Money

By Bryan Mena, CNN Washington (CNN) — Mortgage rates fell this week to their lowest level since early April, taking some pressure off America’s unaffordable housing market. The standard 30-year fixed-rate mortgage averaged 6.87% in the week ending June 20, mortgage financing giant Freddie Mac reported Thursday. That’s down from last week’s 6.95% average and

By Clare Duffy, CNN New York (CNN) — The OpenAI co-founder who left the high-flying artificial intelligence startup last month has announced his next venture: a company dedicated to building safe, powerful artificial intelligence that could become a rival to his old employer. Ilya Sutskever announced plans for the new company, aptly named Safe Superintelligence

By Oliver Darcy, CNN (CNN) — Two Pulitzer Prize-winning journalists at The Washington Post went on the record late Wednesday, calling for leadership change at the storied newspaper as questions swirl over the integrity of its new publisher and chief executive, Will Lewis. “I don’t know a single person at the Post who thinks the

By Hanna Ziady, CNN London (CNN) — Leading shipping groups have urged governments “with influence” to put a stop to Houthi attacks on vessels in the Red Sea after a second freighter sank this week. At least three seafarers have been killed in the attacks so far. The latest sinking is likely to have led

By Jordan Valinsky, CNN New York (CNN) — This weekend’s rematch between basketball rivals Caitlin Clark and Angel Reese is breaking more records before it even begins. Ticket prices for Clark’s Indiana Fever and Reese’s Chicago Sky are the most expensive for a WNBA game ever, according to TickPick, with the average hovering at around

By Matt Egan, CNN New York (CNN) — Corporate America is rapidly adopting artificial intelligence to automate work once exclusively done by humans. More than half (61%) of large US firms plan to use AI within the next year to automate tasks previously done by employees, according to a survey of finance chiefs released Thursday.

By Elisabeth Buchwald, CNN New York (CNN) — It’s easy to grasp why Apple, Microsoft and Google are multitrillion-dollar companies: Just think about how many people around the world interact with the companies’ products and rely on them to go about their daily lives. But these multigenerational brand names are now trailing behind Nvidia, suddenly

By Anna Cooban, CNN London (CNN) — Private schools in Britain conjure up images of rolling lawns, pristine tennis courts, and dormitory rooms, serving as gilded hothouses of privilege. Eton College, perhaps the most famous, has educated no fewer than 20 UK prime ministers. These schools may soon become even more exclusive if the opposition

By Laura He and Olesya Dmitracova, CNN Hong Kong/London (CNN) — Battered by Western sanctions, Russia’s largest privately owned bank is expanding its business in the world’s second-largest economy. Alfa Bank, controlled by sanctioned Russian oligarch Mikhail Fridman, has launched a website and support service in Chinese for businesses in the country, it said in

By Natasha Chen, CNN (CNN) — Two employees are suing the Walt Disney Company, saying the company moved their jobs from California to Florida, only for Disney to cancel the project and move them back, hurting them financially and emotionally. They’re proposing a class action, alleging there are many others in a similar situation. In 2021,

By Pete Muntean, CNN (CNN) — At least two major airlines have warned pilots that if a bird hits one of the engines on a Boeing 737 Max, the passenger cabin could become filled with smoke. Documents newly obtained by CNN detail that Boeing warned Southwest Airlines and American Airlines of the potential problem in

By Clare Duffy, CNN New York (CNN) — Airbnb has undermined users’ safety by scaling back its work to remove extremists from its platform, a former contractor alleged in a new whistleblower complaint. Jess Hernandez worked full-time as an investigations analyst for Airbnb’s dangerous organizations team from May 2022 to November 2023, researching extremist networks

By Peter Valdes-Dapena, CNN (CNN) — US and Canadian auto dealerships remained at a near-standstill on Thursday because of a second cyber incident at data provider CDK Global, whose software is used at 15,000 auto dealers – an outage that could last for days, perhaps eating into sales over the first official weekend of summer.

By David Goldman, CNN (CNN) — Wikipedia’s editors declared that the Anti-Defamation League cannot be trusted to give reliable information on the Israel-Palestine conflict, and they overwhelmingly said the ADL is an unreliable source on antisemitism. It’s a stunning rebuke to one of the world’s preeminent authorities on anti-Jewish hate and a significant advocate for

By Jordan Valinsky, CNN New York (CNN) — Families that lost loved ones in two Boeing 737 Max crashes said on Wednesday that the company committed the “deadliest corporate crime in US history” and asked the Justice Department to fine the company the maximum $24 billion it could face in a criminal trial. The families

By Oliver Darcy, CNN New York (CNN) — Editor’s Note: A version of this article first appeared in the “Reliable Sources” newsletter. Sign up for the daily digest chronicling the evolving media landscape here. Donald Trump can’t quit Fox News. The Republican presidential candidate may lash out in strong terms at the right-wing channel for supposedly not being sufficiently

By Samantha Murphy Kelly, CNN (CNN) — Victor Miller, 42, recently filed paperwork to run for mayor of Cheyenne, Wyoming, but it wasn’t exactly for him: He listed the name of a customized AI chatbot to appear on the ballot. He argued that the chatbot, named VIC – for “virtual integrated citizen” – would use

By Hanna Ziady, CNN London (CNN) — UK inflation slowed to 2% in May, falling to the Bank of England’s target for the first time in nearly three years as food price rises eased sharply. The consumer price data published Wednesday means the United Kingdom is now ahead of most other G7 economies in bringing