Money

By Allison Morrow, CNN New York (CNN) — The trial of Sam Bankman-Fried, a onetime crypto billionaire who stands accused of orchestrating a multibillion-dollar fraud, kicked off Tuesday in federal court in Manhattan. Jury selection took up most of the first day, with opening arguments to follow on Wednesday. The former crypto billionaire appeared in

CNN By Allison Morrow, CNN New York (CNN) — Eleven months ago, Sam Bankman-Fried was living in the Bahamas as a crypto superstar, running a celebrity-backed startup, surrounded by fans and friends who believed he was the real deal: An MIT math whiz. A visionary who ditched the Wall Street track to chart his own

By Nouran Salahieh, CNN (CNN) — The Powerball jackpot climbed to an estimated $1.2 billion after no ticket matched all numbers to nab the grand prize during Monday night’s drawing. The mammoth prize up for grabs Wednesday is the third largest in Powerball history. If won, the lucky player will have the option to claim

CNN By Anna Cooban, CNN London (CNN) — The head of the Organization of the Petroleum Exporting Countries — a group of the world’s major oil producers — told CNN Monday that a lack of investment in the oil industry posed a danger to global energy security and could send crude prices to $100 a

By Laura He, CNN Hong Kong (CNN) — Stocks in Hong Kong suffered their worst day in three months on Tuesday on growing concern about China’s weak housing market and persistently high US interest rates. The Hang Seng Index ended down 2.7% — its biggest drop since early June — after investors returned from a

By Maxime Tamsett, CNN (CNN) — Florida’s minimum wage rose by one dollar Saturday to $12/hour. The increase is the result of a constitutional amendment approved by voters in 2020 to gradually raise the Sunshine state’s minimum wage to $15/hour by September 30, 2026. Florida’s minimum wage stood at $8.56/hour when voters approved the 2020

By Ramishah Maruf, CNN New York (CNN) — Fast food chains are implementing all sorts of changes to their drive-thrus, and it looks like it’s paying off for customers in line, according to a new report. Some of the leading fast food companies, such as Wendy’s, Chick-fil-A and Carl’s Jr. saw major reductions in their

By Matt Egan, CNN New York (CNN) — The long-delayed and highly controversial deal to bring Truth Social and the Trump media empire to Wall Street has a new twist – the merger could get terminated by either party. Under an updated merger agreement, both parties in the deal will have the opportunity to kill

CNN By Matt Egan, CNN New York (CNN) — The long-delayed and highly controversial deal to bring Truth Social and the Trump media empire to Wall Street has a new twist – the merger could get terminated by either party. Under an updated merger agreement, both parties in the deal will have the opportunity to

By Samantha Murphy Kelly, CNN Business (CNN) — Apple is working on a software fix following reports that some of its new iPhone 15 models are overheating. The company told CNN the current overheating issues are not a safety risk and will not affect the long-term performance of impacted iPhone models. It also emphasized that

By Brian Fung, CNN (CNN) — Microsoft CEO Satya Nadella warned on Monday of a “nightmare” scenario for the internet if Google’s dominance in online search is allowed to continue, a situation, he said, that starts with searches on desktop and mobile but extends to the emerging battleground of artificial intelligence. Nadella testified on Monday

By Nicole Goodkind, CNN New York (CNN) — JPMorgan Chase CEO Jamie Dimon issued a stark warning Monday to Wall Street: The Federal Reserve may be far from finished with its aggressive regimen of interest rate hikes in the fight against elevated inflation. Most analysts say the central bank will raise interest rates just one

By Jordan Valinsky, CNN New York (CNN) — Comedian John Oliver returned to his HBO show “Last Week Tonight” on Sunday, becoming the latest late night host to air a new program following the end of the writers’ strike. “We missed so much that it would take a whole new version of Billy Joel’s ‘We

By Chris Isidore, CNN New York (CNN) — Tesla reported slower third quarter sales that fell short of Wall Street forecasts. The world’s largest electric car maker reported it delivered 435,000 vehicles in the period. That’s down 7% from the 466,000 deliveries in the second quarter. Analysts surveyed by FactSet Research had expected sales to

By Matt Egan, CNN New York (CNN) — Corporate America is breathing a sigh of relief after lawmakers narrowly avoided a chaotic shutdown of the federal government. Business leaders and economists had warned a shutdown would have hurt the economy by causing vast uncertainty, significant disruptions and hurting confidence. “While brinksmanship is never the answer,

By Anna Cooban, CNN London (CNN) — The head of the Organization of the Petroleum Exporting Countries — a group of the world’s major oil producers — told CNN Monday that a lack of investment in the oil industry posed a danger to global energy security and could send crude prices to $100 a barrel.

By Chris Liakos and Anna Cooban, CNN Paris/London (CNN) — A lawyer for Bernard Arnault has dismissed allegations of money laundering that triggered a preliminary investigation by French prosecutors into the billionaire’s dealings with a Russian businessman, saying they are “as absurd as they are unfounded.” On Friday, the Paris Public Prosecutor’s Office told CNN

By Allison Morrow, CNN New York (CNN) — Eleven months ago, Sam Bankman-Fried was living in the Bahamas as a crypto superstar, running a celebrity-backed startup, surrounded by fans and friends who believed he was the real deal: An MIT math whiz. A visionary who ditched the Wall Street track to chart his own course.

By Kelly McCleary, CNN (CNN) — Get your tickets ready: An estimated $1.04 billion dollar jackpot could be yours in Monday night’s Powerball drawing. The massive prize is the second-largest jackpot this year and the fourth-largest in the lottery’s history, Powerball said. The winning numbers are: 12, 26, 27, 43, 47 and Powerball 5. If