Money

By John Towfighi, CNN New York (CNN) — Stocks fell and global oil prices settled at $100 per barrel for the first time since 2022 as the effective closure of the Strait of Hormuz continued to roil markets. The major US stock indexes each closed lower by more than 1.5%, extending a recent bout of

By Elisabeth Buchwald, CNN (CNN) — Ever since the US and Israel struck Iran, the jump in oil and gas prices has become a major focus for markets and consumers alike. But that’s only the top of a long list of goods that stand to get more expensive. With oil prices shooting up, the cost

By John Liu, CNN Hong Kong (CNN) — In an era marked by US overseas military actions and trade turbulence, Chinese leader Xi Jinping is counting on a plan to shield his country from the storm: driving innovation to transform China into the world’s leading tech superpower. Over the next five years, China seeks to

By John Liu, Hanna Ziady, CNN Hong Kong/London (CNN) — Brent crude oil hovered around $100 a barrel Thursday, after Iran’s new leader said the Strait of Hormuz would remain shut and as further attacks on ships in the Gulf spooked energy traders. In comments delivered by an anchor on Iranian state television, Mojtaba Khamenei

By Harmeet Kaur, CNN (CNN) — This week, as the US and Israeli war against Iran continued to expand across the Middle East, traders and analysts have been fretting about “Brent” as if he’s an old, wayward friend: “Brent” got the highest anyone had seen in years on Monday. Later in the day, “Brent” fell

CNN By Elisabeth Buchwald, CNN (CNN) — Annual inflation was unchanged last month at 2.4%, according to the latest Consumer Price Index, released Wednesday. On a monthly basis, prices rose 0.3% in February, a faster pace than January’s 0.2%, according to the Bureau of Labor Statistics. The February inflation data was gathered before the United

By Chris Isidore, CNN (CNN) — Global oil prices have fallen well below their recent peak. But don’t expect to see relief at the pump in the coming days. The war in Iran virtually closed the Strait of Hormuz, choking off about a fifth of the world’s oil. However, oil prices tumbled by 12% on

By Elisabeth Buchwald, CNN (CNN) — Annual inflation was unchanged last month at 2.4%, according to the latest Consumer Price Index, released Wednesday. On a monthly basis, prices rose 0.3% in February, a faster pace than January’s 0.2%, according to the Bureau of Labor Statistics. The February inflation data was gathered before the United States

By Hanna Ziady, CNN London (CNN) — Member countries of the International Energy Agency unanimously agreed Wednesday to release 400 million barrels of oil into the global market – the largest release of emergency oil stocks in history – in a drastic move aimed at shoring up crude supplies and capping a surge in prices

By Hadas Gold, CNN (CNN) — Meta, the company behind some of the world’s most popular social media platforms, just scooped up a new site – for bots. Meta has acquired Moltbook, the social media network where AI agents interact with one another autonomously, the company said in a statement on Tuesday. Meta is competing

By Hanna Ziady, CNN London (CNN) — Oil prices fell sharply Tuesday after US President Donald Trump said the war with Iran would be over “very soon,” though they remain volatile and well above their levels before the conflict started. Also on Tuesday, the world’s biggest oil exporter, Saudi Aramco, warned of the war’s potentially

By Jeanne Sahadi, CNN (CNN) — The IRS is operating with roughly 27% fewer employees this tax filing season than it did last year. And, last July, a major new tax law took effect, containing many new provisions affecting individuals for tax year 2025. We checked in with some tax professionals to get a read

By Chris Isidore, CNN (CNN) — Investors rattled by the war in Iran have sent oil prices skyrocketing – and global governments have noticed. The world’s biggest economies are now considering emergency releases of millions of barrels of oil into the market. But while that might sound like a lot, experts say even tens of

By Tami Luhby, CNN (CNN) — President Donald Trump’s “big, beautiful bill” created several new tax measures that eligible taxpayers could claim this filing season. They include tax breaks on tips and overtime income, an enhanced deduction for senior citizens, a new deduction for car loan interest and a higher cap on state and local

By Phil Mattingly, Zachary Cohen, CNN (CNN) — The Trump administration is currently trapped between the specter of a global economic recession and a naval catastrophe. As the conflict with Iran intensifies, the world’s energy arteries are constricting to a point of “nonlinearity,” where every day the Strait of Hormuz remains closed doesn’t just double

By Matt Stiles, Tal Yellin, Byron Manley, Lou Robinson, Renée Rigdon, Annette Choi, Soph Warnes, Becky Pinnington, CNN (CNN) — Global oil and US gas prices are persistently high, even though traffic is flowing again in the Strait of Hormuz. Prices eased over the summer after the United States and Iran signed a peace plan

By Lisa Eadicicco, CNN (CNN) — Anthropic is suing the Department of Defense and other federal agencies on Monday over the Trump administration’s decision to label the AI company a “supply chain risk.” The lawsuit is the latest development in an ongoing standoff between the Pentagon and one of world’s most prominent AI companies as

By Jordan Valinsky, Hannah Rabinowitz, CNN New York (CNN) — Live Nation and Ticketmaster have reached a settlement with federal authorities over accusations the ticket giant’s business practices created a monopoly of the live events music industry. A senior justice official said in a briefing Monday that the agreement will give consumers more options and

By John Towfighi, CNN New York (CNN) — US stocks recovered losses Monday and oil prices plummeted after settling at their highest level since 2022, as the war with Iran continued to roil markets. It was a volatile 24 hours in markets. US crude oil prices soared to nearly $120 per barrel late Sunday before

By David Goldman, Matt Egan, CNN (CNN) — A historic disruption to the world’s oil production sent crude prices smashing through the $100 barrier Monday for the first time in nearly four years, before prices settled just below $100. The the war with Iran drags on, oil futures could have considerably more room to run

By Jordan Valinsky, CNN New York (CNN) — Struggling beer sales should spell doom for the world’s largest brewer. Anheuser-Busch InBev hasn’t gotten that memo. The company has emerged on the other side of a Bud Light boycott as a bright spot among an industry grappling with customers that are drinking less or ditching beer

CNN, MARINETRAFFIC, CNN TURK By Auzinea Bacon, David Goldman, CNN (CNN) — The price of oil kept climbing Monday, having surged past $100 per barrel Sunday, the first time it crossed that mark since Russia’s 2022 invasion of Ukraine. Brent crude, the global oil benchmark, neared $120 a barrel in early trade before paring some

By Auzinea Bacon, David Goldman, CNN (CNN) — The price of oil kept climbing Monday, having surged past $100 per barrel Sunday, the first time it crossed that mark since Russia’s 2022 invasion of Ukraine. Brent crude, the global oil benchmark, neared $120 a barrel in early trade before paring some of those gains to

By Chris Isidore, CNN (CNN) — American drivers notice soaring gas prices. But another fuel – diesel – is also on the rise, and at a much faster pace. While you’ve likely never bought a gallon of diesel, it’s still worth worrying about. That’s because much of the world’s economy – from consumer goods to

By Brian Stelter, CNN (CNN) — In a victory for Voice of America staffers, a federal judge ruled Saturday that Kari Lake unlawfully ran the US Agency for Global Media (USAGM) for several months last year. The mass layoffs and other actions undertaken during that time “are void,” US District Judge Royce C. Lamberth wrote.

By Elisabeth Buchwald, CNN (CNN) — A system to process at least $166 billion in tariff refunds could be up and running in 45 days. That’s the alternative to a manual process that could take 4 million hours, according to a senior US Customs and Border Protection executive. However, it’s still anyone’s guess as to

By Bryan Mena, CNN Washington (CNN) — The steep slowdown in hiring over the past year, largely due to the uncertainty sparked by President Donald Trump’s erratic tariff policy, has made it difficult for Americans to find work, especially recent college graduates. In 2024, young men were instrumental in handing Trump his electoral victory, according

By Oren Liebermann, CNN (CNN) — Every reporter in Israel — and every member of the public — is subject to a military censor. On national security grounds, the regulation authorizes the censor to prohibit reporting or broadcasting any material that could reveal sensitive information or pose a threat to the country’s security interests. This

By Bryan Mena, CNN Washington (CNN) — Spending at US retailers unexpectedly fell in January as consumer confidence languished and harsh cold weather buffeted various parts of the country. Retail sales declined 0.2% in January from the prior month, the Commerce Department said Friday, the biggest decline since May. January’s reading came in below expectations

By Alicia Wallace, CNN (CNN) — Hiring at US businesses unexpectedly plunged last month as employers shed an estimated 92,000 jobs, according to new data released Friday by the Bureau of Labor Statistics. The unemployment rate edged higher to 4.4% from 4.3%. Economists were expecting job growth to slow somewhat after a surprisingly strong January

By Hadas Gold, CNN (CNN) — Anthropic on Thursday said a Pentagon designation of the AI company as a “supply chain risk to America’s national security” won’t impact their business partners as heavily as Defense Secretary Pete Hegseth implied last week. Hegseth had announced in a post on X that, as a result of a

By John Towfighi, CNN New York (CNN) — Stocks sank, volatility picked up and oil prices surged to their highest level since mid-2024 as concerns about a prolonged war with Iran continue to roil markets. The Dow closed lower by 785 points, or 1.61%, recouping some losses in the afternoon after briefly falling more than

By Brian Stelter, Liam Reilly, CNN (CNN) — Paramount CEO David Ellison has pledged to support editorial independence at CNN, saying it “needs to be maintained,” amid widespread concern about his company’s plans for the news network. Last week, Ellison emerged victorious in a months-long battle for Warner Bros Discovery after Netflix pulled out of

By Samantha Delouya, CNN (CNN) — US mortgage rates didn’t stay below 6% for long. The average 30-year fixed mortgage was 6% for the week ending March 5, according to Freddie Mac – after war with Iran rattles financial markets. The yield on the 10-year Treasury, which mortgage rates closely follow, has climbed since President

By Alicia Wallace, CNN (CNN) — Economic uncertainty tied to President Donald Trump’s signature trade policies has led many small businesses to lay off workers, delay expansion plans or scale back production. ValenSil Technologies, for one, was growing at a pretty good clip heading into 2025. The Avon, Ohio-based aerosol filler expanded its manufacturing footprint,

By Samantha Delouya, CNN (CNN) — John Andrews, a South Carolina-based chef who runs a meal delivery service, estimates he drives over 100 miles every week to deliver fresh home-cooked meals to his clients. “The economy is killing me on food prices. And gas prices are tough now, too,” Andrews said. “It’s kind of a

By John Liu, CNN Beijing/Hong Kong (CNN) — China set its lowest economic growth target in decades on Thursday, announcing it would aim for 4.5-5% expansion in 2026 as the world’s second-largest economy grapples with weak domestic demand and an uncertain global outlook. The moderate projection follows three consecutive years of aiming for “around 5%”

By Brian Stelter, CNN (CNN) — A version of this article first appeared in the Reliable Sources newsletter. You can sign up for free here. Wednesday’s Pentagon press briefing by Defense Secretary Pete Hegseth and Gen. Dan Caine gave at least the appearance of transparency. But the military leaders mostly received kid-glove treatment from the

By Brian Stelter, CNN (CNN) — As CBS News plots an overhaul of its morning show, Gayle King has renewed her contract to remain at the network, a spokesperson confirmed Wednesday. “I’m excited about continuing at ‘CBS Mornings.’ As always, I’m open to new adventures here and ready to go,” King said in a statement.

By John Towfighi, CNN New York (CNN) — Oil prices Wednesday paused their recent surge, supporting a rebound in European and US stocks, as investors hold hope for limited long-term disruptions to energy markets and monitor developments in the Middle East. Global investors are digesting the market turmoil spurred by the US-Israeli war with Iran

By Lisa Eadicicco, CNN New York (CNN) — Apple on Wednesday launched the MacBook Neo, the company’s cheapest-ever new model. The MacBook Neo is the first Apple laptop to run on a chip typically used in the iPhone and starts at $599. It signals a fresh attempt to court Windows and Chromebook customers and ramp

By Hadas Gold, CNN (CNN) — Messages written in chalk covered the sidewalk outside OpenAI’s San Francisco offices Monday morning: “Where are your redlines?” “You must speak up.” “What are the safeguards?” The messages, according to social media and news reports, were written by activists. But some of those feelings are shared by many within

By Bryan Mena, CNN Washington (CNN) — Just as President Donald Trump looks set to install a Federal Reserve chair aligned with his desire for lower interest rates, the president’s war on Iran likely makes those rate cuts harder to deliver. Fed policymakers were already expected to keep their benchmark lending rate unchanged until at

By Jeanne Sahadi, CNN (CNN) — Anyone watching the stock market’s response to world events this week may be feeling a little uncertain about their investments. But if last year taught investors anything, it’s that volatility and dramatic drops in stocks from one day to the next are not reliable indicators of annual portfolio performance.

By Samantha Delouya, CNN (CNN) — Rising oil prices tied to the conflict in the Middle East could add another strain for US small businesses already struggling under the weight of stubborn inflation and President Donald Trump’s hefty tariffs. Rising costs for goods, services and wages were the most common financial challenge reported last year,

By Hadas Gold, CNN (CNN) — The AI company Anthropic was likely not in the public lexicon just a month ago. But it is now. The AI company has long been known within tech circles for its popular Claude AI assistant and coding tools. But a whirlwind sequence of events in February thrust the company

By John Towfighi, CNN New York (CNN) — Global stocks closed lower Tuesday after a volatile day that saw the Dow briefly tumble by more than 1,200 points as concerns linger among investors that the widening conflict in the Middle East could escalate further. The Dow closed lower by 404 points, or 0.83%, paring earlier

By Nathaniel Meyersohn, CNN Minneapolis (CNN) — The new Target CEO believes adding new, buzzy brands can win back shoppers after a brutal few years. CEO Michael Fiddelke said Tuesday that Target will improve its products and redesign stores to draw shoppers and “get Target back to growth.” The company is trying to bring back

By John Towfighi, CNN New York (CNN) — The US war with Iran rippled through markets Monday: Oil spiked. Investors piled into gold and the US dollar. But stocks…shrugged? Barely a week earlier, a fictional “macro memo from 2028” hypothesizing on how AI could disrupt the economy sent the Dow down 800 points. Behold the

By Harmeet Kaur, CNN (CNN) — Two months ago, Kaeden Rowland was just a print specialist at a Staples in upstate New York: bored at work, looking for subjects for her TikTok account and wondering how to inform the masses about the office supply chain’s services and products. So on January 13, while on the

By Liam Reilly, CNN (CNN) — It’s not TV. It’s HBO — and also Paramount+. During Paramount’s first investor call since emerging victorious in the bidding war for Warner Bros. Discovery, CEO David Ellison shared that following the merger, Paramount+ and HBO Max will join to form a single streaming platform. “We will combine the

By Lisa Eadicicco, CNN (CNN) — Apple announced Monday a lower-priced version of the iPhone 17, expanding its smartphone lineup as it relies on its blockbuster product to stave off concerns the company is falling behind in artificial intelligence. The iPhone 17e, which starts at $599, is a pared-back version of the pricier iPhone 17.

By John Towfighi, CNN New York (CNN) — Oil prices surged, US stocks erased earlier losses and gold rose Monday as financial markets digested concerns about a broadening war with Iran. Investors are bracing for volatility in global energy markets as developments unfold in the Middle East. While markets saw sharp moves, the volatility so

By Brian Stelter, CNN (CNN) — President Donald Trump is coming under increasing pressure to explain his military campaign in Iran to the American people. So far, the president has not delivered a prime-time address or held a press conference. He ignored shouted questions from reporters as he flew from Florida to Washington on Sunday.

By Chris Isidore, Matt Egan, CNN (CNN) — The attacks on Iran are already sending gasoline prices higher, and even steeper increases are probably coming soon. The average US price for a gallon of regular gas stands at just under $3 Monday, according to AAA’s survey, which was taken at the nation’s gas stations on

By Matt Egan, CNN New York (CNN) — Ashley loves her day job teaching math, reading and science to fifth graders in Washington state. But like many other teachers, Ashley relies on a side hustle or two to get by. When she’s not in the classroom, Ashley works as a spray tanner at night during

By Lisa Eadicicco, CNN (CNN) — The next wave of tech devices may not have a screen. You might not realize that they’re recording you. And you might not even realize they’re tech gadgets at all. Qualcomm, whose chips power smartphones from major Android device makers, launched a new chip Monday for new products along

By Brian Stelter, Kit Maher, CNN (CNN) — No senior Trump administration officials or cabinet members appeared on the Sunday show television circuit a day after the US and Israel began a major military operation in Iran, killing Iran’s Supreme Leader Ayatollah Ali Khamenei. The absence of any Trump officials was noteworthy because many administration

By Auzinea Bacon, CNN (CNN) — Berkshire Hathaway (BRK.B), which wrapped up its final year under Warren Buffett’s leadership, reported Saturday that operating earnings for the fourth quarter totaled $10.2 billion, down 29.8% from last year, on weakness from its insurance business. Last year’s operating earnings totaled about $44.5 billion, down 6% from the previous

By Auzinea Bacon, CNN (CNN) — We’ve been talking about AI changing the world for a long time. But this week felt different — as if it were right in the middle of something big. The stock market tumbled — three separate days — because of investors’ both bearish and bullish fears about AI, including

By Hadas Gold, CNN (CNN) — OpenAI CEO Sam Altman announced late Friday that the company had signed a deal with the Pentagon for its AI tools to be used in the military’s classified systems, but with seemingly similar guardrails rival Anthropic had also requested. The deal with OpenAI comes the same day President Donald

By Hadas Gold, CNN (CNN) — ChatGPT maker OpenAI has the same redlines as Anthropic when it comes to working with the Pentagon, an OpenAI spokesperson confirmed to CNN. That means even if the Pentagon decides to cancel its Anthropic contract in favor of OpenAI, it’ll have to contend with the same concerns over the

By Clare Duffy, Samantha Delouya, CNN New York (CNN) — Kaley started using YouTube at the age of 6, downloading the app on her iPod Touch to watch videos about lip gloss collections and the online kids game Animal Jam. She posted her first video when she was 8 — in it, she played Animal

By Brian Stelter, CNN (CNN) — Viewers and readers of CNN might be wondering the same thing that CNN employees are asking right now: What will Paramount’s ownership mean? Answers are in short supply. Paramount executives have privately talked about the prospect of combining its CBS News unit with CNN. They have also praised CNN’s

By Alicia Wallace, CNN (CNN) — The prices businesses pay to each other took a sharp turn higher in January, new data showed Friday, indicating that more tariff-related price increases could be still to come. The Producer Price Index rose 0.5% last month, a pickup from December’s 0.4% rate, according to the latest data from

By John Towfighi, CNN New York (CNN) — Technology stocks aren’t carrying the market like they used to — but investors can protect their portfolios during the volatility. After years of powering the market on the promise of revolutionizing productivity, tech and AI stocks have hit a lull. It’s been four months since the tech-heavy

By Stephanie Yang and Wayne Chang, CNN Taipei, Taiwan (CNN) — A global shortage in memory chips sparked by artificial intelligence has dealt a “tsunami-like shock” to the smartphone industry, pushing prices to all-time highs, according to a new report. A worsening shortfall of memory components is expected to put phone manufacturers out of business

By Hadas Gold, CNN (CNN) — The Trump administration ordered federal agencies and contractors that work with the military to cease business with Anthropic after the company refused to allow the Pentagon to use its artificial-intelligence technology without restrictions. Government agencies, including the Pentagon, have six months to phase out use of Anthropic’s products, President

By David Goldman, CNN (CNN) — Less than a year ago, David Ellison was the head of a small production company. Now, he’s on the verge of becoming the king of Hollywood. The Paramount Skydance CEO emerged victorious Thursday night in a bidding war for Warner Bros. Discovery. It was a prize Paramount desperately needed

CNN By Hadas Gold, CNN (CNN) — Anthropic is rejecting the Pentagon’s latest offer to change their contract, saying the changes do not satisfy the company’s concerns that AI could be used for mass surveillance or in fully autonomous weapons. The Pentagon and Anthropic are at odds over restrictions the company places on the use

By Brian Stelter, CNN (CNN) — Savannah Guthrie intends to return to work at NBC’s “Today” show at some point, according to two sources close to the network. When that might happen is highly uncertain, and completely up to Guthrie, given this month’s agonizing and all-consuming search for her mother Nancy. But word of Guthrie’s

By Hadas Gold, CNN (CNN) — Anthropic is rejecting the Pentagon’s latest offer to change their contract, saying the changes do not satisfy the company’s concerns that AI could be used for mass surveillance or in fully autonomous weapons. The Pentagon and Anthropic are at odds over restrictions the company places on the use of

CNN By Brian Stelter, CNN (CNN) — Paramount emerged as the victor in the months-long battle for Warner Bros. Discovery after Netflix backed out of the bidding war Thursday, leaving Paramount poised to acquire Warner’s vast media empire, including CNN. Netflix said it has “declined to raise its offer for Warner Bros.” after the Warner

By Ramishah Maruf, CNN New York (CNN) — Block, the company behind Square, Cash App and Afterpay, is cutting its staff by 40%. The reason: “intelligence tools,” according to a letter to shareholders by co-founder Jack Dorsey. Dorsey thinks most companies will follow suit in the near future. The company is laying off more than

By Brian Stelter, CNN (CNN) — Paramount emerged as the victor in the months-long battle for Warner Bros. Discovery after Netflix backed out of the bidding war Thursday, leaving Paramount poised to acquire Warner’s vast media empire, including CNN. Netflix said it has “declined to raise its offer for Warner Bros.” after the Warner Bros.

By Jordan Valinsky, CNN New York (CNN) — Papa Johns is the latest pizza chain to close hundreds of locations following a tough quarter as customers pull back on spending. The company revealed during Thursday’s earnings call that approximately 300 underperforming restaurants in North America will close by the end of 2027, with about 200

By Samantha Delouya, CNN (CNN) — US mortgage rates dropped below 6% this week, cracking a key threshold after years of punishing borrowing costs that sidelined millions of would-be buyers. On Thursday, the average 30-year fixed mortgage rate fell to 5.98% for the first time since 2022, according to Freddie Mac. Homeowners who secured rock-bottom

By Hanna Ziady, CNN London (CNN) — A month ago, Børge Brende interviewed US President Donald Trump following his address to government and business leaders in Davos, Switzerland. On Thursday, the president and CEO of the World Economic Forum, which organizes the annual gathering in the Swiss alps, announced he was stepping down following an

By Lisa Eadicicco, David Goldman, CNN (CNN) — Anthropic has reached a familiar crossroads for a growing tech company: how to scale without compromising the principles that set it apart. The AI company has made safety its guiding principle. It advocated for AI regulation and called for worker protections as AI replaces some human tasks.

By Jeanne Sahadi, CNN (CNN) — President Donald Trump in his State of the Union address Tuesday briefly mentioned his intention to help private-sector workers save for retirement if they don’t have access to an employer-sponsored plan. “Half of all of working Americans still do not have access to a retirement plan with matching contributions

By Lisa Eadicicco, CNN (CNN) — Artificial intelligence is starting to change the way people work, find information and even form social relationships. Yet very little has changed about the devices people often use to access AI: smartphones. Samsung wants to change that with its Galaxy S26, a new series of smartphones announced Wednesday. The

By Matt Egan, CNN (CNN) — Economist and former Treasury Secretary Larry Summers announced plans on Wednesday to retire from his professorship at Harvard University at the end of the academic year amid scrutiny over his ties to convicted sex offender Jeffrey Epstein. In a statement, Summers described the retirement as a “difficult decision” and

By Clare Duffy, Lisa Eadicicco, CNN (CNN) — Anthropic, a company founded by OpenAI exiles worried about the dangers of AI, is loosening its core safety principle in response to competition. Instead of self-imposed guardrails constraining its development of AI models, Anthropic is adopting a nonbinding safety framework that it says can and will change.

By Samantha Delouya, CNN (CNN) — Roofers are turning down jobs. Painters are locking themselves inside the homes they’re finishing. Concrete crews have monthslong waiting lists. In the Twin Cities and surrounding suburbs, the Trump administration’s immigration crackdown has slowed home construction to a crawl – at a time when Minnesota, like much of the

By Brian Stelter, Jordan Valinsky, CNN New York (CNN) — Paramount has officially raised its offer for Warner Bros. Discovery, CNN’s parent company, to $31 per share, and now the WBD board says it is extending the window for talks with Paramount about a possible deal. In addition to the higher price per share, Paramount

By Matt Egan, Priscilla Alvarez, CNN (CNN) — The Trump administration is weighing a new requirement for US banks to verify citizenship information of current and future customers as part of the president’s aggressive immigration crackdown, sources told CNN. The potential action, which one source said could take the form of an executive order, has

By Chris Isidore, CNN (CNN) — Spirit Airlines, which had been in danger of going out of business due to ongoing losses and two bankruptcy filings, has reached a deal that will allow it to survive, albeit as a smaller company. The budget airline announced Tuesday that it made an agreement with creditors that will

By Matt Egan, CNN New York (CNN) — Former US Senator Bob Kerrey has resigned from the board of directors of a Nebraska clean-energy startup amid controversy over his ties to convicted sex offender Jeffrey Epstein. Kerrey, a Democrat who also served as Nebraska’s governor in the 1980s, joins a growing list of business leaders

By Hadas Gold, Haley Britzky, CNN (CNN) — Defense Secretary Pete Hegseth gave Anthropic CEO Dario Amodei a Friday deadline to comply with demands to peel back safeguards on its AI model or risk losing a Pentagon contract. He also threatened to put the AI company on what could amount to a government blacklist. At

By Hadas Gold, CNN New York (CNN) — Just weeks after its new AI tools for the office shook software stocks, Anthropic is pushing even deeper into the workplace. The company is updating its Claude AI helper to perform better at tasks for specific jobs, such as design, human resources and wealth management roles, while

By Chris Isidore, CNN (CNN) — JPMorgan Chase CEO Jamie Dimon warned Monday that current financial conditions and banks doing “dumb things” like taking on risky loans could lead to a market meltdown similar to the one before the 2008 financial crisis. “There will be a cycle one day,” he said, “I don’t know what

By Jeanne Sahadi, CNN (CNN) — The surge of federal immigration agents in Minnesota over the past few months left many people not only traumatized but financially hard up. People lost income because they were too afraid to go to work or their breadwinner was taken by agents of US Immigration and Customs Enforcement or

By Elisabeth Buchwald, CNN (CNN) — The government is on the hook to refund $134 billion – and counting – worth of tariff revenue collected from President Donald Trump’s most sweeping tariffs, which were rendered illegal by the Supreme Court last week. How much of that will consumers, who paid for steep tariffs via higher

By John Liu, CNN (CNN) — United States artificial intelligence firm Anthropic is accusing three prominent Chinese AI labs of illegally extracting capabilities from its Claude model to advance their own, claiming it raises national security concerns. The Chinese unicorns – DeepSeek, Minimax and Moonshot AI – created over 24,000 fraudulent accounts and trained their

By Ramishah Maruf, Liam Reilly, CNN New York (CNN) — Celebrity doctor Peter Attia has resigned from his new contributor position at CBS News following new revelations about his relationship with Jeffrey Epstein. “Dr. Attia’s contributor role was newly established and had not yet meaningfully begun,” a spokesperson for Attia said in a statement. “As

By Clare Duffy, CNN New York (CNN) — Meta executives testified in a Los Angeles courtroom earlier this month that while use of the company’s platforms could become problematic, it couldn’t be considered addiction. But inside the company, researchers have sought to study whether certain Facebook features could contribute to “addiction” or “addictive’-like” behaviors among

By Alicia Wallace, CNN (CNN) — During the past year, President Donald Trump has imposed sweeping and steep tariffs on most imported goods with the intent to reduce trade deficits and bolster US-based manufacturing. The near-term effects have been monumental both in and outside of the United States by reshaping global trade, raising the effective

By John Towfighi, CNN New York (CNN) — Stocks fell, gold moved higher and volatility picked up Monday as uncertainty about President Donald Trump’s new proposed tariffs and nerves about artificial intelligence weighed on Wall Street. The Dow closed lower by 823 points, or 1.66%, and posted its worst day in one month. The broader