Money

By Ramishah Maruf, Elisabeth Buchwald, CNN (CNN) — President Donald Trump said Thursday he had ordered “my representatives” to buy $200 billion in mortgage bonds in an attempt to drive down interest rates and monthly payments, writing in a Truth Social post. Fannie Mae and Freddie Mac, two government-owned mortgage giants, are now worth “an

By Chris Isidore, CNN (CNN) — General Motors on Thursday said it will lose another $6 billion as a result of its decision to pull back on electric cars. It comes on top of a $1.6 billion charge it disclosed in October for changes to its EV plans. It’s another sign of the significant cost

By Brian Stelter, CNN (CNN) — Paramount is not raising its bid for Warner Bros. Discovery above $30 per share — at least not yet. On Thursday, Paramount responded to WBD’s latest rejection letter by repeating its view that shareholders should support its hostile takeover bid. “Paramount’s offer is superior to WBD’s existing agreement with

By Alicia Wallace, CNN (CNN) — Americans are feeling increasingly hopeless about their employment prospects, new survey data showed Thursday. The probability of finding a job hit a record low of 43.1% in December, according to the Federal Reserve Bank of New York’s latest Survey of Consumer Expectations, a closely watched survey that has been

By Lisa Eadicicco, CNN Las Vegas, NV (CNN) — Intel, fresh off a historic investment from the Trump administration, has a plan to radically reshape the company’s strategy. And if you think it involves AI… You’re right. Once the dominant player in chips, Intel has struggled to keep pace with rivals over the past decade,

By Hadas Gold, CNN (CNN) — Elon Musk’s AI chatbot, Grok, has been flooded with sexual images of mainly women, many of them real people. Users have prompted the chatbot to to “digitally undress” those people and sometimes place them in suggestive poses. In several cases last week, some appeared to be images of minors, leading

By Clare Duffy, CNN New York (CNN) — Character.AI has agreed to settle multiple lawsuits alleging the artificial intelligence chatbot maker contributed to mental health crises and suicides among young people, including a case brought by Florida mother Megan Garcia. The settlement marks the resolution to some of the first and most high-profile lawsuits related

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,