Money

By Lisa Eadicicco, David Goldman, CNN (CNN) — A massive AWS outage Monday that brought down some of the world’s most popular apps and services all started with a glitch. The bug – which occurred when two automated systems were trying to update the same data simultaneously – snowballed into something significantly more serious that

By John Towfighi, CNN New York (CNN) — Better-than-expected inflation data Friday morning sparked an end-of-week rally in stocks, sending the Dow, S&P 500 and tech-heavy Nasdaq Composite soaring to fresh record highs. The Dow gained 473 points, or 1.01%, and closed at 47,207.12. The blue-chip index closed above 47,000 for the first time ever.

By Alicia Wallace, CNN (CNN) — Here’s a rundown of what got more expensive in September’s Consumer Price Index report — as well as a couple of key areas where consumers are seeing relief. But first, a caveat: Monthly data can be quite volatile — and that could be even more volatile amid federal cuts

CNN By David Goldman, CNN New York (CNN) — President Donald Trump has canceled trade negotiations with Canada over what he called a “fake” ad that featured parts of an anti-tariff speech delivered by conservative hero and former President Ronald Reagan. The Ronald Reagan Presidential Foundation & Institute also said the ad misrepresented the former

By David Goldman, CNN New York (CNN) — President Donald Trump has canceled trade negotiations with Canada over what he called a “fake” ad that featured parts of an anti-tariff speech delivered by conservative hero and former President Ronald Reagan. The Ronald Reagan Presidential Foundation & Institute also said the ad misrepresented the former president’s

By John Liu, CNN Hong Kong (CNN) — US and Chinese officials are set to convene another round of trade negotiations in Malaysia this weekend, as the two rival powers seek to salvage fragile relations ahead of a highly anticipated meeting between President Donald Trump and Chinese leader Xi Jinping. Delegations led by US Treasury

By Nathaniel Meyersohn, CNN New York (CNN) — Target will lay off 1,000 corporate employees and close 800 open roles — affecting roughly 8% of its global corporate workforce — the company said Thursday. The layoffs and changes “set the course for our company to be stronger, faster and better positioned” for the future, incoming

By Clare Duffy, CNN New York (CNN) — Popular artificial intelligence chatbots like ChatGPT and Meta AI are increasingly blurring the line between real-world and digital relationships by allowing romantic and sometimes sexual conversations — while scrambling to make sure children aren’t accessing that adult content. But Microsoft wants no part of that, the company’s

By Samantha Delouya, CNN (CNN) — Americans frustrated by high home borrowing rates may have gotten some welcome news this week. The average 30-year fixed mortgage rate dropped to 6.19% for the week ending October 23, down from 6.27% last week, according to Freddie Mac data released Thursday. After years of sluggish activity, sidelined homebuyers

By Chris Isidore, CNN (CNN) — Elon Musk says he needs to build his stake in Tesla so much that he could become the world’s first trillionaire. But this week he said his aim wasn’t to increase his planet-leading wealth. Instead, Musk said the biggest pay package in history was necessary to protect his company.

By Samantha Delouya, CNN (CNN) — President Donald Trump said this week he “loved” America’s cattle ranchers. But those farmers, who overwhelmingly supported the president in the 2024 election, say they aren’t feeling the love right now. Trump is facing criticism from many US cattle ranchers after signaling support for increasing low-tariff beef imports from

By Hadas Gold, CNN (CNN) — The email that said the career resource program for women would no longer be part of Google was terse and followed months of eroding support. But the deletion of years of Women Techmakers’ work came as a significant shock to its members. “Everything that I ever hosted and facilitated

By Alicia Wallace, CNN (CNN) — Nearly two dozen days have passed since a federal agency has published an economic report. The US government’s shutdown has resulted in a blackout of critical data, further clouding an already opaque economic outlook. That will change – albeit briefly – Friday morning, when the Bureau of Labor Statistics

By Vanessa Yurkevich, CNN New York (CNN) — General Motors, the 100-year-old car company that has struggled with its expensive modernization efforts, plans to offer Americans hands-free driving and the freedom to watch a movie on the go. The company unveiled new “eyes-off” driving technology that will be available starting in 2028, part of a

By Ana Nicolaci da Costa, CNN London (CNN) — Cuts to social protection for people living in poverty have created “fertile ground” for far-right movements around the world, according to a United Nations report. Popular support for the far right has grown globally in recent years. In Europe, Giorgia Meloni became Italy’s most far-right leader

By Tami Luhby, CNN (CNN) — Weight loss drugs are proving to be super popular among many workers with job-based health insurance. But GLP-1 medications are busting their employers’ budgets, leading some firms to rethink their coverage. The share of very large firms covering these drugs for obesity soared to 43% this year, up from