Money

By Jordan Valinsky, CNN New York (CNN) — The Federal Trade Commission’s long-awaited trial against Amazon begins this week, with the e-commerce giant’s cancellation practices under the microscope. The lawsuit, filed in 2023 under the Biden administration, accuses Amazon of tricking millions of consumers into signing up for its Prime subscription service through deceptive user

By David Goldman, CNN (CNN) — Sal Iacono, Jimmy Kimmel’s cousin and a long-time writer and performer on “Jimmy Kimmel Live!” suggested Sunday that the show may not be coming back on the air after ABC indefinitely suspended the program last week. On an episode of “The Bill Simmons Podcast” late Sunday night, Iacono said

By Brian Stelter, CNN (CNN) — Media lawyers and newsroom leaders are evaluating a government memo spelling out new rules that would sharply restrict reporting at the Pentagon. Several of the country’s biggest news outlets are publicly pushing back on the rules, foreshadowing a potential legal battle. “This policy operates as a prior restraint on

By Gordon Ebanks, CNN (CNN) — Reading levels dropped to historic lows during the pandemic. Now parents, teachers and tech companies are hoping AI can help solve America’s literacy crisis. America’s literacy challenge has been building for years, with reading scores sliding even before the pandemic pushed them to their lowest levels in decades. Educators

By Hadas Gold, CNN (CNN) — When Elon Musk and President Donald Trump’s feud reached a fever pitch, Charlie Kirk desperately wanted the two to put their fight to bed and make up. “I know both these guys … I am hopeful, optimistic and will do everything I possibly can to try and bring this

By John Towfighi, CNN New York (CNN) — The stock market is shrugging off worries about a weakening labor market and stubborn inflation, instead embracing a much-anticipated interest rate cut. That optimism still has room to run, analysts say, but stocks could hit a wall if worries about an economic slowdown and still-high prices begin

By Matt Egan, CNN New York (CNN) — The nation’s top economic statistician was fired. Central bank independence is being undermined. The federal government is buying chunks of private companies and demanding cuts of revenue streams. Presidential power to lob tariffs has been wielded in unprecedented fashion. And federal regulators are threatening media companies over

Reuters (Reuters) — Warren Buffett’s Berkshire Hathaway has fully exited Chinese automaker BYD, a filing showed, ending a 17-year investment that grew over 20-fold in value in that period. The filing by Berkshire’s energy subsidiary recorded the value of its BYD investment as zero as of the end of March, down from $415 million at

By Auzinea Bacon, CNN (CNN) — Hollywood has long viewed anime as a modest but steady genre at the domestic box office. But the unexpected success of “Demon Slayer: Infinity Castle” has forced the industry to rethink the potential of Japanese animation to draw big audiences to theaters. “Infinity Castle,” distributed by Sony-owned Crunchyroll, fell

By Auzinea Bacon, Aileen Graef, Brian Stelter, CNN (CNN) — President Donald Trump on Sunday said tech and media giants Larry Ellison, Michael Dell, and Lachlan and Rupert Murdoch will be a part of the group to take over TikTok’s algorithm in the acquisition of the social media platform’s US operations. “You know, they’re very

By Chris Isidore, CNN (CNN) — Despite billions in tariff costs for imported autos and parts, new car prices have stayed relatively flat. But the news isn’t as good for car owners taking their vehicles to the repair shop. The price of car repairs jumped 5% just from July to August, according to the latest

By Auzinea Bacon, CNN (CNN) — President Donald Trump’s latest effort to overhaul America’s legal immigration system — raising the annual fee on H-1B visa applicants from $215 to $100,000 — could deal a major blow to some US industries that rely on skilled foreign workers. During a signing at the Oval Office Friday, Trump

By Auzinea Bacon, Clare Duffy, CNN (CNN) — The United States will have control over TikTok’s algorithm in the acquisition of the social media platform’s US operations, White House press secretary Karoline Leavitt said on Saturday. “We are 100% confident that a deal is done. Now that deal just needs to be signed, and the

By Nathaniel Meyersohn, CNN New York (CNN) — President Donald Trump pledged to bring down grocery costs. But his administration’s policies are contributing to an acceleration in prices, food economists and companies say. Grocery prices last month rose at their fastest pace in three years, stoked by Trump’s tariffs, a crackdown on immigration, and extreme

By Brian Stelter, Hadas Gold, CNN (CNN) — In a ruling dripping with derision, a federal judge has rejected President Trump’s defamation lawsuit against The New York Times, asserting that the rambling 85-page suit did not follow federal rules for filing civil complaints. The president’s team has been given a month to refile, and a

By Bryan Mena, CNN Washington (CNN) — President Donald Trump’s widespread tariffs aren’t boosting inflation, so interest rates should be lowered quickly to prevent America’s labor market from deteriorating, Federal Reserve Governor Stephen Miran said Friday in his first public comments as a monetary policymaker. The Fed on Wednesday announced a quarter-point rate cut, the

By Tami Luhby, CNN (CNN) — This year’s winter heating bills may send a shiver down many Americans’ spine. The cost of staying warm at home is expected to jump an average of 7.6%, to $976 this season, according to a new estimate from the National Energy Assistance Directors Association. The spike stems from increases

By Lisa Eadicicco, CNN (CNN) — Back in 2017, consumers balked at the idea of a $1,000 iPhone. Now, some shoppers may end up paying double that if they choose Apple’s latest top-of-the-line model. The iPhone 17 Pro Max, the larger variant of Apple’s Pro phone that launches today along with the iPhone 17, 17

By Clare Duffy, CNN (CNN) — President Donald Trump said at the conclusion of a call with China’s leader Xi Jinping Friday morning that they had made progress to finalize a deal that would sell most of TikTok’s US assets to American investors. The deal would conclude a yearslong effort that began during Trump’s first

By Vanessa Yurkevich, CNN New York (CNN) — When the US Department of Homeland Security conducted its largest single-site enforcement operation in history at the Hyundai – LG Battery Plant in Georgia earlier this month, Hyundai’s CEO was working out of his California office. He said he found out about it on the news. “I