Biz/Tech

By Chris Isidore, CNN New York (CNN) — No single business leader did more to support former President Donald Trump’s candidacy than Elon Musk. But the billionaire and his business empire face both positives and negatives after Trump won back the presidency in Tuesday’s election. Musk has donated nearly $119 million so far to a

By David Goldman, CNN New York (CNN) — US stocks rocketed higher Wednesday following a decisive and consequential victory for former President Donald Trump in Tuesday’s US presidential election. The massive rally kicked off in premarket trading and continued through the morning and afternoon trading sessions. The Dow soared by 1,507 points, or 3.57%, to

By Nicole Goodkind and Samantha Delouya, CNN New York (CNN) — US stock futures rose early on Wednesday and bitcoin jumped as Donald Trump was headed for wins in the battleground states of Pennsylvania, Georgia and North Carolina, shrinking Kamala Harris’ possible paths to victory. Futures on the Dow climbed 2.84%, while the S&P 500

By Hadas Gold and Kristen Holmes, CNN New York (CNN) — Journalists from multiple news organizations have been denied credentials to former President Donald Trump’s election night watch event in West Palm Beach, Florida, in retaliation for their coverage of Trump’s campaign. Reporters at Politico, Axios, Puck and Mother Jones were among those denied credentials.

By Clare Duffy, CNN New York (CNN) — Facebook, Instagram, Google and YouTube are clamping down on political ads in an effort to combat misinformation that could undermine trust in the results of a contentious election or stir up unrest. Meta last week began blocking advertisers from creating or running new ads about US social

By Matt Egan, CNN New York (CNN) — Former President Donald Trump’s social media company was temporarily halted – twice – after a sudden and precipitous plunge on Election Day following a massive surge. Shares of Truth Social owner Trump Media & Technology Group, which trades under the symbol “DJT,” briefly turned negative after spiking

By Brian Stelter, CNN New York (CNN) — In an era of abysmally low levels of trust in media, local news sources still retain special connections – and precious credibility – with readers and viewers. Those relationships may prove especially valuable in the coming days as the 2024 election comes to a close. In swing

By Jordan Valinsky, CNN New York (CNN) — Bernard “Bernie” Marcus, the billionaire Home Depot cofounder and a Republican megadonor, who in recent years became an outspoken supporter of former President Donald Trump, has died, the company announced Tuesday. He was 95. “The entire Home Depot family is deeply saddened by the death of our

By Anna Cooban, CNN London (CNN) — Hundreds of Oasis fans are looking back in anger after falling victim to a “landslide” of ticket selling scams. The fans have lost £346 ($449) on average to fraudsters ahead of the British band’s reunion tour next year, with some losing as much as £1,000 ($1,298), UK lender

By Jordan Valinsky, CNN New York (CNN) — One of the biggest gifts this holiday season won’t fit under the tree, the chimney or even in some homes. Televisions that measure 97 inches (and more) diagonally across – a.k.a. XXL TVs – are becoming a huge hit as the cost of giant screens sinks sharply,

By John Towfighi, CNN (CNN) — Warren Buffett’s Berkshire Hathaway has over $325 billion in cash on hand. But Buffett is in no rush to spend that on his own company’s stock. Berkshire Hathaway (BRK.A) did not buy back any of its own shares in the third quarter, ending a six-year-long streak of stock buybacks,

By Matt Egan, CNN New York (CNN) — Clues about how this election cliffhanger will end may be hiding in an unlikely place: Your 401(k). As people try to make sense of the latest swings in prediction markets and dramatic shifts in the share price in former President Donald Trump’s social media company, there’s a

By Chris Isidore, CNN New York (CNN) — Striking workers at embattled plane maker Boeing voted Monday to accept the company’s most recent offer, ending the costliest strike in the United States in more than 25 years. The International Association of Machinists (IAM) said rank-and-file members voted by 59% to approve the deal. IAM members

By Clare Duffy, CNN (CNN) — Elon Musk on Monday held a digital version of the town-hall-style rallies he has hosted on behalf of former President Donald Trump. But the event on X ended just a few minutes after it started, when Musk encountered technical difficulties. The event began streaming more than 20 minutes after

By Ramishah Maruf, CNN New York (CNN) — Embattled discount chain Dollar Tree announced its CEO and chairman, Rick Dreiling, had stepped down on Sunday. Dreiling, who had just joined Dollar Tree as executive chairman in March 2022, said he is leaving for personal reasons. “With my health presenting some new challenges over the past

By Samantha Delouya, CNN (CNN) — A record number of Americans in 2024 used an inheritance to help finance a down payment on their first home. That’s according to a new survey from the National Association of Realtors, which found Americans who bought homes for the first time between July 2023 and June 2024 were

By Marshall Cohen, CNN Washington (CNN) — In the run up to the high-stakes 2024 presidential election, Elon Musk has posted a blizzard of false and misleading claims about the election on his social media platform that have generated more than two billion views this year, according to new research analysis from a nonprofit that

By Jordan Valinsky, CNN New York (CNN) — The hangover has finally arrived for spirits and beer companies, as the surge in sales boosted by Americans who stayed at home during the Covid-19 pandemic has ended. Earnings from some of the world’s biggest alcohol makers — including Remy Cointreau, Absolut vodka maker Pernod Ricard, Jose

By Vanessa Yurkevich, CNN (CNN) — Ahead of the 2020 election, Nike released a star-studded get-out-the-vote campaign called “You Can’t Stop Our Voice.” The video starts with a mash-up of some of the biggest sports stars, including LeBron James and Naomi Osaka, and ends with them wearing shirts emblazoned with “VOTE.” Nike wasn’t alone. Under

By Bryan Mena, CNN Washington (CNN) — A dense fog clouding the US economy could soon clear. For months, US consumers and businesses have felt some degree of paralysis from the upcoming presidential election, putting off purchases and investments until the world knows who will move into the White House, according to surveys and comments

By Hadas Gold, CNN New York (CNN) — By all accounts, it is unlikely Americans will go to bed on Election Day knowing who their next president will be. As polls show a dead heat between former President Donald Trump and Vice President Kamala Harris in the final days of the race, news outlets are

By Jordan Valinsky, CNN New York (CNN) — TGI Fridays Inc., the American casual dining chain, filed for Chapter 11 bankruptcy protection Saturday. The company said in a statement that fallout from the Covid-19 pandemic was the “primary driver of our financial challenges” and it will use the Chapter 11 process to “explore strategic alternatives

Story by Reuters (CNN) — Warren Buffett and Berkshire Hathaway extended their retreat from stocks in the third quarter, slashing their holdings in Apple and boosting cash to a record $325.2 billion. Berkshire also reported a 6% decline in quarterly operating profit, largely the result of higher insurance underwriting liabilities including for Hurricane Helene, and

By Samantha Delouya, CNN (CNN) — Home-building policy, local zoning restrictions and the use of federal lands don’t usually find their way into the world of flashy presidential campaign politics, but both Vice President Kamala Harris and former President Donald Trump have prioritized those topics as the election draws to a close. That’s because housing