CNN – Business/Consumer

By Hadas Gold, CNN (CNN) — AI company Anthropic has disabled customer access to its most capable systems after the US government ordered it to suspend all use by foreign nationals, Anthropic said in a statement Friday evening. The move is the latest in a series of adverse Trump administration actions targeting the company. The

By Lisa Eadicicco, CNN (CNN) — Siri is finally getting the big AI upgrade Wall Street has been waiting for. But it’s just the beginning. Apple on Monday announced Siri AI, a major revamp the company hopes will thrust its roughly 15-year-old digital assistant into the spotlight alongside OpenAI’s ChatGPT and Google’s Gemini. The new

By Ramishah Maruf, CNN New York (CNN) — SpaceX’s highly anticipated IPO has officially lifted off. Wall Street rejoiced, everyday investors placed so many buy orders it caused outages on Robinhood for a bit, and the world’s richest man became the world’s first trillionaire. Shares of Elon Musk’s rocket and AI company (SPCX) settled at

By Brian Stelter, CNN (CNN) — The Trump administration has given the green light for Paramount Skydance to take over Warner Bros. Discovery in a mega-merger that will reshape Hollywood. Friday afternoon’s sign-off by the Department of Justice, while expected, was a key step in Paramount’s quest to acquire CNN, HBO, the Warner Bros. movie

By Bryan Mena, CNN Washington (CNN) — Consumer sentiment may finally be recovering after falling to historic lows due to wartime price spikes. The University of Michigan’s latest survey of Americans, released Friday, showed that sentiment rose 9% to a preliminary reading of 48.9 early this month, the first increase since February, before the United

By David Goldman, CNN (CNN) — Cushing, Oklahoma, dubs itself the pipeline crossroads of the world. The tagline is emblazoned on a giant roadside sign fashioned out of pipes on the corner of Main Street and South Stiles Road. It has a valve and everything. But it’s not just a slogan. In 1912, Tom Slick

By Clare Duffy, CNN New York (CNN) — New data center construction projects are springing up across the United States, as the tech industry seeks to meet huge computing demand to power artificial intelligence and the massive volume of content now stored online. Tech leaders have said the projects will bring jobs and other benefits

By Bryan Mena, CNN Washington (CNN) — Inflation hit its highest level in three years last month, according to fresh data released this week — but new Federal Reserve Chair Kevin Warsh wants the central bank to focus on different measures. “The measures I prefer are looking at things that are called trimmed averages,” he

By Alicia Wallace, CNN (CNN) — US consumers are facing the fastest price inflation they’ve seen in three years. It likely hasn’t yet peaked. New data Thursday showed that input costs for American businesses are still rising quite rapidly as the Iran war’s oil shock continues to ripple through the economy. The Producer Price Index,

By Clare Duffy, CNN New York (CNN) — Spotify has removed tens of thousands of phony podcasts promoting illegal online pharmacies, a new investigation has found, after reports from CNN and other news outlets exposed the issue last year. Last May, Spotify said it had removed dozens of podcasts identified by CNN that blatantly promoted

By Brian Stelter, CNN (CNN) — Top CNN journalists vowed to uphold founder Ted Turner’s legacy at a Warner Bros. Discovery event honoring the maverick businessman on Wednesday. The Atlanta gathering of executives, employees and alumni was organized after Turner died last month at the age of 87. Speakers from TNT Sports, Turner Classic Movies

CNN By Brian Stelter, CNN (CNN) — Top CNN journalists vowed to uphold founder Ted Turner’s legacy at a Warner Bros. Discovery event honoring the maverick businessman on Wednesday. The Atlanta gathering of executives, employees and alumni was organized after Turner died last month at the age of 87. Speakers from TNT Sports, Turner Classic

By Marshall Cohen, CNN (CNN) — The Trump administration on Wednesday proposed a set of new federal regulations for prediction markets that appear to largely leave the booming industry intact. Importantly, the new rules would continue to allow most sports-related markets. A large majority of trades on prediction sites like Kalshi and Polymarket comes from

By Samantha Delouya, CNN (CNN) — For years, many first-time buyers saw fixer-uppers as one of the few affordable ways into homeownership: buy a cheaper house, renovate it over time, and build equity along the way. But recently, that calculation has become more complicated. Renovation costs have climbed as inflation, tariffs and construction labor shortages

By Alicia Wallace, CNN (CNN) — Annual inflation rose to a three-year-high of 4.2% in May, underscoring how elevated energy prices are rippling through the US economy, according to new data from the Bureau of Labor Statistics. Prices rose 0.5% on a monthly basis, driven higher by the US-Israeli war with Iran, the latest Consumer

By John Towfighi, CNN New York (CNN) — Stocks swung in volatile trading Tuesday as investors sold AI-related names, rotated into other sectors and took profits after a strong rally in recent months. The tech-heavy Nasdaq Composite opened higher before dropping more than 3.6% in a rapid reversal during trading. But investors stepped in to

By John Towfighi, CNN (CNN) — Since hitting a record high of $126,000 last fall, bitcoin has dropped to just above $60,000 amid waves of selling. That has erased more than $1.2 trillion in market cap in eight months and wiped out all gains across President Donald Trump’s second term. On Friday, bitcoin touched its

By Ramishah Maruf, CNN New York (CNN) — The screwworm, a flesh-eating parasite and longtime foe of American ranchers, is back in US cattle after decades. The US Department of Agriculture confirmed at least three infected cattle Texas this week. The beef industry has already been grappling with the smallest cattle herd in 75 years

KEYE, TEXAS FARM BUREAU, USDA, CNN By Ramishah Maruf, CNN New York (CNN) — The screwworm, a flesh-eating parasite and longtime foe of American ranchers, is back in US cattle after decades. The US Department of Agriculture confirmed at least three infected cattle Texas this week. The beef industry has already been grappling with the

By Matt Egan, CNN New York (CNN) — One of the biggest mysteries of the global economy is why the oil market has remained so calm during one of the greatest supply shocks in history. The Strait of Hormuz has been paralyzed by three months of war — a nightmare scenario that few thought was

By Lisa Eadicicco, Clare Duffy, CNN New York (CNN) — OpenAI has confidentially filed for an initial public offering, setting it up for what may be the most highly anticipated market debut in recent history and a massive payday for early investors. The decision comes just after OpenAI’s chief rival Anthropic announced plans to go

By Samantha Delouya, CNN (CNN) — Sam Bankman-Fried, the former crypto billionaire who orchestrated one of the largest financial frauds in history, officially asked President Donald Trump for a pardon, according to the Justice Department’s website. Bankman-Fried, 34, co-founded the disgraced crypto exchange FTX and was sentenced to 25 years in prison in 2024. Bankman-Fried’s

By Alicia Wallace, CNN (CNN) — Americans haven’t been this gloomy about their household finances in years – and they expect it’ll only get worse, new survey data showed Monday. The share of Americans who said their financial situation in May was “somewhat worse off” or “much worse off” than a year ago was the

By Hanna Ziady, CNN London (CNN) — Driverless cars will soon be available for public use in London, a first for the British capital that brings vehicles powered by artificial intelligence to one of the world’s most congested cities. The launch marks the beginning of British-born Wayve’s global rollout of robotaxis, which will extend to

By Jordan Valinsky, CNN New York (CNN) — Forget ticket sales and geopolitical tensions. The World Cup might face another hurdle: A years-long decline in drinking. A massive global sporting event should be a celebration for the alcohol industry, as people cram into bars or throw watch parties at home. Anheuser-Busch InBev, Heineken, Molson Coors

By Lisa Eadicicco, CNN (CNN) — Apple on Monday announced an all-new version of Siri during its Worldwide Developers Conference, a move that could bring its roughly 15-year-old digital helper up to speed with rivals like ChatGPT and Google’s Gemini. The tech giant also announced performance improvements for its iPhone, Mac and iPad software and

By Wayne Chang, CNN (CNN) — When Lip-Bu Tan took the helm of Intel in March 2025, the company was in desperate need of a turnaround. For years, the Silicon Valley-based semiconductor pioneer had been struggling to maintain its market-leading position as a chipmaker, having lost ground to Nvidia, AMD and Qualcomm. Meanwhile, Taiwan Semiconductor

By Ramishah Maruf, CNN New York (CNN) — A Lancome employee recently swabbed under my eyes and took a hyper-zoomed photo of my forehead, already shiny and flaking. Then she inserted my protein samples into the company’s Cell BioPrint machine, which gave its verdict in horrifying, flashy red letters: I was suffering from accelerated aging.

By Chris Isidore, CNN (CNN) — Elon Musk just became the world’s first trillionaire after SpaceX, his rocket and AI company, went public on Friday. It’s a staggering amount of wealth never seen before in the history of human commerce. Musk, the world’s richest man even before SpaceX’s IPO, already owns about $279 billion in

CNN By Brian Stelter, Andrew Kirell, CNN (CNN) — The three remaining “60 Minutes” correspondents told colleagues Friday that they will stay with the embattled newsmagazine for one stark reason: “We don’t want to see ‘60 Minutes’ die.” Lesley Stahl, Bill Whitaker and Jon Wertheim wrote in a joint memo that they were heartbroken over

By John Towfighi, CNN New York (CNN) — Investors sold stocks, bonds, bitcoin and gold Friday after strong jobs data raised odds for Federal Reserve interest rate hikes, and Wall Street wrestled with weakness in AI stocks. The S&P 500 fell 2.64%, its worst day since October. The index fell into the red for the

By Brian Stelter, Andrew Kirell, CNN (CNN) — The three remaining “60 Minutes” correspondents told colleagues Friday that they will stay with the embattled newsmagazine for one stark reason: “We don’t want to see ‘60 Minutes’ die.” Lesley Stahl, Bill Whitaker and Jon Wertheim wrote in a joint memo that they were heartbroken over the

CNN By Chris Isidore, CNN (CNN) — AI models are rapidly improving – so fast that they may soon be able to develop themselves without human involvement. That’s why Anthropic is warning the AI industry: It needs to build a “brake pedal,” or companies risk losing control of their creations. AI systems that can advance

By Chris Isidore, CNN (CNN) — AI models are rapidly improving – so fast that they may soon be able to develop themselves without human involvement. That’s why Anthropic is warning the AI industry: It needs to build a “brake pedal,” or companies risk losing control of their creations. AI systems that can advance themselves,

By Alicia Wallace, CNN (CNN) — The US labor market appears to have found its footing: The economy added 172,000 jobs in May, shattering expectations, new data from the Bureau of Labor Statistics showed Friday. The latest jobs report provided some reassurance that the US labor market may be stabilizing after a year of weak

By Samantha Delouya, CNN (CNN) — President Donald Trump tried – and failed – to end government control of mortgage giants Fannie Mae and Freddie Mac during his first term. Now, his decision to give Bill Pulte, the official charged with making that happen, a second, unrelated job as acting director of national intelligence is

By Brian Stelter, CNN (CNN) — With a shellshocked staff and several open correspondent offices, newly appointed executive producer Nick Bilton is trying to find a way forward for “60 Minutes.” On Thursday, Bilton wrote a memo to staff trying to reassure them that he shares their values and vision. “The foundation of 60 Minutes

By Nathaniel Meyersohn, CNN New York (CNN) — Real estate developers spent millions to stop Zohran Mamdani from becoming New York City’s mayor, claiming his policies would destroy the city. Mamdani wants their help. Mamdani was elected on a platform of rent freezes and government-backed housing, proposing a $100 billion plan during the campaign to

By Alicia Wallace, CNN (CNN) — The labor market may be rousing from its slumber. Economists are expecting that Friday’s jobs report will show that the US economy added 105,000 jobs in May and the unemployment rate held steady at 4.3%. If Friday’s monthly total comes in as expected – and the prior months’ figures

By Chris Isidore, John Towfighi, CNN (CNN) — Elon Musk’s SpaceX unveiled plans on June 3 to raise $75 billion in an initial public offering of its stock that would value the company at roughly $1.77 trillion. The blockbuster debut could make Musk – already the world’s richest person – the first trillionaire. SpaceX plans

By David Goldman, CNN (CNN) — President Donald Trump pledged to restore his tariff regime after setbacks in the Supreme Court and other legal challenges. Now, he’s doing it — but not in the blustery, fly-by-the-seat-of-his-pants, all-caps-late-night-Truth-Social-post manner that once defined his tariff policy. Trump’s quiet, methodical, patient new approach to tariffs is on purpose.

By Lisa Eadicicco, CNN New York (CNN) — For at least a decade, tech giants have tried to develop computers that can handle complicated tasks on a user’s behalf. But those efforts have largely fallen flat, with assistants like Alexa and Siri mostly being used for things like setting alarms and playing music. Some of

By Matt Egan, CNN New York (CNN) — Tickets to the NBA Finals in New York are so hot that fans are spending thousands of dollars – even for nosebleed seats. The cheapest tickets to the New York Knicks home games at Madison Square Garden are selling for nearly $4,000 each, according to secondary marketplace

By Brian Stelter, CNN (CNN) — CBS News fired veteran “60 Minutes” correspondent Scott Pelley on Tuesday, one day after he sharply criticized the newsmagazine’s new leadership in front of the staff. CBS News editor in chief Bari Weiss said Wednesday that her leadership team had tried to reconcile with Pelley, but “we weren’t able

By Bryan Mena, CNN Washington (CNN) — Healthcare is one of the few industries still powering job growth in America. Last year, employers across industries added jobs at an unusually weak pace. Healthcare, however, has been an exception: For the past five years, the industry has been America’s top job creator and now makes up

By Clare Duffy, CNN New York (CNN) — People have been seeking out health information online since the dawn of the internet. And now, tens of millions of people are turning to artificial intelligence for questions they once asked “Dr. Google.” But the large language models behind most mainstream AI chatbots are trained on a

By Hadas Gold, CNN (CNN) — President Donald Trump on Tuesday signed an executive order seeking early government access for the most advanced AI models to weigh cybersecurity risks and protect critical infrastructure. The executive order comes as models like Anthropic’s Mythos have spooked government and Wall Street over security concerns. The order requests AI

By Alicia Wallace, CNN (CNN) — US businesses are brushing off those “Now Hiring” signs: Job openings rose sharply in April to their highest level in nearly two years, Bureau of Labor Statistics data showed Tuesday. However, the latest look at labor turnover also showed that those job postings aren’t necessarily turning into job offers

By John Towfighi, CNN (CNN) — AI companies’ plans for blockbuster initial public offerings (IPOs) are captivating Wall Street. Anthropic on Monday took a major step toward going public. Rival OpenAI is also expected to file for an IPO. Elon Musk’s SpaceX, which filed for an IPO in May, is slated to start trading on

By Vanessa Yurkevich, Chris Isidore, Matt Egan, CNN (CNN) — The most powerful shipping executives in the world are gathered in Athens this week for the annual International Shipping Exhibition. The hot topic: the Strait of Hormuz. President Donald Trump has said the strait’s reopening is imminent. Administration officials tout ships getting through the vital

By Brian Stelter, CNN (CNN) — CBS News management faced a fresh crisis on Monday after legendary “60 Minutes” correspondent Scott Pelley accused the network’s editor in chief Bari Weiss of trying to “kill” the acclaimed newsmagazine. Pelley made the comments during a tense meeting between the staff of “60 Minutes” and the program’s brand-new

By Hadas Gold, CNN (CNN) — Florida is suing OpenAI and its CEO Sam Altman, alleging they know ChatGPT is not safe, especially for minors. The state becomes the first to sue OpenAI over the alleged dangers of its product. “Sam Altman and ChatGPT have chosen the AI race over the safety and security of

By Clare Duffy, Lisa Eadicicco, Hadas Gold, CNN (CNN) — Anthropic on Monday said it filed plans for an initial public offering, setting it up for a share sale that could value the company in the trillion-dollar range as it races against rival OpenAI. The company has yet to determine how many shares it will

By Auzinea Bacon, CNN (CNN) — Think you know who’s going to win the World Cup? Think you know better than Goldman Sachs? Yes, that Goldman Sachs. Goldman Sachs, possibly the most buttoned-up of all the big investment banks, released a report on Friday led by chief economist and head of Global Investment Research, Jan

By Jordan Valinsky, CNN New York (CNN) — At 261 years old, Cognac brand Hennessy is starting to show its age. After a pandemic-era surge in demand, the amber-colored spirit is navigating a sobering reality. Consumers, particularly younger ones, are moderating their drinking or shifting toward premium tequila. As a result, exports from France’s Cognac

By Elisabeth Buchwald, CNN (CNN) — On paper, the job market looks pretty darn good. The 4.3% unemployment rate is below both the 10-year average of 4.6% and the 50-year average of 6.1%. For the second month in a row, the official government tally of jobs added blew past economists’ expectations. And the most recent

By Brian Stelter, CNN (CNN) — The biggest two movies in America right now, “Backrooms” and “Obsession,” come from twentysomething filmmakers who honed their craft on YouTube. Their films were made with relatively low budgets and were marketed online. Now that they’re filling theaters with teens and young adults who rarely show up at the

By Samantha Delouya, CNN (CNN) — A surprisingly competitive mayoral campaign from former reality television star Spencer Pratt has thrust some of Los Angeles’ economic anxieties into the national spotlight ahead of Tuesday’s nonpartisan primary election. Pratt has built his campaign around frustration with the city’s leadership and direction after the Pacific Palisades home he

By David Goldman, CNN (CNN) — In its 50-year history, Costco has never seen such demand for gas. Many of its stations have been so overwhelmed that they’ve had to call in tanker trucks multiple times a day to avoid running dry, Costco said this week during its quarterly earnings call. A growing number of

By Chris Isidore, CNN (CNN) — No airline is more likely than Frontier Airlines to benefit from the demise of Spirit. But no airline is more at risk of suffering the same fate. Financial problems and higher fuel costs tipped long-struggling budget airline Spirit over the edge when it went out of business on May

By Clare Duffy, CNN New York (CNN) — Four months after TikTok’s US assets were spun off into a new joint venture to avert a ban, Sen. Ed Markey says Americans still don’t have enough information about whether the deal addresses national security concerns related to the popular video app. Markey, a Massachusetts Democrat, on

By Clare Duffy, CNN New York (CNN) — A California mom says she was scammed out of thousands of dollars this month after receiving a call that sounded like her daughter in distress. She now suspects it was an artificial intelligence-generated hoax. She’s one of many who have been targeted by so-called “voice cloning” scams

By Stephanie Yang, CNN (CNN) — South Korean semiconductor giant SK Hynix became one of the few companies in the world with a $1 trillion market cap this week, as a global AI boom continues to propel chip stocks to record levels. The memory chip maker’s rise follows that of its competitors: Samsung Electronics and

By Brian Stelter, Liam Reilly, CNN (CNN) — ABC is laying the groundwork for a landmark First Amendment fight. On Thursday, ABC filed paperwork to renew its local TV station licenses “under protest in response to an unlawful, arbitrary, and unconstitutional order” by the Federal Communications Commission. ABC attached an extraordinary objection letter that accused

By Mustafa Qadri, CNN (CNN) — It’s deemed outrageously expensive, it’s insulting to existing owners and perhaps most damning of all – it looks like a Nissan Leaf. Those are just some of the unflattering comments directed at Ferrari’s first electric car, the Luce, since it was unveiled earlier this week by the legendary Italian

By Alicia Wallace, CNN (CNN) — High gas prices pushed up inflation again last month while adding to Americans’ financial strain: Households are saving at the lowest rate in nearly four years, a new report showed Thursday. The Iran war’s oil price shock lifted the Federal Reserve’s preferred inflation gauge to 3.8% in April from

By Brian Stelter, CNN (CNN) — CNN is suing Perplexity, accusing the AI company of unlawfully copying and distributing CNN’s content. Thursday’s lawsuit joins a long list of legal actions by publishers like The New York Times against generative AI startups. But it is CNN’s first AI copyright action and is thought to be the

By Hanna Ziady, CNN London (CNN) — Albert Manifold, the ousted chairman of BP, is refusing to leave quietly, creating a headache for the British oil giant as it seeks to move on from the latest bout of leadership upheaval. In a blistering response to his removal from the company Thursday, Manifold hit out at

By Matt Egan, CNN New York (CNN) — When he launched his presidential campaign in late 2022, then-candidate Donald Trump blasted his successor for aggressively releasing oil from America’s emergency stockpile ahead of the midterm elections. “The strategic national reserves, which I filled up, have been virtually drained in order to keep gasoline prices lower,

By Lisa Eadicicco, CNN (CNN) — It’s a tough job market for software engineering hopefuls. Tens of thousands of jobs cuts across the industry have increased competition for open spots. The rise of AI has spurred fears of cheating during interviews, and company priorities are changing as the tech evolves almost daily. But hiring managers

By Marshall Cohen, Elisabeth Buchwald, CNN (CNN) — When Andrew needed money for a flight with friends to Greece this summer, the 18-year-old high school senior turned to prediction markets. With a $500 cash advance from his credit card company, Andrew sat in a Starbucks for more than six hours, trading on live tennis matches

By Jeanne Sahadi, CNN (CNN) — There is a new app going live on Thursday for parents who set up Trump Accounts for their children, Treasury Secretary Scott Bessent said Wednesday. Bessent announced in a cabinet meeting on Wednesday that the app would be available “on all major platforms tomorrow morning,” and noted that nearly

By Jordan Valinsky, Brynn Gingras, CNN New York (CNN) — Astronomical prices for tickets to the upcoming World Cup soccer tournament have sparked an investigation by the attorneys general of New York and New Jersey. On Wednesday, New York Attorney General Letitia James and New Jersey Attorney General Jennifer Davenport jointly announced that they’re subpoenaing

By Alicia Wallace, CNN (CNN) — There’s been a “remarkable” increase over the past few years in Americans struggling to put food on the table, and that’s likely contributing to record-low consumer sentiment readings, new Federal Reserve Bank of New York research showed Wednesday. The New York Fed updated a 2020 analysis on the disproportionate

By Jordan Valinsky, CNN New York (CNN) — Lululemon has settled its high-profile feud with founder Chip Wilson, and the deal includes a clause preventing him from badmouthing the company for a year and a half. On Wednesday the struggling athleisure brand announced it had reached a “cooperation agreement” with Wilson, the company’s second largest

By David Goldman, CNN (CNN) — The clock is ticking for President Donald Trump to get a deal done with Iran. Or maybe it’s the other way around: Iran could be dealing with a ticking time bomb – in its own oil wells! With just days to go before they’re destroyed. That’s according to Trump,

By Matt Egan, CNN New York (CNN) — Markets are breathing a sigh of relief that the shaky US-Iran ceasefire survived the long weekend and progress is being made on a potential deal to end the war. US stocks are flirting with all-time highs and oil futures have backed away from $100 a barrel. And

By Auzinea Bacon, CNN (CNN) — K-pop group BTS made waves in March with their first concert together in nearly four years. Now the famed boy band is teaming up with Oreo, one of America’s most famous cookie brands, for a limited-edition flavor. Limited-edition releases help the more-than-century-old Oreo brand maintain its cultural relevance, and

By Hanna Ziady, CNN London (CNN) — BP said Tuesday it had dismissed its chairman Albert Manifold after less than a year in the role, citing “serious concerns” about “governance standards, oversight and conduct.” The surprise ouster marks the latest leadership turmoil at the British oil giant, which has seen several CEOs depart abruptly under

By John Towfighi, CNN New York (CNN) — The S&P 500 on Friday clinched its eighth straight weekly gain, the index’s longest winning streak since 2023. The reasons might sound familiar: strong corporate earnings and AI enthusiasm as investors look past concerns about the war with Iran. But in the bond market, bad vibes are

By Auzinea Bacon, CNN (CNN) — A new coffee chain may be headed to a town near you, and it’s not Starbucks or Dunkin’. Many Americans likely haven’t heard of 7 Brew, which has only been around since 2017 when it opened its first location in Rogers, Arkansas. The chain has since grown to over

By Chris Isidore, CNN (CNN) — Americans are packing the highways and airports this holiday weekend – even with gas and airfares significantly more expensive than last year. AAA projected that a record number of Americans are traveling this weekend, with 45 million either flying or driving at least 50 miles from home, up from

By Lisa Eadicicco, CNN (CNN) — There’s a simple reason Google is making sweeping changes to its iconic, decades-old search engine: users are making complicated requests. “People are asking much longer and harder questions that no longer have a clear response anywhere on the internet,” said Robby Stein, vice president of product for Google Search.

By Brian Stelter, CNN (CNN) — “The Late Show with Stephen Colbert” went out on a literal high note. Thursday night’s series finale was the most-watched weeknight episode of Colbert’s eleven-year tenure on the show, according to overnight Nielsen ratings. Colbert and co. averaged 6.a74 million viewers, even beating his first episode as host back

By Lucy Bayly, CNN (CNN) — Kevin Warsh was sworn in Friday at the White House as Chairman of the Board of Governors of the Federal Reserve System, succeeding Jerome Powell in one of the world’s most powerful economic positions. Warsh, 56, steps into the four-year role at a time of mounting uncertainty over inflation,

By Alicia Wallace, CNN (CNN) — Americans just loathe this economy. A closely watched measurement of US consumer sentiment fell to a fresh, all-time low in May, according to the latest survey from the University of Michigan. The May consumer sentiment index dropped for the third consecutive month, falling to 44.2 and landing below the

By Amy Gunia, CNN (CNN) — The repercussions of the Iran war have been felt globally, but the United Arab Emirates has suffered a more direct impact than most, targeted by missile and drone strikes. Those attacks have also threatened its image as a glamorous haven for tourists to the Middle East. Still, Abu Dhabi

By Hadas Gold, CNN (CNN) — Meta. Nike. Intuit. UPS. It seems every day a new company announces layoffs, often citing AI as the cause. AI is already reducing US monthly payroll growth by roughly 16,000 jobs in the past year, according to a recent Goldman Sachs report. Knowledge workers face the sharpest exposure, as

By Samantha Delouya, CNN (CNN) — For more than two years, David and Lindsay Lepinsky bid over asking price, waived contingencies and stretched their budget in central New Jersey’s brutally competitive housing market. Still, their offers kept getting passed over as homes sold for tens – and sometimes hundreds – of thousands of dollars above

By Jordan Valinsky, CNN New York (CNN) — Byron Allen got his first big break as a teenage comedian on Johnny Carson’s “The Tonight Show.” Nearly five decades later, he is returning to late night not just as a comic, but as a billionaire media mogul with a sprawling and unconventional empire. Allen owns The

CNN By Brian Stelter, CNN (CNN) — Stephen Colbert put on an emotional and existential final episode of “The Late Show” Thursday night, thanking his staff, studio audience and viewers for eleven years of laughs. Colbert walked on stage to deafening cheers at the Ed Sullivan Theater, where longtime friends and VIPs filled the rows

By Brian Stelter, CNN (CNN) — Stephen Colbert put on an emotional and existential final episode of “The Late Show” Thursday night, thanking his staff, studio audience and viewers for eleven years of laughs. Colbert walked on stage to deafening cheers at the Ed Sullivan Theater, where longtime friends and VIPs filled the rows of

By Samantha Delouya, CNN (CNN) — Turmoil in the bond market, fueled by the war with Iran, is sending US mortgage rates higher and threatening to make buying a home even more expensive. The average 30-year fixed-rate mortgage rose to 6.51% this week, reaching the highest level since August of last year, according to Freddie

By Hanna Ziady, CNN London (CNN) — The US Department of Commerce is awarding $2 billion to American quantum-computing companies — half of which will go to IBM — to bolster the buildout of super computers that could solve some of the world’s most pressing problems. The move comes amid growing investment into quantum computing

By Liam Reilly, CNN (CNN) — Netflix is taking another step toward becoming a live TV destination. The streaming giant announced Thursday that “The Breakfast Club,” the influential iHeartMedia morning show co-hosted by Charlamagne Tha God, DJ Envy and Jess Hilarious, will stream live on Netflix every weekday starting June 1. The move marks Netflix’s

By Ella Nilsen, CNN (CNN) — Extreme weather has impacted every corner of the US, from deadly floods to sweltering heat. For Americans, the changing climate has made protecting their homes increasingly important. Finding a “climate haven” in the United States has become more difficult with the warming planet. Storms can dump biblical amounts of

By John Liu, Yoonjung Seo, CNN Hong Kong/Seoul (CNN) — Samsung Electronics has become one of the leading beneficiaries of the global artificial intelligence boom. Surging demand for semiconductors has turned South Korea’s largest corporation into a $1 trillion company this year, propelling Seoul’s stock market to rank as the world’s sixth-largest. But one segment

By Hadas Gold, Kristen Holmes, CNN (CNN) — The White House on Thursday postponed plans for President Donald Trump to sign an executive order establishing a voluntary review process for artificial intelligence models before they’re released, according to a source familiar with the plans. Trump said he had delayed the EO signing because he “didn’t

By David Goldman, Chris Isidore, CNN (CNN) — SpaceX revealed its long-awaited plans to go public on Wednesday, shedding light on the finances and leadership of one of the largest, best-known and yet most secretive private companies in history. Elon Musk’s rocket and satellite company revealed previously undisclosed details, including its board members, sales, profit,

By Samantha Delouya, CNN (CNN) — A landmark housing affordability package moved one step closer to becoming law on Wednesday after winning bipartisan approval in the House of Representatives. The measure is an amended version of the 21st Century ROAD to Housing Act, which cleared the Senate in March. The bill, which won approval in