Category: CNN Business News

Delivers business and markets news, data, analysis, and video to the world.
comprehensive business news on stock markets, financial earnings, and global markets.
original articles on finance, personal finance, investing, stock market, leadership, and marketing.

McDonald’s McCrispy Strips receive mixed reviews as analyst questions impact on upcoming Snack WrapMcDonald’s McCrispy Strips receive mixed reviews as analyst questions impact on upcoming Snack Wrap

McDonald’s recently added McCripsy Strips to its U.S. menu and, according to one analyst, they might not be hitting the mark with all customers.  The fast-food giant first launched the McCrispy Strips in late April, with all participating restaurants across the country selling them by May 5. The company said in an April 24 press […] ...

States take legal action as 23andMe attempts to sell customer genetic information amid bankruptcyStates take legal action as 23andMe attempts to sell customer genetic information amid bankruptcy

Bankrupt 23andMe is facing a lawsuit over its plans to sell customer genetic information. Twenty-seven states and the District of Columbia took legal action this week against 23andMe in the U.S. Bankruptcy Court for the Eastern District of Missouri, the court overseeing the Chapter 11 bankruptcy proceedings that the genetic testing company entered earlier in […] ...

GM doubles down on American manufacturing with $4B investmentGM doubles down on American manufacturing with $4B investment

General Motors is investing $4 billion in its U.S. plants over the next two years to boost the manufacturing of gas and electric vehicles. With the multibillion-dollar investment, the Michigan-based automaker will be able to assemble more than 2 million vehicles per year in the U.S. The latest investment comes just two weeks after the […] ...

Vance echoes Trump’s call for Fed’s Powell to cut interest rates: ‘Monetary malpractice’Vance echoes Trump’s call for Fed’s Powell to cut interest rates: ‘Monetary malpractice’

Vice President JD Vance on Wednesday echoed President Donald Trump’s calls for the Federal Reserve to cut interest rates. “The president has been saying this for a while, but it’s even more clear: the refusal by the Fed to cut rates is monetary malpractice,” Vance wrote in a post on X. Trump on Wednesday repeated […] ...

Treasury chief says ‘remains to be seen’ if Trump tax bill will add to $36T national debtTreasury chief says ‘remains to be seen’ if Trump tax bill will add to $36T national debt

Treasury Secretary Scott Bessent suggested there could be a chance that President Donald Trump’s “one big, beautiful bill” may add to the $36 trillion national debt. Bessent appeared before the House Ways & Means Committee on Wednesday, a hearing that Democrats used to sharpen their attacks against Republicans’ massive Trump agenda bill. At one point, […] ...

Kevin O’Leary reveals the hidden cost of LA riots that’s hurting small businessesKevin O’Leary reveals the hidden cost of LA riots that’s hurting small businesses

“Shark Tank” investor Kevin O’Leary described Los Angeles as a “war zone” with “horrific” consequences for small businesses while weighing in on the anti-ICE riots plaguing the deep blue city on Wednesday. “If you’re a small business… and you see these images of windows being smashed, cars burnt, baseball bats on someone’s property, this is […] ...

Inflation increased slightly on an annual basis in MayInflation increased slightly on an annual basis in May

Inflation increased slightly in May and remained above the Federal Reserve’s target rate ahead of the central bank’s next meeting this month. The Bureau of Labor Statistics on Wednesday said that the consumer price index (CPI) – a broad measure of how much everyday goods like gasoline, groceries and rent cost – rose 0.1% in […] ...

Inter Milan partners with Fanatics to elevate fan experience for over 530M worldwideInter Milan partners with Fanatics to elevate fan experience for over 530M worldwide

FC Internazionale Milano, known globally as Inter or Inter Milan, and Fanatics have announced a new partnership that taps into the digital sports leader’s resources of e-commerce, retail, manufacturing and licensing for the famous soccer club.  Inter is one of Italy’s most storied franchises, as well as an innovative brand, as shown by this partnership […] ...

US, China reach ‘framework’ to implement trade deal, Lutnick saysUS, China reach ‘framework’ to implement trade deal, Lutnick says

The U.S. and China have reached a “framework” to implement a trade deal struck between the two sides last month in Geneva, Commerce Secretary Howard Lutnick announced.  The development comes after two days of meetings between negotiators in London and a phone call last week between President Donald Trump and Chinese President Xi Jinping. The […] ...

Goldman Sachs: Wealthy Americans to continue exodus from high-tax states even with higher SALT deductionGoldman Sachs: Wealthy Americans to continue exodus from high-tax states even with higher SALT deduction

A new analysis by Goldman Sachs finds that while lawmakers in Congress are weighing a higher cap on the state and local tax (SALT) deduction, those potential tax savings are unlikely to stop wealthier taxpayers from moving to states such as Florida and Texas. The report, authored by Goldman economists led by Jan Hatzius, noted that […] ...

Real estate giants crack down on exclusive ‘off-market’ home listings in major shift for buyersReal estate giants crack down on exclusive ‘off-market’ home listings in major shift for buyers

Two major real estate marketplaces are making big changes to what home listings can appear on their websites.  Zillow and Redfin are both taking aim at listings of homes up for sale that have been publicly marketed prior to being entered into the multiple listing service (MLS), taking steps to bar them from their respective […] ...

Paramount slashes jobs as streaming wars intensifyParamount slashes jobs as streaming wars intensify

Paramount Global is trimming its U.S. workforce by 3.5% in a move to cut costs.  The company’s plans to cut jobs were announced Tuesday by its three co-CEOs in a company-wide memo viewed by FOX Business. Co-CEOs George Cheeks, Chris McCarthy and Brian Robbins said in the message that Paramount was “taking the hard, but […] ...

LARRY KUDLOW: Law & order crushed L.A. riotsLARRY KUDLOW: Law & order crushed L.A. riots

Donald Trump chose criminal deportation, law and order, and tough-on-crime. California Democrats chose lawsuits and states’ rights. Who do you think won this latest round? I’d say Trump 10-Democrats 0. It’s just hard to believe that removing illegal alien criminals who have committed sexual assault and murders would be attacked by one of our two […] ...

Meta’s Zuckerberg aiming to dominate AI race with recruiting push for new ‘superintelligence’ team: reportMeta’s Zuckerberg aiming to dominate AI race with recruiting push for new ‘superintelligence’ team: report

Meta CEO Mark Zuckerberg is reportedly building a team of experts to develop artificial general intelligence (AGI) that can meet or exceed human capabilities. Bloomberg News reported Zuckerberg is looking to build a superintelligence team and is recruiting from a group of artificial intelligence (AI) researchers and engineers who he has been holding a series of […] ...

Multiple Los Angeles businesses ransacked during anti-ICE riotsMultiple Los Angeles businesses ransacked during anti-ICE riots

Retail stores and at least one restaurant are being caught in the crosshairs of ongoing anti-ICE riots in Los Angeles. A T-Mobile, Adidas, Apple Store and a sushi restaurant were also among the businesses that were damaged or looted in recent days as rioters clashed with law enforcement over ICE raids in the city. The […] ...

OpenAI says this state will play central role in artificial intelligence developmentOpenAI says this state will play central role in artificial intelligence development

New York is poised to play a central role in the development of artificial intelligence (AI), OpenAI executives told key business and civic leaders on Tuesday. OpenAI CEO Sam Altman spoke at a private event hosted by the Partnership for New York City and the AI firm revealed a report showing that New York is well-positioned to […] ...

Apple digital feature to make travel easier for domestic fliersApple digital feature to make travel easier for domestic fliers

Tech giant Apple is on day two of five of its annual Worldwide Developers Conference (WWDC), where announcements are being made about what is ahead for its devices. One of the major announcements made on Monday was that iOS users will be able to create digital identifications with their passports, which can then be used […] ...

Chipotle using AI to open new locations with astoundingly short time frameChipotle using AI to open new locations with astoundingly short time frame

Artificial intelligence is helping Chipotle rapidly grow its footprint, according to CEO Scott Boatwright.  On Monday, Boatwright told Fortune at the outlet’s COO summit that the company “will open a new Chipotle restaurant this year almost every 24 hours” amid the chain growing at an “exponential rate.”  “And if you think about the growth that’s ahead […] ...

DOGE hails $263M savings from nixed contracts, including FM in Zambia and executive coachingDOGE hails $263M savings from nixed contracts, including FM in Zambia and executive coaching

The Department of Government Efficiency announced in a Monday post on X that agencies had recently nixed “111 wasteful contracts,” resulting in millions of dollars in savings. “Great work by agencies over the last three days terminating 111 wasteful contracts with a ceiling value of $790M and savings of $263M,” the post on X noted, […] ...

The $22 monster toy that’s causing chaos worldwide and making its Chinese creator billions overnightThe $22 monster toy that’s causing chaos worldwide and making its Chinese creator billions overnight

They’re scary, but cute – and taking the internet by storm as customers race to get their hands on Labubus. Distributed exclusively by Chinese-based retailer Pop Mart, it’s become near impossible to buy one of the plush pendant toy collectibles as they sell out online almost nightly, and people wait in hours-long lines to purchase […] ...

Apple unveils ‘Liquid Glass’ design in iOS 26 that transforms how you’ll use your iPhoneApple unveils ‘Liquid Glass’ design in iOS 26 that transforms how you’ll use your iPhone

Apple introduced a bunch of updates and new features for iPhones through its upcoming iOS 26 operating system.  The tech giant provided a preview of the new iPhone operating system as part of the annual Worldwide Developers Conference (WWDC) it held on Tuesday afternoon. iOS 26 “brings a beautiful new design, intelligent experiences, and improvements […] ...

Chipotle adds new dip to menu after five-year drought, marking first new sauce since 2020Chipotle adds new dip to menu after five-year drought, marking first new sauce since 2020

Chipotle has a new dip coming to its menu for the first time since 2020. Its restaurants in the U.S. and Canada will start offering a new limited-time Adobe Ranch dip beginning June 17, the company announced Monday.  When it becomes available, the new Adobo Ranch will contain adobo peppers, sour cream and a “unique […] ...

Home Depot stores remain open despite becoming target of Trump’s immigration enforcementHome Depot stores remain open despite becoming target of Trump’s immigration enforcement

Home Depot said its stores remain open after some of its locations in Los Angeles were the target of an Immigration and Customs Enforcement (ICE) raid. Several people were detained by U.S. Immigration and Customs Enforcement (ICE) agents in the parking lot of a Home Depot in Paramount, a city in Los Angeles County, on […] ...

US and China meet in London for round 2 of high-level trade talksUS and China meet in London for round 2 of high-level trade talks

Officials from the U.S. and China met on Monday to begin a two-day session to discuss bettering trade ties and further deescalate the trade war.  Details of the meeting have not yet emerged, though a source told FOX Business the discussions lasted nearly seven hours and prompted the delegations to order dinner in, as they […] ...