Money

By Elisabeth Buchwald, CNN (CNN) — National Economic Council Director Kevin Hassett said Wednesday that researchers at the New York Federal Reserve who produced a study finding American businesses and consumers are shouldering 90% of the cost of President Donald Trump’s tariffs should be “disciplined.” “It’s, I think, the worst paper I’ve ever seen in

By Brian Stelter, CNN (CNN) — A recent FCC inquiry to ABC about a possible “equal time” rule violation at “The View” raised concerns at CBS that “The Late Show with Stephen Colbert” could be targeted next, according to people familiar with CBS’s deliberations. The government pressure clearly had an impact. Lawyers for CBS contacted

By Hanna Ziady, CNN London (CNN) — Microsoft says it is on track to invest $50 billion by the end of the decade to help bring artificial intelligence to lower-income countries, as concerns mount over the technology’s potential to deepen inequality. The announcement was made Wednesday at the AI Impact Summit in New Delhi, where

By Matt Egan, CNN New York (CNN) — A growing wave of business leaders has had their careers derailed after the recent release of millions of files linked to convicted sex offender Jeffrey Epstein. Corporate America initially saw limited ramifications after the US Justice Department was forced to release some of the Epstein documents in

By Clare Duffy, Samantha Delouya, Veronica Miracle, CNN New York (CNN) — Meta CEO Mark Zuckerberg was grilled Wednesday about whether his company intentionally designed Instagram to be addictive, in front of the young woman accusing Meta and YouTube of hooking her as a child and damaging her mental health. The Meta CEO, testifying before

CNN By Brian Stelter, CNN (CNN) — Stephen Colbert taped a “Late Show” interview with James Talarico, a candidate in the Democratic Senate primary in Texas. But he says CBS lawyers intervened before the interview could air on TV. “We were told in no uncertain terms by our network’s lawyers, who called us directly, that

By Bryan Mena, John Towfighi, CNN New York (CNN) — Advances in AI are unlikely to push down interest rates in the short term, a key Federal Reserve official said Tuesday — a stark contrast to Fed Chair nominee Kevin Warsh’s plan for slashing borrowing costs. “I expect that the AI boom is unlikely to

By Brian Stelter, CNN (CNN) — Stephen Colbert taped a “Late Show” interview with James Talarico, a candidate in the Democratic Senate primary in Texas. But he says CBS lawyers intervened before the interview could air on TV. “We were told in no uncertain terms by our network’s lawyers, who called us directly, that we

By Gordon Ebanks, CNN (CNN) — As state legislatures around the country meet to solidify their budgets for the year ahead, the effects of the One Big Beautiful Bill Act and an uncertain economic future are pushing states to take a hard look at their finances. Fourteen states are facing budget deficits for the next

By Brian Stelter, CNN (CNN) — Warner Bros. Discovery wants to hear Paramount’s “best and final proposal” for the media company, and is opening a brief window for discussions about a bid, while also moving forward with its Netflix merger and urging shareholders to reject Paramount’s current hostile bid. If that sounds convoluted, that’s because

By Hanna Ziady, CNN London (CNN) — The European Union’s data privacy watchdog has launched an investigation into Elon Musk’s X over sexualized images generated by the social media site’s AI chatbot, Grok. The move adds to mounting regulatory pressure on X, which is also facing probes in France and the United Kingdom after thousands

By Clare Duffy, CNN New York (CNN) — Joann Bogard stood in a Capitol Hill hearing room two years ago and watched Mark Zuckerberg apologize to grieving parents who traced the deaths of their children to the online world he helped create. Parents packed the hearing room, holding photos of the children they had lost.

By Hadas Gold, CNN (CNN) — Dr. Alice Chiao used to teach emergency medicine to students at Stanford University’s medical school. Now, she’s teaching artificial intelligence-powered chatbots to think, diagnose and prescribe like her. Chiao is part of a booming new economy of professional experts in their fields who are training AI through a process

By Ramishah Maruf, CNN (CNN) — Billionaire Tom Pritzker announced on Monday he was retiring as executive chairman of Hyatt Hotels after his association with convicted sex offender Jeffrey Epstein was revealed in the latest release of files by the US Justice Department. Pritzker, who has been executive chairman since 2004, also said he won’t

By Hanna Ziady, CNN London (CNN) — AI chatbot providers, including ChatGPT and Grok, are facing a crackdown on illegal content in the United Kingdom, as the government promises swift action to make the internet safer for children. “Today we are closing loopholes that put children at risk, and laying the groundwork for further action,”

By John Towfighi, CNN (CNN) — When Howard Silverblatt first started working on Wall Street, the S&P 500 was at 99.77 points. The week before he retired, the benchmark index was up by 70 times that, to 7,000. That’s an eye-popping increase — but maybe not surprising, considering Silverblatt started his career on May 17,

By John Towfighi, CNN New York (CNN) — A sell-off rippled through software, real estate and trucking stocks this past week as investors worried artificial intelligence could upend some industries — and analysts say the white-knuckle drops might not be over yet. Software stocks bore the initial brunt of AI disruption nerves. But those fears

By Jeanne Sahadi, CNN (CNN) — More than 50 million US private-sector employees don’t have access to a workplace retirement savings plan like a 401(k). But a growing number of states are now requiring most private-sector employers to provide what are known as “auto IRAs” if they don’t already offer a workplace plan. Each employee

By Christian Edwards, CNN (CNN) — Hungary is buying Russian oil despite alternative supplies being available, according to a report that accuses Budapest of failing to pass down to consumers the savings it makes from buying cheap Russian fuels. Instead, the savings become profits for Hungary’s largest oil company, which is part-owned by foundations linked to Prime Minister Viktor Orbán, according to the report from the Center for the Study of Democracy (CSD), a European-based public policy