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By Tami Luhby, CNN (CNN) — President Donald Trump said Monday that he intends to suspend the federal gas tax amid soaring prices at the pump as the US war with Iran drags on. The spike is deepening consumers’ pessimism about the economy, adding to Republicans’ concerns about their fate in November’s midterm elections. However,

By Hadas Gold, CNN (CNN) — The family of a victim of last year’s Florida State University mass shooting filed a lawsuit Sunday against OpenAI, alleging ChatGPT “inflamed and encouraged” accused shooter Phoenix Ikner’s “delusions” ahead of the attack. The lawsuit filed in Tallahassee follows the first criminal investigation against OpenAI opened by Florida Attorney

By Brian Stelter, CNN (CNN) — Five years ago, Wordle was just a game that creator Josh Wardle played with his partner. Wardle sold the game to The New York Times. Now it’s becoming a prime-time game show on NBC. The “Wordle” show, announced Monday, is slated to premiere sometime in 2027, the network said.

By Chris Isidore, CNN (CNN) — Chris Bambury’s family has been selling gas in Sonoma Valley, California, for more than 100 years, but never at prices like this. The price at his two stations was $6.29 for a gallon of regular gas last week, which is actually cheap for his part of California — AAA

By Lisa Eadicicco, CNN New York (CNN) — AI probably won’t take your job anytime soon. At least not all of it. Concerns about artificial intelligence replacing human workers have simmered over the past year as companies slash headcounts, AI models grow more capable of office work and businesses integrate AI more deeply into their

By Michael Ballaban, CNN (CNN) — To board the yacht named Christina, in the glamorous late middle of the 20th century, was to float amid the highest levels of fame, celebrity and royalty: Winston Churchill! Liza Minnelli! Rudolf Nureyev! Its owner, the Greek shipping magnate and definitive international playboy Aristotle Onassis, equipped it with a

By John Towfighi, Norma Galeana, CNN (CNN) — Mother’s Day expenses can pile up fast. There’s brunch. Gifts. Cards. And, of course, flowers –– which might not break the bank, but are getting pricier because of higher costs along the journey from garden to table. Flowers delivered to loved ones on Mother’s Day travel through

By Clare Duffy, CNN New York (CNN) — A group of rural Utah residents wants a chance to vote in November to oppose a massive AI data center development — the latest example of Americans resisting new data center projects over fears they’ll disrupt the environment and their communities. The Utah project was approved by

By Elisabeth Buchwald, CNN (CNN) — On paper, the American job market appears to be on relatively strong ground. Last month, employers hired 115,000 new workers, nearly double what economists forecast. And, at 4.3%, the unemployment rate is still at a historic low. But surveys and other sources of labor market data indicate that Americans

By Brian Stelter, CNN (CNN) — ABC is accusing the Trump administration’s media regulator of threatening broadcasters’ First Amendment rights. In an extraordinary legal letter to the Federal Communications Commission, the network accuses the agency of threatening “to upend decades of settled law and practice and chill critical protected speech.” At issue, specifically, is “The

By Bryan Mena, CNN Washington (CNN) — Consumer sentiment continued to decline this month, reaching a fresh record low as the war in Iran drags on, keeping energy prices elevated. The University of Michigan’s latest consumer survey, released Friday, showed sentiment fell early this month to a preliminary reading of 48.2, the lowest on records

By Alicia Wallace, CNN (CNN) — The US economy added a stronger-than-expected 115,000 jobs last month and the unemployment rate stayed at 4.3%, an indication of resilience at a time when war and high gas prices loom large. April’s employment gains mark an expected retreat from March, when a revised 185,000 jobs were created, boosted

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump’s 10% across-the-board tariffs are in jeopardy after a federal court ruled them illegal on Thursday, dealing a second major blow this year to the president’s signature economic policy. In a 2-1 ruling, the panel of judges at the US Court of International Trade found the administration

By Hadas Gold, CNN (CNN) — Shivon Zilis was an under-the-radar executive at Elon Musk’s companies and an OpenAI board member back in 2022. But she was hiding a major secret – Musk was the father of her twins born the year before. Now, her ties to the Tesla CEO have put her at the

By Lisa Eadicicco, CNN (CNN) — Google wants to be your go-to fitness coach and wellness adviser… even if you have an Apple Watch. The tech giant announced a slew of health updates on Thursday that put its AI coach front and center, part of a broader strategy to compete with OpenAI, Microsoft and a

By Nathaniel Meyersohn, CNN New York (CNN) — New York City Mayor Zohran Mamdani stood outside a luxury skyscraper in Manhattan for a video on Tax Day to deliver on his trademark plan: “We’re taxing the rich.” The skyscraper, located on ritzy Central Park South and built at a cost of $1.5 billion, seemed a

By Alicia Wallace, CNN (CNN) — When the April jobs report is released Friday morning, it is expected to show that the US labor market added 67,000 positions. If so, that’s roughly one-third of the 178,000 jobs created in March. While in comparison the April total may seem like a sharp deceleration or a tepid

By Matt Egan, CNN New York (CNN) — Shirley Modlin started her manufacturing business 20 years ago in her garage with her husband. Now, she fears the company won’t survive. Modlin’s tiny company based in Powhatan, Virginia, faces major delays on components and price hikes of up to 400% that she blames on tariffs. She

By Bryan Mena, CNN Washington (CNN) — Tension is building among the policymakers tasked with wrangling inflation as the economic effects of the US-Israeli war with Iran broaden. When Federal Reserve officials convened on March 17-18, just a few weeks after the war broke out, Chair Jerome Powell said any effects on inflation would likely

By John Towfighi, CNN (CNN) — The US stock market isn’t the only market that’s rebounded to record highs. Stock indexes in Taiwan, South Korea and Japan have clinched fresh records in recent trading sessions, bouncing back after tumbling in March. Asian countries are heavily reliant on oil imports from the Middle East that have

By Vanessa Yurkevich, CNN (CNN) — For tens of thousands of seafarers on the 1,600 ships stuck in the Strait of Hormuz, “Project Freedom” was anything but. President Donald Trump’s operation to “guide” ships through the strait lasted just 48 hours. Only two ships were guided through. Now, shipping companies and stranded seafarers are again

By Brian Stelter, CNN (CNN) — Banks scoffed. Potential partners rejected him. Newspaper owners mocked the idea. But Ted Turner persevered and won. Turner faced an extraordinary uphill battle to launch CNN in 1980. Before the network became an institution, a shorthand for 24/7 breaking news around the world, it was a dare that many

By Nathaniel Meyersohn, CNN New York (CNN) — No one likes higher taxes. But New York City Mayor Zohran Mamdani’s plan to tax wealthy residents’ second homes has elicited a highly emotional response from two of the city’s richest. “Creepy and weird,” is what Ken Griffin had to say Tuesday at a conference about Mamdani’s

By Chris Isidore, CNN (CNN) — Jet fuel prices nearly doubled. Airlines cut flights. Travelers were still buying tickets. That was already a pretty good recipe for higher airfares. And then, Spirit Airlines went out of business. Passengers were already paying more to fly – even before the industry lost the budget airline famous for

By Jordan Valinsky, CNN New York (CNN) — Sweetgreen is hoping to lure back cash-strapped desk workers who have grown tired of its salads with sandwiches. The chain will begin selling chicken wraps — four versions priced under $15 — on Wednesday, marking Sweetgreen’s latest effort to revive sales and shake the perception that it’s

By Hadas Gold, CNN (CNN) — Google, Microsoft and xAI will share unreleased versions of their AI models with the government to curb cybersecurity threats, the National Institute of Standards and Technology announced on Tuesday. The partnership comes after Anthropic’s powerful new Mythos AI model pushed concerns about AI’s impact on cybersecurity to a tipping

By Liam Reilly, CNN (CNN) — The Equal Employment Opportunity Commission sued The New York Times on Tuesday, escalating a months-long investigation into the newsroom and advancing a discrimination case the paper has cast as politically motivated. The lawsuit, filed in the US District Court for the Southern District of New York, was brought on

By Brian Stelter, CNN (CNN) — James Murdoch may be the next owner of New York magazine and Vox Media’s podcast network. Murdoch’s investment company, Lupa Systems, is in talks to acquire the assets for $300 million or more, two people with knowledge of the discussions told CNN. It is unclear if there are active

By Clare Duffy, CNN New York (CNN) — Since independent vehicle crash testing began in the mid-1990s, automakers have been incentivized to make safety changes that have saved thousands of lives each year. Now, a new group is hoping to take a similar approach to artificial intelligence. Nonprofit media watchdog Common Sense Media is launching

By John Liu, Hanna Ziady, CNN (CNN) — Oil prices fell Tuesday after posting sharp gains at the start of the week as fresh attacks in the Gulf raised doubts about the durability of a ceasefire between the United States and Iran. Brent crude, the global oil benchmark, was down 1.4% to $112.9 a barrel

By Tami Luhby, CNN (CNN) — High gas prices are prompting some people to look for new jobs with shorter commutes or work-from-home options. Are you considering switching jobs to reduce how much you are spending on gas? Or are you asking your boss if you can work remotely more often? Are you an employer

By Hadas Gold, CNN (CNN) — Elon Musk sought a potential settlement with OpenAI two days before his massive trial against the ChatGPT maker began last week, a new court filing from OpenAI says. Musk sent a message to OpenAI President Greg Brockman “to gauge interest in settlement” on April 25, according to a filing

By John Towfighi, CNN New York (CNN) — Wall Street wants more proof that Big Tech’s enormous spending on artificial intelligence will pay off. The largest US tech companies are on a spending spree to try and get ahead in the AI race. Amazon (AMZN), Alphabet (GOOG), Meta (META) and Microsoft (MSFT) continue to spends

By Hanna Ziady, CNN London (CNN) — GameStop has offered to buy ecommerce giant eBay for $55.5 billion, a tie-up that the video game retailer’s boss believes could produce a “legit competitor” to Amazon. The offer comes amid something of a revival at eBay, which has pushed to reinvent itself in the face of rising

By Stephanie Yang, CNN (CNN) — Jeffrey Cesari grew up eating ube, a purple yam native to the Philippines, whenever he visited his relatives there. But seven months ago, when he encountered it in a latte at a Turkish cafe, it suddenly sparked a business idea. The 31-year-old former auditor thought if people in Istanbul

By Brian Stelter, CNN (CNN) — In the immediate aftermath of last week’s shooting outside the White House Correspondents’ Dinner, there was widespread skepticism about rescheduling it anytime soon. But attitudes have shifted in recent days, and the consensus is now that the dinner — which doubles as an awards ceremony and fundraiser — should

By Auzinea Bacon, CNN (CNN) — Berkshire Hathaway (BRK.B) on Saturday reported $11.35 billion in operating earnings and a record cash pile in the first quarter under CEO Greg Abel, the successor to famed investor Warren Buffett. Berkshire Hathaway’s massive cash pile rose to more than $397 billion in the first quarter, up from the

WBZ, CNN By Chris Isidore, CNN (CNN) — Spirit Airlines, the pioneering discount airline that shook up the budget travel business, is shutting down its operations. The company is in its second bankruptcy and was in serious financial trouble well before the Iran war sent jet fuel prices surging. America’s eighth-largest carrier tried to reach

By Chris Isidore, CNN (CNN) — Spirit Airlines, the pioneering discount airline that shook up the budget travel business, is shutting down its operations. The company is in its second bankruptcy and was in serious financial trouble well before the Iran war sent jet fuel prices surging. America’s eighth-largest carrier tried to reach a deal

By Zahra Ullah and Ana Archen, CNN Moscow (CNN) — High-energy pop music blares out across the atrium of a glitzy shopping mall in a middle-class Moscow suburb. But what was meant as the soundtrack to the hustle and bustle of shoppers is instead playing to largely vacant and boarded-up glass-fronted units – a poignant

By Antonia Mortensen and Juan Pablo O’Connell (CNN) — In the heart of Emilia‑Romagna, northern Italy, vast climate‑controlled warehouses hide one of the country’s most valuable assets. Towering shelves hold hundreds of thousands of wheels of Parmigiano Reggiano aging slowly, quietly and becoming more valuable with every passing month. To outsiders, it looks like a

By Simone McCarthy, CNN Beijing (CNN) — A sleek SUV offers mechanical foot massages, a luxury minivan has rotating seats to help passengers hop into its third row – and a surprising proportion of models offer in-car karaoke with professional-grade speakers. Others have headlights that can project movies onto a wall to make anywhere a

By Chris Isidore, Donald Judd, CNN (CNN) — Spirit Airlines is set to announce in the coming hours that that it will halt flying as of 3 am ET Saturday, according to two sources familiar with its plans, making it the first significant US airline to halt operations in nearly 25 years. The shutdown comes

By Bryan Mena, CNN Washington (CNN) — One word in the Federal Reserve’s lengthy policy statement released this week is causing consternation among its officials, some of whom are warning that it could end up costing the US economy. That word is “additional.” Since the early 2000s, the Fed has signaled if interest rates could

By Jordan Valinsky, CNN New York (CNN) — The Department of Defense announced Friday an agreement with eight major technology companies to use their artificial intelligence tools in its classified networks. Not included: Anthropic, which the Trump administration has blacklisted over Anthropic’s insistence that the Pentagon include certain safety guardrails for the government’s use of

By Chris Isidore, CNN (CNN) — ExxonMobil and Chevron, America’s two largest oil companies, both reported a sharp drop in profit for the first three months of this year. But much bigger profits likely lay ahead because of rising oil prices during the war with Iran. Oil and gas prices rose in the runup to

By John Towfighi, CNN New York (CNN) — Markets just had a month of seemingly contradictory results. The S&P 500 just had its best month in nearly six years, even though oil prices have surged back above $100 per barrel and bond yields have climbed. Stocks are forward looking and trying to see past the

By Lisa Eadicicco, CNN (CNN) — Apple CEO Tim Cook is used to being asked about the company’s product strategy, tariffs and AI. But on Thursday’s earnings call, one analyst wanted to know: What advice would he give to his successor? Apple on Thursday reported second-quarter earnings and what Cook said was the company’s “best

By Jeanne Sahadi, CNN (CNN) — President Donald Trump signed an executive order Thursday that put some meat on the bones of a retirement savings proposal he introduced in his State of the Union address in February. The proposal is intended to help close the so-called retirement coverage gap, which has left behind more than

By Samantha Delouya, Hadas Gold, Ramishah Maruf, CNN Oakland, Calif. (CNN) — Elon Musk spent the better part of three days on the stand, accusing OpenAI and its executives of deceiving him into donating money to help found what is now one of the world’s biggest AI companies. The lawsuit pits Musk against his former

By Brian Stelter, CNN (CNN) — President Donald Trump says ABC had “better” fire Jimmy Kimmel soon, in his latest broadside against the network and its popular late-night comedian. Trump posted to Truth Social on Thursday morning, “When is ABC Fake News Network firing seriously unfunny Jimmy Kimmel, who incompetently presides over one of the

By Alicia Wallace, CNN (CNN) — Fast-rising gas prices lifted the Federal Reserve’s preferred inflation gauge to 3.5% in March, its highest rate in almost three years, new data showed Thursday. The Personal Consumption Expenditures price index rose 0.7% from February, a faster-than-expected acceleration from the previous monthly pace of 0.4%, the Commerce Department reported

By Bryan Mena, CNN Washington (CNN) — The US economy picked up steam in the beginning of the year as the United States and Israel launched a destabilizing war with Iran that has jacked up prices and is still ongoing. Gross domestic product, which measures all the goods and services produced in the economy, registered

By Elisabeth Buchwald, CNN (CNN) — After eight years spanning three administrations, 66 interest-rate-setting meetings, a pandemic, a criminal probe and countless attacks from the Trump administration, Jerome Powell capped his final policy meeting as chair of the Federal Reserve on Wednesday. But he’s not going far: While Powell’s term as chair ends on May

CNN By John Liu, Stephanie Yang and Hanna Ziady, CNN Hong Kong/London (CNN) — Oil briefly surpassed $126 a barrel Thursday, its highest price in four years, as some traders worried about an escalation in the US-Iran war that would keep the Strait of Hormuz effectively shut. Brent crude, the global benchmark, surged overnight to

By John Liu, Stephanie Yang and Hanna Ziady, CNN Hong Kong/London (CNN) — Oil briefly surpassed $126 a barrel Thursday, its highest price in four years, as some traders worried about an escalation in the US-Iran war that would keep the Strait of Hormuz effectively shut. Brent crude, the global benchmark, surged overnight to touch

By Jeanne Sahadi, CNN (CNN) — Wednesday marked the last meeting of the Federal Open Market Committee under the leadership of Federal Reserve Chair Jerome Powell. Powell chaired his first of more than 65 meetings in March 2018. During his eight years at the helm, the FOMC raised the central bank’s key overnight lending rate

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve on Wednesday kept interest rates unchanged for a third consecutive meeting, with some key policymakers signaling concern over still-elevated energy prices due to the US-Israeli war with Iran. Fed officials kept the benchmark lending rate in a range of 3.5-3.75%, in what was Jerome Powell’s

By Samantha Delouya, Hadas Gold, CNN Oakland, Calif. (CNN) — Elon Musk sparred with OpenAI’s attorney under cross examination on the second day of his testimony, as lawyers for both sides zeroed in on his souring relationship with the organization that kicked off the AI race. Musk claims OpenAI betrayed its initial nonprofit mission when

By Clare Duffy, CNN New York (CNN) — Seven families of victims in a February school shooting sued OpenAI and CEO Sam Altman on Wednesday, alleging the company and its ChatGPT chatbot were complicit in the injuries or deaths of their children. The lawsuits follow an apology from Altman last week to the Tumbler Ridge

By Hadas Gold, CNN (CNN) — OpenAI is expanding access to its most advanced AI models to help businesses and governments shore up their cyber defenses, a sharp contrast to rival Anthropic, which says controlling access to its models is the best way to boost global cybersecurity. The difference in the two companies’ approaches to

KGO, VICKI BEHRINGER, CNN By Hadas Gold, Samantha Delouya, Ramishah Maruf, CNN Oakland, California (CNN) — Sam Altman and Greg Brockman, the leaders of ChatGPT-maker OpenAI, sat in an Oakland, California courtroom on Tuesday as former collaborator and one-time mentor Elon Musk testified that the pair conspired to try to “steal a charity.” Musk was

By Hadas Gold, Samantha Delouya, Ramishah Maruf, CNN Oakland, California (CNN) — Sam Altman and Greg Brockman, the leaders of ChatGPT-maker OpenAI, sat in an Oakland, California courtroom on Tuesday as former collaborator and one-time mentor Elon Musk testified that the pair conspired to try to “steal a charity.” Musk was the first witness called

By Matt Egan, CNN Washington (CNN) — Federal Reserve Chair Jerome Powell is no stranger to tough decisions, but now he faces one of his toughest and most personal calls yet: Leave the stage or stick around in a supporting role once his replacement takes the helm of the US central bank. Powell’s term as

By Brian Stelter, CNN (CNN) — On the day that the Trump administration challenged ABC’s station licenses, Jimmy Kimmel had a message for President Donald Trump: The show goes on. On Tuesday night’s episode of “Jimmy Kimmel Live!” the comedian did not refer to the news about the network’s parent company, Disney, coming under highly

By Chris Isidore, CNN (CNN) — Spirit Airlines isn’t the only discount carrier seeking federal help to endure the current spike in jet fuel prices. An association of discount carriers is also seeking $2.5 billion in assistance. The Association of Value Airlines, the trade group for smaller airlines like Spirit as well as Frontier, Allegiant

By Brian Stelter, CNN (CNN) — As the Trump administration pressures ABC to fire Jimmy Kimmel, the Trump-aligned FCC is challenging the network’s station licenses, setting up a legal battle with ABC’s parent company Disney. “Disney’s ABC is hereby directed to file license renewals for all of their licensed TV stations within 30 days —

By Hanna Ziady, Mostafa Salem, Sarah Tamimi CNN London/Abu Dhabi (CNN) — The United Arab Emirates will leave OPEC, a decades-old cartel of the world’s top oil exporters, delivering a shock that will ripple through global oil markets at a time of unprecedented turmoil caused by the Iran war. The UAE plans to withdraw from

By Jordan Valinsky, CNN New York (CNN) — The latest craze in fast food is actually a beverage, albeit one that’s hard to define. From Starbucks to Sonic, Dunkin’ and soon McDonald’s, several chains are adding or expanding their beverage lineup with “Refreshers” — drinks flavored with fruit that have bright colors and appeal to

By Samantha Delouya, Hadas Gold, CNN (CNN) — Elon Musk on Tuesday testified that his lawsuit against OpenAI and its leaders goes well beyond one company and into the future of a technology that “could also kill us all.” Musk has accused OpenAI, its CEO Sam Altman and president Greg Brockman deceived him and betrayed

By Hanna Ziady, CNN London (CNN) — Taylor Swift has filed new trademark applications for two voice clips and one image that a trademark attorney says are “specifically designed” to protect the pop superstar from threats posed by artificial intelligence. The filings highlight the challenges that AI poses to the entertainment industry, as AI tools

By Tami Luhby, CNN (CNN) — Jan Gautam may soon have to let go of hundreds of workers at dozens of hotels in Florida. That’s why the CEO of IHRMC Hotels & Resorts is closely watching an immigration case that’s before the Supreme Court this week. The employees are Haitians with Temporary Protected Status, known

CNN By Brian Stelter, CNN (CNN) — On the day that the Trump administration challenged ABC’s station licenses, Jimmy Kimmel had a message for President Donald Trump: The show goes on. On Tuesday night’s episode of “Jimmy Kimmel Live!” the comedian did not refer to the news about the network’s parent company, Disney, coming under

By Brian Stelter, CNN (CNN) — Late-night host Jimmy Kimmel found himself defending Americans’ right to free speech on Monday, after a joke he made several days ago prompted calls from the White House for ABC to fire him – again. “You know sometimes you wake up in the morning and the first lady puts

By Jeanne Sahadi, CNN (CNN) — The April 15 tax deadline has come and gone. And more households got money back this year compared to last year’s filing season. However, the average refund was lower than the Trump administration had estimated. All in, the IRS had received 140.222 million income tax returns by the week

By Hanna Ziady, CNN London (CNN) — Shares in Adidas climbed Monday, after Kenya’s Sabastian Sawe set a new world record in the London Marathon on Sunday while wearing the German sportswear maker’s newest running shoe. Adidas gained nearly 2% in the early afternoon in Frankfurt, before paring gains to trade 1.4% higher at €138

By John Liu, CNN Hong Kong (CNN) — China has moved to block Meta’s $2 billion acquisition of Chinese-founded artificial intelligence startup Manus, a decision that reflects Beijing’s concerns that it could lose key technology to the United States amid an intensifying tech war. The country’s state planner made a brief statement Monday demanding the

By Hadas Gold, CNN (CNN) — A group of regular people who might not even know much about artificial intelligence could soon determine OpenAI’s future. Elon Musk’s lawsuit against ChatGPT maker OpenAI and its leaders, including CEO Sam Altman, heads to court Monday. Some of the biggest names in tech are expected to testify about

By Stephanie Yang, CNN (CNN) — The war in Iran has sent oil-starved countries scrambling for fuel. Many are opting for energy alternatives — and turning to the renewables king of the planet: China. Chinese exports of solar technology, batteries and electric vehicles all reached record highs in March, according to energy think tank Ember,

By Auzinea Bacon, CNN (CNN) — Oil prices rose Sunday after an Iranian official warned that the Strait of Hormuz will “under no circumstances” return to its previous state. Brent crude, the international benchmark, was up about 2.14% to $107.58. US crude was up 2.08% to $96.36. Iran’s president Masoud Pezeshkian told Pakistani Prime Minister

By Auzinea Bacon, CNN (CNN) — Sen. Thom Tillis, a Republican from North Carolina who sits on the banking committee that approves Federal Reserve nominees, said Sunday he will support Kevin Warsh’s appointment as the next Fed chair. “I am prepared to move on with the confirmation of Mr. Warsh. I think he’s going to

By Samantha Delouya, CNN (CNN) — Home shoppers scrolling through real estate search engines like Zillow or Redfin this spring may notice some unusual listings: homes labeled “Coming Soon” or “Preview.” They look like regular listings, with property photos and neighborhood details – but one key feature is missing: sales history, the information buyers use

By Chris Isidore, CNN (CNN) — The soaring cost of jet fuel due to the war in Iran will lead to significantly higher airfares. But don’t expect ticket prices to drop once fuel prices start to decline. Higher fares are being driven by strong demand for travel as much as the cost of fuel. Despite

By Ramishah Maruf, CNN New York (CNN) — Gennadiy Tsygan knows how expensive it is to build a home in the United States. That’s why he imported almost everything for his dream house from China. Most of his home fixtures were imported directly from over two dozen factories, and Tsygan — an engineer in Baltimore

By Jeanne Sahadi, CNN (CNN) — Just looking at the raw numbers, less than 1% of filers have been audited by the IRS in recent tax years. Based on the latest data available, for example, in tax year 2021 the IRS pursued a mere 0.3% of filers overall. The audit rate has been higher for

By Lisa Eadicicco, CNN (CNN) — Microsoft is offering about 7% of its US workforce the option to retire early, the latest attempt by a major tech firm to downsize while ramping up artificial intelligence investments. The one-time retirement program, a company first, will be available to employees whose age and years of service total

By Lucy Bayly, David Goldman, CNN (CNN) — The Trump administration’s extraordinary criminal investigation of Federal Reserve Chair Jerome Powell is over, removing significant uncertainty that had been clouding the future of the world’s most important central bank. Jeanine Pirro, the US Attorney for the District of Columbia, announced on X Friday that she is

By Alicia Wallace, CNN (CNN) — Americans still feel lousy about the economy and worry that the US-Israeli war with Iran will continue to push up prices. The University of Michigan’s final consumer sentiment reading for April measured 49.8, a slight improvement from the preliminary report earlier this month but still at the lowest level

By Brian Stelter, CNN (CNN) — In the same way that President Donald Trump’s second term is unlike any other, this weekend’s White House Correspondents’ Dinner will be unlike any other. Trump will be attending the gala for the first time as president and speaking before thousands of journalists and politicos — leaving attendees to

By John Liu, CNN Hong Kong (CNN) — China’s DeepSeek unveiled a preview version of its much-anticipated new model on Friday, promising to rival models from OpenAI, Anthropic and Google a year after the then little-known start up took the global AI industry by storm. The Hangzhou-based company highlighted major upgrades in the new model

By Lisa Eadicicco, Clare Duffy, CNN (CNN) — Meta said on Thursday it plans to lay off roughly 10% of its workforce, or about 8,000 people, the latest in a string of tech industry layoffs fueled in part by artificial intelligence. The company is also closing around 6,000 open roles, Janelle Gale, Meta’s chief people

By Chris Isidore, Donald Judd, CNN (CNN) — President Donald Trump said Thursday that he would consider purchasing the embattled Spirit Airlines “if we can get it at the right price.” “Spirit is an airline that has had some trouble,” Trump said. “They have some good aircrafts, some good assets, and when the price of

By Lisa Eadicicco, CNN (CNN) — Foreign entities primarily based in China have conducted “industrial-scale” campaigns to crib frontier AI models from US companies, Michael Kratsios, White House director of the office of science and technology policy, said in a memo on Thursday. The effort entails using tens of thousands of surrogate accounts to go

CNN By Brian Stelter, CNN (CNN) — Warner Bros. Discovery shareholders have cleared the way for CNN, HBO and Warner’s other media brands to join Paramount Skydance later this year. Shareholders “overwhelmingly” voted in support of the takeover deal, WBD said after a pro forma special meeting took place on Thursday morning. The vote was

By Brian Stelter, CNN (CNN) — The New York Times said the Federal Bureau of Investigation “began investigating” its reporter Elizabeth Williamson after she wrote a story involving FBI director Kash Patel titled “Patel’s girlfriend seeks fame and fortune, escorted by an FBI SWAT team.” Times executive editor Joe Kahn called the probe an “alarming”

By Brian Stelter, CNN (CNN) — Warner Bros. Discovery shareholders have cleared the way for CNN, HBO and Warner’s other media brands to join Paramount Skydance later this year. Shareholders “overwhelmingly” voted in support of the takeover deal, WBD said after a pro forma special meeting took place on Thursday morning. The vote was anticlimactic,

By John Towfighi, CNN New York (CNN) — Brent crude has climbed back above $100 per barrel and the Strait of Hormuz, a critical artery for the global economy, remains closed. But the stock market is brushing off the turmoil. The S&P 500 and Nasdaq Composite hit record highs on Wednesday, resuming a rally despite

By Andrew Kirell, CNN (CNN) — A federal judge on Wednesday tossed out prominent Trump ally Laura Loomer’s defamation lawsuit against Bill Maher and HBO, ruling that the “Real Time” host’s joke about her constituted protected speech and not defamation. Maher suggested during his September 13, 2024, broadcast that Loomer, a far-right activist with a

By Chris Isidore, CNN (CNN) — Spirit Airlines is close to getting a bailout from the federal government, an attorney for Spirit said during a bankruptcy hearing Thursday. The deal is expected to include the federal government taking a stake in the troubled airline, which had struggled to make money ever since the Covid pandemic.