Money

By Auzinea Bacon, CNN (CNN) — In an announcement that many investors knew was coming but didn’t believe would actually happen, famed investor Warren Buffett said Saturday at Berkshire Hathaway’s annual shareholder meeting that he would step down as CEO at the end of the year. Greg Abel would take over at that point, pending

By Ramishah Maruf, CNN New York (CNN) — Hours after a key US tariff exemption expired on Friday, Chinese e-commerce site Temu announced it was overhauling its shipping model, sending out all American sales via US-based sellers. “All sales in the U.S. are now handled by locally based sellers, with orders fulfilled from within the

By Chris Isidore, CNN (CNN) — The average car buyer doesn’t think about where the parts in their vehicle come from – but automakers do. That’s why a new round of auto tariffs – this time on parts – coming into effect Saturday could upend the industry, even more than previous levies on imported cars.

CNN By Samantha Waldenberg and Bryan Mena, CNN (CNN) — President Donald Trump appeared to dismiss growing concerns that his economic policies could cause a recession, telling NBC News that the economy would be “OK” in the long term even if a recession happens in the near future. “Some people on Wall Street say that

By Samantha Waldenberg and Bryan Mena, CNN (CNN) — President Donald Trump appeared to dismiss growing concerns that his economic policies could cause a recession, telling NBC News that the economy would be “OK” in the long term even if a recession happens in the near future. “Some people on Wall Street say that we’re

By Auzinea Bacon, CNN (CNN) — Household appliance maker SharkNinja is recalling roughly 1.8 million pressure cookers due to reports of burn injuries, according to a US Consumer Product Safety Commission notice posted Thursday. The Ninja Foodi OP300 Series Multi-Function Pressure Cooker risks burning users because the lid can be opened during use, potentially “causing

By John Towfighi, CNN New York (CNN) — US stocks rose Friday and the S&P 500 notched its longest winning streak since 2004 as China signaled openness to trade talks and investors digested a better-than-expected jobs report. The Dow closer higher by 564 points, or 1.39%. The broader S&P 500 rose 1.47% and the tech-heavy

By Matt Egan, CNN New York (CNN) — Zelle is returning to service after an outage for customers at some banks due to what the popular peer-to-peer payment platform blamed on a problem at a different firm. DownDetector, which lets users track outages, showed a spike in customers reporting payment problems starting Friday morning before

By Reuters (Reuters) — Take-Two Interactive on Friday pushed the release of “Grand Theft Auto VI” to May 26, 2026, extending the wait for the most hotly anticipated title in video-gaming history and sending its shares tumbling 8% in early trading. The title, developed by Rockstar Games, was previously slated for a fall 2025 launch.

By Anna Stewart, Maisie Linford and Issy Ronald, CNN (CNN) — OpenAI has withdrawn an update that made ChatGPT “annoying” and “sycophantic,” after users shared screenshots and anecdotes of the chatbot showering them with over-the-top praise. When CNN’s Anna Stewart asked ChatGPT after the rollback if it thought she was a god, it replied with

By Brian Stelter, CNN (CNN) — Radio Free Asia is laying off most of its staff and shutting down many of its news broadcasts and streams, amid a funding battle with the Trump administration. Friday’s layoff notices are the latest impacts of President Trump’s crusade against the international broadcasters the United States has bankrolled for

By Natasha Chen, CNN Los Angeles (CNN) — Edgar Recinos no longer has to choose between paying rent and buying groceries. As a cook at a Wingstop restaurant in Los Angeles, Recinos got a significant wage bump last year — one of half a million fast food workers taking part in a great labor experiment.

By John Towfighi and Matt Stiles, CNN (CNN) — The US stock market has been on a rollercoaster during President Donald Trump’s second term. The S&P 500 posted its third-worst 100-day start to a presidential term in US history, only behind Gerald Ford and Richard Nixon. The S&P 500 initially surged after Trump’s reelection in

By Nathaniel Meyersohn, CNN New York (CNN) — Diversity, equity and inclusion (DEI) has been losing with corporate America, with one big exception: the people who actually own the companies. This year, investors at some of America’s biggest companies — Costco, Apple, Levi’s, John Deere, Goldman Sachs and others — have overwhelmingly voted against proposals

By Bryan Mena, CNN Washington (CNN) — America’s long-resilient job market continues to defy expectations — even in the wake of swirling uncertainty. The US economy added a surprisingly strong 177,000 jobs in April, a slight slowdown from March’s downwardly revised 185,000 gains, according to Bureau of Labor Statistics data released Friday. April’s gain was

By John Liu and Lisa Eadicicco, CNN (CNN) — Tariffs could add $900 million to Apple’s costs this quarter, Apple CEO Tim Cook said on Thursday, as he revealed the tech giant was shifting production of iPhones sold in the United States from China to India. “Assuming the current global tariff rates, policies, and applications

By Brian Stelter and Clay Voytek, CNN (CNN) — President Donald Trump signed an executive order Thursday directing the Corporation for Public Broadcasting to end federal funding for America’s two biggest public broadcasters, which have faced a series of attacks from the White House and Republican lawmakers accusing them of biased reporting. The order instructs

By Elisabeth Buchwald and Ramishah Maruf, CNN New York (CNN) — Many Americans might not have felt major effects from President Donald Trump’s sweeping tariffs — until now. That’s because a major shipping loophole expired at one minute past midnight on Friday. The de minimis exemption, as it’s known, allowed shipments of goods worth $800

By John Liu, CNN Hong Kong (CNN) — China says it is “currently assessing” proposals by the United States to begin trade talks, in a subtle tone shift that could open the door for negotiations. A spokesperson for China’s Commerce Ministry said in a Friday statement that “the US has recently sent multiple messages to

By Alexandra Skores, CNN Washington, DC (CNN) — Driverless trucks are officially running their first regular long-haul routes, making roundtrips between Dallas and Houston. On Thursday, autonomous trucking firm Aurora announced it launched commercial service in Texas under its first customers, Uber Freight and Hirschbach Motor Lines, which delivers time- and temperature-sensitive freight. Both companies