CNN – Business/Consumer

CNN By Hadas Gold, Samantha Delouya, CNN (CNN) — Elon Musk waited too long to sue OpenAI and its leaders, a jury in Oakland, California, decided on Monday. A lawsuit he filed was barred by the statute of limitations, the jury found after about 90 minutes of deliberation. Their verdict was advisory, but Judge Yvonne

By Hadas Gold, Samantha Delouya, CNN (CNN) — Elon Musk waited too long to sue OpenAI and its leaders, a jury in Oakland, California, decided on Monday. A lawsuit he filed was barred by the statute of limitations, the jury found after about 90 minutes of deliberation. Their verdict was advisory, but Judge Yvonne Gonzalez

By Jordan Valinsky, CNN New York (CNN) — Lululemon has publicly rejected founder Chip Wilson’s ideas to fix the struggling athleisure brand, which includes an overhaul of its board, with some strongly worded criticisms of its former leader. Wilson, who is also the company’s second largest shareholder, launched his latest salvo last December in his

By Brian Stelter, CNN (CNN) — Stephen Colbert is going out with a smile — and with many jokes at CBS and its parent company Paramount’s expense. Colbert is signing off “The Late Show” this week as CBS ends the iconic late-night TV franchise. Many “Late Show” fans are disappointed, even angry, about the cancellation,

By Chris Isidore, Hanna Ziady, CNN New York (CNN) — New Yorkers were dealt travel headaches Monday, as service on the vital Long Island Rail Road remains suspended because of a historic strike, although there is reason to hope that the strike could be a short one. “It’s much more promising today than it was

By John Towfighi, CNN (CNN) — Consumer prices in April rose at the highest annual rate in three years, putting inflation back into focus. Inflation eats away at the value of your dollar. Smart investing, however, can build wealth at a rate that outpaces inflation over time. And there are different strategies to make portfolios

By Matt Egan, CNN New York (CNN) — The energy crisis is a financial nightmare for Main Street and a political nightmare for the White House. Inflation is racing back to life, real wages are shrinking and voters are blaming President Donald Trump for $4.50-a-gallon gas. Trump now faces a break-the-glass moment to avoid gas

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve is yapping too much about the economy, according to Kevin Warsh, the US central bank’s incoming leader. During his confirmation hearing last month, Warsh argued that Fed officials “speak quite frequently” and stressed that “truth-seeking is more important than repetition.” “If one has a press

By Daniela Pierre-Bravo (CNN) — Marco, 26, graduated from one of the country’s top medical schools last week. He found his calling after witnessing his grandmother battle cancer, and he sometimes worked up to 40 to 60 hours a week to afford his education. That dream is now in jeopardy. Marco is one of the

By Chris Isidore, CNN (CNN) — Transit workers for the Long Island Rail Road, the nation’s largest commuter railroad, are on strike, potentially stranding hundreds of thousands of weekday passengers in the New York City area. The strike by the five unions representing 3,500 workers, the first at the railroad since 1994, has brought all

By Nathaniel Meyersohn, CNN New York (CNN) — Nvidia CEO Jensen Huang, who has a net worth estimated at roughly $200 billion, was recently asked about California’s wealth tax proposal that has some billionaires riled up. “It’s fine,” he said. “I never once thought about it.” Many billionaires are frustrated over blue states’ and cities’

By Bryan Mena, CNN Washington (CNN) — The sharpest economic decline in American history, the highest inflation in more than 40 years, aggressive political attacks from the White House, and the worst-ever global energy shock. Those are some of the extraordinary events that unfolded during the eight-year chairmanship of Jerome Powell at the Federal Reserve,

By Jordan Valinsky, CNN New York (CNN) — Nearly a year after Trump Mobile started taking $100 deposits and a few days after its website updated to say delivery was “conditional,” the gold-plated Trump Phone will begin shipping this week, the company announced. The $499 Trump Phone, officially known as the Trump Mobile T1 and

By Chris Isidore, CNN (CNN) — The auto industry’s massive pullback from its electric vehicle plans has claimed another victim: Honda, which posted its first annual loss since 1955. Honda and other global automakers downshifted their EV ambitions after the Trump administration changed US emissions rules and ended a $7,500 tax credit for American buyers.

By Bryan Mena, CNN Washington (CNN) — The war with Iran is forcing Americans to pay more for gasoline as people cut back on purchases of some long-lasting goods. Retail sales climbed 0.5% in April from the prior month, the Commerce Department said Thursday, down from March’s 1.6% and marking the third consecutive monthly increase.

By Elisabeth Buchwald, CNN (CNN) — Winning a landmark Supreme Court case against President Donald Trump’s most sweeping tariffs was one thing. Actually getting his illegally collected tariff money back from the government, though, was practically inconceivable to Victor Schwartz, owner of wine importer VOS Selections and the lead plaintiff in that case. On Wednesday,

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump’s latest Iran war pitch to American consumers: Short-term pain will bring long-term gain. But Tuesday’s ugly consumer inflation report, Wednesday’s uglier wholesale inflation report and some worrying bond market signals all point to one thing. The pain will not be short-lived. Wednesday’s Producer Price Index report

By Jeanne Sahadi, CNN (CNN) — If you’re financially pressed, confused about money, or just want a little free help figuring out how to improve your cash flow, you may be tempted to use AI. But you should know how to protect yourself before chatting about your finances with any AI tool (eg, ChatGPT, Copilot,

By Hadas Gold, Samantha Delouya, Lisa Eadicicco, CNN Oakland, Calif. (CNN) — Elon Musk’s lawyer began his cross examination of OpenAI CEO Sam Altman in court on Tuesday with a brief question: “Are you completely trustworthy?” Musk is suing the company and its leaders over allegations that OpenAI, Altman and president Greg Brockman breached their