Money

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

By Chris Isidore, Matt Egan, CNN (CNN) — The price of diesel, the workhorse fuel that powers the world economy, topped $6 a gallon on Friday for the first time ever. The price point may be invisible to most American drivers, but will likely lead to higher costs for most things consumers buy. The national

By Stephanie Yang, CNN (CNN) — Work to rebuild trade routes destroyed by catastrophic flooding in Nepal has begun, with a new bridge across the Tadi River that the Nepali Army is calling the “bridge of hope.” Nepal will need a lot of it, as the country starts digging itself out of a disaster-related economic

By Brian Stelter, CNN (CNN) — James Talarico, the Texas Democratic Senate candidate, says the Trump administration is committing “the most dangerous form of cancel culture” by pressuring TV stations over their content. Talarico spoke out Thursday ahead of an interview with ABC late-night host Jimmy Kimmel, an outspoken opponent of President Donald Trump. “Now

By Hadas Gold, CNN (CNN) — The last few weeks have seen a deluge of news about AI – from models going rogue to doom predictions about how AI could cause the end of humanity. People in the AI industry often use terms like “AGI,” “superintelligence,” “alignment,” and “recursive self-improvement.” Those words may sound like

By John Towfighi, CNN New York (CNN) — Tightening global copper supply, robust demand from the AI boom and uncertainty over tariffs are all whipping up a frenzy for the red metal. It’s sending prices soaring to their highest levels ever. Copper futures traded in New York settled at $6.89 per pound on Wednesday, their

By John Towfighi, Matt Egan, CNN (CNN) — Oil prices surged Thursday, with Brent crude hitting $108 per barrel for the first time since May, as traders brace for a more prolonged supply shock caused by the Iran war. Oil prices have climbed back above the $100 per barrel mark this week as fighting in

By Elisabeth Buchwald, CNN (CNN) — US inflation at the wholesale level accelerated last month, as the war with Iran pushed up energy prices. The Producer Price Index, which tracks price changes received by US producers and manufacturers, increased 5.4% in the 12 months that ended in August. That was a 0.6% acceleration from 4.8%

By Allison Morrow, CNN If you find yourself getting lost (or bored) by bond market news, we hear you. No one is born understanding what a yield curve is, and even financial experts sometimes struggle to articulate the goings-on of the cryptic $160 trillion market. But when this normally sleepy corner of Wall Street starts

By Jordan Valinsky, CNN New York (CNN) — Omaha Steaks, the pioneering meat delivery company, has been around for over a century. But if it wants to survive amid record-high beef prices, the company has to become speedier, leaner and offer cheaper cuts. That’s the direction CEO Nate Rempe is taking the 109-year-old company, with

By Elisabeth Buchwald, CNN (CNN) — What do pony fur, sequins, golf carts, bamboo furniture and mezcal have in common? Until Tuesday evening, not much. Now they’re among what could soon be unlikely casualties of President Donald Trump’s intensifying trade war with Canada. The Trump administration added those items, among dozens of others, to a

By Brian Stelter, CNN (CNN) — Most days there are only two kinds of news about newspapers: Bad and worse. But in Washington, DC, there’s something unexpected happening: A new-age version of an old-school newspaper war, with feisty competition between two formidable newsrooms, the entrenched Washington Post and the upstart Washington Sun. This being 2026,

By John Towfighi, CNN New York (CNN) — US bond yields rose Wednesday to their highest levels in almost three years after the Treasury Department said it would buy back up to $6 billion of government bonds, giving investors more insight into the size of the operation first announced last month. The 10-year US Treasury

By Samantha Delouya, CNN (CNN) — For the past few years, the math of buying a home in the United States has been tough: low inventory, high mortgage rates and record-high prices have made homeownership increasingly expensive. Earlier this year, there was hope that the housing affordability picture might finally be improving. Mortgage rates briefly

By Hadas Gold, Martin Goillandeau, David Goldman, CNN (CNN) — “The people building AI earnestly believe that it could kill us all by the end of the decade.” That blunt admission from former Anthropic employee Jacob Coxon made waves Tuesday, as the just-quit 27-year-old AI researcher spilled the beans on his way out the door

By Karina Tsui, CNN (CNN) — OpenAI on Tuesday said its artificial intelligence technology has cracked one of the Millennium Problems –– seven famously difficult and unsolved questions in mathematics that have stumped even the world’s brightest minds. In a release of its findings, the company said an internal model, not released to the public,

By John Towfighi, Matt Egan, CNN New York (CNN) — Global oil prices are back above $100 per barrel as fighting in the Middle East raises concerns about prolonged disruptions to oil supply. Brent crude, the global oil benchmark, rose 3.36% Wednesday and settled at $101.21 per barrel. It was Brent’s first time hitting $100

By John Liu, CNN (CNN) — Singapore’s ministers are already among the world’s highest-paid politicians, with Prime Minister Lawrence Wong earning more than four times US President Donald Trump’s annual government salary. Now, Wong has been given a $1 million pay bump, with the wealthy city-state giving a big boost to ministers’ salaries for the

By Ramishah Maruf, CNN New York (CNN) — The Trump administration on Tuesday expressed “profound concern” to carmaker Ford about its alleged ties to Chinese technology and manufacturing. In a letter to Ford CEO Jim Farley, Transportation Secretary Sean Duffy cited Ford’s links to Chinese companies such as battery manufacturer CATL and concerns over the

By Brian Stelter, CNN (CNN) — Fox News is “suppressing MAGA news” and enforcing a “shadow ban” of some of President Donald Trump’s surrogates, White House trade adviser Peter Navarro charged in an audacious op-ed on Tuesday. Navarro also defended Maria Bartiromo, the longtime Fox host and Trump friend the network ousted last week. And

By Matt Egan, CNN New York (CNN) — The Iran war has saddled Americans with a massive energy bill that continues to mount as the conflict drags on. US consumers are paying an extra $100.9 billion on gasoline and diesel alone since the war started at the end of February, according to a cost tracker

By Jordan Valinsky, CNN New York (CNN) — When incoming Lululemon CEO Heidi O’Neill starts her new job on Tuesday, she will have a lot of heavy lifting to do. Last week, the struggling athleisure brand reported another dismal earnings report, posting a 12% drop in sales in North America and slashing its full-year outlook

By Michelle Velez, CNN (CNN) — Brazilian oil production and exports have hit record highs this year, largely due to increased demand from China as the US-Iran war continues to reshape global trade and geopolitical relationships. The change highlights a global race for alternative energy sources as Middle East conflict slows oil from the region

By Elisabeth Buchwald, CNN New York (CNN) — The trade war between the United States and Canada has entered a new chapter — and it’s getting uglier by the hour. Early Tuesday morning, Canada made good on its promise to impose tariffs on $20 billion worth of American goods in retaliation for the Canadian goods

CNN By Elisabeth Buchwald, CNN New York (CNN) — The trade war between the United States and Canada has entered a new chapter — and it’s getting uglier by the hour. Early Tuesday morning, Canada made good on its promise to impose tariffs on $20 billion worth of American goods in retaliation for the Canadian

By Auzinea Bacon, CNN (CNN) — Hunter Biden’s laptop could be about to take on a new, more profitable meaning. The Wall Street Journal first reported Monday morning that Biden, who is the son of former president Joe Biden, was launching his own cryptocurrency. Shortly after, Biden posted “$LAPTOP” with a date of September 9th

By Hanna Ziady, CNN London (CNN) — A Volkswagen car plant in northwestern Germany is to be converted to defense production, the company said Monday, as Europe’s biggest economy ramps up military spending amid a continent-wide push to rearm. Volkswagen said in a statement that it had agreed to sell its Osnabrück car plant to

By Ramishah Maruf, CNN New York (CNN) — The pumpkin spice latte might just be too basic. McDonald’s announced last week that the drink won’t be on its fall menu for the first time in a decade. Instead, it’s replacing the classic autumn beverage with another seasonal flavor. “Caramel Apple Pie is the only fall

By Lisa Eadicicco, CNN (CNN) — When Apple holds its annual iPhone event on September 9, it’ll be the first time in more than a decade that Tim Cook won’t introduce the company’s latest products. Instead, John Ternus will debut as Apple’s new chief executive during the company’s most important event of the year. Expectations

By Rachel Siegel, CNN (CNN) — Canada said it had been attacked. The US said it had been ripped off for years. And on the exact border between the two, Louis Patenaude had boxes to sort. In the throes of a heated trade war, Half-Way House Freight Forwarding was still open. Patenaude’s business is a

By Samantha Delouya, CNN (CNN) — When Patrice De La Ossa’s son was accepted to her alma mater, the University of Arizona, she wanted to give him something she hadn’t had herself: a college degree without student loans. So, she sold her home in Phoenix and moved to Tucson with him, closer to campus, to

By Liam Reilly, CNN (CNN) — A federal judge on Friday ruled that the Pentagon can fire three Stars and Stripes journalists, the latest in a series of blows to press freedoms in the military as the agency has sought to undo the newspaper’s editorial independence. US District Judge Trevor McFadden denied temporary restraining order

By Brian Stelter, CNN (CNN) — President Donald Trump and Fox News have a mostly mutually beneficial relationship. But every so often, their interests diverge, and Maria Bartiromo is a prime example. Fox took Bartiromo off the air after she leaked internal network guidance to the Trump White House, a source familiar with the matter

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump threatened on Friday to prevent the US from trading with many nations unless the Federal Reserve lowers interest rates. “LOWER THE RATE OR I’LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT, which the U.S. Supreme Court, in its ridiculous and very costly Tariff

CNN, POOL, CENTCOM By Matt Egan, CNN New York (CNN) — Americans will likely face the highest Labor Day gas prices on record this holiday weekend. It’s another blow to a “drill, baby, drill” president who campaigned on affordable energy. President Donald Trump’s war with Iran isn’t just driving up prices at the gas pump.

By Matt Egan, CNN New York (CNN) — Americans will likely face the highest Labor Day gas prices on record this holiday weekend. It’s another blow to a “drill, baby, drill” president who campaigned on affordable energy. President Donald Trump’s war with Iran isn’t just driving up prices at the gas pump. Diesel, a crucial

By Jeanne Sahadi, CNN (CNN) — Rising bond yields have been causing plenty of consternation among fiscal hawks and investors, with good reason. Higher bond yields make it more expensive for governments, companies and in some cases consumers to borrow. And they’ve been rising amid growing concerns over inflation and other economic and geopolitical issues.

By Alicia Wallace, CNN (CNN) — The US labor market in August roused from its early summer slumber by adding 162,000 jobs, more than double what economists had expected, while the unemployment rate remained at 4.1%, new data from the Bureau of Labor Statistics showed Friday. August’s job gains – which are the strongest since

By Clare Duffy, CNN Toronto, Canada (CNN) — Geoffrey Hinton, a Nobel Prize-winning computer scientist, took a leap in the 1980s — leaving a well-funded post at Carnegie Mellon University to pursue a little-studied area of machine learning research at the University of Toronto. Four decades later, Hinton and that research paved the way for

By Chris Isidore, CNN (CNN) — Volkswagen Group announced late Thursday that it plans to eliminate 50,000 jobs and cut half of its vehicle offerings. The German automaker is struggling with headwinds from increasing Chinese competition in Europe and tariff costs on its shipments to the US market. Volkswagen Group said it has also determined

By Brian Stelter, Liam Reilly, CNN (CNN) — Fox News has parted ways with longtime anchor Maria Bartiromo, one of President Donald Trump’s closest allies at the network. Her ouster came as a shock to many, including the president, who wrote on Truth Social, “I can’t believe Maria Bartiromo is no longer going to have

By Liam Reilly, CNN (CNN) — An internal review of Dianna Russini’s work by The Athletic published on Thursday found that the former star NFL reporter’s relationship with New England Patriots head coach Mike Vrabel “was in clear violation” of the outlet’s standards. However, the review found “no inaccuracies from Russini in any story involving

By Samantha Delouya, CNN (CNN) — The global sell-off in the bond market is hitting the housing market, with US mortgage rates surging to their highest level of the year. That’s putting fresh pressure on home shoppers and homeowners hoping to refinance. The average 30-year fixed mortgage rate rose to 6.71% this week, according to

By John Towfighi, CNN (CNN) — The rise in bond yields is a global phenomenon, rooted in investors’ unease over unchecked government spending and intensified by bets that central banks may keep interest rates higher for longer. The US Treasury market gets the attention as the largest and most influential bond market in the world.

By Clare Duffy, CNN New York (CNN) — Nvidia announced on Thursday that it will buy artificial intelligence startup Hugging Face for $12.9 billion, a massive bet by the chipmaker to expand the reach of open-source AI technology. Hugging Face, a service for hosting and accessing open-source AI models and data sets, has been in

By Alicia Wallace, CNN (CNN) — The August jobs report is due out on Friday morning, and economists are expecting that employers added 65,000 jobs last month and the unemployment rate inched back up to 4.2%. US employment is likely to rebound after the surprise in July, when the economy unexpectedly lost an estimated 23,000

By Chris Isidore, CNN (CNN) — Nothing is more important to Tesla than its ambitious plan for self-driving “robotaxis.” But even as it hosts an event for its Cybercab service Thursday, it still has a long way to catch up to the competition in an industry where few have made any money at all. Tesla