CNN – Business/Consumer

By Alicia Wallace, CNN (CNN) — The temporary truce in the war with Iran sent gas prices – and thus inflation – lower in June, providing some fuel for a crucial economic engine: the American consumer. The welcome readings, however, are likely temporary. Overall inflation fell in June for the first time in six years.

By Bryan Mena, CNN Washington (CNN) — The world’s largest economy lost steam heading into summer as red-hot demand for AI infrastructure widened the trade deficit, dampening growth. Meanwhile, Americans ramped up their spending in the quarter, a welcome sign for an economy that relies so strongly on consumption for growth. US gross domestic product,

By Allison Morrow, CNN New York (CNN) — Taco Bell’s parent company, Yum Brands, reported robust sales and profit in the second quarter. But more recent sales took a hit after the cyclospora outbreak plunged the company’s most important brand into a food-safety crisis. Sales at Taco Bell have fallen 2% from the end of

By Stephanie Yang, CNN Hong Kong (CNN) — With wildfires blazing and temperatures hitting record highs in Europe, one China-made product has never been hotter: air-conditioners. Europeans, who have been slower to adopt AC than those living in other parts of the world, are lining up outside stores and driving long distances in the hopes

By Samantha Delouya, CNN (CNN) — New York City is counting on office-to-apartment conversions to help relieve its housing shortage. But after structural problems earlier this month threatened a partial collapse at one of the city’s largest such projects, regulators have intensified scrutiny. Since then, three more Manhattan office conversion projects have been ordered to

By Jeanne Sahadi, CNN (CNN) — As it has done at every meeting this year, the Federal Reserve Open Market Committee on Wednesday decided to leave the central bank’s key overnight lending rate unchanged. The fed funds rate normally influences – directly or indirectly – movement in the interest rates consumers earn on their savings

By David Goldman, Hadas Gold, CNN (CNN) — An OpenAI test that escaped its cage and alarmed the AI and cybersecurity industry attacked more than just Hugging Face, the AI platform that initially appeared to be the sole victim of the virtual lab leak. OpenAI, in an update about its ongoing investigation of the incident,

By Rupert Neate, CNN (CNN) — The US government should ​not block Chinese artificial intelligence in an attempt to gain the upper hand in the race to develop the groundbreaking technology, Meta chief executive Mark Zuckerberg has told the Financial Times. Zuckerberg warned that a US ban on Chinese ​AI models would not be “an

By Bryan Mena, CNN Washington (CNN) — Federal Reserve Chairman Kevin Warsh is already getting the “family fight” he has called for, and he’s leaving it up to Wall Street to choose between dueling narratives. The Fed on Wednesday held its benchmark lending rate unchanged at a range of 3.5%-3.75% for the fifth consecutive meeting,

By John Liu, CNN (CNN) — China, which supplies the vast majority of the world’s humanoid robots, has suddenly been cut off from its largest export market as the US government moves to curb its reliance on foreign technology. On Tuesday, the Trump Administration banned new humanoid and quadruped robot imports from foreign manufacturers, saying

By Hadas Gold, CNN (CNN) — Top staffers from the biggest AI and technology companies urged the US government to slow the pace of artificial intelligence development so that safety and security measures can catch up in an open letter. The US government should support an international effort to develop tools that can “deliberately pace

By Brian Stelter, CNN (CNN) — CBS News is reaching beyond the usual TV news ranks as it races to reboot “60 Minutes” after a rash of firings two months ago. On Tuesday, the network announced two new correspondents and three new contributors to the top-rated newsmagazine. The biggest surprise of the bunch: New York

By Anna Cooban, CNN (CNN) — Johnson & Johnson has set aside $5.5 billion to resolve tens of thousands of US lawsuits alleging that its talcum powder-based products caused ovarian cancer. The pharmaceutical giant has offered to pay plaintiffs up to $3 billion in 2027, with any remaining payouts made after 2028. It said in

By David Goldman, CNN (CNN) — Boeing’s money pit of an Air Force One project just sank a little deeper. The company said it’s making a substantial effort to get the first of two presidential planes out the door – four years later and for billions of dollars more than initially promised. CEO Kelly Ortberg

By Lisa Eadicicco, CNN (CNN) — There are plenty of things you can lease: a car, an apartment or an office space, for example. Now you can add your next iPhone to that list. Apple is launching a new leasing program to make iPhones, Macs and other products feel more affordable at a time when

By Jeanne Sahadi, CNN (CNN) — If you’ve spent your career in the private sector, chances are you won’t get a pension in retirement. Not having that steady paycheck can make retirees nervous about spending the money they’ve squirreled away, especially given that Social Security will replace only 40% of pre-retirement income on average. But

By Alicia Wallace, CNN (CNN) — AI is raising prices for Americans – and not just electricity bills. Major technological innovations carry the potential to transform economies by creating opportunities, jobs and even new industries while supercharging productivity and growth. However, that promise of longer-term gains often is preceded by short- and medium-term pain. In

By Matt Egan, CNN New York (CNN) — The public is fed up with the high cost of living, and the Federal Reserve is once again under pressure to act. Kevin Warsh, the new Fed chairman, has vowed to get inflation back to 2%. Some investors suspect the Warsh-led Fed will show it’s serious about

Reuters (Reuters) — The US Federal Aviation Administration said on Monday that seats on hundreds of Boeing BA.N 737 MAX jets registered in the US may require inspections in case they were incorrectly installed and needed to be fixed. If not, the seats could injure passengers and crew members during an emergency landing or block

By Nathaniel Meyersohn, CNN New York (CNN) — The CEO of Cracker Barrel, who was “fired by America” after the public freaked out over its corporate redesign, is stepping down for real. Julie Masino will leave her role as CEO next month and stay on as a company advisor until October, Cracker Barrel said Monday.

By Bryan Mena, CNN Washington (CNN) — Federal Reserve officials have sent mixed signals on the path of interest rates as inflation concerns have intensified, fueling uncertainty about the outlook for the US economy. Policymakers will have a chance to clarify their thinking this week when they convene for their latest rate-setting meeting. Inflation slowed

By Lisa Eadicicco, CNN (CNN) — Picture this: On a normal workday, you and your coworkers walk around the office with tiny recorders clipped to your clothes. The glasses on your face nearly instantly identify what you see. Your bracelet records and analyzes all your conversations. This is the future tech companies envision in the

By Ramishah Maruf, CNN New York (CNN) — They see them rolling, but maybe they won’t be hating. Millennial parents are changing their minds about the minivan. A TikTok video shows off lounge-style chairs with built-in ottomans and 14-inch screens in the back of a Kia Carnival. Another proudly shows off a Toyota Sienna, proclaiming

By Alicia Wallace, CNN Hopkins, Minnesota (CNN) — It’s a breezy, 80-degree sunny day on Mainstreet here and, stretching down the block, there’s a line of people waiting to pick up pints of ice cream they ordered for about $15 a pop. Then again, it could be a blustery, below-freezing winter day on Mainstreet here,

By Brian Stelter, CNN (CNN) — Paramount says its takeover of CNN’s parent company, Warner Bros. Discovery, will be delayed for many months, and potentially well into 2027, due to pending lawsuits by state attorneys general and the Writers Guild of America. Paramount said in a Friday afternoon court filing that it has agreed not

By Brian Stelter, CNN (CNN) — Friday’s rescheduled White House Correspondents’ Dinner will be smaller and a bit more sober than the gala that was marred by gun violence last April. It will be held at a different hotel at a different time of the year. But the same rifts between Trump and the press

By Chris Isidore, CNN (CNN) — United Airlines is getting rid of some of its middle seats, the bane of any airline passenger. Last week, the airline announced it will block out two of the middle seats in the “economy plus” section of a new jet debuting this fall. That will give adjoining passengers a

By Anna Cooban, Hanna Ziady, CNN London (CNN) — Volkswagen took a sizeable knock to its profits during the second quarter as it considers cutting tens of thousands of jobs – part of its attempt to better compete against its Chinese rivals. The German automaker said it made €3.5 billion ($4 billion) in operating profit

By Stephanie Yang, Yoonjung Seo, CNN Seoul (CNN) — The AI gold rush is minting new fortunes, but the ex-wife of one of South Korea’s biggest tech titans has failed to win a greater share of his wealth as his company’s stock price has soared. In another twist in the long-running divorce case that’s captivated

By John Liu, CNN Hong Kong (CNN) — Remember DeepSeek? The Chinese artificial intelligence startup that rattled the US tech industry with its model that nearly matched leading rivals, trained at a fraction of the cost? China may have done it again. The latest Chinese AI model making waves was developed by a lesser-known startup

By Elisabeth Buchwald, John Liu, CNN (CNN) — Dozens of America’s trading partners, from Europe to China to India, now face new tariffs of 10% to 12.5% on goods shipped to the United States, according to the office of the US Trade Representative. The tariffs, announced Thursday, went into effect Friday morning. Goods from the

By Hadas Gold, CNN (CNN) — When biologists experiment on dangerous viruses, they do so under strict regulations to prevent leaks or escapes. But no such rules exist to prevent AI agents from similarly escaping – even though the consequences could be catastrophic. That’s not a theoretical concern: An OpenAI test model escaped its test

By Brian Stelter, Nina Giraldo, CNN (CNN) — The federal government says it will drop its subpoenas compelling New York Times reporters to testify about anonymous sources in a case that involved President Donald Trump’s claims about a Qatari-gifted Air Force One jet. The withdrawal came on Thursday at the end of a hearing in

By Tami Luhby, CNN (CNN) — A growing number of Amazon and gig economy workers earn so little that they rely on public assistance to put food on the table and obtain health coverage, a Government Accountability Office study released Wednesday found. The number of Amazon employees receiving food stamps and Medicaid in September nearly

By Alicia Wallace, CNN (CNN) — New applications for unemployment benefits haven’t been this low since 1969, fresh data showed Thursday. The number of first-time filings for unemployment benefits tumbled last week by 22,000 to an estimated 187,000 claims, marking the lowest seasonally adjusted tally since September 1969, according to the Department of Labor. Jobless

By John Towfighi, CNN New York (CNN) — Rising oil prices, persistent inflation fears and shifting expectations for rate hikes are rattling the world’s largest bond market, sending Treasury yields higher and pushing up borrowing costs for consumers. The 10-year US Treasury yield on Thursday rose four basis points, to 4.71%, its highest level since

By Nathaniel Meyersohn, CNN New York (CNN) — I knew when I emailed the Equinox manager complaining about the hulking, rarely used Nautilus machine that my gym obsession had gotten out of hand. “Since most people use that floor space for functional and strength training, would you guys be able to find another home for

By Hanna Ziady, CNN London (CNN) — The European Union has fined Google €890 million ($1 billion) for breaching rules designed to promote competition in digital services, the first time the company has been penalized under the bloc’s landmark Digital Markets Act (DMA). The fines highlight Europe’s resolve to rein in the power of Big

By Elisabeth Buchwald, Annette Choi, CNN (CNN) — If at first you don’t succeed, try, try again. That’s exactly what President Donald Trump is doing with tariffs. After the Supreme Court struck down his most sweeping import levies in February, the Trump administration has scrambled to find legal pathways to restore them. It has leaned

By Allison Morrow, CNN New York (CNN) — The most popular trade on Wall Street for the past couple of years has been a simple one: Buy Big Tech and ride the AI wave. But a more contrarian (and risky) strategy is making a comeback: short selling, or betting that a stock will go down.

By Clare Duffy, CNN New York (CNN) — Meta will avoid trial in a second lawsuit accusing it of intentionally addicting and harming a teen. The plaintiff dropped the case on Wednesday, days before trial was set to begin. A Florida teenager going by his initials, R.K.C., sued Meta, TikTok, YouTube and Snap in 2023,

By Elisabeth Buchwald, CNN (CNN) — Taco Bell’s business has taken a major hit after lettuce served at the chain was linked to the cyclospora outbreak. To win back wary customers, the company is now offering enchiritos and regular nacho fries for $1 each — items sans lettuce. The one-day-only deal announced Wednesday follows a

By Lianne Kolirin, CNN (CNN) — Elon Musk has said that his AI platform Grok Imagine will make a full-length, “historically accurate” film of the Odyssey in the coming months. The tech trillionaire made the statement on his social media platform X on Wednesday, just days after Christopher Nolan’s blockbuster version of the ancient Greek

By Hadas Gold, CNN (CNN) — OpenAI says some of its experimental AI models left a test environment with no human direction and hacked its way onto a different company’s real production systems while trying to “cheat” on a cybersecurity test. It’s one of the first publicly disclosed examples of an AI system autonomously breaching

By Lisa Eadicicco, CNN (CNN) — The nearly decades-long battle between Apple and Samsung for smartphone dominance may soon enter a new phase. Samsung on Wednesday introduced three new foldable phones, including a redesigned model called the Galaxy Z Fold 8 that it hopes will appeal to a broader audience. The fresh design comes at

By Chris Isidore, CNN (CNN) — Elon Musk is now a trillionaire. Is his next big move a merger between Tesla and SpaceX into a $3 trillion behemoth? Following SpaceX’s splashy record-setting public offering last month, that’s the big question on many investors’ minds. But Musk’s call with shareholders on Wednesday provided few answers. When

By David Goldman, CNN (CNN) — The Houthis’ blockade of the Bab al-Mandeb strait couldn’t have come at a worse time for the oil market. Iran’s proxies in Yemen have threatened to cut off a major bypass of the Strait of Hormuz, through which oil tanker traffic has slowed dramatically in recent days. So far,

By Anna Cooban, CNN London (CNN) — The temperature was 92 degrees Fahrenheit. The sweat, profuse. And I was walking toward an exhibition about the “obesity experience” on London’s bustling riverside funded by a $220 billion pharmaceutical company. It was day two of two. In a few hours’ time, the exhibition, designed as a maze,

CNN By Elisabeth Buchwald, Stephanie Yang, CNN (CNN) — President Donald Trump on Monday announced sweeping tariffs against Canada, threatening to reignite a trade battle with one of America’s closest allies and top economic partners. The 50% tariffs on certain Canadian goods, including electrical equipment and machinery, are among the steepest tariffs his administration has

By Elisabeth Buchwald, Stephanie Yang, CNN (CNN) — President Donald Trump on Monday announced sweeping tariffs against Canada, threatening to reignite a trade battle with one of America’s closest allies and top economic partners. The 50% tariffs on certain Canadian goods, including electrical equipment and machinery, are among the steepest tariffs his administration has levied

By Elisabeth Buchwald, CNN (CNN) — Americans are making fewer visits to food chains with lettuce-heavy menus as concerns mount over the cyclospora outbreak. Last week, the Food and Drug Administration and the Centers for Disease Control and Prevention linked lettuce served at some Taco Bell restaurants to the widespread outbreak of the diarrhea-causing parasite.

By Brian Stelter, CNN (CNN) — A federal judge has granted a temporary restraining order pausing Paramount’s takeover of Warner Bros. Discovery, CNN’s parent company. Judge Araceli Martínez-Olguín’s Monday ruling puts the media mega-merger on hold for two weeks while she considers a broader antitrust legal challenge brought by a coalition of 12 state attorneys

By Jordan Valinsky, CNN New York (CNN) — The future for big booze might be smaller — literally. Jameson maker Pernod Ricard, Patrón owner Bacardi Limited and Kendall Jenner’s 818 Tequila are just a few of the alcohol companies expanding their mini bottle selections. Shoppers looking to stretch a dollar are increasingly choosing smaller packages

By Chris Isidore, CNN (CNN) — The average price US drivers pay for a gallon of gas hit $4 on Monday, as fighting between the United States and Iran intensified, further disrupting oil flows through the Strait of Hormuz. The average price is now just above $4 a gallon, according to AAA. Gas first crossed

By Chris Isidore, CNN (CNN) — A quick glance at US electric vehicle sales might give the impression EVs are a niche product, unable to shake Americans’ love affair with gas-powered trucks and SUVs. The recent spike in gas prices did little to lift sales, and the elimination of some tax incentives last year cut

By Isabelle LaBianco (CNN) — Ice cream prices are cooling off at the cash register ahead of National Ice Cream Day. Even as summer heat drives up the demand for frozen treats, the average price of a half-gallon ice cream container in the US was below $6 last month, according to data released Tuesday by

By Lisa Eadicicco, CNN (CNN) — Google and Apple have a big leg up in the AI race: their control of billions of smartphones around the world. That’s according to the European Commission, which is now cracking down on what that means for AI assistants. Apple and Google have long dominated the smartphone market, combining

By Elisabeth Buchwald, CNN (CNN) — For generations, the formula for getting ahead in America seemed straightforward: Go to college, work hard, save your money, buy a home and climb the economic ladder. Today, that formula increasingly depends on something many Americans can’t control: whether their family has the financial means to help along the

By Hanna Ziady, CNN Manchester, England (CNN) — Britain badly needs its mojo back. Its economy is struggling, public services are strained and improvements in living standards have slowed to a crawl in recent decades. Political instability is the new normal, and the national mood is bleak. Could a healthy dose of hope from Andy

By Clare Duffy, CNN New York (CNN) — Meta is in talks with Anthropic about leasing computing capacity to the AI startup. It’s a move that could put the social media giant in competition with Amazon, Microsoft and Google in a new line of business: cloud computing. The conversation about a potential deal is still

By Brian Stelter, CNN (CNN) — Lawyers for the 12-state coalition trying to block the Paramount–Warner Bros. Discovery deal argued in court on Friday that a temporary restraining order (TRO) is necessary to stop the companies from completing the merger. Judge Araceli Martínez-Olguín also heard Paramount’s arguments against the TRO. As CNN reported earlier this

By Bryan Mena, CNN Washington (CNN) — Lower gas prices helped Americans feel more optimistic about the economy early this month, though that relief might be short lived if the conflict in the Middle East continues to intensify. The University of Michigan’s latest survey of Americans, released Friday, showed that consumer sentiment surged 10% early

By John Towfighi, Chris Isidore, CNN (CNN) — Stocks in Asia and the United States fell Friday after technological advances announced by a Chinese artificial intelligence company intensified concerns that the AI spending spree driving this year’s market rally could be at risk. Chinese startup Moonshot AI unveiled Kimi K3, a new open-source model that

By Jordan Valinsky, CNN Dallas (CNN) — The future of Chili’s looks a lot like its past. Red-leather booths, a staple of Chili’s restaurants in the 1990s, are coming back to dining rooms. So are the colorful tile tables, but without the grout that made them difficult to clean. And the walls will be adorned

By Samantha Delouya, CNN (CNN) — For years, buying a home in need of work was seen as a more affordable path to homeownership and building wealth. Home makeover shows dominated TV, house-flipping became a booming business, and first-time buyers embraced the idea of trading sweat equity for a lower purchase price. But lately, fixer-uppers

By John Towfighi, CNN (CNN) — Truth Social will sell Wall Street firms quicker access to market-moving posts from President Donald Trump, the company said on Thursday. Truth Social, owned by Trump Media & Technology Group (DJT), has become the president’s go-to place for announcing policy decisions. The president’s posts frequently move markets, from stocks

By Samantha Delouya, CNN (CNN) — Geopolitical tensions are rippling through America’s housing market, adding to the financial strain on homebuyers. This week, the average rate on a 30-year fixed mortgage climbed to 6.55% — its highest level in nearly a year — after renewed strikes in Iran rattled financial markets. The increase all but

By David Goldman, CNN (CNN) — US gas prices have rocketed higher during the on-again, off-again war with Iran. After a brief respite, the average price for gas has surged 15 cents in a week to $3.94 a gallon and appears headed north of $4 again. Diesel, which shows up in customers’ shipping costs, topped

By Phil Mattingly, CNN (CNN) — A Reporter’s Notebook from four cities, 5,000 miles, three dozen interviews and the people I can’t stop thinking about. We were a few minutes into a drive when Jolene Simecek said something that left me speechless. She was steering me through Parma, Ohio, narrating the new subdivisions as they

By Bryan Mena, CNN Washington (CNN) — Spending at US retailers last month was weaker than expected, despite the World Cup drawing tourists from around the world and online sales events. Retail sales rose 0.2% in June from the prior month, the Commerce Department said Thursday, down sharply from May’s revised 1% increase. That was

CNN, MAYO CLINIC, SCALE, GETTY IMAGES By Clare Duffy, CNN Rochester, Minn. (CNN) — Preparing to meet with a patient can require Mayo Clinic internal medicine physician Dr. Alexander Ryu to sort through dozens, or even hundreds, of pages of medical records. Many patients visit the renowned clinic looking for a third or fourth opinion,

By Clare Duffy, CNN Rochester, Minn. (CNN) — Preparing to meet with a patient can require Mayo Clinic internal medicine physician Dr. Alexander Ryu to sort through dozens, or even hundreds, of pages of medical records. Many patients visit the renowned clinic looking for a third or fourth opinion, carting with them unsorted documents from

By Stephanie Yang, Anna Cooban, Hanna Ziady, CNN (CNN) — The United States plans to impose a 25% tariff on some Brazilian imports from next week, after a yearlong investigation concluded that the country had engaged in “unfair” trade practices. It’s one of the first new tariffs to be imposed since President Donald Trump pledged

By Brian Stelter, CNN (CNN) — The New York Times has taken legal action to challenge unusual subpoenas issued to several of its reporters last week. The subpoenas, which attempt to compel the reporters to testify before a grand jury about their anonymous sources, were “abusive and improper” and should be quashed by a court,

By Ramishah Maruf, CNN New York (CNN) — Elon Musk’s xAI sued a user on Tuesday, alleging he used the Grok chatbot to create child sexual abuse materials. It’s one of the first lawsuits filed by a tech company against users who allegedly create explicit content with AI. Musk’s company alleged in the lawsuit that a

By Brian Stelter, Liam Reilly, CNN (CNN) — The Federal Communications Commission is changing its rules so that local TV station owners can get much, much bigger. The looming vote, which is likely to be challenged in court, is a long-sought victory for media moguls who are aligned with President Donald Trump and the Republican

By Brian Stelter, CNN (CNN) — Executives involved in the pending Paramount–Warner Bros. Discovery deal expect that a judge will hit pause on the takeover plan in the coming days. Officially, it’s anyone’s guess what the court will do in response to a request by 12 state attorneys general for a temporary restraining order (TRO).

By Bryan Mena, CNN Washington (CNN) — Federal Reserve Chairman Kevin Warsh faced intense grilling Wednesday from Democratic Sen. Elizabeth Warren, who demanded to know whether he had questioned a colleague about reports that she attended a meeting with bankers last month that may have violated Fed rules, fueling a heated exchange about ethics. The

By Elisabeth Buchwald, CNN (CNN) — Inflation at the wholesale level cooled last month, helped by a sharp drop in energy prices, according to data released Wednesday by the Bureau of Labor Statistics. On an annual basis, the Producer Price Index, which measures the prices businesses receive for their goods and services, slowed at a

By Stephanie Yang, John Liu, CNN Hong Kong (CNN) — China is struggling to offset economic challenges both at home and abroad, as its economy grew at a slower-than-expected pace in the second quarter of the year. On Wednesday, China’s National Bureau of Statistics said the economy grew 4.3% in the quarter ending June 30,

By Hadas Gold, CNN (CNN) — The White House is establishing a new AI cybersecurity clearinghouse to help coordinate cybersecurity defenses across critical infrastructure. Industries and critical infrastructure are racing to catch up with new AI models with increasingly advanced abilities that can find and exploit (but also defend against) cybersecurity vulnerabilities. Some AI companies

By David Goldman, CNN (CNN) — Just before the United States reimposed its naval blockade of Iranian ports Tuesday afternoon, Iran appeared to be readying blockade-busting vessels in the Persian Gulf that could attempt to evade US military forces. Twenty-three Iranian vessels operating inside the Strait of Hormuz are fraudulently flagged, recently turned their transponders

By Ramishah Maruf, Clare Duffy, CNN New York (CNN) — Apple avoided responsibility for the alleged circulation of child sexual abuse material on iCloud after a judge dismissed a lawsuit against the company on Tuesday. The onus should be on lawmakers to protect children instead, the judge said. The proposed class action was filed by

CNN By Bryan Mena, CNN Washington (CNN) — Federal Reserve Chairman Kevin Warsh on Tuesday offered his most detailed account yet of the sweeping changes he’s ushering in at America’s central bank and the philosophy behind them. Warsh appeared before the House Financial Services Committee to deliver the Fed’s semiannual Monetary Policy Report, a routine

By Bryan Mena, CNN Washington (CNN) — Federal Reserve Chairman Kevin Warsh on Tuesday offered his most detailed account yet of the sweeping changes he’s ushering in at America’s central bank and the philosophy behind them. Warsh appeared before the House Financial Services Committee to deliver the Fed’s semiannual Monetary Policy Report, a routine overview

By Elisabeth Buchwald, CNN (CNN) — The Trump administration says its trade fraud crackdown has already topped $1 billion in recoveries and alleged losses, less than a year after the launch of a task force dedicated to this initiative. The figure includes money recovered through criminal and civil cases, including penalties, settlements, restitution, asset forfeitures

By Chris Isidore, CNN (CNN) — Warren Buffett didn’t give anything to the Gates Foundation this year, instead directing nearly $6 billion in shares of Berkshire Hathaway to four foundations related to his own family. Buffett, who was a founding trustee of the Gates Foundation, started “The Giving Pledge” with Bill Gates and his then-wife

By David Goldman, CNN (CNN) — An extraordinary warning from IBM CEO Arvind Krishna sent shares plunging – on pace for their worst day in the 115-year-old company’s history. IBM (IBM) shares plunged 24% in premarket trading. Its worst day ever was October 19, 1987 – aka Black Monday – when shares fell 23.7%, mirroring

By Elisabeth Buchwald, CNN (CNN) — Since the US-Israeli war with Iran broke out, shipping companies have been calling for greater protection for vessels to safely cross through the Strait of Hormuz, a critical trade route that is controlled by Iran. President Donald Trump now says the United States can provide that — but in

By Brian Stelter, CNN (CNN) — Twelve states have sued to block Paramount’s takeover of Warner Bros. Discovery, CNN’s parent, kicking off a high-stakes antitrust battle that could impede the media mega-merger. California Attorney General Rob Bonta said the antitrust lawsuit, filed Monday in the Northern District of California, is necessary because “this merger would

By Brian Stelter, CNN (CNN) — For President Donald Trump, this latest leak hunt is really personal. Last week, reporters at The New York Times received subpoenas referencing “an alleged violation of federal criminal law” just two days after they published a story contradicting Trump’s claims about the new Qatari-gifted Air Force One. Journalists involved

By Lisa Eadicicco, CNN (CNN) — Thinking about buying a new laptop or game console anytime soon? Be prepared to pay up. Point the finger at the AI boom. Data centers have led to a surge in demand for memory, a critical piece of computer hardware that’s needed to quickly process information. While that’s good

By Chris Isidore, CNN (CNN) — Toyota announced last week it would do something other automakers have been reluctant to do – shift some production from Mexico to the United States. The Japanese automaker will soon build half of its best-selling midsize Tacoma pickups at an expanded plant in San Antonio, where it already builds

By Ramishah Maruf, CNN New York (CNN) — The CPAP Baddies assembled in Vancouver, Canada. The first official hangout for users of the sleep apnea treatment device was an influencer-style event hosted by medical company ResMed, complete with merchandise, hors d’oeuvres and a photobooth. At a podcast-style corner, a host asked the attendees, who scored

By Jon Sarlin, CNN (CNN) — This World Cup, a bunch of people decided to gamble millions on whether soccer superstar Cristiano Ronaldo would cry during a match. The bet, which happened on Polymarket, isn’t weird for the wild world of prediction markets. Like whether aliens will be announced by the US government, whether a

By Samantha Delouya, CNN (CNN) — The 21st Century Road to Housing Act, a bipartisan bill that aims to tackle housing affordability, officially became law early Saturday, despite a series of attempts by President Donald Trump to stall the legislation. Its passage signals that lawmakers recognize the frustration many Americans feel about the high cost

By Liam Reilly, CNN (CNN) — The New York Times filed a counterclaim Friday against the Equal Employment Opportunity Commission, accusing the agency of retaliating against the publication for its reporting via a race- and gender-based discrimination lawsuit. The countersuit follows an EEOC lawsuit filed in May on behalf of a White staffer, Bryant Rousseau,

By Lisa Eadicicco, Hadas Gold, CNN (CNN) — Apple sued OpenAI on Friday, alleging the AI company has stolen the iPhone maker’s trade secrets to develop its own yet-to-be-unveiled AI gadgets. In the suit, filed in the District Court of Northern California, Apple accuses OpenAI of trade secret misappropriation and breach of contract. OpenAI last

By Clare Duffy, CNN New York (CNN) — The European Commission says Meta must make significant changes to Facebook and Instagram to address the “addictive design” of the social media platforms. Features on the apps such as autoplay, infinitely scrolling feeds, personalized recommendations and push notifications could compromise users’ “physical and mental wellbeing,” the commission

By Chris Isidore, CNN (CNN) — Air fares aren’t coming down, Delta Air Lines said Friday, even though the cost of jet fuel has fallen sharply. In its second-quarter earnings report, the airline said its various measures of fares are up 11%-12% due to strong demand for travel, and that it sees “sustainability” in those