CNN – Business/Consumer

By Bryan Mena, CNN Washington (CNN) — Federal Reserve Chairman Kevin Warsh faced intense grilling Wednesday from Democratic Sen. Elizabeth Warren, who demanded to know whether he had questioned a colleague about reports that she attended a meeting with bankers last month that may have violated Fed rules, fueling a heated exchange about ethics. The

By Elisabeth Buchwald, CNN (CNN) — Inflation at the wholesale level cooled last month, helped by a sharp drop in energy prices, according to data released Wednesday by the Bureau of Labor Statistics. On an annual basis, the Producer Price Index, which measures the prices businesses receive for their goods and services, slowed at a

By Stephanie Yang, John Liu, CNN Hong Kong (CNN) — China is struggling to offset economic challenges both at home and abroad, as its economy grew at a slower-than-expected pace in the second quarter of the year. On Wednesday, China’s National Bureau of Statistics said the economy grew 4.3% in the quarter ending June 30,

By Hadas Gold, CNN (CNN) — The White House is establishing a new AI cybersecurity clearinghouse to help coordinate cybersecurity defenses across critical infrastructure. Industries and critical infrastructure are racing to catch up with new AI models with increasingly advanced abilities that can find and exploit (but also defend against) cybersecurity vulnerabilities. Some AI companies

By David Goldman, CNN (CNN) — Just before the United States reimposed its naval blockade of Iranian ports Tuesday afternoon, Iran appeared to be readying blockade-busting vessels in the Persian Gulf that could attempt to evade US military forces. Twenty-three Iranian vessels operating inside the Strait of Hormuz are fraudulently flagged, recently turned their transponders

By Ramishah Maruf, Clare Duffy, CNN New York (CNN) — Apple avoided responsibility for the alleged circulation of child sexual abuse material on iCloud after a judge dismissed a lawsuit against the company on Tuesday. The onus should be on lawmakers to protect children instead, the judge said. The proposed class action was filed by

CNN By Bryan Mena, CNN Washington (CNN) — Federal Reserve Chairman Kevin Warsh on Tuesday offered his most detailed account yet of the sweeping changes he’s ushering in at America’s central bank and the philosophy behind them. Warsh appeared before the House Financial Services Committee to deliver the Fed’s semiannual Monetary Policy Report, a routine

By Bryan Mena, CNN Washington (CNN) — Federal Reserve Chairman Kevin Warsh on Tuesday offered his most detailed account yet of the sweeping changes he’s ushering in at America’s central bank and the philosophy behind them. Warsh appeared before the House Financial Services Committee to deliver the Fed’s semiannual Monetary Policy Report, a routine overview

By Elisabeth Buchwald, CNN (CNN) — The Trump administration says its trade fraud crackdown has already topped $1 billion in recoveries and alleged losses, less than a year after the launch of a task force dedicated to this initiative. The figure includes money recovered through criminal and civil cases, including penalties, settlements, restitution, asset forfeitures

By Chris Isidore, CNN (CNN) — Warren Buffett didn’t give anything to the Gates Foundation this year, instead directing nearly $6 billion in shares of Berkshire Hathaway to four foundations related to his own family. Buffett, who was a founding trustee of the Gates Foundation, started “The Giving Pledge” with Bill Gates and his then-wife

By David Goldman, CNN (CNN) — An extraordinary warning from IBM CEO Arvind Krishna sent shares plunging – on pace for their worst day in the 115-year-old company’s history. IBM (IBM) shares plunged 24% in premarket trading. Its worst day ever was October 19, 1987 – aka Black Monday – when shares fell 23.7%, mirroring

By Elisabeth Buchwald, CNN (CNN) — Since the US-Israeli war with Iran broke out, shipping companies have been calling for greater protection for vessels to safely cross through the Strait of Hormuz, a critical trade route that is controlled by Iran. President Donald Trump now says the United States can provide that — but in

By Brian Stelter, CNN (CNN) — Twelve states have sued to block Paramount’s takeover of Warner Bros. Discovery, CNN’s parent, kicking off a high-stakes antitrust battle that could impede the media mega-merger. California Attorney General Rob Bonta said the antitrust lawsuit, filed Monday in the Northern District of California, is necessary because “this merger would

By Brian Stelter, CNN (CNN) — For President Donald Trump, this latest leak hunt is really personal. Last week, reporters at The New York Times received subpoenas referencing “an alleged violation of federal criminal law” just two days after they published a story contradicting Trump’s claims about the new Qatari-gifted Air Force One. Journalists involved

By Lisa Eadicicco, CNN (CNN) — Thinking about buying a new laptop or game console anytime soon? Be prepared to pay up. Point the finger at the AI boom. Data centers have led to a surge in demand for memory, a critical piece of computer hardware that’s needed to quickly process information. While that’s good

By Chris Isidore, CNN (CNN) — Toyota announced last week it would do something other automakers have been reluctant to do – shift some production from Mexico to the United States. The Japanese automaker will soon build half of its best-selling midsize Tacoma pickups at an expanded plant in San Antonio, where it already builds

By Ramishah Maruf, CNN New York (CNN) — The CPAP Baddies assembled in Vancouver, Canada. The first official hangout for users of the sleep apnea treatment device was an influencer-style event hosted by medical company ResMed, complete with merchandise, hors d’oeuvres and a photobooth. At a podcast-style corner, a host asked the attendees, who scored

By Jon Sarlin, CNN (CNN) — This World Cup, a bunch of people decided to gamble millions on whether soccer superstar Cristiano Ronaldo would cry during a match. The bet, which happened on Polymarket, isn’t weird for the wild world of prediction markets. Like whether aliens will be announced by the US government, whether a

By Samantha Delouya, CNN (CNN) — The 21st Century Road to Housing Act, a bipartisan bill that aims to tackle housing affordability, officially became law early Saturday, despite a series of attempts by President Donald Trump to stall the legislation. Its passage signals that lawmakers recognize the frustration many Americans feel about the high cost

By Liam Reilly, CNN (CNN) — The New York Times filed a counterclaim Friday against the Equal Employment Opportunity Commission, accusing the agency of retaliating against the publication for its reporting via a race- and gender-based discrimination lawsuit. The countersuit follows an EEOC lawsuit filed in May on behalf of a White staffer, Bryant Rousseau,