Money

By Lisa Eadicicco, CNN (CNN) — Jony Ive, the veteran former Apple design chief credited with shaping the company’s product design, is joining ChatGPT maker OpenAI. OpenAI will merge with Ive’s tech company, io, according to a joint announcement from Ive and OpenAI CEO Sam Altman. The deal is said to be valued at about

By John Towfighi, CNN New York (CNN) — Stocks, bonds and the dollar fell on Wednesday as concerns mount about the premier status of American assets. The Dow closed lower by 817 points, or 1.91%. The broader S&P 500 slid 1.61% and the tech-heavy Nasdaq Composite fell 1.41%. The three major indexes each posted their

By Nathaniel Meyersohn, CNN New York (CNN) — Target was already facing a very public revolt from some of its most loyal customers. Now it’s warning about tariffs. The company said Wednesday that sales fell last quarter, driven in part by customer backlash to Target’s reversal on diversity, equity and inclusion (DEI) programs. Target also

CNN, FAA ORDER, NLIA By Chris Isidore, CNN (CNN) — Summer’s usually a boom time for airlines. This year could change that. Airlines began 2025 projecting strong growth. But since then, one issue after another has cut into passenger demand. Air traffic control problems are causing flight delays and cancellations, feeding into traveler worries over

By Chris Isidore, CNN (CNN) — Summer’s usually a boom time for airlines. This year could change that. Airlines began 2025 projecting strong growth. But since then, one issue after another has cut into passenger demand. Air traffic control problems are causing flight delays and cancellations, feeding into traveler worries over safety that began in

By Matt Egan, CNN New York (CNN) — Despite a brief market scare, the richest 10 Americans got $365 billion richer over the past year, according to a new analysis from Oxfam. The stunning increase in wealth amounts to a gain of roughly $1 billion per day for those billionaires. By contrast, the typical American

By Nectar Gan, CNN Hong Kong (CNN) — Just days after the United States and China declared a temporary truce over tariffs, tempers are already flaring: this time over the future of Beijing’s most advanced homegrown semiconductors. Over the past week, Beijing has repeatedly lashed out at Washington for warning companies against using AI chips

By Brian Stelter, CNN (CNN) — Amid an antitrust battle with the Justice Department, global entertainment company Live Nation is adding one of President Trump’s closest advisors to its board of directors. Richard Grenell, who is both Trump’s presidential envoy for special missions and the newly installed president of the Kennedy Center, was named to

By Lisa Eadicicco, CNN (CNN) — The very basic meaning of what it means to ” Google” something – typing in keywords and sifting through links, images and information snippets is nearly behind us, according to Google. The search giant laid out its vision for the future of searching the web on Tuesday, introducing a

By Hadas Gold, CNN (CNN) — Elon Musk spent a record amount of money on the 2024 election to help get President Donald Trump elected. Now he says he’ll be pulling back. “In terms of political spending, I’m going to do a lot less in the future,” Musk told Bloomberg’s Mishal Husain at the Qatar

By Jordan Valinsky, CNN New York (CNN) — Elon Musk says he’ll be sticking around as CEO of Tesla for the next few years. During an interview Tuesday at Bloomberg’s Qatar Economic Forum in Doha, Musk was asked if he was committed to being the leader of Tesla for the next five years, and he

By Jeanne Sahadi and Tami Luhby, CNN (CNN) — Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do just that has become a point of contention and a possible roadblock to House Republicans’ passing “one big, beautiful bill” that reflects President Donald

By Jordan Valinsky, CNN New York (CNN) — Selena Gomez isn’t a stranger to collaborations on her music, but her latest partner is a bit different: Oreo. The singer, actress, investor and now, cookie maker, created a first-ever flavor for Oreo as part of the cookie company’s growing roster of partnerships to help attract Gen

By Brian Stelter, CNN (CNN) — Sometimes the arguments could be heard well down the hall. The topic was “60 Minutes,” and the tension was audible. CBS News chief Wendy McMahon was clashing with her bosses over upcoming stories on the newsmagazine — in part because President Trump’s legally dubious lawsuit against CBS meant that

By Nathaniel Meyersohn, CNN New York (CNN) — Home Depot plans to keep most of its prices stable, despite President Donald Trump’s tariffs driving costs up. But tariffs may cause Home Depot to increase prices on select items and eliminate some product lines entirely. “We don’t see broad based price increases for our customers at

By Elisabeth Buchwald, CNN (CNN) — After the United States lost its last perfect credit rating on Friday, Republicans and Democrats responded by pointing fingers at each other. Moody’s Ratings said problematic debt levels far outpacing government revenue led to the downgrade. Now, it’s up to lawmakers on both sides to take actions to improve

By John Liu, CNN Hong Kong (CNN) — Shares in China’s Contemporary Amperex Technology (CATL), the world’s largest electric vehicle battery maker, surged as much as 18% on its first day of trading in Hong Kong, shrugging off geopolitical uncertainties. On Tuesday, CATL shares opened at 296 Hong Kong dollars ($37.8), well above the subscription

By Nectar Gan, CNN Hong Kong (CNN) — Despite a 90-day truce in its trade war with the United States, China appears to be maintaining tight control over its rare earth exports – preserving a key source of leverage in future negotiations amid intensifying strategic rivalry with Washington. As part of last week’s trade agreement

By Matt Egan, CNN New York (CNN) — The nearly 40 million Americans expected to hit the roads this Memorial Day weekend will have something to make them smile while sitting in traffic: cheap gas prices. The national average price of a gallon of gasoline is expected to be $3.08 on Memorial Day, according to

By Alicia Wallace, CNN (CNN) — JPMorgan Chase CEO Jamie Dimon says the full effects of tariffs have yet to be felt and that markets are exhibiting an “extraordinary amount of complacency” in the face of those and other risks. “When I’ve seen all these things adding up that are on the fringes of extreme,