Money

By Jeanne Sahadi, CNN (CNN) — The April 15 tax deadline has come and gone. And more households got money back this year compared to last year’s filing season. However, the average refund was lower than the Trump administration had estimated. All in, the IRS had received 140.222 million income tax returns by the week

By Hanna Ziady, CNN London (CNN) — Shares in Adidas climbed Monday, after Kenya’s Sabastian Sawe set a new world record in the London Marathon on Sunday while wearing the German sportswear maker’s newest running shoe. Adidas gained nearly 2% in the early afternoon in Frankfurt, before paring gains to trade 1.4% higher at €138

By John Liu, CNN Hong Kong (CNN) — China has moved to block Meta’s $2 billion acquisition of Chinese-founded artificial intelligence startup Manus, a decision that reflects Beijing’s concerns that it could lose key technology to the United States amid an intensifying tech war. The country’s state planner made a brief statement Monday demanding the

By Hadas Gold, CNN (CNN) — A group of regular people who might not even know much about artificial intelligence could soon determine OpenAI’s future. Elon Musk’s lawsuit against ChatGPT maker OpenAI and its leaders, including CEO Sam Altman, heads to court Monday. Some of the biggest names in tech are expected to testify about

By Stephanie Yang, CNN (CNN) — The war in Iran has sent oil-starved countries scrambling for fuel. Many are opting for energy alternatives — and turning to the renewables king of the planet: China. Chinese exports of solar technology, batteries and electric vehicles all reached record highs in March, according to energy think tank Ember,

By Auzinea Bacon, CNN (CNN) — Oil prices rose Sunday after an Iranian official warned that the Strait of Hormuz will “under no circumstances” return to its previous state. Brent crude, the international benchmark, was up about 2.14% to $107.58. US crude was up 2.08% to $96.36. Iran’s president Masoud Pezeshkian told Pakistani Prime Minister

By Auzinea Bacon, CNN (CNN) — Sen. Thom Tillis, a Republican from North Carolina who sits on the banking committee that approves Federal Reserve nominees, said Sunday he will support Kevin Warsh’s appointment as the next Fed chair. “I am prepared to move on with the confirmation of Mr. Warsh. I think he’s going to

By Samantha Delouya, CNN (CNN) — Home shoppers scrolling through real estate search engines like Zillow or Redfin this spring may notice some unusual listings: homes labeled “Coming Soon” or “Preview.” They look like regular listings, with property photos and neighborhood details – but one key feature is missing: sales history, the information buyers use

By Chris Isidore, CNN (CNN) — The soaring cost of jet fuel due to the war in Iran will lead to significantly higher airfares. But don’t expect ticket prices to drop once fuel prices start to decline. Higher fares are being driven by strong demand for travel as much as the cost of fuel. Despite

By Ramishah Maruf, CNN New York (CNN) — Gennadiy Tsygan knows how expensive it is to build a home in the United States. That’s why he imported almost everything for his dream house from China. Most of his home fixtures were imported directly from over two dozen factories, and Tsygan — an engineer in Baltimore

By Jeanne Sahadi, CNN (CNN) — Just looking at the raw numbers, less than 1% of filers have been audited by the IRS in recent tax years. Based on the latest data available, for example, in tax year 2021 the IRS pursued a mere 0.3% of filers overall. The audit rate has been higher for

By Lisa Eadicicco, CNN (CNN) — Microsoft is offering about 7% of its US workforce the option to retire early, the latest attempt by a major tech firm to downsize while ramping up artificial intelligence investments. The one-time retirement program, a company first, will be available to employees whose age and years of service total

By Brian Stelter, CNN (CNN) — In the same way that President Donald Trump’s second term is unlike any other, this weekend’s White House Correspondents’ Dinner will be unlike any other. Trump will be attending the gala for the first time as president and speaking before thousands of journalists and politicos — leaving attendees to

By John Liu, CNN Hong Kong (CNN) — China’s DeepSeek unveiled a preview version of its much-anticipated new model on Friday, promising to rival models from OpenAI, Anthropic and Google a year after the then little-known start up took the global AI industry by storm. The Hangzhou-based company highlighted major upgrades in the new model

By Lisa Eadicicco, Clare Duffy, CNN (CNN) — Meta said on Thursday it plans to lay off roughly 10% of its workforce, or about 8,000 people, the latest in a string of tech industry layoffs fueled in part by artificial intelligence. The company is also closing around 6,000 open roles, Janelle Gale, Meta’s chief people

By Chris Isidore, Donald Judd, CNN (CNN) — President Donald Trump said Thursday that he would consider purchasing the embattled Spirit Airlines “if we can get it at the right price.” “Spirit is an airline that has had some trouble,” Trump said. “They have some good aircrafts, some good assets, and when the price of

By Lisa Eadicicco, CNN (CNN) — Foreign entities primarily based in China have conducted “industrial-scale” campaigns to crib frontier AI models from US companies, Michael Kratsios, White House director of the office of science and technology policy, said in a memo on Thursday. The effort entails using tens of thousands of surrogate accounts to go

CNN By Brian Stelter, CNN (CNN) — Warner Bros. Discovery shareholders have cleared the way for CNN, HBO and Warner’s other media brands to join Paramount Skydance later this year. Shareholders “overwhelmingly” voted in support of the takeover deal, WBD said after a pro forma special meeting took place on Thursday morning. The vote was

By Brian Stelter, CNN (CNN) — The New York Times said the Federal Bureau of Investigation “began investigating” its reporter Elizabeth Williamson after she wrote a story involving FBI director Kash Patel titled “Patel’s girlfriend seeks fame and fortune, escorted by an FBI SWAT team.” Times executive editor Joe Kahn called the probe an “alarming”