CNN – Business/Consumer

CNN By Brian Stelter, Haley Britzky, CNN (CNN) — In a blow to press freedoms within the US military, the Pentagon has forced out several top staffers at Stars and Stripes, the military publication with a long record of editorial independence. Journalism advocacy groups decried the firings and criticized Defense Secretary Pete Hegseth for trying

By Ramishah Maruf, CNN New York (CNN) — TikTok and its parent company, ByteDance, reached a $400 million settlement with the US Justice Department over children’s privacy litigation on Friday, one of the largest amounts yet for a case of this kind. The Justice Department first sued TikTok in 2024, claiming the app failed to

By Brian Stelter, Haley Britzky, CNN (CNN) — In a blow to press freedoms within the US military, the Pentagon has forced out several top staffers at Stars and Stripes, the military publication with a long record of editorial independence. Journalism advocacy groups decried the firings and criticized Defense Secretary Pete Hegseth for trying to

By Elisabeth Buchwald, Auzinea Bacon, CNN (CNN) — Canadian Prime Minister Mark Carney on Saturday vowed “dollar-for-dollar” tariffs in response to the United States’ 50% tariffs on $20 billion in Canadian goods after the two sides failed to reach a trade deal. Carney’s tit-for-tat measures, set to take effect on September 8, will include tariffs

CNN Staff (CNN) — Since Australia passed its ban on social media for teens younger than 16, a wave of legislative proposals in other countries have sought to establish similar limits on platforms such as Instagram, Facebook, Twitch, YouTube and more. The goal is clear — to shelter young people from long scrolling sessions, online

By Allison Morrow, CNN New York (CNN) — It was a tough week for the bond market. And the US government’s attempt to help offered only temporary relief. A global rate spike in long-dated government bonds pushed yields to multi-year highs this week, driving up borrowing costs for governments, businesses and consumers. The yield surge

By Alicia Wallace, David Goldman, CNN (CNN) — Tech investor Marc Stad is acquiring a controlling interest in the NBA’s Minnesota Timberwolves and the WNBA’s Minnesota Lynx in a deal valued at $4.5 billion, sources close to the agreement told CNN on Friday. It marks the second multibillion-dollar sale of a professional basketball organization this

By Tami Luhby, CNN (CNN) — High gas prices continue to weigh on Americans, forcing some to cut back on their spending this summer. Although Trump administration officials promised that the spike is gas prices would subside, the cost remains far higher than it was when the US-Iran conflict began in late February. Are you

CNN By Issy Ronald, Lauren Said-Moorhouse, CNN London (CNN) — Prince Harry and six other high-profile figures will have to make an initial payment of £9.5 million ($13 million) toward the legal costs of a British tabloid publisher after losing a high-stakes case against them last month, a UK High Court judge ruled Friday. The

By Chris Isidore, CNN (CNN) — Higher gas prices cut into Americans’ overall spending, leading to the slowest sales growth at Walmart’s US stores since the earliest months of the pandemic. The nation’s largest retailer earned $6.4 billion in net income in the three months ending July 31, thanks to strong online spending and a

By John Towfighi, CNN New York (CNN) — The Treasury Department made a surprise move Wednesday after bond yields hit their highest levels in almost two decades, doubling its planned purchases of longer-term bonds and easing pressure on the market. Bonds rallied, driving yields lower, after the announcement, providing some relief after a sell-off earlier

By Jordan Valinsky, CNN New York (CNN) — Columbia House, a pioneer of subscription music before streaming, is shutting down after seven decades in business. A widely reported statement appeared on its website saying the company is closing on September 15 has been removed, but a customer service representative confirmed to CNN by phone that

By Nathaniel Meyersohn, CNN New York (CNN) — Conventional wisdom says that American consumers are struggling and they’re hunting for the lowest prices to save money. But the K-shaped economy is narrowing, and a growing number of Americans have moved up the income ladder. They actually have more money to spend and are being choosy

By Matt Egan, CNN New York (CNN) — Oil prices are once again uncomfortably high, but the bigger problem is lurking just beneath the surface. What initially began as an oil supply shock caused by the Strait of Hormuz blockage is morphing into a fuel supply crisis. Refineries face a perfect combination of war and

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump late Tuesday postponed his threat of a 50% tariff on a wide range of Canadian goods that was set to take effect at midnight and would have affected roughly $20 billion worth of imports. “We’ve come to a deal with Canada,” Trump told reporters Wednesday morning

By John Liu, CNN (CNN) — Doomscrolling on an iPhone, firing endless questions at ChatGPT, or streaming a 4K film on Netflix on your laptop – behind these modern life conveniences lies a high-stakes contest between two Asian technology powers. For decades, South Korea and Taiwan have been locked in a cut-throat battle for supremacy

By Samantha Delouya, CNN (CNN) — The $1.9 billion collapse of subprime auto lender Tricolor last year was fueled by a multiyear fraud involving its executives, the Securities and Exchange Commission alleged in charges announced Tuesday. Texas-based Tricolor, which went bankrupt in September 2025, specialized in loans and car sales to buyers without Social Security

By Hadas Gold, CNN (CNN) — OpenAI is unveiling new, stronger security safeguards around its training and testing in light of new model capabilities and a spate of incidents in which artificial intelligence systems hacked into other companies. The company first disclosed in July that during a cybersecurity exam, a combination of its AI agents

By John Towfighi, CNN New York (CNN) — Investors’ concerns over issues like inflation and hefty government deficits, plus more competition from corporate bonds, are driving a global bond market sell-off, pushing up borrowing costs for governments and everyday people alike. The 30-year US Treasury yield on Tuesday hit its highest level since 2007, rising

By Chris Isidore, CNN (CNN) — Did you ever fly on Spirit Airlines? Or work there? Or send an email to someone who worked there? Then your information will soon be feeding Google’s artificial intelligence model. The discount airline halted all operations in May, and it’s been selling off its remaining assets through the bankruptcy

By Brian Stelter, CNN (CNN) — Disney is going to court to defend its ABC television stations from the Trump administration’s pressure campaign. On Tuesday, the media company filed a lawsuit in federal court alleging that Trump’s FCC is violating its First Amendment rights. The administration “has waged a retaliatory campaign against ABC for a

By Clare Duffy, CNN New York (CNN) — Meta’s business relies on hooking young people and exploiting their data and attention, a lawyer for a group of state attorneys general argued in opening statements for the latest blockbuster trial against the social media giant on Tuesday. The trial could be Meta’s most consequential legal fight

By Clare Duffy, CNN New York (CNN) — OpenAI is rolling out a new “ChatGPT for Teens” experience that it says will provide additional safety protections for teen users. The move comes as OpenAI faces a string of lawsuits alleging that inappropriate conversations with ChatGPT contributed to the harm or deaths of young people. The

By John Liu, CNN (CNN) — Shares of the world’s largest humanoid robot maker by sales Unitree jumped more than 600% in its trading debut in Shanghai on Wednesday, in a testament to its status as the poster child of China’s robotic advancement. Having captured global attention with its dancing and kung-fu fighting androids, Unitree

By Ramishah Maruf, Matt Egan, CNN New York (CNN) — Family drama is swirling around the sale of the Los Angeles Lakers. Jeanie Buss, the controlling owner and CEO of the storied basketball organization, is opposing the sale of the family’s remaining 17.8% stake in the team to former Disney CEO Bob Iger and venture

By Brian Stelter, CNN (CNN) — Paramount wants the states that are suing over the Warner Bros. Discovery deal to post a $1.9 billion bond. The states are scoffing at the idea. “They don’t have any legitimate claim. I mean, honestly, this reeks of desperation,” California attorney general Rob Bonta told CNN in response. Paramount

By Matt Egan, CNN New York (CNN) — Regulators appointed by President Donald Trump are allowing the Trump family’s flagship cryptocurrency venture to become a bank, a move that is alarming ethics watchdogs and some lawmakers. World Liberty Financial, a crypto firm Trump and his sons launched in 2024, announced late Friday that it received

By Amarachi Orie, CNN (CNN) — A bespoke model of Ferrari’s first-ever fully electric car, the Luce, has sold for $40 million, breaking the record for the most expensive new car ever sold at auction. The high bid for the tailor-made Ferrari Luce “Chassis 0” comes just months after the Italian luxury sports car maker’s

By Samantha Delouya, CNN (CNN) — Just a few years ago, San Francisco was the national symbol for post-pandemic urban decline. Now, fueled by the artificial intelligence boom, the Golden City and its suburbs are quickly becoming the hottest housing market in the country. Flush with cash — and highly valued stock options — tech

By Elisabeth Buchwald, CNN (CNN) — Strawberries offer a taste of summer, even when they are eaten in the dead of winter. But the year-round treat Americans have grown accustomed to could soon get more expensive. The Trump administration is investigating whether Mexican growers are selling winter-harvested strawberries in the United States at unfairly low

By Ramishah Maruf, CNN New York (CNN) — Frances Ling, a 29-year-old in Los Angeles, has a summer driving uniform. First, she buttons a long-sleeve cape with a hood, one that her boyfriend jokes make her look like “a superhero.” Next is a lightweight face mask that covers every inch of skin below her nose.

By Chris Isidore, CNN (CNN) — The Buffalo Bills play their first preseason game at their new Highmark Stadium on Saturday, but season ticketholders got a sneak peek at an open practice last week. Some weren’t happy. Social media was flooded with photos showing obstructed views of the field from some seats. Even though a

By Samantha Delouya, CNN (CNN) — Fueled by a boom in artificial intelligence, San Francisco is quickly becoming the hottest housing market in the country. In the last few months, home prices and asking rents have shot higher in the city as tech workers flush with cash flood the area’s housing market. San Francisco home

By David Goldman, CNN (CNN) — Vishal Garg feels duped. “He hoodwinked me,” the just-ousted Better Home & Finance CEO said about Daniel Lewis, the man who replaced him last week. “He said he liked the company’s strategy. He praised us on X and used that to get on our board and win our confidences.”

By Hanna Ziady, Anna Cooban, CNN London (CNN) — Nuclear power plants idled. Crops harvested at 3 a.m. Iconic tourist attractions shuttered early. Soaring temperatures are forcing drastic measures in Europe, where successive heatwaves are straining an economy already under pressure from US tariffs, Chinese competition and higher energy prices because of the Iran war.

By Ramishah Maruf, CNN New York (CNN) — Several investors in Selena Gomez’s mental health startup Wondermind sued the popstar Thursday, claiming they were misled about the startup’s success and her involvement in it. Wondermind launched in 2021, with Gomez listed as co-founder, “chief impact officer,” and head of marketing, according to the suit. The

By Clare Duffy, CNN New York (CNN) — Law enforcement technology company Flock introduced new safety controls on Thursday, hoping to curb growing scrutiny and fears around surveillance and police misuse of its tools. Flock’s nationwide network of automated license plate readers (ALPR) cameras —mounted along public roads — take images of passing vehicles’ plates,

By Alicia Wallace, CNN (CNN) — Businesses’ costs aren’t rising as fast as they have been in recent months, an indication that price hikes could slow for consumers in the months ahead. The Producer Price Index, which tracks prices changes for producers and manufacturers, increased 4.7% in the 12 months that ended in July. That

CNN By Avni Trivedi, Karina Tsui, CNN (CNN) — A winning ticket for Wednesday night’s $1.04 billion Powerball drawing was sold in Illinois, marking the largest grand prize since last year, according to the lottery. The winning numbers were 4, 26, 66, 67, 69, and red Powerball 9, with a Power Play multiplier of 2.

By Natasha Chen, CNN Los Angeles (CNN) — Influencers have been flooding social media this summer with videos of short wait times at Disney parks. In June, one content creator recorded a relatively empty Disneyland while noting the absent daytime crowd. “It’s the middle of summer, the weather is perfect and the park is not

By Matt Egan, CNN New York (CNN) — Artificial intelligence is a game-changing technology that’s already transforming how the world lives and works. Yet AI can also fuel a market meltdown, a recession – or both. Timing is everything. Money is pouring into AI so rapidly that it’s outpacing the ability to turn a profit.

By John Liu, CNN (CNN) — Hackers deployed an AI system to carry out sophisticated cyberattacks on Taiwan, officials said, in what experts believe is the first known fully autonomous attack on government agencies. Over four days in July, the AI agents were able to map 21 government systems, crack 85 government user accounts, and

By Jordan Valinsky, Ramishah Maruf, CNN New York (CNN) — Josh Kushner doesn’t give many interviews or make public appearances often, but he’s keen on making headlines. Kushner, the brother of President Donald Trump’s son-in-law Jared, announced that he was teaming up with former Disney CEO Bob Iger to buy the Los Angeles Lakers for

By David Goldman, CNN (CNN) — President Donald Trump’s expensive subscription for instant access to his Truth Social posts is unconstitutional, according to a federal lawsuit filed Wednesday. The Intercept and the Freedom of the Press Foundation jointly sued Trump and his White House social media team for restricting their access to the president’s posts

By Chris Isidore, Matt Egan, CNN (CNN) — In a stunning twist, former Disney CEO Bob Iger and venture capitalist Josh Kushner are buying one of the greatest trophy assets in US sports: The Los Angeles Lakers. Iger and Kushner, the brother of President Donald Trump’s son-in-law Jared Kushner, are shelling out a record-breaking $12.5

By Brian Stelter, CNN (CNN) — As Paramount pushes to settle the state antitrust lawsuit that has stymied its deal to buy Warner Bros. Discovery, Democratic lawmakers continue to rally opposition to the deal. On Wednesday, Rep. Jamie Raskin, the top Democrat on the House Judiciary Committee, sent a new letter to Paramount CEO David

By Lisa Eadicicco, CNN (CNN) — What if you didn’t have to dig through your inbox to schedule a follow-up doctor’s appointment or type on a tiny keyboard to send emails on your way to work? That’s the future Google and other tech giants predict, with AI agents soon handling tasks on our phones without

By Alicia Wallace, CNN (CNN) — Annual inflation slowed for the second month in a row, cooling to 3.4% in July as prices at the pump and the grocery store delivered less of a bite, according to new data released Wednesday by the Bureau of Labor Statistics. The latest Consumer Price Index showed that prices

By Jordan Valinsky, CNN New York (CNN) — For the first time in a while, Burger King is living up to its name. A revamped Whopper helped the chain post an 8.5% increase in US same-store sales last quarter, outpacing McDonald’s by the largest margin in more than a decade. Burger King also surpassed Wendy’s

By Avni Trivedi, Karina Tsui, CNN (CNN) — A winning ticket for Wednesday night’s $1.04 billion Powerball drawing was sold in Illinois, marking the largest grand prize since last year, according to the lottery. The winning numbers were 4, 26, 66, 67, 69, and red Powerball 9, with a Power Play multiplier of 2. The

By Brian Stelter, CNN (CNN) — The White House Correspondents’ Association has asked President Donald Trump’s administration to “work with us on a protocol for handling extraordinary security circumstances in the future,” now that his secret plane switch last month has been revealed by leaks to news organizations. Fox News anchor and senior White House

By Alicia Wallace, CNN (CNN) — More Americans are falling even further behind on their home and car loans than at any time in the past decade, new data from the Federal Reserve Bank of New York showed Tuesday. A greater share of people went at least 30 days late on their mortgage payments in

By David Goldman, Matt Egan, CNN (CNN) — Wall Street has begun to embrace Trump Media and Technology Group’s newest product: instant access to President Donald Trump’s Truth Social posts. Truth Social owner Trump Media, in its first-ever earnings call with analysts Monday evening, said it has signed more than 10 customer agreements, mostly with

By Anna Cooban, CNN London (CNN) — Nvidia is joining forces with Wall Street to allow its customers borrow more than half a trillion dollars to build AI infrastructure. The US chipmaker announced on Monday that it had signed a preliminary agreement with heavyweight institutional investors Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to

By John Towfighi, CNN New York (CNN) — Will the Federal Reserve raise interest rates or hold them steady at its meeting next month? For the market, it’s a coin flip: Odds of a rate hike in September are near 50%, while odds of keeping rates steady are near 50%, according to CME FedWatch, a

By Lisa Eadicicco, Hadas Gold, CNN (CNN) — Meta is taking a stance on one of the biggest debates shaping the future of artificial intelligence: Should AI models be open for anyone to tinker with and modify, or should they be tightly controlled by the companies making them? For Meta CEO Mark Zuckerberg, the answer

By Jordan Valinsky, CNN New York (CNN) — 7UP, which popularized lemon-lime flavoring when it rolled out nearly a century ago, is changing its taste for the first time in 15 years. The soda is permanently reformulating its recipe as it faces increased competition, slightly reducing lemon for a “lime-forward” taste in response to younger

By Avni Trivedi, Hanna Park, CNN (CNN) — The Powerball jackpot has risen to an estimated $975 million after nobody took the grand prize in Monday night’s drawing, which soared to the eighth-largest prize in history. The winning numbers drawn were 6, 37, 54, 55, 64, and a red Powerball 10, with a Power Play

By Lisa Eadicicco, CNN (CNN) — Cases of AI escaping the lab, infiltrating other companies and trying to deceive people have all made headlines in recent weeks. And in one case, AI models even worked together to break free from their test environments. Does this mean the machines are taking over? Not quite. AI isn’t

By David Goldman, Matt Egan, CNN (CNN) — David Goldman and Matt Egan report on the economy for CNN. This is their text conversation about this month’s job report. David Goldman: Hey, Matt! The jobs report on Friday came in…less than good, let’s say. Are we back in this “meh-conomy,” where we have stagnant job

By Bryan Mena, CNN (CNN) — Despite AI skills and more than a decade of management experience in technology, Juan Ruiz has struggled to switch jobs in a state known for its tech scene: California. Ruiz has been looking for a new job with more pay since October 2024, sending out hundreds of applications, he

By Bryan Mena, Molly English, CNN Washington (CNN) — The White House is renewing its effort to remove Lisa Cook from the Federal Reserve’s Board of Governors, according to a letter addressed to her attorney obtained by CNN. The letter, dated August 5, said there is “sufficient reason to believe that you have made false

By Michael Ballaban, CNN (CNN) — Ford is the undisputed global leader in pickup trucks. The F-Series is the best-selling vehicle in the US – of any kind – since 1981. Its latest pickup, the Ford Fathom, will cost a downright cheap $28,350, which should set it up to be a massive seller. And it

By Alicia Wallace, CNN (CNN) — A summer hiring slump dogged the US labor market in July as the economy unexpectedly lost 23,000 jobs, according to new data released Friday by the Bureau of Labor Statistics. The unemployment rate dropped to 4.1% from 4.2% as more people left the labor force. July’s job gains marked

By Ramishah Maruf, CNN New York (CNN) — Meta must tighten controls on children’s accounts and pay $567 million into a fund to remedy its role in a youth mental health crisis, a New Mexico judge ordered Thursday, in a ruling that dealt the social media giant another hefty penalty and compared it to polluting

By Brian Stelter, Liam Reilly, CNN (CNN) — The FCC voted on Thursday to remove the cap on TV station ownership in the US, delivering a big win to media companies aligned with President Donald Trump and the Republican Party. Supporters of the cap immediately said they will challenge the FCC’s action in court. They

By Alicia Wallace, CNN (CNN) — When the latest official jobs report is released on Friday, economists are expecting it to show that hiring picked up in July and that the unemployment rate held steady at 4.2%. Economists’ estimated monthly employment gains of 97,500 jobs would mark an increase from June’s lower-than-expected 57,000 jobs added.

By Anna Cooban, CNN London (CNN) — The British government has cleared Paramount Skydance’s $110 billion takeover of Warner Bros. Discovery, saying it had received assurances from the company over media diversity. On Thursday, the UK’s anti-trust regulator said that it had decided not to further investigate the deal, weeks after British culture minister Lisa

By Hadas Gold, CNN (CNN) — The White House waded into one of the hottest debates in AI this week: Open or closed? A new framework governing how the administration will review advanced AI models pre-release covers only the most powerful “closed” models, like Anthropic’s Claude or OpenAI’s ChatGPT, people familiar with the matter told

By John Towfighi, CNN New York (CNN) — More than 900 million SpaceX shares unlocked Thursday, more than doubling the publicly available shares in Elon Musk’s space and AI company and testing investors’ interest in holding a stock that’s struggled since a record-breaking IPO nearly two months ago. A lockup expiry enables some employees and

By David Goldman, CNN (CNN) — People really don’t like AI data centers. Politicians are running against them. A recent Gallup poll showed 71% of Americans oppose them. Several counties and states have proposed or passed laws to ban them. But this notion that AI data centers are quickly popping up everywhere is belied by

By Matt Egan, CNN The smarter artificial intelligence gets, the harder it will be for humanity to control it, according to Geoffrey Hinton, the Nobel Prize-winning computer scientist known as the “godfather of AI.” Even Hinton was alarmed by the sophisticated AI agents that recently caused real-world damage after escaping their human-built testing environments. “What’s

By Stephanie Yang, Yoonjung Seo, CNN Seoul (CNN) — Jennifer Ke, a 35-year-old working in operations at a cryptocurrency firm, never paid much attention to Taiwan’s stock market. But her colleagues were constantly discussing their latest stock trades. One boasted of making at least one million Taiwanese dollars, or about $31,000, on a single stock.

By Hadas Gold, CNN (CNN) — Add Meta to the list of companies with AI agents going rogue. An AI model from the parent company of Facebook and Instagram hacked into another company’s systems during cybersecurity testing, a spokesperson confirmed on Wednesday. Meta says the breach occurred because of an inadvertent error during testing of

By Jordan Valinsky, CNN New York (CNN) — Mickey Mouse could soon be performing the next big TikTok dance trend as Disney looks to embrace the creator community. The Walt Disney Company and TikTok announced Wednesday a partnership that would let social media creators make short-form videos based on the entertainment conglomerate’s brands, including Star

By Elisabeth Buchwald, CNN (CNN) — Apple got an estimated $2.2 billion tariff refund last quarter. Amazon got $600 million. Nike got $300 million. But American consumers who paid higher prices as President Donald Trump’s tariffs filtered through the economy are getting almost nothing back. Those corporate payouts may be just the beginning as the

By John Liu, Hadas Gold, CNN (CNN) — Anthropic’s most advanced artificial intelligence model used fake identities to deceive real people and try to plant malicious code during testing by Britain’s AI Security Institute (AISI) –– the latest example of an AI model going rogue. Anthropic and OpenAI models were tested with lowered security guardrails

By Allison Morrow, CNN New York (CNN) — SpaceX first earnings report as a public company blew past expectations. But it continued to burn through cash in pursuit of CEO Elon Musk’s vision for an AI-powered, Mars-colonizing future, putting investors on edge and sending SpaceX shares down in late trading. The newly public satellite, space

By Brian Stelter, CNN (CNN) — A federal judge has set a March 2027 trial date for the antitrust challenges to Paramount’s acquisition of Warner Bros. Discovery, CNN’s parent company. The trial timeline is another setback for Paramount, which had wanted to complete the merger this summer. A coalition of state attorneys general and the

By Brian Stelter, CNN (CNN) — Paramount CEO David Ellison says he believes the fight over his Warner Bros. Discovery takeover “is not really about market share” — it’s about CNN. In a remarkable Tuesday morning guest essay for The New York Times, Ellison seeks to convince readers that he will respect and preserve CNN’s

By Jordan Valinsky, CNN New York (CNN) — McDonald’s recently revved up the amount of deals and discounts it offers to attract more customers. That strategy seems to have hit a roadblock. The burger chain on Tuesday reported its slowest growth since 2025, with US sales rising just 0.8% in the second quarter. McDonald’s blamed

By Alicia Wallace, CNN (CNN) — The US labor market, long stuck in a “low-hire, low-fire” slog, may be starting to show a glimmer of life. The latest official labor turnover data showed that employers increased their hiring efforts in June – an ever-so slight indication that momentum could be building. The number of job

By John Towfighi, CNN New York (CNN) — The S&P 500 closed at a record high Tuesday, supported by strong corporate earnings, a rebound in tech shares and traders embracing hopes for progress on reopening the Strait of Hormuz. The S&P 500 surged 1.79% to close at 7,737 points, its first record high in two

By Matt Egan, CNN New York (CNN) — Days before his inauguration in 2025, president-elect Donald Trump did something unusual: He launched a memecoin. That memecoin briefly exploded in value – and then crashed in an epic selloff that left nearly a million investors facing losses. Now, a pair of Senate Democrats are demanding Trump’s

By John Towfighi, CNN New York (CNN) — SpaceX reports its first-ever quarterly earnings as a public company after the closing bell Tuesday, giving investors a detailed look at Elon Musk’s rocket, satellite and AI company after a rocky start to trading. Investors want to learn more about the company’s spending on AI, its revenue

By Allison Morrow, CNN New York (CNN) — Capital One closed hundreds of Trump Organization accounts in 2021 “for anti-money laundering reasons,” the bank disclosed for the first time in a court filing Friday night. President Donald Trump has maintained that his businesses were “debanked” for political reasons, and the Trump Organization sued Capital One

By Hadas Gold, CNN (CNN) — The White House will meet with representatives from several top AI companies on Tuesday to discuss a new framework for the government to review frontier AI models before they launch, multiple sources familiar with the invitation told CNN. The meeting is a critical step toward broader AI regulation amid

By John Liu, Logan Schiciano, CNN (CNN) — The United States bought the Japanese yen for the first time in more than a decade as “a signal of friendship,” President Donald Trump said Sunday. The rare bilateral intervention in Japan’s currency market was designed to prop up the yen from its 40-year low against the

By Auzinea Bacon, CNN (CNN) — Sony Pictures’ and Marvel’s “Spider-Man: Brand New Day” soared to the second-biggest North American opening weekend ever with a $355 million haul at the box office, according to industry experts, just behind “Avengers: Endgame,” which opened to $357 million in 2019. “Spider-Man: Brand New Day” — released almost five

By Anna Cooban, CNN London (CNN) — In a glittering ballroom in central London, around 200 people in the energy industry gathered to discuss a proposition that, a mere eight months ago, seemed unthinkable: investing in Venezuelan oil. “The time is now,” Greig Gilbert, chief executive of Apertura Energy, an investment firm, told the crowd

By Elisabeth Buchwald, CNN (CNN) — I can still remember the glorious day my dad took me to the Verizon store in the fifth grade to buy my first cellphone. The Samsung Glyde instantly won me over with its touchscreen and slide-out keyboard. On the bus ride home, I discovered a new form of entertainment:

By Ramishah Maruf, CNN New York (CNN) — Influencing is Gen Z’s new glamour job. So if more than half of young people say they want to be influencers, why not study it? Arizona State University recently announced a bachelor’s degree in content creation for those who “dream of monetizing your video channel or making

By Elisabeth Buchwald, CNN (CNN) — For years, Situational Awareness was closely tracked by Wall Street, members of the AI community and its founder’s fiercest followers. Outside those circles, however, the multibillion-dollar hedge fund remained largely unknown. But that was before it began unraveling this week. Situational Awareness was founded in 2024 by German-born Leopold

By Allison Morrow, John Towfighi, CNN New York (CNN) — The meteoric rise and stunning near-collapse this week of a US hedge fund has sent shockwaves across global markets, becoming a kind of cautionary tale for the AI era. On Thursday, the San Francisco fund Situational Awareness, founded by a former OpenAI researcher with no

By Bryan Mena, CNN Washington (CNN) — Inflation is a far more serious and persistent issue than the Fed has made it out to be, and it must be addressed by raising interest rates, a group of rate-setting committee members said Friday. For months, the war in Iran has destabilized the global energy market, pushing

By Matt Egan, CNN (CNN) — Big Oil is minting money. ExxonMobil and Chevron, the two biggest US oil companies, reported gangbusters profits on Friday driven by the spike in global oil prices unleashed by the US-Iran war. Exxon raked in $14.5 billion in profit during the second quarter, more than doubling its year-earlier earnings

By Hadas Gold, CNN (CNN) — AI company Anthropic says that during routine testing some of its models accessed the internet and hacked into three separate organizations’ systems – and that it didn’t notice the models had done so until an internal review prompted by rival OpenAI disclosing its models did the same. Anthropic said

By Brian Stelter, CNN (CNN) — The eight local ABC television stations targeted by President Donald Trump’s Federal Communications Commission have generated a staggering amount of public support in recent weeks. ABC says the reason is clear: Supporters across the ideological spectrum “share a fundamental commitment to free speech and press freedom.” In a new

By Samantha Delouya, CNN (CNN) — Five months into the war in Iran, rising oil prices and stubborn inflation are driving mortgage rates to the highest level in a year. The average 30-year fixed mortgage rate climbed to 6.66% this week, the highest since July of last year, according to Freddie Mac. That’s up from