CNN – Business/Consumer

By Liam Reilly, CNN (CNN) — The Mouse House has gone dark on YouTube TV. Disney’s channels have been removed from YouTube’s pay-TV platform after the two media giants failed to reach a new carriage agreement before Thursday’s midnight deadline passed. The blackout will leave subscribers unable to watch content from Disney networks, including ESPN,

By Clare Duffy, CNN New York (CNN) — Amazon chief executive Andy Jassy’s explanation for why the company is cutting 14,000 employees? Not money. Not even AI, but “culture.” The layoff announcement this week was “not really financially driven, and it’s not even really AI driven, not right now. It’s culture,” Jassy said in response

By Lisa Eadicicco, CNN (CNN) — Apple reported fourth-quarter earnings on Thursday that provided an early glimpse into how the iPhone 17 lineup may be catching on so far. Apple’s earnings for the quarter that ended in September met analysts’ expectations on revenue but slightly missed on iPhone sales. iPhone sales in the fourth quarter

By Liam Reilly, CNN (CNN) — The hosts of “The View” have said they want more conservatives to appear on the show. Next week, they’re getting one of the most outspoken: Rep. Marjorie Taylor Greene. The MAGA congresswoman from Georgia, long known for her fiery rhetoric and penchant for political brawling, will appear on the

By Ramishah Maruf, CNN (CNN) — The US trade deal with China seeks to resolve a major sticking point of their ongoing trade war: rare-earth minerals. Despite multiple rounds of talks with US trade negotiators over the past several months, China continued to slow-walk promises to the Trump administration that it would free up crucial

By Chris Isidore, CNN (CNN) — Boeing reported yet another massive quarterly loss Wednesday. It could still be an extremely good week to be Boeing. That’s because the US planemaker could finally get a huge order from Chinese airlines, a market that the company has been frozen out for nearly a decade. Boeing is reportedly

By Lisa Eadicicco, CNN (CNN) — Chatbot platform Character.AI will no longer allow teens to engage in back-and-forth conversations with its AI-generated characters, its parent company Character Technologies said on Wednesday. The move comes after a string of lawsuits alleged the app played a role in suicide and mental health issues among teens. The company

By Brian Stelter, CNN (CNN) — The new Paramount is laying off about 10% of its workforce, achieving some of the cost savings that CEO David Ellison promised investors when he took charge of the media company over the summer. Many divisions of Paramount Skydance will be impacted, from the iconic movie studio to CBS

By Chris Isidore, Norma Galeana, CNN Los Angeles (CNN) — Vancouver attorney Grant Murray used to travel to the United States frequently until the US-Canadian trade dispute led him to wage his own personal travel boycott. But as much as he loves his country and wants to support it, he loves his Toronto Blue Jays

By John Liu, Jhasua Razo, Alberto Mier, CNN (CNN) — US President Donald Trump and Chinese leader Xi Jinping are poised to hold a high-stakes summit in South Korea on Thursday, as the world’s two largest economies struggle to resolve a protracted trade conflict that has upended the global economy. Tensions have flared again in

By Brian Stelter, CNN (CNN) — You may have noticed some changes around here. CNN’s family of websites and apps now features All Access, a new way to subscribe and stream CNN, complete with new types of news content for those subscribers. It’s a big pivot for CNN in an era of direct-to-consumer relationships and

By Clare Duffy, CNN New York (CNN) — Nvidia, already the world leader in chips crucial for artificial intelligence, wants to make its technology central to everyday life. That means everything from cell phone towers to robotic factories to self-driving cars, Nvidia CEO Jensen Huang announced in his first-ever keynote address at the company’s GTC

By Lisa Eadicicco, CNN (CNN) — Apple has just joined an exclusive club: It just became one of the few publicly traded companies to surpass $4 trillion in market value, joining fellow tech giants Nvidia and Microsoft, both of which reached that milestone earlier this year. Shares of Apple (AAPL) rose 0.1% Tuesday, continuing a

Story by Reuters (Reuters) — Elon Musk’s polarizing political actions since acquiring Twitter, later rebranded X, in 2022 dramatically hurt the automaker’s U.S. sales, underscoring how deeply its fortunes are intertwined with the billionaire’s persona. The findings quantify for the first time how the political actions of the world’s wealthiest person – including his role

By David Goldman, CNN (CNN) — In a stunning and significant pushback to the “doomsday” climate activist community, Bill Gates, a leading proponent for carbon emissions reductions, published a remarkable essay Tuesday that argued resources must be shifted away from the battle against climate change. Instead, Gates argues, the world’s philanthropists must increase their investment

By Elisabeth Buchwald, Alicia Wallace, CNN (CNN) — Hundreds of thousands of American soybean farmers are suffering from a monthslong effective embargo by China as part of a global trade war. Among them: Treasury Secretary Scott Bessent. “I’m actually a soybean farmer,” Bessent said over the weekend in an ABC News interview. “I have felt

By Bryan Mena, Annette Choi Washington (CNN) — President Donald Trump said he has decided who will become the most powerful figure in the US economy. The president on Sunday said he made up his mind and will be making an announcement. The looming nomination caps a months-long search process led by Treasury Secretary Scott

By Brian Stelter, CNN (CNN) — CNN is introducing a streaming subscription option called All Access, charting a new course in a media era defined by direct-to-consumer relationships and mobile-first news reports. The new service, which is built into CNN’s existing apps and websites, features multiple live TV streams of news coverage and exclusive content.

By Ramishah Maruf, CNN New York (CNN) — Amazon said it would cut 14,000 corporate staffers this year in a mass layoff aimed at readying the company for wide adoption of AI technology. The company noted that it would be hiring in key areas and would prioritize those who lost their jobs for those roles.

By Nathaniel Meyersohn, CNN New York (CNN) — New York City voters are currently deciding on one of the most polarizing issues in decades. But it has nothing to do with 34-year-old democratic socialist mayoral frontrunner Zohran Mamdani. Instead, it will determine who has the power to greenlight — or block— affordable housing development in

By Ramishah Maruf, CNN New York (CNN) — Amazon plans to lay off as many as 30,000 corporate employees, beginning tomorrow, reports say. The cuts would total nearly 10% of the company’s corporate jobs, as advances in artificial intelligence stoke fears about the white-collar workforce and the US labor market shows signs of weakening. Reuters

By John Towfighi, CNN (CNN) — Argentina’s stock, bond and currency markets surged Monday after a decisive victory by a MAGA ally of US President Donald Trump — and a $20 billion lifeline from the United States. President Javier Milei’s win is a victory for Trump — and potentially for the US taxpayers funding that

By Brian Stelter, CNN (CNN) — Jon Stewart says he wants to stay at “The Daily Show” desk after his current contract expires in December. “We’re working on staying,” the Comedy Central host said Sunday when asked by David Remnick about his status on stage at The New Yorker Festival in Manhattan. “It’s not as

By Chris Isidore, Betsy Klein, Vanessa Yurkevich, CNN (CNN) — After ICE in September raided a still-under-construction Georgia Hyundai plant – and arrested and deported hundreds of South Korean workers – the automaker’s CEO, José Muñoz, said he hoped for a resolution that could bring crucial foreign-worker expertise back to the United States. President Donald

By Jeanne Sahadi, CNN (CNN) — Money can be a fraught issue for most couples. And no wonder. “We tend to have rule books around money. And we get upset when someone doesn’t have the same game plan,” said Thomas Faupl, a licensed family and marriage therapist who specializes in financial therapy. Not to mention

By John Liu, CNN (CNN) — US and Chinese officials have reached a framework agreement, averting a potentially ruinous 157% tariff on Chinese goods while paving the way for a potential trade deal to be discussed between President Donald Trump and Chinese leader Xi Jinping later this week. The apparent progress came during the first

CNN, NBC, POOL, CNN|TIKTOK By John Liu, CNN (CNN) — US and Chinese officials have reached a framework agreement, averting a potentially ruinous 157% tariff on Chinese goods while paving the way for a potential trade deal to be discussed between President Donald Trump and Chinese leader Xi Jinping later this week. The apparent progress

By Auzinea Bacon, CNN (CNN) — US stock futures rose Sunday after US and Chinese representatives agreed on a framework for a trade deal, potentially averting a tariff hike to 157% on Chinese goods and as investors expect another interest rate cut from the Federal Reserve. Dow futures were up 0.65%, S&P 500 futures rose

By Ramishah Maruf, Matt Egan, CNN New York (CNN) — Even the joy of Halloween will cost more this year, with less chocolate than in years past. Expect more packages of tangy gummies, riding off a meteoric high last year. Your kid’s trick-or-treat bag may be filled with a lot of pumpkin-spice-filled-anything. And like last

CNN By Ramishah Maruf, Matt Egan, CNN New York (CNN) — Even the joy of Halloween will cost more this year, with less chocolate than in years past. Expect more packages of tangy gummies, riding off a meteoric high last year. Your kid’s trick-or-treat bag may be filled with a lot of pumpkin-spice-filled-anything. And like

By Auzinea Bacon, CNN (CNN) — President Donald Trump said Saturday he is increasing the tariff on Canada by 10% over current levels, further escalating trade tensions over what he called a “fake” ad that featured parts of an anti-tariff speech by former President Ronald Reagan in 1987. “Canada was caught, red handed, putting up

By Associated Press (CNN) — A South Dakota company is recalling more than 2.2 million pounds (998,000 kilograms) of Korean barbecue pork jerky sold at Costco and Sam’s Club stores because the product may be contaminated with pieces of metal, federal health officials said Friday. LSI, Inc., of Alpena, voluntarily pulled the product after customers

By Bryan Mena, CNN Washington (CNN) — Hundreds of thousands of young Americans fresh out of college with a computer science degree have struggled to find a job over the past year. And their luck may not change anytime soon. The Federal Reserve began to lower interest rates last month to support the labor market

By Chris Isidore, CNN (CNN) — American sports suffered another black eye after the arrests this week of an NBA coach and a current NBA player for their alleged ties to illegal sports betting and rigged poker games. It’s the latest example of gambling and players breaking the rules. But for those who think this

By Lisa Eadicicco, David Goldman, CNN (CNN) — A massive AWS outage Monday that brought down some of the world’s most popular apps and services all started with a glitch. The bug – which occurred when two automated systems were trying to update the same data simultaneously – snowballed into something significantly more serious that

By John Towfighi, CNN New York (CNN) — Better-than-expected inflation data Friday morning sparked an end-of-week rally in stocks, sending the Dow, S&P 500 and tech-heavy Nasdaq Composite soaring to fresh record highs. The Dow gained 473 points, or 1.01%, and closed at 47,207.12. The blue-chip index closed above 47,000 for the first time ever.

By Alicia Wallace, CNN (CNN) — Here’s a rundown of what got more expensive in September’s Consumer Price Index report — as well as a couple of key areas where consumers are seeing relief. But first, a caveat: Monthly data can be quite volatile — and that could be even more volatile amid federal cuts

CNN By David Goldman, CNN New York (CNN) — President Donald Trump has canceled trade negotiations with Canada over what he called a “fake” ad that featured parts of an anti-tariff speech delivered by conservative hero and former President Ronald Reagan. The Ronald Reagan Presidential Foundation & Institute also said the ad misrepresented the former

By Alicia Wallace, CNN (CNN) — The cost of living got even more expensive for Americans last month, with prices rising at the fastest pace since the start of the year. Consumer prices rose 0.3% in September, which drove the annual rate of inflation from 2.9% to 3%, the highest it’s been since January, according

By David Goldman, CNN New York (CNN) — President Donald Trump has canceled trade negotiations with Canada over what he called a “fake” ad that featured parts of an anti-tariff speech delivered by conservative hero and former President Ronald Reagan. The Ronald Reagan Presidential Foundation & Institute also said the ad misrepresented the former president’s

By John Liu, CNN Hong Kong (CNN) — US and Chinese officials are set to convene another round of trade negotiations in Malaysia this weekend, as the two rival powers seek to salvage fragile relations ahead of a highly anticipated meeting between President Donald Trump and Chinese leader Xi Jinping. Delegations led by US Treasury

By Nathaniel Meyersohn, CNN New York (CNN) — Target will lay off 1,000 corporate employees and close 800 open roles — affecting roughly 8% of its global corporate workforce — the company said Thursday. The layoffs and changes “set the course for our company to be stronger, faster and better positioned” for the future, incoming

By Clare Duffy, CNN New York (CNN) — Popular artificial intelligence chatbots like ChatGPT and Meta AI are increasingly blurring the line between real-world and digital relationships by allowing romantic and sometimes sexual conversations — while scrambling to make sure children aren’t accessing that adult content. But Microsoft wants no part of that, the company’s

By Samantha Delouya, CNN (CNN) — Americans frustrated by high home borrowing rates may have gotten some welcome news this week. The average 30-year fixed mortgage rate dropped to 6.19% for the week ending October 23, down from 6.27% last week, according to Freddie Mac data released Thursday. After years of sluggish activity, sidelined homebuyers

By Chris Isidore, CNN (CNN) — Elon Musk says he needs to build his stake in Tesla so much that he could become the world’s first trillionaire. But this week he said his aim wasn’t to increase his planet-leading wealth. Instead, Musk said the biggest pay package in history was necessary to protect his company.

By Hadas Gold, CNN (CNN) — The email that said the career resource program for women would no longer be part of Google was terse and followed months of eroding support. But the deletion of years of Women Techmakers’ work came as a significant shock to its members. “Everything that I ever hosted and facilitated

By Alicia Wallace, CNN (CNN) — Nearly two dozen days have passed since a federal agency has published an economic report. The US government’s shutdown has resulted in a blackout of critical data, further clouding an already opaque economic outlook. That will change – albeit briefly – Friday morning, when the Bureau of Labor Statistics

By Vanessa Yurkevich, CNN New York (CNN) — General Motors, the 100-year-old car company that has struggled with its expensive modernization efforts, plans to offer Americans hands-free driving and the freedom to watch a movie on the go. The company unveiled new “eyes-off” driving technology that will be available starting in 2028, part of a

By Ana Nicolaci da Costa, CNN London (CNN) — Cuts to social protection for people living in poverty have created “fertile ground” for far-right movements around the world, according to a United Nations report. Popular support for the far right has grown globally in recent years. In Europe, Giorgia Meloni became Italy’s most far-right leader

By Tami Luhby, CNN (CNN) — Weight loss drugs are proving to be super popular among many workers with job-based health insurance. But GLP-1 medications are busting their employers’ budgets, leading some firms to rethink their coverage. The share of very large firms covering these drugs for obesity soared to 43% this year, up from

By Elisabeth Buchwald, CNN (CNN) — Finalizing a $20 billion lifeline for Argentina using taxpayers’ funds during the government shutdown was an essential action for the agency, Treasury Secretary Scott Bessent said Tuesday. His remarks came in response to a letter from Sen. Elizabeth Warren, the ranking member of the Senate Banking Committee, who wrote

By Chris Isidore, CNN (CNN) — You’d think after a tumultuous year for Elon Musk’s car company, Wall Street would be cheering Tesla’s record quarterly sales. They’re not. That’s for two main reasons: First, Tesla’s profit fell from a year ago and missed analysts’ estimates. Second, Tesla’s sales were largely booming last quarter because customers

By Jeanne Sahadi, CNN (CNN) — Are you suffering from decision fatigue? Do you have better things to do than oversee a complex portfolio and keep up with the latest on Wall Street? Do you just want to do as little as possible when it comes to investing but still have the money you need

By Matt Egan, Chris Isidore, CNN (CNN) — A key group of American borrowers is falling significantly behind on their car loans. It’s yet another sign that the US economy is forming some serious cracks, leaving the most vulnerable in financial distress. The percentage of subprime borrowers – those with credit scores below 670 –

By John Liu, CNN (CNN) — Gold prices gained modestly on Wednesday after the precious metal’s spectacular rally came to an abrupt halt on Tuesday, when prices tumbled more than 5%. The drop in the price of gold, which is viewed as a safe-haven asset in times of uncertainty, came as investors took profits from

CNN By Lisa Eadicicco, CNN (CNN) — You can already use Google Maps to virtually “explore” a city on the other side of the world without leaving your seat. But what if you could take that a step further by feeling like you’re inside the map? And what if you could learn about the restaurant

By Lisa Eadicicco, CNN (CNN) — You can already use Google Maps to virtually “explore” a city on the other side of the world without leaving your seat. But what if you could take that a step further by feeling like you’re inside the map? And what if you could learn about the restaurant on

By Nathaniel Meyersohn, CNN (CNN) — Walmart, America’s largest private-sector employer, is pausing job offers to foreign candidates needing H-1B visas to work in the United States, a company spokesperson told CNN. It’s a significant shift that demonstrates how major companies are changing their policies in response to Trump’s strict immigration agenda that could have

By Ramishah Maruf, CNN New York (CNN) — The government shutdown has impacted many Americans’ daily lives beyond the political tussle. Federal workers are getting laid off by the thousands. Local businesses, whether they’re in Washington, DC, proper or outside the nation’s national parks, are struggling to fill seats. People are unable to move into

By Jordan Valinsky, CNN New York (CNN) — Some customers who were unable to fill or pick up their prescriptions at CVS locations on Tuesday because of technical issues may want to go back to the pharmacy. A CVS spokesperson said in a statement Tuesday that the company has resolved a network connection issue that

By Jordan Valinsky, CNN New York (CNN) — Coca-Cola has begun selling a soda that uses cane sugar, rather than high-fructose corn syrup, in the United States following a demand from President Donald Trump earlier this year. A company spokesperson confirmed to CNN that the soda is now rolling out to “select” cities and retailers.

By Brian Stelter, CNN (CNN) — Warner Bros. Discovery, the parent of CNN, is contemplating a sale. The media giant says it has received “multiple” expressions of interest from potential buyers, indicating that Paramount Skydance is not the only suitor for the media company. In a Tuesday morning statement, WBD said its board of directors

By Jordan Valinsky, CNN New York (CNN) — The concept of a circus might be well known, but Ringling Bros. and Barnum & Bailey admits it has a bit of an identity problem. “Kids already know how to play (games like) Ringling, they just don’t know it by name,” Juliette Feld Grossman, CEO of Feld

By Lucy Bayly, John Towfighi, CNN New York (CNN) — Wall Street kicked off a new week in high gear as optimism rose that the 20-day shutdown of the federal government could soon draw to a close. National Economic Council Director Kevin Hassett told CNBC Monday he believes the shutdown is “likely to end sometime

CNN By Jordan Valinsky, CNN New York (CNN) — Amazon Web Services (AWS), the cloud computing platform that powers much of the internet, went down for several hours Monday, making several major websites and apps inoperable. From banking services to social networks to airline booking sites to online shopping, thousands of services were disrupted as

By Auzinea Bacon, CNN (CNN) — The rising costs of coffee beans are keeping roasters and their customers on edge. Retail coffee prices jumped nearly 21% in August compared to the same time last year, and the Trump administration’s tariffs are partially to blame: In July, Brazil was slapped with one of the highest duties,

By Chris Isidore, CNN (CNN) — Few car buyers have heard of Nexperia. But this Dutch company makes chips that are essential for making cars — and now, it’s at the center of a trade dispute that could shutter global auto plants and send already-record-level car prices even higher. The dispute is just one part

By Joel Williams, CNN (CNN) — Oversized crowbars bend wood for a piano’s rim. Circular sanders smooth rough edges on costly Sitka spruce soundboards. Hammers and chisels notch a bridge to allow piano strings to vibrate freely. For 30 years, Bernard Craddock has been one of the roughly 200 workers handcrafting pianos at the 150-year-old

By Ramishah Maruf, Clare Duffy, CNN New York (CNN) — Salesforce billionaire Marc Benioff backtracked on Friday from comments suggesting President Donald Trump should send the National Guard to San Francisco. The tech CEO’s remarks initially drew a wave of criticism. “Having listened closely to my fellow San Franciscans and our local officials, and after

By Lisa Eadicicco, CNN (CNN) — Instagram will launch new safety features for teens, including the ability for parents to prevent their kids from chatting with the platform’s AI characters, parent-company Meta announced Friday. It’s one of several new safety features from Meta and OpenAI meant to combat growing concerns about how AI could impact

By Marshall Cohen, CNN Washington (CNN) — The Justice Department on Thursday filed foreign bribery charges against Smartmatic, the voting technology company that is suing Fox News and other prominent pro-Trump figures for defamation over their promotion of 2020 election lies. The bribery and money laundering charges against Smartmatic arose from an existing case filed

By Jordan Valinsky, CNN New York (CNN) — OpenAI announced that it has “paused” users’ ability to generate videos of Martin Luther King Jr. on its artificial intelligence video tool Sora, following backlash over “disrespectful depictions.” “While there are strong free speech interests in depicting historical figures, OpenAI believes public figures and their families should

By Lisa Eadicicco, CNN (CNN) — Lindsey Martin’s electricity bill reached $314 in July, the highest bill she had received this year until that point, she said on TikTok. In the video’s more than 4,000 comments, many users reported similar power-bill spikes. Martin’s bill jumped even higher in August to $372, a notable leap from

By Elisabeth Buchwald, CNN (CNN) — Several financial groups are wrestling with bad loans, raising worries on Wall Street of more to come. For weeks, investors have focused on Jefferies Financial Group, an investment bank that has at least $45 million worth of exposure to First Brands, an auto-parts supplier that filed for bankruptcy last

By Jeanne Sahadi, CNN (CNN) — Most people go to work for the paycheck and benefits. What they typically don’t expect is to have to return some of the money when they leave. But with some benefits — such as signing or retention bonuses, tuition reimbursement and some forms of training — workers may have

By John Towfighi, CNN New York (CNN) — US stocks closed lower Thursday as jitters spread on Wall Street about credit market turmoil and regional banks’ exposures to bad loans. The Dow fell 301 points, or 0.65%. The broader S&P 500 dropped by 0.63%, and the tech-heavy Nasdaq Composite moved 0.47% lower. Volatility has returned

By Ana Nicolaci da Costa, CNN London (CNN) — Nestlé will cut around 16,000 jobs worldwide over the next two years as it works to slash costs, including through automation, the world’s largest food company said Thursday. Most of the layoffs – about 12,000 – will affect white-collar professionals as Nestlé targets “operational efficiency,” including

By Clare Duffy, CNN New York (CNN) — “Good morning, my fellow federal furloughed employees!” That’s the start of one of scores of TikTok videos that have been posted by federal workers in the two weeks since the government shutdown began. A growing number of affected employees — both furloughed workers and essential staffers who

By Elisabeth Buchwald, Matt Egan, CNN (CNN) — Many Americans shrugged off the implosion of a pair of overleveraged Bear Stearns hedge funds in 2007. Stocks were at record highs, after all. But later it became apparent that those bankruptcies were among the first shoes to drop in an epic financial meltdown that would impact

By Brian Stelter, CNN (CNN) — A flyer with the words “journalism is not a crime” appeared Tuesday on the wall outside the “Correspondents’ Corridor” where journalists operate at the Pentagon. It was a silent protest of Defense Secretary Pete Hegseth’s new policy that severely restricts press access. The policy criminalizes routine reporting, according to

By Jack Guy, CNN (CNN) — An upcoming version of popular chatbot ChatGPT will relax existing restrictions to allow more content, including erotica, for verified adult users, according to OpenAI chief Sam Altman. Altman said in a post on X published Tuesday that the move is part of a drive to “treat adult users like

By Jeanne Sahadi, CNN (CNN) — Federal workers’ experiences this year with layoffs and furloughs may seem extreme. But to anyone who works for a living, they’re a reminder that when you see signs that your job may be at risk, it helps to create a financial plan. US government workers were laid off in

By John Towfighi, CNN New York (CNN) — After months of steadily climbing higher, stocks are bouncing around as investors process renewed US-China trade tensions. Stocks were mixed on Tuesday in volatile trading: The Dow gained 203 points, or 0.44%, after falling as much as 615 points earlier. The S&P 500 fell 0.16%. The tech-heavy

By John Liu, CNN (CNN) — The Dutch government has taken control of a Chinese-owned chip company based in the Netherlands following pressure from Washington, in a move that spotlights how countries are caught in the middle of the US-China battle for tech dominance. Headquartered in the city of Nijmegen, Nexperia produces lower-end chips for

By Ramishah Maruf, CNN New York (CNN) — New car buyers can expect to shell out an average of more than $50,000 for the first time, according to a report from Kelley Blue Book. The average price customers paid for a new vehicle in the US was $50,080 in September, a reflection in part of

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve is doing a difficult balancing act, trying to tamp down inflation while lifting up the job market, Chair Jerome Powell said Tuesday. “There is no risk-free path for policy as we navigate the tension between our employment and inflation goals,” Powell said in prepared remarks

By Jordan Valinsky, CNN New York (CNN) — Walmart is partnering with OpenAI to let users browse and make purchases directly through its popular chatbot ChatGPT, as the world’s largest retailer looks to use AI to leapfrog rival Amazon in online shopping. Walmart CEO Doug McMillon said in an announcement Tuesday that the retailer’s current

By Ana Nicolaci da Costa, CNN London (CNN) — Higher US tariffs have so far had a smaller impact globally than expected, but it would be “premature and incorrect” to conclude they have had no effect on economic growth, the International Monetary Fund said Tuesday. The IMF slightly upgraded its expectations for global and US

By Gordon Ebanks, CNN (CNN) — Scouting America, the organization formerly known as the Boy Scouts, is giving scouts the chance to earn two merit badges that engage new technology: one in artificial intelligence, and another in cybersecurity. The organization, which counts about a million scouts in its ranks, offers hundreds of merit badges spanning

By Clare Duffy, CNN New York (CNN) — Billionaire investor Frank McCourt, an early bidder for TikTok, told CNN last month he is looking into whether the White House-brokered agreement for a majority-American investor group to buy the app’s US assets is legal. While McCourt said “it’s too early to say” whether he would seek

By John Liu, CNN Hong Kong (CNN) — President Donald Trump expressed shock at China’s “surprising” move to unleash sweeping export controls on rare earths, accusing the country of “becoming very hostile.” But according to Beijing, it was Washington’s expansion of curbs on Chinese firms that ratcheted up tensions and drove it to further tighten

By Associated Press (CNN) — LendingTree CEO and founder Doug Lebda died in an all-terrain vehicle accident over the weekend, the online loaning platform said Monday. He was 55. In a company announcement, LendingTree confirmed that Lebda died on Sunday and that the company was grieving his unexpected death. A spokesperson said the accident occurred

By Brian Stelter, CNN (CNN) — The Pentagon is telling beat reporters to sign restrictive new rules by Tuesday or surrender their press passes by Wednesday. Virtually every news outlet is rejecting the ultimatum and saying they will not sign. The Pentagon Press Association, a body that represents the beat reporters, says the new policy

By John Towfighi, CNN New York (CNN) — Cryptocurrencies plunged in value on Friday in a short but significant flash crash, leaving investors with billions of dollars in losses and highlighting the volatility associated with the industry. Traders were jolted after President Donald Trump threatened new tariffs on imports from China, sparking a sell-off in

By Lisa Eadicicco, CNN (CNN) — OpenAI is partnering with Broadcom to design and develop 10 gigawatts of custom AI chips and systems, a massive amount of power that will use as much electricity as a large city. The move further highlights just how power intensive the AI boom has become. It’s the latest partnership

By Jordan Valinsky, CNN New York (CNN) — JPMorgan Chase on Monday announced a massive investment plan that places a substantial bet on industries it thinks are critical to the United States’ economic security. As part of the decade-long initiative, the bank said it’s investing $10 billion in select companies that are primarily based in