Biz/Tech

By Jordan Valinsky, CNN New York (CNN) — Kohl’s is closing 27 stores across more than a dozen states as the struggling retailer looks to improve profitability. The closures, to be completed by April, are a small fraction of the chain’s 1,150 stores and were listed as “underperforming,” according to a press release. Kohl’s said

By Nikki Carvajal and Juliana Liu, CNN Washington/Hong Kong (CNN) — The Biden administration has issued new restrictions on the export of US-developed computer chips that power artificial intelligence (AI) systems, in a final effort to prevent rivals like China from accessing the advanced technology, just a week before leaving office. The fresh curbs, the

By Auzinea Bacon, CNN (CNN) — Meta’s decision to end its fact-checking program looks like the company is “caving” to political pressures, said Meta’s oversight board co-chair Michael McConnell. McConnell, who is a law professor at Stanford University, told NPR on Friday that he would have liked to have seen changes made during “less contentious

By John Towfighi, CNN New York (CNN) — New York City’s long-awaited, long-debated congestion pricing began on January 5, marking a new era for driving into Manhattan. Congestion pricing could generate revenue many cities are desperate for, while simultaneously easing traffic and improving air quality. But legal challenges and President-elect Donald Trump’s opposition could determine

CNN By Hadas Gold, CNN (CNN) — Meta is ending its diversity, equity and inclusion programs, known as DEI, the company said Friday, becoming the latest company to pull back from such practices in the wake of pressure from conservative critics and customers. Meta is eliminating the company’s DEI team, ending “equity and inclusion programs

By Auzinea Bacon, CNN (CNN) — Some of the fastest-growing jobs for 2025 barely existed at the turn of the century, according to a new analysis from LinkedIn. LinkedIn examined millions of jobs based on user updates from January 2022 to July 2024, determining noticeable growth in the artificial intelligence industry, as well as newfound

By Auzinea Bacon, CNN (CNN) — Tens of thousands of California residents will decide whether to permanently relocate or rebuild their homes after the most destructive fires in Los Angeles’ history. Insurance companies may cover thousands of dollars in temporary housing and living expenses — unless homeowners are underinsured or not covered. “The policy is

CNN By Clare Duffy, CNN New York (CNN) — TikTok’s fate in the United States is now in the hands of the Supreme Court. And things are not looking good for the app. The Supreme Court on Friday heard oral arguments over the law that could ban TikTok in the United States. The law, signed

By Samantha Delouya and Stephanie Becker, CNN (CNN) — As the Palisades fire began intensifying Tuesday evening, Los Angeles real estate executive Keith Wasserman sent out a plea on social media: “Does anyone have access to private firefighters to protect our home in Pacific Palisades? Need to act fast here. All neighbors houses burning. Will

By Clare Duffy, CNN New York (CNN) — TikTok’s fate in the United States is now in the hands of the Supreme Court. And things are not looking good for the app. The Supreme Court on Friday heard oral arguments over the law that could ban TikTok in the United States. The law, signed by

By Paula Newton and Matt Egan, CNN (CNN) — Canada is preparing to retaliate with an exhaustive list of tariffs on American goods if President-elect Donald Trump follows through with his plans to add a steep 25% import tax on Canadian goods, people familiar with the matter told CNN. The preparations show how raising tariffs

By Hadas Gold, CNN (CNN) — Meta is ending its diversity, equity and inclusion programs, known as DEI, the company said Friday, becoming the latest company to pull back from such practices in the wake of pressure from conservative critics and customers. Meta is eliminating the company’s DEI team, ending “equity and inclusion programs and

CNN By John Towfighi, CNN New York (CNN) — US stocks plunged Friday as investors digested a better-than-expected jobs report that soured expectations of future rate cuts from the Federal Reserve. The Dow dropped by 697 points, closing at 41,938, while the S&P 500 fell by 1.5% and the tech-heavy Nasdaq index was lower by

By Jeanne Sahadi, CNN (CNN) — The official start date of this year’s tax filing season will be January 27, the IRS said Friday. That is the first day the agency will start accepting and processing 2024 income tax returns. “This has been a historic period of improvement for the IRS, and people will see

By John Towfighi, CNN (CNN) — Vince McMahon agreed to pay $1.7 million to settle Securities and Exchange Commission charges over settlements he made on behalf of himself and World Wrestling Entertainment without properly disclosing them to the company’s board of directors, the SEC announced Friday. McMahon, the former chief executive of WWE, made two

By Alicia Wallace, CNN (CNN) — Americans on the hunt for a new job are facing the lowest level of hiring in a decade, and time spent on unemployment is getting longer. Numbers, however, tell only part of the story. Have you been out of work and actively searching for a job for several months

By John Towfighi, CNN New York (CNN) — US stocks plunged Friday as investors digested a better-than-expected jobs report that soured expectations of future rate cuts from the Federal Reserve. The Dow dropped by 697 points, closing at 41,938, while the S&P 500 fell by 1.5% and the tech-heavy Nasdaq index was lower by 1.6%.

By Jordan Valinsky, CNN New York (CNN) — Hoda Kotb, the co-host of NBC’s “Today,” signed off Friday, ending a nearly two-decade long run with the morning show. As part of her send-off, the program showed a retrospective of her time with “Today,” filled with memories from her co-anchors, including Savannah Guthrie, Craig Melvin, Al

By Liam Reilly, CNN New York (CNN) — Venu Sports, the joint streaming service from Warner Bros. Discovery, Fox Corp., and Disney, has been discontinued before its launch, the trio announced in a surprise move Friday morning. The decision, made collectively by WBD, Fox, and Disney, is effective immediately. “After careful consideration, we have collectively

By Jordan Valinsky, CNN New York (CNN) — Macy’s is closing several dozen stores as part of a previously announced turnaround plan to save the beleaguered retailer. Last year, Macy’s announced it was closing 150 underperforming stores by 2026, shrinking its footprint to about 350 locations when the plan is finished. The 66 store closings

By Clare Duffy, CNN New York (CNN) — Joanne Molinaro’s life changed when she found TikTok. She had clawed all the way up to being a partner at a big Chicago law firm after more than a decade of working in corporate litigation. And it nearly crushed her. “I was thinking to myself … lucky

By Jordan Valinsky, CNN New York (CNN) — It’s not just McDonald’s that is giving its menu a budget-friendly makeover. Other chains have also recently rolled out discounts, signaling that the fast food value meal wars are from over. Dunkin’, KFC, Subway, Taco Bell and Wendy’s have all debuted new promotions this month, continuing last

By Alicia Wallace, CNN (CNN) — The US economy closed out 2024 with another month of massive job growth, adding 256,000 positions in December. The unemployment rate dipped to 4.1% from 4.2%, wrapping up a year that marked a return to pre-pandemic norms, according to Bureau of Labor Statistics data released Friday. While the final

By Marshall Cohen, CNN Washington (CNN) — A New York appeals court ruled Thursday that Fox Corporation must face Smartmatic’s mammoth defamation lawsuit over the airing of 2020 election lies on Fox News, dealing a blow to the Rupert Murdoch-controlled media giant. Smartmatic, the voting technology company that Fox News guests and hosts falsely accused

By Matt Egan, CNN New York (CNN) — President-elect Donald Trump’s quest to buy Greenland from Denmark could make Ozempic and Wegovy, the weight-loss and diabetes drugs exploding in popularity, even more expensive for Americans. Trump has cranked up the pressure on Danish officials to sell the strategically important North American island, turning to his

By Clare Duffy, CNN New York (CNN) — A group formed by billionaire entrepreneur and former Los Angeles Dodgers owner Frank McCourt has made a formal offer to buy TikTok from its China-based parent company, ByteDance. The group, which calls itself The People’s Bid for TikTok and is also backed by “Shark Tank”-famous investor Kevin

CNN By Chris Isidore, CNN New York (CNN) — Lynne Levin-Guzman stood in the front yard of her 90-year-old parents’ home in Los Angeles County, California, trying to protect it with a garden hose — because their insurance company no longer would. “I know I’m not supposed to be here, but this is my parents’