Money

By Alicia Wallace, CNN (CNN) — After years of plentiful employment opportunities, healthy pay bumps and pandemic savings-fueled spending sprees, American workers now face a sobering economic reality: It’s getting harder and harder to find work, and more and more industries are shedding jobs. The latest jobs report, released Friday, indicated that the US economy

By Reuters (CNN) — Anthropic told a San Francisco federal judge on Friday that it has agreed to pay $1.5 billion to settle a class-action lawsuit from a group of authors who accused the artificial intelligence company of using their books to train its AI chatbot Claude without permission. Anthropic and the plaintiffs in a

CNN, GETTY, BLOOMBERG, TESLA, CCTV, WLUK, WSYX, KCNC, CNBC, X, ELONMUSK, X/ElonMusk By Chris Isidore, CNN (CNN) — Elon Musk, already the world’s richest person, could become the first trillionaire after the Tesla board unveiled a massive new pay package for its CEO to keep his focus on the troubled EV maker. The package would

By Liam Reilly, CNN (CNN) — A federal judge on Friday dismissed pro-Trump channel Newsmax’s lawsuit against Fox News just two days after it was filed, calling it a “shotgun” complaint. Newsmax’s lawsuit is a “shotgun pleading,” US District Judge Aileen Cannon ruled, using a term for disorganized complaints that fail to meet certain pleading

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve must be relieved of its duties regulating the nation’s banks, Treasury Secretary Scott Bessent wrote in an essay published Friday. Bessent wrote in the Wall Street Journal that the central bank has veered away from what he described as its core mission of promoting full

By David Goldman and Reuters (Reuters) — President Donald Trump on Friday threatened the European Union with an investigation that could lead to higher tariffs, after the EU fined Google billions of dollars for violating its antitrust laws. The EU announced earlier Friday that Google must pay a €2.95 billion ($3.45 billion) antitrust fine for

CNN By Alicia Wallace, CNN (CNN) — The US job market is stalling out. Job growth slowed to a crawl in August, and the unemployment rate rose to its highest level in nearly four years, indicating the US labor market is growing stagnant. The economy added just 22,000 jobs last month and the unemployment rate

By Chris Isidore, CNN (CNN) — Elon Musk, already the world’s richest person, could become the first trillionaire after the Tesla board unveiled a massive new pay package for its CEO to keep his focus on the troubled EV maker. The package would grant him additional shares of Tesla stock if the company is able

By Chris Isidore, CNN (CNN) — The Powerball lottery’s advertised jackpot is up to a massive $1.7 billion, thanks in large part to high ticket sales and the lack of a winner since late May. But there’s another reason you might not expect: high interest rates. But to explain why high interest rates are a

By Alicia Wallace, CNN (CNN) — The US job market is stalling out. Job growth slowed to a crawl in August, and the unemployment rate rose to its highest level in nearly four years, indicating the US labor market is growing stagnant. The economy added just 22,000 jobs last month and the unemployment rate rose

By Hadas Gold, CNN New York (CNN) — James, a married father from upstate New York, has always been interested in AI. He works in the technology field and has used ChatGPT since its release for recommendations, “second guessing your doctor” and the like. But sometime in May, his relationship with the technology shifted. James

CNN By Hadas Gold, CNN New York (CNN) — James, a married father from upstate New York, has always been interested in AI. He works in the technology field and has used ChatGPT since its release for recommendations, “second guessing your doctor” and the like. But sometime in May, his relationship with the technology shifted.

By John Liu, CNN (CNN) — Despite years of engagement in a global chip war, China remains a vital operation base for several Asian-grown champions. But even from afar, Washington still holds key levers of power. The latest example: The US government’s revoking of authorization for Taiwanese and South Korean chip titans to freely send

By Bryan Mena, CNN Washington (CNN) — The Justice Department is investigating Federal Reserve governor Lisa Cook to probe whether she submitted fraudulent mortgage applications, according to the Associated Press. DOJ investigators have begun issuing subpoenas as part of the probe, the AP reported, citing a person familiar with the matter who was not authorized

By Hadas Gold, CNN (CNN) — Billionaire and onetime top White House advisor Elon Musk said he was invited to a tech leader summit at the White House’s newly renovated Rose Garden on Thursday, but will not be attending. “I was invited, but unfortunately could not attend. A representative of mine will be there,” Musk

By Lianne Kolirin, CNN (CNN) — Harrods, the high-end London department store, has applied to local authorities for permission to remove sculptures of disgraced former owner Mohamed Al Fayed from its interior. The renowned business, which started life as a grocery store in 1849, has submitted detailed plans to overhaul its Egyptian-themed hall and a

By Bryan Mena, CNN Washington (CNN) — Stephen Miran, the White House economist President Donald Trump nominated to the Federal Reserve’s top ranks, just got an earful about the importance of the central bank’s independence — just as the Trump administration actively defends removing Fed Governor Lisa Cook from her post. The Senate Banking Committee

By Alicia Wallace, CNN (CNN) — Warning signs have been flashing for months that the US job market has been losing steam. That became starkly clearer in July, and the early data for August isn’t looking much better. New metrics released Thursday showed that first-time claims for unemployment benefits rose to an 11-week high; that

By Ruben Correa, Gordon Ebanks, CNN (CNN) — The winning numbers for Saturday’s $1.8 billion Powerball jackpot are 11, 23, 44, 61, 62 with red Powerball of 17 and a Power Play multiplier of 2. The jackpot is the second-largest in US lottery history, behind only the record $2.04 billion Powerball jackpot won in 2022