CNN – Business/Consumer

By Samantha Delouya, CNN (CNN) — Mortgage rates keep going up. The average 30-year fixed mortgage rate was 7.28% this week, up from 7.03% last week, according to Freddie Mac data released Thursday. Mortgage rates have risen for six straight weeks, and this week brought the biggest one-week jump in nearly four years. Rates are

By Alicia Wallace, CNN (CNN) — Americans have kept spending despite more than five years of higher prices. But the paychecks that have powered that spending are starting to lose steam. Friday’s jobs report could show how much further pay gains are falling behind inflation. The continued resilience of spending, which powers two-thirds of US

By David Goldman, CNN (CNN) — The bond market is in an unrelenting sell-off. In the latest dubious milestone for US Treasuries, the yield on the 10-year benchmark note just hit its highest level since the dot-com bust. American government bonds remain the world’s most important financial market, widely considered the safest place for investors

By Ramishah Maruf, CNN New York (CNN) — The CEO who helped bring the “Barbie” movie to the big screen is slated to co-lead the anticipated Paramount and Warner Bros. Discovery mega-company. Ynon Kreiz, the former chief executive of Mattel, will be a co-CEO of the combined company, Paramount chairman and CEO David Ellison announced

By Brian Stelter, Liam Reilly, CNN (CNN) — Paramount entered the final stages of merging with Warner Bros. Discovery on Wednesday afternoon, when a federal judge approved last week’s settlement of an antitrust lawsuit filed by state attorneys general. Minutes after Judge Araceli Martínez-Olguín issued an order accepting the settlement, Paramount CEO David Ellison announced

By John Towfighi, CNN New York (CNN) — It’s been a brutal month for bonds — but stocks mostly shrugged off the turmoil. Bond yields hit their highest levels in years, Brent crude rose back above $100 per barrel and central banks around the globe raised interest rates. Yet the S&P 500 ended the month

By Elisabeth Buchwald, CNN (CNN) — Despite skyrocketing gas prices, the US economy was remarkably resilient this spring. Gross domestic product grew at a 2.2% inflation-adjusted annualized pace in the second quarter, a sharper rebound than the 1.5% rate previously estimated as stronger consumer spending and business investment helped power growth. Economists were expecting the

By Alicia Wallace, CNN (CNN) — An annual update to federal data shows that prices haven’t been rising as fast as previously thought; however, inflation remained stubbornly elevated in August as a war-driven energy shock continued to ripple through the US economy and Americans’ pocketbooks. The Personal Consumption Expenditures price index – the Federal Reserve’s

By Marshall Cohen, CNN New York (CNN) — Prediction site Polymarket rolled out new consumer protections and anti-addiction measures Wednesday, as a growing number of policymakers call for more regulation of the booming industry. Prediction sites have exploded in popularity this year, with billions of dollars wagered on everything from sports to elections, entertainment and

By Samantha Delouya, CNN (CNN) — Billionaire hedge fund manager Ken Griffin is doubling down on Miami, announcing on Wednesday a $3 billion donation to help fund a new campus for Carnegie Mellon University in the city. The staggering amount is the largest-ever gift by an individual in higher education, surpassing Michael Bloomberg’s $1.8 billion

By Elisabeth Buchwald, CNN (CNN) — Here we go again: President Donald Trump’s sweeping global tariffs are back under the legal microscope. On Wednesday, a three-judge panel at the US Court of International Trade is set to hear arguments in a case that could determine whether the president can use a 1970s trade law to

By Kristen Holmes, Alayna Treene, Betsy Klein, Brian Stelter, CNN (CNN) — Millions of taxpayer dollars have already been spent on President Donald Trump’s hagiographic ads, according to estimates by a leading political ad-tracking firm. And a total of $20 million has been allocated for the effort, which watchdog groups have deemed illegal. The TV

By Chris Isidore, Lisa Eadicicco, CNN (CNN) — Anthropic says its AI models could pose a “catastrophic or existential risk to humanity” and can “resist shutdown,” according to an initial public offering prospectus obtained by Reuters. Anthropic is pursuing an IPO some time in the next year that many expect to value the five-year-old company

By Alicia Wallace, CNN (CNN) — Millions of Americans may need to find an entirely new career in the next decade, according to research released Tuesday. An estimated 11 million workers, or about 6.5% of the current labor force, might have to jump into entirely different occupations by 2035 as a result of automation and

By Clare Duffy, CNN New York (CNN) — Apple says its decision to remove ICEBlock and similar platforms from the app store last year was prompted by concerns — including those raised by the Trump administration — about agent safety following a fatal shooting that left two detainees dead at a Dallas Immigration and Customs

By Hadas Gold, Adam Cancryn, CNN (CNN) — President Donald Trump said Tuesday that top tech executives had signed a new commitment aimed at better “self-policing” their companies’ AI models, arguing that the light-touch approach represents the best way to balance safety concerns with his desire to accelerate a technology that he’s dubbed “Super Intelligence.”

By Tami Luhby, CNN (CNN) — President Donald Trump’s order to levy 100% tariffs on certain patented pharmaceutical products and ingredients takes effect on Tuesday. But experts question the extent to which the move will achieve its goal of spurring more drug manufacturing in the US. That’s because the burden will fall most heavily on

By Elisabeth Buchwald, Matt Egan, CNN (CNN) — President Donald Trump’s ban on Canadian booze kicked in on Tuesday, an unprecedented move that underscores the breakdown in one of the closest trading relationships in the world. The ban, which impacts $800 million worth of Canadian alcoholic beverages the US imported last year, marks the latest

By Auzinea Bacon, CNN (CNN) — OpenAI said it won’t release its latest model, dubbed GPT-6.1 Astra, because it “didn’t quite meet the bar” for safety. The decision, which the Wall Street Journal first reported on Monday, comes as industry leaders call for an AI development slowdown. Anthropic CEO Dario Amodei first proposed “pacing the

By Chris Isidore, CNN (CNN) — Chipmaker Nvidia said Monday it is introducing a new software platform to address concerns about artificial intelligence agents that have “gone rogue” and operated outside human control. “Today, with over 100 industry partners, we introduced the NVIDIA Open Agent Safety Platform,” Nvidia CEO Jensen Huang wrote in a post

By Hanna Ziady, CNN London (CNN) — The United States and China have agreed to slash tariffs on $60 billion worth of goods, deepening efforts to stabilize a frequently testy relationship. The tariff relief extends to an array of products, from US coal and agricultural products to made-in-China toys, car seats and holiday decorations. The

By Lisa Eadicicco, CNN (CNN) — Meta wants its new Muse AI agent to be the gateway to users’ digital lives. But that all depends on whether popular apps and services are willing to give it the keys. Agents go a step beyond how most people have used AI up to this point. Instead of

By David Goldman, CNN (CNN) — The US economy may have a new problem: It’s too strong. America’s cost-of-living concerns and a bond market meltdown aren’t functions of a sputtering economy that’s running out of gas. Quite the opposite. Prices and interest rates are rising too quickly for comfort for three primary reasons: the global

By Chris Isidore, Tami Luhby, CNN (CNN) — John Yeley has spent the last 26 years working on his farm, which his family has owned since 1852. Yeley is the seventh generation to run his farm in Illinois, just over the state line from Indiana. Although he plans to keep doing so, he’s not sure

By Nathaniel Meyersohn, CNN New York (CNN) — Matthew Clayton is good at computers, so he gets assigned a dreaded task by his family members: helping them schedule their DMV appointments online in North Carolina. North Carolina’s Division of Motor Vehicles has long been considered among the worst of the worst. “It’s as broken as

By Elisabeth Buchwald, CNN (CNN) — Attention, protein maxers: One of your highly coveted ingredients is taking center stage in the escalating trade war between the United States and Canada. Whey, the workhorse ingredient behind protein powders and a growing universe of high-protein foods, is getting caught in the crossfire. Canada imposed 50% tariffs on

By Auzinea Bacon, CNN (CNN) — OpenAI said Friday that some of its AI agents went rogue and probed US government websites this summer — the latest revelation of the artificial intelligence company’s technology. The New York Times first reported that the AI agents went rogue and attempted to gain access to the Education Department,

By Jordan Valinsky, CNN New York (CNN) — As the alcohol industry deals with a dreary environment in the US, Aperol’s parent company hopes a brightly colored aperitif imported from Italy will entice drinkers. Campari Group is making its biggest investment ever for the US launch of Sarti Rosa, a tropical pink-colored aperitivo liqueur made

By Clare Duffy, Hadas Gold, CNN New York (CNN) — The Department of Defense can blacklist Anthropic’s artificial intelligence technology, a federal appeals court ruled on Friday. The decision is a blow to Anthropic after it won a separate challenge in a California court in August that partially invalidated the Trump administration’s label. The Trump

By John Towfighi, CNN New York (CNN) — Bonds had a wild week, with yields around the globe spiking to their highest levels in decades. Bond market volatility increased at its fastest pace in months. That’s making investors concerned that the turbulence could spill into the stock market. The bond market’s “fear gauge,” which tracks

By Alicia Wallace, CNN (CNN) — US consumer sentiment fell to its second-lowest level on record in September as high gas prices further soured Americans’ views of the economy. The University of Michigan’s consumer sentiment index for September dipped to 48.1, notching a 7% decline from August and a nearly 13% drop from a year

By Brian Stelter, CNN (CNN) — The major networks in the White House TV pool are resuming coverage of presidential events this morning after pausing for several days after President Donald Trump banned CNN. CNN and other networks showed pool footage on Friday morning of Trump greeting Chinese leader Xi Jinping outside the White House

By Matt Egan, CNN New York (CNN) — In January 2024, then-presidential candidate Donald Trump blasted the Biden administration for freezing approvals for new plants to export US liquefied natural gas. When he won the election, in part by slamming the Biden-Harris “war on energy,” Trump vowed in his second inaugural address: “We will bring

By David Goldman, CNN (CNN) — Ambassador Alan Wolff says President Donald Trump’s novel implementation of America’s tariff law is illegal and runs counter to how Congress intended the presidential power to be used. Wolff would know. He wrote the law. “I have a sense of ownership of the statute,” said Wolff, who served as

By Samantha Delouya, CNN (CNN) — As interest rates have stayed elevated for the last few years, a growing share of homebuyers turned to adjustable-rate loans (ARMs). These loans typically offer some breathing room from high rates by providing a lower fixed rate for five, seven, or 10 years before resetting with market rates. With

By Samantha Delouya, John Towfighi, CNN (CNN) — Mortgage rates reached a grim milestone this week, topping 7% for the first time since January 2025 and reaching their highest level during either of Donald Trump’s presidential terms. The average 30-year fixed mortgage rate climbed to 7.03% this week, up from 6.95% last week, according to

By Jordan Valinsky, CNN New York (CNN) — Starbucks is closing approximately 250 locations in the coming days as the coffee chain continues to prune its store count during its turnaround efforts. The affected locations didn’t “deliver the experience we want for customers and partners” or aren’t financial viable, the company said in a statement.

By Jeanne Sahadi, CNN (CNN) — Like many people, you’d probably love to save more to do … well, everything. But life can be busy and expensive – increasingly so. And your list of financial obligations is already long. Still, taking just a little time to focus on where you’re at financially today versus where

By John Towfighi, CNN New York (CNN) — The US 30-year Treasury yield rose as high as 5.5% Thursday afternoon, its highest level since 2004, extending a recent sell-off that has seen yields climb around the globe. Bond yields jumped this week, surging to fresh highs for this year. Thursday’s action follows a steep bond

By Matt Egan, CNN New York (CNN) — President Donald Trump says he wants to ban America’s diesel exports, but his former energy secretary tells CNN this is a “bad idea” that will backfire. “It’s one of those ideas that sounds good on the surface, but when you dig into it, it makes very little

By Hadas Gold, Clare Duffy, CNN (CNN) — When AI company Hugging Face was hacked by a swarm of rogue OpenAI agents who had escaped their testing environment, the company’s CEO had many things to say. He called it an unprecedented event – “day one for cybersecurity in the age of agents.” But here’s one

By Jordan Valinsky, CNN AnNew York (CNN) — McDonald’s is spending billions of dollars to boost its franchises, an effort to cement its title as the leader in fast food amid growing competition. The chain announced Wednesday that it will invest $8.5 billion by 2036 on a series of initiatives, including remodeling restaurants, retraining their

CNN By Hilary Whiteman, Hadas Gold, Max Saltman, CNN Brisbane, Australia (CNN) — An OpenAI agent hacked into an Australian national healthcare database in the first known case of AI hacking a government network, the country’s prime minister said Wednesday. “The AI agent accessed both public and non-public files” of the country’s Medicare statistics database,

By Lisa Eadicicco, CNN (CNN) — As concerns over AI’s rapid advancement continue to mount, Meta is pushing forward with new AI devices and agents that it believes will one day be essential to everyday life. Meta CEO Zuckerberg and other executives laid out the company’s vision for AI at the tech giant’s Connect event

By Hilary Whiteman, Hadas Gold, Max Saltman, CNN Brisbane, Australia (CNN) — An OpenAI agent hacked into an Australian national healthcare database in the first known case of AI hacking a government network, the country’s prime minister said Wednesday. “The AI agent accessed both public and non-public files” of the country’s Medicare statistics database, and

By Clare Duffy, CNN New York (CNN) — YouTube CEO Neal Mohan dismissed the idea of joining Meta’s multistate settlement agreement around child safety, saying the video platform already has measures in place to protect young users. “We have invested in making sure that young people are safe on our platform… for a very long

By Hadas Gold, CNN (CNN) — The leaders of two of the world’s top AI companies are usually fierce rivals. But in front of the UN Security Council on Wednesday, they were in agreement: The AI industry needs international standards and cooperation, or risk global security. OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei

By Brian Stelter, Liam Reilly, CNN (CNN) — An Iowa judge has dismissed President Donald Trump’s lawsuit against pollster J. Ann Selzer, her polling company, the Des Moines Register and Gannett. In a written ruling on Wednesday, Judge Scott Beattie of Iowa’s Fifth Judicial District threw out the lawsuit by Trump, Rep. Mariannette Miller-Meeks and

By John Towfighi, CNN New York (CNN) — The 10-year US Treasury yield surged Wednesday to reclaim its highest level in nearly two decades after new data depicted strong business activity and intensifying inflation concerns. The 10-year yield surged 15 basis points to 5.11%, a fresh high for this year and the highest level since

By Liam Reilly, CNN (CNN) — Disney is again raising prices for several streaming subscription tiers, pushing the cost of its ad-free Disney+ and Hulu plans past $20. Disney+ and Hulu’s Premium standalone plans will rise $2.50 to $21.49 each per month, effective immediately for new subscribers, a source familiar with the matter told CNN.

By T.M. Brown, CNN J.C. Bahr-de Stefano, a venture capitalist in New York, wanted a table at 4 Charles Prime Rib earlier this month. The West Village steakhouse is one of the city’s most covetable tables, with spots there on the reservation platform Resy being snapped up within seconds of their release. So Stefano turned

By Lisa Eadicicco, CNN (CNN) — It’s been a busy afternoon for Pip, the AI agent I’ve been using in Meta’s Muse app. The agent, which Meta launched on September 8, booked a Friday date night and made a packing schedule for my upcoming move. It also emailed a friend about a trip next month

By Matt Egan, CNN New York (CNN) — President Donald Trump’s escalating trade war with Canada has thus far spared one critical import for American farmers: potash, a crucial fertilizer component and plant nutrient that has virtually no substitute. But that could change as the trade battle lingers and Canadian officials weigh options to retaliate

By Allison Morrow, CNN New York (CNN) — President Donald Trump’s money managers made 1,152 trades on his behalf in July alone, according to his latest financial disclosure Tuesday — an astronomical number relative to his predecessors, and still high by the standard of active traders. The transactions included many companies such as SpaceX and

By Brian Stelter, Liam Reilly, CNN (CNN) — Paramount has cleared the final hurdle in its year-long race to take over Warner Bros. Discovery. Now comes the really hard part. In the coming weeks, Paramount will take control of CNN and scores of other Warner assets like HBO, DC Comics, and the Discovery Channel. Integrating

By Brian Stelter, CNN (CNN) — A ban on one is almost like a ban on all. That’s the prevailing feeling now that President Donald Trump’s ban of CNN, MS NOW and Politico has been implemented by the White House and challenged in court by the news organizations. Maybe the feeling won’t last. Maybe the

By Sophie Tanno, Lisa Eadicicco, CNN London/New York (CNN) — The bars, theaters and restaurants dotting central London may not seem like a conflict zone. But many venue owners are facing a difficult fight over a new and, some say, potentially dangerous device: smart glasses. The glasses — which can capture video, photos and audio

By Jordan Valinsky, CNN New York (CNN) — Peloton is launching its cheapest treadmill yet, in the hope that running’s surging popularity will spur sales. The fitness equipment maker announced Tuesday it will soon release a $2,195 treadmill called the Tread Flex. That’s about $1,000 cheaper than its current lineup, and also the company’s first-ever

By Matt Egan, CNN New York (CNN) — Diesel, the most important fuel on the planet, is so expensive that some Republicans want President Donald Trump to stop exporting it to friends and allies. “High diesel prices ARE KILLING FARMERS INCOME,” Republican Sen. Chuck Grassley posted on X last week, calling for an “embargo on

CNN By Brian Stelter, Andrew Kirell, CNN (CNN) — The state attorneys general suing to block Paramount’s acquisition of Warner Bros. Discovery, CNN’s parent company, have reached a settlement, clearing the way for the companies to complete the merger. California Attorney General Rob Bonta, who led the 12-state coalition that sued to block the merger,

By Brian Stelter, Andrew Kirell, CNN (CNN) — The state attorneys general suing to block Paramount’s acquisition of Warner Bros. Discovery, CNN’s parent company, have reached a settlement, clearing the way for the companies to complete the merger. California Attorney General Rob Bonta, who led the 12-state coalition that sued to block the merger, announced

By Samantha Delouya, CNN (CNN) — After years of sellers holding the upper hand, the US housing market is subtly shifting in buyers’ favor. But many are still reluctant to make a move. Nationally, there are significantly more sellers than buyers in the market. Sellers outnumbered buyers nationwide by 58% in August — the widest

By Brian Stelter, Andrew Kirell, CNN (CNN) — The major television networks are standing with CNN by declining to replace its White House pool crew after the Trump administration barred the network from fulfilling its assigned duties on Monday. “The public has a vital interest in receiving accurate, independent information about its government. No administration

Story by Reuters (CNN) — US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng concluded talks in New York on Sunday with the US side proposing a new AI safety notification mechanism for US President Donald Trump and Chinese President Xi ⁠Jinping to consider at their summit this week. Bessent told reporters that

By Brian Stelter, CNN (CNN) — Paramount is in advanced talks with state attorneys general to resolve the antitrust lawsuit blocking its acquisition of Warner Bros. Discovery, CNN’s parent company. But the talks are creating divisions among some of the Democratic states that brought the lawsuit two months ago, sources tell CNN. California Attorney General

By Reuters (CNN) — Google’s Gemini model accessed the internet and hacked other companies during a test of its cybersecurity capabilities, the first known example of the company’s AI systems autonomously committing such an act. The hacks occurred in May during a cybersecurity test conducted by Irregular, an independent company that conducts cybersecurity evaluations. During

By Brian Stelter, CNN (CNN) — CNN reporter Betsy Klein was denied access at the White House on Saturday morning and her press pass was seized, one day after President Donald Trump announced that he was banning CNN, MS NOW and Politico. First Amendment experts say the action is unconstitutional. A reporter for Politico and

By John Towfighi, CNN (CNN) — Warren Buffett became the world’s most famous investor by betting on the boring stuff. Buffett, 96, who stepped down as chairman of Berkshire Hathaway on Friday, spent six decades transforming the company into an investment powerhouse. Buffett invested in traditional companies embedded in the real economy with a focus

By Brian Stelter, CNN (CNN) — President Donald Trump claimed Friday afternoon that he is “banning” CNN, MS NOW and Politico “from the White House.” He said it was “effective immediately,” but there was no indication his administration had taken steps to follow through. A source familiar with the matter said even some White House

By Jordan Valinsky, CNN New York (CNN) — French football star Kylian Mbappé has signed a new sponsorship deal with sportswear brand On, following the end of his roughly 20-year relationship with Nike. The Swiss-based company announced Friday that Mbappé will become a global ambassador for On and “work directly with On’s product teams” on

By Matt Egan, CNN New York (CNN) — Staffers at the Federal Reserve knew or should have known about the severe trouble mounting at Silicon Valley Bank, but failed to act before the lender’s implosion set off a mini-banking crisis in 2023, according to an independent review revealed on Friday. The preliminary report, as detailed

By Hanna Ziady, CNN London (CNN) — The Kremlin has moved to seize the Russian assets of Nestlé and French retailer Auchan amid a broader nationalization drive that has seen a surge in government takeovers of private companies. Auchan and Nestlé are “European companies from unfriendly countries… currently actively involved in hostilities against us,” Kremlin

By Jordan Valinsky, CNN New York (CNN) — One of America’s oldest sandwiches is the newest battleground in the freezer aisle. The humble peanut butter and jelly has been a staple in kitchens for decades, beloved by parents looking to fix a quick meal for their kids. Then the crustless, pre-packaged Uncrustables rolled out in

By Alicia Wallace, CNN (CNN) — Changing employers can come with some costs; however, the maneuver often serves as an avenue for not only career advancement but also better pay and benefits. Job-switching has long been one of the best defenses against rising prices. However, with the labor market stuck in a low-churn, low-hire, low-fire

By Chris Isidore, CNN (CNN) — Airlines are cutting more flights this year in response to high fuel prices. Executives from United, American and Southwest Airlines said during an investors conference Wednesday they expect to eliminate cheaper, less profitable flights from their schedule in the final months of the year. “If fuel is higher-for-longer, I

By Samantha Delouya, CNN (CNN) — Homebuyers could soon have to face an unwelcome milestone: a 7% mortgage rate. The average 30-year fixed mortgage rate inched closer to that level this week, climbing to 6.95%, up from 6.76% last week, according to Freddie Mac. It’s the fourth-straight week of rising rates and the largest one-week

By T.M. Brown, CNN Artificial intelligence could kill the entire human species, according to people in the artificial intelligence industry. Specifically, they say, it could exterminate humanity within the decade. Politicians, major news organizations, and Sheryl Crow reacted with alarm last week after an Anthropic employee named Jacob Coxon announced he was quitting the AI

CNN By Hanna Ziady, CNN London (CNN) — Canadian Prime Minister Mark Carney took a veiled swipe at US President Donald Trump on Thursday, insisting that his proposal to deepen ties with the European Union wasn’t aimed at creating a new geopolitical bloc “with better manners.” Carney’s comments come a day after European Commission President

By Nathaniel Meyersohn, CNN New York (CNN) — Touchscreen kiosks, self-checkout machines and QR-code menus were only here to help. The dream was that these self-service technologies would recommend food we’d like at McDonald’s and speed up CVS lines. But kiosks ended up presenting way too many choices when we just wanted the burger. Self-checkout

By Hanna Ziady, CNN London (CNN) — Canadian Prime Minister Mark Carney took a veiled swipe at US President Donald Trump on Thursday, insisting that his proposal to deepen ties with the European Union wasn’t aimed at creating a new geopolitical bloc “with better manners.” Carney’s comments come a day after European Commission President Ursula

By John Liu, CNN Hong Kong/Beijing (CNN) — Unlike in the United States, no one in China seems to be openly fretting over the prospect of humanity being destroyed by artificial intelligence soon. There, citizens access local government services through AI-powered digital employees; students receive instant feedback on written assignments by uploading a photo; and

By Issy Ronald and Max Foster, CNN London (CNN) — Britain’s King Charles III urged industry leaders to find ways of controlling AI “before it’s too late” on Thursday, calling the pace of development “both intriguing and deeply concerning,” as he opened a summit that he convened. “There seems urgency in adequately considering the existential

By Lisa Eadicicco, CNN (CNN) — OpenAI found additional incidents of AI models acting deceptively and taking unsanctioned actions during training, the company announced Wednesday. It’s also introducing a new process for the company to publicly report such instances. Under the new system, OpenAI will share updates on concerning AI behavior more frequently instead of

By Jeanne Sahadi, CNN (CNN) — For the first time in more than three years, members of the Federal Open Market Committee unanimously decided to hike the Fed’s key overnight bank lending rate by a quarter point in a bid to reduce inflation, which remains well above the central bank’s 2% target. And 16 of

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve on Wednesday raised interest rates for the first time in more than three years in a renewed fight against inflation, which has picked up since early in the year due to the war with Iran. Officials voted unanimously to raise their benchmark lending rate by

By Allison Morrow, CNN New York (CNN) — The crypto industry has spent years and millions of dollars lobbying for regulation that would more closely weave digital assets into traditional finance. When President Donald Trump made a heel-turn on crypto in 2024, supporters hoped that he’d finally put an end to their regulatory limbo. That

By John Towfighi, CNN New York (CNN) — The bond market sell-off is raising the stakes for the Federal Reserve’s monetary policy meeting this week and putting a spotlight on the central bank’s commitment to reining in inflation. Traders widely expect the Fed to raise its benchmark interest rate on Wednesday for the first time

By Brian Stelter, CNN (CNN) — There were two big events on television last Wednesday night: President Donald Trump’s speech at the Republican Party’s midterm convention, and the NFL’s 2025-26 season kickoff game between the Seattle Seahawks and the New England Patriots. The NFL game drew more than 25 million viewers. Trump’s speech reached about

By John Towfighi, CNN New York (CNN) — The rise in bond yields reached a critical threshold on Monday, with the 10-year Treasury yield hitting 5%, a level briefly touched in 2023 and otherwise not seen since 2007. The 10-year yield’s rise to multi-year highs could mean higher costs for Americans who want to buy

By Hadas Gold, CNN (CNN) — Anthropic, Google and OpenAI have discussed creating an AI industry standards body, people familiar with the situation told CNN. The conversations preceded the events of the past week, when a former Anthropic researcher resigned, saying the top AI companies were not “behaving responsibly” – and also before Anthropic CEO

By Lisa Eadicicco, CNN (CNN) — Dag Kittlaus and Adam Cheyer, known for creating an assistant that’s now found in billions of Apple devices, have been thinking about what comes after the search engine for a long time. They, along with Tom Gruber, founded a startup in 2007 stemming from a product concept the pair

By Hanna Ziady, CNN London (CNN) — AI-linked stocks tumbled Monday after the CEOs of some of the companies developing the most advanced AI models called for a slowdown in the technology’s development to allow for more guardrails to be put in place. Semiconductor chip stocks that are closely tied to the AI boom bore

By Tami Luhby, CNN (CNN) — Winter hasn’t even started yet, but Tommy Cole Jr. is already very worried about how he’ll afford to heat his home when the temperatures drop. The Marine Corps veteran has been closely watching the cost of home heating oil, which has soared recently along with crude oil, diesel fuel

By Chris Isidore, CNN (CNN) — President Donald Trump wants to reverse the decades-long decline in the number of US refineries in operation, which he believes is key to lowering gas prices, and he recently called oil executives to the White House to make that push. “President Trump and his entire energy team will continue

CNN By Auzinea Bacon, CNN (CNN) — The race to develop artificial intelligence is in dire need of a slowdown, Anthropic’s chief executive said in an essay posted early Saturday. “We must slow the pace at which we improve the capabilities of AI models. Progress will still seem fast, and we must make wise use

By Auzinea Bacon, CNN (CNN) — The race to develop artificial intelligence is in dire need of a slowdown, Anthropic’s chief executive said in an essay posted early Saturday. “We must slow the pace at which we improve the capabilities of AI models. Progress will still seem fast, and we must make wise use of

By David Goldman, Matt Egan, CNN (CNN) — The Iran war has lasted far longer than many expected — and so has a functioning oil market. Despite uncomfortably high fuel prices that have cost the average US household nearly $800 since the war started, crude is mostly getting where it needs to go more than

By Justine Noble London (CNN) — Rob Perez only has one dealbreaker when it comes to dating – his partner needs to be a gym rat like him. “It doesn’t have to be the same sport, but… I think lifestyle-wise, (she has) to understand: I work out, you work out, we do our thing,” he

By Anna Cooban, CNN London (CNN) — A narrow waterway located at the mouth of the Red Sea between Yemen and Djibouti has provided an escape hatch for a sizeable chunk of the Middle East’s oil. That lifeline is now looking increasingly shaky. For weeks, Yemen’s Iran-backed Houthi rebels have threatened shipping in the Bab

By Elisabeth Buchwald, CNN (CNN) — Consumer prices rose at a 3.4% annual rate last month, the same pace as July, according to the latest Consumer Price Index from the Bureau of Labor Statistics. That likely strengthens the case for a Federal Reserve rate hike to tame inflation and prevent price increases from becoming more