CNN – Business/Consumer

By John Towfighi, CNN New York (CNN) — Wall Street kicked off the week on a sour note, with stocks and bitcoin tumbling as a risk-off attitude spread through markets. The Dow closed lower by 557 points, or 1.18%. The broader S&P 500 fell 0.92%. The Nasdaq Composite fell 0.84%. Wall Street’s fear gauge, the

By Issy Ronald, CNN (CNN) — Subscription TV company Sky Sports has scrapped its new TikTok account targeting female sports fans after just three days, after the style and tone of its videos faced backlash. Social media users labeled the account “condescending,” “patronizing” and “sexist,” accusing it of perpetuating the problems it purported to address.

By Jordan Valinsky, CNN New York (CNN) — Two of America’s most embattled retail chains are working together to drum up some excitement from customers this holiday season. They sure could use it. Beginning Monday, a Frozen Peppermint Hot Chocolate drink will be available exclusively at Starbucks cafés inside Target stores. The vast majority of

By David Goldman, CNN (CNN) — President Donald Trump keeps downplaying America’s affordability crisis, and he continues to falsely claim that inflation and overall prices have fallen during his second term. “Our prices are coming down very substantially on groceries and things,” Trump told reporters in Florida Sunday evening. “They’re already at a much lower

By John Towfighi, CNN (CNN) — The Trump administration is investing in publicly traded companies — and it’s sending stocks soaring higher. Under President Donald Trump, the US government has taken equity stakes in companies including Intel (INTC), MP Materials (MP), Lithium Americas (LAC) and Trilogy Metals (TMQ). Investing in public companies is an unusual

By Auzinea Bacon, CNN (CNN) — Lionsgate Films’ “Now You See Me: Now You Don’t” stole the show at the domestic box office this weekend. The third installment of the “Now You See Me” franchise earned $21.3 million. The first “Now You See Me” opened in 2013 to more than $29 million, according to Box

UNIVERSAL PICTURES, PARAMOUNT PICTURES, 20TH CENTURY STUDIOS, LIONSGATE MOVIES, CNN By Auzinea Bacon, CNN (CNN) — Lionsgate Films’ “Now You See Me: Now You Don’t” stole the show at the domestic box office this weekend. The third installment of the “Now You See Me” franchise earned $21.3 million. The first “Now You See Me” opened

By Auzinea Bacon, CNN (CNN) — Treasury Secretary Scott Bessent said Sunday that President Donald Trump’s proposal to issue $2,000 tariff rebate checks to most Americans would require Congress’ approval. “We will see. We need legislation for that,” Bessent said on Fox News’ “Sunday Morning Futures” when asked about rebate checks, adding that “Those could

CNN By Alexandra Banner, CNN The US government recently stopped minting pennies due to rising production costs. Economists say the nickel could be next as officials reconsider whether low-value coins are worth keeping in circulation. Here’s what else you need to know to get up to speed and on with your day. 1️⃣ Epstein files

By Hadas Gold, CNN San Francisco (CNN) — Just blocks from the Presidio of San Francisco, the national park at the base of the Golden Gate Bridge, stands a gleaming white building, its façade adorned with eight striking gothic columns. But what was once the home of a Christian Scientist church, is now the holy

By Clare Duffy, CNN New York (CNN) — An unassuming circular pendant slightly larger than a quarter has been at the center of a massive uproar. The chief executive behind it isn’t fazed. Avi Schiffmann, 23, created the Friend pendant to be an artificial intelligence companion for users. He was inspired after realizing that, while

By Chris Isidore, CNN (CNN) — The American penny is history. The nickel might be next. The last pennies were pressed at the US Mint in Philadelphia on Wednesday, a victim of production costs higher than their worth coupled with limited usefulness. While the penny remains legal tender, banks and merchants are already reporting shortages.

By Gordon Ebanks, CNN (CNN) — Dr. Adriana Kugler, a former member of the Federal Reserve Board of Governors who abruptly announced her resignation in August, broke the central bank’s trading rules, according to a report released Saturday by the US Office of Government Ethics. That disclosure shows violations of purchasing stocks and making those

By Jordan Valinsky, CNN New York (CNN) — Choosing the right wine to pair with your Thanksgiving meal can be as stressful as cooking the turkey. And this year, it’s going to be worse. Shoppers can expect higher prices and possibly slimmer selections at their local wine shops, as importers are facing steep tariffs and

By Hanna Park, CNN (CNN) — A Georgia player has won an estimated $980 million Mega Millions jackpot on Friday, the eighth-largest prize in the game’s history, according to the lottery. The winning ticket matched all six winning numbers: 1, 8, 11, 12, 57, and Mega Ball 7. The win ends a 40-drawing streak without

By Liam Reilly, CNN (CNN) — Disney and YouTube TV struck a multi-year deal late Friday to get the entertainment giant’s content back onto the streaming site, ending the two-week blackout that spanned a historic election night. The new carriage deal means Disney sports, entertainment and news programming, such as ESPN and ABC, will return

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump on Friday signed an executive order that retroactively lowers tariffs on beef, tomatoes, coffee and bananas, among other agricultural imports, backdated to Thursday. The order Trump signed excludes the goods from “reciprocal” tariff rates, which start at 10% and go as high as 50%. However, the

By Liam Reilly, CNN (CNN) — RedBird Capital withdrew its £500 million bid for the Telegraph Media Group on Friday, leaving the fate of the major British publisher unclear. “RedBird has today withdrawn its bid for the Telegraph Media Group,” a representative for private equity firm RedBird Capital Partners told CNN. “We remain fully confident

By Alicia Wallace, CNN (CNN) — The US government has reopened following its longest-ever shutdown, setting the stage for the eventual release of the gold-standard federal data that is crucial in analyzing the health and trajectory of the nation’s economy. Data nerds (and government officials, and Federal Reserve policymakers, and business owners, and, well, everyone

CNN By Jordan Valinsky, CNN New York (CNN) — Doug McMillon, Walmart’s CEO for just over a decade, is retiring next year, the retailer announced Friday. McMillon will be succeeded by John Furner on February 1, 2026. Furner is currently the CEO and president of Walmart’s US operations, the company’s largest business unit. Both executives

By Elisabeth Buchwald, CNN (CNN) — The Trump administration plans to lower the United States’ tariffs on goods from Switzerland, according to an announcement Friday from the White House and the Swiss government following a meeting with US Trade Representative Jamieson Greer. The tariff rate the US charges on Swiss imports will fall to 15%

By John Towfighi, CNN New York (CNN) — For months, it felt like nothing could knock stocks off their steady ascent — but November has been a rough month on Wall Street. The tech-heavy Nasdaq Composite is down almost 3.5% this month and on track for its first losing month since March. The Nasdaq has

By Clare Duffy, CNN New York (CNN) — When Jamie Iannone took over as eBay’s chief executive in early 2020, the company had undergone a leadership shakeup and was in the process of shedding businesses under pressure from activist investors. One of the internet’s original shopping sites, it had just lost its position as the

By Jeanne Sahadi, CNN (CNN) — When it comes to voluntarily paying taxes on time to the IRS, crypto investors may not have a great record. At least, not according to an IRS review from 2023, which showed “the potential for” a mere 25% compliance rate. Translation: Only about a quarter of crypto investors are

CNN By Alexandra Banner, CNN Wall Street is hoping to recover today from its worst showing in a month. On Thursday, the Dow fell nearly 800 points while the Nasdaq dropped more than 500 points, raising concerns about market volatility. Here’s what else you need to know to get up to speed and on with

By Catherine Nicholls, Christian Edwards, Billy Stockwell, CNN London (CNN) — The BBC apologized to US President Donald Trump on Thursday over a documentary that Trump’s lawyers described as false and defamatory, seeking to defuse a row that has plunged the public broadcaster into its worst crisis in years. A BBC spokesperson said that lawyers

By Clare Duffy, CNN New York (CNN) — Artificial intelligence is playing a greater role in everything from homework to jobs and even romantic companionship — all without much oversight to guarantee the tech is being developed and used safely. Now, a pair of state attorneys general are teaming up with two of the biggest

By John Towfighi, CNN New York (CNN) — US stocks closed sharply lower Thursday as investors sold shares in technology companies and volatility picked up on Wall Street. The Dow fell 798 points, or 1.65%. The broader S&P 500 fell 1.66% and the tech-heavy Nasdaq Composite slid 2.29%. Investors also assessed how long it might

By Jeanne Sahadi, CNN (CNN) — If you plan to max out your contributions to your 401(k) or IRA next year, you will get to save a little more than you could this year. The IRS on Thursday announced cost-of-living adjustments to federal contribution limits for 2026 for key retirement savings vehicles. 401(k) participants will

By Lisa Eadicicco, CNN (CNN) — You can already buy almost anything with the click of a mouse. Now tech giants are preparing for an AI helper to do even that for you one day. Google, Amazon and OpenAI are racing to add new AI-powered shopping tools to their services, all aiming to play a

By Jack Guy, CNN London (CNN) — Apple has built its reputation on cutting-edge devices and sleek design, but the company’s latest product is decidedly more low-tech. The iPhone Pocket is a knitted strap developed in conjunction with fashion designer Issey Miyake, “born from the idea of creating an additional pocket,” Apple (AAPL) announced in

By Chris Isidore, CNN (CNN) — Relatively few people fly Spirit Airlines – but the company could still affect how much you pay for your holiday travel, even if recent government-mandated flight cancellations end. For years, Spirit has had an outsized effect on fares across the industry. The discount carrier’s rock-bottom fares forced much larger

By Samantha Delouya, CNN (CNN) — The Trump administration has another idea to make housing more affordable: Let homeowners take their mortgage rate with them when they move. On Wednesday, Federal Housing Finance Agency Director Bill Pulte said the administration is “actively evaluating” so-called portable mortgages. The proposal aims to address the housing market’s lack

By Matt Egan, CNN New York (CNN) — Austin H. can’t wait to buy a house and start a family. But right now, the 34-year-old is barely getting by. Austin is living paycheck to paycheck and saving almost no money, one of the millions of Americans struggling to make ends meet in an increasingly unaffordable

By Chris Isidore, Vanessa Yurkevich, CNN (CNN) — The American penny passed away today after a prolonged illness. It was 238 years old. The last penny was minted Wednesday afternoon at the US Mint in Philadelphia, overseen by US Treasurer Brandon Beach. President Donald Trump announced via social media in February that he instructed the

By Brian Stelter, CNN (CNN) — The BBC board held an unexpected meeting on Wednesday as the British broadcaster stares down a legal threat from President Trump, a source told CNN. The person, who had direct knowledge of the meeting, said the board is not planning to issue any immediate statement afterward. A BBC spokesperson

By Lisa Eadicicco, CNN (CNN) — Creating revolutionary pharmaceutical drugs, testing new materials for cars and simulating how market scenarios can affect banks — these are just some of the tasks that could take months or years to develop, even with the most advanced computers. But what if that timeframe could be cut down to

By John Towfighi, CNN New York (CNN) — The Dow surged higher on Tuesday, bolstered by optimism that the US government shutdown might come to an end this week. The Dow gained 559 points, or 1.18%, and closed at a record high of 47,927.96. The broader S&P 500 gained 0.21%. Meanwhile, the tech-heavy Nasdaq Composite

By Lily Hautau, CNN (CNN) — The Mega Millions jackpot is approaching $1 billion dollars after there were no big winners in Tuesday’s drawing. The estimated prize for Friday’s drawing is $965 million – the eighth largest since the game began in 2002, Mega Millions said. The estimated cash payout is $445.3 million. The winning

By Jordan Valinsky, CNN New York (CNN) — Patrick M. D’Aoust probably didn’t expect his anniversary trip to end early, but he definitely didn’t think he’d have just 15 minutes to vacate his room. The early ejection wasn’t because of a fire or a fight, but a bankruptcy. Sonder, a short-term rentals company abruptly collapsed

By Jordan Valinsky, CNN New York (CNN) — Purveyors of the so-called “slop bowl” just had another messy quarter. What was once the lowly desk salad has since expanded to a mish-mosh of options in a bowl, ranging from proteins like carne asada and lamb meatballs to toppings like tzatziki or red chimichurri, and has

By Samantha Delouya, CNN (CNN) — Most first-time homebuyers in the United States take out 30-year mortgages. Under a new proposal from the Trump administration, they may soon have an even longer loan option. This week, President Donald Trump introduced a new idea to tackle home affordability: a 50-year mortgage loan. Federal Housing Finance Agency

By Gordon Ebanks, CNN (CNN) — Veterans Day, which commemorates all those who serve in the US military, has been a federal holiday since 1954 and has been observed in some form for over a century — it originally commemorated the end of World War I. Because the day is a federal holiday, many government

By Tim Lister, Mohammed Tawfeeq, CNN (CNN) — The Iraqi government says it can no longer work with Russian oil company Lukoil – which has a huge stake in the country’s oil fields – because of recently imposed US sanctions against the company. Lukoil has told Iraq’s state oil company SOMO that it is declaring

By Jordan Valinsky, CNN New York (CNN) — Warren Buffett, in his annual message as CEO of Berkshire Hathaway to shareholders – a tradition dating back to 1965 – said that he will be “going quiet” after he steps down at the end of this year. But the 95-year-old is not going away just yet.

By David Goldman, Elisabeth Buchwald, CNN (CNN) — President Donald Trump, embattled by America’s growing affordability problems, has once again floated a unique solution: Sending Americans rebate checks for the tariffs that his administration has collected. “People that are against Tariffs are FOOLS!” Trump posted on Truth Social Sunday. “A dividend of at least $2000

By Brian Stelter, CNN (CNN) — The BBC is embroiled in a massive political fight over its future, with conservatives capitalizing on an editing screw-up and denouncing the British broadcaster while liberals argue that the institution is flawed but worth defending. On Monday, Trump intensified the pressure by sending a threatening legal letter to the

By Gordon Ebanks, CNN (CNN) — Visa and Mastercard have a potential deal with retailers that would lower fees for merchants, potentially lowering prices but threatening prized consumer rewards. The deal, which is still subject to court approval, could mean big changes for businesses and consumers. In 2024, over a third of all purchases were

By Jeanne Sahadi, CNN (CNN) — Americans have strong views on paying extra fees and tipping for services, especially at the holidays. But what about when making online donations? The holiday season is usually a big one for charitable contributions. Take Giving Tuesday – which falls on the first Tuesday after Thanksgiving in the United

By Chris Isidore, CNN (CNN) — The federal government is ordering flight cuts at 40 major airports because of the shutdown – but it’s flyers in places like Pensacola, Florida; Moline, Illinois; Waco, Texas; and Shreveport, Louisiana who will have it the hardest. That’s because small feeder flights are largely the ones getting canceled, not

By John Towfighi, CNN New York (CNN) — Tech stocks took a bruising this week as nerves persist about expensive valuations and a potential artificial intelligence bubble. The Nasdaq Composite closed lower by 0.21% on Friday. The tech-heavy index fell 3.04% across the week and suffered its worst week since early April, when President Donald

By Elisabeth Buchwald, CNN (CNN) — The record-breaking government shutdown has left Americans feeling worse about the economic outlook. That’s according to the latest University of Michigan consumer sentiment survey, which showed the index falling to 50.3 this month from 53.6 in October. It’s the lowest level since June 2022, which marked the lowest reading

By Samantha Delouya, CNN (CNN) — When Stacy Morgan and her husband, Brandon Dodick, bought their beach house in Buxton, North Carolina, in May, they imagined one day spending their retirement there. Five months later, the house was gone. Theirs was one of 27 beachfront homes in Buxton and Rodanthe, two villages on Hatteras Island,

By Clare Duffy, CNN New York (CNN) — OpenAI, the world’s leader in AI and ChatGPT parent company, went into panic mode on Thursday over what it said was a very public misstatement. Two top executives furiously backtracked from an earlier comment that suggested OpenAI might need government support to cover the $1.4 trillion in

By Allison Morrow, CNN (CNN) — As expected, Tesla shareholders did a truly unprecedented thing, approving a pay package for Elon Musk that could, over the next decade, turn the CEO into the world’s first trillionaire. First, some important caveats: Tesla and Musk need to hit certain milestones, including raising its already lofty market capitalization

CNN By Chris Isidore, CNN (CNN) — Tesla shareholders approved a pay package on Thursday that could make CEO Elon Musk, already the world’s richest person, the world’s first trillionaire. Tesla announced that more than 75% of shares voted in favor of the pay package during the company’s annual shareholder meeting. The vote didn’t include

By Chris Isidore, CNN (CNN) — Tesla shareholders approved a pay package on Thursday that could make CEO Elon Musk, already the world’s richest person, the world’s first trillionaire. Tesla announced that more than 75% of shares voted in favor of the pay package during the company’s annual shareholder meeting. The vote didn’t include the

By Chris Isidore, CNN (CNN) — Airline passengers were already looking at higher fares and packed planes this holiday season. But the holiday headaches might get much worse as the government shutdown causes flight reductions at major airports. The Trump administration is reducing traffic at 40 airports across the United States starting Friday as long

By John Towfighi, CNN New York (CNN) — US stocks closed lower Thursday as concerns mounted about expensive tech stocks, and a risk-off sentiment spread through markets after new data showed a bleak outlook for the job market. The Dow closed lower by 399 points, or 0.84%, after briefly falling as much 524 points earlier.

By Lianne Kolirin, CNN (CNN) — “Vibe coding,” a form of software development that involves turning natural language into computer code by using artificial intelligence (AI), has been named Collins Dictionary’s Word of the Year for 2025. Overall, terms that describe humans’ relationship with technology feature prominently on this year’s list. Although obviously two words,

By Jordan Valinsky, CNN New York (CNN) — Outback Steakhouse’s parent company abruptly closed 21 restaurants in October as it begins a “comprehensive turnaround strategy” to keep up with its trendier competitors. Bloomin’ Brands, Outback’s parent company, disclosed in its earnings report Thursday that in addition to those closures, an additional 22 locations across its

By Bryan Mena, CNN Washington (CNN) — Company announcements of layoffs in the United States surged in October as AI continued to disrupt the labor market. Announced job cuts last month climbed by more than 153,000, according to a report by Challenger, Gray & Christmas released Thursday, up 175% from the same month a year

By Elisabeth Buchwald, CNN (CNN) — The chances of businesses getting tariff refunds grew significantly on Wednesday after the Trump administration’s case to keep most of his levies in place was met with deep skepticism from multiple conservative and liberal justices. The big question now: How would potential tariff refunds work? The federal government has

By Ramishah Maruf, Gordon Ebanks, John Towfighi, CNN New York (CNN) — New York’s wealthiest had warned of a business exodus if Zohran Mamdani won Tuesday’s mayoral race. But for small business owners like Kadjahtou Balde, Mamdani’s victory is a reason to stay in one of the country’s most expensive cities. “As somebody who is

By John Liu, CNN Hong Kong (CNN) — Qatar Airways will sell its stake in Cathay Pacific Airways for $896 million, ending its eight-year shareholding in Hong Kong’s flagship carrier. The Doha-based airline approached Cathay about selling its entire 9.6% holding, which Cathay will buy back at $1.4 per share – subject to the approval

By Matt Egan, CNN New York (CNN) — JPMorgan Chase CEO Jamie Dimon has some advice for New York City Mayor-elect Zohran Mamdani: Talk to the man who helped bring Detroit back from the dead. Dimon, who has been critical of Mamdani, suggested the incoming New York City mayor could learn a lot from outgoing

By Chris Isidore, CNN (CNN) — Tesla shareholders could soon give CEO Elon Musk, already the wealthiest person on the planet, the chance to become the world’s first trillionaire – or risk him walking away entirely. Musk’s new pay package is the key measure that will be up for a vote at Tesla’s annual meeting

By Chris Isidore, CNN (CNN) — The UPS freighter that crashed in Louisville was a 34-year old jet. While that’s old for a passenger plane, that’s not so unusual in the world of air cargo. There are no initial indications that the age of the McDonnell Douglas MD-11 was in any way a factor in

By Alicia Wallace, Lucy Bayly, CNN (CNN) — Private-sector job creation bounced back in October, according to a snapshot of the labor market that has become more closely watched in the absence of official federal jobs data. Payroll processing company ADP on Wednesday estimated that private-sector businesses added an estimated 42,000 jobs last month, a

By Nathaniel Meyersohn, Matt Egan, CNN New York (CNN) — Hudson’s Detroit, the Motor City’s first new skyscraper in nearly half a century, is a symbol of Detroit’s transformation from bankruptcy to boomtown. The $1.4 billion project includes a recently opened office building as well as retail on the site of the former J.L. Hudson’s

By John Towfighi, CNN (CNN) — Michael Burry, the famed investor behind “The Big Short,” is betting artificial intelligence is more of a bubble than a revolution. Burry’s fund, Scion Asset Management, disclosed on Monday that it bought puts — bets that share prices will fall — on two stars of the AI wave: Nvidia

By Matt Egan, CNN New York (CNN) — The ongoing government shutdown isn’t just the longest in American history. It’s likely the most damaging, too. Historically, the economic damage from shutdowns is fleeting, quickly reversing when the government reopens. However, the 36-day lapse in funding that began on October 1 is already dealing a significant

CNN, SENATE TV By Kevin Liptak, CNN (CNN) — The last time the federal government ran out of money, President Donald Trump wanted the world to know he was making sacrifices. “I am all alone (poor me) in the White House,” he tweeted on Christmas Eve 2018, left behind in dreary, shutdown Washington, DC, as

By John Liu, Simone McCarthy, and Joyce Jiang, CNN Beijing/Hong Kong (CNN) — Nearly three decades ago, Starbucks opened its first outlet in China with much fanfare, involving a troupe performing a traditional “golden lion” dance and eager customers trying cappuccinos made with steaming espresso machines. The entry of the American brand helped spur the

By Joseph Ataman, CNN Paris (CNN) — France has said it will suspend Shein’s access to the French market following a headline-grabbing scandal over sales of “childlike” sex dolls. The government started proceedings Wednesday to ban Shein’s French website “for the time necessary for the platform to show to the authorities that all of its

Reuters (CNN) — Stellantis said Tuesday it is recalling 375,000 plug-in hybrid Jeep Wrangler and Grand Cherokee SUVs worldwide over battery failure after 19 reports of fires, and urged owners to park outdoors until a fix is completed. The recall covers some 2020 through 2025 Jeep Wrangler 4xe and 2022-2026 Jeep Grand Cherokee 4xe SUVs.

By Chris Isidore, CNN (CNN) — It may be easy to look at the Los Angeles Dodgers’ record-setting payroll and back-to-back World Series titles and think that baseball desperately needs a salary cap. After all, the Dodgers’ total payroll of $350 million is roughly double the league’s average and $84 million more than the previous

By Jordan Valinsky, CNN New York (CNN) — Denny’s, the struggling, 72-year-old diner chain, is selling itself to a group of investors who are taking the business private. The company announced Monday that it’s sold itself to TriArtisan Capital Advisors, a private equity firm that also owns P.F. Chang’s, and Yadav Enterprises, a major Denny’s

By John Towfighi, CNN New York (CNN) — One year after President Donald Trump’s reelection, the US stock market continues to notch record highs. The S&P 500 has gained 19.6% over the past 12 months, boosted by strong corporate earnings and investors’ enthusiasm about artificial intelligence. Stocks have been remarkably adaptable, defying concerns about a

By Lisa Eadicicco, CNN (CNN) — Alex Alonso cloned his CEO. Well, sort of. Alonso used emails and public appearances to create an AI chatbot of Johnny Taylor Jr., the CEO of the Society for Human Resource Management, where Alonso is the chief data and analytics officer. The AI CEO gives Alonso feedback on work

By Brian Stelter, CNN (CNN) — Paramount has renewed Jon Stewart’s deal to continue hosting Comedy Central’s “The Daily Show” once a week through the 2026 midterms, resolving months of speculation about the media company’s plans for the late-night show. Comedy Central said Monday that the show’s correspondents will continue to take turns hosting Tuesdays

By Bryan Mena, CNN Washington (CNN) — Interest rates are in a good place to deal with persistently elevated inflation, Federal Reserve Governor Lisa Cook said Monday in her first public remarks since President Donald Trump said he had fired her. Cook, appointed by former President Joe Biden and the first Black woman to serve

By Joseph Ataman, Billy Stockwell, CNN Paris (CNN) — Chinese e-commerce platform Shein announced on Monday a “complete ban” on sex dolls on its site after France threatened to cut off its access to the French market. Over the weekend, France’s anti-fraud office, the DGCCRF, accused the fast-fashion platform of selling sex dolls “with a

By Chris Isidore, CNN (CNN) — China has agreed to allow the export of chips critical to auto production, averting widespread shutdowns that had been predicted by the industry. The chips are provided by Nexperia, a Chinese-owned chipmaker based in the Netherlands. It’s a critical supplier for the global auto industry, providing 40% of the

By Allison Morrow, CNN (CNN) — Sam Bankman-Fried is trying to rewrite the story of one of the biggest white-collar crimes in American history. It’s a redemption effort that might have appeared far-fetched two years ago, when a jury found Bankman-Fried guilty of stealing billions of dollars from customers of his now-bankrupt crypto exchange, FTX.

By Jordan Valinsky, CNN New York (CNN) — Huggies maker Kimberly-Clark announced Monday it will buy Tylenol’s parent company Kenvue in a nearly $50 billion deal, creating a massive consumer products conglomerate. The merger is the latest in a recent dealmaking explosion, signaling the Trump administration’s openness toward corporate acquisitions. But it also represents a

By Matt Egan, CNN (CNN) — The fingerprints of artificial intelligence are all over mass layoffs and downsizing at Meta, Amazon, Salesforce, YouTube and other major companies, raising fears of an AI-fueled jobs wipeout for white-collar workers. AI may hurt demand for office workers, but there’s reason for hope, Goldman Sachs CEO David Solomon believes.

By Chris Isidore, CNN (CNN) — When President Donald Trump introduced his tariff policy earlier this year, it looked like a disaster for automakers. But even with US tariffs on imported cars and parts, it has shaped up to be a pretty good time for car companies. Most automakers, even US-based ones, import some cars

By Elisabeth Buchwald, CNN (CNN) — In just a few days, the Supreme Court will start hearing arguments in what President Donald Trump is calling “one of the most important cases in the history of our country.” With the bulk of his tariffs — arguably the cornerstone of his entire economic agenda — in jeopardy,

By Tala Alrajjal, CNN (CNN) — Saudi Arabia is turning its oil wealth toward its massive AI ambitions. Its chief investment vehicle is Humain, a homegrown company that is building out a full stack of data centers, cloud capabilities, large language models and applications. It’s owned by the Kingdom’s nearly $1 trillion sovereign wealth fund.

By Brian Stelter, CNN (CNN) — Members of the White House press corps are now restricted from the press secretary’s office, the latest in a series of Trump administration actions to limit media access. The new rule says journalists cannot access what’s known as the “Upper Press” office space, where White House press secretary Karoline

By Reuters (CNN) — Berkshire Hathaway signaled on Saturday that it remained cautious about markets, letting cash swell to a record $381.7 billion even as profit rose, in its last financial report before Warren Buffett bows out as chief executive. Between July and September, Buffett’s conglomerate also sold more stocks than it bought for its

By Richard Quest, CNN (CNN) — President Donald Trump has made it clear that his favorite method to gain leverage over opponent countries on the other side of a negotiating table is to raise tariffs. It doesn’t matter whether the offense is trade-related or not. If there had been any lingering doubt (and I doubt

By Ramishah Maruf, CNN New York (CNN) — More likely than not, someone in your community – whether friend, family or neighbor – uses SNAP benefits. As millions of people could lose access to food assistance programs during the government shutdown, many Americans are trying – in however small a way – to fill in

By Lisa Eadicicco, CNN (CNN) — Silicon Valley’s mega AI spending spree isn’t slowing down anytime soon. But Wall Street’s patience to see a return might be wearing a little thin. That message rang clear when Meta, Microsoft, Amazon, Apple and Google parent Alphabet all said this week that they’re forking over more on capital

By Jordan Valinsky, CNN New York (CNN) — For a logo with a trademark grin, Wendy’s has little to smile about nowadays. The burger chain’s stock has lost nearly 50% of its value this year. Wendy’s executive suite has contended with several departures, and it’s currently operating without a permanent CEO after its previous leader

By Alicia Wallace, CNN (CNN) — The federal government shutdown has lasted all month and is on pace to become the longest on record. While history has shown that the economy typically rebounds from a shutdown within a couple of months, each day it drags on brings a greater risk that the economy won’t just

By Gawon Bae, CNN Seoul, South Korea (CNN) — Three billionaires surprised diners when they walked into a popular fried chicken restaurant on Thursday – and picked up everyone’s bill. Jensen Huang, CEO of the world’s most valuable company, AI chip giant Nvidia, went to the Seoul chicken-and-beer joint with the leaders of two of