Money

By John Towfighi, CNN New York (CNN) — US stocks are floating near all-time highs as Wall Street maintains cautious optimism that Washington might ink more trade deals, avoiding a worst-case scenario of extraordinarily high tariffs and enabling the resilient economy to continue chugging along. Stocks were higher on Friday. The Dow closed higher by

By Clare Duffy, CNN New York (CNN) — Meta CEO Mark Zuckerberg is on a mission for his company to be the first to reach so-called artificial superintelligence — generally considered to mean AI that’s better than all humans at all knowledge work. It’s a nebulous and likely far-out concept that some analysts say may

By Matt Egan, CNN New York (CNN) — President Donald Trump has promised to unleash an economic boom that will turbocharge growth, fatten paychecks and chip away at America’s mountain of debt. However, a new analysis from Trump’s alma mater suggests that his immigration crackdown – a centerpiece of his second term – could do

By Ramishah Maruf, CNN New York (CNN) — Some Muslim and Middle Eastern tech founders and leaders are among people protesting a prominent venture capitalist’s recent comments blasting New York mayoral candidate Zohran Mamdani. They say when Sequoia Capital partner Shaun Maguire called Mamdani an “Islamist” who “comes from a culture that lies about everything”

By Luciana Lopez, Karina Tsui, CNN (CNN) — Kristin Cabot, the chief people officer of Astronomer, has resigned, the company confirmed to CNN Thursday. The resignation comes after Cabot, who oversaw the organization’s human resources, and Andy Byron, the then-chief executive of the New York-based tech company, were spotted embracing at a Coldplay concert earlier

By David Goldman, CNN (CNN) — The look on Federal Reserve Chair Jerome Powell’s face said it all. In a press briefing Thursday afternoon, midway through a tour of the Fed’s ongoing renovation project, President Donald Trump claimed that the work cost $3.1 billion — about $600 million more than its stated price tag. The

By Clare Duffy, Lisa Eadicicco, CNN New York (CNN) — Intel said Thursday it has mostly completed plans it announced last quarter to cut 15% of its workforce, as the struggling chipmaker attempts a turnaround. The layoffs, tucked in Intel’s second quarter earnings report, marked one of the first major decisions by new CEO Lip-Bu

By Chris Isidore, CNN (CNN) — Elon Musk’s big promises apparently no longer seem to be enough for many Tesla investors. Shares of Tesla (TSLA) fell 9% on Thursday following another dismal earnings report, released after the bell Wednesday. Tesla’s earnings and revenue both fell by double-digit percentages following the biggest sales drop in the

By Lisa Eadicicco, CNN (CNN) — Uber is piloting a new option for its US app that will allow female passengers to request women drivers, coming after the company has long grappled with preventing sexual assault on its platform. The feature, called Women Preferences, will launch in a pilot stage in Los Angeles, San Francisco

By Brian Stelter, CNN (CNN) — CBS News is not hiring an outsider to helm “60 Minutes” as the program’s correspondents feared might happen. Instead, the coveted executive producer job is going to Tanya Simon, a 25-year veteran of the newsmagazine, which has faced intense political pressure from President Trump for nearly a year. Simon

WTVD By Vanessa Yurkevich, CNN New York (CNN) — Back-to-school shopping is already under way. And this year’s essential: avoiding tariffs. Two-thirds of Americans with school-aged children started shopping for the upcoming school year in July, the earliest on record, according to a new survey from the National Retail Federation. Families, concerned that President Donald

By Vanessa Yurkevich, CNN New York (CNN) — Back-to-school shopping is already under way. And this year’s essential: avoiding tariffs. Two-thirds of Americans with school-aged children started shopping for the upcoming school year in July, the earliest on record, according to a new survey from the National Retail Federation. Families, concerned that President Donald Trump’s

By Lisa Eadicicco, CNN (CNN) — President Donald Trump wants to make the United States a leader in artificial intelligence – and that means scrubbing AI models of what he believes are “woke” ideals. The president on Wednesday said he signed an executive order prohibiting the federal government from procuring AI technology that has “been

By David Goldman, CNN (CNN) — “It’s ultimately up to the president to decide.” That’s more or less the go-to line for Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and a host of other top Trump aides and White House officials when they share the administration’s plans for tariffs and trade negotiations. With the

By Liam Reilly, CNN (CNN) — Skydance Media needs the approval of President Donald Trump’s Federal Communications Commission in order to take over Paramount Global. It’s now promising to root out “bias” at CBS News in order to get it. In a pair of letters filed Tuesday with the FCC, Skydance committed to a post-merger

By Tami Luhby, CNN (CNN) — Starbucks’ coffee isn’t the only thing at the company that’s amped up. Its CEO, Brian Niccol, made a whopping 6,666 times more than the company’s typical employee last year, according to the AFL-CIO’s annual Executive Paywatch report, released Wednesday. It was the widest pay gap by far between the

By Chris Isidore, CNN (CNN) — The trade group representing the traditional Big Three US automakers is objecting to the US agreement with Japan, saying it would be unfair to American automakers and parts suppliers. The trade agreement announced Tuesday by the Trump administration would place 15% tariffs on imports from Japan, including autos and

By Lisa Eadicicco and Clare Duffy, CNN New York (CNN) — The Trump administration on Wednesday unveiled its AI action plan, a package of initiatives and policy recommendations meant to cement the United States as a global leader in a technology that’s expected to be as influential as the internet itself. The White House largely