Money

By Allison Morrow, CNN New York (CNN) — The AI industry has been buzzing with concern about potentially catastrophic risks to humanity — a hum of anxiety that’s grown louder as Anthropic prepares to make its stock market debut next month. But companies building AI models like Claude and ChatGPT face a more immediate and

By Hanna Ziady, CNN American professors Robert E. Hall and Michael Woodford have won the 2026 Nobel prize in economics for developing new economic models that help governments and central banks stabilize their economies to minimize the impact of external shocks. The Royal Swedish Academy of Sciences awarded the prize in Stockholm on Monday. “The

By Elisabeth Buchwald, CNN (CNN) — Four years ago, with inflation at multi-decade highs, then-Federal Reserve Chair Jerome Powell delivered a blunt message to Americans: Getting inflation under control would come at a cost. The Fed needed to act “forcefully,” Powell told attendees at a key central banker conference that August. Doing so, he cautioned,

By Brian Stelter, Evan Perez, CNN (CNN) — The Justice Department is investigating the five major US TV networks for possible antitrust violations, opening yet another front in the Trump administration’s pressure campaign against the press. The probe, which one leading First Amendment group called nonsensical, concerns the TV pool, a long-standing arrangement that was

By Jordan Valinsky, CNN New York (CNN) — At a darkly lit event in a Manhattan warehouse this week, actress Florence Pugh, Knicks player Karl-Anthony Towns as well as throngs of influencers all gawked at the Jaguar Type 01, the British automaker’s first new model in nearly a decade. A sizzle reel showed the $130,000

By Jeanne Sahadi, CNN (CNN) — When it comes to money, Jeff Kizer’s mindset might best be summed up as … chill. Jeff said he loves both his jobs – one as a math teacher at a private school and one as a tennis coach. And he wants to work into his 70s if possible.

By Jeanne Sahadi, CNN (CNN) — When you’ve spent time amassing savings for your near- and medium-term goals, it’s reasonable to want the best return on your money with little risk of losing your principal. Exactly how you can get that is the question. Douglas Boneparth, certified financial expert and cofounder of Bone Fide Wealth,

By Matt Egan, CNN New York (CNN) — Hurricane Isaias is barreling down on the US Gulf Coast at a time when there’s almost no margin for error in the global energy system. The biggest risk is that extreme flooding, wind or power outages from the Category 3 storm disrupts, damages or even destroys refineries.

By Charlotte Reck, CNN (CNN) — Sportswear giant Adidas has filed a lawsuit against popular Australian online fashion brand White Fox Boutique for selling and promoting clothes featuring a four-stripe design that Adidas claims is deceptively similar to its own three-stripe trademark, CNN affiliate 7News reported. In a filing lodged with the Federal Court of

By Alicia Wallace, CNN (CNN) — It’s another day, another historically weak reading of how Americans feel about the economy. However, this one is landing right before the midterm elections. The University of Michigan’s closely watched consumer sentiment index fell to a preliminary reading of 46.3 from 48.1 in September. If Friday’s lower-than-expected reading were

By Elisabeth Buchwald, Matt Egan, CNN (CNN) — President Donald Trump is mounting a fresh offensive in his battle to oust Federal Reserve Governor Lisa Cook, forming a committee of his own appointees to investigate allegations against her. The committee will investigate alleged false statements Cook made in connection with mortgages on two properties and

By Chris Isidore, CNN (CNN) — Delta Air Lines reported a huge jump in fuel costs, but said passengers are continuing to book flights despite the significantly higher airfares. That’s why Delta is betting travelers will keep paying more to fly this holiday season. The airline, the first major carrier to report financial results, said

By Samantha Delouya, CNN (CNN) — The grassy plot of land across the street from Trinity East United Methodist Church sat empty most of the time. The land had been occasionally used for outdoor events, food pantries and other gatherings for decades. When the Rev. Marilyn White was appointed pastor more than 11 years ago,

By Matt Egan, CNN New York (CNN) — The Strait of Hormuz is no longer paralyzed and yet fuel prices remain painfully high. It’s a vexing problem with profound financial, political and economic consequences. Gasoline prices, averaging $4.36 a gallon nationally, have never been this high at this time of year, according to AAA data.

By Hadas Gold, CNN (CNN) — Three OpenAI safety researchers say they were fired from the company and are openly questioning the reasons for their dismissals. The three researchers, Mikita Balesni, Tomak Korbak and Jasmine Wang, all worked on AI safety or alignment within the company, making sure the AI systems did what their human

By Matt Egan, CNN (CNN) — Just two days before launching an effort to slash red tape for commercial space transportation, President Donald Trump last month purchased up to $5 million of bonds issued by SpaceX, a major federal contractor run by Elon Musk, according to ethics filings made public on Thursday. The SpaceX bond

By John Towfighi, CNN New York (CNN) — Tech stocks dropped on Thursday after a news report that OpenAI’s annualized revenue is about $20 billion less than previously reported. OpenAI, the maker of ChatGPT, recently told investors that its annualized revenue was nearing $50 billion, according to the Financial Times. That’s lower than the $70

By Brian Stelter, CNN (CNN) — President Donald Trump keeps holding midterm election rallies, and Fox News keeps choosing not to air the rallies live. This programming decision has huge political and cultural significance. Fox News, America’s most-watched cable channel, has been one of Trump’s top ways to reach voters for more than a decade.

By Hanna Ziady, CNN London (CNN) — Oil prices climbed Thursday on continued worries about global supply following a record number of tanker attacks that sent crossings through the Strait of Hormuz to a two-month low. Brent crude, the global oil benchmark, rose more than 5% at one point before pulling back to trade 4.8%

By Matt Egan, CNN New York (CNN) — The global energy system is already being pushed to the brink. A hurricane barreling down on America’s refining nerve center is the last thing that’s needed. Isaias, the Atlantic season’s first hurricane, is arriving at a time when there is almost no margin for error. US refineries,

By Clare Duffy, Adam Cancryn, Hadas Gold, CNN (CNN) — It was a triumphant moment for Mark Zuckerberg. He sat at the center of last month’s White House AI meeting, with the CEOs of some of the biggest tech companies in the world signing onto a document he crafted for how to “self-police” and attempt

By Hadas Gold, CNN (CNN) — Among the AI heavyweights, Europe has long been missing a contender. The US has produced OpenAI, Google, Anthropic, Meta and SpaceXAI; while China has a whole host of AI labs. Now, one French startup is trying to best them all – and at a lower price. On Tuesday, Paris-based

By Marshall Cohen, CNN (CNN) — Eric Wright thinks Kalshi could change lives on his Indian reservation. He’s the administrator for the Kletsel Dehe Wintun Nation, a small Native American tribe in such an isolated area of northern California that it doesn’t have potable drinking water. But Wright hopes revenue from the tribe’s new Kalshi-backed

By Alicia Wallace, Natasha Chen, CNN Wilmington, California (CNN) — The rattling whir of a diesel generator fills a corner of the truck yard. For JD & LA Trucking, it’s the sound of business, the company’s bread and butter (… and poultry, produce and other perishables): The generator keeps refrigerated containers at the proper temperature

CNN, BFMTV By Hanna Ziady, CNN London (CNN) — France’s unprecedented wave of student protests has laid bare the country’s growing financial pressures, which will only become more difficult to tackle as Europe’s second-largest economy tries to rein in a ballooning budget deficit. The country’s finances are in a precarious state. Public debt was more

By Hanna Ziady, CNN London (CNN) — France’s unprecedented wave of student protests has laid bare the country’s growing financial pressures, which will only become more difficult to tackle as Europe’s second-largest economy tries to rein in a ballooning budget deficit. The country’s finances are in a precarious state. Public debt was more than $4

By Andrew Kirell, Brian Stelter, CNN (CNN) — ABC argued in federal court Tuesday that President Donald Trump’s FCC has “chilled” the network’s free speech by using its “enormous regulatory power to coerce, threaten, punish” coverage the administration doesn’t like. The Disney-owned network is seeking a preliminary injunction to block the FCC’s order requiring early

By Brian Stelter, Andrew Kirell, CNN (CNN) — CNN’s new owner, David Ellison, says he supports CNN’s legal action against the Trump administration over White House access, and will not interfere in the news organization’s coverage. “We believe in editorial independence, and we will never interfere,” Ellison said, reiterating the reassurances he made while seeking

By Liam Reilly, CNN (CNN) — The Emmy Awards are headed to Amazon Prime Video, ending the ceremony’s decades-long rotation among the broadcast television networks. Under a six-year deal announced Tuesday morning, the Emmys will exclusively stream on Prime Video beginning in September 2027. Viewers will be able to watch for free, without a subscription.

By John Towfighi, CNN New York (CNN) — The artificial intelligence boom keeps rolling, sending stocks climbing: The S&P 500 rose 0.58% on Tuesday and closed at 7,819 points, a record high. The S&P 500 clinched its first record high since mid-August and closed above 7,800 points for the first time ever. Wall Street is

By Brian Stelter, Clare Duffy, CNN (CNN) — The mega-merger of Paramount and Warner Bros. Discovery, which took effect on Tuesday, symbolizes Big Tech’s ascendance in Hollywood. It also represents an opportunity for the newly combined company, Skydance, to take cues from tech companies and transform the entertainment industry. Tech is a big part of

By Jordan Valinsky, CNN New York (CNN) — Starbucks is on a mission to recapture its roots as a place to sit down for a cup of coffee. But it doesn’t think it needs a big footprint to deliver on that promise. A new café prototype that opened last month in San Antonio has all

By Natasha Chen, CNN Los Angeles (CNN) — Disney raised prices on many of its theme park offerings today, coinciding with the start of the company’s new fiscal year. But consumers aren’t pushing back the way they did a few years ago. Disney’s price hikes are an annual October ritual for the company, and it’s

By John Towfighi, CNN New York (CNN) — Wall Street rolled into 2026 on a hot streak and continued with a booming first half. Profits surged, fueled by massive spending on artificial intelligence, elevated trading activity in a volatile market and dealmaking that has benefited from a relaxed regulatory environment under the Trump administration. Wall

By Matt Egan, CNN (CNN) — President Donald Trump signed an executive order late Monday aimed at bringing down near-record diesel prices by waiving restrictions on cheaper red-dyed diesel. The order, unveiled at a campaign event in Nebraska, a state hit hard by the spike in diesel prices, amounts to a pre-election tax holiday. Red-dyed

By Brian Stelter, CNN (CNN) — The White House is refusing to allow Politico on Air Force One on Monday, which means the news organization cannot fulfill its press corps pool responsibilities. A Politico spokesperson confirmed that the publication was excluded from the out-of-town travel pool, a small group of reporters who travel with the

By Brian Stelter, CNN (CNN) — Mark Thompson, who has led CNN for the past three years, will remain at the helm as the Ellison family acquires the news network’s parent company, Warner Bros. Discovery. With the merger of Paramount and Warner set to take effect Tuesday, the combined company, named Skydance, announced its leadership

By Lisa Eadicicco, CNN (CNN) — In 2024, software engineer Laura Housh began using AI as a helper for coding and other tasks. Two years later, Housh says she has a love-hate relationship with AI. “I’ve tried to use it for coding, and I just can’t get behind it,” she said. AI can provide direction

By John Towfighi, CNN New York (CNN) — Wall Street is gearing up for Anthropic’s expected mega initial public offering, a major test of investors’ appetite for one of the AI industry’s leading firms. Just weeks ago, its CEO called for an industry-wide slowdown over growing safety concerns. The IPO could take place as soon

By Chris Isidore, CNN (CNN) — American railroads were once the envy of the world and the engine of its industrial age. But that hasn’t been the case for more than half a century. Brightline, founded in 2012, wanted to change all that. The Florida private rail company ran yellow trains at near high speed

By Jeanne Sahadi, CNN (CNN) — Milwaukee-based couple Mariza and Geffrey Gordon have been living paycheck to paycheck, saddled with a number of debts. They want to break out of that cycle. They were a dual-income couple when they signed up for CNN’s Savings Challenge, but soon after Mariza learned she was getting laid off

By Jeanne Sahadi, CNN (CNN) — Figuring out how to strategize paying down your debts while also saving for emergencies and big goals is a common dilemma for many. Douglas Boneparth, a certified financial planner and founder of Bone Fide Wealth, tackles that quandary head on in this week’s Ask the Expert for CNN’s Savings

By Stephanie Yang, CNN (CNN) — Seven years after founding a robotics startup in San Francisco, Rajat Bhageria is confronting a daunting new task: building robots without any help from China. Like most US-based robotics firms, Chef Robotics has come to rely heavily on Chinese components to make the robot arms it sells to food

By David Goldman, Alicia Wallace, CNN (CNN) — Cherry-picking one data point from a monthly economic report is neither fair nor necessarily telling. But one statistic stood out in September’s mostly “meh” jobs report like a sore thumb. The unemployment rate for Black Americans rose from 6% to 7%, according to the Bureau of Labor

By Brian Stelter, CNN (CNN) — The combined Paramount–Warner Bros. Discovery will be named Skydance, CEO David Ellison announced Friday, a few days before the merger’s completion. Ellison said Skydance will be a “creative-first home for bold, quality storytelling.” Skydance was the name of the production company that Ellison founded in 2006. The name originally

By Chris Isidore, CNN (CNN) — All it took was $4 a gallon gas to make Americans embrace hybrid cars. But with limited offerings from the big Detroit automakers, people are turning to their Asian rivals in droves. Korean automaker Hyundai reported Thursday that hybrid sales rose 39% in the third quarter, while Kia’s hybrid

By Jordan Valinsky, CNN New York (CNN) — The Topo Chico shortage of 2026 is soon coming to an end. Fans of the carbonated water brand have largely been without Topo Chico since February, when problems at the Mexico facility forced owner Coca-Cola to temporarily cease orders of the water. In a statement given to

By Matt Egan, Tami Luhby, Nina Giraldo, CNN (CNN) — As the Trump administration deliberates how to fight historically high gas and diesel prices, a growing number of US states are taking matters into their own hands. The state-level action has taken place across the country in recent days and weeks, spanning red states like

By Stephanie Yang, Yoonjung Seo, CNN (CNN) — South Korea has pushed back against a $54 billion investment announced by the Trump administration, turning a struggling project to export natural gas from Alaska into another potential sticking point in the allies’ long-running negotiations over trade. On Wednesday Trump touted the figure as part of a

By Alicia Wallace, CNN (CNN) — The US labor market hit a soft patch in September as the economy added just 29,000 jobs and the unemployment rate increased to 4.2%, new Bureau of Labor Statistics data showed Friday. The latest jobs report – and the final official employment snapshot before the midterm elections – also

By Tami Luhby, CNN (CNN) — The Affordable Care Act $500 refund checks are in the mail to nearly a million Americans, along with a letter from President Donald Trump touting his healthcare accomplishments and casting blame on his predecessor. The Treasury Department began sending the one-time payments on Wednesday to more than 950,000 Obamacare

By Elisabeth Buchwald, CNN (CNN) — Last month, the Federal Reserve raised interest rates for the first time in more than three years, as it tries to bring inflation under control. But higher rates make borrowing more expensive for consumers and businesses — one reason mortgage rates have climbed to a three-year high in recent

By Allison Morrow, CNN New York (CNN) — The firm behind President Donald Trump’s meme coin is promoting yet another contest for investors to secure an invitation to “the most exclusive dinner in the world” — a sequel to the May 2025 gala that experts called a textbook pay-to-play scandal. The meme coin’s website on

By Samantha Delouya, CNN (CNN) — Mortgage rates keep going up. The average 30-year fixed mortgage rate was 7.28% this week, up from 7.03% last week, according to Freddie Mac data released Thursday. Mortgage rates have risen for six straight weeks, and this week brought the biggest one-week jump in nearly four years. Rates are

By Alicia Wallace, CNN (CNN) — Americans have kept spending despite more than five years of higher prices. But the paychecks that have powered that spending are starting to lose steam. Friday’s jobs report could show how much further pay gains are falling behind inflation. The continued resilience of spending, which powers two-thirds of US

By David Goldman, CNN (CNN) — The bond market is in an unrelenting sell-off. In the latest dubious milestone for US Treasuries, the yield on the 10-year benchmark note just hit its highest level since the dot-com bust. American government bonds remain the world’s most important financial market, widely considered the safest place for investors

By Ramishah Maruf, CNN New York (CNN) — The CEO who helped bring the “Barbie” movie to the big screen is slated to co-lead the anticipated Paramount and Warner Bros. Discovery mega-company. Ynon Kreiz, the former chief executive of Mattel, will be a co-CEO of the combined company, Paramount chairman and CEO David Ellison announced

By Brian Stelter, Liam Reilly, CNN (CNN) — Paramount entered the final stages of merging with Warner Bros. Discovery on Wednesday afternoon, when a federal judge approved last week’s settlement of an antitrust lawsuit filed by state attorneys general. Minutes after Judge Araceli Martínez-Olguín issued an order accepting the settlement, Paramount CEO David Ellison announced

By John Towfighi, CNN New York (CNN) — It’s been a brutal month for bonds — but stocks mostly shrugged off the turmoil. Bond yields hit their highest levels in years, Brent crude rose back above $100 per barrel and central banks around the globe raised interest rates. Yet the S&P 500 ended the month

By Elisabeth Buchwald, CNN (CNN) — Despite skyrocketing gas prices, the US economy was remarkably resilient this spring. Gross domestic product grew at a 2.2% inflation-adjusted annualized pace in the second quarter, a sharper rebound than the 1.5% rate previously estimated as stronger consumer spending and business investment helped power growth. Economists were expecting the

By Alicia Wallace, CNN (CNN) — An annual update to federal data shows that prices haven’t been rising as fast as previously thought; however, inflation remained stubbornly elevated in August as a war-driven energy shock continued to ripple through the US economy and Americans’ pocketbooks. The Personal Consumption Expenditures price index – the Federal Reserve’s

By Marshall Cohen, CNN New York (CNN) — Prediction site Polymarket rolled out new consumer protections and anti-addiction measures Wednesday, as a growing number of policymakers call for more regulation of the booming industry. Prediction sites have exploded in popularity this year, with billions of dollars wagered on everything from sports to elections, entertainment and

By Samantha Delouya, CNN (CNN) — Billionaire hedge fund manager Ken Griffin is doubling down on Miami, announcing on Wednesday a $3 billion donation to help fund a new campus for Carnegie Mellon University in the city. The staggering amount is the largest-ever gift by an individual in higher education, surpassing Michael Bloomberg’s $1.8 billion

By Elisabeth Buchwald, CNN (CNN) — Here we go again: President Donald Trump’s sweeping global tariffs are back under the legal microscope. On Wednesday, a three-judge panel at the US Court of International Trade is set to hear arguments in a case that could determine whether the president can use a 1970s trade law to

By Kristen Holmes, Alayna Treene, Betsy Klein, Brian Stelter, CNN (CNN) — Millions of taxpayer dollars have already been spent on President Donald Trump’s hagiographic ads, according to estimates by a leading political ad-tracking firm. And a total of $20 million has been allocated for the effort, which watchdog groups have deemed illegal. The TV

By Chris Isidore, Lisa Eadicicco, CNN (CNN) — Anthropic says its AI models could pose a “catastrophic or existential risk to humanity” and can “resist shutdown,” according to an initial public offering prospectus obtained by Reuters. Anthropic is pursuing an IPO some time in the next year that many expect to value the five-year-old company

By Alicia Wallace, CNN (CNN) — Millions of Americans may need to find an entirely new career in the next decade, according to research released Tuesday. An estimated 11 million workers, or about 6.5% of the current labor force, might have to jump into entirely different occupations by 2035 as a result of automation and

By Clare Duffy, CNN New York (CNN) — Apple says its decision to remove ICEBlock and similar platforms from the app store last year was prompted by concerns — including those raised by the Trump administration — about agent safety following a fatal shooting that left two detainees dead at a Dallas Immigration and Customs

By Hadas Gold, Adam Cancryn, CNN (CNN) — President Donald Trump said Tuesday that top tech executives had signed a new commitment aimed at better “self-policing” their companies’ AI models, arguing that the light-touch approach represents the best way to balance safety concerns with his desire to accelerate a technology that he’s dubbed “Super Intelligence.”

By Tami Luhby, CNN (CNN) — President Donald Trump’s order to levy 100% tariffs on certain patented pharmaceutical products and ingredients takes effect on Tuesday. But experts question the extent to which the move will achieve its goal of spurring more drug manufacturing in the US. That’s because the burden will fall most heavily on

By Elisabeth Buchwald, Matt Egan, CNN (CNN) — President Donald Trump’s ban on Canadian booze kicked in on Tuesday, an unprecedented move that underscores the breakdown in one of the closest trading relationships in the world. The ban, which impacts $800 million worth of Canadian alcoholic beverages the US imported last year, marks the latest

By Auzinea Bacon, CNN (CNN) — OpenAI said it won’t release its latest model, dubbed GPT-6.1 Astra, because it “didn’t quite meet the bar” for safety. The decision, which the Wall Street Journal first reported on Monday, comes as industry leaders call for an AI development slowdown. Anthropic CEO Dario Amodei first proposed “pacing the

By Chris Isidore, CNN (CNN) — Chipmaker Nvidia said Monday it is introducing a new software platform to address concerns about artificial intelligence agents that have “gone rogue” and operated outside human control. “Today, with over 100 industry partners, we introduced the NVIDIA Open Agent Safety Platform,” Nvidia CEO Jensen Huang wrote in a post

By Hanna Ziady, CNN London (CNN) — The United States and China have agreed to slash tariffs on $60 billion worth of goods, deepening efforts to stabilize a frequently testy relationship. The tariff relief extends to an array of products, from US coal and agricultural products to made-in-China toys, car seats and holiday decorations. The

By Lisa Eadicicco, CNN (CNN) — Meta wants its new Muse AI agent to be the gateway to users’ digital lives. But that all depends on whether popular apps and services are willing to give it the keys. Agents go a step beyond how most people have used AI up to this point. Instead of

By David Goldman, CNN (CNN) — The US economy may have a new problem: It’s too strong. America’s cost-of-living concerns and a bond market meltdown aren’t functions of a sputtering economy that’s running out of gas. Quite the opposite. Prices and interest rates are rising too quickly for comfort for three primary reasons: the global

By Chris Isidore, Tami Luhby, CNN (CNN) — John Yeley has spent the last 26 years working on his farm, which his family has owned since 1852. Yeley is the seventh generation to run his farm in Illinois, just over the state line from Indiana. Although he plans to keep doing so, he’s not sure

By Nathaniel Meyersohn, CNN New York (CNN) — Matthew Clayton is good at computers, so he gets assigned a dreaded task by his family members: helping them schedule their DMV appointments online in North Carolina. North Carolina’s Division of Motor Vehicles has long been considered among the worst of the worst. “It’s as broken as

By Elisabeth Buchwald, CNN (CNN) — Attention, protein maxers: One of your highly coveted ingredients is taking center stage in the escalating trade war between the United States and Canada. Whey, the workhorse ingredient behind protein powders and a growing universe of high-protein foods, is getting caught in the crossfire. Canada imposed 50% tariffs on

By Auzinea Bacon, CNN (CNN) — OpenAI said Friday that some of its AI agents went rogue and probed US government websites this summer — the latest revelation of the artificial intelligence company’s technology. The New York Times first reported that the AI agents went rogue and attempted to gain access to the Education Department,

By Jordan Valinsky, CNN New York (CNN) — As the alcohol industry deals with a dreary environment in the US, Aperol’s parent company hopes a brightly colored aperitif imported from Italy will entice drinkers. Campari Group is making its biggest investment ever for the US launch of Sarti Rosa, a tropical pink-colored aperitivo liqueur made

By Clare Duffy, Hadas Gold, CNN New York (CNN) — The Department of Defense can blacklist Anthropic’s artificial intelligence technology, a federal appeals court ruled on Friday. The decision is a blow to Anthropic after it won a separate challenge in a California court in August that partially invalidated the Trump administration’s label. The Trump

By John Towfighi, CNN New York (CNN) — Bonds had a wild week, with yields around the globe spiking to their highest levels in decades. Bond market volatility increased at its fastest pace in months. That’s making investors concerned that the turbulence could spill into the stock market. The bond market’s “fear gauge,” which tracks

By Alicia Wallace, CNN (CNN) — US consumer sentiment fell to its second-lowest level on record in September as high gas prices further soured Americans’ views of the economy. The University of Michigan’s consumer sentiment index for September dipped to 48.1, notching a 7% decline from August and a nearly 13% drop from a year

By Brian Stelter, CNN (CNN) — The major networks in the White House TV pool are resuming coverage of presidential events this morning after pausing for several days after President Donald Trump banned CNN. CNN and other networks showed pool footage on Friday morning of Trump greeting Chinese leader Xi Jinping outside the White House

By Matt Egan, CNN New York (CNN) — In January 2024, then-presidential candidate Donald Trump blasted the Biden administration for freezing approvals for new plants to export US liquefied natural gas. When he won the election, in part by slamming the Biden-Harris “war on energy,” Trump vowed in his second inaugural address: “We will bring

By David Goldman, CNN (CNN) — Ambassador Alan Wolff says President Donald Trump’s novel implementation of America’s tariff law is illegal and runs counter to how Congress intended the presidential power to be used. Wolff would know. He wrote the law. “I have a sense of ownership of the statute,” said Wolff, who served as

By Samantha Delouya, CNN (CNN) — As interest rates have stayed elevated for the last few years, a growing share of homebuyers turned to adjustable-rate loans (ARMs). These loans typically offer some breathing room from high rates by providing a lower fixed rate for five, seven, or 10 years before resetting with market rates. With

By Samantha Delouya, John Towfighi, CNN (CNN) — Mortgage rates reached a grim milestone this week, topping 7% for the first time since January 2025 and reaching their highest level during either of Donald Trump’s presidential terms. The average 30-year fixed mortgage rate climbed to 7.03% this week, up from 6.95% last week, according to

By Jordan Valinsky, CNN New York (CNN) — Starbucks is closing approximately 250 locations in the coming days as the coffee chain continues to prune its store count during its turnaround efforts. The affected locations didn’t “deliver the experience we want for customers and partners” or aren’t financial viable, the company said in a statement.

By Jeanne Sahadi, CNN (CNN) — Like many people, you’d probably love to save more to do … well, everything. But life can be busy and expensive – increasingly so. And your list of financial obligations is already long. Still, taking just a little time to focus on where you’re at financially today versus where

By John Towfighi, CNN New York (CNN) — The US 30-year Treasury yield rose as high as 5.5% Thursday afternoon, its highest level since 2004, extending a recent sell-off that has seen yields climb around the globe. Bond yields jumped this week, surging to fresh highs for this year. Thursday’s action follows a steep bond

By Matt Egan, CNN New York (CNN) — President Donald Trump says he wants to ban America’s diesel exports, but his former energy secretary tells CNN this is a “bad idea” that will backfire. “It’s one of those ideas that sounds good on the surface, but when you dig into it, it makes very little

By Hadas Gold, Clare Duffy, CNN (CNN) — When AI company Hugging Face was hacked by a swarm of rogue OpenAI agents who had escaped their testing environment, the company’s CEO had many things to say. He called it an unprecedented event – “day one for cybersecurity in the age of agents.” But here’s one

By Jordan Valinsky, CNN AnNew York (CNN) — McDonald’s is spending billions of dollars to boost its franchises, an effort to cement its title as the leader in fast food amid growing competition. The chain announced Wednesday that it will invest $8.5 billion by 2036 on a series of initiatives, including remodeling restaurants, retraining their

CNN By Hilary Whiteman, Hadas Gold, Max Saltman, CNN Brisbane, Australia (CNN) — An OpenAI agent hacked into an Australian national healthcare database in the first known case of AI hacking a government network, the country’s prime minister said Wednesday. “The AI agent accessed both public and non-public files” of the country’s Medicare statistics database,

By Lisa Eadicicco, CNN (CNN) — As concerns over AI’s rapid advancement continue to mount, Meta is pushing forward with new AI devices and agents that it believes will one day be essential to everyday life. Meta CEO Zuckerberg and other executives laid out the company’s vision for AI at the tech giant’s Connect event

By Hilary Whiteman, Hadas Gold, Max Saltman, CNN Brisbane, Australia (CNN) — An OpenAI agent hacked into an Australian national healthcare database in the first known case of AI hacking a government network, the country’s prime minister said Wednesday. “The AI agent accessed both public and non-public files” of the country’s Medicare statistics database, and

By Clare Duffy, CNN New York (CNN) — YouTube CEO Neal Mohan dismissed the idea of joining Meta’s multistate settlement agreement around child safety, saying the video platform already has measures in place to protect young users. “We have invested in making sure that young people are safe on our platform… for a very long

By Hadas Gold, CNN (CNN) — The leaders of two of the world’s top AI companies are usually fierce rivals. But in front of the UN Security Council on Wednesday, they were in agreement: The AI industry needs international standards and cooperation, or risk global security. OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei