Money

By Jordan Valinsky, CNN New York (CNN) — Mondelez, the maker of Oreo and Cadbury, is reportedly exploring an offer to buy rival Hershey Company to potentially create one of the world’s largest candy companies. The preliminary discussions between the companies, reported by Bloomberg, sent shares of Hershey (HSY) nearly 15% higher in midday trading

By David Goldman, CNN (CNN) — China has opened an antitrust investigation into American chipmaker Nvidia, the world’s largest provider of processors that power artificial intelligence, according to Chinese state media. The probe serves as the latest escalation of a growing battle for AI dominance, which both the United States and China believe is crucial

By Elisabeth Buchwald, CNN New York (CNN) — President-elect Donald Trump campaigned on the promise to create more American jobs and protect existing ones. But many of his proposals and expected policy changes threaten to have the opposite effect for some working Americans. It remains unclear as to which of Trump’s initiatives will be implemented.

By Matt Egan, CNN New York (CNN) — A black cloud hovering ominously over the US economy has finally parted — at least in the eyes of nearly half of the nation. For the other half, the black cloud is just arriving. That’s the starkly partisan picture painted by the first consumer confidence reading since

By Auzinea Bacon, CNN (CNN) — President-elect Donald Trump said in an interview that aired on Sunday that he has no plans to remove Federal Reserve Chair Jerome Powell. Appearing on NBC’s “Meet the Press with Kristen Welker,” Trump was asked if he would try to replace Powell. “No, I don’t think so. I don’t

By Auzinea Bacon, CNN (CNN) — The concert tour that made Taylor Swift a billionaire wraps up this weekend, but it has already left a lasting impact on the global economy. The pop superstar, whose final performance of “The Eras Tour” takes place Sunday night at BC Place Stadium in Vancouver, British Columbia, emerged as

By Hadas Gold and Clare Duffy, CNN (CNN) — Elon Musk has long been known for his competitive spirit — and for his list of rivals. He challenged Meta’s Mark Zuckerberg to a cage fight. He called Amazon and Blue Origin boss Jeff Bezos a “copycat.” And just recently, he sued OpenAI’s Sam Altman. Until

By Wayne Chang and Rosa de Acosta, CNN (CNN) — The US government has imposed fresh export controls on the sale of high tech memory chips used in artificial intelligence (AI) applications to China. The rules apply to US-made high bandwidth memory (HBM) technology as well as foreign-produced ones. Here’s everything you need to know

By Clare Duffy and Erika Tulfo, CNN New York (CNN) — TikTok’s US-based users could have only a few more weeks to enjoy scrolling through their For You Page before the app is banned in the country starting on January 19, 2025. A US appeals court on Friday upheld the law that requires TikTok to

By Nathaniel Meyersohn and Elisabeth Buchwald, CNN New York (CNN) — Companies are closing headquarters, scrubbing their websites of top executives’ photographs and increasing armed security details for key leaders following the killing of UnitedHealthcare CEO Brian Thompson. Health insurer Medica temporarily closed its Minnetonka, Minnesota, headquarters as a safety precaution, a spokesperson told CNN.

By Samantha Delouya, CNN (CNN) — Google sued the Consumer Financial Protection Bureau on Friday, challenging the agency’s decision to place Google’s payment division under federal supervision. In a copy of the lawsuit provided by Google, the company said the CFPB’s supervision would be a “burdensome form of regulation” imposed based on a “small number

CNN By Clare Duffy and Brian Fung, CNN New York (CNN) — TikTok has lost its bid to strike down a law that could result in the platform being banned in the United States. A US appeals court upheld the law in a ruling Friday. Denying TikTok’s argument that the law was unconstitutional, the judges

By Tami Luhby and Clare Duffy, CNN New York (CNN) — The early morning killing of a top health insurance executive in midtown Manhattan Wednesday has unleashed a flurry of rage and frustration from social media users over denials of their medical claims, a public display of Americans’ pent-up anger at the nation’s complex health

By Alicia Wallace, CNN (CNN) — Job growth surged in November, an expected rebound after hurricanes and striking workers heavily distorted the October data. However, looking past the pendulum swing of recent months, the US labor market remains stable — but cooling — and still hasn’t shaken the cause for concern that a greater weakening

By Liam Reilly and Jon Passantino, CNN New York (CNN) — Los Angeles Times owner Patrick Soon-Shiong, who blocked the newspaper’s endorsement of Kamala Harris and plans to overhaul its editorial board, says he will implement an artificial intelligence-powered “bias meter” on the paper’s news articles to provide readers with “both sides” of a story.

By Chris Isidore, CNN New York (CNN) — A federal judge on Thursday rejected a plea agreement between Boeing and the US government after the company said it would plead guilty to deceiving the Federal Aviation Administration ahead of two fatal 737 Max crashes. The rejection by US District Court Judge Reed O’Connor citied his

By Chris Isidore, CNN New York (CNN) — UnitedHealthcare CEO Brian Thompson had an in-house security detail assigned to him during his trip to New York City, according to a source familiar with the company’s security, but the detail wasn’t with him when he was shot and killed in front of a hotel early Wednesday