Money

By Clare Duffy, CNN New York (CNN) — Europe doesn’t want to hear any more excuses from tech platforms for why they can’t verify users’ ages. European Commission President Ursula von der Leyen on Tuesday announced a new European age verification app that will give users a sort of digital ID card to prove their

By Allison Morrow, CNN New York (CNN) — Shares of Allbirds — the 2010s pioneer of trendy sneakers and eco-conscious Millennial retail marketing — took flight in an almost comical fashion Wednesday morning after the company announced an extremely 2026 pivot: abandoning its environmental agenda and getting into the AI business. The stock, which had

By John Towfighi, CNN New York (CNN) — A rally in stocks lifted the S&P 500 and Nasdaq Composite to fresh record highs on Wednesday, capping off a strong two-week recovery that has seen the indexes erase all losses tied to the US-Israeli war with Iran. The S&P on Wednesday rose 0.8% to close at

By David Goldman, Bryan Mena, Morgan Leason, CNN (CNN) — President Donald Trump said he will fire Federal Reserve Chair Jerome Powell if he does not step aside when his term at the helm of the central bank expires next month. “Then I’ll have to fire him,” Trump told Fox Business’ Maria Bartiromo Wednesday in

By John Liu, CNN (CNN) — Four months ago, a dozen academics and researchers from China’s top oil and gas producers issued a warning buried in an academic journal: the nation’s quest for self-sufficiency had a critical weak spot. The threat they identified was helium, a colorless, odorless gas with a wide range of uses,

By Hanna Ziady, Stephanie Yang, CNN London/Hong Kong (CNN) — The International Monetary Fund says the world will suffer an oil shortfall this year – even if the war with Iran were resolved this week – becoming the latest major economic body to warn of severe likely and potential impacts of the conflict. The fund

By Brian Stelter, CNN (CNN) — Ahmed Shihab-Eldin, a Kuwaiti-American journalist known for his work at VICE, HuffPost and Al Jazeera, has been detained in Kuwait, according to press freedom advocates, after sharing videos related to the Iran war. The arrest comes as Kuwait and other Gulf states have cracked down on individuals for posting

By Hadas Gold, CNN (CNN) — The suspect in the attack on the home of OpenAI CEO Sam Altman and the company’s headquarters was held without bail on Tuesday in California Superior Court, the Associated Press reported. His arraignment on charges of attempted murder and attempted arson was moved to May 5, according to the

By Brian Stelter, Liam Reilly, CNN (CNN) — Dianna Russini resigned from The Athletic on Tuesday, a week after the star NFL reporter was sidelined amid an internal investigation into her relationship with New England Patriots head coach Mike Vrabel. A spokesperson for The New York Times Company, which owns The Athletic, confirmed her resignation

By Liam Reilly, CNN (CNN) — The Pittsburgh Post-Gazette said Tuesday that it has been acquired by the Baltimore Banner’s publisher, rescuing the paper just weeks before it was set to shut down. The Venetoulis Institute for Local Journalism has reached a deal with Block Communications to acquire the 240-year-old newspaper, Bob Cohn, CEO of

By Bryan Mena, CNN Washington (CNN) — Former Federal Reserve Governor Kevin Warsh, who is President Donald Trump’s pick for the next Fed chair, is set to testify next week before the Senate Banking Committee. Sen. Tim Scott, a top Republican on the committee that approves nomineees to the central bank, teased in a Tuesday

By Alicia Wallace, CNN (CNN) — Fast-rising oil prices sent US businesses’ costs higher in March, lifting wholesale inflation to 4%, the highest annual rate in three years, according to Bureau of Labor Statistics data released Tuesday. The Producer Price Index, which measures the average change in prices received by producers of goods and services,

CNN, KGO, DEPARTMENT OF JUSTICE, GETTY IMAGES, KTRK By Hadas Gold, CNN (CNN) — The man who allegedly threw an incendiary device at the home of OpenAI CEO Sam Altman is facing attempted murder and attempted arson charges, authorities said Monday. Daniel Moreno-Gama, a 20-year-old from Texas, is accused of throwing an incendiary device at

By Hadas Gold, CNN (CNN) — The man who allegedly threw an incendiary device at the home of OpenAI CEO Sam Altman is facing attempted murder and attempted arson charges, authorities said Monday. Daniel Moreno-Gama, a 20-year-old from Texas, is accused of throwing an incendiary device at Altman’s home on Friday night, before going on

By Samantha Delouya, CNN (CNN) — Banning mega investors from buying single-family homes has accomplished a rare feat in Washington: bipartisan consensus. Many housing advocates blamed Wall Street firms buying up homes for a post-pandemic surge in housing costs. Now, with an executive order from President Donald Trump and a Senate bill advancing the idea,

By Hanna Ziady, CNN London (CNN) — Oil prices climbed Monday, after the US military said it would implement a shipping blockade against Iranian ports in the Strait of Hormuz — a move that could test the current ceasefire while further tightening global oil supply. Brent crude, the global oil benchmark, rose 7% to $102

By Auzinea Bacon, CNN (CNN) — Oil prices topped $100 a barrel again on Sunday after President Donald Trump said the US would blockade “any and all Ships trying to enter, or leave, the Strait of Hormuz,” threatening to further disrupt oil flows. Brent crude, the international benchmark, was up 8%, at about $102. US

By Chris Isidore, CNN (CNN) — Reopening the Strait of Hormuz is proving to be difficult. But even if the vital waterway fully opens and oil and other necessary cargo sail out, it won’t be enough to return things to normal. That’s because empty ships will need to sail back into the strait to keep

By Alicia Wallace, CNN (CNN) — Sharply rising gas prices drove inflation to 3.3% in March, the highest rate in nearly two years. Inflation is expected to accelerate in the coming months as aftershocks from the US-Israeli war with Iran spread beyond gas prices. Ripple effects from the Iran war, which began in late February,