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By Catherine Thorbecke, CNN (CNN) — Before artificial intelligence can take over the world, it has to solve one problem. The bots are hallucinating. AI-powered tools like ChatGPT have mesmerized us with their ability to produce authoritative, human-sounding responses to seemingly any prompt. But as more people turn to this buzzy technology for things like

Brian Fung, CNN (CNN) — Amazon CEO Andy Jassy told employees to get on board with the company’s return-to-office plan or to consider employment elsewhere, the company confirmed to CNN, after a report by Insider highlighted Jassy’s remarks from a recent internal event. Jassy’s message reflects Amazon’s continued pressure on US office staff to comply

By Jennifer Korn, CNN New York (CNN) — The next iPhone could be just weeks away. Apple announced its fall special event on Tuesday, sending out press invites for the morning of September 12th. Invitees will get to attend in-person at the Steve Jobs Theater inside Apple Park, the company’s headquarters in Cupertino, California, while

By Danielle Wiener-Bronner, CNN New York (CNN) — Mitchell Gold + Bob Williams, which grew from a small North Carolina-based upholstery maker to a national retail furniture chain, is shuttering operations, citing weak sales and trouble securing financing. It’s the latest retailer hurting from sluggish sales as consumers pull back on spending. About 500 employees

By Clare Duffy and Brian Fung, CNN (CNN) — X, the platform formerly known as Twitter, is hiring for its safety and elections teams ahead of the 2024 US presidential election and will again allow political ads for the first time since 2019. “We’re currently expanding our safety and elections teams to focus on combating

By Elisabeth Buchwald, CNN New York (CNN) — Azher Abbasi, head of supervision at the Federal Reserve Bank of San Francisco — and a key official with direct oversight over failed Silicon Valley Bank — will retire at the end of October, the regional reserve bank announced this week. Abbasi and Mary Daly, president of

By Hanna Ziady, CNN London (CNN) — The UK government has delayed health and safety checks on food imports from the European Union for the fifth time in three years amid fears that the extra controls will push up food prices and disrupt vital supplies. The latest foot-dragging demonstrates that Britain is still struggling to

By Allison Morrow, CNN New York (CNN) — The value of crypto assets surged Tuesday after a US court cleared a path for the nation’s first bitcoin exchange-traded fund. The ruling is a breakthrough moment for crypto investors and a setback for the Securities and Exchange Commission, which has been trying to rein in the

By Bryan Mena, CNN Washington, DC (CNN) — Americans felt more pessimistic about the economy in August, following two straight months of growing confidence. The Conference Board’s Consumer Confidence Index, which gauges Americans’ attitudes towards the economy and job market, fell to a reading of 106.1 in August, down from 114 in July, reversing the

By Alicia Wallace, CNN Minneapolis (CNN) — The number of available jobs in the United States shrank for the third consecutive month, dropping below 9 million for the first time since early 2021, according to the latest data released Tuesday by the Bureau of Labor Statistics. In addition, a smaller number of workers quit their

By Danielle Wiener-Bronner, CNN New York (CNN) — Best Buy expects declining tech sales to hit a low this year before stabilizing, in another sign of consumer caution around discretionary spending and retail purchases. The consumer electronics store said Tuesday that it is lowering the high end of its forecast for this year, even though

By Anna Bahney, CNN Washington, DC (CNN) — Home prices rose again in June, marking the fifth successive month of gains, and remaining near the all-time highs notched a year ago. Prices rose 0.7% from the month before, according to seasonally adjusted data from the S&P CoreLogic Case-Shiller US National Home Price Index released Tuesday.

By Michael Nam, CNN New York (CNN) — California-based Farmers Insurance said Monday it is laying off 11% of its workforce — or 2,400 employees — in a bid to restructure itself for long-term growth. The jobs being cut are from across all areas of the company, according to a statement on its website. “Given

By Brian Fung, CNN (CNN) — More than a half-dozen leading tech CEOs will be among those attending a highly anticipated artificial intelligence event hosted by Senate Majority Leader Chuck Schumer next month, according to the senator’s office. The September 13 event will involve Google CEO Sundar Pichai and former Google CEO Eric Schmidt; Meta

By Jordan Valinsky, CNN New York (CNN) — 3M has agreed to pay $6 billion to resolve roughly 300,000 lawsuits alleging that the manufacturing company supplied faulty combat earplugs to the military that resulted in significant injuries, such as hearing loss. In a release, 3M said the agreement is “not an admission of liability” and

By Jordan Valinsky and Gregory Wallace, CNN New York (CNN) — All flights from Tampa International Airport have been canceled Tuesday as Hurricane Idalia barrels toward the Florida’s Gulf Coast. So far, that’s the only major airport significantly affected by the storm, which strengthened into a hurricane with maximum sustained winds of 75 mph overnight.

By Eva Rothenberg, CNN New York (CNN) — As it churns toward the disaster-prone Sunshine State, Hurricane Idalia could be a litmus test for Florida’s increasingly volatile and expensive insurance landscape. Despite several insurance companies exiting Florida, experts say the state’s residents are still mostly covered this hurricane season. But insurers are keeping a wary

By Laura He, CNN Hong Kong (CNN) — The United States is not seeking to decouple from China’s economy or hold it back, Commerce Secretary Gina Raimondo told senior Chinese economic officials Tuesday in Beijing. “The US-China commercial relationship is one of the most globally consequential, and managing that relationship responsibly is critical to both

By Junko Ogura and Michelle Toh, CNN Tokyo/Hong Kong (CNN) — Toyota will resume operations at its Japanese assembly plants Wednesday after a 24-hour stoppage caused by disruption to its finely-tuned supply chain. The world’s biggest automaker by sales said that its 14 vehicle factories in the country had paused activity Tuesday because a system

By Michelle Toh, CNN Hong Kong (CNN) — Hundreds of workers are slated to strike at two major liquefied natural gas (LNG) facilities in Australia belonging to Chevron starting next week, after unions voted for work stoppages in an ongoing labor dispute. Offshore Alliance, which represents the Australian Workers’ Union and the Maritime Union of