Money

By Nathaniel Meyersohn, CNN New York (CNN) — America’s highest-profile retail chains are walking a difficult tightrope — trying to blunt the financial hit from tariffs by raising prices for consumers without angering them or President Donald Trump. Walmart, Target and Home Depot are recent examples of how companies are struggling to navigate raising prices

By Clare Duffy, CNN New York (CNN) — Minutes after Louisiana State Police got word on Friday morning that 10 inmates had escaped a New Orleans jail, two of them were spotted on facial recognition cameras in the city’s French Quarter. Police arrested one of the escapees shortly after; the other, days later. The cameras

By John Liu, CNN Hong Kong (CNN) — Chinese consumer electronics giant Xiaomi has launched a new electric SUV and debuted a self-designed smartphone chip, in a push to expand beyond its roots in budget devices. The company’s CEO and founder Lei Jun introduced the YU7, Xiaomi’s first SUV, and the Xring O1, a 3-nanometer

By Liam Reilly, CNN (CNN) — The Federal Trade Commission on Wednesday sent Media Matters for America a letter demanding communications between the progressive media watchdog and advertising entities as the commission probes whether the watchdog colluded with advertisers to pull funding from Elon Musk’s X. Media Matters was notified in a letter dated May

By Samantha Delouya, CNN (CNN) — Mortgage rates are inching back toward 7%, highlighting the ongoing strain on US home buyers. The average rate on a standard, 30-year fixed mortgage was 6.86% in the week ending May 22, the highest level since mid-February, according to data released Thursday from Freddie Mac. Growing concern about the

By Lisa Eadicicco, CNN (CNN) — Artificial intelligence startup Anthropic says its new AI model can work for nearly seven hours in a row, in another sign that AI could soon handle full shifts of work now done by humans. The new model could bring AI one step closer to replacing jobs as tech giants

By Mostafa Salem, CNN (CNN) — OpenAI and Nvidia will join other companies to build Stargate UAE, an artificial intelligence infrastructure cluster, in a sister project to the recently unveiled push to expand AI infrastructure in the United States. Appearing alongside President Donald Trump in January, the CEOs of OpenAI, SoftBank and Oracle said they

By Veronica Miracle and Gregg Canes, CNN (CNN) — When Yaani King Mondschein stepped onto the set of NBC’s “Quantum Leap” in February 2023, she had no idea it would be her last acting gig for several years. Mondschein had been called back to play “Frankie Cahill,” a recurring guest star featured in two episodes

By Chris Isidore and Matt Egan, CNN (CNN) — The US Treasury is phasing out production of the penny and will soon stop putting new one-cent coins into circulation, the department said in a statement Thursday. The news of the decision was first reported by the Wall Street Journal Thursday. A Treasury spokesperson said the

By Jordan Valinsky, CNN New York (CNN) — Nike is returning to Amazon after an absence of more than five years and hiking prices on some products as its new CEO works to reverse a revenue slump. The apparel brand announced in 2019 that it would pull its products from Amazon in the United States,

By Clare Duffy, CNN New York (CNN) — Following reports from CNN and other news outlets, Senator Maggie Hassan is demanding information about how Spotify is handling phony podcasts promoting potentially illegal online pharmacies. Spotify said last week that it had removed dozens of podcasts identified by CNN that blatantly promoted the online pharmacies purportedly

By Anna Cooban, CNN London (CNN) — JPMorgan Chase CEO Jamie Dimon isn’t ruling out stagflation in the United States, citing risks posed by large government budget deficits, including in America, and the disruption to global trade induced by US tariffs. The term refers to a nightmare combination of economic stagnation or even a recession

By Clare Duffy, CNN New York (CNN) — Tech firm Workday is facing a collective action lawsuit alleging that its job applicant screening technology is discriminatory, following an order by a California district judge on Friday. The outcome could set a precedent for whether and how companies can use algorithms and artificial intelligence to make

By Matt Egan, CNN New York (CNN) — In the spring of 2020, America faced a once-in-a-century health crisis that crashed the economy and threatened the lives of millions. Republicans and Democrats came together to pass a forceful, and expensive, emergency response that helped prevent permanent scarring to the economy. Today, America’s mountain of debt

CNN, POOL, HOUSE TV By David Goldman, CNN (CNN) — The decidedly unsexy bond market is usually pretty quiet. But when they want to, bond investors can send a loud, clear message to Washington. They did just that Wednesday and Thursday. The 20-year bond auction conducted by the US Treasury on Wednesday afternoon was unusually

By David Goldman, CNN (CNN) — The decidedly unsexy bond market is usually pretty quiet. But when they want to, bond investors can send a loud, clear message to Washington. They did just that Wednesday and Thursday. The 20-year bond auction conducted by the US Treasury on Wednesday afternoon was unusually weak: Demand for the

By Amy Gunia, CNN (CNN) — US President Donald Trump’s whirlwind visit last week to the Middle East saw a wave of AI dealmaking that could reshape the global technology landscape. On May 12, Saudi Arabia’s sovereign wealth fund Public Investment Fund announced the establishment of AI startup Humain. US companies Nvidia, AMD, and Qualcomm

By Samantha Delouya, CNN (CNN) — President Donald Trump on Wednesday said he soon planned to decide whether to privatize Fannie Mae and Freddie Mac, the government-sponsored entities that help provide stability and affordability to America’s home mortgage market. “I am giving very serious consideration to bringing Fannie Mae and Freddie Mac public,” Trump posted

By Samantha Delouya, CNN (CNN) — Foreign nationals with $5 million to spare will soon be able to register for a new “gold card” visa that would give them the right to live and work permanently in the United States, Commerce Secretary Howard Lutnick said on Wednesday. “I expect there will be a website up

By Brian Stelter, CNN (CNN) — This is an epic — pardon the pun — week for Comcast and the wider media business. Epic Universe, the first major new theme park in the US in 20-plus years, is opening in Orlando, Florida, on Thursday. Fans are expected to camp out overnight ahead of the official