Money

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.

By Bryan Mena, CNN Washington (CNN) — The world’s largest economy lost steam heading into summer as red-hot demand for AI infrastructure widened the trade deficit, dampening growth. Meanwhile, Americans ramped up their spending in the quarter, a welcome sign for an economy that relies so strongly on consumption for growth. US gross domestic product,

By Allison Morrow, CNN New York (CNN) — Taco Bell’s parent company, Yum Brands, reported robust sales and profit in the second quarter. But more recent sales took a hit after the cyclospora outbreak plunged the company’s most important brand into a food-safety crisis. Sales at Taco Bell have fallen 2% from the end of

By Stephanie Yang, CNN Hong Kong (CNN) — With wildfires blazing and temperatures hitting record highs in Europe, one China-made product has never been hotter: air-conditioners. Europeans, who have been slower to adopt AC than those living in other parts of the world, are lining up outside stores and driving long distances in the hopes

By Samantha Delouya, CNN (CNN) — New York City is counting on office-to-apartment conversions to help relieve its housing shortage. But after structural problems earlier this month threatened a partial collapse at one of the city’s largest such projects, regulators have intensified scrutiny. Since then, three more Manhattan office conversion projects have been ordered to

By Jeanne Sahadi, CNN (CNN) — As it has done at every meeting this year, the Federal Reserve Open Market Committee on Wednesday decided to leave the central bank’s key overnight lending rate unchanged. The fed funds rate normally influences – directly or indirectly – movement in the interest rates consumers earn on their savings

By David Goldman, Hadas Gold, CNN (CNN) — An OpenAI test that escaped its cage and alarmed the AI and cybersecurity industry attacked more than just Hugging Face, the AI platform that initially appeared to be the sole victim of the virtual lab leak. OpenAI, in an update about its ongoing investigation of the incident,

By Rupert Neate, CNN (CNN) — The US government should ​not block Chinese artificial intelligence in an attempt to gain the upper hand in the race to develop the groundbreaking technology, Meta chief executive Mark Zuckerberg has told the Financial Times. Zuckerberg warned that a US ban on Chinese ​AI models would not be “an

By Bryan Mena, CNN Washington (CNN) — Federal Reserve Chairman Kevin Warsh is already getting the “family fight” he has called for, and he’s leaving it up to Wall Street to choose between dueling narratives. The Fed on Wednesday held its benchmark lending rate unchanged at a range of 3.5%-3.75% for the fifth consecutive meeting,

By John Liu, CNN (CNN) — China, which supplies the vast majority of the world’s humanoid robots, has suddenly been cut off from its largest export market as the US government moves to curb its reliance on foreign technology. On Tuesday, the Trump Administration banned new humanoid and quadruped robot imports from foreign manufacturers, saying

By Hadas Gold, CNN (CNN) — Top staffers from the biggest AI and technology companies urged the US government to slow the pace of artificial intelligence development so that safety and security measures can catch up in an open letter. The US government should support an international effort to develop tools that can “deliberately pace

By Brian Stelter, CNN (CNN) — CBS News is reaching beyond the usual TV news ranks as it races to reboot “60 Minutes” after a rash of firings two months ago. On Tuesday, the network announced two new correspondents and three new contributors to the top-rated newsmagazine. The biggest surprise of the bunch: New York

By Bryan Mena, CNN Washington (CNN) — California, Oregon and Washington have some of the highest unemployment rates in the nation, as AI reshapes the West Coast’s dominant tech industry by sharply slowing hiring in that sector. The three states tied for the second-highest unemployment rate in the country in June, according to the Bureau

By Anna Cooban, CNN (CNN) — Johnson & Johnson has set aside $5.5 billion to resolve tens of thousands of US lawsuits alleging that its talcum powder-based products caused ovarian cancer. The pharmaceutical giant has offered to pay plaintiffs up to $3 billion in 2027, with any remaining payouts made after 2028. It said in

By David Goldman, CNN (CNN) — Boeing’s money pit of an Air Force One project just sank a little deeper. The company said it’s making a substantial effort to get the first of two presidential planes out the door – four years later and for billions of dollars more than initially promised. CEO Kelly Ortberg

By Lisa Eadicicco, CNN (CNN) — There are plenty of things you can lease: a car, an apartment or an office space, for example. Now you can add your next iPhone to that list. Apple is launching a new leasing program to make iPhones, Macs and other products feel more affordable at a time when