Money

By Clare Duffy, CNN New York (CNN) — TikTok has signed the deal backed by President Donald Trump to spin off its US assets to create a new entity with a group of mostly American investors, CEO Shou Chew told employees in a memo Thursday. Although the transaction is not yet complete, the move brings

By Alicia Wallace, CNN (CNN) — Inflation unexpectedly – and sharply – slowed in November, a seemingly welcome change for Americans weighed down by the persistently high cost of living. However, economists were quick to caution Thursday that the Consumer Price Index slowing to 2.7% from 3% in September was likely the result of shutdown-related

By Matt Egan, Chris Isidore, Laura Paddison, Ella Nilsen, CNN (CNN) — President Donald Trump’s social media and crypto company is making a huge bet on a far different industry – nuclear fusion, a potentially lucrative albeit commercially unproven energy technology that could help power a suddenly electricity-starved economy. Trump Media and Technology Group Thursday

By Matt Egan, CNN New York (CNN) — Many workers fear artificial intelligence is coming for their jobs, an idea bolstered by warnings from AI leaders and anecdotes from a recent Federal Reserve report. Yet new research finds the opposite is true – at least for now. Jobs that are highly exposed to AI automation

By Elisabeth Buchwald, CNN (CNN) — It’s been a rough year for job seekers. The last thing they wanted was a Spotify Wrapped-style reminder of that. They got one anyway, when LinkedIn launched an inaugural Year in Review. The summaries informed users how many days they visited the platform, how many new connections they made

By Brian Stelter, CNN (CNN) — Warner Bros. Discovery CEO David Zaslav said Wednesday that the regulatory review of Warner’s deal with Netflix has begun, even as Paramount mounts a hostile takeover bid. Two senators are now coming forward and pressing Attorney General Pam Bondi to recuse herself from the review of the deal. Democratic

By Elisabeth Buchwald, CNN (CNN) — The US government has collected $1 billion in de minimis tariff revenue since rolling back the exemption on low-value packages this spring, according to new data that Customs and Border Protection shared exclusively with CNN. The exemption applied to goods worth less than $800 and contributed to the proliferation

By Brian Stelter, CNN (CNN) — The Oscars telecast will move from broadcasting to streaming in 2029, switching from ABC to YouTube — a watershed moment for the entertainment business. The Academy of Motion Picture Arts and Sciences said Wednesday that YouTube signed a “multi-year deal” for the “exclusive global rights to the Oscars.” The

By Chris Isidore, CNN (CNN) — Federal prosecutors have charged top executives at the subprime auto lender Tricolor with conspiring to defraud lenders and investors of the now-bankrupt company. Tricolor, which went out of business in September, specialized in offering loans and selling used cars to buyers without Social Security numbers or credit histories, often

By Liam Reilly, CNN (CNN) — Warner Bros. Discovery has officially rejected Paramount’s hostile takeover bid, advising its shareholders to do the same. But the battle is far from over. Let’s break down what just happened and what to expect next. So, what just happened? Early Wednesday morning, Warner Bros. Discovery, CNN’s parent company, published

By Lauren Kent, Olesya Dmitracova, CNN (CNN) — The European Union is on the precipice of a momentous decision on whether to use frozen Russian assets to finance more support for Ukraine, an unprecedented plan that has set up a clash between the many member states that support it and Belgium, where the lion’s share

By Chris Isidore, CNN (CNN) — California is threatening to ban sales of Tesla cars in the state for 30 days after a regulator said the term “Autopilot” for its driver assist feature constitutes false advertising. The California Department of Motor Vehicles could have halted Tesla sales in the state immediately, under terms of a

By Brian Stelter, CNN (CNN) — Warner Bros. Discovery is officially rejecting Paramount’s buyout offer, calling it “illusory” and arguing that the existing plan to sell most of the media company to Netflix is a better deal for shareholders. Warner, abbreviated as WBD, is the parent company of CNN. On Wednesday morning, the company filed

By Lisa Eadicicco, CNN (CNN) — One of the Apple Watch’s biggest threats has no screen, weighs about a fifth of an ounce and charges a monthly subscription for most of its features. Yet Oura is on pace for $1 billion in sales this year, boosted by its presence on the fingers of celebrities including

By Jeanne Sahadi, CNN (CNN) — The One Big Beautiful Bill Act, which was signed into law in July, created several new tax provisions and made changes to others that are in effect for this year. So it’s worth having the rundown of some of the key ones before preparing your 2025 tax return. Some

By Nayeli Jaramillo-Plata, Matt Egan, CNN New York (CNN) — President Donald Trump promised voters in 2024 that if they returned him to the White House, his policies would deliver a blue-collar jobs boom. “We’re going to have a manufacturing boom,” Trump said during a September 2024 rally in battleground Georgia. Trump said his policies

By Lianne Kolirin, CNN London (CNN) — Plans to ban the sale of new combustion engine cars in the European Union by 2035 have been thrown into turmoil after pressure from car manufacturers. On Tuesday, the European Commission proposed applying the ban, approved in 2023, to only 90% of vehicles, down from 100%. This means

By David Goldman, CNN (CNN) — America’s cost-of-living problem is simple math: Inflation spiked several years ago and paychecks haven’t had enough time to catch up. The latest jobs report revealed Tuesday that the problem got even worse last month – and a separate inflation report Thursday could show that the crunch is really on.