Money

By John Towfighi, CNN New York (CNN) — SpaceX was expected to be one of the hottest stocks on Wall Street this year – and it has quickly delivered on that promise, shattering trading volume records while companies race to launch new products tied to the stock. Both the size of the IPO and the

By John Liu, Fred He, CNN Hong Kong/Hangzhou/Beijing (CNN) — When humanoid robots dominated the stage of last year’s Spring Festival Gala with sleek dance routines, Ai Lin saw more than a spectacle. He saw a business. Soon after, the e-commerce livestreamer in Hangzhou shelled out $30,000 for his first android and turned it into

By Clare Duffy, CNN New York (CNN) — Social media giants have for years touted their growing slate of safety tools and protections as proof that they prioritize young users’ wellbeing. But more than half of those protections don’t work as advertised, new research finds. Researchers at the Cybersafety Research Center tested 86 youth safety

By Brian Stelter, CNN (CNN) — Comcast is positioning itself for the next round of media industry merger and acquisition activity. That’s what industry analysts are saying about the company’s Monday morning announcement about spinning off NBCUniversal. Comcast says it is going to spend the next year separating NBCUniversal and a European media arm, Sky,

By Brian Stelter, CNN (CNN) — As the knockout rounds of the World Cup begin, Fox and Telemundo can be crowned as two of the biggest winners off the field. Fox Sports is the tournament’s English-language television broadcaster in the US, and Telemundo is the Spanish-language broadcaster. Both networks broke viewership records during the World

By Hadas Gold, CNN Dallas, Texas (CNN) — When the pandemic decimated the live events scene, Joe Allen “packed up a survival bunker on wheels” and headed out on a new career path. Jobs were few and far between for “concert riggers” like Allen, who set up concert lighting and sound systems. So he pursued

CNN By Hadas Gold, CNN Dallas, Texas (CNN) — When the pandemic decimated the live events scene, Joe Allen “packed up a survival bunker on wheels” and headed out on a new career path. Jobs were few and far between for “concert riggers” like Allen, who set up concert lighting and sound systems. So he

By Julian Torres, CNN New York (CNN) — On July 4, one week from today, parents across the United States will be able to start contributing to a Trump Account, the newest option to invest in their child’s future. The investment accounts have attracted a wave of interest from eligible families who want to claim

By Hadas Gold, CNN (CNN) — The US government has allowed Anthropic to release its powerful Mythos AI model to select companies and organizations, revising license requirements after ordering an export block earlier this month in the wake of national security fears. Since the export ban earlier in June, “Anthropic has worked with the US

By Elisabeth Buchwald, Lucy Bayly, CNN (CNN) — After months of souring views driven in part by a surge in gas prices, Americans are feeling more and more optimistic about the economy, according to new data released Friday. Consumer sentiment rose this month from an earlier reading of 48.9 to a final reading of 49.5,

By Anna Cooban, CNN London (CNN) — Volkswagen, one of the world’s largest automakers, is reportedly planning to axe as many as 100,000 jobs over the next few years, representing 15% of its global workforce. The job cuts would come alongside the planned closure of four factories in Germany and a 15% reduction in investment

By David Goldman, CNN (CNN) — Tech stock traders can be an impatient bunch. But lately, they’ve grown seriously ticked off about the high price they’ve paid to get into the AI game without the profit boost they were expecting. The Nasdaq, a barometer for the tech industry, was set to sink another 1.2% Friday,

By Vanessa Yurkevich, CNN (CNN) — The Strait of Hormuz has seen more traffic in the last week than it has in the past three months. But that has slowed down Friday as a critical evacuation plan is put on hold. Seventy-three vessels transited the critical waterway on Wednesday, the highest number since shortly after

By Hadas Gold, CNN (CNN) — The White House has requested OpenAI limit the release of its upcoming GPT 5.6 model to a small number of government-approved partners because of its advanced capabilities, a source familiar with the situation told CNN. The request comes after the administration placed an export control order on Anthropic, leading

By Chris Isidore, CNN (CNN) — Electric vehicle maker Polestar is being forced out of the American market due to its ties to China, following a decision by the US Commerce Department, the company announced Thursday. The company said the Commerce Department’s Bureau of Industry and Security denied the company an authorization to sell vehicles,

By Jordan Valinsky, CNN New York (CNN) — Apple has hiked prices on some of its most popular products, including the MacBook and iPad, because of the rising costs of memory and storage chips sparked by the AI boom. Beginning immediately, the price increases affect the Neo, its entry level MacBook that’s now priced at

By Elisabeth Buchwald, CNN (CNN) — High gas prices pushed annual inflation to the highest level in three years, according to May data released by the Commerce Department on Thursday. The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures price index, rose to 4.1% in May from 3.8% in April. On a monthly basis

By Anna Cooban, CNN London (CNN) — On Tuesday, investors were dumping AI stocks, worried that frothy valuations may be running away from reality. By Thursday, they were believers again. Micron Technology (MU), a US chipmaker, posted blockbuster quarterly results Wednesday afternoon, sending its stock up by more than 16% in pre-market trade Thursday. The

By Clare Duffy, CNN New York (CNN) — The family of a Missouri teenager is suing Snapchat parent company Snap, claiming the social media platform facilitated her rape as a 12-year-old. Snapchat features such as Quick Add and Snap Map enabled assailant Gabriel Joel Valentin-Rios to connect with and groom the girl, referred to as

By Lisa Eadicicco, CNN New York (CNN) — OpenAI on Wednesday announced its first custom AI chip in a step towards expanding beyond consumer products to become a player in AI infrastructure. The processor, called Jalapeño, was developed with Broadcom to more efficiently handle the computing needs for ChatGPT and OpenAI’s coding agent, Codex, the

By Chris Isidore, CNN (CNN) — President Donald Trump says “Big Oil” companies are keeping gas prices artificially high, echoing a complaint former President Joe Biden made during the last gas price spike. But, unlike Biden, Trump says he wants the Justice Department to investigate. In a Truth Social post early Wednesday, Trump argued that

By John Liu, CNN Hong Kong (CNN) — China has clinched the top spot on a list of the world’s most powerful supercomputers, overtaking the United States for the first time since 2017 with a model powered by homegrown chips amid an intense race for tech supremacy between the two superpowers. The LineShine machine, housed

By David Goldman, CNN (CNN) — The moment of truth is just about here. The Strait of Hormuz has reopened, for now, and Middle Eastern countries that shut off their oil wells during the war (the term is actually “shut in”) are about to turn those valves back the other way and find out what

By Samantha Delouya, CNN (CNN) — This week, Congress celebrated a rare bipartisan victory after overwhelmingly passing the largest housing affordability bill in a generation. On Wednesday, President Donald Trump was set to sign it into law. But there was a change of plans. Less than two hours before the planned signing, Trump posted on

By Brian Stelter, Hannah Rabinowitz, CNN (CNN) — The Washington Post and the Wall Street Journal waged a secret legal fight to stop the US government from subpoenaing several reporters in connection with national security leak probes. The Justice Department subsequently withdrew the subpoenas, at least for the time being, though the episode remains a

By Lisa Eadicicco, CNN (CNN) — Meta on Tuesday announced a new line of AI glasses designed in-house, signaling a deeper push into the wearable technology that’s become a new front in the artificial intelligence race. And the biggest change consumers will notice? A cheaper price tag. The new Meta Glasses will start at $299,

By David Goldman, John Towfighi, CNN (CNN) — Volatility has returned to the stock market, and AI is once again the culprit. The tech-heavy Nasdaq dropped 2.21% and the S&P 500 fell 1.44% Tuesday as investors sold semiconductor chip stocks and other AI-related shares. The Dow, which has less exposure to tech, was down about

By Brian Stelter, CNN (CNN) — AI chatbots are fast becoming a way people find news. But the systems are only as reliable as their sources, and are prone to misinformation and manipulation. Meanwhile, the rise of AI threatens the business model for news publishers, many of whom say AI model makers are using their

By Brian Stelter, CNN (CNN) — ABC is asking viewers to help defend its local stations and “The View” as Disney’s fight with the Trump administration moves into a new public phase. On Monday, Disney’s local ABC stations began to air messages alerting viewers to the government’s virtually unprecedented challenges to their station licenses. The

By Chris Isidore, CNN (CNN) — Former Federal Reserve Chairman Alan Greenspan, once hailed as a maestro for directing a booming economy but who later received some of the blame for the housing bust and financial meltdown that occurred after he left office, has died, according to his wife, Andrea Mitchell. He was 100. Greenspan

By Hanna Ziady, CNN Ten years ago, Britain chose to abandon its lucrative membership of the world’s largest single market. It has been paying a price ever since. On June 23, 2016, the Brexit referendum marked the start of the United Kingdom’s drawn-out divorce from the European Union. In a knife-edge vote, 51.9% of Britons

By Hadas Gold, CNN (CNN) — Within days of its release, Anthropic’s most sophisticated public AI model was abruptly yanked from customers. The Trump administration called the model a national security risk after being notified of a jailbreak, or a way to get around its internal guardrails. It put an export ban on the model,

By Allison Morrow, CNN New York (CNN) — Long before the founders of Kalshi and Polymarket were even born, a handful of economists were getting amped about a novel approach to dealing with one of humanity’s more egregious shortcomings: We’re bad at predicting the future. Maybe, the thinking went, the free market could help. (This

By Chris Isidore, CNN (CNN) — Even before Iran announced Saturday that the Strait of Hormuz was again closed, ship operators had pulled back on sailings through the critical channel. Twenty-five ships traveled through the critical channel on Thursday, according to data from marine intelligence firm Kpler. However, lead oil analyst Matt Smith told CNN

By Elisabeth Buchwald, CNN (CNN) — For generations, Americans have viewed hard work, education and career advancement as the primary paths to getting ahead. But with the ever-growing cost of living, more Americans may be finding that the traditional formula is no longer enough. To bridge the gap, they are looking to their parents and

By John Towfighi, CNN New York (CNN) — The agreement to re-open the Strait of Hormuz has been met with swift relief in markets. But some traders worry the rally in stocks and drop in oil prices might be overdone. WTI, the US oil benchmark, settled at $76.60 a barrel Thursday, down almost 10% on

By Matt Egan, CNN Washington (CNN) — The diplomatic breakthrough between Washington and Tehran is a potential gamechanger for Iran’s war-battered economy, former Trump energy secretary Dan Brouillette told CNN in an exclusive interview. The 14-point framework agreement, signed by President Donald Trump this week, delivers an immediate lifeline to Iran by allowing the OPEC

By David Goldman, CNN (CNN) — The good news: The Strait of Hormuz is open again, after Iran and the United States signed a memorandum of understanding this week. The bad news: It may be too late. Oil hasn’t been coming out of the Middle East for nearly four months. All told, the world lost

By Samantha Delouya, CNN (CNN) — Americans shopping for a home caught a break this week when mortgage rates edged lower. The average 30-year fixed mortgage rate fell to 6.47% this week, down from 6.52% last week, which was near the year’s high, according to data released Thursday by Freddie Mac. But the reprieve may

By Jordan Valinsky, CNN New York (CNN) — President Donald Trump said Thursday that Intel has struck a deal with Apple to start producing computer chips in the United States. “I decided to help Intel because we need to design and build our Chips right here in America,” Trump wrote in a social media post

By Chris Isidore, CNN (CNN) — American gas stations are now charging less than $4 for a gallon of regular gas, dropping below that benchmark for the first time since March 30. The US national average dropped to $3.999 per gallon on Thursday, according to AAA, down nearly 3 cents from the day before. Indiana

By Jeanne Sahadi, CNN (CNN) — The Federal Reserve may have a new chairman in Kevin Warsh, but it still has to balance its old dual mandate: Lower rates to boost the economy when the labor market is struggling, or raise rates to cool economic activity when inflation is considered too high. Well, the job

By Bryan Mena, CNN Washington (CNN) — Federal Reserve Chairman Kevin Warsh has promised “regime change.” On Wednesday, after leading his first policy meeting, he made it clear he is serious. Under the new Fed chairman, officials voted Wednesday to hold interest rates steady for the fourth consecutive meeting, leaving their benchmark lending rate at

By Matt Egan, CNN (CNN) — A pair of Senate Democrats are calling for the Trump administration to abandon efforts to build a West Coast emergency oil reserve. In a letter dated Wednesday to Energy Secretary Chris Wright, Sens. Alex Padilla and Patty Murray warn that establishing a West Coast Strategic Petroleum Reserve this fiscal

By Brian Stelter, CNN (CNN) — The New York Knicks’ first championship-clinching win since the 1970s set a ratings record dating back to the 1990s. Saturday night’s Game 5 telecast averaged 24.5 million viewers, making it the most-watched NBA Finals Game 5 since 1998, according to Nielsen ratings figures that were released Tuesday afternoon. Of

By Brian Stelter, CNN (CNN) — Vice President JD Vance is trying to be everywhere this week, appearing on Fox News, CNN, NBC and other networks as he promotes a new memoir in preparation for the 2028 presidential campaign. But of all his appearances thus far, his visit to ABC’s “The View” was unique. It

By David Goldman, CNN (CNN) — SpaceX is now bigger than Microsoft. Its shares are more popular than every other stock on the market, combined. And it just bought an AI company for $60 billion. Today is just SpaceX’s second full day of public trading. The latest splash in its history-making debut is SpaceX’s long-sought

By Matt Egan, CNN New York (CNN) — Kevin Warsh’s dream of becoming Federal Reserve chairman was nearly tarnished by the specter of having to confront simultaneous and conflicting challenges brewing in the US economy. In January, when President Donald Trump nominated Warsh for the top job, the labor market had just wrapped up one

By Chris Isidore, CNN (CNN) — President Donald Trump says the vital Strait of Hormuz has been reopened under terms of an agreement reached Sunday with Iran. Shipping industry sources aren’t so sure. “Ships are starting to move, many loaded up with Oil, out of the Strait of Hormuz,” Trump posted Monday on social media.

By Matt Egan, CNN (CNN) — The amount of oil in the US Strategic Petroleum Reserve plunged last week to the lowest level since 1983 as the Trump administration continues to deploy emergency oil to minimize the damage from the war with Iran. According to federal data released Monday, US officials released another 8.9 million

By Jordan Valinsky, CNN New York (CNN) — Fox is acquiring Roku, the popular streaming TV platform, in a massive $22 billion deal, the companies announced Monday. The transaction makes Fox a much more competitive streaming player, combining Fox’s sports, news and entertainment shows, as well its free Tubi streaming service, with Roku’s devices and

By John Towfighi, CNN (CNN) — SpaceX, Elon Musk’s massive space-exploration-slash-AI company, went public last week in a record-breaking IPO. But even if you’re not buying yet, you could still see the company’s stock in your 401(k) soon via a number of avenues. And if you’re on the other side and want to avoid shares

By Auzinea Bacon, David Goldman, Hanna Ziady, CNN (CNN) — Oil prices sank Monday, hitting their lowest levels in more than three months, after the United States and Iran said they had reached an agreement that would end a US blockade of Iranian ports and reopen the vital Strait of Hormuz. Brent crude, the global

By Bryan Mena, CNN Washington (CNN) — While millions of Americans are struggling to find jobs in a tough labor market, healthcare is emerging as a lifeline for career changers. After six years as a stay-at-home mother, Cynthia Webster, 50, planned last year to reenter the workforce, bracing for a potentially frustrating job search. So

By Jeanne Sahadi, CNN (CNN) — Most financial experts will tell you to wait to claim your Social Security retirement benefits at least until your full retirement age (which is now 67) or even as late as age 70. Why? Your benefit will be permanently lower if you claim at 62, which is the earliest

By Chris Isidore, CNN (CNN) — Elon Musk has many people to thank for becoming the world’s first trillionaire — his companies’ engineers who produced technological breakthroughs, Wall Street investors who were eager to shower him with their dollars despite questionable financials, but most of all, American taxpayers and government policymakers. “There would not be

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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