Money

By Chris Isidore, CNN (CNN) — A quick glance at US electric vehicle sales might give the impression EVs are a niche product, unable to shake Americans’ love affair with gas-powered trucks and SUVs. The recent spike in gas prices did little to lift sales, and the elimination of some tax incentives last year cut

By Isabelle LaBianco (CNN) — Ice cream prices are cooling off at the cash register ahead of National Ice Cream Day. Even as summer heat drives up the demand for frozen treats, the average price of a half-gallon ice cream container in the US was below $6 last month, according to data released Tuesday by

By Lisa Eadicicco, CNN (CNN) — Google and Apple have a big leg up in the AI race: their control of billions of smartphones around the world. That’s according to the European Commission, which is now cracking down on what that means for AI assistants. Apple and Google have long dominated the smartphone market, combining

By Elisabeth Buchwald, CNN (CNN) — For generations, the formula for getting ahead in America seemed straightforward: Go to college, work hard, save your money, buy a home and climb the economic ladder. Today, that formula increasingly depends on something many Americans can’t control: whether their family has the financial means to help along the

By Hanna Ziady, CNN Manchester, England (CNN) — Britain badly needs its mojo back. Its economy is struggling, public services are strained and improvements in living standards have slowed to a crawl in recent decades. Political instability is the new normal, and the national mood is bleak. Could a healthy dose of hope from Andy

By Clare Duffy, CNN New York (CNN) — Meta is in talks with Anthropic about leasing computing capacity to the AI startup. It’s a move that could put the social media giant in competition with Amazon, Microsoft and Google in a new line of business: cloud computing. The conversation about a potential deal is still

By Brian Stelter, CNN (CNN) — Lawyers for the 12-state coalition trying to block the Paramount–Warner Bros. Discovery deal argued in court on Friday that a temporary restraining order (TRO) is necessary to stop the companies from completing the merger. Judge Araceli Martínez-Olguín also heard Paramount’s arguments against the TRO. As CNN reported earlier this

By Bryan Mena, CNN Washington (CNN) — Lower gas prices helped Americans feel more optimistic about the economy early this month, though that relief might be short lived if the conflict in the Middle East continues to intensify. The University of Michigan’s latest survey of Americans, released Friday, showed that consumer sentiment surged 10% early

By John Towfighi, Chris Isidore, CNN (CNN) — Stocks in Asia and the United States fell Friday after technological advances announced by a Chinese artificial intelligence company intensified concerns that the AI spending spree driving this year’s market rally could be at risk. Chinese startup Moonshot AI unveiled Kimi K3, a new open-source model that

By Jordan Valinsky, CNN Dallas (CNN) — The future of Chili’s looks a lot like its past. Red-leather booths, a staple of Chili’s restaurants in the 1990s, are coming back to dining rooms. So are the colorful tile tables, but without the grout that made them difficult to clean. And the walls will be adorned

By Samantha Delouya, CNN (CNN) — For years, buying a home in need of work was seen as a more affordable path to homeownership and building wealth. Home makeover shows dominated TV, house-flipping became a booming business, and first-time buyers embraced the idea of trading sweat equity for a lower purchase price. But lately, fixer-uppers

By John Towfighi, CNN (CNN) — Truth Social will sell Wall Street firms quicker access to market-moving posts from President Donald Trump, the company said on Thursday. Truth Social, owned by Trump Media & Technology Group (DJT), has become the president’s go-to place for announcing policy decisions. The president’s posts frequently move markets, from stocks

By Samantha Delouya, CNN (CNN) — Geopolitical tensions are rippling through America’s housing market, adding to the financial strain on homebuyers. This week, the average rate on a 30-year fixed mortgage climbed to 6.55% — its highest level in nearly a year — after renewed strikes in Iran rattled financial markets. The increase all but

By David Goldman, CNN (CNN) — US gas prices have rocketed higher during the on-again, off-again war with Iran. After a brief respite, the average price for gas has surged 15 cents in a week to $3.94 a gallon and appears headed north of $4 again. Diesel, which shows up in customers’ shipping costs, topped

By Phil Mattingly, CNN (CNN) — A Reporter’s Notebook from four cities, 5,000 miles, three dozen interviews and the people I can’t stop thinking about. We were a few minutes into a drive when Jolene Simecek said something that left me speechless. She was steering me through Parma, Ohio, narrating the new subdivisions as they

By Bryan Mena, CNN Washington (CNN) — Spending at US retailers last month was weaker than expected, despite the World Cup drawing tourists from around the world and online sales events. Retail sales rose 0.2% in June from the prior month, the Commerce Department said Thursday, down sharply from May’s revised 1% increase. That was

By Clare Duffy, CNN Rochester, Minn. (CNN) — Preparing to meet with a patient can require Mayo Clinic internal medicine physician Dr. Alexander Ryu to sort through dozens, or even hundreds, of pages of medical records. Many patients visit the renowned clinic looking for a third or fourth opinion, carting with them unsorted documents from