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By Liam Reilly, CNN (CNN) — After remaining mum on fellow ABC host Jimmy Kimmel’s suspension last week, the hosts of “The View” on Monday spoke out against the Trump administration’s recent crackdown on free speech. “Did y’all really think we weren’t going to talk about Jimmy Kimmel? Have you watched the show over the

By Bryan Mena, CNN Washington (CNN) — Central bankers are underestimating how much pressure interest rates are putting on America’s labor market, said Federal Reserve Governor Stephen Miran, a staunch ally of President Donald Trump, on Monday. “I view policy as very restrictive, (and) believe it poses material risks to the Fed’semployment mandate,” Miran said

By Clare Duffy, CNN New York (CNN) — The White House has answered what had been one of the major outstanding questions regarding its pending deal to transfer TikTok’s US operations to a majority American ownership group: Under the agreement, the app’s algorithm will be operated in the United States and overseen by Oracle. The

By Jordan Valinsky, CNN New York (CNN) — The Federal Trade Commission’s long-awaited trial against Amazon begins this week, with the e-commerce giant’s cancellation practices under the microscope. The lawsuit, filed in 2023 under the Biden administration, accuses Amazon of tricking millions of consumers into signing up for its Prime subscription service through deceptive user

By David Goldman, CNN (CNN) — Sal Iacono, Jimmy Kimmel’s cousin and a long-time writer and performer on “Jimmy Kimmel Live!” suggested Sunday that the show may not be coming back on the air after ABC indefinitely suspended the program last week. On an episode of “The Bill Simmons Podcast” late Sunday night, Iacono said

By Brian Stelter, CNN (CNN) — Media lawyers and newsroom leaders are evaluating a government memo spelling out new rules that would sharply restrict reporting at the Pentagon. Several of the country’s biggest news outlets are publicly pushing back on the rules, foreshadowing a potential legal battle. “This policy operates as a prior restraint on

By Gordon Ebanks, CNN (CNN) — Reading levels dropped to historic lows during the pandemic. Now parents, teachers and tech companies are hoping AI can help solve America’s literacy crisis. America’s literacy challenge has been building for years, with reading scores sliding even before the pandemic pushed them to their lowest levels in decades. Educators

By Hadas Gold, CNN (CNN) — When Elon Musk and President Donald Trump’s feud reached a fever pitch, Charlie Kirk desperately wanted the two to put their fight to bed and make up. “I know both these guys … I am hopeful, optimistic and will do everything I possibly can to try and bring this

By John Towfighi, CNN New York (CNN) — The stock market is shrugging off worries about a weakening labor market and stubborn inflation, instead embracing a much-anticipated interest rate cut. That optimism still has room to run, analysts say, but stocks could hit a wall if worries about an economic slowdown and still-high prices begin

By Matt Egan, CNN New York (CNN) — The nation’s top economic statistician was fired. Central bank independence is being undermined. The federal government is buying chunks of private companies and demanding cuts of revenue streams. Presidential power to lob tariffs has been wielded in unprecedented fashion. And federal regulators are threatening media companies over

Reuters (Reuters) — Warren Buffett’s Berkshire Hathaway has fully exited Chinese automaker BYD, a filing showed, ending a 17-year investment that grew over 20-fold in value in that period. The filing by Berkshire’s energy subsidiary recorded the value of its BYD investment as zero as of the end of March, down from $415 million at

By Auzinea Bacon, CNN (CNN) — Hollywood has long viewed anime as a modest but steady genre at the domestic box office. But the unexpected success of “Demon Slayer: Infinity Castle” has forced the industry to rethink the potential of Japanese animation to draw big audiences to theaters. “Infinity Castle,” distributed by Sony-owned Crunchyroll, fell

By Auzinea Bacon, Aileen Graef, Brian Stelter, CNN (CNN) — President Donald Trump on Sunday said tech and media giants Larry Ellison, Michael Dell, and Lachlan and Rupert Murdoch will be a part of the group to take over TikTok’s algorithm in the acquisition of the social media platform’s US operations. “You know, they’re very

By Chris Isidore, CNN (CNN) — Despite billions in tariff costs for imported autos and parts, new car prices have stayed relatively flat. But the news isn’t as good for car owners taking their vehicles to the repair shop. The price of car repairs jumped 5% just from July to August, according to the latest

By Auzinea Bacon, CNN (CNN) — President Donald Trump’s latest effort to overhaul America’s legal immigration system — raising the annual fee on H-1B visa applicants from $215 to $100,000 — could deal a major blow to some US industries that rely on skilled foreign workers. During a signing at the Oval Office Friday, Trump

By Auzinea Bacon, Clare Duffy, CNN (CNN) — The United States will have control over TikTok’s algorithm in the acquisition of the social media platform’s US operations, White House press secretary Karoline Leavitt said on Saturday. “We are 100% confident that a deal is done. Now that deal just needs to be signed, and the

By Nathaniel Meyersohn, CNN New York (CNN) — President Donald Trump pledged to bring down grocery costs. But his administration’s policies are contributing to an acceleration in prices, food economists and companies say. Grocery prices last month rose at their fastest pace in three years, stoked by Trump’s tariffs, a crackdown on immigration, and extreme

By Brian Stelter, Hadas Gold, CNN (CNN) — In a ruling dripping with derision, a federal judge has rejected President Trump’s defamation lawsuit against The New York Times, asserting that the rambling 85-page suit did not follow federal rules for filing civil complaints. The president’s team has been given a month to refile, and a

By Bryan Mena, CNN Washington (CNN) — President Donald Trump’s widespread tariffs aren’t boosting inflation, so interest rates should be lowered quickly to prevent America’s labor market from deteriorating, Federal Reserve Governor Stephen Miran said Friday in his first public comments as a monetary policymaker. The Fed on Wednesday announced a quarter-point rate cut, the

By Tami Luhby, CNN (CNN) — This year’s winter heating bills may send a shiver down many Americans’ spine. The cost of staying warm at home is expected to jump an average of 7.6%, to $976 this season, according to a new estimate from the National Energy Assistance Directors Association. The spike stems from increases

By Lisa Eadicicco, CNN (CNN) — Back in 2017, consumers balked at the idea of a $1,000 iPhone. Now, some shoppers may end up paying double that if they choose Apple’s latest top-of-the-line model. The iPhone 17 Pro Max, the larger variant of Apple’s Pro phone that launches today along with the iPhone 17, 17

By Clare Duffy, CNN (CNN) — President Donald Trump said at the conclusion of a call with China’s leader Xi Jinping Friday morning that they had made progress to finalize a deal that would sell most of TikTok’s US assets to American investors. The deal would conclude a yearslong effort that began during Trump’s first

By Vanessa Yurkevich, CNN New York (CNN) — When the US Department of Homeland Security conducted its largest single-site enforcement operation in history at the Hyundai – LG Battery Plant in Georgia earlier this month, Hyundai’s CEO was working out of his California office. He said he found out about it on the news. “I

By Brian Stelter, CNN (CNN) — When Federal Communications Commission Chair Brendan Carr suggested Jimmy Kimmel should be suspended and said, “We can do this the easy way or the hard way,” ABC and its local affiliates were listening. Within a matter of hours, ABC suspended Kimmel’s show “indefinitely,” a stunning move that has raised

By Jordan Valinsky, CNN New York (CNN) — The United States federal government and seven states are suing Ticketmaster and its parent company, Live Nation Entertainment, for failing to crack down on ticket resellers, which is forcing customers to “pay substantially more than face value” for popular concerts and and events. The Federal Trade Commission

By Samantha Delouya, CNN (CNN) — The Federal Reserve’s rate cut this week is rippling through the housing market, sending mortgage rates lower and spurring a jump in refinancing. The 30-year fixed mortgage rate averaged 6.26% for the week ending September 18, down from 6.35% last week, according to data released Thursday by Freddie Mac.

By Olesya Dmitracova, CNN (CNN) — Nvidia said on Thursday that it would buy $5 billion worth of Intel’s common stock, becoming another major shareholder in the beleaguered company just weeks after the US government took a roughly 10% stake. The tech giant, which makes artificial intelligence chips, will pay $23.28 per share, it said

By Alicia Wallace, CNN Falcon Heights, Minnesota (CNN) — The Federal Reserve cut interest rates on Wednesday for the first time this year, a move that could provide some relief for Americans from the higher cost of living. But there is a deepening inequality among households in the United States. Consumer spending, which is a

By Clare Duffy, CNN Menlo Park, Calif. (CNN) — Have you ever wished you could quickly and quietly respond to a text while in a movie theatre without pulling out your phone. Or that you could see directions to the closest coffee shop without having to look down at your maps app? A new pair

By Lisa Eadicicco, CNN Englewood Cliffs, NJ (CNN) — Samsung is considering releasing its upcoming “tri-fold” smartphone in the United States, a first for US smartphones and Samsung as it seeks to recharge the market for what was once a-cutting-edge product but is now a staple of everyday life. Samsung is still weighing which markets

By Clare Duffy, CNN Menlo Park, Calif. (CNN) — Meta CEO Mark Zuckerberg took the stage on Wednesday to unveil the company’s next-generation artificial intelligence-powered wearable device: a pair of smart glasses with a tiny display inside the lens. The Meta Ray-Bans Display glasses represent the company’s next step toward a future where we all

CNN By Jordan Valinsky, Vanessa Yurkevich, CNN New York (CNN) — Hours after Ben & Jerry’s co-founder Jerry Greenfield resigned from the ice cream company he founded nearly five decades ago, his former business partner, Ben Cohen, revealed to CNN why Jerry felt he had to leave. “Jerry has a really big heart, and this

By John Towfighi, CNN (CNN) — FBI Director Kash Patel spurred a fierce but fleeting rally in Krispy Kreme shares (DNUT) on Wednesday after he said the stock was a solid investment. The comment came during Patel’s testimony before the House Judiciary Committee on Wednesday. Colorado Rep. Joe Neguse asked Patel about his decision to

CNN By Alexandra Banner, CNN A key CDC advisory panel will meet today to discuss potentially drastic changes to vaccine recommendations in the US. Health experts say the panel is expected to recommend delaying hepatitis B shots for newborns, among other major updates. Here’s what else you need to know to get up to speed

By Samantha Delouya, CNN (CNN) — Anthropic CEO Dario Amodei doubled down on his warning that artificial intelligence could soon cause mass unemployment, even as the technology’s current capabilities lag behind many predictions. Amodei, who runs one of the world’s leading AI labs, warned that the technology is advancing “very quickly” and has already begun

By Ramishah Maruf, CNN New York (CNN) — Customer visits to Cracker Barrel fell after intense backlash to its proposed logo change and renovations, the company said in its earnings call Wednesday, and it expects a continued decline in the coming months. Traffic has fallen 8% since the chain initially changed its logo on August

By Brian Stelter, Elizabeth Wagmeister, Liam Reilly, CNN (CNN) — Disney’s ABC is taking Jimmy Kimmel’s late night talk show off the air indefinitely amid a controversy over his recent comments about Charlie Kirk’s suspected killer. “Jimmy Kimmel Live will be pre-empted indefinitely,” an ABC spokesperson said, declining to share any further details. A representative

CNN By Bryan Mena, CNN Washington (CNN) — The Federal Reserve on Wednesday lowered interest rates for the first time since December to support America’s faltering labor market. However, the economy’s path forward looks murky, according to the central bank’s leader. The Fed cut its benchmark lending rate by a quarter point to a new

By Jordan Valinsky, Vanessa Yurkevich, CNN New York (CNN) — Hours after Ben & Jerry’s co-founder Jerry Greenfield resigned from the ice cream company he founded nearly five decades ago, his former business partner, Ben Cohen, revealed to CNN why Jerry felt he had to leave. “Jerry has a really big heart, and this conflict

By Hadas Gold, CNN (CNN) — Elon Musk is back to business – and back to sending emails asking employees what they’ve accomplished. On Tuesday afternoon, Musk sent an email asking all xAI employees to “send a one page summary of what you’ve accomplished in the past four weeks and what you intend to accomplish

By Brian Stelter, Liam Reilly, CNN (CNN) — President Trump’s defamation lawsuit against The New York Times is meritless, according to half a dozen lawyers and First Amendment scholars who spoke with CNN. But Trump’s chances in court are almost beside the point, some of the experts said, because the president seems to want a

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve on Wednesday lowered interest rates for the first time since December to support America’s faltering labor market. However, the economy’s path forward looks murky, according to the central bank’s leader. The Fed cut its benchmark lending rate by a quarter point to a new range

CNN, POOL, MSNBC By Bryan Mena, CNN Washington (CNN) — The Federal Reserve on Wednesday lowered interest rates for the first time since December to support America’s faltering labor market. However, the economy’s path forward looks murky, according to the central bank’s leader. The Fed cut its benchmark lending rate by a quarter point to

By John Liu, CNN (CNN) — Ben & Jerry’s co-founder Jerry Greenfield has quit the ice cream brand he started in 1978 amid a dispute with its British owner Unilever, according to a post by the company’s other co-founder, Ben Cohen. Cohen shared a statement from Greenfield that said quitting was “one of the hardest

By John Liu, CNN (CNN) — Two flying cars crashed into each other during a rehearsal for an airshow in northeastern China on Tuesday, injuring one of their pilots and forcing one of the vehicles to the ground, where it caught fire. Videos circulating online and featured in Chineses state-run media showed plumes of smoke

By Hadas Gold, CNN (CNN) — The families of three minors are suing Character Technologies, Inc., the developer of Character.AI, alleging that their children died by or attempted suicide and were otherwise harmed after interacting with the company’s chatbots. The families, represented by the Social Media Victims Law Center, are also suing Google. Two of

By Elisabeth Buchwald, CNN Annandale-on-Hudson, New York (CNN) — When the July jobs report was first released on August 1, it didn’t feel any different for Erika McEntarfer, former commissioner at the Bureau of Labor Statistics, compared to when other employment reports came out. But that quickly changed after she learned that President Donald Trump

By Gordon Ebanks, CNN (CNN) — Costco is issuing a recall for its Kirkland Signature Prosecco Valdobbiadene, saying that unopened bottles of the wine could “shatter” without being touched. In a letter posted on its website, the company warned customers in 12 states across the Midwest and South to immediately dispose of the bottles “by

By Alayna Treene, David Goldman, CNN (CNN) — A proposal to save TikTok from going dark in the United States would involve investments from a number of US-based venture capital firms, private equity funds and tech companies. Together, the investors would create a new US-based company that will operate the app domestically, sources familiar with

By David Goldman, CNN (CNN) — Dave & Buster’s new CEO is not holding back. Tarun Lal, who took the reins in July, said on his first earnings call with Wall Street analysts Monday night that his company is in more trouble than previously believed. Profit growth continued to shrink, sales have flatlined, and the

By Bryan Mena, CNN Washington (CNN) — Federal Reserve officials are convening Tuesday and Wednesday for a pivotal meeting under unprecedented circumstances. On Wednesday at the conclusion of their two-day policy meeting, central bankers are expected to announce their first interest rate cut since December to support America’s slowing labor market, with the hopes that

By Bryan Mena, CNN Washington (CNN) — Americans still opened their wallets last month, despite persistent fears about the economy, a slowing labor market and higher tariffs. Spending at US retailers rose 0.6% in August, the Commerce Department said Tuesday, unchanged from July’s upwardly revised 0.6%. Last month’s figure came in much better than economists’

By Matt Egan, CNN New York (CNN) — Credit scores are falling at the fastest pace since the Great Recession as Americans struggle to keep up with the high cost of living and the return of student debt payments. The national average FICO score dropped by two points this year, the most since 2009, according

By Chris Isidore, CNN (CNN) — For nearly 60 years, Publishers Clearing House had been known for changing individuals’ lives, fulfilling their dreams with prize money it promised would keep coming for as long as they lived. But now the company is in bankruptcy, and winners’ dreams have turned into nightmares. ARB Interactive, a mobile

By Clare Duffy, CNN New York (CNN) — In the late 1970s, a startup founded by Larry Ellison and two fellow computer programmers got a big break in the form of a CIA contract to build a database program code-named Oracle, which later became the name of the company. Now, nearly 50 years after its

By Jeanne Sahadi, CNN (CNN) — With so many unsettling things happening beyond your — or any individual’s — control, it sometimes can help to proactively do something concrete that would be helpful to you and your family. Take, as just one example, the state of the US economy. There is no shortage of confusing

By Brian Stelter, Hanna Park, CNN (CNN) — President Donald Trump says he is filing an audacious lawsuit against The New York Times, alleging defamation and accusing the outlet of being a “virtual mouthpiece” for the Democratic Party. The lawsuit demands $15 billion in damages, which exceeds the entire market cap of The New York

By Elisabeth Buchwald, Dan Berman, CNN (CNN) — President Donald Trump cannot remove Lisa Cook from the Federal Reserve’s Board of Governors for now, a federal appeals court said in an emergency ruling Monday, just hours before the central bank’s two-day monetary policy meeting was set to kick off. The decision from the US Court

By Bryan Mena, Morgan Rimmer, CNN (CNN) — Stephen Miran, one of President Donald Trump’s top economic advisers, on Monday was confirmed by the Senate to serve on the Federal Reserve’s powerful Board of Governors, hours before the Fed’s two day monetary policy meeting begins. The Senate voted 48-47 to confirm Miran. Sen. Lisa Murkowski

By Brian Stelter, CNN (CNN) — Longtime Washington Post writer Karen Attiah says she has been fired from the publication’s Opinions department for “speaking out against political violence, racial double standards, and America’s apathy toward guns.” The Post, which has been overhauling the entire department, declined to comment on personnel matters. But Attiah’s Post biography

By Matt Egan, CNN New York (CNN) — In his latest bid to reshape the American economy, President Donald Trump has endorsed ending the decades-long practice of public companies sharing their financial results once each quarter. Such a move would represent a dramatic shift aimed at combating short-term thinking inside C-Suites obsessed with pleasing investors

By Chris Isidore, CNN (CNN) — Elon Musk just spent $1 billion of his own money to buy additional shares Tesla, giving the previously battered stock the vote of confidence needed to complete a comeback and turn positive for the year. The purchase, made Friday and disclosed in a filing Monday, represents a rare action

By Christopher Lamb, CNN (CNN) — Pope Leo XIV has criticized how the salaries of chief executives dwarf those of their employees, singling out Tesla’s trillion-dollar compensation package for Elon Musk. Leo, speaking during his first sit-down media interview, cited income inequality as one of the factors behind polarization in society. “CEOs that 60 years

WLS By Christopher Lamb, CNN (CNN) — Pope Leo XIV has criticized how the salaries of chief executives dwarf those of their employees, singling out Tesla’s trillion-dollar compensation package for Elon Musk. Leo, speaking during his first sit-down media interview, cited income inequality as one of the factors behind polarization in society. “CEOs that 60

By Nectar Gan, David Goldman, CNN Hong Kong (CNN) — China significantly escalated its trade standoff with the United States Monday, saying that tech giant Nvidia, the most valuable company on the US stock market and a key provider of artificial-intelligence chips, had violated anti-monopoly laws. Chinese regulators’ announcement of the results of their preliminary

By Lisa Eadicicco, CNN New York (CNN) — Meta CEO Mark Zuckerberg made a bold claim on the social media giant’s earnings call in July. People without smart glasses may one day be at a “significant cognitive disadvantage” compared to those who do use the tech, he told analysts. That vision for the company’s future

By Lex Harvey and Svitlana Vlasova, CNN (CNN) — A brief global outage of Elon Musk’s satellite internet service Starlink on Monday affected tens of thousands of people, including Ukrainian military forces across the entire frontline. More than 37,000 US users were reporting issues with the internet service Monday at 12:30 a.m. ET, according to

By Brian Stelter, CNN (CNN) — After shocking many by saying mentally ill homeless people should be put to death, Fox News morning host Brian Kilmeade apologized on Sunday for what he called an “extremely callous remark.” Kilmeade’s mea culpa came one day after his original comment — “just kill ‘em” — went viral across

By Auzinea Bacon, CNN (CNN) — The Trump administration on Sunday renewed its request to a federal appeals court to fire Lisa Cook, a Federal Reserve governor who has faced political scrutiny in recent weeks. The move comes ahead of the independent central bank’s vote on interest rates this week. President Donald Trump has repeatedly

By Auzinea Bacon, CNN (CNN) — “Demon Slayer: Kimetsu no Yaiba – the Movie Infinity Castle” shattered the record for biggest opening weekend domestic gross for an anime movie, hauling in an estimated $70 million. “Demon Slayer: Infinity Castle,” which is distributed in North America by Sony Pictures Entertainment-owned Crunchyroll, raked in $33 million on

By John Towfighi, CNN New York (CNN) — While the stock market hovers near record highs, a shift in the bond market is signaling mounting concerns about the economy’s health. A bevy of data this month showed the labor market is on shakier ground than previously thought. That spurred a rally in bonds as investors

By Reuters (CNN) — A loan estimate for an Atlanta home purchased by Lisa Cook, the Federal Reserve governor accused of mortgage fraud by the Trump administration, shows that Cook had declared the property as a “vacation home,” according to a document reviewed by Reuters. The document, dated May 28, 2021, was issued to Cook

By Ramishah Maruf, CNN New York (CNN) — Dozens of social media posts and messages about the murder of Charlie Kirk, including some that celebrated his death, are being spotlighted by conservative activists, Republican elected officials and a doxxing website as part of an online campaign to punish the posters behind the messages. Prominent far-right

CNN By Brian Stelter, CNN (CNN) — Charlie Kirk’s widow and many of his fans have predicted that Wednesday’s assassination will make his voice even more powerful posthumously. Social media statistics indicate that they’re right. Kirk’s accounts across the internet have gained millions of followers in the three days since his death, according to data

By Brian Stelter, CNN (CNN) — Charlie Kirk’s widow and many of his fans have predicted that Wednesday’s assassination will make his voice even more powerful posthumously. Social media statistics indicate that they’re right. Kirk’s accounts across the internet have gained millions of followers in the three days since his death, according to data compiled

By Nathaniel Meyersohn, CNN New York (CNN) — It’s been a nightmare few weeks for Cracker Barrel, taking a drubbing from random social media accounts all the way up to the White House over a fairly typical logo rebrand. But despite the fallout, the old-timey chain still has a chance to make a comeback. Cracker

By Auzinea Bacon, CNN (CNN) — Facebook users who filed a claim in parent company Meta’s $725 million settlement related to the Cambridge Analytica scandal may soon get a payment. It’s been over two years since Facebook users were able to file claims in Meta’s December 2022 settlement. The class-action lawsuit began after the social

By Tami Luhby, CNN (CNN) — President Donald Trump wants drugmakers to lower their prices in the US — so he’ll push them to raise prices in other countries to offset the hit to their bottom line, Commerce Secretary Howard Lutnick said Friday. “The president’s going to say that you drug manufacturers cannot sell here

By Jordan Valinsky, CNN New York (CNN) — Swatch, the Swiss watchmaker, is trolling the 39% tariffs that the United States placed on its home country by selling a watch that flips the location of the 3 and 9 numerals. The tongue-in-cheek new watch — dubbed “WHAT IF … TARIFFS?” — is inspired by the

By Elisabeth Buchwald, CNN (CNN) — American consumers are downbeat about the economy, according to preliminary results of a monthly survey conducted by the University of Michigan. The index measuring consumer sentiment fell unexpectedly this month to 55.4 from 58.2 in August as inflation is on the rise and job prospects are worsening. September’s reading

By Jordan Valinsky, CNN New York (CNN) — Coffee drinkers are in for a jolt long before their first sip. Retail coffee prices in the United States in August jumped nearly 21% compared to the same month last year — the largest annual jump since October 1997, according to the latest Consumer Price Index, released

By Jeanne Sahadi, CNN (CNN) — An executive order signed last month by President Donald Trump aims to make it easier for workplace retirement plans like 401(k)s to offer investments in alternative assets, like private equity and private credit. Supporters of the idea believe it would “democratize” access to investments that largely have been available

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump declared on Friday that he’s “already solved inflation” and that “costs are down.” ”We have almost no inflation anymore,” he said in a Fox News interview. But Consumer Price Index data released Thursday tells a different story. Not only does the data show rising inflation, but

By Hadas Gold, CNN (CNN) — Within minutes of Charlie Kirk’s horrific shooting on Wednesday in Utah, video capturing the moment a bullet hit his body was spreading rapidly online. Surveillance cameras were rolling when Iryna Zarutska was brutally stabbed on a train in North Carolina on August 22, and the gruesome full video was

By Brian Stelter, CNN (CNN) — Long-gestating speculation about a sale of Warner Bros. Discovery burst out into public view on Thursday after the Wall Street Journal reported that Paramount’s new owners are preparing a bid for the rival media company. Analysts told CNN that the potential offer from Paramount is likely the beginning of

By John Towfighi, CNN New York (CNN) — Stocks hit record highs Thursday after August inflation data mostly matched expectations, reaffirming investors’ hopes that the Federal Reserve will cut interest rates in September. The Dow rose 617 points, or 1.36%, and closed at 46,108, crossing the 46,000-point mark for the first time. It’s a symbolic

By Clare Duffy, CNN New York (CNN) — The Federal Trade Commission has launched an investigation into seven tech companies around potential harms their artificial intelligence chatbots could cause to children and teenagers. The inquiry focuses on AI chatbots that can serve as companions, which “effectively mimic human characteristics, emotions, and intentions, and generally are

By Samantha Delouya, CNN (CNN) — After months of sitting out a sluggish housing market, would-be buyers may finally have a reason to jump in: Borrowing rates are tumbling. The 30-year fixed mortgage rate averaged 6.35% for the week ending September 11, down from 6.50% last week, according to data released Thursday by Freddie Mac.

By Alicia Wallace, CNN (CNN) — The cost of living continues to increase for Americans at a time when the job market appears to be on shakier footing, creating a complicated economic problem that could be tricky to solve. Consumer prices rose 0.4% in August, driving the annual inflation rate to 2.9%, the highest since

By Matt Egan, CNN New York (CNN) — President Donald Trump’s sweeping tariff regime is already reshaping global trade and spiking government customs revenue. But these historic import taxes could also push more Americans into poverty, according to new research. An analysis published by The Budget Lab at Yale on Tuesday finds Trump’s tariff hikes

By Jordan Valinsky, CNN New York (CNN) — Larry Ellison briefly became the world’s richest person Wednesday before ending the day just $1 billion shy of the lead. The uber-billionaire is still on the verge of becoming the world’s richest person, according to the Bloomberg Billionaires Index, growing his net worth $88 billion Wednesday, briefly

By Elisabeth Buchwald, CNN (CNN) — The Department of Labor is initiating an investigation into how the Bureau of Labor Statistics collects and reports “closely watched economic data,” according to a letter the department’s Assistant Inspector General for Audit, Laura Nicolosi, sent to Acting BLS Commissioner William Wiatrowski on Wednesday. This comes one day after

By Bryan Mena, CNN Washington (CNN) — President Donald Trump’s nominee to the Federal Reserve’s powerful board may soon work alongside the same central banker the president tried to fire weeks ago, in what would be a stunning milestone in Trump’s ongoing bid to bend the historically independent Fed to his will. In a Tuesday

By Ana Nicolaci da Costa, CNN London (CNN) — Novo Nordisk, the maker of weight loss drug Wegovy, will lay off about 9,000 people as it grapples with rising competition in the obesity market. The Danish company has been battling it out with US rival Eli Lilly, with each developing newer medicines to turbocharge weight

By Alicia Wallace, CNN (CNN) — US inflation cooled off at the wholesale level in August, bolstering hopes that high tariffs aren’t yet causing prices to spiral out of control, fresh data showed Wednesday. However, economists caution, the better-than-expected reading could be a sign of a slowing economy and that shrinking businesses’ margins could foretell

By Jordan Valinsky, John Towfighi, CNN New York (CNN) — Elon Musk briefly lost his title of “world’s richest person” title to Oracle cofounder Larry Ellison. Ellison’s wealth jumped by $89 billion to $383.2 billion on Wednesday after Oracle’s stunningly strong earnings report Tuesday evening, according to Bloomberg. Oracle (ORCL) reported surging demand for its

By Nathaniel Meyersohn, CNN New York (CNN) — Funding for public train and bus services is so dire that one of the largest cities in America must rely on a sports gambling company to help. FanDuel, a sports betting app, subsidized train service to and from the NFL’s Philadelphia Eagles home opener last week. The

By Chris Isidore, CNN (CNN) — The Hyundai battery plant in Georgia that saw 475 workers arrested in immigration raid last week is just the latest example of President Donald Trump’s policies clashing with his goals for the world’s largest economy. The Trump administration’s immigration enforcement efforts have had widespread impacts on the construction industry,