Money

By John Towfighi, CNN New York (CNN) — Global bond yields are up sharply in recent weeks and US oil prices are back above $90 per barrel. Now, investors are on alert for potential pressure on the stock market. The 10-year US Treasury yield rose above 4.81% early Wednesday and hit its highest level since

By David Goldman, CNN (CNN) — Chevron said it would invest $7 billion in its Venezuelan oil projects, expecting to double its current oil production by 2031. It’s a long-expected decision, although the company didn’t arrive at it easily. Despite President Donald Trump’s demands that US oil companies take advantage of his administration’s January ouster

By Lisa Eadicicco, CNN (CNN) — Ethan Pecora has a team of 15 specialized artificial intelligence agents assisting him with his work. That includes helping to manage his calendar and various tasks related to the mental wellness app he’s building. Also, his schoolwork. Pecora’s setup may sound like that of a tech startup. But he’s

By Allison Morrow, CNN New York (CNN) — Ahead of its June IPO, SpaceX described its CEO as the “driving force behind our growth, innovation, and operational success.” His loss, “whether due to death, disability, or otherwise … could significantly disrupt our management structure.” While that’s fairly standard language for a regulatory filing, it is

By Bryan Mena, CNN Washington (CNN) — The unemployment gap between young high school graduates and their counterparts who obtained a bachelor’s degree or higher has shrunk steadily over the past few years in a sign of structural shifts happening in the US economy. A college degree has long helped Americans enter the work force

By Ramishah Maruf, CNN New York (CNN) — The most popular iPhone app in the US is one that few people have thought about since dial-up internet: MapQuest. The mapping service is making a comeback on US App Stores after refusing to change Lake Ontario’s name, following President Donald Trump’s executive order rebranding it as

By John Towfighi, CNN New York (CNN) — Global bond yields rose Tuesday to their highest levels in decades as an escalation in the Middle East conflict pushed up oil prices and increased concerns that the Federal Reserve and other central banks could raise interest rates this month. In Japan, the 10-year government bond yield

By Clare Duffy, Brian Stelter, CNN New York (CNN) — As California Attorney General, Rob Bonta technically represents the interests of just one state. But over the past year, his profile has grown as he leads some of the business world’s biggest legal battles — with the potential to reshape how people across the country

By Chris Isidore, CNN (CNN) — Car salesman Bob Kain recalls the first time he saw a luxury car with a $25,000 sticker price at his family dealership. It was 1989, and the car was a Ford Crown Victoria. “I remember thinking, ‘My goodness gracious, this is going to be really hard to sell,’” he

By Chris Isidore, CNN (CNN) — The mystery of how a chain of gas stations was able to sell below the market rate has gotten a bit more interesting. Freedom Fuel Network, an upstart chain of gas stations mostly in the Philadelphia area, got a lot of attention — and praise from President Donald Trump

By Ramishah Maruf, CNN New York (CNN) — The Federal Trade Commission and 22 states on Monday accused retail giant Amazon of deceiving businesses by overcharging prices to advertise on its massive retail platform, pocketing billions for the company. The lawsuit claimed 1.2 million advertisers paid more than they realized because Amazon raised the minimum

By Anna Cooban, CNN London (CNN) — The head of the world’s financial stability watchdog warned on Monday of the serious risk posed by advanced AI models to the global financial system. In a letter to finance ministers and central bank governors for G20 countries, Andrew Bailey, chair of the Financial Stability Board, said the

By Jeanne Sahadi, CNN (CNN) — For CNN’s upcoming Savings Challenge this fall, we’re launching a feature that will provide answers to reader questions from Douglas Boneparth, a certified financial planner and founder of Bone Fide Wealth. Whether you’re looking for smart ideas about how to save more, wondering how to balance saving money with

By Lisa Eadicicco, CNN (CNN) — When Tim Cook became Apple’s CEO in August 2011, he had big shoes to fill. His predecessor, Steve Jobs, was widely considered one of the world’s greatest innovators. Now, 15 years later, Cook has catapulted the company to stratospheric heights by forging his own path. His successor, hardware engineering

By John Liu, CNN Hong Kong (CNN) — Shein was the ultimate disruptor in fashion. By turning online trends into $11 jeans or $3 crop tops in a matter of days, the ultrafast fashion retailer overtook established companies such as Zara and H&M, prompting it to eye an initial public offering that would value the

By Hadas Gold, CNN It was a big announcement for a tiny part of the Commerce Department. On May 5, the Center for AI Standards said it got early access to three of the country’s most powerful AI models before their public release. It could poke and prod and size up just how big of

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump is trying to make your hamburger cheaper, but his plan may not put much of a dent at the supermarket register. Last week, Trump signed an executive proclamation allowing 300,000 metric tons of beef to enter the US duty-free for 90 days starting on September 1.