Biz/Tech

By Bryan Mena, Phil Mattingly, CNN Washington (CNN) — A Justice Department official is set to probe Federal Reserve Governor Lisa Cook after she was accused by a member of President Donald Trump’s administration of committing mortgage fraud, according to a letter sent Thursday to Fed Chair Jerome Powell. The letter, seen by CNN, was

CNN By Nathaniel Meyersohn, CNN New York (CNN) — Walmart is getting hit by tariffs, like every other business in America. But customers are still flocking to Walmart because they believe the retailer offers them the biggest bang for their buck. The retail behemoth once again on Thursday showed how it uses its size to

By Chris Isidore, CNN (CNN) — The lower US tariffs on cars imported from the EU will have to wait, at least for now. The EU-US trade agreement is poised to cut the US import tax on cars from the EU from 27.5% to 15%. However, details released Thursday reveal that the lower rate won’t

By Ryan Hogg, CNN London (CNN) — The Russian government will require the state-backed Max messenger app to be pre-installed on all smartphones and tablets sold in the country, in a move that could increase surveillance of Russian citizens. According to an official statement Thursday, Max will be installed on devices from September 1. The

By Nathaniel Meyersohn, CNN New York (CNN) — Walmart is getting hit by tariffs, like every other business in America. But customers are still flocking to Walmart because they believe the retailer offers them the biggest bang for their buck. The retail behemoth once again on Thursday showed how it uses its size to dominate

By Jordan Valinsky, CNN New York (CNN) — Cracker Barrel’s modern makeover doesn’t stop with redoing its restaurants. It’s dropping the barrel and the man from its logo, too. On Tuesday, the Southern-inspired casual dining chain unveiled a new logo “rooted even more closely to the iconic barrel shape,” but without the barrel itself —

By Bryan Mena, CNN Washington (CNN) — Business has never been this slow for Jovan Richards, who sells shirts, hats and souvenirs emblazoned with the likeness of the nation’s capital. Every day for the past four years, Richards and her husband have set up a table to sell merchandise near the Washington Monument. Richards, 56,

By Matt Egan, CNN New York (CNN) — Lisa Ward was startled at the prices on sneakers when she recently went back-to-school shopping for her twin boys. “All of them were at least $10 or $20 more than last year. That pissed me off, but I didn’t have a choice,” said Ward, a finance professional

By Amy Gunia, Kristie Lu Stout, Hazel Pfeifer, Kriti Gandhi, CNN (CNN) — Bordeaux’s tourists flock to its vineyards to taste flights of the region’s renowned red wines. On the other side of the world, entrepreneur Adrian Choy hopes that visitors to Malaysia will soon view sampling the world’s most divisive fruit as a similar

By Clare Duffy, CNN New York (CNN) — Current and former TikTok employees have raised concerns internally about how the app’s popular algorithm could hurt young users’ mental health, a newly unsealed video presented as evidence in a North Carolina lawsuit against the company shows. The comments stand in contrast to repeated public statements by

By Chris Isidore, Alexandra Skores, CNN (CNN) — Southwest Airlines, primarily a domestic airline throughout its over 50-year history, is looking at expanding to overseas markets, a further sign that the once-distinctive Texas airline is following the path of rival carriers. “Southwest Airlines is continuing to consider ways to grow our business as we evolve

By John Towfighi, CNN New York (CNN) — Tech stocks were under pressure this week as Wall Street’s AI enthusiasm slowed and investors adjusted portfolios after a strong summer rally. The Nasdaq Composite fell 0.67% on Wednesday after sliding 1.46% on Tuesday. The tech-heavy index was on track to snap back-to-back weeks of gains. Meanwhile,

By Hadas Gold, CNN (CNN) — Elon Musk on Wednesday pushed back against a report that he’s dropping plans to form a new political party after he grew angry with President Donald Trump’s domestic policy bill. The Wall Street Journal reported that the richest man in the world has told associates he fears founding a

By Nathaniel Meyersohn, CNN (CNN) — Target CEO Brian Cornell is stepping down after 11 years amid struggles at one of America’s most prominent retail chains. Cornell helped engineer a turnaround at Target, but it’s been a rocky few years for the retailer. Incoming Target CEO Michael Fiddelke, a veteran leader at the company, will

By Brian Stelter, CNN (CNN) — Historians and researchers are expressing “grave concern” about President Trump’s push to purge museums of information he dislikes. “Such political interference stands to impose a single and flawed view of American history onto the Smithsonian, placing at risk the integrity and accuracy of historical interpretation,” Sarah Weicksel, executive director

By Liam Reilly, Hadas Gold, CNN (CNN) — Ari Shapiro, one of the core voices of NPR, will depart the network in late September, the latest major exit from the outlet since Congress stripped federal funding for public broadcasters. In a Tuesday morning memo to staffers, NPR news chief Edith Chapin announced that Shapiro will

By Lisa Eadicicco, CNN New York (CNN) — How many apps does it take to plan a work meeting or a dinner with friends? It likely involves bouncing between your text messaging app, an email app, a navigation app like Google Maps and perhaps a reservation app like Resy or Opentable. Google wants to cut

By Bryan Mena, CNN Washington (CNN) — President Donald Trump on Wednesday called on a top policymaker at the Federal Reserve to resign, after one of his allies alleged that she committed mortgage fraud. In a letter dated August 15, Federal Housing Finance Agency director Bill Pulte urged the Justice Department to investigate a pair

By Jack Guy, CNN London (CNN) — UK regulators have banned a TV commercial for Sanex shower gel after ruling that it “could be interpreted as suggesting that white skin was superior to black skin.” The Advertising Standards Authority (ASA) acted after receiving complaints about the ad from two people “who believed the ad perpetuated

By Jordan Valinsky, CNN New York (CNN) — McDonald’s is slashing the prices of its combo meals just a few weeks after the CEO publicly admitted that its menu has gotten too expensive and pledged to fix the problem. McDonald’s and its US franchisees agreed to price eight popular combo meals at 15% less than

By Nathaniel Meyersohn, CNN New York (CNN) — Target CEO Brian Cornell is stepping down after 11 years at the retailer, as the company faces slumping sales and backlash to its retreat on DEI. Cornell’s departure was widely expected. Some industry analysts believed Target should bring in an outside voice to lead the company, but

By Jordan Valinsky, CNN New York (CNN) — Pizza Hut has a value problem. It hopes a new $5 pizza will help. On Wednesday, the chain is rolling out “Crafted Flatzz,” a thinner and crispier version of its Personal Pan Pizza, for $5. The single-serving pizzas, available for a limited time, are aimed at the

By Jeanne Sahadi, CNN (CNN) — While financial scams have always been around, the variety of schemes that scammers employ to steal money are easily proliferated these days with the internet, social media, AI and crypto. Frauds and scams ranked No. 6 on the list of top consumer complaints last year, according to a recent

By John Liu, CNN Hong Kong (CNN) — Chinese refineries have placed new orders for Russian crude that will be shipped from ports that typically supply India, as demand from the South Asian country for Moscow’s crude slips following US President Trump’s tariffs. At least 15 cargoes of Russian oil have been secured by Chinese

By Gordon Ebanks, CNN (CNN) — After there was no winner in Wednesday night’s drawing, Powerball’s jackpot has climbed to an estimated $700 million. The new figure, which bests its earlier $643 million jackpot, is one of the largest prizes in the history of Powerball. The last jackpot was already the largest of 2025 as