Money

By Michelle Watson, CNN (CNN) — Someone could become $1.5 billion richer after this evening — if they pick the winning numbers in the latest Powerball jackpot. Saturday’s jackpot is the fifth largest in the Powerball game and the seventh largest among US lottery jackpots, according to a Friday news release. “This jackpot is set

By Chris Isidore, CNN (CNN) — California could soon be running short of gasoline, potentially hiking some of the highest gas prices in the country. Refineries in the state have been closing for years with two more set to shutter soon: a Los Angeles-area refinery at the end of the month and a Bay Area

By Leigh Waldman, Joel Williams, CNN (CNN) — For over a century, Broadway has been at the heart of New York City culture, with glittering marquees welcoming millions of tourists and locals every year. But Broadway musicals are now struggling to make a profit, as affordability concerns impact all aspects of American life. Musical producers

By Clare Duffy, CNN New York (CNN) — On Thursday afternoon in New York City, I sat down with Flock Safety CEO Garrett Langley. We met to discuss the company’s expansion from making cameras for reading license plates to building drones for law enforcement, and his response to recent privacy concerns surrounding Flock’s technology. Just

By Chris Isidore, CNN (CNN) — The Delaware Supreme Court has restored a massive pay package awarded to Tesla CEO Elon Musk in 2018 that had twice been voided by a lower court judge. The package awarded Musk the option to purchase 303 million split-adjusted shares, a package worth $139 billion at Friday’s closing share

By Clare Duffy, CNN New York (CNN) — There’s a giant question hanging over the tech industry: How long will its massive investments in AI infrastructure really last? Tech giants are shelling out hundreds of billions of dollars on artificial intelligence infrastructure — mainly, data centers and the chips that power them. It’s an investment

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