CNN – Business/Consumer

By Alicia Wallace, CNN (CNN) — The US labor market, long stuck in a “low-hire, low-fire” slog, may be starting to show a glimmer of life. The latest official labor turnover data showed that employers increased their hiring efforts in June – an ever-so slight indication that momentum could be building. The number of job

By John Towfighi, CNN New York (CNN) — The S&P 500 closed at a record high Tuesday, supported by strong corporate earnings, a rebound in tech shares and traders embracing hopes for progress on reopening the Strait of Hormuz. The S&P 500 surged 1.79% to close at 7,737 points, its first record high in two

By Auzinea Bacon, CNN (CNN) — Cybercriminals are increasingly using artificial intelligence to target people: Americans lost more than $893 million from AI-related crimes last year, according to the FBI. Just last week, OpenAI and Anthropic revealed that their AI agents accessed the internet during testing and hacked into other companies’ systems. Although customer-facing data

By Matt Egan, CNN New York (CNN) — Days before his inauguration in 2025, president-elect Donald Trump did something unusual: He launched a memecoin. That memecoin briefly exploded in value – and then crashed in an epic selloff that left nearly a million investors facing losses. Now, a pair of Senate Democrats are demanding Trump’s

By John Towfighi, CNN New York (CNN) — SpaceX reports its first-ever quarterly earnings as a public company after the closing bell Tuesday, giving investors a detailed look at Elon Musk’s rocket, satellite and AI company after a rocky start to trading. Investors want to learn more about the company’s spending on AI, its revenue

By Allison Morrow, CNN New York (CNN) — Capital One closed hundreds of Trump Organization accounts in 2021 “for anti-money laundering reasons,” the bank disclosed for the first time in a court filing Friday night. President Donald Trump has maintained that his businesses were “debanked” for political reasons, and the Trump Organization sued Capital One

By Hadas Gold, CNN (CNN) — The White House will meet with representatives from several top AI companies on Tuesday to discuss a new framework for the government to review frontier AI models before they launch, multiple sources familiar with the invitation told CNN. The meeting is a critical step toward broader AI regulation amid

By John Liu, Logan Schiciano, CNN (CNN) — The United States bought the Japanese yen for the first time in more than a decade as “a signal of friendship,” President Donald Trump said Sunday. The rare bilateral intervention in Japan’s currency market was designed to prop up the yen from its 40-year low against the

By Auzinea Bacon, CNN (CNN) — Sony Pictures’ and Marvel’s “Spider-Man: Brand New Day” soared to the second-biggest North American opening weekend ever with a $355 million haul at the box office, according to industry experts, just behind “Avengers: Endgame,” which opened to $357 million in 2019. “Spider-Man: Brand New Day” — released almost five

By Anna Cooban, CNN London (CNN) — In a glittering ballroom in central London, around 200 people in the energy industry gathered to discuss a proposition that, a mere eight months ago, seemed unthinkable: investing in Venezuelan oil. “The time is now,” Greig Gilbert, chief executive of Apertura Energy, an investment firm, told the crowd

By Elisabeth Buchwald, CNN (CNN) — I can still remember the glorious day my dad took me to the Verizon store in the fifth grade to buy my first cellphone. The Samsung Glyde instantly won me over with its touchscreen and slide-out keyboard. On the bus ride home, I discovered a new form of entertainment:

By Ramishah Maruf, CNN New York (CNN) — Influencing is Gen Z’s new glamour job. So if more than half of young people say they want to be influencers, why not study it? Arizona State University recently announced a bachelor’s degree in content creation for those who “dream of monetizing your video channel or making

By Elisabeth Buchwald, CNN (CNN) — For years, Situational Awareness was closely tracked by Wall Street, members of the AI community and its founder’s fiercest followers. Outside those circles, however, the multibillion-dollar hedge fund remained largely unknown. But that was before it began unraveling this week. Situational Awareness was founded in 2024 by German-born Leopold

By Allison Morrow, John Towfighi, CNN New York (CNN) — The meteoric rise and stunning near-collapse this week of a US hedge fund has sent shockwaves across global markets, becoming a kind of cautionary tale for the AI era. On Thursday, the San Francisco fund Situational Awareness, founded by a former OpenAI researcher with no

By Bryan Mena, CNN Washington (CNN) — Inflation is a far more serious and persistent issue than the Fed has made it out to be, and it must be addressed by raising interest rates, a group of rate-setting committee members said Friday. For months, the war in Iran has destabilized the global energy market, pushing

By Matt Egan, CNN (CNN) — Big Oil is minting money. ExxonMobil and Chevron, the two biggest US oil companies, reported gangbusters profits on Friday driven by the spike in global oil prices unleashed by the US-Iran war. Exxon raked in $14.5 billion in profit during the second quarter, more than doubling its year-earlier earnings

By Hadas Gold, CNN (CNN) — AI company Anthropic says that during routine testing some of its models accessed the internet and hacked into three separate organizations’ systems – and that it didn’t notice the models had done so until an internal review prompted by rival OpenAI disclosing its models did the same. Anthropic said

By Brian Stelter, CNN (CNN) — The eight local ABC television stations targeted by President Donald Trump’s Federal Communications Commission have generated a staggering amount of public support in recent weeks. ABC says the reason is clear: Supporters across the ideological spectrum “share a fundamental commitment to free speech and press freedom.” In a new

By Samantha Delouya, CNN (CNN) — Five months into the war in Iran, rising oil prices and stubborn inflation are driving mortgage rates to the highest level in a year. The average 30-year fixed mortgage rate climbed to 6.66% this week, the highest since July of last year, according to Freddie Mac. That’s up from

By Alicia Wallace, CNN (CNN) — The temporary truce in the war with Iran sent gas prices – and thus inflation – lower in June, providing some fuel for a crucial economic engine: the American consumer. The welcome readings, however, are likely temporary. Overall inflation fell in June for the first time in six years.