Money

By Auzinea Bacon, CNN (CNN) — The rising costs of coffee beans are keeping roasters and their customers on edge. Retail coffee prices jumped nearly 21% in August compared to the same time last year, and the Trump administration’s tariffs are partially to blame: In July, Brazil was slapped with one of the highest duties,

By Chris Isidore, CNN (CNN) — Few car buyers have heard of Nexperia. But this Dutch company makes chips that are essential for making cars — and now, it’s at the center of a trade dispute that could shutter global auto plants and send already-record-level car prices even higher. The dispute is just one part

By Joel Williams, CNN (CNN) — Oversized crowbars bend wood for a piano’s rim. Circular sanders smooth rough edges on costly Sitka spruce soundboards. Hammers and chisels notch a bridge to allow piano strings to vibrate freely. For 30 years, Bernard Craddock has been one of the roughly 200 workers handcrafting pianos at the 150-year-old

By Ramishah Maruf, Clare Duffy, CNN New York (CNN) — Salesforce billionaire Marc Benioff backtracked on Friday from comments suggesting President Donald Trump should send the National Guard to San Francisco. The tech CEO’s remarks initially drew a wave of criticism. “Having listened closely to my fellow San Franciscans and our local officials, and after

By Marshall Cohen, CNN Washington (CNN) — The Justice Department on Thursday filed foreign bribery charges against Smartmatic, the voting technology company that is suing Fox News and other prominent pro-Trump figures for defamation over their promotion of 2020 election lies. The bribery and money laundering charges against Smartmatic arose from an existing case filed

By Jordan Valinsky, CNN New York (CNN) — OpenAI announced that it has “paused” users’ ability to generate videos of Martin Luther King Jr. on its artificial intelligence video tool Sora, following backlash over “disrespectful depictions.” “While there are strong free speech interests in depicting historical figures, OpenAI believes public figures and their families should

By Lisa Eadicicco, CNN (CNN) — Lindsey Martin’s electricity bill reached $314 in July, the highest bill she had received this year until that point, she said on TikTok. In the video’s more than 4,000 comments, many users reported similar power-bill spikes. Martin’s bill jumped even higher in August to $372, a notable leap from

By Elisabeth Buchwald, CNN (CNN) — Several financial groups are wrestling with bad loans, raising worries on Wall Street of more to come. For weeks, investors have focused on Jefferies Financial Group, an investment bank that has at least $45 million worth of exposure to First Brands, an auto-parts supplier that filed for bankruptcy last

By Jeanne Sahadi, CNN (CNN) — Most people go to work for the paycheck and benefits. What they typically don’t expect is to have to return some of the money when they leave. But with some benefits — such as signing or retention bonuses, tuition reimbursement and some forms of training — workers may have

By John Towfighi, CNN New York (CNN) — US stocks closed lower Thursday as jitters spread on Wall Street about credit market turmoil and regional banks’ exposures to bad loans. The Dow fell 301 points, or 0.65%. The broader S&P 500 dropped by 0.63%, and the tech-heavy Nasdaq Composite moved 0.47% lower. Volatility has returned

By Gordon Ebanks, CNN (CNN) — Reading levels dropped to historic lows during the pandemic. Now parents, teachers and tech companies are hoping AI can help solve America’s literacy crisis. America’s literacy challenge has been building for years, with reading scores sliding even before the pandemic pushed them to their lowest levels in decades. Educators

By Ana Nicolaci da Costa, CNN London (CNN) — Nestlé will cut around 16,000 jobs worldwide over the next two years as it works to slash costs, including through automation, the world’s largest food company said Thursday. Most of the layoffs – about 12,000 – will affect white-collar professionals as Nestlé targets “operational efficiency,” including

By Elisabeth Buchwald, Matt Egan, CNN (CNN) — Many Americans shrugged off the implosion of a pair of overleveraged Bear Stearns hedge funds in 2007. Stocks were at record highs, after all. But later it became apparent that those bankruptcies were among the first shoes to drop in an epic financial meltdown that would impact

By Brian Stelter, CNN (CNN) — A flyer with the words “journalism is not a crime” appeared Tuesday on the wall outside the “Correspondents’ Corridor” where journalists operate at the Pentagon. It was a silent protest of Defense Secretary Pete Hegseth’s new policy that severely restricts press access. The policy criminalizes routine reporting, according to