Money

By Samantha Delouya, CNN (CNN) — Americans face a shortage of affordable homes, but the mega tax and spending bill championed by the Trump administration has the potential to shape housing affordability for years to come. The “One Big Beautiful Bill” Act, a linchpin of President Donald Trump’s economic agenda, is primarily a sweeping tax

By John Liu, CNN Hong Kong (CNN) — Taiwan has added China’s tech titan Huawei and chip giant Semiconductor Manufacturing International Corporation (SMIC) to its export control list, stepping up efforts to align with Washington’s crackdown on companies driving Beijing’s artificial intelligence ambitions. Citing “concerns over weapons proliferation and national security,” Taiwan’s International Trade Administration

CNN, GETTY IMAGES, 01:14 – 01:32, TWITTER, STEFFEN SEIBERT, GERMAN FEDERAL PRESS OFFICE, Twitter/Steffen Seibert/German Federal Press Office By Kevin Liptak, CNN Calgary, Alberta (CNN) — It’s a tableau no world leader — except perhaps President Donald Trump — wants to repeat. Convening in the Canadian Rockies for this week’s Group of 7 summit, presidents

By Auzinea Bacon, CNN (CNN) — Internet and cable provider Spectrum has reported outages in Los Angeles are “caused by a criminal act of vandalism,” according to a company post Sunday on X. The most common user issues have been total blackouts, landline and internet problems, and no signal. The outage has affected neighborhoods surrounding

By Auzinea Bacon, CNN (CNN) — Leonard Lauder, the eldest son of cosmetics pioneers Estée and Joseph H. Lauder and the former head of cosmetics giant Estée Lauder Companies, died on Saturday, according to an announcement by the company. He was 92. “Throughout his life, my father worked tirelessly to build and transform the beauty

By Sean Lyngaas, CNN (CNN) — Hackers have tried to break into the email accounts of a select number of Washington Post journalists, according to an internal Washington Post memo obtained by CNN. The Post discovered the “possible targeted” hack of its email system last Thursday, prompting the newspaper to reset login credentials for all

By Auzinea Bacon, CNN (CNN) — Another live-action remake topped the charts as Universal Pictures’ “How to Train Your Dragon” soared to $83.7 million at the box office, marking the best domestic opening weekend for the franchise. The fantasy adventure movie beat analysts’ expectations of $70 million and held off Disney’s live-action remake “Lilo &

CNN, UNIVERSAL PICTURES By Auzinea Bacon, CNN (CNN) — Another live-action remake topped the charts as Universal Pictures’ “How to Train Your Dragon” soared to $83.7 million at the box office, marking the best domestic opening weekend for the franchise. The fantasy adventure movie beat analysts’ expectations of $70 million and held off Disney’s live-action

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump and other heads of state are set to gather in Canada for the annual G7 summit just days after Israel’s unprecedented strike on Iran. Ordinarily, such a development would dominate the high-level discussions, but this time around, world leaders will likely need to also focus on

By Auzinea Bacon, CNN (CNN) — A nonprofit led by Anne Wojcicki, the co-founder and former chief executive of 23andMe, won a bid to acquire the genetic testing company following its bankruptcy filing in March. Wojcicki’s California-based nonprofit, TTAM Research Institute, will purchase 23andMe for $305 million, according to a news release on Friday. It’s

By Lisa Eadicicco, CNN New York (CNN) — Silicon Valley thinks it’s finally found the next big thing in tech: smart glasses – the same thing Google tried (and failed at) more than a decade ago. But Google Glass may simply have been ahead of its time. Now tech companies believe technology has finally caught

By Bryan Mena, CNN Washington (CNN) — President Donald Trump has repeatedly demanded the Federal Reserve slash interest rates. But Fed officials have stood pat, waiting to see how his administration’s sweeping policy changes affect the economy first. Now there’s another factor that could delay a rate cut: the conflict between Israel and Iran. On

By Brian Stelter, CNN (CNN) — Several dozen sidelined Voice of America staffers have suddenly been called back to work as the Israel-Iran conflict escalates. It is a dramatic turn of events for the American government-funded broadcasting system that was shut down by the Trump administration in March. Steve Herman, who has been VOA’s chief

By Luciana Lopez and Chris Isidore, CNN (CNN) — President Donald Trump has approved a partnership between US Steel and Nippon Steel, the companies said in a release on Friday. “We look forward to putting our commitments into action to make American steelmaking and manufacturing great again,” the companies said in a statement. The steelmakers

By Matt Egan, CNN New York (CNN) — Israel’s unprecedented attack on Iran raises the specter of sharply higher gasoline prices, just as the summer driving season heats up. Up until now, pump prices had been low and stable. Relatively cheap gas prices have helped drive down inflation and offset consumer concerns about sky-high tariffs.