CNN – Business/Consumer

By Alicia Wallace, CNN (CNN) — A war-driven jump in gas prices helped push US inflation to 3.3% in March, marking the fastest annual pace in nearly two years, new Bureau of Labor Statistics data showed Friday. On a monthly basis, prices rose 0.9%, triple the 0.3% pace seen in February, when inflation was 2.4%,

By Vanessa Yurkevich, Chris Isidore, Matt Egan, CNN New York (CNN) — A fragile ceasefire that’s mostly quieted the skies over the Middle East isn’t giving shippers the nerve to brave the narrow waterway that holds the key to 20% of the world’s oil supply. The Strait of Hormuz may be officially re-opening for business,

By Alicia Wallace, CNN (CNN) — When contending with years of budget-breaking inflation, there was at least one saving grace: For the past 34 months, the average wage was growing faster than prices were. That’s expected to change – in short order. When the Consumer Price Index for March is released on Friday morning, it’s

By Hannah Rabinowitz, Liam Reilly, Jill Martin, CNN (CNN) — The Justice Department is investigating whether the National Football League is forcing viewers to pay too much in subscription fees, according to a person familiar with the matter. The full scope of the investigation, run by the department’s Antitrust Division, was not immediately clear. Complaints

By Samantha Delouya, John Towfighi, CNN New York (CNN) — The war with Iran has roiled Wall Street, driving up the cost of a mortgage along with auto and credit card loans, making everyday life more expensive for Americans. Mortgage rates climbed for five straight weeks after the war began, but ticked down this week

By Alicia Wallace, CNN (CNN) — Americans kept spending in February — but just enough to keep up with rising prices, new data showed Thursday; however, the Iran war is expected to push costs even higher. Consumer spending rose 0.5% in February, up from a 0.3% increase in January, according to a shutdown-delayed report released

By Chris Isidore, Matt Egan, CNN (CNN) — Oil futures are plunging – but it could still take weeks or months before gas prices are dramatically lower. Word of a two-week ceasefire in the war in Iran and a possible reopening of the vital Strait of Hormuz to oil tankers sent crude prices crashing on

By Nathaniel Meyersohn, CNN New York (CNN) — Computer science and engineering students at the University of Washington, spooked about AI, returned from spring break last week to a surprising email from the department head. “I’m reaching out because I keep hearing concerns about AI and the future of (computer science) careers,” Magdalena Balazinska, director

By Jeanne Sahadi, CNN (CNN) — If you’re pulling up the rear when it comes to filing your income taxes, you now have less than 48 hours to get your return in – or file for an extension – by April 15 before 11:59:59 p.m. local time. You’re hardly alone in your dash to the

By Hanna Ziady, John Towfighi, CNN (CNN) — Oil prices plummeted and stocks surged Wednesday after a fragile ceasefire between the United States and Iran took effect, spurring hopes that oil tankers would be allowed to pass through the Strait of Hormuz. WTI, the US crude benchmark, tumbled 16.41% to settle at $94.41 per barrel.

By Sean Lyngaas, CNN (CNN) — Anthropic will make its new AI model available to some of the world’s biggest cybersecurity and software firms in an effort to slow the arms race ignited by AI in the hands of hackers, Anthropic said Tuesday. Amazon, Apple, Cisco, Google, JPMorgan Chase and Microsoft, among other firms, will

By Alicia Wallace, CNN (CNN) — AI-driven job losses may not just make it harder for affected workers to find employment in the short term but also could leave a yearslong “scarring,” marked by depressed income, delayed homeownership and even the lower probability of marriage, according to a new research report from Goldman Sachs. And

By Olesya Dmitracova, CNN London (CNN) — Pershing Square Capital Management, founded by billionaire Bill Ackman, has offered to buy Universal Music Group, the record company behind Lady Gaga, Kendrick Lamar and Sabrina Carpenter among other artists. The proposal was submitted alongside a “value creation plan,” the fund, where Ackman is also the CEO, said

By Jeanne Sahadi, CNN (CNN) — The IRS has processed 99.8 million tax returns as of April 3 and paid out 69.8 million refunds. The average amount returned: $3,462. That’s up $346 (or 11.1%) from the same period last year, but still well below the average $1,000 boost that the Treasury Department projected. The average

By Samantha Delouya, CNN (CNN) — After several years of slow home sales, economists hoped 2026 would bring more activity as more homes hit the market and price growth cooled. But just as the spring homebuying season begins, new uncertainty is emerging due to the US-Israeli war with Iran. Mortgage rates climbed last week for

By Elisabeth Buchwald, CNN (CNN) — After weeks of war-driven pressure on fuel prices and supply chains, some businesses are starting to pass those higher costs along to consumers via new fees — or through other, less obvious changes. “Companies tend to look for ways to get more out of what they already have first,

By Matt Egan, David Goldman, CNN New York (CNN) — Six weeks ago, the world was practically swimming in crude oil. The market was oversupplied and prices were low and stable. But now, some parts of the energy market are acting like the world is on the verge of running dry. That’s because the war

By Liam Reilly, CNN (CNN) — CBS has filled its soon-to-be-vacant 11:35 p.m. time slot. The network said Monday that beginning May 22, the day after the finale of “The Late Show with Stephen Colbert,” the hour will be filled by “Comics Unleashed with Byron Allen.” Because “Comics Unleashed” is a half-hour program, CBS will

By Amarachi Orie, CNN (CNN) — Pepsi and brewery company Diageo have withdrawn their sponsorship of the UK’s 2026 Wireless Festival after it was announced that Kanye West would headline the three-day event. The rapper, who goes by the name Ye, has faced backlash in recent years after making repeated antisemitic and offensive remarks. Pepsi

By David Goldman, CNN (CNN) — Jamie Dimon is warning that the US-Israeli war with Iran could lead to another round of persistent inflation and higher interest rates that could sink the US economy into a recession and redefine the global economic order. “Then again, it may not,” Dimon hedged. In his annual letter to

CNN By Brian Stelter, Holly Yan CNN (CNN) — Savannah Guthrie showed viewers her grief and desperation when her mother, Nancy, vanished two months ago. Now she is showing viewers her resolve. Guthrie returned to the “Today” show on Monday morning — her first time co-hosting the flagship NBC morning show since Nancy’s disappearance. “It’s

By Chris Isidore, CNN (CNN) — For Connie Lear, driving even her hybrid car is a luxury she can rarely afford. Lear lives in the rural town of June Lake, California, a picturesque community of 300 people near Yosemite National Park and the Nevada state line. June Lake is part of Mono County, which has

By Bryan Mena, CNN Washington (CNN) — Muneeb Iqbal is set to graduate with a master’s degree in integrated design, business and technology from the University of Southern California next month, but he doesn’t have a job or internship lined up, despite the 4,000 applications he’s tallied over the past year. The 23-year-old told CNN

By Brian Stelter, Holly Yan CNN (CNN) — Savannah Guthrie showed viewers her grief and desperation when her mother, Nancy, vanished two months ago. Now she is showing viewers her resolve. Guthrie returned to the “Today” show on Monday morning — her first time co-hosting the flagship NBC morning show since Nancy’s disappearance. “It’s good

By Auzinea Bacon, CNN (CNN) — Oil prices pushed higher Sunday after President Donald Trump threatened to strike Iranian energy facilities if the Strait of Hormuz is not reopened. Brent crude, the global benchmark, rose 1.4% to $110.60. US crude rose 1.8% to $113.60. “Tuesday will be Power Plant Day, and Bridge Day, all wrapped

By Ramishah Maruf, CNN New York (CNN) — Buying clothes has always been challenging for Ann Lindsay. As a plus-sized 41-year-old, she finds many stores’ plus-size offerings too matronly or too expensive. Lately, it’s gotten worse: Last month, she noticed that her local Target in Chicago removed plus sizes entirely. There were significantly fewer options

By Stephanie Yang, CNN (CNN) — The dream of deploying humanoid robots in every home has created a new type of job. The only requirements are a head strap, a smartphone and a list of chores. With the evolution of artificial intelligence, humanoid robots have become the latest frontier in the race to dominate advanced

By Isaac Tellechea, CNN (CNN) — This year’s Easter baskets will come with a higher price tag and a little less chocolate, despite lower cocoa prices. Cocoa — the key ingredient in chocolate — has been steadily falling in price from its all-time high in 2024, when cocoa beans were trading for over $12,000 a

By Isaac Tellechea, Vanessa Yurkevich, CNN New York (CNN) — In the early hours of March 7, two thieves smashed through a vinyl-lined window at a store in Graham, Washington. Alarms blared as they filled up several large bins with stolen goods. In less than two minutes, they made off with nearly $10,000 worth of

By Stephanie Yang, CNN Taipei, Taiwan (CNN) — One month into the war in Iran, a growing shortage of crude oil is threatening to morph into something worse: a shortage of nearly everything. The conflict in the Middle East has crimped oil and natural gas flows through the Strait of Hormuz, reducing global supply by

By Hadas Gold, Brian Stelter, CNN (CNN) — OpenAI’s out-of-the-blue acquisition of TBPN, the buzzy online talk show, stunned the worlds of media and technology. But it’s a continuation of a pattern that dates back a hundred years, to 1926, when RCA created NBC in part to sell radios. Time and time again, pioneers of

By Chris Isidore, Alexandra Skores, CNN (CNN) — Gas prices are grabbing the headlines, but jet fuel prices have doubled in the last two months. So far, air fares are only up modestly. But that could change in the next couple of months. “We are seeing prices for summer increasing as a result of higher

KGTV By Chris Isidore, Alexandra Skores, CNN (CNN) — Gas prices are grabbing the headlines, but jet fuel prices have doubled in the last two months. So far, air fares are only up modestly. But that could change in the next couple of months. “We are seeing prices for summer increasing as a result of

By Hadas Gold, Sean Lyngaas, CNN (CNN) — The next wave of AI-powered cybersecurity attacks will be like nothing we’ve seen before. That’s the message AI company Anthropic sent in a leaked blog post last week, in which it warned that its upcoming AI model, called Mythos, and others like it can exploit vulnerabilities at

By Alicia Wallace, CNN (CNN) — The latest jobs report showed that the US economy likely added 178,000 jobs in March, nearly triple expectations. The unemployment rate dipped to 4.3%. Forecasts had it holding steady at 4.4% or even rising to 4.5%. Health care and social assistance was once again the workhorse sector, accounting for

By John Liu, Kristie Lu Stout, CNN Hong Kong (CNN) — If you thought paying $4 for gasoline was bad, spare a thought for this international financial hub which currently has the highest gas prices in the world. As average gas prices across the United States hit a record since 2022, residents of Hong Kong

By Samantha Delouya, CNN (CNN) — Average US mortgage rates climbed again for the fifth week in a row, making homebuying more expensive than it was just a few weeks ago, before the outbreak of war with Iran. The average 30-year fixed mortgage rate rose to 6.46% this week, jumping from 6.38% the previous week,

By John Towfighi, Lucy Bayly, CNN New York (CNN) — Stocks were volatile and oil prices soared Thursday as investors monitored developments in the Middle East and digested President Donald Trump’s pledge to intensify the war with Iran. The Dow fell 61 points, or 0.13%, paring losses after dropping by more than 650 points earlier.

By Alicia Wallace, CNN (CNN) — The March jobs report, due out Friday morning, could bring a much-needed reality check after two months of wild swings in the US labor market. But even if a level or baseline is achieved, and clarity is gained as to the health of the labor market, it’s a whole

By Jordan Valinsky, CNN New York (CNN) — Kraft Heinz is reinventing some of its well-known pantry staples that have fallen out of favor with consumer tastes. In the coming months, a new version of Kraft Mac & Cheese bolstered with nutrients is rolling out to a rival, fast-growing competitor; Capri Sun is cutting sugar

By Hanna Ziady, CNN London (CNN) — Oil prices climbed and stocks slipped Thursday, after inflammatory remarks by US President Donald Trump and Iranian officials sparked fears that the conflict could still escalate significantly. Brent crude, the global oil benchmark, rose 6.6% to $107.8 a barrel. WTI, the US benchmark, had surged to $113 a

CNN By Hanna Ziady, CNN London (CNN) — Oil prices climbed and stocks slipped Thursday, after inflammatory remarks by US President Donald Trump and Iranian officials sparked fears that the conflict could still escalate significantly. Brent crude, the global oil benchmark, rose 6.6% to $107.8 a barrel. WTI, the US benchmark, had surged to $113

By Matt Egan, CNN New York (CNN) — In the summer of 2008, weeks before the investment bank Lehman Brothers imploded, oil prices skyrocketed to nearly $150 a barrel. Some oil watchers are warning of even higher prices this summer if the vital Strait of Hormuz doesn’t reopen soon. US oil prices have already spiked

By Chris Isidore, CNN (CNN) — SpaceX, the Elon Musk-owned rocket company that merged earlier this year with his artificial intelligence company xAI, confidentially filed plans for an initial public offering Wednesday in what might be the largest of all time, according to multiple reports. The filing was reported by Bloomberg, the Wall Street Journal

By Bryan Mena, CNN Washington (CNN) — Americans stepped up their spending at US retailers in February, after three consecutive months of declines, showing the US consumer hasn’t tapped out yet in the face of weak job growth and low consumer sentiment. Retail sales rose 0.6% in February from the prior month, the Commerce Department

By Vanessa Yurkevich, CNN (CNN) — Tamira Moncur didn’t fill up her tank at an Atlanta-area gas station last month because she was afraid she couldn’t afford it. The teacher, who works part-time as a Lyft driver, doesn’t know how long she can keep up the side gig if the price of gas keeps climbing.

By Lisa Eadicicco, CNN (CNN) — Apple had never built anything so complex. But it was at a crossroads. “We were like, people are only going to carry one device. They’re going to have a cell phone with music, or they’re going to have an Apple product with music and communications,” said Tony Fadell, the

By Brian Stelter, CNN (CNN) — A federal judge on Tuesday ruled that a key part of President Trump’s executive order targeting NPR and PBS was unconstitutional, blocking the administration from denying federal funds based on editorial viewpoint. The ruling will not reverse the Trump-led campaign to strip NPR and PBS stations of federal funding.

By Alicia Wallace, CNN (CNN) — US businesses are adding workers at the weakest pace in 15 years, excluding the onset of the pandemic, new data showed Tuesday, a sign that there was an even deeper chill cutting through the labor market before the Middle East conflict threatened to shake the US economy. Hires as

By Chris Isidore, CNN (CNN) — Warren Buffett said he doesn’t regret the billions he donated to the Gates Foundation despite revelations of the close ties between Bill Gates and convicted sex offender Jeffrey Epstein, but that he is no longer talking to his close friend Gates. “I wish that certain things hadn’t happened,” Buffett,

By John Towfighi, CNN New York (CNN) — US stocks rallied sharply Tuesday to close out one of the roughest months and quarters in years. The Dow rose by 1,125 points, or 2.49%. The S&P 500 gained 2.9% and the tech-heavy Nasdaq Composite rose 3.8%. All three experienced their best trading day since May. The

By Jordan Valinsky, CNN New York (CNN) — Hellmann’s owner Unilever is spinning off its food business and merging it with spice maker McCormick to create a grocery staples behemoth. The deal values the Uniliver brands at about $45 billion and McCormick at $21 billion. The merger comes at a difficult time for food companies.

By Ivana Kottasová and Chris Isidore, CNN (CNN) — The war in the Middle East has pushed the average price Americans are paying for gas to $4.02 Tuesday, topping the $4 per gallon mark for the first time since 2022, according to AAA. Gas prices have surged since the United States and Israel launched their

By John Liu, Lisa Eadicicco, CNN Hong Kong/New York (CNN) — President Donald Trump arrived in the Middle East last spring, making deals that would vault the Gulf into the global race for artificial intelligence. Accompanied by an entourage of Big Tech CEOs during the trip from OpenAI’s Sam Altman to Amazon’s Andy Jassy, Trump

Story by the Associated Press Toronto (AP) — Air Canada announced Monday that its CEO will retire later this year, after Michael Rousseau was criticized for his English-only message of condolence following this month’s deadly crash in New York. Canada’s largest airline, based in French-speaking Quebec, said that Rousseau, 68, told the board he will

By Bryan Mena, CNN Washington (CNN) — It remains difficult for Americans to find a new job, especially among people in their 20s. Even internships for college students have become harder to secure these days. Over the past year and a half, employers across most industries have slammed the brakes on hiring as workers stay

By Anna Cooban, CNN London (CNN) — The world, hungry for oil, got a modest reprieve earlier this month when Saudi Arabia began diverting millions of barrels of crude —ordinarily destined for ships transiting the blockaded Strait of Hormuz — to its Red Sea port of Yanbu. But over the weekend Iran-backed Houthi militants entered

By Jeanne Sahadi, CNN (CNN) — The Department of Labor unveiled on Monday a new proposed rule for 401(k) plan sponsors that want to offer plan participants the option of investing in private equity and other “alternative” investments like crypto and commodities. The proposed rule gives plan fiduciaries “maximum discretion and flexibility in selecting any

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve’s response to the US-Israeli war on Iran largely hinges on how the conflict affects Americans’ expectations about inflation, Chair Jerome Powell said Monday. “The tendency is to look through any kind of a supply shock,” he said during a moderated conversation hosted by Harvard University.

By Julian Torres, CNN New York (CNN) — Experts are warning that consumers will see a rise in prices for a variety of plastic consumer goods due to the war with Iran. Plastic products are partly made out of oil, which has gone up more than 40% since the start of the war in late

By Hanna Ziady, John Towfighi, CNN London/New York (CNN) — Oil prices rose Monday, with US crude oil settling above $100 per barrel for the first time since July 2022, after comments by President Donald Trump and strikes against Israel by Iran-backed Houthi rebels deepened fears that the Middle East conflict may escalate further. WTI,

By John Towfighi, CNN New York (CNN) — The war in Iran has jolted financial markets, sending oil prices surging and stocks and bonds falling. The market gyrations can be dizzying. Here’s a look at how the Middle East conflict has impacted markets this month: Oil Oil prices have surged since the war began. Oil

By Auzinea Bacon, CNN (CNN) — Oil prices climbed Sunday after Tehran warned against a US ground invasion, despite President Donald Trump saying on Friday that negotiations would continue to end the war. Brent crude, the global benchmark, rose 2.47% to $107.92, while US crude rose 2.94% to $102.57. Iran’s parliament speaker on Sunday said

By Alicia Wallace, CNN (CNN) — US job growth was lackluster last year, but signs of stabilization, if not a rebound, were starting to emerge. Now, a war thousands of miles away not only interrupts that potential progress, but also threatens to knock the labor market further off course. It’s been four weeks since the

By Nathaniel Meyersohn, CNN New York (CNN) — Jamie Hagen believed the Great Freight Recession was finally over. Last year was a tough one for his South Dakota trucking company, Hell Bent Xpress. He was thinking about shutting down, his cash drained in the lean years that followed America’s post-pandemic shopping spree. But he refinanced

By Clare Duffy, CNN New York (CNN) — Online safety advocates hope landmark trial verdicts this week can bring change to social media platforms they have warned about for years, after juries found Meta (and YouTube in one case) responsible for harms to kids and teens. “We’ve been telling our stories forever and people say,

CNN By John Towfighi, CNN New York (CNN) — US stocks slid and the Dow closed in correction Friday as uncertainty about the duration of the war with Iran and nerves about energy inflation continued to weigh on markets. The Dow fell 793 points, or 1.73%, and closed at 45,167, down 10% from its peak

By John Towfighi, CNN New York (CNN) — US stocks slid and the Dow closed in correction Friday as uncertainty about the duration of the war with Iran and nerves about energy inflation continued to weigh on markets. The Dow fell 793 points, or 1.73%, and closed at 45,167, down 10% from its peak above

By Bryan Mena, CNN Washington (CNN) — Americans are growing more pessimistic about the US economy as the war on Iran continues to roil markets, with sentiment falling across all income groups — including the wealthiest. Consumer sentiment declined 6% this month to a final reading of 53.3, the University of Michigan said Friday, a

By Lisa Eadicicco, CNN Seattle, Wash. (CNN) — Matt Garman helps make your online life – your Starbucks order, your Netflix binge, your Pinterest browsing– possible. As the CEO of Amazon’s cloud computing division, he plays a major role in deciding how to deploy the computing resources needed to drive the internet – a responsibility

By Hadas Gold, Devan Cole, CNN (CNN) — A federal judge in California has indefinitely blocked the Pentagon’s effort to “punish” Anthropic by labeling it a supply chain risk and attempting to sever government ties with the AI company, ruling that those measures ran roughshod over its constitutional rights. “Nothing in the governing statute supports

By Samantha Delouya, CNN (CNN) — The US housing market was supposed to turn a corner this year, but economic uncertainty and a jump in mortgage rates fueled by the US-Israeli war in Iran are complicating affordability for American homebuyers. After years of sluggish sales, economists expected 2026 to bring lower mortgage rates and more

By John Towfighi, CNN New York (CNN) — The war in Iran and the spike in energy prices have rattled global markets, impacting not just stocks but also safe havens like bonds, gold and currencies. That’s leaving investors with fewer places to hide. The Dow, S&P 500 and Nasdaq are each set for their worst

By Chris Isidore, CNN (CNN) — Yustine Chang and her husband only have half the concern about gas prices they did a week ago. The soaring price of gas near their Southern California home wasn’t the only reason they replaced their eight-year-old Mercedes C-class sedan with their first electric vehicle, a Rivian R1 SUV. But

By Brian Stelter, CNN (CNN) — For critics of tech companies like Meta and Google, Wednesday’s verdict in the social media addiction trial has been literally years in the making. Parents, child safety experts and some lawmakers said the finding of liability was a long-overdue moment of accountability. “For the parents whose children died as

CNN By Clare Duffy New York (CNN) — A California jury has found Meta and YouTube liable on all counts in a landmark case that accused the tech giants of intentionally addicting a young woman and injuring her mental health. Meta and YouTube were negligent in the design of their platforms, knew their design was

By Clare Duffy New York (CNN) — A California jury has found Meta and YouTube liable on all counts in a landmark case that accused the tech giants of intentionally addicting a young woman and injuring her mental health. Meta and YouTube were negligent in the design of their platforms, knew their design was dangerous,

By Brian Stelter, CNN (CNN) — As she prepares to return to the “Today” show, Savannah Guthrie has taped an interview with Hoda Kotb, her longtime friend and colleague. The sit-down will air Thursday and Friday on “Today.” It will be Guthrie’s first interview since her mother, Nancy Guthrie, went missing, the victim of an

By Tami Luhby, CNN (CNN) — For Sarah Lawhun, the soaring price of gas means she’s eating one less meal a day. A careful budgeter, Lawhun has spent nearly $70 more at the pump this month. She’s trying to offset the increase by skipping lunch at her job as an environmental scientist, saving her about

CNN, WOIO, WSTM, POOL, TRUTH SOCIAL By Tami Luhby, CNN (CNN) — For Sarah Lawhun, the soaring price of gas means she’s eating one less meal a day. A careful budgeter, Lawhun has spent nearly $70 more at the pump this month. She’s trying to offset the increase by skipping lunch at her job as

By Stephanie Yang, CNN (CNN) — A historic oil shock and surging fuel prices are strengthening the case for electric vehicles. China’s EV makers are eager to deliver. The United States and Israel’s war against Iran has disrupted critical fossil fuel supplies from the Middle East, pushing up crude oil prices to as high as

By Hadas Gold, CNN (CNN) — OpenAI is winding down Sora, the video generation app it launched to much fanfare last year that signaled a bigger push into creative tools and social media. OpenAI is shuttering the standalone app to focus on other priorities, the company said on Tuesday. “As we focus and compute demand

By Devan Cole, CNN (CNN) — A federal prosecutor in Washington, DC, told a judge this month that his office didn’t have evidence of any crimes by Federal Reserve Chair Jerome Powell in a costly renovation of the central bank’s headquarters – despite subpoenas over the matter, which the judge later quashed. At a high-stakes

By Clare Duffy, CNN New York (CNN) — A jury on Tuesday found Meta violated New Mexico law in a case accusing it of failing to warn users about the dangers of its platforms and protect children from sexual predators. The jury found Meta liable on all counts, including for willfully engaging in “unfair and

By Chris Isidore, Hanna Ziady, CNN London/New York (CNN) — An explosion and fire at a major refinery in Texas is sending gas and diesel futures sharply higher in Tuesday trading, adding to the upward pressure on both caused by the war in Iran. The explosion at the Valero facility in Port Arthur, Texas, occurred

By Brian Stelter, CNN (CNN) — Undeterred by a federal judge’s recent rebuke, the Pentagon has announced another set of restrictions on the press corps that regularly covers the US military. The changes will further reduce day-to-day press access, ultimately eroding the public’s understanding of what the military is doing. Under the new rules, announced

By Chris Isidore, CNN (CNN) — Artificial intelligence could widen the problem of income inequality, said BlackRock CEO Larry Fink in his annual letter to shareholders. And, while that might not be a particularly new point of view, his proposed solutions are not as typical. In his letter, released Monday, he said he believes that

By Brian Stelter, CNN (CNN) — “Linda from Arizona,” a caller on a conservative talk radio show, might deserve the credit or blame for the Immigration and Customs Enforcement agents deploying to airports across the United States today. The caller said on “The Clay Travis and Buck Sexton Show” last Friday, “I think I have

By John Towfighi, Chris Isidore, CNN New York (CNN) — Stocks rose and oil prices fell sharply after President Donald Trump on Monday said the United States would postpone further strikes on Iran’s energy infrastructure, pending the outcome of negotiations. The Dow closed higher by 631 points, or 1.38%. The S&P 500 gained 1.15% and

By Alicia Wallace, CNN (CNN) — The national average price for a gallon of regular unleaded gasoline has topped $4 for the first time since 2022. That price level is relative: A $4 gallon of gas would be welcome in California, Washington state or Hawaii, where the state averages run north of $5 per gallon;

By Hanna Ziady, Helen Regan, CNN London/Hong Kong (CNN) — Oil prices slid Monday after President Donald Trump suggested that ongoing talks between the United States and Iran could end the war. Iran, however, denied that talks were taking place. Brent crude, the global oil benchmark, fell more than 7% to around $104 a barrel,

KVRR, US SENATE, CNN By Gordon Ebanks, CNN (CNN) — The war in Iran is pushing up prices for already-strained farmers, with higher costs for fertilizer and energy on top of last year’s tariffs. And the increasing pressure on American agriculture could lead to even bigger price tags at the grocery store. John Yeley, an

By Gordon Ebanks, CNN (CNN) — The war in Iran is pushing up prices for already-strained farmers, with higher costs for fertilizer and energy on top of last year’s tariffs. And the increasing pressure on American agriculture could lead to even bigger price tags at the grocery store. John Yeley, an Illinois farmer who grows

By Andrew Kirell, Brian Stelter, CNN (CNN) — If you only watched Fox News over the weekend, you didn’t hear about President Donald Trump’s widely condemned reaction to Robert Mueller’s death. “Robert Mueller just died,” Trump posted to Truth Social shortly after the news of the former FBI director’s death became public on Saturday afternoon.

By Auzinea Bacon, CNN (CNN) — Oil prices rose Sunday after Iran threatened to shut down the Strait of Hormuz indefinitely in response to President Donald Trump’s ultimatum on the restoration of oil traffic through the critical waterway. Brent crude, the global benchmark, climbed 1.69% to about $114.09 a barrel at the open. US crude

By Liam Reilly, CNN (CNN) — Gerald Rodriguez, the general manager of an NPR affiliate in rural Colorado, expected federal funding for public media to shrink. He didn’t expect it to disappear almost overnight. “What we thought would happen is that they would just cut the funding a little bit,” Rodriguez told CNN. “But, no,

By Jeanne Sahadi, CNN (CNN) — The much-touted new tax breaks for tips, overtime, seniors and car loan interest have a lot of income tax filers expecting a big bump in their refunds this year – or a big cut in their tax bill. That certainly may be the result for some people. But for

By David Goldman, CNN (CNN) — Looking out his shop window, across the street, just to the right, Paloma Clothing co-owner Mike Roach sees one of Portland, Oregon’s, most expensive gas stations. His customers can see the price, too: $4.85 a gallon. “It’ll really get people’s eyeballs popping when it goes over $5,” Roach said.

By Eleni Giokos, CNN (CNN) — Oil and liquefied natural gas tankers moving through the Strait of Hormuz carry around 20% of the world’s supply. But for countries on the Persian Gulf, the waterway is more than just an energy route – it’s a lifeline for more than 100 million people. Now, as the United

By Clare Duffy, Auzinea Bacon, CNN New York (CNN) — A California jury on Friday largely sided with Twitter shareholders who accused billionaire Elon Musk of making false statements and intentionally driving down the social media company’s stock ahead of his $44 billion acquisition in 2022. But they absolved Musk of claims of engaging in