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CNN By Anna Cooban, CNN London (CNN) — The Organization of the Petroleum Exporting Countries and its allies — a group of leading oil producers known as OPEC+ — agreed Sunday to extend production cuts announced last year into 2025. The group said in a statement it would extend a cut of 1.65 million barrels per

By Diksha Madhok, CNN New Delhi (CNN) — Indian stock markets chalked up new record highs on Monday as experts predicted a resounding victory for incumbent Prime Minister Narendra Modi in national elections. India’s benchmark Sensex index, which tracks 30 large companies, and the broader Nifty 50 index each ended the day at their all-time

By Oliver Darcy, CNN New York (CNN) — The Washington Post announced on Sunday that it had parted ways with its top editor, Sally Buzbee, in a seismic shakeup executed by new publisher and chief executive William Lewis just months before the high-stakes 2024 presidential election. “Sally is an incredible leader and a supremely talented

By Eva Rothenberg, CNN New York (CNN) — Right-wing media mogul Rupert Murdoch tied the knot Saturday for the fifth time, according to British tabloid newspaper the Sun. The Sun, which is owned by Murdoch, released photos of the 93-year-old Australian billionaire alongside his 67-year-old wife, retired molecular biologist Elena Zhukova, at his vineyard in

By Anna Cooban, CNN London (CNN) — The Organization of the Petroleum Exporting Countries and its allies — a group of leading oil producers known as OPEC+ — agreed Sunday to extend production cuts announced last year into 2025. The group said in a statement it would extend a cut of 1.65 million barrels per day,

By Parija Kavilanz, CNN New York (CNN) — Americans should prepare for a sizzling hot summer, and not just because of rising temperatures. Consumers are bravely opening their palate to bolder, spicier, more fiery flavors and the marketplace for foods and drinks is happily obliging them. Walk into a Walmart, Target, a corner 7-Eleven, pretty

By Danielle Wiener-Bronner, CNN New York (CNN) — Cracker Barrel CEO Julie Felss Masino recently gave a devastatingly frank assessment of the brand: “We’re just not as relevant as we once were.” Masino, who became CEO in July, laid out the diagnosis — and the remedies — in a May presentation to analysts. And it

By Samantha Delouya, CNN (CNN) — June 1 marks the official start of hurricane season in the Atlantic Ocean, and meteorologists predict it will be “extremely active,” with the potential for seven major hurricanes – the most destructive categories. And as insurance companies struggle to stay afloat, battered by elevated inflation and the growing frequency of catastrophic

By Jeanne Sahadi, CNN New York (CNN) — Moving somewhere new when you retire isn’t uncommon. But deciding whether to take out a new mortgage to buy a home is a big deal. Much of your financial life is changing as you transition from a steady paycheck to a mix of fixed and variable income

By Oliver Darcy, CNN (CNN) — Salem Media Group, the right-wing talk radio network owner, issued a public apology and said it would stop distributing a discredited 2020 election conspiracy theory film after a Georgia man wrongly accused of voter fraud sued the company for defamation. The Georgia man, Mark Andrews, said in his 2022 lawsuit that “2000 Mules,” a film and book by far-right activist Dinesh D’Souza

By Ramishah Maruf, CNN New York (CNN) — Live Nation said a hacker is offering alleged user data primarily from Ticketmaster for sale on the dark web in a regulatory filing Friday. Live Nation said it identified “unauthorized activity” on May 20 and launched a probe with forensic investigators into the potential hack. Live Nation

By Brian Fung, CNN Washington (CNN) — The Affordable Connectivity Program, which helped low-income Americans get online, is no more. On Friday, the US government announced the final closure of the broadly popular federal program, which has helped tens of millions of households afford internet service, after Republicans in Congress ignored calls by consumer advocates

By Donie O’Sullivan and Sean Lyngaas, CNN New York (CNN) — On online forums that have previously been linked to mass shootings, people are threatening violence and attempting to publicly identify the 12 New York jurors who on Thursday decided to convict former President Donald Trump. The calls for retribution began immediately after the verdict was announced.

“To clear up some recent media speculation, I also want to confirm the $1.50 hot dog price is safe,” Costco CFO Gary Millerchip said on Thursday.

Reuters (CNN) — Tesla is recalling 125,227 vehicles in the United States due to a malfunction in its seat belt warning system that can increase the risk of injury in a collision, the National Highway Traffic Safety Administration said on Friday. The regulator said the vehicles failed to comply with the federal safety requirements as their seat belt

By Danielle Wiener-Bronner, CNN New York (CNN) — For years, restaurant executives had a confident message for investors: We’re raising prices, and customers don’t care. Well, now diners do — and fast food chains, especially, are rapidly changing course. Frustrated diners are complaining online about how expensive fast food has become. Low-income consumers in particular are

By Samantha Delouya, CNN (CNN) — For homebuyers struggling to afford a home amid stubbornly high mortgage rates and surging prices, there’s a little-known workaround that can help turn back the clock to the days of ultra-low monthly mortgage payments. But it comes with a few caveats. Assumable mortgages are loans that allow a homebuyer

By Matt Egan, CNN New York (CNN) — A criminal conviction isn’t typically a market-moving event. But the historic conviction of former President Donald Trump is causing extreme turbulence for Truth Social owner Trump Media & Technology Group. Trump Media – a notoriously volatile stock since debuting in late March – has swung between steep

By Alicia Wallace, CNN (CNN) — Inflation in April remained at the same stubbornly high level as in March. That means costs continued to rise too fast for consumers, and the Federal Reserve has more work to do in its fight against rising prices. The Personal Consumption Expenditures price index — a closely watched inflation gauge that the

By Diksha Madhok, CNN New Delhi (CNN) — India’s economy grew by more than 8% in the fiscal year that ended in March, according to data published Friday that gives a boost to Prime Minister Narendra Modi just hours before the country concludes its mammoth, weeks-long national election. Gross domestic product (GDP) increased by 8.2%, according

By Peter Valdes-Dapena and Ramishah Maruf, CNN (CNN) — The United States Department of Labor alleged on Thursday that Hyundai and two of its supplier companies illegally employed a 13-year-old who was kept working up 60 hours a week on an assembly line in Alabama. In a new complaint, the department alleges Best Practice, a

By Anna Cooban, CNN London (CNN) — Inflation in Europe has ticked up for the first time in five months, casting doubt on the possibility of a steady stream of interest rate cuts by the European Central Bank over the next few months. Annual consumer price inflation in the 20 countries that use the euro

By Elisabeth Buchwald, CNN New York (CNN) — It’s almost laughable at this point when Bryn Savidge gets a job rejection email. “It’s like they’re all using the same AI algorithm to say, ‘Write this person a rejection letter,’” said Savidge, who graduated from Kenyon College, a small liberal arts college 50 miles from Columbus,

CNN By Oliver Darcy, CNN (CNN) — Donald Trump’s media allies are demanding retribution in the wake of his conviction. Following weeks of attacks targeting the historic hush money case against the former president, prominent right-wing media figures immediately flooded the public discourse Thursday with extreme and disturbing rhetoric after Trump was found guilty on 34 felony

By Oliver Darcy, CNN (CNN) — Donald Trump’s media allies are demanding retribution in the wake of his conviction. Following weeks of attacks targeting the historic hush money case against the former president, prominent right-wing media figures immediately flooded the public discourse Thursday with extreme and disturbing rhetoric after Trump was found guilty on 34 felony counts.

By Bryan Mena, CNN Washington (CNN) — US economic data released Thursday was broadly disappointing. America’s economy expanded at a weaker pace earlier this year than initially reported. The decline in home sales based on contract signings last month was much steeper than economists expected. And mortgage rates inched higher this week, thrusting the average

By Peter Valdes-Dapena, CNN (CNN) — Jeep, widely known for making rugged off-road vehicles, has unveiled its first fully electric SUV for the North American market. Jeep already offers the small Avenger EV in Europe but the Wagnoneer S, unveiled Thursday night, will be available in the US and Canada later this year before being

By Clare Duffy and Brian Fung, CNN (CNN) — Elon Musk has sought to accumulate political capital commensurate with his extravagant wealth. In the past year, Musk has publicly opined on global conflicts, met with numerous world leaders and US senators to discuss artificial intelligence and his space and satellite technologies. And he has courted

Analysis by Bryan Mena and Nathaniel Meyersohn, CNN (CNN) — It’s becoming tougher and tougher for Americans to carry on with their spending spree. Years of elevated inflation and the highest interest rates in almost a quarter century are wearing out the US consumer. Savings accumulated during the Covid-19 pandemic are drying up, borrowers continue

By Nicole Goodkind, CNN New York (CNN) — US markets have had a rough week. The Dow has fallen about 1,000 points over the last three days alone — and there’s no sign of the negative momentum letting up on Thursday. The Dow was down by 306 points, or 0.8%, in mid-afternoon trading. The S&P

By Peter Valdes-Dapena, CNN (CNN) — Johnny Wactor, an actor who formerly starred in “General Hospital,” caught people in the act of stealing the catalytic converter from his car Saturday. Tragically, one of the thieves, according to witnesses and Los Angeles police, then shot and killed Wactor. It’s rare for someone to be murdered over

By Jordan Valinsky, CNN New York (CNN) — One of the most eagerly anticipated items ever made by Taco Bell is finally getting a nationwide release. Two years ago, Taco Bell and Cheez-It created two new menu items that used a massive cheese cracker — 16-times bigger than normal — for a test sold at

By Allison Morrow, CNN New York (CNN) — The most important carmaker in the world right now is the Chinese-owned, Warren Buffett-backed company that has Elon Musk in a pickle. BYD, a carmaker Musk once laughed at, overtook Tesla at the end of last year as the top seller of electric vehicles on the planet

By Matt Egan, CNN (CNN) — Many Americans would love to buy a home, but they don’t have tens of thousands of dollars to cover a down payment. That massive roadblock is being removed by a new zero-percent down mortgage program launched two weeks ago by one of the nation’s largest mortgage lenders. However, the new program,

By Gregory Wallace, CNN Washington (CNN) — Boeing executives presented sweeping changes to the company’s production process and safety systems in a three-hour meeting with the Federal Aviation Administration on Thursday. The plan is meant to reassure the public, airline customers and regulators that the troubled company’s planes are safe to fly. “This is a guide

By Matt Egan, CNN (CNN) — Senate Majority Leader Chuck Schumer and nearly two dozen Democrats pressed the Justice Department on Thursday to launch an industry-wide investigation into Big Oil for alleged collusion and price fixing. In a letter to Attorney General Merrick Garland, Schumer and his colleagues expressed “serious concern” about “alarming” allegations from

By Laura He, CNN Hong Kong (CNN) — China plans to invest around 6 billion yuan ($845 million) to develop next-generation battery technology powering electrical vehicles (EVs), even as its industrial policy has sparked overcapacity concerns and become a key target of US and European complaints. A total of six companies — including CATL, the

By Reuters (Sydney) — China has lifted bans on imports from five major Australian beef processing facilities, the Australian government said on Thursday, in the latest sign of improving relations between the two nations. Beijing has now removed restrictions from eight abattoirs but two remain subject to import bans, the government said. China imposed the

By Isabel Rosales and Chris Youd, CNN (CNN) — In yet another twist in the bizarre story of the dubious foreclosure threat against Elvis Presley’s iconic Memphis home, a person purporting to be involved in a scheme to steal Graceland responded to an email from CNN, claiming responsibility for the scam. “I didn’t win this

By Sean Lyngaas, CNN (CNN) — A ransomware attack on a major US hospital network that began three weeks ago is endangering patients’ health as nurses are forced to manually enter prescription information and work without electronic health records, nurses at two hospitals affected by the cyberattack told CNN. “It’s putting patients’ lives in danger,”

By Marnie Hunter, CNN (CNN) — A lawsuit filed Wednesday on behalf of three Black men alleges “blatant and egregious race discrimination” by American Airlines when they were removed from a flight. The suit alleges that the plaintiffs – Alvin Jackson, Emmanuel Jean Joseph and Xavier Veal – and five other Black male passengers were

By Bryan Mena and Elisabeth Buchwald, CNN Washington (CNN) — The Federal Reserve Bank of Cleveland announced Wednesday that Beth M. Hammack will be its next president and chief executive officer after current president Loretta Mester retires at the end of June. Hammack, 52, joins the Cleveland Fed after three decades at Goldman Sachs. She

By Allison Morrow, CNN New York (CNN) — Customers of the crypto platform Gemini can expect to recover more than three times the value of their digital assets that were ensnared in the fallout of FTX — a rare outcome for creditors involved in a bankruptcy. Gemini, the exchange founded by Cameron and Tyler Winklevoss,

By Yoonjung Seo and Juliana Liu, CNN Seoul/Hong Kong (CNN) — A labor union representing tens of thousands of workers at Samsung Electronics in South Korea has called a one-day strike next week, in what would be the first such walkout at the smartphone and chipmaking giant. The Nationwide Samsung Electronics Union (NSEU) said on

By Gregory Wallace, CNN Washington (CNN) — Boeing is expected to release a plan this week to fix its endless string of safety issues that have been under federal investigation following a midflight fuselage blowout in January. The report is a critical step for Boeing to rebuild confidence among the public, airlines, and its regulator

By Mark Thompson, CNN London (CNN) — Big Oil keeps doing big deals. ConocoPhillips said Wednesday it had agreed to buy Marathon Oil in an all-stock deal worth $22.5 billion, including about $5.4 billion of debt. Marathon Oil shareholders will receive 0.255 ConocoPhillips shares for each Marathon share they own, representing a 14.7% premium to

By Hanna Ziady, CNN London (CNN) — The owner of Royal Mail has accepted a £3.57 billion ($4.6 billion) takeover bid from Czech billionaire Daniel Křetínský, paving the way for the sale of one of Britain’s oldest and most iconic institutions to a foreign owner for the first time. International Distribution Services, which owns the

By Matt Egan, CNN New York (CNN) — Harvard University announced Tuesday it will no longer weigh in on public matters that don’t impact the Ivy League school’s core function, a shift that follows a historic period of turmoil at the storied university. Harvard leaders announced the new policy after forming a working group in April

By Jordan Valinsky, CNN New York (CNN) — OpenAI CEO Sam Altman and his husband have become the newest billionaires to sign the Giving Pledge, a charity that encourages the ultra-rich to donate their wealth to philanthropic causes. In their letter, released Tuesday, Altman and husband Oliver Mulherin credited “the hard work, brilliance, generosity, and

By David Goldman, CNN New York (CNN) — Melinda French Gates says that after the US Supreme Court’s 2022 Dobbs decision that let individual states decide abortion rights, the philanthropist felt compelled to offer Americans financial support for their reproductive freedoms — support that she says she had been giving exclusively overseas. “While I have

By Samantha Murphy Kelly, CNN (CNN) — Imagine asking Apple’s Siri to show you an old photo taken from a child’s second birthday, or summarizing lengthy emails and writing drafts. Then consider Siri learning your schedule, preferences, even your personality, so it can better communicate with you throughout the day. Generative AI, artificial intelligence that

By Laura He, CNN Hong Kong (CNN) — China is doubling down on its plan to dominate advanced technologies of the future by setting up its largest-ever semiconductor state investment fund, according to information posted by a government-run agency. Worth $47.5 billion, the fund is being created as the US imposes sweeping restrictions on the export

By Anna Cooban, CNN London (CNN) — The AI firm founded by Elon Musk has raised another $6 billion from investors, including Silicon Valley venture capitalists and a Saudi prince, boosting its valuation to $24 billion. Investors providing the second-round funding included Sequoia Capital, Andreesen Horowitz, and Saudi Prince Alwaleed Bin Talal, xAI announced in

Analysis by Hanna Ziady and Gertrude Kitongo, CNN London/Johannesburg (CNN) — South Africa’s ruling African National Congress (ANC) swept to power in 1994 on a pledge to “build a better life for all,” winning almost 63% of the vote in the country’s first democratic election. Fast-forward 30 years and Nelson Mandela’s erstwhile liberation movement, which triumphed over the racist

By Danielle Wiener-Bronner, CNN New York (CNN) — Severe weather on Sunday caused a brief outage on NBC during its Indianapolis 500 broadcast ahead of the start of the race. Powerful storms and tornadoes have wreaked havoc across the United States during the Memorial Day weekend, in some cases turning deadly. The storms have also

By Ramishah Maruf, CNN New York (CNN) — Memorial Day is the unofficial start of summer, with many students out of school and office workers enjoying the day off. The federal holiday, falling on the last Monday of May, honors members of the US armed forces who died serving their country in wars. This year,

By Jordan Valinsky, CNN New York (CNN) — It’s not Zendaya’s fault you can’t stop thinking about tennis. Her magnetic performance in “Challengers,” a movie about a ménage à trois that happens to have tennis in the background, might seem to have thrust the sport into the spotlight, but it’s becoming more popular in the

By Michelle Watson, CNN (CNN) — Three companies are facing wrongful death lawsuits in the Uvalde school shooting of 2022, according to complaints filed in California and Texas. The suits, which accuse the companies of “grooming” the Robb Elementary School shooter, come after 19 families of students and teachers killed at the school announced on Wednesday that they settled a lawsuit with

By Marshall Cohen, CNN Wilmington, Delaware (CNN) — The right-wing cable channel Newsmax denied Friday that it intentionally destroyed or concealed internal emails in an ongoing defamation case filed by voting technology company Smartmatic over the network’s airing of false claims about the 2020 election. Lawyers for Smartmatic previously claimed Newsmax “concealed over 200,000 documents” and “made

By Peter Valdes-Dapena, CNN (CNN) — Memorial Day weekend is shaping up to offer some of the best deals on new cars in years. The discounts vary widely by manufacturer and type of car – don’t expect too much off on a Toyota SUV, for example. But it’s a good time to be in the

By Peter Valdes-Dapena, CNN (CNN) — In the early morning of May 14, Vicki Hill was startled awake by the sound of explosions outside her home in Bethesda, Maryland. The loud bangs, she learned later, had come from the airbags of the family’s SUV, a 2015 Nissan Murano that was parked in the driveway. It

CNN By Peter Valdes-Dapena, CNN (CNN) — In the early morning of May 14, Vicki Hill was startled awake by the sound of explosions outside her home in Bethesda, Maryland. The loud bangs, she learned later, had come from the airbags of the family’s SUV, a 2015 Nissan Murano that was parked in the driveway.

By Jon Sarlin, CNN (CNN) — The phrase “unified Reich,” which appeared in a video posted by the Trump campaign and caused a firestorm of controversy, appears to have originated as placeholder text in a collection of video templates created in 2023 by a 30-year-old Turkish freelance graphic designer. The video, posted and subsequently removed

By Alicia Wallace and Krystal Hur, CNN New York (CNN) — Americans may be sick and tired of dealing with high prices across pretty much every aspect of their lives, but inflation hasn’t yet squashed the travel bug. And this Memorial Day weekend could be a case in point: Travelers are expected to come out

By Clare Duffy, CNN New York (CNN) — Google promised its new artificial intelligence search tools would “do the work for you” and make finding information online quicker and easier. But just days after the launch, the company is already walking back some factually incorrect results. Google earlier this month introduced an AI-generated search results

By Parija Kavilanz, CNN New York (CNN) — Mahin Barker said soccer moms keep her on her toes at her store in West Lake Hills on the outskirts of Austin, Texas. They come in nearly every day and they’re keen to shop. “They have a lot of time and disposable income to spend so we

By Tom Foster, CNN London (CNN) — Amazon and Meta executives told CNN this week that some of the fears about artificial intelligence are overblown and that the European Union’s sweeping new AI rules risk holding back innovation. The EU gave the final green light to its AI act Tuesday, the same week tech leaders

By Laura He, CNN Hong Kong (CNN) — Tesla broke ground on a new manufacturing plant in Shanghai on Thursday, just weeks after CEO Elon Musk made a surprise visit to China in a bid to shore up the carmaker’s slumping sales. The factory, which was announced in April last year, aims to begin production

By Hanna Ziady, CNN London (CNN) — Money generated by Russian financial assets frozen in Europe will soon start flowing to Ukraine, giving Kyiv a boost as it struggles to counter an advance by Moscow’s troops. Now, the West is trying to turn that trickle of cash into a flood. Finance officials from the G7

EBS, POOL, RUSSIAN MINISTRY OF FOREIGN AFFAIRS, US DEPARTMENT OF DEFENSE, COUNCIL OF FOREIGN RELATIONS, EUROPEAN UNION, WEF VIA EBU, RUSSIAN MINISTRY OF DEFENSE, UKRAINIAN ARMED FORCES, AFPTV, TELEGRAM, VYACHESLAV GLADKOV, CNN, TELEGRAM/ VYACHESLAV GLADKOV By Hanna Ziady, CNN London (CNN) — Money generated by Russian financial assets frozen in Europe will soon start flowing

By Oliver Darcy, CNN (CNN) — The situation at Warner Bros. Discovery’s TNT network “sucks, plain and simple,” Charles Barkley bluntly said Thursday. The former NBA star and “Inside the NBA” co-host was speaking on “The Dan Patrick Show” about the increasing likelihood that the network will soon lose the rights to air the league’s games next year, a prospect that could mark the end

CNN By Curt Devine, Allison Gordon and Kyung Lah, CNN (CNN) — When SWAT officers swarmed a house in a sleepy San Jose, California neighborhood last month, they found what could best be described as a make-shift hardware store inside: Shelves lined with boxes of brand-new tools, bathroom fixtures and spools of industrial wiring. It

By Isabel Rosales and Chris Youd, CNN (CNN) — Tennessee Attorney General Jonathan Skrmetti is looking into the attempted foreclosure auction of Elvis Presley’s iconic Memphis home, known as Graceland, by an alleged private investment company. On Wednesday, Naussany Investments and Private Lending LLC dropped its foreclosure efforts against Graceland. Danielle Riley Keough, Presley’s granddaughter