CNN – Business/Consumer

By Allison Morrow, CNN New York (CNN) — For years, the crypto industry has tried to shed its affiliation with crime while marketing itself as a safe alternative to traditional banking and investing. But once again, a record-shattering heist is deepening concerns about crypto’s vulnerabilities. On Thursday, the world’s biggest crypto exchange, Binance, saw more

By Zahra Ullah, Anna Chernova, CNN Moscow (CNN) — Novaya Gazeta, one of Russia’s last independent news outlets, announced on Friday it would close down operations due to pressure from authorities. “Novaya Gazeta has been killed,” Editor-in-chief Sergei Sokolov said in a video statement. “On November 9, we will turn off the lights in the

By John Towfighi, Lucy Bayly, CNN (CNN) — Wall Street suffered a steep day of losses Friday after the latest tech earnings reignited concerns that massive spending on AI may not deliver the returns that investors expect. The Nasdaq Composite dropped 2.86% and the S&P 500 fell 1.82%, each suffering their worst day since June.

By Chris Isidore, Matt Egan, CNN (CNN) — Big Oil minted big money as the Iran war delivered American drivers the highest gas prices on record for the third quarter. The two biggest US oil companies posted huge jumps in profit on Friday. ExxonMobil earned $15.4 billion in the third quarter, slightly more than doubled

By Soph Warnes, Elisabeth Buchwald, CNN (CNN) — For decades, the United States and Canada worked to build one of the world’s closest economic partnerships, with supply chains, businesses and trade increasingly intertwined. But now, with the two countries in the thick of a trade war, Canada is taking a dramatic step to reduce its

By John Liu, CNN Hong Kong (CNN) — The global artificial intelligence boom that has helped sustain Chinese economic momentum this year still can’t offset its domestic woes, particularly in its stock market. Since peaking in June, key Chinese indexes have fallen more than 20%, crossing the threshold for a bear market. Beijing responded last

By Sean Lyngaas, CNN (CNN) — Binance, the world’s largest cryptocurrency exchange, has suspended withdrawals after hackers broke into its digital wallets and stole $6 billion in what appears to be the biggest crypto heist ever. The exchange said Friday that it has begun recovering affected assets and was continuing to work with law enforcement

By John Towfighi, CNN (CNN) — Shares of Google’s parent company tumbled more than 12% on Thursday, their worst day on record — a historic single-day decline bigger than any day during the Covid-19 pandemic or 2008 financial crisis. The drop erased roughly half a trillion dollars in Alphabet’s (GOOGL) market value, the second-largest single-day

By Jordan Valinsky, CNN New York (CNN) — DoorDash is buying rival Instacart in a deal worth roughly $17 billion, signaling that the delivery wars continue to heat up. The deal, announced Thursday, marks an end for Instacart as an independent company. Instacart went public in 2023 and benefited from a pandemic-era boom for the

By Alicia Wallace, Elisabeth Buchwald, CNN (CNN) — US economic growth accelerated last quarter at its fastest pace in a year; however, rising gas prices helped to lift inflation in September to a four-month high, new data showed Thursday. The Personal Consumption Expenditures price index rose 0.5% from August, bringing the annual rate of inflation

By David Goldman, CNN (CNN) — President Donald Trump made an extraordinary announcement this week: Venezuela had gifted the United States 1 million barrels of oil – and it didn’t cost American taxpayers a dime. Tuesday’s announcement apparently surprised one important party to the deal: the producer of the Venezuelan oil. North American Blue Energy

By Ramishah Maruf, CNN New York (CNN) — Leaders at Weil, Gotshal & Manges, the nearly century-old law firm that worked for companies from the Lehman Brothers to General Motors, recommended on Wednesday that the firm shut down. “Following a careful review of strategic alternatives, the Firm’s Management Committee has recommended to the partnership that

By Brian Stelter, CNN (CNN) — CNN, MS NOW and Politico have amended their lawsuit against President Donald Trump’s White House press ban, citing “continued retaliatory and viewpoint-discriminatory deprivation” by the Trump administration. The three news outlets are once again accusing the administration of violating the First and Fifth Amendments. The updates to the lawsuit

CNN, POOL, CENTCOM By Rachel Siegel The Federal Reserve on Wednesday held interest rates steady, even as inflation continues to weigh on American households. The widely expected move leaves the Fed’s benchmark interest rate at a range between 3.75% and 4%. In a statement, Fed leaders said uncertainty was still high, in part because of

By Lisa Eadicicco, CNN (CNN) — Apple once scoffed at the idea of a laptop with a touchscreen. But that all changed on Wednesday when the tech giant announced the MacBook Pro with PROLED XDR Display, its first laptop with a touch-sensitive display. For years, PC makers have been releasing touchscreen computers in an attempt

By Hadas Gold, Lisa Eadicicco, CNN (CNN) — It’s typical for companies that file to go public to include dozens of pages of risk factors outlining the biggest obstacles to their business. What happens if consumers don’t like the product? Are we liable if the product is misused? Anthropic’s IPO filing included a massive and

By Alicia Wallace, CNN (CNN) — The US economy continues to grow at a relatively healthy pace, but American workers aren’t fully reaping the financial rewards. In fact, American workers’ piece of the economic pie is shrinking. By one official measure, their slice is the smallest in almost 80 years. The labor share of income,

By David Goldman, CNN (CNN) — What does Anthropic’s chatbot, Claude, think about the big initial public offering? I asked. (Responses in bold.) Before the substance, a disclosure that matters for your story: I’m Claude, made by Anthropic, the company in this filing. Nice work, Claude! I laughed out loud at this. Looks like Anthropic’s

By Lisa Eadicicco, Clare Duffy, John Towfighi, CNN Anthropic filed for an initial public offering Monday in what could become one of the largest stock market debuts in history — detailing its surging business growth, along with a vast multitude of warnings about how it could all go wrong. Anthropic’s filing with the Securities and