Money

By Matt Egan, Alicia Johnson, Nina Giraldo, CNN (CNN) — On the campaign trail in 2024, Donald Trump made a series of bold promises to voters about how he would rapidly drive down the cost of living and transform the US economy if they sent him back to the White House. Trump’s economic message resonated

By Jordan Valinsky, CNN New York (CNN) — For decades, it was the all the bells and whistles that was the selling point for a fancy coffee machine. Now, consumers are looking for what it lacks. Growing concern over microplastics and sustainability is sparking a wave of plastic-free coffee pods and machines. Coffee companies and

By Samantha Delouya, CNN (CNN) — America’s housing market is paralyzed, with buyers pulling back and builders growing more pessimistic ahead of the midterms. Adding to the strain: Mortgage rates have surged back above 7% in recent weeks, hitting a three-year high of 7.4% last month. The average 30-year fixed rate eased slightly to 7.24%

By Auzinea Bacon, CNN (CNN) — Binance, the world’s largest cryptocurrency exchange, said it has resumed withdrawals after a record $6.3 billion was stolen from its digital wallets last week. “Today, we’re beginning the phased resumption of withdrawals, taking a careful approach to ensure services return safely and securely,” Binance co-CEO Richard Teng posted on

By Hadas Gold, CNN (CNN) — In early October, AI giant Anthropic inserted new language into its AI usage policy. Alongside banning users from trying to get Claude, the company’s AI system, to help them create bioweapons or sell illegal drugs, the company added a new line: Users should not “engage in sustained and needless

By Phil Mattingly, CNN (CNN) — From Cleveland to the Outer Banks, the cost-of-living crisis that will decide the midterms, in the words of the people living it. Every incumbent on the ballot this fall, Republican or Democrat, is running on a set of numbers. Unemployment at 4.2%. Record household income. Inflation “cooling.” The five

By Ramishah Maruf, CNN New York (CNN) — It’s always going to be 2006 at the Cheesecake Factory. And for the crowds of young people dining there in cheetah print and sunglasses bigger than the restaurant’s portions, that’s exactly how they want it. Take Caroline Fisher, a 23-year-old in Phoenix who embodies the “Tuscan mom”

By Andrew Kirell, Brian Stelter, CNN (CNN) — A federal judge on Saturday again dismissed President Donald Trump’s defamation lawsuit against The Wall Street Journal over its reporting on a lewd birthday letter to Jeffrey Epstein bearing Trump’s name. For the second time this year, US District Judge Darrin P. Gayles ruled that Trump failed

By Jon Sarlin, CNN (CNN) — On Thursday, Binance, the world’s largest crypto exchange, saw more than $6 billion hacked from its system. Evidence pointed to North Korean hackers, who drained the accounts in a matter of minutes. But what does a hacker do with billions of dollars in stolen crypto? Perhaps no one on

By Jeanne Sahadi, CNN (CNN) — In CNN’s first update on math teacher and tennis coach Jeff Kizer, we described him as “chill” when it came to money and noted he didn’t see it as a source for happiness. But being chill didn’t mean Jeff hasn’t been worried about his financial prospects. A financial plan

By Jeanne Sahadi, CNN (CNN) — There is nothing more agitating for everyday investors than markets falling out of bed and rising inflation eating away at their wallets. Certified financial planner Douglas Boneparth offers his best advice for how to quell that agitation with a smart, long-term investment strategy A reader from Maryland asks: How

By Auzinea Bacon, CNN (CNN) — A group of college students walked into Lorenzo Caltagirone’s costume store in Washington, DC, earlier this week to dress up as yellow cartoon Minions for Halloween. Once they saw the price — $60 apiece — they opted for small accessories to get a similar look: goggles, gloves and hats.

By Zahra Ullah, Anna Chernova, CNN Moscow (CNN) — Novaya Gazeta, one of Russia’s last independent news outlets, announced on Friday it would close down operations due to pressure from authorities. “Novaya Gazeta has been killed,” Editor-in-chief Sergei Sokolov said in a video statement. “On November 9, we will turn off the lights in the

By John Towfighi, Lucy Bayly, CNN (CNN) — Wall Street suffered a steep day of losses Friday after the latest tech earnings reignited concerns that massive spending on AI may not deliver the returns that investors expect. The Nasdaq Composite dropped 2.86% and the S&P 500 fell 1.82%, each suffering their worst day since June.

By Chris Isidore, Matt Egan, CNN (CNN) — Big Oil minted big money as the Iran war delivered American drivers the highest gas prices on record for the third quarter. The two biggest US oil companies posted huge jumps in profit on Friday. ExxonMobil earned $15.4 billion in the third quarter, slightly more than doubled

By Soph Warnes, Elisabeth Buchwald, CNN (CNN) — For decades, the United States and Canada worked to build one of the world’s closest economic partnerships, with supply chains, businesses and trade increasingly intertwined. But now, with the two countries in the thick of a trade war, Canada is taking a dramatic step to reduce its

By John Liu, CNN Hong Kong (CNN) — The global artificial intelligence boom that has helped sustain Chinese economic momentum this year still can’t offset its domestic woes, particularly in its stock market. Since peaking in June, key Chinese indexes have fallen more than 20%, crossing the threshold for a bear market. Beijing responded last

By Sean Lyngaas, CNN (CNN) — Binance, the world’s largest cryptocurrency exchange, has suspended withdrawals after hackers broke into its digital wallets and stole $6 billion in what appears to be the biggest crypto heist ever. The exchange said Friday that it has begun recovering affected assets and was continuing to work with law enforcement

By John Towfighi, CNN (CNN) — Shares of Google’s parent company tumbled more than 12% on Thursday, their worst day on record — a historic single-day decline bigger than any day during the Covid-19 pandemic or 2008 financial crisis. The drop erased roughly half a trillion dollars in Alphabet’s (GOOGL) market value, the second-largest single-day

By Jordan Valinsky, CNN New York (CNN) — DoorDash is buying rival Instacart in a deal worth roughly $17 billion, signaling that the delivery wars continue to heat up. The deal, announced Thursday, marks an end for Instacart as an independent company. Instacart went public in 2023 and benefited from a pandemic-era boom for the

By Alicia Wallace, Elisabeth Buchwald, CNN (CNN) — US economic growth accelerated last quarter at its fastest pace in a year; however, rising gas prices helped to lift inflation in September to a four-month high, new data showed Thursday. The Personal Consumption Expenditures price index rose 0.5% from August, bringing the annual rate of inflation

By David Goldman, CNN (CNN) — President Donald Trump made an extraordinary announcement this week: Venezuela had gifted the United States 1 million barrels of oil – and it didn’t cost American taxpayers a dime. Tuesday’s announcement apparently surprised one important party to the deal: the producer of the Venezuelan oil. North American Blue Energy

By Ramishah Maruf, CNN New York (CNN) — Leaders at Weil, Gotshal & Manges, the nearly century-old law firm that worked for companies from the Lehman Brothers to General Motors, recommended on Wednesday that the firm shut down. “Following a careful review of strategic alternatives, the Firm’s Management Committee has recommended to the partnership that

By Brian Stelter, CNN (CNN) — CNN, MS NOW and Politico have amended their lawsuit against President Donald Trump’s White House press ban, citing “continued retaliatory and viewpoint-discriminatory deprivation” by the Trump administration. The three news outlets are once again accusing the administration of violating the First and Fifth Amendments. The updates to the lawsuit

CNN, POOL, CENTCOM By Rachel Siegel The Federal Reserve on Wednesday held interest rates steady, even as inflation continues to weigh on American households. The widely expected move leaves the Fed’s benchmark interest rate at a range between 3.75% and 4%. In a statement, Fed leaders said uncertainty was still high, in part because of

By Lisa Eadicicco, CNN (CNN) — Apple once scoffed at the idea of a laptop with a touchscreen. But that all changed on Wednesday when the tech giant announced the MacBook Pro with PROLED XDR Display, its first laptop with a touch-sensitive display. For years, PC makers have been releasing touchscreen computers in an attempt

By Hadas Gold, Lisa Eadicicco, CNN (CNN) — It’s typical for companies that file to go public to include dozens of pages of risk factors outlining the biggest obstacles to their business. What happens if consumers don’t like the product? Are we liable if the product is misused? Anthropic’s IPO filing included a massive and

By Alicia Wallace, CNN (CNN) — The US economy continues to grow at a relatively healthy pace, but American workers aren’t fully reaping the financial rewards. In fact, American workers’ piece of the economic pie is shrinking. By one official measure, their slice is the smallest in almost 80 years. The labor share of income,

By David Goldman, CNN (CNN) — What does Anthropic’s chatbot, Claude, think about the big initial public offering? I asked. (Responses in bold.) Before the substance, a disclosure that matters for your story: I’m Claude, made by Anthropic, the company in this filing. Nice work, Claude! I laughed out loud at this. Looks like Anthropic’s

By Lisa Eadicicco, Clare Duffy, John Towfighi, CNN Anthropic filed for an initial public offering Monday in what could become one of the largest stock market debuts in history — detailing its surging business growth, along with a vast multitude of warnings about how it could all go wrong. Anthropic’s filing with the Securities and

By Lisa Eadicicco, Hadas Gold, CNN (CNN) — The vulnerabilities were around for years — more than a decade — but researchers were only able to understand how hackers could take advantage of them with the help of AI. The vulnerability, called P2PShell, impacts a coding language that powers 70% of the world’s websites, enabling

By Matt Egan, CNN New York (CNN) — On the campaign trail in 2024, President Donald Trump promised to make gas dirt-cheap again and blamed record-high gas prices on the Biden-Harris “war on energy.” But then an actual war got in the way: Trump’s deeply unpopular conflict with Iran. Nearly eight months into a war

By Samantha Delouya, CNN (CNN) — In a housing market where affordability is increasingly out of reach for many buyers, Vic Bulbon is looking at a type of property that’s becoming less expensive: condominiums. With national home prices near record highs and mortgage rates topping 7% in recent weeks, buying a home remains out of

By Brian Stelter, Andrew Kirell, CNN (CNN) — President Donald Trump has just penned his longest Truth Social post ever, according to a CNN analysis and a third-party tracking firm. The topic of the president’s essay? Not the midterm election or the Middle East conflict. The post is about his complicated relationship with HBO comedian

By Chris Isidore, CNN (CNN) — People have been wishing for flying cars since the earliest days of flight and automobiles. Does Tesla’s demonstration earlier this month of a “flying” version of its new Roadster mean we’re close? If you’re looking for a car that can safely travel on roads and highways while also flying

By Nathaniel Meyersohn, CNN New York (CNN) — Brett Smiley was elected mayor of Providence in 2022 on a pledge to build more housing and get things done in Rhode Island’s capital city. Smiley worked closely with city and state leaders to relax restrictive zoning laws and cut red tape to make it easier to

Allison Morrow, CNN New York (CNN) — Down a dim, crooked hallway inside the Jay Street Lofts, a hulking brick relic of Brooklyn’s industrial past, Naomi Mishkin is conducting a radical fashion experiment. She’s making shirts. In New York City. Using cotton and wool. They are not cheap, and they never go on sale. That

By Jeanne Sahadi, CNN (CNN) — The last time CNN checked in with Mariza and Geffrey Gordon, the Milwaukee-based couple weighed down by debt who hoped to build an emergency fund and stop living paycheck to paycheck, they’d just gotten disappointing news. They’d been told because of their credit scores, they didn’t qualify for a

By Jeanne Sahadi, CNN (CNN) — If your partner is in a tough spot financially and you want to help cure the problem, you might take a beat to consider the circumstance holistically before doing anything. In this week’s Ask the Expert for CNN’s Savings Challenge, Douglas Boneparth, certified financial planner and founder of Bone

By Alicia Wallace, Matt Egan, CNN (CNN) — A gallon of unleaded gas costs 40% more today than it did last year. A gallon of diesel is running nearly 75% higher. As for Americans’ optimism about the economy 11 days before the midterm elections? That’s nearly running on empty. High gas prices and years of

By Chris Isidore, CNN (CNN) — Think you paid a lot to fly this summer? Don’t expect it to get any better this holiday season, or even next year. The major US airlines reported that fares rose sharply during the July to September period, a result of higher fuel costs and steady demand. US airfares

By Jordan Valinsky, CNN New York (CNN) — KFC dumped PepsiCo last week, but its sister chain Taco Bell announced Thursday it’s keeping the Mountain Dew Baja Blast maker on for another decade. The Taco Bell deal is a much-needed win for PepsiCo, whose business has had rough few weeks. Not only did it lose

By Tami Luhby, CNN (CNN) — Workers might start feeling faint when they sign up for work-based health coverage for 2027. Premiums are expected to skyrocket for the fourth year in a row, and employees will likely pay more when they receive care, too. The increased costs will put an additional squeeze on Americans’ already-tight

By Clare Duffy, CNN New York (CNN) — As a new mom-to-be, my social media feeds have clocked me — funneling endless videos my way about pregnancy, nursery prep and birth stories, to the point of baby information overload. I needed a break. I recently told my Instagram algorithm I’m no longer interested in seeing

By Clare Duffy, CNN New York (CNN) — A New Mexico judge ordered Meta to pay $25 billion after the company was found to have misled users about its privacy practices in a case related to the Cambridge Analytica scandal. The Wednesday ruling marks one of the largest-ever legal penalties for a tech giant —

By Lisa Eadicicco, Hanna Ziady, CNN (CNN) — Governments and companies around the world are racing to fix vulnerabilities revealed by artificial intelligence that could affect 70% of the world’s websites. Some websites and services briefly went dark after the set of vulnerabilities were announced Wednesday. The US National Security Agency and Europe’s cybersecurity agency

CNN By Lisa Eadicicco, CNN (CNN) — There were many times I didn’t want to put the iPhone Duo down. Once you get used to reading, watching TV and scrolling through Instagram on a giant screen, it’s hard to go back to a tiny glowing rectangle. There’s just one issue: Many apps are still made

By Lisa Eadicicco, CNN (CNN) — There were many times I didn’t want to put the iPhone Duo down. Once you get used to reading, watching TV and scrolling through Instagram on a giant screen, it’s hard to go back to a tiny glowing rectangle. There’s just one issue: Many apps are still made for

By T.M. Brown, CNN (CNN) — On October 6, the Zimbabwean author Simbarashe Kundizeza won the Caine Prize for African Writing, for the short story “The Blue Fighter.” Less than a week later, The Atlantic published a piece declaring that the story’s narrator “has all the personality of a chatbot.” “The AI detector Pangram flags

By Hanna Ziady, CNN London (CNN) — US President Donald Trump has welcomed the UK government’s controversial decision to approve the development of a major new gas field in the North Sea that could begin production as soon as this month. “The U.K. has started drilling in the North Sea, one of the greatest and

By Allison Morrow, CNN New York (CNN) — SpaceX shares shot up more than 8% Wednesday morning after a better-than-expected earnings report and CEO Elon Musk’s revelation that SpaceX and Tesla had formed special committees to discuss a potential merger. Asked about the long-rumored tie-up on an earnings call Tuesday, Musk voiced support for the

By Sadie Andrew, CNN (CNN) — The second-hand online marketplace Vinted has removed listings of looted French goods and stepped up checks on “suspicious” adverts, as the country’s authorities seek to prevent goods stolen during riots from being sold online. Vinted says its teams have taken “immediate action to identify and remove listings linked to

By Brian Stelter, CNN (CNN) — The White House has been excluding CNN from President Donald Trump’s trips on Air Force One, disrupting a decades-old tradition of pooled TV coverage. Now an attorney for CNN is warning that the network will take additional legal action if the White House continues to prevent its news crews

By Chris Isidore, CNN (CNN) — President Donald Trump announced at a Kansas rally on Monday that his administration is introducing an $8 billion aid package for farmers in the face of high diesel and fertilizer costs. The package comes just two weeks before midterm elections, where political headwinds threaten to complicate Republicans’ efforts to

By Hanna Ziady, CNN London (CNN) — Global energy markets are more than a year away from returning to normal and remain highly vulnerable to “overlapping crises” in the Middle East, the head of the International Energy Agency has warned. His comments come as oil prices have been marching upwards in recent weeks. Brent crude,

By John Towfighi, CNN New York (CNN) — Wall Street is increasingly scrutinizing the massive debt companies are taking on to fund the artificial intelligence boom. Rising interest rates and uncertainty about the pace of the data center buildout are fueling concerns about whether heavily indebted AI companies will be able to earn enough to

By Alexandra Skores, CNN (CNN) — At the top of one of Ryanair’s European website’s reads “fly FROM 24.99€.” The Irish-based airline is one of the most profitable low-cost carriers in the world with a network that crisscrosses Europe. The success lies in its commitment to its business model, which cuts airline costs to the

By David Goldman, CNN (CNN) — France is on fire, and it faces a political and an economic reckoning that feels dangerously familiar to Americans. The country is nearing a fiscal crisis, because it spent more than it can afford to pay back. The bill is coming due much faster than expected after bond rates

CNN, BFMTV, @EPERDUMENCE VIA INSTAGRAM, CORMAC DELANEY, X , ELYSEE, @EMMANUELMACRON VIA X By Jessie Yeung, CNN (CNN) — French authorities promised a “massive” police presence for planned protests on Saturday and imposed localized curfews for a second consecutive night as the country grapples with the fallout from its worst rioting in years. The moves

By Liam Reilly, Brian Stelter, CNN (CNN) — Jon Stewart will remain at the helm of Comedy Central’s “The Daily Show” through December 2028, extending his once-a-week hosting role through the next presidential election. Skydance announced the two-year extension on Monday, resolving uncertainty about Stewart’s contract, which was due to expire in December. The new

By Matt Egan, CNN (CNN) — In a major setback for the kingdom’s economic ambitions, Saudi Arabia has canceled a major conference scheduled for next week in Riyadh amid a wave of attacks by Iran-backed Houthi militants. Known as “Davos in the Desert,” the Future Investment Initiative will now take place on an undisclosed date

By Brian Stelter, CNN (CNN) — CNN legend Christiane Amanpour, the network’s chief international anchor, said Monday that she will sign off from CNN next June. “After many months of thought and a few sleepless nights, I have decided to separate from CNN, my partner of 43 fantastic years!” Amanpour said in a statement. Amanpour,

By Nathaniel Meyersohn, CNN New York (CNN) — “Surveillance pricing” sounds very, very bad. Consumers think companies are tracking their search history, location and income to charge more for groceries and other products. Naturally, lawmakers are trying to crack down on this supposed nightmare. In Colorado, the legislature passed a bill this summer to ban

By John Liu, CNN Hong Kong (CNN) — China reported better-than-expected Q3 growth on Monday as robust exports of chips and electronics components on the back of a global artificial intelligence boom buoy the world’s second-largest economy, despite sluggish demand at home. China’s National Bureau of Statistics said the economy grew 4.5% from a year

By Brian Stelter, CNN (CNN) — “You Can See Everything” just saw the biggest box office opening for a documentary in more than 20 years. Nathan Fielder and Lance Oppenheim’s genre-bending film about disgraced Theranos founder Elizabeth Holmes made more than $15 million in ticket sales. Many weekend screenings in cities like New York and

By Clare Duffy, CNN New York (CNN) — Bland, AI-generated posts have made LinkedIn the butt of many an internet joke this year. The platform has heard its users’ complaints about lengthy, generic missives never touched by human hands loud and clear. As AI has made it easier than ever to create huge volumes of

By Jeanne Sahadi, CNN (CNN) — Abbey Graf readily describes herself as frugal. And after speaking with the 28-year-old for the first time and reviewing her financial situation, certified financial planner Stacy Francis couldn’t agree more. “Her budget is one of the most bare-bones budgets I’ve ever seen,” Stacy said. Abbey has two main savings

By Jeanne Sahadi, CNN (CNN) — Sometimes, the problem with savings is less about where to get the money than which savings vehicle to put them in, since they each have their own advantages and disadvantages. In this week’s Ask the Expert for CNN’s Savings Challenge, Douglas Boneparth, certified financial planner and founder of Bone

By Lou Robinson, Anna Cooban, CNN (CNN) — The war between the United States and Iran has upended the global oil market by severely disrupting the flow of oil through two critical waterways: the Strait of Hormuz and, in recent weeks, the Bab al-Mandeb Strait. Iran is now stepping up attacks on tankers transiting Hormuz

By Tami Luhby, CNN (CNN) — The federal budget deficit rose to nearly $2 trillion for the past fiscal year, which ended September 30, the Treasury Department reported Friday. It was the largest annual deficit since 2021, during the height of the pandemic, when the federal government doled out support to keep the economy and

By John Towfighi, CNN New York (CNN) — Tech stocks had a tumultuous week as concerns, including higher interest rates and mounting AI debt, continued to weigh on investor sentiment. The Nasdaq Composite fell 2.14% on Friday, bringing its weekly losses to roughly 4.5% — its worst week since June. The S&P 500 fell 1.09%,

By Lisa Eadicicco, CNN (CNN) — Part of Chris Painter’s job is to help figure out what happened when AI goes rogue, then publish the results in public reports. He and METR, the nonprofit AI research group he helps lead, have been busy lately: They helped OpenAI untangle the Hugging Face hack this year, and

CNN By Chris Isidore, CNN (CNN) — Tesla CEO Elon Musk Thursday unveiled a car that he said will be able to fly, a feature long relegated to science fiction and Saturday morning cartoons. At a product reveal at a Texas test facility belonging to SpaceX, Musk’s other public company, he showed off Tesla’s new

By Chris Isidore, CNN (CNN) — Tesla CEO Elon Musk Thursday unveiled a car that he said will be able to fly, a feature long relegated to science fiction and Saturday morning cartoons. At a product reveal at a Texas test facility belonging to SpaceX, Musk’s other public company, he showed off Tesla’s new Roadster,

By Samantha Delouya, CNN (CNN) — In today’s housing market, there is a growing divide between the “haves” and the “have-nots.” The typical homebuyer faces mounting affordability challenges as home prices rise and inventory remains limited. Adding to the pressure: The recent surge in mortgage rates is making the decision to buy a home even

By Alicia Wallace, CNN (CNN) — US wholesale inflation jumped in September to its highest level in more than four years, marking the second hotter-than-expected inflation reading this week and adding to concerns about the economy just weeks before the midterm elections. The Producer Price Index rose 1.3% from the month before and 6.3% from

By John Towfighi, Hanna Ziady, CNN New York/London (CNN) — A global rout in semiconductor chip stocks sent investors rushing into different sectors and government bonds on Thursday as they looked for safety in other corners of the market. The S&P 500 bounced back from an initial decline and rose 0.33%, led by gains in

By Hadas Gold, CNN (CNN) — OpenAI is accusing a former employee of stealing intellectual property related to an unreleased device and later sharing some of the information with Apple. The employee, OpenAI alleges, had previously worked at Apple, then joined OpenAI for six months, before going back to Apple, according to a court filing

By John Towfighi, CNN New York (CNN) — High-flying technology stocks are taking a bruising this week, as investors grow more skeptical about whether the AI boom will live up to expectations. Stocks dropped on Wednesday, led by declines in the tech sector, after a hotter-than-expected inflation report bolstered bets that the Federal Reserve will

By Alicia Wallace, CNN (CNN) — It’s not just gas. It’s the car repair, the doctor’s visit, the plane ticket, the computer upgrade, the new clothes. Inflation rose faster than expected last month, and more broadly than expected, with price pressures extending well beyond the pump, new Bureau of Labor Statistics data showed Wednesday. The

By Hanna Ziady, CNN London (CNN) — Europe has been conspicuously absent from high-level talks about how to use artificial intelligence safely, despite crafting the world’s first comprehensive set of rules to govern the technology. The irony underscores how far Europe has fallen behind the United States and China in the AI race. Although Europe

By John Liu, Kathleen Magramo, CNN (CNN) — The president of the European Central Bank played down speculation about intervention in France’s ballooning budget crisis on Wednesday. Asked whether there are plans for the ECB to step in, Christine Lagarde said the solution to the precarious financial state of the European Union’s second-largest economy would

By John Liu, Kristie Lu Stout, CNN Bangkok/Hong Kong (CNN) — Southeast Asia’s multi-purpose app Grab will work with OpenAI to boost the AI skills of its drivers, sellers and other providers in Thailand, the Singapore-based company announced on Wednesday. The joint program plans to train 3,000 Grab gig workers across Thailand to tap into

By Hadas Gold, CNN (CNN) — OpenAI discovered a “sophisticated recording device” in one of its offices planted by an employee who has been arrested, the company said Tuesday. The employee, who has since been dismissed by the company, is a Saudi national and has been identified by the US Department of Justice as 35-year-old

By Samantha Delouya and Richard Quest, CNN (CNN) — The US Treasury Department on Tuesday announced it was imposing a more than $1.2 billion fine on Bank of America, accusing the bank of violating anti-money laundering and sanctions laws. The bank, which is the second-largest in the US, failed to mitigate and report “priority national

By Matt Egan, CNN New York (CNN) — The deeply unpopular war in the Middle East continues to deliver economic shockwaves through Main Street America. From $4 gas and 7% mortgage rates to surging airfares, the Iran war is significantly raising the cost of living for inflation-weary consumers ahead of the midterm elections. The conflict

By Chris Isidore, Matt Egan, CNN (CNN) — Six Flags shares sank sharply Tuesday to their lowest level since 2009 after a rollercoaster rider tragically fell to his death at a Georgia park. But the company was under legal and financial pressure long before this week’s deadly incident. At roughly $10 per share, Six Flags

By Clare Duffy, CNN New York (CNN) — Artificial intelligence chat startup Character.ai— which has faced a wave of claims that its app contributed to mental health issues and suicides among teens — has filed for Chapter 11 bankruptcy. Character.ai lets users message with a range of chatbots, often modeled after celebrities and fictional characters,

By Lisa Eadicicco, CNN (CNN) — Apple on Tuesday announced the HomeView, its biggest push into the smart home market in nearly a decade. The new device gives Apple’s revamped version of Siri a presence in consumers’ homes, making it a critical piece of Apple’s AI strategy. The HomeView has a 7-inch screen connected to

By Lisa Eadicicco, CNN (CNN) — It wasn’t your typical concert experience. I watched Billie Eilish from a perspective that felt like I wasn’t in the audience or behind the scenes, but somewhere in between: hovering near the stage alongside the singer as she grasped a fan’s hand in the front row. This is what

By Tami Luhby, CNN (CNN) — When Stephanie Zebrowski retired and started collecting Social Security in 2018, she was able to get by on her monthly payment with a little left over before the next one arrived. That’s no longer the case. Zebrowski, who worked as a financial editor at a brokerage firm, now finds

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