Money

By Jeanne Sahadi, CNN (CNN) — Still no movement. For its fourth meeting in a row, the Federal Reserve opted to leave unchanged its key short-term interest rate — which influences a host of rates on consumer financial products and bank accounts across the United States. That means that once again anyone with savings that

By Chris Isidore, CNN (CNN) — Waymo, the self-driving car unit of Google parent Alphabet, is returning to New York City. But it won’t be offering rides to the paying public yet, as it currently does in four other cities. The company announced Wednesday that it has applied for a permit with the New York

By Lisa Eadicicco, CNN New York (CNN) — Texas Instruments will invest more than $60 billion to expand semiconductor manufacturing in the United States, the company announced on Wednesday, as President Donald Trump continues to pressure tech giants like Apple and Samsung to build their products in America. The investment will go towards seven semiconductor

By Chris Isidore, CNN (CNN) — Nippon Steel has finalized its deal to buy 100% of US Steel, the iconic steelmaker that was once the world’s most valuable company and a cornerstone of American industrial might. The companies announced Wednesday that the two had completed the partnership. Under the terms of the deal first announced

By Ramishah Maruf, CNN New York (CNN) — Americans will celebrate Juneteenth, which commemorates the end of slavery in the United States, on Thursday with parades and parties. Juneteenth became the newest US federal holiday in 2021, but it has held significance for many Black Americans for a long time. On June 19, 1865, Union

By Brian Stelter and Andrew Kirell, CNN (CNN) — As conservative radio host Clay Travis opened his mouth Tuesday night on Fox News, he was hyper-aware of the viewer-in-chief. President Trump is “probably watching” this show, Travis said to Fox host Sean Hannity as both men urged the president to eliminate Iran’s nuclear program. “We

By Jordan Valinsky, CNN New York (CNN) — Liquid Death is getting closer to resembling its name. The trendy water brand is partnering with WhistlePig Whiskey to create a new whiskey partially aged in an actual casket at the Vermont distillery, and made with Liquid Death’s mountain-sourced water, the companies announced Wednesday. The limited-time release,

By Jordan Valinsky, CNN New York (CNN) — Mark Zuckerberg’s Meta offered employees of rival OpenAI signing bonuses of $100 million to switch companies, according to Open AI CEO Sam Altman. “They started making giant offers to a lot of people on our team,” Altman said Tuesday on the “Uncapped” podcast hosted by his brother

By Lisa Eadicicco, CNN New York (CNN) — Celebrities have long put their names on everything from shoes to cosmetics to snacks. Now, they’re attaching their brand to mobile phone networks. Trump Mobile, announced on Monday, is the latest cellular service pegged to a high-profile figure, joining the likes of wireless services from actors such

By Clare Duffy and Samantha Waldenberg, CNN New York (CNN) — TikTok just got another lifeline from the White House, with President Donald Trump set to delay enforcement of the sale-or-ban law by another 90 days. “President Trump will sign an additional Executive Order this week to keep TikTok up and running,” Karoline Leavitt, White

By Liam Reilly and Tami Luhby, CNN (CNN) — For decades, pharmaceutical companies have shelled out big bucks to broadcasters to place ads between TV segments. But a pair of policies being considered by US Health and Human Services Secretary Robert F. Kennedy Jr. could change that and leave broadcasters in financial straits. While not

By Lisa Eadicicco and Hadas Gold, CNN New York (CNN) — When the Trump Organization unveiled its new Trump Mobile wireless service on Monday, it said its upcoming T1 smartphone will be “proudly designed and built in the United States.” But experts told CNN they’re skeptical that a smartphone can be built in the US

By Ramishah Maruf, CNN New York (CNN) — Amazon is warning its employees that artificial intelligence will help the company have a smaller workforce in the future. In a blog post Tuesday that was sent out earlier to employees, Amazon CEO Andy Jassy said that efficiency gains from AI would allow the company to eventually

By Marlon Sorto, Brian Stelter and Caroll Alvarado, CNN (CNN) — A Salvadoran journalist who built a big social media following by documenting immigration raids may be facing deportation. Mario Guevara, who was arrested during a “No Kings” protest near Atlanta last Saturday, was transferred to US Immigration and Customs Enforcement custody early Wednesday morning,

By Anna Cooban, CNN London (CNN) — The European Union is moving closer to banning all imports of Russian oil and natural gas more than three years after Moscow launched its unprovoked, full-scale invasion of Ukraine. The European Commission, the bloc’s executive arm, put forward a legislative proposal Tuesday to gradually ban purchases of Russian

By Jordan Valinsky, CNN New York (CNN) — Smartwater is bringing one of the world’s most familiar faces — and former friend — back to its advertisements. Jennifer Aniston is once again the face of the electrolyte-infused water, rejoining the brand following a five-year hiatus. The Coca-Cola-owned unit has re-signed the actress and entrepreneur to

By Jordan Valinsky, CNN New York (CNN) — JPMorgan Chase is hiking the annual fee of its popular Sapphire Reserve credit card by 45% as part of a major overhaul to attract high-spending millennials. The bank announced Tuesday that the credit card, which is targeted at travel and dining aficionados, will soon cost $795 per

By Bryan Mena, CNN Washington (CNN) — Americans are feeling a hangover from their tariff-fueled buying frenzy early in the spring. Retail sales fell by 0.9% in May from the prior month, the Commerce Department said Tuesday, down sharply from April’s downwardly revised 0.1% decline. That was the steepest monthly decline since January and worse

By Anna Cooban, CNN London (CNN) — Workers are struggling to cope with a “seemingly infinite workday,” involving an increasing load of meetings scheduled at 8 p.m. or later and a near-constant stream of interruptions, according to new research by Microsoft. The company analyzed data from users of Microsoft 365 services — which include Outlook