CNN – Business/Consumer

By Bryan Mena, CNN Washington (CNN) — President Donald Trump on Monday said he had fired Federal Reserve Governor Lisa Cook — the first Fed governor ever to be placed in that position — citing allegations of mortgage fraud. But before the Trump administration thrust Cook into the spotlight, she was already known for being

By Lisa Eadicicco, CNN (CNN) — Apple is holding an event on September 9, the company said in an invitation to the press Tuesday, where it will likely announce the iPhone 17 and new Apple Watches, among other potential new devices. Apple rarely shares details about future products before announcing them, but the company has

By Elisabeth Buchwald, CNN (CNN) — Federal Reserve Governor Lisa Cook’s attorney, Abbe Lowell, announced on Tuesday he is filing a lawsuit to challenge President Donald Trump’s attempt to fire her on Monday evening. “President Trump has no authority to remove Federal Reserve Governor Lisa Cook. His attempt to fire her, based solely on a

By Chris Isidore, CNN (CNN) — It might not feel like fall. Beaches are still full this week ahead of Labor Day, and school hasn’t started in much of the country. Temperatures are still in the 80s in some places. But at Starbucks, fall arrives Tuesday, with the return of the Pumpkin Spice Latte –

By Gordon Ebanks, CNN (CNN) — Thousands of jobs are in jeopardy after the White House halted construction on a nearly complete wind farm in Rhode Island, the latest volley by the Trump administration against wind power. Danish clean energy company Ørsted, one of the project’s developers, received an order late Friday from the Bureau

By Nic F. Anderson, CNN (CNN) — Ludrick Cooper, an eighth-grade teacher in South Carolina, didn’t always like the idea of using artificial intelligence – in the classroom or otherwise. But he eventually came around. “This is the new encyclopedia,” said Cooper, who loved reading encyclopedias growing up. Cooper is just one of many teachers

CNN, POOL, GETTY, FOX BIZ By Elisabeth Buchwald, Bryan Mena, CNN (CNN) — President Donald Trump on Monday said he has fired Federal Reserve Governor Lisa Cook, according to a letter addressed to her posted on his social media — the first instance of a president firing a central bank governor in the central bank’s

By John Liu, CNN Hong Kong (CNN) — Diplomats in Southeast Asia were among global entities targeted by a China-linked cyber espionage group earlier this year, Google has announced, adding the group “likely aligned with the strategic interests” of the Chinese government. Google Threat Intelligence Group found that the campaign in March hijacked target web

By John Liu, Gawon Bae, CNN (CNN) — South Korea business heavyweights including Korean Air and Hyundai unveiled multibillion-dollar deals in the United States on Monday, following the summit between the two countries’ leaders in Washington, DC. At least four Korean conglomerates have announced deals and investment plans worth tens of billions of dollars, such

By Elisabeth Buchwald, Bryan Mena, CNN (CNN) — President Donald Trump on Monday said he has fired Federal Reserve Governor Lisa Cook, according to a letter addressed to her posted on his social media — the first instance of a president firing a central bank governor in the central bank’s 111-year history. The unprecedented move

By Ramishah Maruf, CNN New York (CNN) — President Donald Trump said Cracker Barrel should go back to its logo Tuesday, a day after the chain said it could have done a better job in its restaurant revamp. “Cracker Barrel should go back to the old logo, admit a mistake based on customer response (the

By Matt Egan, CNN New York (CNN) — Texas manufacturers continue to express frustration over the Trump administration’s volatile tariff playbook and the impact of high borrowing costs. “Tariff Bingo is tough,” one furniture manufacturer told the Federal Reserve Bank of Dallas in a survey released Monday. “We are probably going out of business within

By Samantha Delouya, Bryan Mena, CNN (CNN) — President Donald Trump said late on Monday that he has fired Federal Reserve Governor Lisa Cook, citing allegations of mortgage fraud that haven’t been taken to court. There’s still a lot we don’t know about the situation. The firing, in a letter that was also posted to

By Chris Isidore, Auzinea Bacon, CNN (CNN) — Move over, CEOs. Someone else might be angling to weigh in on your company: the president of the United States. President Donald Trump has brought a transactional mindset to the White House, one in which the US government isn’t just a regulator but a participant. The administration

By Auzinea Bacon, CNN (CNN) — In just two days, Netflix’s “KPop Demon Hunters” sing-along surged to the No. 1 spot at the domestic box office, reportedly selling out more than 1,000 screens as fans seized the one-weekend opportunity. The streaming giant’s limited-release event was an unexpected win for the animated movie, which was released

Story by Reuters (Reuters) — Billionaire entrepreneur Elon Musk’s artificial intelligence startup xAI sued Apple (AAPL) and ChatGPT maker OpenAI in U.S. federal court in Texas on Monday, accusing them of illegally conspiring to thwart competition for artificial intelligence. Apple and OpenAI have “locked up markets to maintain their monopolies and prevent innovators like X

By Liam Reilly, Alejandra Jaramillo, Isabelle D’Antonio, CNN (CNN) — President Donald Trump on Sunday threatened to investigate Chris Christie over a decade-old political scandal and revoke ABC News’ broadcasting license after the Disney-owned network aired an interview in which the former governor sharply criticized the president. “Donald Trump sees himself as the person who

By Lianne Kolirin, CNN London (CNN) — Keurig Dr Pepper will acquire JDE Peet’s – whose brands include Douwe Egberts, Kenco and Peet’s Coffee – for more than $18 billion and split into two listed businesses. The company behind Dr Pepper and 7Up drinks and Keurig coffee products is set to separate into a soft

By Jeanne Sahadi, and Luciana Lopez, CNN (CNN) — Federal Reserve Chair Jerome Powell hinted interest rate cuts could be coming soon in a speech on Friday, a move that could affect everyone from global markets to individual Americans. Powell underscored that any upcoming rate cut would be dependent on the economic data. But Fed

By John Towfighi, CNN (CNN) — Tech companies are giving the world artificial intelligence — but ironically, the tech sector itself is among those now feeling the most pain from AI. The rise of AI tools that can write and develop code is clouding the outlook for the software industry, investors say, sending shares in

By Michelle Watson, CNN (CNN) — The Powerball jackpot has soared to $815 million after there were no big winners in Monday’s drawing, marking the 7th largest prize in the game’s history. Monday’s winning numbers – 16, 19, 34, 37, 64 with a red Powerball of 22 and a Power Play multiplier of 3 –

By Ramishah Maruf, CNN New York (CNN) — Like many Labubu fans, 28-year-old Joselyn Chamorro is over the craze. Waiting in overnight lines to buy the $30 mischievous dolls, or shelling out $100 to resellers, has lost its appeal. So when she saw a gas station in Lakeland, Florida, was selling fake Labubus — known

By Auzinea Bacon, CNN (CNN) — International postal services are suspending shipments to the United States after an exemption on tariff duties for small packages is set to expire. It’s the latest example of how President Donald Trump’s sweeping trade policy is impacting US consumers and businesses. Beginning Friday, the “de minimis” exemption, which allowed

By Alicia Wallace, CNN (CNN) — When tariffs are tacked on to many imported goods, someone’s got to foot the bill. According to President Donald Trump, foreign countries and overseas businesses are eating the cost. But evidence shows that American consumers and businesses are paying for the tariffs the administration has implemented as its go-to

By Auzinea Bacon, CNN (CNN) — Drive-ins helped movie theaters stay afloat during the pandemic, when their fate was in serious doubt. Now, years later, drive-in theaters are still providing a small but meaningful boost for the industry. Drive-ins accounted for a significant portion of box office revenue in 2020, due to social distancing policies

By Gordon Ebanks, CNN (CNN) — With back-to-school season in full swing, families across the country are continuing to feel the sting of high prices. In May and June, before the latest round of the Trump administration’s tariffs, the U.S. Chamber of Commerce estimated that tariffs on back-to-school items had risen to 18% (up from

By Michelle Watson, Karina Tsui, CNN (CNN) — With an estimated $750 million jackpot, Monday’s Powerball draw will be the 10th largest in the game’s history after no player matched all six number in Saturday’s draw, the Multi-State Lottery Association said in a press release. Saturday night’s jackpot was already one of the largest prizes

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump on Friday announced he’s directing his administration to investigate imports of furniture into the United States that will lead to higher tariffs by October. “Within the next 50 days, that Investigation will be completed, and Furniture coming from other Countries into the United States will be

By John Towfighi, CNN (CNN) — Stocks surged Friday and the Dow closed at its first record high of the year after Federal Reserve Chair Jerome Powell signaled interest rate cuts could be on the way. The Dow rose 846 points, or 1.89%, to close at an all-time high of 45,631.74. It’s the Dow’s first

By Bryan Mena, CNN Washington (CNN) — The job market is on such shaky ground that the Federal Reserve may soon need to cut interest rates to support the economy, Fed Chair Jerome Powell said Friday at a key central banking forum. In one of his most consequential speeches, Powell suggested the labor market could