Money

By Tami Luhby, CNN (CNN) — President Donald Trump’s order to levy 100% tariffs on certain patented pharmaceutical products and ingredients takes effect on Tuesday. But experts question the extent to which the move will achieve its goal of spurring more drug manufacturing in the US. That’s because the burden will fall most heavily on

By Elisabeth Buchwald, Matt Egan, CNN (CNN) — President Donald Trump’s ban on Canadian booze kicked in on Tuesday, an unprecedented move that underscores the breakdown in one of the closest trading relationships in the world. The ban, which impacts $800 million worth of Canadian alcoholic beverages the US imported last year, marks the latest

By Auzinea Bacon, CNN (CNN) — OpenAI said it won’t release its latest model, dubbed GPT-6.1 Astra, because it “didn’t quite meet the bar” for safety. The decision, which the Wall Street Journal first reported on Monday, comes as industry leaders call for an AI development slowdown. Anthropic CEO Dario Amodei first proposed “pacing the

By Chris Isidore, CNN (CNN) — Chipmaker Nvidia said Monday it is introducing a new software platform to address concerns about artificial intelligence agents that have “gone rogue” and operated outside human control. “Today, with over 100 industry partners, we introduced the NVIDIA Open Agent Safety Platform,” Nvidia CEO Jensen Huang wrote in a post

By Hanna Ziady, CNN London (CNN) — The United States and China have agreed to slash tariffs on $60 billion worth of goods, deepening efforts to stabilize a frequently testy relationship. The tariff relief extends to an array of products, from US coal and agricultural products to made-in-China toys, car seats and holiday decorations. The

By Lisa Eadicicco, CNN (CNN) — Meta wants its new Muse AI agent to be the gateway to users’ digital lives. But that all depends on whether popular apps and services are willing to give it the keys. Agents go a step beyond how most people have used AI up to this point. Instead of

By David Goldman, CNN (CNN) — The US economy may have a new problem: It’s too strong. America’s cost-of-living concerns and a bond market meltdown aren’t functions of a sputtering economy that’s running out of gas. Quite the opposite. Prices and interest rates are rising too quickly for comfort for three primary reasons: the global

By Chris Isidore, Tami Luhby, CNN (CNN) — John Yeley has spent the last 26 years working on his farm, which his family has owned since 1852. Yeley is the seventh generation to run his farm in Illinois, just over the state line from Indiana. Although he plans to keep doing so, he’s not sure

By Nathaniel Meyersohn, CNN New York (CNN) — Matthew Clayton is good at computers, so he gets assigned a dreaded task by his family members: helping them schedule their DMV appointments online in North Carolina. North Carolina’s Division of Motor Vehicles has long been considered among the worst of the worst. “It’s as broken as

By Elisabeth Buchwald, CNN (CNN) — Attention, protein maxers: One of your highly coveted ingredients is taking center stage in the escalating trade war between the United States and Canada. Whey, the workhorse ingredient behind protein powders and a growing universe of high-protein foods, is getting caught in the crossfire. Canada imposed 50% tariffs on

By Auzinea Bacon, CNN (CNN) — OpenAI said Friday that some of its AI agents went rogue and probed US government websites this summer — the latest revelation of the artificial intelligence company’s technology. The New York Times first reported that the AI agents went rogue and attempted to gain access to the Education Department,

By Jordan Valinsky, CNN New York (CNN) — As the alcohol industry deals with a dreary environment in the US, Aperol’s parent company hopes a brightly colored aperitif imported from Italy will entice drinkers. Campari Group is making its biggest investment ever for the US launch of Sarti Rosa, a tropical pink-colored aperitivo liqueur made

By Clare Duffy, Hadas Gold, CNN New York (CNN) — The Department of Defense can blacklist Anthropic’s artificial intelligence technology, a federal appeals court ruled on Friday. The decision is a blow to Anthropic after it won a separate challenge in a California court in August that partially invalidated the Trump administration’s label. The Trump

By John Towfighi, CNN New York (CNN) — Bonds had a wild week, with yields around the globe spiking to their highest levels in decades. Bond market volatility increased at its fastest pace in months. That’s making investors concerned that the turbulence could spill into the stock market. The bond market’s “fear gauge,” which tracks

By Alicia Wallace, CNN (CNN) — US consumer sentiment fell to its second-lowest level on record in September as high gas prices further soured Americans’ views of the economy. The University of Michigan’s consumer sentiment index for September dipped to 48.1, notching a 7% decline from August and a nearly 13% drop from a year

By Brian Stelter, CNN (CNN) — The major networks in the White House TV pool are resuming coverage of presidential events this morning after pausing for several days after President Donald Trump banned CNN. CNN and other networks showed pool footage on Friday morning of Trump greeting Chinese leader Xi Jinping outside the White House

By Matt Egan, CNN New York (CNN) — In January 2024, then-presidential candidate Donald Trump blasted the Biden administration for freezing approvals for new plants to export US liquefied natural gas. When he won the election, in part by slamming the Biden-Harris “war on energy,” Trump vowed in his second inaugural address: “We will bring

By David Goldman, CNN (CNN) — Ambassador Alan Wolff says President Donald Trump’s novel implementation of America’s tariff law is illegal and runs counter to how Congress intended the presidential power to be used. Wolff would know. He wrote the law. “I have a sense of ownership of the statute,” said Wolff, who served as

By Samantha Delouya, CNN (CNN) — As interest rates have stayed elevated for the last few years, a growing share of homebuyers turned to adjustable-rate loans (ARMs). These loans typically offer some breathing room from high rates by providing a lower fixed rate for five, seven, or 10 years before resetting with market rates. With

By Samantha Delouya, John Towfighi, CNN (CNN) — Mortgage rates reached a grim milestone this week, topping 7% for the first time since January 2025 and reaching their highest level during either of Donald Trump’s presidential terms. The average 30-year fixed mortgage rate climbed to 7.03% this week, up from 6.95% last week, according to