Fitch’s historic downgrade may be a black eye for the US but not much more
By Bryan Mena and Jeanne Sahadi, CNN (CNN) — There may not be any lasting major negative ramifications from the surprise US credit rating…
Continue ReadingMoney
IRS says it will deliver faster refunds to millions of taxpayers in coming years. Here’s how.
By Tami Luhby, CNN New York (CNN) — Millions of Americans could receive their tax refunds more quickly in coming years as the Internal Revenue…
Continue ReadingTaylor Swift gives ‘life-changing’ $100,000 bonuses to Eras Tour truck drivers
By Parija Bhatnagar, CNN New York (CNN) — Taylor Swift is going out in “Style.” On the eve of wrapping up the US leg of her wildly…
Continue ReadingHyundai just reinvented the glove compartment. Here’s how
By Peter Valdes-Dapena, CNN Business (CNN) — Electric vehicles can offer several benefits like quietness, smooth power delivery and lower…
Continue ReadingFitch tells CNN why it downgraded America now
By Matt Egan, CNN Business New York (CNN Business) — Fitch Ratings is defending its controversial decision to downgrade the US credit rating by…
Continue ReadingWriters union and Hollywood will resume talks, aiming to end the strike
By Jon Passantino and Chris Isidore, CNN New York (CNN) — Hollywood studios on Tuesday asked the Writers Guild back to the negotiating table in…
Continue ReadingMrBeast sues to shut down the ghost kitchen-produced MrBeast Burger
By Ramishah Maruf, CNN New York (CNN) — YouTuber MrBeast is suing the ghost kitchen behind MrBeast Burger to stop production of its popular…
Continue ReadingGlobal markets slide after Fitch downgrades US debt
By Laura He and Anna Cooban, CNN Hong Kong/London (CNN) — Global stock markets fell Wednesday after ratings agency Fitch downgraded its US…
Continue ReadingToyota unveils the retro-styled return of the Land Cruiser
CNN By Peter Valdes-Dapena, CNN New York (CNN) — Just three years after being discontinued in North America, the Toyota Land Cruiser is coming…
Continue ReadingToyota unveils the retro-styled return of the Land Cruiser
By Peter Valdes-Dapena, CNN New York (CNN) — Just three years after being discontinued in North America, the Toyota Land Cruiser is coming back…
Continue ReadingTiger Woods joins PGA policy board after players’ concerns about transparency
By Robert Ilich and Wayne Sterling, CNN (CNN) — Golf’s power structure took a sharp shift to the players Tuesday when Tiger Woods was named…
Continue ReadingFitch downgrades US debt on debt ceiling drama and Jan. 6 insurrection
CNN, POOL, SENATE TV, FITCH RATINGS, THE WHITE HOUSE, @LHSUMMERS, MOODY’S ANALYTICS By Elisabeth Buchwald, CNN (CNN) — Fitch Ratings…
Continue ReadingStarbucks’ sales in China come roaring back
By Danielle Wiener-Bronner, CNN New York (CNN) — Starbucks’ China business is back after dropping due to Covid restrictions last year. In the…
Continue ReadingFitch downgrades US debt on debt ceiling drama and governance worries
By Elisabeth Buchwald, CNN (CNN) — Fitch Ratings downgraded its US debt rating on Tuesday from the highest AAA rating to AA+, citing “a…
Continue ReadingAmericans are ‘unwittingly funding’ blacklisted Chinese companies, Congressional panel says
By Nicole Goodkind, CNN New York (CNN) — A Congressional select committee is investigating BlackRock, the world’s largest asset manager, and…
Continue ReadingLunchables is heading to the produce aisle with a fresh fruit snack tray
By Parija Kavilanz, CNN New York (CNN) — Lunchables, which is making its way into school lunchrooms this fall, is testing out yet another…
Continue ReadingGM recalls more vehicles with Takata air bag inflators that could explode
By Ramishah Maruf, CNN New York (CNN) — General Motors said Tuesday is recalling almost 900 vehicles worldwide because the Takata-made air bag…
Continue ReadingWarner Bros. apologizes for ‘Barbenheimer’ tweets that sparked criticism in Japan
By Jack Guy and Junko Ogura, CNN (CNN) — The Warner Bros. Film Group has apologized after the Twitter account for its “Barbie” film sparked…
Continue ReadingMeta begins blocking news access on its platforms in Canada
By Brian Fung, CNN Washington (CNN) — Meta has begun to remove news content from Facebook and Instagram in Canada, the social media giant said…
Continue ReadingLaid-off Yellow drivers will have a tough time finding good jobs
By Chris Isidore, CNN New York (CNN) — Since Sunday, Mark Roper, a truck driver for 32 years, has been out of a job, along with 30,000 of his…
Continue ReadingAmazon Clinic rolls out nationwide as e-commerce giant expands its health care footprint
By Catherine Thorbecke, CNN New York (CNN) — Amazon’s virtual clinic is now available in all 50 states and Washington, D.C., the company…
Continue ReadingThe US stock market just had its best year — so far — since 1997
By Krystal Hur, CNN New York (CNN) — The stock market just had its best performance through July in 26 years. The benchmark S&P 500 index…
Continue ReadingBeef over beef: Taco Bell is accused of false advertising and allegedly skimping on fillings
By Ellie Stevens New York (CNN) — The photos online of Taco Bell’s Mexican Pizza last September reeled in New York resident Frank Siragusa.…
Continue ReadingSafety regulators investigating steering on some Tesla models
By Peter Valdes-Dapena, CNN Business (CNN) — The National Highway Traffic Safety Administration is investigating new Tesla Model 3 sedans and…
Continue ReadingThe number of available jobs in the US just fell to its lowest level in more than two years
By Alicia Wallace, CNN Minneapolis (CNN) — Bit by bit, the US labor market is settling down from the rolling boil of the past three years: The…
Continue ReadingCVS is laying off 5,000 workers
By Jordan Valinsky, CNN New York (CNN) — CVS is laying off about 5,000 employees in a cost-cutting effort, the pharmacy chain confirmed…
Continue ReadingCoors Light brewer benefits from Bud Light’s turmoil
By Jordan Valinsky, CNN New York (CNN) — Bud Light’s decline is benefiting one of its biggest rivals. Molson Coors, brewer of Miller Lite and…
Continue ReadingUber’s post-pandemic growth is slowing
By Catherine Thorbecke, CNN New York (CNN) — Uber has reported that its revenue ticked up 14% last quarter, marking a slower pace of growth…
Continue ReadingWhat you need to know about the incandescent light bulb ban
By David Goldman, CNN New York (CNN) — America’s ban on incandescent light bulbs, 16 years in the making, is finally a reality. Well, mostly.…
Continue ReadingTwitter sues hate-speech watchdog, following through on its litigation threat
By Brian Fung, CNN Washington, DC (CNN) — Twitter has sued the Center for Countering Digital Hate, a nonprofit group that has criticized the…
Continue ReadingBed Bath & Beyond is back from the dead
By Parija Kavilanz, CNN New York (CNN) — A month after Overstock.com announced it bought Bed Bath & Beyond’s brand out of bankruptcy,…
Continue ReadingThe owner of Regal cinemas emerges from bankruptcy
By Anna Cooban, CNN London (CNN) — The owner of Regal cinemas announced Tuesday that it had emerged from Chapter 11 bankruptcy after slashing…
Continue ReadingPlunging sales of new homes show China’s real estate crisis isn’t over
By Laura He, CNN Hong Kong (CNN) — Plunging sales of new homes and the reported cancellation of a share placement by China’s biggest property…
Continue ReadingHSBC raises outlook as profits nearly double
By Michelle Toh, CNN Hong Kong (CNN) — HSBC’s profits have soared as it continues to cut costs and cash in on high interest rates around the…
Continue ReadingHong Kong removes requirement to flag China risk in listing applications
By Reuters Hong Kong’s stock exchange will no longer require companies to spell out China-related business risks in listing applications from…
Continue Reading‘X’ removed after being installed atop company headquarters following Twitter’s rebrand
By Elizabeth Joseph, CNN (CNN) — Officials from the San Francisco Department of Building Inspection on Monday morning observed that the new…
Continue ReadingFord recalls 870,000 F-150 trucks for unexpected parking brake application
By Peter Valdes-Dapena, CNN Business New York (CNN) — Ford has recalled more than 870,000 of its full-sized F-150 trucks because the electronic…
Continue ReadingAMC just had its best week in history, thanks to Barbie and Oppenheimer
By Eva Rothenberg, CNN (CNN) — AMC Theaters (AMC) hit a revenue record last week, driven by the overwhelming success of the “Barbenheimer”…
Continue ReadingCoinbase CEO says complying with SEC request would have been the ‘end of the crypto industry in the US’
By Allison Morrow, CNN New York (CNN) — The Securities and Exchange Commission asked Coinbase to halt trading on all cryptocurrencies except…
Continue ReadingJuul seeks authorization on a new vape it says can verify a user’s age. Here’s how it works
By Nadia Bidarian, CNN (CNN) — E-cigarette company Juul Labs is seeking US authorization to sell a “next-generation” vape with age…
Continue ReadingAmerica’s oldest craft brewer has shut down after 127 years. Here’s how it could be saved
By Jordan Valinsky, CNN Business New York (CNN) — Anchor Brewing, which has been America’s oldest craft brewer with 127 years in business,…
Continue ReadingTwitter threatens to sue hate-speech watchdog group
by Brian Fung Washington, DC (CNN) — Elon Musk has called himself a free-speech absolutist and has praised “even my worst critics.” But now…
Continue ReadingAdidas signs $1.2 billion partnership with Manchester United
By Jordan Valinsky, CNN New York (CNN) — Manchester United and Adidas are extending their apparel-sponsorship contract in a record-breaking…
Continue ReadingTwitter threatens to sue hate-speech watchdog group
CNN by Brian Fung Washington, DC (CNN) — Elon Musk has called himself a free-speech absolutist and has praised “even my worst critics.” But…
Continue ReadingThe UK will drill for more oil and gas in the North Sea
By Anna Cooban, CNN London (CNN) — The UK government has announced plans to allow a big expansion of drilling for oil and gas in the North Sea…
Continue ReadingMiddle-income Americans think prosperity is within reach
By Nicole Goodkind, CNN New York (CNN) — It’s a strange time for mid-sized banks in the US. The collapse of three regional banks earlier this…
Continue Reading99-year-old trucking company Yellow shuts down, putting 30,000 out of work
By Chris Isidore, CNN New York (CNN) — Yellow Corp., a 99-year-old trucking company that was once a dominant player in its field, halted…
Continue ReadingHeineken’s profit hit by drop in beer sales in Asia
By Michelle Toh, CNN Hong Kong (CNN) — People in Asia aren’t guzzling as much beer as they used to. Dutch brewer Heineken (HEINY) announced…
Continue ReadingEurope’s economy is growing again as inflation continues to fall
By Anna Cooban, CNN London (CNN) — The euro area economy is growing again, but may struggle to maintain the momentum for the rest of the year.…
Continue ReadingChina tries to boost consumer spending as factory sector contracts for fourth month
By Laura He and Wayne Chang, CNN Hong Kong (CNN) — China unveiled a series of measures to boost domestic consumption Monday after more gloomy…
Continue Reading