tim Walz as her running mate, top figures in right-wing media have thrown everything but the kitchen sink at the

By Ramishah Maruf, CNN New York (CNN) — Some Delta Air Lines passengers whose flights were canceled when the airline melted down due to a global tech outage in July have sued the airline in a class action, alleging that Delta refused or conditioned refunds to passengers as it struggled with mass cancellations. The lawsuit,

By Ramishah Maruf, CNN New York (CNN) — Disney Parks are the latest business to face slowing consumer demand in the face of higher prices. Disney’s parks business underperformed expectations and profit fell somewhat last quarter. Although the company said attendance remained steady and people were spending more, it also acknowledged a slumping economy was

By Krystal Hur, CNN New York (CNN) — US stocks wavered Wednesday, giving back earlier gains as investors tried to recover from the week’s bruising losses. The Dow fell 234 points, or 0.6%, after gaining more than 400 points earlier in the day. The S&P 500 declined 0.8% and the Nasdaq Composite lost 1.1%. CNN’s

By Oliver Darcy, CNN New York (CNN) — The Republican Party’s media allies are yet again struggling to coalesce around a single attack on the Democratic ticket. In the hours since Kamala Harris tapped Tim Walz as her running mate, top figures in right-wing media have thrown everything but the kitchen sink at the Minnesota

By Chris Isidore and Pete Muntean, CNN Washington (CNN) — Seven months of investigations. Nearly 10 hours of hearings. And yet neither Boeing nor the National Transportation Safety Board know how a 737 Max was delivered to Alaska Airlines without the four bolts needed to keep a door plug in place. What is known: Boeing’s

By Jeanne Sahadi, CNN New York (CNN) — For individual investors, the quick-turn global rout in stocks on Monday was unsettling, despite news Tuesday that stocks staged a rally. Also unwelcome: Expectations that volatility will continue for the foreseeable future. Investment strategists at retirement investment advisory firm TIAA expect it to last at least through

By Tami Luhby, CNN (CNN) — Like many manufacturers, DS Smith sorely needed more workers in 2022. The multinational packing company’s corrugated box plant in Lebanon, Indiana, tried billboards, yard signs, jobs fairs and flyers at churches and fast-food restaurants but found it still took an average of three months to fill roles. That meant

By Chris Isidore, CNN New York (CNN) — American drivers are still in love with big, gas-burning trucks and SUVs, and automakers are as eager ever to build them – even as US electric vehicle sales continue to climb. Although traditional automakers have pledged to invest tens of billions of dollars to transition to EVs

By Juliana Liu, CNN Hong Kong (CNN) — Asian markets made solid gains Wednesday, with Japanese shares reversing early losses after a central bank official played down the prospect of an immediate hike in interest rates. The benchmark Nikkei 225 closed 1.2% higher, bouncing back from losses of 2.5% earlier in the session, following fresh

By Peter Valdes-Dapena, CNN (CNN) — More than a year after Hyundai and Kia released new anti-theft software updates, thefts of vehicles with the new software are falling — even as thefts overall remain astoundingly high, according to a new analysis of insurance claim data. The automakers released the updates starting last February, after a tenfold

By Clare Duffy and Ramishah Maruf, CNN New York (CNN) — Elon Musk’s X has accused a group of major advertisers of antitrust violations in a new lawsuit claiming the group conspired to “boycott” advertising on the platform. The lawsuit claims an influential ad industry group organized “to collectively withhold billions of dollars in advertising