Money

By Alicia Wallace, CNN (CNN) — The US labor market has been amazingly resilient in the face of a barrage of economic shocks. The unemployment rate has been at or under 4.5% for a record-setting five years and Friday’s stronger-than-expected jobs report for October showed that employers are hiring at one of the fastest clips

By Allison Morrow, CNN New York (CNN) — Anthropic couldn’t have picked a worse time to pull off the biggest IPO the world has ever seen. Thursday marked one of the sharpest sell-offs on Wall Street in years. Tech stocks bore the brunt, but almost no equities were spared as fears of an AI slowdown

By Chris Isidore, CNN (CNN) — It looks like the end of the road for the Cybertruck. Elon Musk said Friday that Tesla will wind down production of the vehicle at its factory in Austin, Texas — the only plant that makes the polarizing truck. The change will start “around the middle of next year

By Brian Stelter, CNN (CNN) — President Donald Trump will appear on Sunday’s “60 Minutes” for his first in-depth interview since the Republican Party’s sweeping midterm losses. The interview with the CBS newsmagazine, the highest-rated news program on American TV, was taped on Friday morning. The interviewer was Ross Douthat, the former New York Times

By Alicia Wallace, CNN (CNN) — Job growth surpassed expectations in October, new data showed Friday, with the US economy adding 165,000 jobs. The unemployment rate fell to 4.1% from 4.2%, according to Bureau of Labor Statistics data. Job growth in the previous two months was stronger than initially reported, with a total of 84,000

By Elisabeth Buchwald, CNN (CNN) — A stunning $2.5 trillion was wiped off the value of the tech-heavy Nasdaq on Thursday as investors rushed to dump tech stocks, rattled by fears that Democrats’ midterm victories could slow the AI buildout. But another force made the sell-off more brutal: Investors who had borrowed heavily to bet

By Stephanie Yang, Anna Cooban, CNN (CNN) — An AI-driven stock sell-off that wiped roughly $2.5 trillion in market value off Wall Street eased on Friday, but only after hitting Asian and European markets hard. US tech stocks staged a modest rebound, with the Nasdaq and S&P 500 rising 1.1% and 0.3%, respectively. The Dow,

By Elisabeth Buchwald, John Towfighi, Matt Egan, CNN New York (CNN) — Global markets tumbled after a Wall Street rout wiped out roughly $2.5 trillion in market value Thursday on fears that Democrats’ midterm gains could put the brakes on the AI buildout. South Korea’s Kospi plunged by almost 9% at the market open on

By Jordan Valinsky, CNN New York (CNN) — Wendy’s reported its seventh consecutive quarter of declining sales, prompting the company to reveal a turnaround plan while rejecting a massive takeover offer. Thursday’s earnings caps off a tumultuous period for the 56-year-old chain, which included hundreds of closures, leadership changes and slumping sales. Wendy’s has been

By Chris Isidore, CNN (CNN) — Elon Musk poured nearly half a billion dollars into the midterms to support Republican candidates, most to help Ken Paxton defeat Democrat James Talarico in the Texas Senate race. Talarico won. But it was the other Democrat upsets in the state, for governor and attorney general, that could cause

By Lisa Eadicicco, CNN (CNN) — Tech giants are betting that AI agents will play a key role in how people get things done in the future – from shopping for groceries to returning packages and planning vacations. OpenAI, Meta and Anthropic have made major pushes in this direction with the launch of agents like

By Chris Isidore, Tami Luhby, CNN (CNN) — CVS Health said Wednesday it is splitting into two companies, marking one of the largest shakeups in the healthcare industry. It’s a major reversal of the mergers that brought together the nation’s largest drugstore retailer along with health insurance giant Aetna and pharmacy benefit manager Caremark. One

By Lisa Eadicicco, CNN (CNN) — “Saturday Night Live” poked fun at characters from two of the holiday season’s most anticipated video game releases last month: Link from the upcoming remake of “The Legend of Zelda: Ocarina of Time” and Jason from “Grand Theft Auto VI.” The segment, which aired on October 3, highlighted how

By Clare Duffy, CNN New York (CNN) — Google is rolling out new controls for schools to limit students’ access to the company’s AI tools. But if schools opt out of AI altogether, they’ll also lose access to Google Search. The policy change could mark a major shift in how students and educators interact with

By John Towfighi, CNN (CNN) — In 2021, a group of employees at OpenAI left to start a new company focused on the safe development of artificial intelligence. They named it Anthropic, a word that means “relating to humanity.” Later this month, that company is expected to make its debut on Wall Street in what

By Brian Stelter, CNN (CNN) — A highly contentious midterm election is contributing to higher ratings for many news brands. But not at the Fox News Channel. Fox News remains the most-watched cable channel overall, but its ratings have fallen sharply in recent weeks, prompting speculation that Fox’s Republican-heavy audience is feeling deflated by the

By Lisa Eadicicco, CNN (CNN) — People already use OpenAI’s ChatGPT for things like helping with homework and creating presentations. Now, the tech giant claims its AI models are getting better at everyday tasks largely left up to humans — like shopping and creating a budget. OpenAI on Monday announced a new internal tool for

By Matt Egan, Alicia Johnson, Nina Giraldo, CNN (CNN) — On the campaign trail in 2024, Donald Trump made a series of bold promises to voters about how he would rapidly drive down the cost of living and transform the US economy if they sent him back to the White House. Trump’s economic message resonated

By Jordan Valinsky, CNN New York (CNN) — For decades, it was all the bells and whistles that was the selling point for a fancy coffee machine. Now, consumers are looking for what it lacks. Growing concern over microplastics and sustainability is sparking a wave of plastic-free coffee pods and machines. Coffee companies and appliance