Money

By Chris Isidore, Matt Egan, CNN (CNN) — In a stunning twist, former Disney CEO Bob Iger and venture capitalist Josh Kushner are buying one of the greatest trophy assets in US sports: The Los Angeles Lakers. Iger and Kushner, the brother of President Donald Trump’s son-in-law Jared Kushner, are shelling out a record-breaking $12.5

By Brian Stelter, CNN (CNN) — As Paramount pushes to settle the state antitrust lawsuit that has stymied its deal to buy Warner Bros. Discovery, Democratic lawmakers continue to rally opposition to the deal. On Wednesday, Rep. Jamie Raskin, the top Democrat on the House Judiciary Committee, sent a new letter to Paramount CEO David

By Lisa Eadicicco, CNN (CNN) — What if you didn’t have to dig through your inbox to schedule a follow-up doctor’s appointment or type on a tiny keyboard to send emails on your way to work? That’s the future Google and other tech giants predict, with AI agents soon handling tasks on our phones without

By Alicia Wallace, CNN (CNN) — Annual inflation slowed for the second month in a row, cooling to 3.4% in July as prices at the pump and the grocery store delivered less of a bite, according to new data released Wednesday by the Bureau of Labor Statistics. The latest Consumer Price Index showed that prices

By Jordan Valinsky, CNN New York (CNN) — For the first time in a while, Burger King is living up to its name. A revamped Whopper helped the chain post an 8.5% increase in US same-store sales last quarter, outpacing McDonald’s by the largest margin in more than a decade. Burger King also surpassed Wendy’s

By Avni Trivedi, Karina Tsui, CNN (CNN) — A winning ticket for Wednesday night’s $1.04 billion Powerball drawing was sold in Illinois, marking the largest grand prize since last year, according to the lottery. The winning numbers were 4, 26, 66, 67, 69, and red Powerball 9, with a Power Play multiplier of 2. The

By Brian Stelter, CNN (CNN) — The White House Correspondents’ Association has asked President Donald Trump’s administration to “work with us on a protocol for handling extraordinary security circumstances in the future,” now that his secret plane switch last month has been revealed by leaks to news organizations. Fox News anchor and senior White House

By Alicia Wallace, CNN (CNN) — More Americans are falling even further behind on their home and car loans than at any time in the past decade, new data from the Federal Reserve Bank of New York showed Tuesday. A greater share of people went at least 30 days late on their mortgage payments in

By David Goldman, Matt Egan, CNN (CNN) — Wall Street has begun to embrace Trump Media and Technology Group’s newest product: instant access to President Donald Trump’s Truth Social posts. Truth Social owner Trump Media, in its first-ever earnings call with analysts Monday evening, said it has signed more than 10 customer agreements, mostly with

By Anna Cooban, CNN London (CNN) — Nvidia is joining forces with Wall Street to allow its customers borrow more than half a trillion dollars to build AI infrastructure. The US chipmaker announced on Monday that it had signed a preliminary agreement with heavyweight institutional investors Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to

By John Towfighi, CNN New York (CNN) — Will the Federal Reserve raise interest rates or hold them steady at its meeting next month? For the market, it’s a coin flip: Odds of a rate hike in September are near 50%, while odds of keeping rates steady are near 50%, according to CME FedWatch, a

By Lisa Eadicicco, Hadas Gold, CNN (CNN) — Meta is taking a stance on one of the biggest debates shaping the future of artificial intelligence: Should AI models be open for anyone to tinker with and modify, or should they be tightly controlled by the companies making them? For Meta CEO Mark Zuckerberg, the answer

By Jordan Valinsky, CNN New York (CNN) — 7UP, which popularized lemon-lime flavoring when it rolled out nearly a century ago, is changing its taste for the first time in 15 years. The soda is permanently reformulating its recipe as it faces increased competition, slightly reducing lemon for a “lime-forward” taste in response to younger

By Avni Trivedi, Hanna Park, CNN (CNN) — The Powerball jackpot has risen to an estimated $975 million after nobody took the grand prize in Monday night’s drawing, which soared to the eighth-largest prize in history. The winning numbers drawn were 6, 37, 54, 55, 64, and a red Powerball 10, with a Power Play

By Lisa Eadicicco, CNN (CNN) — Cases of AI escaping the lab, infiltrating other companies and trying to deceive people have all made headlines in recent weeks. And in one case, AI models even worked together to break free from their test environments. Does this mean the machines are taking over? Not quite. AI isn’t

By David Goldman, Matt Egan, CNN (CNN) — David Goldman and Matt Egan report on the economy for CNN. This is their text conversation about this month’s job report. David Goldman: Hey, Matt! The jobs report on Friday came in…less than good, let’s say. Are we back in this “meh-conomy,” where we have stagnant job

By Bryan Mena, CNN (CNN) — Despite AI skills and more than a decade of management experience in technology, Juan Ruiz has struggled to switch jobs in a state known for its tech scene: California. Ruiz has been looking for a new job with more pay since October 2024, sending out hundreds of applications, he

By Bryan Mena, Molly English, CNN Washington (CNN) — The White House is renewing its effort to remove Lisa Cook from the Federal Reserve’s Board of Governors, according to a letter addressed to her attorney obtained by CNN. The letter, dated August 5, said there is “sufficient reason to believe that you have made false

By Michael Ballaban, CNN (CNN) — Ford is the undisputed global leader in pickup trucks. The F-Series is the best-selling vehicle in the US – of any kind – since 1981. Its latest pickup, the Ford Fathom, will cost a downright cheap $28,350, which should set it up to be a massive seller. And it

By Alicia Wallace, CNN (CNN) — A summer hiring slump dogged the US labor market in July as the economy unexpectedly lost 23,000 jobs, according to new data released Friday by the Bureau of Labor Statistics. The unemployment rate dropped to 4.1% from 4.2% as more people left the labor force. July’s job gains marked

By Ramishah Maruf, CNN New York (CNN) — Meta must tighten controls on children’s accounts and pay $567 million into a fund to remedy its role in a youth mental health crisis, a New Mexico judge ordered Thursday, in a ruling that dealt the social media giant another hefty penalty and compared it to polluting

By Brian Stelter, Liam Reilly, CNN (CNN) — The FCC voted on Thursday to remove the cap on TV station ownership in the US, delivering a big win to media companies aligned with President Donald Trump and the Republican Party. Supporters of the cap immediately said they will challenge the FCC’s action in court. They

By Alicia Wallace, CNN (CNN) — When the latest official jobs report is released on Friday, economists are expecting it to show that hiring picked up in July and that the unemployment rate held steady at 4.2%. Economists’ estimated monthly employment gains of 97,500 jobs would mark an increase from June’s lower-than-expected 57,000 jobs added.

By Anna Cooban, CNN London (CNN) — The British government has cleared Paramount Skydance’s $110 billion takeover of Warner Bros. Discovery, saying it had received assurances from the company over media diversity. On Thursday, the UK’s anti-trust regulator said that it had decided not to further investigate the deal, weeks after British culture minister Lisa

By Hadas Gold, CNN (CNN) — The White House waded into one of the hottest debates in AI this week: Open or closed? A new framework governing how the administration will review advanced AI models pre-release covers only the most powerful “closed” models, like Anthropic’s Claude or OpenAI’s ChatGPT, people familiar with the matter told

By John Towfighi, CNN New York (CNN) — More than 900 million SpaceX shares unlocked Thursday, more than doubling the publicly available shares in Elon Musk’s space and AI company and testing investors’ interest in holding a stock that’s struggled since a record-breaking IPO nearly two months ago. A lockup expiry enables some employees and

By David Goldman, CNN (CNN) — People really don’t like AI data centers. Politicians are running against them. A recent Gallup poll showed 71% of Americans oppose them. Several counties and states have proposed or passed laws to ban them. But this notion that AI data centers are quickly popping up everywhere is belied by

By Matt Egan, CNN The smarter artificial intelligence gets, the harder it will be for humanity to control it, according to Geoffrey Hinton, the Nobel Prize-winning computer scientist known as the “godfather of AI.” Even Hinton was alarmed by the sophisticated AI agents that recently caused real-world damage after escaping their human-built testing environments. “What’s

By Stephanie Yang, Yoonjung Seo, CNN Seoul (CNN) — Jennifer Ke, a 35-year-old working in operations at a cryptocurrency firm, never paid much attention to Taiwan’s stock market. But her colleagues were constantly discussing their latest stock trades. One boasted of making at least one million Taiwanese dollars, or about $31,000, on a single stock.

By Hadas Gold, CNN (CNN) — Add Meta to the list of companies with AI agents going rogue. An AI model from the parent company of Facebook and Instagram hacked into another company’s systems during cybersecurity testing, a spokesperson confirmed on Wednesday. Meta says the breach occurred because of an inadvertent error during testing of

By Jordan Valinsky, CNN New York (CNN) — Mickey Mouse could soon be performing the next big TikTok dance trend as Disney looks to embrace the creator community. The Walt Disney Company and TikTok announced Wednesday a partnership that would let social media creators make short-form videos based on the entertainment conglomerate’s brands, including Star

By Elisabeth Buchwald, CNN (CNN) — Apple got an estimated $2.2 billion tariff refund last quarter. Amazon got $600 million. Nike got $300 million. But American consumers who paid higher prices as President Donald Trump’s tariffs filtered through the economy are getting almost nothing back. Those corporate payouts may be just the beginning as the

By John Liu, Hadas Gold, CNN (CNN) — Anthropic’s most advanced artificial intelligence model used fake identities to deceive real people and try to plant malicious code during testing by Britain’s AI Security Institute (AISI) –– the latest example of an AI model going rogue. Anthropic and OpenAI models were tested with lowered security guardrails

By Allison Morrow, CNN New York (CNN) — SpaceX first earnings report as a public company blew past expectations. But it continued to burn through cash in pursuit of CEO Elon Musk’s vision for an AI-powered, Mars-colonizing future, putting investors on edge and sending SpaceX shares down in late trading. The newly public satellite, space

By Brian Stelter, CNN (CNN) — A federal judge has set a March 2027 trial date for the antitrust challenges to Paramount’s acquisition of Warner Bros. Discovery, CNN’s parent company. The trial timeline is another setback for Paramount, which had wanted to complete the merger this summer. A coalition of state attorneys general and the

By Brian Stelter, CNN (CNN) — Paramount CEO David Ellison says he believes the fight over his Warner Bros. Discovery takeover “is not really about market share” — it’s about CNN. In a remarkable Tuesday morning guest essay for The New York Times, Ellison seeks to convince readers that he will respect and preserve CNN’s

By Jordan Valinsky, CNN New York (CNN) — McDonald’s recently revved up the amount of deals and discounts it offers to attract more customers. That strategy seems to have hit a roadblock. The burger chain on Tuesday reported its slowest growth since 2025, with US sales rising just 0.8% in the second quarter. McDonald’s blamed

By Alicia Wallace, CNN (CNN) — The US labor market, long stuck in a “low-hire, low-fire” slog, may be starting to show a glimmer of life. The latest official labor turnover data showed that employers increased their hiring efforts in June – an ever-so slight indication that momentum could be building. The number of job

By John Towfighi, CNN New York (CNN) — The S&P 500 closed at a record high Tuesday, supported by strong corporate earnings, a rebound in tech shares and traders embracing hopes for progress on reopening the Strait of Hormuz. The S&P 500 surged 1.79% to close at 7,737 points, its first record high in two

By Matt Egan, CNN New York (CNN) — Days before his inauguration in 2025, president-elect Donald Trump did something unusual: He launched a memecoin. That memecoin briefly exploded in value – and then crashed in an epic selloff that left nearly a million investors facing losses. Now, a pair of Senate Democrats are demanding Trump’s

By John Towfighi, CNN New York (CNN) — SpaceX reports its first-ever quarterly earnings as a public company after the closing bell Tuesday, giving investors a detailed look at Elon Musk’s rocket, satellite and AI company after a rocky start to trading. Investors want to learn more about the company’s spending on AI, its revenue

By Allison Morrow, CNN New York (CNN) — Capital One closed hundreds of Trump Organization accounts in 2021 “for anti-money laundering reasons,” the bank disclosed for the first time in a court filing Friday night. President Donald Trump has maintained that his businesses were “debanked” for political reasons, and the Trump Organization sued Capital One

By Hadas Gold, CNN (CNN) — The White House will meet with representatives from several top AI companies on Tuesday to discuss a new framework for the government to review frontier AI models before they launch, multiple sources familiar with the invitation told CNN. The meeting is a critical step toward broader AI regulation amid

By John Liu, Logan Schiciano, CNN (CNN) — The United States bought the Japanese yen for the first time in more than a decade as “a signal of friendship,” President Donald Trump said Sunday. The rare bilateral intervention in Japan’s currency market was designed to prop up the yen from its 40-year low against the

By Auzinea Bacon, CNN (CNN) — Sony Pictures’ and Marvel’s “Spider-Man: Brand New Day” soared to the second-biggest North American opening weekend ever with a $355 million haul at the box office, according to industry experts, just behind “Avengers: Endgame,” which opened to $357 million in 2019. “Spider-Man: Brand New Day” — released almost five

By Anna Cooban, CNN London (CNN) — In a glittering ballroom in central London, around 200 people in the energy industry gathered to discuss a proposition that, a mere eight months ago, seemed unthinkable: investing in Venezuelan oil. “The time is now,” Greig Gilbert, chief executive of Apertura Energy, an investment firm, told the crowd

By Elisabeth Buchwald, CNN (CNN) — I can still remember the glorious day my dad took me to the Verizon store in the fifth grade to buy my first cellphone. The Samsung Glyde instantly won me over with its touchscreen and slide-out keyboard. On the bus ride home, I discovered a new form of entertainment:

By Ramishah Maruf, CNN New York (CNN) — Influencing is Gen Z’s new glamour job. So if more than half of young people say they want to be influencers, why not study it? Arizona State University recently announced a bachelor’s degree in content creation for those who “dream of monetizing your video channel or making

By Elisabeth Buchwald, CNN (CNN) — For years, Situational Awareness was closely tracked by Wall Street, members of the AI community and its founder’s fiercest followers. Outside those circles, however, the multibillion-dollar hedge fund remained largely unknown. But that was before it began unraveling this week. Situational Awareness was founded in 2024 by German-born Leopold

By Allison Morrow, John Towfighi, CNN New York (CNN) — The meteoric rise and stunning near-collapse this week of a US hedge fund has sent shockwaves across global markets, becoming a kind of cautionary tale for the AI era. On Thursday, the San Francisco fund Situational Awareness, founded by a former OpenAI researcher with no

By Bryan Mena, CNN Washington (CNN) — Inflation is a far more serious and persistent issue than the Fed has made it out to be, and it must be addressed by raising interest rates, a group of rate-setting committee members said Friday. For months, the war in Iran has destabilized the global energy market, pushing

By Matt Egan, CNN (CNN) — Big Oil is minting money. ExxonMobil and Chevron, the two biggest US oil companies, reported gangbusters profits on Friday driven by the spike in global oil prices unleashed by the US-Iran war. Exxon raked in $14.5 billion in profit during the second quarter, more than doubling its year-earlier earnings

By Hadas Gold, CNN (CNN) — AI company Anthropic says that during routine testing some of its models accessed the internet and hacked into three separate organizations’ systems – and that it didn’t notice the models had done so until an internal review prompted by rival OpenAI disclosing its models did the same. Anthropic said

By Brian Stelter, CNN (CNN) — The eight local ABC television stations targeted by President Donald Trump’s Federal Communications Commission have generated a staggering amount of public support in recent weeks. ABC says the reason is clear: Supporters across the ideological spectrum “share a fundamental commitment to free speech and press freedom.” In a new

By Samantha Delouya, CNN (CNN) — Five months into the war in Iran, rising oil prices and stubborn inflation are driving mortgage rates to the highest level in a year. The average 30-year fixed mortgage rate climbed to 6.66% this week, the highest since July of last year, according to Freddie Mac. That’s up from

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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