Money

By Nathaniel Meyersohn, CNN New York (CNN) — Ron Vachris does not fit the profile of a typical risk-taking executive. Vachris started at Costco as a forklift driver in 1982 while he attended community college. He went on to manage Costco’s warehouses on the West Coast before he was tapped to lead the company’s real

By Rosa de Acosta, John Liu, CNN (CNN) — Tech giant Nvidia became the first company in corporate history to briefly surpass a $5 trillion valuation in October thanks to its role in the AI boom. Insatiable demand from global companies for its AI chips has cemented its dominance with an 81% market share by

By Clare Duffy, CNN New York (CNN) — A jury found that Uber must pay $8.5 million to a woman who said one of its drivers raped her. The decision could set the stage for payments to thousands of other passengers who filed similar claims against the rideshare company. Jaylynn Dean sued Uber in 2023,

By John Towfighi, CNN New York (CNN) — The Dow just hit 50,000 points for the first time ever. The blue-chip index on Friday surged 1,097 points, or 2.24%, and climbed above 50,000 points during trading. It’s the first time the 129-year-old index has crossed the historic 50,000-point milestone. The Dow’s ascent is emblematic of

By Olesya Dmitracova, CNN London (CNN) — Stellantis, the owner of Jeep and Chrysler, announced a “reset” of its business after its enormous investments in electric vehicles failed to pay off. The company said Friday that it would take charges of more than $26 billion, the bulk of which includes write-offs and cash payments for

By Brian Stelter, CNN (CNN) — NBC used to promote the cast of the “Today” show as “America’s first family,” and this agonizing week has shown why. Savannah Guthrie’s co-hosts and colleagues have extended their support, both on-air and off, as the authorities try to find her 84-year-old mother, Nancy. Guthrie’s co-host Craig Melvin and

By Clare Duffy, CNN. Graphic by Koko Nakajima, CNN. New York (CNN) — High school students are on the verge of entering a very different job market than earlier generations did. Experts in tech and economics largely agree that AI is poised to disrupt many jobs and may eliminate some altogether. And entry-level roles are

By John Towfighi, CNN New York (CNN) — Gold has been considered a store of value for thousands of years. In 2026, it’s been trading more like a meme stock than a safe haven. Investors often flock to gold when crises hit, inflation spikes or stocks slump as a way to preserve their money’s worth.

By Lisa Eadicicco, CNN (CNN) — Anthropic’s Cowork AI assistant sent shockwaves through Wall Street this week. Now Anthropic is taking another leap forward, improving its model. Anthropic’s new Claude Opus 4.6 model, announced Thursday, is designed to make Cowork AI better for office and coding work, potentially raising even more concerns that the AI

By Jordan Valinsky, CNN New York (CNN) — Pour, or instead squeeze, one out for a childhood staple: Minute Maid’s frozen juices are soon disappearing from shelves after an 80-year run. Coca-Cola, which owns Minute Maid, said in a statement Thursday that it’s exiting the frozen can category. That will result in its lineup of

By John Towfighi, CNN New York (CNN) — US stocks dropped Thursday, continuing a recent patch of volatility, as Wall Street grappled with persistent nerves about artificial intelligence and economic data showed the labor market weakened over the past two months. The Dow closed lower by 593 points, or 1.2%. The S&P 500 fell 1.23%,

By David Goldman, CNN New York (CNN) — Bitcoin is acting weird. The world’s most famous cryptocurrency has now lost half its value from its October peak, falling below $63,000 Thursday for the first time in 16 months. That decline is actually not unusual at all. Crypto is notoriously volatile, and it’s gone through numerous

By Alicia Wallace, CNN (CNN) — The labor market is becoming increasingly inhospitable in the United States, as demand for workers continues to wane and job postings are at their lowest levels since the pandemic. New data from the Bureau of Labor Statistics released Thursday showed that the estimated number of job openings sank to

By Vanessa Yurkevich, Amy O’Kruk, CJ Riculan, CNN (CNN) — Americans are gearing up to host Super Bowl parties, and the game day spread will likely be front and center for many of them. Shopping for this year’s Super Bowl brings news that’s worthy of a touchdown dance: hosting a party might not break the

By Matt Egan, CNN New York (CNN) — The car repo business is booming as Americans fall behind on increasingly expensive car payments. Cars are being repossessed at the highest rate since the Great Recession of 2008 and 2009. The repo tactics have drawn the attention of Massachusetts Sen. Elizabeth Warren, who launched a probe

By Hanna Ziady, CNN London (CNN) — Athletes on the podium at the Winter Olympics in Italy this month will be awarded the most expensive medals in the history of the Games, thanks to soaring precious metals prices. More than 700 gold, silver and bronze medals will be presented to the world’s top winter sports

By Brian Stelter, CNN (CNN) — Washington Post owner Jeff Bezos remains committed to the publication, its top editor told CNN in an interview Wednesday, hours after the Post laid off hundreds of employees. “He wants the Post to be a bigger, relevant, thriving institution,” executive editor Matt Murray said. Many Post journalists doubt that,

By Ramishah Maruf, CNN New York (CNN) — The US Equal Employment Opportunity Commission is probing Nike in response to unspecified allegations that the company discriminates against White employees, the agency said Wednesday. The agency said it is investigating potential discrimination against White workers that may have occurred in part due to “NIKE’s Diversity, Equity,

By David Goldman, CNN (CNN) — “Reclaiming my time” made a comeback Wednesday – and with it, Rep. Maxine Waters added a new, made-for-TikTok tag: “Can you shut him up?” The fiery exchange between Waters, the Democratic ranking member on the House Financial Services Committee, and Treasury Secretary Scott Bessent echoed the famous 2017 standoff