CNN – Business/Consumer

By John Towfighi, CNN New York (CNN) — US stocks gained on Monday, capping off a strong month and a remarkable second quarter for Wall Street. The Dow closed higher by 276 points, or 0.63%. The broader S&P 500 rose 0.52% and the tech-heavy Nasdaq Composite gained 0.47%. The S&P 500 and Nasdaq both closed

By Clare Duffy, CNN New York (CNN) — Joshua Aaron has worked in and around the tech industry for around two decades. He built his first app — a blackjack game — at computer camp when he was 13. His newest app is designed for a very different purpose: to let users alert people nearby

CNN By Clare Duffy, CNN New York (CNN) — Joshua Aaron has worked in and around the tech industry for around two decades. He built his first app — a blackjack game — at computer camp when he was 13. His newest app is designed for a very different purpose: to let users alert people

By Jordan Valinsky, CNN New York (CNN) — Luckin Coffee, the fast-growing chain that beat Starbucks at its own game in China, is entering the United States. Its first two US locations are opening Monday — both in New York City — marking an escalation in competition against Starbucks and other coffee chains, such as

By Samantha Delouya, CNN (CNN) — Despite daunting market conditions, America’s youngest generation of adults is managing to break into the housing market in growing numbers. Members of Generation Z, the cohort between the ages of 13 and 28, came of age during the economic upheaval of the Covid-19 pandemic. In the years since, home

By Auzinea Bacon, CNN (CNN) — A large sum of riches descended upon Venice, Italy, over the last few days for the lavish wedding of Jeff Bezos and Lauren Sanchez. Opulence has been on full display as some of the famous attendees arrived at the canal city by private planes, helicopters and yachts before they

By Sean Lyngaas, CNN (CNN) — A notorious cybercriminal group has shifted its attention to the aviation industry, successfully breaching the computer networks of multiple airlines in the United States and Canada this month, according to the FBI and private experts responding to the hacks. The hacking hasn’t affected airline safety, but it has top

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump said Friday he has put an end to trade talks with Canada and will soon announce a new tariff rate for that country, he said in a Truth Social post on Friday. The decision to end negotiations, which have been ongoing for several months, came after

By John Towfighi, CNN New York (CNN) — The Treasury Department and Congress on Thursday moved to kill a so-called revenge tax that was set to raise taxes on foreign investment and had spooked Wall Street and global business leaders. Treasury Secretary Scott Bessent on Thursday announced a deal with G7 partners that will exclude

By Auzinea Bacon, CNN (CNN) — Venice, Italy, can expect to reap a $1.1 billion reward from Jeff Bezos and Lauren Sanchez’s controversial, star-studded wedding, according to Italy’s Tourism Ministry. The ministry said Friday that the event, which has been met with fierce pushback from some Venetians, could provide a boost of almost 68% of

By John Towfighi, CNN (CNN) — Treasury Secretary Scott Bessent on Friday said he thinks trade negotiations could be “wrapped up” by Labor Day, providing a more relaxed framework for inking deals than the previously prescribed July 9 deadline. Bessent said in an interview on Fox Business that the United States has 18 “important trading

By Hadas Gold, CNN (CNN) — Last week, Grok, the chatbot from Elon Musk’s xAI, replied to a user on X who asked a question about political violence. It said more political violence has come from the right than the left since 2016. Musk was not pleased. “Major fail, as this is objectively false. Grok

By Jordan Valinsky, CNN New York (CNN) — The dreaded “blue screen of death” that has tormented millions of Windows users for decades is being put to rest. Microsoft is ditching the notorious feature that appears on Windows computers in the coming months, “streamlining the unexpected restart experience” with a new black-colored screen, the company

By Jack Guy, CNN (CNN) — The Danish government is planning to tackle the issue of AI-generated deepfakes by granting citizens property rights over their likeness and voice. The proposed legislation would mean that people who find that their features have been used to create a deepfake would have the right to ask the platforms

By Alicia Wallace, CNN (CNN) — The US economic engine sputtered in May: Consumer spending declined for the first time since January, according to new data released Friday that also showed inflation heated up on an annual basis. The Commerce Department report showed that consumer spending fell 0.1% last month after rising 0.2% in April.

By David Goldman and John Towfighi, CNN New York (CNN) — The US stock market on Friday hit an all-time high, its first since mid-February. It marked the culmination of a remarkable recovery on Wall Street since flirting with bear market territory in early April. The S&P 500 gained 0.5%, to close at a record

By Nathaniel Meyersohn. Video by Maya Blackstone, CNN New York (CNN) — Over the last few years, Starbucks pulled out 30,000 comfortable seats, installed hard wooden stools, blocked electrical outlets and turned stores into takeout counters for customers picking up orders off its mobile app. The changes backfired and customers left for local coffee shops

CNN By Nathaniel Meyersohn. Video by Maya Blackstone, CNN New York (CNN) — Over the last few years, Starbucks pulled out 30,000 comfortable seats, installed hard wooden stools, blocked electrical outlets and turned stores into takeout counters for customers picking up orders off its mobile app. The changes backfired and customers left for local coffee

By John Liu and Simone McCarthy, CNN Hong Kong (CNN) — China on Friday signaled it would approve the export of rare earth minerals to the US, hours after White House officials said the two sides had reached a deal, in what would be a major breakthrough following weeks of negotiations over US access to

By Jeanne Sahadi, CNN (CNN) — Jeff Bezos and Lauren Sanchez may or may not have chosen to sign a prenuptial agreement before getting married. Such agreements normally detail what each person will take away in terms of assets, debts and spousal support should the marriage end in divorce or death. Bezos — the founder

By Brian Stelter, CNN (CNN) — President Trump has ratcheted up his rhetorical battle over recent US airstrikes in Iran by having an attorney send legal letters to CNN and The New York Times demanding retractions of accurate reports. On Thursday evening a CNN spokesperson confirmed that the network responded to the letter by rejecting

By James Frater and Ramishah Maruf, CNN (CNN) — Some European Union leaders discussed a rethinking of the World Trade Organization, the entity at the center of the global trading system, at the European Council meeting on Thursday night in Brussels. “If the WTO continues to be incapable of working,” German Federal Chancellor Friedrich Merz

By Chris Isidore, CNN (CNN) — It was horrifying enough for anyone when a door plug popped off an Alaska Airlines flight at more than 16,000 feet last year, causing an explosive decompression. But one mother’s nightmare was particularly acute, as she thought she lost her baby out of the gaping hole in the side

By Liam Reilly, CNN (CNN) — Tucker Carlson’s podcast surged up the YouTube and Spotify charts last week, buoyed by his confrontational interview with Senator Ted Cruz and his feud with fellow MAGA media stars over the Israel-Iran conflict. According to the latest available data, “The Tucker Carlson Show” jumped to No. 5 on YouTube’s

By Alicia Wallace, CNN (CNN) — Some of President Donald Trump’s steepest tariffs are on products like washing machines, and on Thursday, GE Appliances said it would spend a half a billion dollars to make even more of them in the United States. Tariffs, however, weren’t the driving factor behind the decision, the company’s CEO

By Lisa Eadicicco and Hadas Gold, CNN New York (CNN) — Trump Mobile, the wireless service provider and phone company launched by the Trump Organization, no longer promises on its website that its upcoming smartphone will be made in America. The company adjusted language on its website on or around June 22 to drop the

By John Towfighi, CNN New York (CNN) — The S&P 500 on Thursday flirted with closing at an all-time high, vying to complete a whirlwind roundtrip that saw the benchmark US stock index shed and then regain roughly $9.8 trillion in market value across just four months. The S&P 500 has been on a roller

By Bryan Mena, CNN Washington (CNN) — A deluge of economic data released Thursday should have provided a clearer picture of how the US economy is faring in the face of President Donald Trump’s massive policy shifts. But the latest numbers were a mixed bag, leaving economists still scratching their heads. Gross domestic product, the

By Clare Duffy, CNN New York (CNN) — A measure tucked in President Donald Trump’s sweeping domestic policy bill making its way through Congress would effectively block states from enforcing artificial intelligence-related regulations for the next decade, a rule that’s alarming some followers of the tech world. The proposed moratorium comes as AI extends into