CNN – Business/Consumer

CNN, POOL, SENATE TV, SEE PREFONTS By John Towfighi, CNN New York (CNN) — Just a few weeks ago, the stock market stumbled over fears that artificial intelligence stocks might be in a bubble. Now stocks are back within reach of a record high. Thank the Federal Reserve. The market has rebounded from a dip

By Jeanne Sahadi, CNN (CNN) — Large US companies have made progress – albeit slowly – over the past decade when it comes to increasing the number of women in management and leadership roles on every rung of the corporate ladder. But reported changes in company priorities this year coupled with employees’ reported experiences suggest

By David Goldman, CNN (CNN) — President Donald Trump on Monday said Mexico was treating America’s farmers unfairly, and he threatened the country with his favorite economic weapon: Higher tariffs. Trump said in a Truth Social post that Mexico is violating its water treaty with the United States, hurting Texas farmers’ ability to nourish their

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump on Monday announced he’s removing export controls on Nvidia’s H200 chips to China, a key reversal in what’s become part of a broader trade war between the world’s two biggest economies. H200s – the second most-powerful AI chip in Nvidia’s inventory – are vital for completing

By Elizabeth Wagmeister, CNN New York (CNN) — Jimmy Kimmel has renewed his contract with Disney-owned ABC to continue hosting “Jimmy Kimmel Live!” for another year. A source familiar with the deal told CNN that Kimmel has signed a one-year extension to take his late-night show through May 2027. CNN has reached out to ABC

By Clare Duffy, CNN New York (CNN) — ICEBlock app creator Joshua Aaron is suing the Trump administration, accusing it of abusing government power and infringing on his free speech by pushing Apple to remove ICEBlock from its app store. Aaron argues that ICEBlock — which was designed to allow users to alert others nearby

By Lisa Eadicicco, CNN (CNN) — How often do you reach for your phone to get directions, answer a video call or Google something? Probably more times than you can count. Google wants to change that, and it’s not alone. The search giant is part of a growing cohort of tech companies betting big on

By Elisabeth Buchwald, CNN New York (CNN) — Paramount Skydance on Monday launched a hostile takeover bid for Warner Bros. Discovery, moving directly to appeal to shareholders with an all-cash offer that it says represents better value than the $72 billion deal Netflix and WBD announced Friday. A hostile takeover occurs when a company makes

CNN By David Goldman, CNN (CNN) — Paramount has gone straight to Warner Bros. Discovery’s shareholders with an all-cash offer in an extraordinary endeavor to gain control of Hollywood’s most sought-after prize – a bid that Netflix beat on Friday. Paramount was widely expected to be the frontrunner for Warner Bros. But WBD opted instead

By Clare Duffy, CNN New York (CNN) — President Donald Trump confirmed on Monday he plans to sign an executive order preempting artificial intelligence regulations at the state level with his more hands-off federal policy. “There must be only One Rulebook if we are going to continue to lead in AI,” Trump said in a

By David Goldman, CNN (CNN) — Paramount has gone straight to Warner Bros. Discovery’s shareholders with an all-cash offer in an extraordinary endeavor to gain control of Hollywood’s most sought-after prize – a bid that Netflix beat on Friday. Paramount was widely expected to be the frontrunner for Warner Bros. But WBD opted instead for

By Jordan Valinsky, CNN New York (CNN) — A number of changes were announced Monday in the leadership ranks of Warren Buffett’s Berkshire Hathaway as the 95-year-old gets ready to end his tenure. In a letter, Buffett said that Todd Combs – head of Geico, the insurance company owned by Berkshire Hathaway – is leaving

By Brian Stelter, CNN (CNN) — Nora Benavidez of the nonprofit advocacy group Free Press set out to catalog the Trump administration’s First Amendment infringements. She soon had a list of almost 200. That list is part of a new report, previewed by CNN and out Monday, about President Trump and his administration’s “war on

By Auzinea Bacon, CNN (CNN) — Sequels are the gift that keeps on giving for Hollywood this holiday season. Universal Pictures’ “Five Nights at Freddy’s 2” zoomed past Disney’s “Zootopia 2” to take the top spot at the weekend box office. The video game adaptation grossed an estimated $63 million domestically. “Freddy’s 2” blew past

LIONSGATE MOVIES, GKIDS, UNIVERSAL PICTURES, WALT DISNEY PICTURES, CNN By Auzinea Bacon, CNN (CNN) — Sequels are the gift that keeps on giving for Hollywood this holiday season. Universal Pictures’ “Five Nights at Freddy’s 2” zoomed past Disney’s “Zootopia 2” to take the top spot at the weekend box office. The video game adaptation grossed

By Auzinea Bacon, CNN (CNN) — Netflix announced Friday that it has agreed to acquire Warner Bros. Discovery’s film studio and HBO assets, including the streaming service, for $82.7 billion, including debt. Netflix outbid media conglomerates Paramount and Comcast in a bidding war that began after Warner Bros. Discovery announced in June that it would

By David Goldman, CNN (CNN) — Netflix’s shocking $72 billion bid to buy Warner Bros. and HBO is the rare corporate mega-merger that can shift the tectonic plates of an entire industry and permanently change the way all of its participants do business. In other words: It’s the kind of deal that could force antitrust

By Lisa Eadicicco, CNN (CNN) — Apple for decades has been known for a consistent string of design-forward, tech-defining consumer products that have shaped how people use technology. Now the company known for its steadiness is going through a shakeup at the top, as both Apple and the tech industry at large are at a

By Brian Stelter, CNN This is a David and Goliath story – with a twist. Almost exactly 15 years ago today the owner of Warner Bros. and HBO pushed back on Hollywood and Wall Street hype about a streaming upstart named Netflix. The 2010 quote from Jeff Bewkes in The New York Times is now

By Chris Isidore, CNN (CNN) — First the penny. Next, paper checks? When the US Mint stopped making pennies last month for the first time in 238 years, it drew a lot of attention. But there have been quiet moves to stop using paper checks as well. The government stopped sending out most paper checks

By Alicia Wallace, CNN (CNN) — The last piece of official inflation data to land before the Federal Reserve’s policymaking meeting next week was a shutdown-delayed report that showed the pace of price hikes remained stubborn in September and consumer spending waned after a summer splurge. The Personal Consumption Expenditures price index — the inflation

CNN By Brian Stelter, CNN (CNN) — Netflix has triumphed in the bidding war for Warner Bros. and HBO, announcing a deal that could combine two of the three biggest streamers with one of the largest traditional movie and television studios. If the deal goes through, it will fundamentally reshape Hollywood at a precarious time

By Brian Stelter, CNN (CNN) — Netflix has triumphed in the bidding war for Warner Bros. and HBO, announcing a deal that could combine two of the three biggest streamers with one of the largest traditional movie and television studios. If the deal goes through, it will fundamentally reshape Hollywood at a precarious time for

By Lisa Eadicicco, CNN (CNN) — Fancy cameras, giant screens and massive storage usually make smartphones more expensive. But next year, it’s a routine component that might be boosting prices: memory. And it’s not just phones. Any device that uses memory, from phones to tablets and smartwatches, could get pricier. Memory prices are rising for

By John Liu, CNN (CNN) — Taiwan’s government has ordered a one-year block of a popular, Chinese-owned social media app following its failure to cooperate with authorities over fraud-related concerns. Xiaohongshu, also known as RedNote, has surged in popularity among young Taiwanese in recent years, amassing 3 million users in the self-ruled democracy of 23

By Brian Stelter, CNN (CNN) — Netflix has submitted the highest bid to date for Warner Bros. Discovery’s studio and streaming assets, according to people familiar with the secretive bidding process. Netflix’s most recent offer, submitted on Thursday, valued the Warner Bros. studio, HBO Max streaming service and related parts of the company at around

By Samantha Delouya, CNN (CNN) — A major congressional watchdog has opened an investigation into Federal Housing Finance Agency Director Bill Pulte, who has helped spark probes into several of President Donald Trump’s perceived political enemies, over possible misuse of authority. On Thursday, the Government Accountability Office (GAO) said it would act on Senate Democrats’

By Brian Stelter, CNN (CNN) — The “CBS Evening News” needs a new anchor — and soon. Maurice DuBois, who has co-anchored the storied broadcast alongside John Dickerson since January, is leaving the network later this month. Dickerson already announced his departure back in October. So this means the unusual co-anchor pairing on the 6:30

By Ana Nicolaci da Costa, CNN London (CNN) — The number of billionaires worldwide – and their combined wealth – reached record highs this year, buoyed in particular by gains in tech stocks, Swiss bank UBS has found. The world had 2,919 billionaires on April 4, when UBS completed that part of its research, the

CNN By Lex Harvey, CNN (CNN) — The biggest event in New Zealand on Thursday may have been the opening of a furniture store. Eager shoppers counted down “3… 2…1” and waved Swedish flags as the doors opened to IKEA’s most distant outpost from its motherland. Thunderous applause rang out as crowds rushed inside the

By Lex Harvey, CNN (CNN) — The biggest event in New Zealand on Thursday may have been the opening of a furniture store. Eager shoppers counted down “3… 2…1” and waved Swedish flags as the doors opened to IKEA’s most distant outpost from its motherland. Thunderous applause rang out as crowds rushed inside the furniture

By John Towfighi, CNN (CNN) — The Trump administration is looking Down Under for inspiration on how to improve the United States’ retirement savings system. President Donald Trump on Tuesday said at the White House that his administration is looking into an Australian-style retirement program. “We’re looking at it very seriously,” Trump said. “It’s a

By Jeanne Sahadi, John Towfighi, CNN (CNN) — President Donald Trump on Tuesday formally introduced his ‘Trump Account” program with a twist: A multibillion-dollar donation from Michael and Susan Dell would expand the program’s eligibility to more children. The investment accounts could help tens of millions of American families save for their children. But critics

By Alicia Wallace, CNN (CNN) — Small businesses are starting to crack amid a weakening economy, rising costs and fickle consumers; and they drove job losses in the US private sector in November, payroll giant ADP reported Wednesday. ADP’s latest monthly look at private-sector employment showed that about 32,000 jobs were lost last month, marking

By Chris Isidore, CNN (CNN) — Prepare for automotive sticker shock next year – again. Average new car prices briefly topped $50,000 in September for the first time, before slipping back under that level in October. But now, automotive experts say, car prices are headed back over that level. And this time, they might stay

By Nathaniel Meyersohn, CNN New York (CNN) — Constellation Brands, the US owner of Modelo Especial and Corona, bet big on Latino customers for growth. But that strategy is unraveling under the Trump administration’s mass deportation push. Many Latino consumers, both legal and undocumented, are fearful of venturing out in public to stores, restaurants and

By Samantha Delouya, CNN (CNN) — Larry Summers has been banned for life from the American Economic Association, a professional organization for economists with more than 17,000 members, over his ties to the late sex offender Jeffrey Epstein. In a statement on Tuesday, the group said it had accepted Summers’ voluntary resignation. “Effective immediately, the

By John Towfighi, CNN (CNN) — Michael and Susan Dell on Tuesday announced that they are donating $6.25 billion to fund investment accounts for at least 25 million American children. The enormous pledge will go toward helping fund “Trump Accounts,” a new initiative that offers investment accounts for children. The “Trump Accounts” were established as

CNN By Chris Isidore, CNN (CNN) — Store workers may not be quite as helpful this holiday shopping season. That’s a potentially worrying sign for the economy. Retailers typically load up on temporary staff in the final months of the year to help contend with the holiday rush. But the National Retail Federation forecasts a

By Chris Isidore, CNN (CNN) — Store workers may not be quite as helpful this holiday shopping season. That’s a potentially worrying sign for the economy. Retailers typically load up on temporary staff in the final months of the year to help contend with the holiday rush. But the National Retail Federation forecasts a sharp

By Matt Egan, CNN New York (CNN) — The last time gasoline was this cheap, 4% inflation seemed alarming, JD Vance was still a private citizen and the United States had only just begun its messy withdrawal from Afghanistan. Gas prices dropped below an average of $3 a gallon in the United States on Tuesday

By Matt Egan, CNN New York (CNN) — Black Friday once again proved that Americans are willing to shop when they spot bargains. Mastercard reported a steady 4.1% increase in US retail sales on Black Friday and Adobe Analytics said online shopping surged by 9.1%. Salesforce expects Cyber Monday sales to also climb by 4%.

By Ana Nicolaci da Costa, Maisie Linford, CNN London (CNN) — Airbus has identified an issue affecting “a limited number” of metal panels in its A320 passenger planes, a spokesperson for the company said Monday, just days after warning of another technical problem in its aircraft. The plane manufacturer is inspecting all aircraft that are

By Auzinea Bacon, CNN (CNN) — Teddy bears and stuffed plushies have long been a mainstay in toy collections. But today they don’t talk back in a child’s imagination — some talk through built-in AI chatbots. Sometimes that’s a problem, though: A scarf-wearing teddy bear recently went off the rails during a playtest with researchers

By Auzinea Bacon, CNN (CNN) — Walt Disney Animation’s “Zootopia 2” and Universal’s Broadway musical adaptation “Wicked: For Good” delivered movie theaters a much-needed one-two punch for the holiday weekend box office. “Zootopia 2” debuted on Wednesday, kicking off a five-day Thanksgiving opening weekend. Its $156 million estimated gross is the second-best five-day Thanksgiving debut,

UNIVERSAL PICTURES, WALT DISNEY PICTURES, LIONSGATE MOVIES, 20TH CENTURY STUDIOS, PARAMOUNT PICTURES, CNN By Auzinea Bacon, CNN (CNN) — Walt Disney Animation’s “Zootopia 2” and Universal’s Broadway musical adaptation “Wicked: For Good” delivered movie theaters a much-needed one-two punch for the holiday weekend box office. “Zootopia 2” debuted on Wednesday, kicking off a five-day Thanksgiving

By Jeanne Sahadi, CNN (CNN) — Spending the holidays with your adult children and the grandkids? If so, their futures may be on your mind, especially if you sense – or they just flat-out say – they’re not flush enough to buy a home, put their own kids through school, or pay off big debts

By Nathaniel Meyersohn, Auzinea Bacon, CNN (CNN) — US retail sales on Black Friday, the busiest shopping day of the year, climbed 4.1% compared with last year, according to data released Saturday by Mastercard SpendingPulse. Online shoppers alone spent $11.8 billion, up 9.1% from 2024, according to data collection platform Adobe Analytics. But those gains

By Christian Edwards, CNN (CNN) — Hungarian Prime Minister Viktor Orbán met with Russian President Vladimir Putin in Moscow Friday to shore up Hungary’s energy supplies and discuss efforts to end the war in Ukraine. Having spurned chances to reduce its dependence on Russian fossil fuels, Hungary was facing a violent economic shock after the

By Samantha Delouya, Elisabeth Buchwald, CNN (CNN) — Greg Bettinelli discovered Pasta Rummo on his honeymoon in Florence in 2002, at a time when the brand was nearly impossible to find in the United States. He and his wife stuffed their suitcases with as much of it as they could carry. These days, the Italian

By Chris Isidore, CNN (CNN) — Sears, once America’s largest and most important retailer, could very be going into its last Christmas shopping season. The Sears chain had 2,000 stores as recently as 20 years ago and more than 200 stores when it emerged from bankruptcy in 2019. Now it has just five, after three

By John Liu, CNN (CNN) — For proof that an economy can thrive even under constant military threats from a powerful neighbor and amid US President Donald Trump’s sweeping global tariffs, look no further than Taiwan. The self-ruled democracy has logged roughly 8% economic growth for two consecutive quarters, a rare achievement for a developed

By Hadas Gold, CNN (CNN) — Chipmaker Nvidia posted yet another blockbuster earnings report this month. The stock fell anyway, as many investors worry that the market is in the middle of an about-to-burst AI bubble. But for AI’s biggest believers, the report was just another sign that the industry’s train isn’t running out of

By Gordon Ebanks, CNN (CNN) — In Polk County, Iowa, the Urbandale Food Pantry started giving out turkeys and Thanksgiving sides weeks ago. Demand was so high, with over 2,000 families visiting so far this month, that the pantry ran through its allotment of Thanksgiving staples. Fortunately, additional funding, including donations from the community, meant

By Brian Stelter, CNN (CNN) — The New York Times produced a detailed, data-driven report on President Trump showing signs of aging. The president, 79, responded by calling the female reporter who co-wrote the story “ugly.” Trump’s post to Truth Social on Wednesday came less than two weeks after he said “quiet, piggy” to another

CNN By Scottie Andrew, CNN (CNN) — If the guests at your Thanksgiving table this year are a bit moonier than usual, don’t assume they ate too much turkey. And if they seem extra enthused about digging into pie after a filling meal, well — Adding to late November’s ever-growing list of festivities and shopping

By Jordan Valinsky, CNN New York (CNN) — Whether it’s due to the stress or financial burden of planning a multi-course meal, an increasing number of people are choosing to eat out for Thanksgiving this year. Restaurant reservations for Thursday’s holiday are 13% higher year-over-year, according to exclusive data shared with CNN from OpenTable, a

By Scottie Andrew, CNN (CNN) — If the guests at your Thanksgiving table this year are a bit moonier than usual, don’t assume they ate too much turkey. And if they seem extra enthused about digging into pie after a filling meal, well — Adding to late November’s ever-growing list of festivities and shopping promotions,

By Clare Duffy, CNN New York (CNN) — Meta, YouTube, TikTok and Snapchat know exactly how addictive their platforms can be to teens. And they continue to target teen users anyway. Those are allegations a group of school districts is making in a lawsuit against the social media giants, according to a newly unsealed legal

By David Goldman, Matt Egan, CNN (CNN) — Americans, enraged about years of rising prices, are going into the 2025 holiday shopping season prepared for battle. But this holiday shopping season could look a lot stronger than you’d expect – on paper, anyway. How’s that possible? High-income consumers keep spending like they’ve never heard of

By Matt Egan, CNN New York (CNN) — President Donald Trump and his economic team often respond to concerns about the affordability crisis by touting how much cheaper gasoline is than under his predecessor. For the vast majority of 2025, this was a legitimate bragging point for the White House. Until now. For the first

CNN By Hadas Gold, CNN (CNN) — A new X feature over the weekend revealed that several pro-Trump accounts with large followings are not US-based, despite content and some bios suggesting otherwise. On X account profiles, clicking on an account’s date of creation reveals the country or region where the account is based. Users can

By Hadas Gold, CNN (CNN) — A new X feature over the weekend revealed that several pro-Trump accounts with large followings are not US-based, despite content and some bios suggesting otherwise. On X account profiles, clicking on an account’s date of creation reveals the country or region where the account is based. Users can toggle

By Lisa Eadicicco, CNN (CNN) — The White House on Monday launched a new program to allow the Department of Energy’s national laboratories to collaborate with tech companies and academics on using AI to further scientific research. Under the new Genesis Mission, created by executive order, the Department of Energy will develop a new AI

By Alicia Wallace, CNN (CNN) — The holiday season is kicking into full gear at a time when affordability and the rising cost of living have escalated to crisis mode for many households. Still, some shoppers say they intend to spend more on holiday gifts than they did last year, while others plan to pull

By Jeanne Sahadi, CNN (CNN) — This holiday season may be filled with the usual delights and stresses of buying gifts, hosting and seeing extended family. But for some married couples, it also is a time of stress because they’re contemplating whether to divorce in the new year. One study from the University of Washington

By Sean Lyngaas, Evan Perez, CNN (CNN) — Hackers stole a trove of data from a company used by major Wall Street banks for real-estate loans and mortgages, setting off a scramble to determine what was taken and which banks were affected, according to people familiar with the investigation and a statement from the firm.

By Auzinea Bacon, CNN (CNN) — There was no place like the movie theater for fans of “Wicked” this weekend. Universal’s “Wicked: For Good” soared to No. 1 at the weekend box office, earning $150 million domestically and $226 million worldwide — far outpacing its predecessor, “Wicked,” which opened to $114 million domestically during last

SEARCHLIGHT PICTURES, PARAMOUNT PICTURES, 20TH CENTURY STUDIOS, LIONSGATE MOVIES, UNIVERSAL PICTURES, CNN By Auzinea Bacon, CNN (CNN) — There was no place like the movie theater for fans of “Wicked” this weekend. Universal’s “Wicked: For Good” soared to No. 1 at the weekend box office, earning $150 million domestically and $226 million worldwide — far

By Chris Isidore, CNN (CNN) — America hasn’t had enough air traffic controllers for more than a decade – and the recent government shutdown might have made it even worse. The stress of not being paid for those 44 days, on top of already harsh working conditions, spurred many to leave the workforce, according to

CNN By Clare Duffy, CNN New York (CNN) — Concerns about an AI bubble have been simmering for at least a year and a half. Nvidia’s incredibly strong earnings this past week tried to put those fears to bed. It may not have been enough. Nvidia on Wednesday posted sales and profits up more than

By Clare Duffy, CNN New York (CNN) — Concerns about an AI bubble have been simmering for at least a year and a half. Nvidia’s incredibly strong earnings this past week tried to put those fears to bed. It may not have been enough. Nvidia on Wednesday posted sales and profits up more than 60%

By Chris Isidore, CNN (CNN) — Even if you’re flying commercial for the holidays, private jets might be making your trip more expensive. That’s because, some critics say, business jets and others aren’t paying their fair share for the nation’s air traffic control system. The overwhelming majority of the Aviation Trust Fund — the main

By Clare Duffy, CNN New York (CNN) — President Donald Trump has drafted an executive order that would block states from enforcing regulations around artificial intelligence, renewing an AI deregulation push that’s raising concerns among tech safety advocates and state lawmakers on both sides of the aisle. The draft order directs the US attorney general

By Nathaniel Meyersohn, CNN New York (CNN) — Walmart is proving to be America’s antidote to the cost of living crisis. A growing number of Americans are heading to Walmart for groceries and clothing as inflation and high prices squeeze their budgets: Walmart’s business in the United States is surging and it’s gaining market share

By Alicia Wallace, CNN (CNN) — A long-awaited jobs report offered a mixed picture of the US labor market. The economy added 119,000 jobs in September, an unexpected rebound for the labor market — but it comes as the overall economy shows signs of slowing. Economists were expecting 50,000 jobs to have been added and

CNN, POOL By Alicia Wallace, CNN (CNN) — A long-awaited jobs report offered a mixed picture of the US labor market. The economy added 119,000 jobs in September, an unexpected rebound for the labor market — but it comes as the overall economy shows signs of slowing. Economists were expecting 50,000 jobs to have been

CNN By Clare Duffy, CNN New York (CNN) — Nvidia posted strong revenue and profits that exceeded Wall Street’s expectations Wednesday. The closely watched result could prompt a sigh of relief across the stock market following growing concerns about an artificial intelligence bubble. Nvidia’s sales grew 62% year-over-year to $57 billion in the October quarter,

CNN By Clare Duffy, CNN New York (CNN) — Nvidia posted strong revenue and profits that exceeded Wall Street’s expectations Wednesday. The closely watched result could prompt a sigh of relief across the stock market following growing concerns about an artificial intelligence bubble. Nvidia’s sales grew 62% year-over-year to $57 billion in the October quarter,

By Hadas Gold, CNN (CNN) — Saudi Arabia is strengthening its ties with American AI companies — announcing a flurry of new joint ventures worth billions of dollars. The country seeks to make its mark in the AI industry as its de facto leader, Crown Prince Mohamed bin Salman, makes his first visit to the

By Clare Duffy, CNN New York (CNN) — Nvidia posted strong revenue and profits that exceeded Wall Street’s expectations Wednesday. The closely watched result could prompt a sigh of relief across the stock market following growing concerns about an artificial intelligence bubble. Nvidia’s sales grew 62% year-over-year to $57 billion in the October quarter, ahead

By Ana Nicolaci da Costa, CNN London (CNN) — A high-stakes standoff between China and the Netherlands over control of a crucial chipmaker reached a detente Wednesday after Amsterdam suspended a controversial order that enabled it to take control of Chinese-owned Nexperia. The standoff had threatened to shutter auto plants around the world as Nexperia

By Lauren Said-Moorhouse, CNN (CNN) — The BBC has apologized to Catherine, Princess of Wales for referring to her as “Kate Middleton” during the British broadcaster’s recent coverage of Armistice Day. News presenter and correspondent Rajini Vaidyanathan repeatedly referred to the popular 43-year-old royal by her maiden name last week, sparking complaints from viewers watching

By Alicia Wallace, CNN (CNN) — One of the most hotly anticipated economic reports is finally set to be released Thursday: the long-delayed jobs report for September, originally due on October 3. It lands as the floodgates open for a slew of backlogged economic data that was held up due to the historic government shutdown.

By Jack Guy and Joyce Jiang, CNN (CNN) — Sales of an artificial intelligence-enabled plush toy have been suspended after it was found that it engaged in conversation around sexually explicit topics and offered potentially dangerous advice. Larry Wang, CEO of Singapore-based FoloToy, told CNN that the company had withdrawn its “Kumma” bear, as well

By Hadas Gold, CNN (CNN) — Larry Summers is resigning from the OpenAI board and leaving his instructor role at Harvard University after more emails between him and convicted sex offender Jeffrey Epstein were released last week by a House committee. “In line with my announcement to step away from my public commitments, I have

By John Towfighi, CNN New York (CNN) — Growing concerns about an artificial intelligence bubble have, in large part, caused the stock market’s recent bout of volatility. So the AI industry will face an enormous test when Nvidia, the world’s most valuable company and backbone of the AI boom, reports earnings after the bell on

By Nathaniel Meyersohn, CNN New York (CNN) — Target’s problems are intensifying. In the latest signal of trouble, the company reported sales dropped during its latest quarter, and Target cut its full-year profit guidance Wednesday. The company’s sales have stagnated for about four years, and Target said last month that it would cut 1,000 corporate

By Lisa Eadicicco, CNN (CNN) — Having problems with your favorite websites lately? It’s not just you. Web infrastructure provider Cloudflare experienced a disruption on Tuesday that temporarily impacted a swath of online services – from Spotify to ChatGPT and even President Donald Trump’s Truth Social platform – marking the latest in a string of

CNN By John Towfighi, CNN New York (CNN) — Bitcoin and stocks are in a bout of volatility — and investors say more turbulence could be in store. US stocks closed lower Tuesday, extending a recent tumble. The Dow fell 499 points, or 1.07%. The S&P 500 fell 0.83%. The tech-heavy Nasdaq Composite slid 1.21%.

By Brian Stelter, CNN (CNN) — A federal appeals court has rejected President Donald Trump’s attempt to revive a defamation lawsuit against CNN, calling his arguments “meritless.” The 2022 suit objected to CNN’s use of the phrase “the big lie” in reference to the president’s lies about the 2020 election being “stolen.” On Tuesday, a

By Clare Duffy, CNN New York (CNN) — Meta scored a major win on Tuesday after a federal judge ruled that it is not a social networking monopoly, shooting down an argument from the US Federal Trade Commission that it should be forced to spin off two of its most popular platforms. The Federal Trade

By Brian Stelter, CNN (CNN) — “The Daily” has been dethroned. “The Joe Rogan Experience,” which was #3 on Apple’s list of most popular podcast shows last year, moved up to first place this year. “The Daily,” from The New York Times, was #2 this year, followed by “The Mel Robbins Podcast,” which wasn’t in

By Clare Duffy, CNN New York (CNN) — If Roblox users want to chat on the online gaming platform, they’ll soon have to verify their age by providing a government ID or by letting an artificial intelligence age estimation tool photograph their face. The move comes as the platform faces a string of lawsuits and

By Nathaniel Meyersohn, CNN New York (CNN) — The housing market is frozen, and consumers are nervous about the economy. That’s a bad recipe for Home Depot. The bellwether for US consumers and the housing market said Tuesday that its sales at US stores open for at least one year rose only 0.2% last quarter.

By Lisa Eadicicco, CNN (CNN) — The longest government shutdown in US history shook travel plans across America earlier this month as a shortage of air traffic controllers resulted in thousands of delayed or canceled flights. But even the end of the shutdown doesn’t fix the the broader air traffic controller shortage that’s been plaguing

By Matt Egan, CNN New York (CNN) — Surging import costs. Mounting payroll and healthcare expenses. A shortage of affordable loans. And a stressed-out workforce. Small businesses are facing mounting pressure from America’s affordability crisis. Doug Scheffel, owner of a family-run ETM Manufacturing in Massachusetts, laid off about a quarter of his employees in April

By John Towfighi, CNN New York (CNN) — Bitcoin and stocks are in a bout of volatility — and investors say more turbulence could be in store. US stocks closed lower Tuesday, extending a recent tumble. The Dow fell 499 points, or 1.07%. The S&P 500 fell 0.83%. The tech-heavy Nasdaq Composite slid 1.21%. The