Money

By Samantha Delouya, CNN (CNN) — For years, buying a home in need of work was seen as a more affordable path to homeownership and building wealth. Home makeover shows dominated TV, house-flipping became a booming business, and first-time buyers embraced the idea of trading sweat equity for a lower purchase price. But lately, fixer-uppers

By John Towfighi, CNN (CNN) — Truth Social will sell Wall Street firms quicker access to market-moving posts from President Donald Trump, the company said on Thursday. Truth Social, owned by Trump Media & Technology Group (DJT), has become the president’s go-to place for announcing policy decisions. The president’s posts frequently move markets, from stocks

By Samantha Delouya, CNN (CNN) — Geopolitical tensions are rippling through America’s housing market, adding to the financial strain on homebuyers. This week, the average rate on a 30-year fixed mortgage climbed to 6.55% — its highest level in nearly a year — after renewed strikes in Iran rattled financial markets. The increase all but

By David Goldman, CNN (CNN) — US gas prices have rocketed higher during the on-again, off-again war with Iran. After a brief respite, the average price for gas has surged 15 cents in a week to $3.94 a gallon and appears headed north of $4 again. Diesel, which shows up in customers’ shipping costs, topped

By Phil Mattingly, CNN (CNN) — A Reporter’s Notebook from four cities, 5,000 miles, three dozen interviews and the people I can’t stop thinking about. We were a few minutes into a drive when Jolene Simecek said something that left me speechless. She was steering me through Parma, Ohio, narrating the new subdivisions as they

By Bryan Mena, CNN Washington (CNN) — Spending at US retailers last month was weaker than expected, despite the World Cup drawing tourists from around the world and online sales events. Retail sales rose 0.2% in June from the prior month, the Commerce Department said Thursday, down sharply from May’s revised 1% increase. That was

By Clare Duffy, CNN Rochester, Minn. (CNN) — Preparing to meet with a patient can require Mayo Clinic internal medicine physician Dr. Alexander Ryu to sort through dozens, or even hundreds, of pages of medical records. Many patients visit the renowned clinic looking for a third or fourth opinion, carting with them unsorted documents from

CNN, MAYO CLINIC, SCALE, GETTY IMAGES By Clare Duffy, CNN Rochester, Minn. (CNN) — Preparing to meet with a patient can require Mayo Clinic internal medicine physician Dr. Alexander Ryu to sort through dozens, or even hundreds, of pages of medical records. Many patients visit the renowned clinic looking for a third or fourth opinion,

By Stephanie Yang, Anna Cooban, Hanna Ziady, CNN (CNN) — The United States plans to impose a 25% tariff on some Brazilian imports from next week, after a yearlong investigation concluded that the country had engaged in “unfair” trade practices. It’s one of the first new tariffs to be imposed since President Donald Trump pledged

By Brian Stelter, CNN (CNN) — The New York Times has taken legal action to challenge unusual subpoenas issued to several of its reporters last week. The subpoenas, which attempt to compel the reporters to testify before a grand jury about their anonymous sources, were “abusive and improper” and should be quashed by a court,

By Ramishah Maruf, CNN New York (CNN) — Elon Musk’s xAI sued a user on Tuesday, alleging he used the Grok chatbot to create child sexual abuse materials. It’s one of the first lawsuits filed by a tech company against users who allegedly create explicit content with AI. Musk’s company alleged in the lawsuit that a

By Brian Stelter, Liam Reilly, CNN (CNN) — The Federal Communications Commission is changing its rules so that local TV station owners can get much, much bigger. The looming vote, which is likely to be challenged in court, is a long-sought victory for media moguls who are aligned with President Donald Trump and the Republican

By Brian Stelter, CNN (CNN) — Executives involved in the pending Paramount–Warner Bros. Discovery deal expect that a judge will hit pause on the takeover plan in the coming days. Officially, it’s anyone’s guess what the court will do in response to a request by 12 state attorneys general for a temporary restraining order (TRO).

By Bryan Mena, CNN Washington (CNN) — Federal Reserve Chairman Kevin Warsh faced intense grilling Wednesday from Democratic Sen. Elizabeth Warren, who demanded to know whether he had questioned a colleague about reports that she attended a meeting with bankers last month that may have violated Fed rules, fueling a heated exchange about ethics. The

By Elisabeth Buchwald, CNN (CNN) — Inflation at the wholesale level cooled last month, helped by a sharp drop in energy prices, according to data released Wednesday by the Bureau of Labor Statistics. On an annual basis, the Producer Price Index, which measures the prices businesses receive for their goods and services, slowed at a

By Stephanie Yang, John Liu, CNN Hong Kong (CNN) — China is struggling to offset economic challenges both at home and abroad, as its economy grew at a slower-than-expected pace in the second quarter of the year. On Wednesday, China’s National Bureau of Statistics said the economy grew 4.3% in the quarter ending June 30,

By Hadas Gold, CNN (CNN) — The White House is establishing a new AI cybersecurity clearinghouse to help coordinate cybersecurity defenses across critical infrastructure. Industries and critical infrastructure are racing to catch up with new AI models with increasingly advanced abilities that can find and exploit (but also defend against) cybersecurity vulnerabilities. Some AI companies

By David Goldman, CNN (CNN) — Just before the United States reimposed its naval blockade of Iranian ports Tuesday afternoon, Iran appeared to be readying blockade-busting vessels in the Persian Gulf that could attempt to evade US military forces. Twenty-three Iranian vessels operating inside the Strait of Hormuz are fraudulently flagged, recently turned their transponders