CNN – Business/Consumer

By Jeanne Sahadi, CNN (CNN) — If you plan to max out your contributions to your 401(k) or IRA next year, you will get to save a little more than you could this year. The IRS on Thursday announced cost-of-living adjustments to federal contribution limits for 2026 for key retirement savings vehicles. 401(k) participants will

By Lisa Eadicicco, CNN (CNN) — You can already buy almost anything with the click of a mouse. Now tech giants are preparing for an AI helper to do even that for you one day. Google, Amazon and OpenAI are racing to add new AI-powered shopping tools to their services, all aiming to play a

By Jack Guy, CNN London (CNN) — Apple has built its reputation on cutting-edge devices and sleek design, but the company’s latest product is decidedly more low-tech. The iPhone Pocket is a knitted strap developed in conjunction with fashion designer Issey Miyake, “born from the idea of creating an additional pocket,” Apple (AAPL) announced in

By Chris Isidore, CNN (CNN) — Relatively few people fly Spirit Airlines – but the company could still affect how much you pay for your holiday travel, even if recent government-mandated flight cancellations end. For years, Spirit has had an outsized effect on fares across the industry. The discount carrier’s rock-bottom fares forced much larger

By Samantha Delouya, CNN (CNN) — The Trump administration has another idea to make housing more affordable: Let homeowners take their mortgage rate with them when they move. On Wednesday, Federal Housing Finance Agency Director Bill Pulte said the administration is “actively evaluating” so-called portable mortgages. The proposal aims to address the housing market’s lack

By Matt Egan, CNN New York (CNN) — Austin H. can’t wait to buy a house and start a family. But right now, the 34-year-old is barely getting by. Austin is living paycheck to paycheck and saving almost no money, one of the millions of Americans struggling to make ends meet in an increasingly unaffordable

By Brian Stelter, CNN (CNN) — The BBC board held an unexpected meeting on Wednesday as the British broadcaster stares down a legal threat from President Trump, a source told CNN. The person, who had direct knowledge of the meeting, said the board is not planning to issue any immediate statement afterward. A BBC spokesperson

By Lisa Eadicicco, CNN (CNN) — Creating revolutionary pharmaceutical drugs, testing new materials for cars and simulating how market scenarios can affect banks — these are just some of the tasks that could take months or years to develop, even with the most advanced computers. But what if that timeframe could be cut down to

By John Towfighi, CNN New York (CNN) — The Dow surged higher on Tuesday, bolstered by optimism that the US government shutdown might come to an end this week. The Dow gained 559 points, or 1.18%, and closed at a record high of 47,927.96. The broader S&P 500 gained 0.21%. Meanwhile, the tech-heavy Nasdaq Composite

By Lily Hautau, CNN (CNN) — The Mega Millions jackpot is approaching $1 billion dollars after there were no big winners in Tuesday’s drawing. The estimated prize for Friday’s drawing is $965 million – the eighth largest since the game began in 2002, Mega Millions said. The estimated cash payout is $445.3 million. The winning

By Jordan Valinsky, CNN New York (CNN) — Patrick M. D’Aoust probably didn’t expect his anniversary trip to end early, but he definitely didn’t think he’d have just 15 minutes to vacate his room. The early ejection wasn’t because of a fire or a fight, but a bankruptcy. Sonder, a short-term rentals company abruptly collapsed

By Jordan Valinsky, CNN New York (CNN) — Purveyors of the so-called “slop bowl” just had another messy quarter. What was once the lowly desk salad has since expanded to a mish-mosh of options in a bowl, ranging from proteins like carne asada and lamb meatballs to toppings like tzatziki or red chimichurri, and has

By Samantha Delouya, CNN (CNN) — Most first-time homebuyers in the United States take out 30-year mortgages. Under a new proposal from the Trump administration, they may soon have an even longer loan option. This week, President Donald Trump introduced a new idea to tackle home affordability: a 50-year mortgage loan. Federal Housing Finance Agency

By Gordon Ebanks, CNN (CNN) — Veterans Day, which commemorates all those who serve in the US military, has been a federal holiday since 1954 and has been observed in some form for over a century — it originally commemorated the end of World War I. Because the day is a federal holiday, many government

By Tim Lister, Mohammed Tawfeeq, CNN (CNN) — The Iraqi government says it can no longer work with Russian oil company Lukoil – which has a huge stake in the country’s oil fields – because of recently imposed US sanctions against the company. Lukoil has told Iraq’s state oil company SOMO that it is declaring

By Jordan Valinsky, CNN New York (CNN) — Warren Buffett, in his annual message as CEO of Berkshire Hathaway to shareholders – a tradition dating back to 1965 – said that he will be “going quiet” after he steps down at the end of this year. But the 95-year-old is not going away just yet.

By David Goldman, Elisabeth Buchwald, CNN (CNN) — President Donald Trump, embattled by America’s growing affordability problems, has once again floated a unique solution: Sending Americans rebate checks for the tariffs that his administration has collected. “People that are against Tariffs are FOOLS!” Trump posted on Truth Social Sunday. “A dividend of at least $2000

By Brian Stelter, CNN (CNN) — The BBC is embroiled in a massive political fight over its future, with conservatives capitalizing on an editing screw-up and denouncing the British broadcaster while liberals argue that the institution is flawed but worth defending. On Monday, Trump intensified the pressure by sending a threatening legal letter to the

By Gordon Ebanks, CNN (CNN) — Visa and Mastercard have a potential deal with retailers that would lower fees for merchants, potentially lowering prices but threatening prized consumer rewards. The deal, which is still subject to court approval, could mean big changes for businesses and consumers. In 2024, over a third of all purchases were

By Jeanne Sahadi, CNN (CNN) — Americans have strong views on paying extra fees and tipping for services, especially at the holidays. But what about when making online donations? The holiday season is usually a big one for charitable contributions. Take Giving Tuesday – which falls on the first Tuesday after Thanksgiving in the United

By Chris Isidore, CNN (CNN) — The federal government is ordering flight cuts at 40 major airports because of the shutdown – but it’s flyers in places like Pensacola, Florida; Moline, Illinois; Waco, Texas; and Shreveport, Louisiana who will have it the hardest. That’s because small feeder flights are largely the ones getting canceled, not

By John Towfighi, CNN New York (CNN) — Tech stocks took a bruising this week as nerves persist about expensive valuations and a potential artificial intelligence bubble. The Nasdaq Composite closed lower by 0.21% on Friday. The tech-heavy index fell 3.04% across the week and suffered its worst week since early April, when President Donald

By Jordan Valinsky, CNN New York (CNN) — Wendy’s is set to close hundreds of locations across the United States as part of its turnaround plan. Interim CEO Ken Cook announced Friday that a “mid single-digit percentage” of Wendy’s approximately 6,000 US locations could close, which would amount to around 200 to 350 restaurants. Affected

By Elisabeth Buchwald, CNN (CNN) — The record-breaking government shutdown has left Americans feeling worse about the economic outlook. That’s according to the latest University of Michigan consumer sentiment survey, which showed the index falling to 50.3 this month from 53.6 in October. It’s the lowest level since June 2022, which marked the lowest reading

By Samantha Delouya, CNN (CNN) — When Stacy Morgan and her husband, Brandon Dodick, bought their beach house in Buxton, North Carolina, in May, they imagined one day spending their retirement there. Five months later, the house was gone. Theirs was one of 27 beachfront homes in Buxton and Rodanthe, two villages on Hatteras Island,

By Clare Duffy, CNN New York (CNN) — OpenAI, the world’s leader in AI and ChatGPT parent company, went into panic mode on Thursday over what it said was a very public misstatement. Two top executives furiously backtracked from an earlier comment that suggested OpenAI might need government support to cover the $1.4 trillion in

CNN By Chris Isidore, CNN (CNN) — Tesla shareholders approved a pay package on Thursday that could make CEO Elon Musk, already the world’s richest person, the world’s first trillionaire. Tesla announced that more than 75% of shares voted in favor of the pay package during the company’s annual shareholder meeting. The vote didn’t include

By Chris Isidore, CNN (CNN) — Tesla shareholders approved a pay package on Thursday that could make CEO Elon Musk, already the world’s richest person, the world’s first trillionaire. Tesla announced that more than 75% of shares voted in favor of the pay package during the company’s annual shareholder meeting. The vote didn’t include the

By Chris Isidore, CNN (CNN) — Airline passengers were already looking at higher fares and packed planes this holiday season. But the holiday headaches might get much worse as the government shutdown causes flight reductions at major airports. The Trump administration is reducing traffic at 40 airports across the United States starting Friday as long