Money

By Ramishah Maruf, CNN New York (CNN) — Betting big on memestocks could pay off, at least for GameStop CEO Ryan Cohen. But a potentially huge payout hinges on a massive turnaround for the volatile video game retailer. Cohen could receive a pay package worth $35 billion in performance-based stock options, the company’s board announced

By Nathaniel Meyersohn, CNN New York (CNN) — President Donald Trump said Wednesday that he intends to ban large institutional investors from buying additional single-family homes. “I am immediately taking steps to ban large institutional investors from buying more single-family homes, and I will be calling on Congress to codify it. People live in homes,

By Alicia Wallace, CNN (CNN) — Finding a job continued to be a slog at the end of the year, new data shows: US businesses sought out fewer workers in November and hiring rates wilted even further. The number of estimated job openings – a closely watched indicator of labor demand – fell to its

By Brian Stelter, David Goldman, CNN (CNN) — Once again, Warner Bros. Discovery has chosen Netflix as its preferred suitor over Paramount. On Wednesday, the WBD board advised shareholders that last month’s revised offer from Paramount is still not as appealing as the existing agreement with Netflix — even though Paramount said it had addressed

CNN, POOL, @REALDONALDTRUMP , TRUTH SOCIAL, @realDonaldTrump / Truth Social By Kit Maher, Kaitlan Collins, David Goldman, CNN (CNN) — President Donald Trump said Tuesday night that Venezuela will turn over 30 million to 50 million barrels of oil to the United States, to be sold at market value and with the proceeds controlled by

By Kit Maher, Kaitlan Collins, David Goldman, CNN (CNN) — President Donald Trump said Tuesday night that Venezuela will turn over 30 million to 50 million barrels of oil to the United States, to be sold at market value and with the proceeds controlled by the US. Interim authorities in Venezuela will turn over “sanctioned

By John Liu, CNN Hong Kong (CNN) — China has banned exports of some rare earth elements and other items to Japan that could be used for military purposes, straining already tense relations between the two countries following the Japanese prime minister’s recent remarks on Taiwan. The sweeping restrictions on so-called dual-use items – goods,

By Lisa Eadicicco, CNN Las Vegas (CNN) — Nvidia just provided a closer look at its new computing platform for AI data centers, Vera Rubin, a release that could have major ramifications for the future of AI given the industry’s massive reliance on the company’s tech. Nvidia previously announced some details about Vera Rubin but

By Lisa Eadicicco, CNN Las Vegas, NV (CNN) — For years, sci-fi shows have depicted futuristic computers with shapeshifting screens that can fold or expand depending on the situation. Now, Samsung is banking on that concept to try to steer the future of smartphones. The new Samsung Galaxy Z Trifold folds in two places —

By Brian Stelter, CNN (CNN) — While describing the US military operation in Venezuela on Saturday, President Trump referenced a two-word title for his determination to dominate the Western Hemisphere. “They now call it the ‘Donroe Doctrine,’” Trump said, crediting unnamed others with the phrase. Like so many of Trump’s talking points, this one has

By Matt Egan, CNN New York (CNN) — The gas pump has emerged as a rare source of relief for Americans drowning in higher prices — and that positive trend is expected to continue in 2026, regardless of the uncertainty in Venezuela. Gas prices are projected to average just $2.97 a gallon nationally this year,

By John Towfighi, CNN (CNN) — US stocks had a stellar 2025, but global markets stole the show. A major index tracking stocks outside the US, the MSCI All Country World ex-USA, gained 29.2% in 2025, handily outpacing the S&P 500’s gain of 16.39%. The artificial intelligence boom has benefited markets in Asia, where tech

By David Goldman, CNN (CNN) — President Donald Trump on Saturday said the US would take control of Venezuela’s massive oil reserves and recruit American companies to invest billions of dollars to refurbish the country’s gutted oil industry. Venezuela is sitting on a massive 303 billion barrels worth of crude — about a fifth of

By Chris Isidore, John Liu, CNN (CNN) — In 2011, Tesla CEO Elon Musk dismissed Chinese electric vehicle maker BYD as a competitor. But some 14 years later, BYD beat the American EV pioneer at its own game. The Chinese car giant has overtaken Tesla as the world’s largest seller of EVs, according to 2025

By Elisabeth Buchwald, CNN (CNN) — The United States Commerce Department is poised to significantly reduce the tariffs set to take effect on over a dozen Italian pasta makers’ products later this year. Most products from the European Union are already subject to tariffs of at least 15%. The pasta-specific tariffs, initially proposed in October

By Nathaniel Meyersohn, CNN New York (CNN) — In New York City, the typical household spends more than half of its income on rent and 100,000 people sleep in homeless shelters every night. “This is what a full-blown affordability crisis looks like,” said Manhattan Borough President Mark Levine in a December report. Median rents in

By John Liu, CNN (CNN) — President Donald Trump has delayed new tariff increases on upholstered furniture, kitchen cabinets, and vanities for a year, pushing their implementation to 2027, according to a White House statement. Trump signed a proclamation hours before the end of 2025, postponing the tariff hikes on these items, which were originally

By John Towfighi, CNN New York (CNN) — The S&P 500 just completed a three-peat of double-digit gains. Will 2026 be a four-peat? After three years of stellar gains, Wall Street widely expects the good times to keep rolling in 2026 — but with varied views on how much stocks will rally. Wall Street forecasts

By John Towfighi, CNN New York (CNN) — The US stock market just achieved something so rare that it’s only happened six times since the 1940s: three consecutive years of double-digit gains. The S&P 500 rose 16.39% this year, after rising 23% in 2024 and 24% in 2023. That gain comes despite concerns about tariffs,