Money

By Chris Isidore, CNN (CNN) — Elon Musk just spent $1 billion of his own money to buy additional shares Tesla, giving the previously battered stock the vote of confidence needed to complete a comeback and turn positive for the year. The purchase, made Friday and disclosed in a filing Monday, represents a rare action

By Christopher Lamb, CNN (CNN) — Pope Leo XIV has criticized how the salaries of chief executives dwarf those of their employees, singling out Tesla’s trillion-dollar compensation package for Elon Musk. Leo, speaking during his first sit-down media interview, cited income inequality as one of the factors behind polarization in society. “CEOs that 60 years

WLS By Christopher Lamb, CNN (CNN) — Pope Leo XIV has criticized how the salaries of chief executives dwarf those of their employees, singling out Tesla’s trillion-dollar compensation package for Elon Musk. Leo, speaking during his first sit-down media interview, cited income inequality as one of the factors behind polarization in society. “CEOs that 60

By Nectar Gan, David Goldman, CNN Hong Kong (CNN) — China significantly escalated its trade standoff with the United States Monday, saying that tech giant Nvidia, the most valuable company on the US stock market and a key provider of artificial-intelligence chips, had violated anti-monopoly laws. Chinese regulators’ announcement of the results of their preliminary

By Lisa Eadicicco, CNN New York (CNN) — Meta CEO Mark Zuckerberg made a bold claim on the social media giant’s earnings call in July. People without smart glasses may one day be at a “significant cognitive disadvantage” compared to those who do use the tech, he told analysts. That vision for the company’s future

By Lex Harvey and Svitlana Vlasova, CNN (CNN) — A brief global outage of Elon Musk’s satellite internet service Starlink on Monday affected tens of thousands of people, including Ukrainian military forces across the entire frontline. More than 37,000 US users were reporting issues with the internet service Monday at 12:30 a.m. ET, according to

By Brian Stelter, CNN (CNN) — After shocking many by saying mentally ill homeless people should be put to death, Fox News morning host Brian Kilmeade apologized on Sunday for what he called an “extremely callous remark.” Kilmeade’s mea culpa came one day after his original comment — “just kill ‘em” — went viral across

By Auzinea Bacon, CNN (CNN) — The Trump administration on Sunday renewed its request to a federal appeals court to fire Lisa Cook, a Federal Reserve governor who has faced political scrutiny in recent weeks. The move comes ahead of the independent central bank’s vote on interest rates this week. President Donald Trump has repeatedly

By Auzinea Bacon, CNN (CNN) — “Demon Slayer: Kimetsu no Yaiba – the Movie Infinity Castle” shattered the record for biggest opening weekend domestic gross for an anime movie, hauling in an estimated $70 million. “Demon Slayer: Infinity Castle,” which is distributed in North America by Sony Pictures Entertainment-owned Crunchyroll, raked in $33 million on

By John Towfighi, CNN New York (CNN) — While the stock market hovers near record highs, a shift in the bond market is signaling mounting concerns about the economy’s health. A bevy of data this month showed the labor market is on shakier ground than previously thought. That spurred a rally in bonds as investors

By Reuters (CNN) — A loan estimate for an Atlanta home purchased by Lisa Cook, the Federal Reserve governor accused of mortgage fraud by the Trump administration, shows that Cook had declared the property as a “vacation home,” according to a document reviewed by Reuters. The document, dated May 28, 2021, was issued to Cook

By Ramishah Maruf, CNN New York (CNN) — Dozens of social media posts and messages about the murder of Charlie Kirk, including some that celebrated his death, are being spotlighted by conservative activists, Republican elected officials and a doxxing website as part of an online campaign to punish the posters behind the messages. Prominent far-right

By Brian Stelter, CNN (CNN) — Charlie Kirk’s widow and many of his fans have predicted that Wednesday’s assassination will make his voice even more powerful posthumously. Social media statistics indicate that they’re right. Kirk’s accounts across the internet have gained millions of followers in the three days since his death, according to data compiled

By Nathaniel Meyersohn, CNN New York (CNN) — It’s been a nightmare few weeks for Cracker Barrel, taking a drubbing from random social media accounts all the way up to the White House over a fairly typical logo rebrand. But despite the fallout, the old-timey chain still has a chance to make a comeback. Cracker

By Auzinea Bacon, CNN (CNN) — Facebook users who filed a claim in parent company Meta’s $725 million settlement related to the Cambridge Analytica scandal may soon get a payment. It’s been over two years since Facebook users were able to file claims in Meta’s December 2022 settlement. The class-action lawsuit began after the social

By Tami Luhby, CNN (CNN) — President Donald Trump wants drugmakers to lower their prices in the US — so he’ll push them to raise prices in other countries to offset the hit to their bottom line, Commerce Secretary Howard Lutnick said Friday. “The president’s going to say that you drug manufacturers cannot sell here

By Jordan Valinsky, CNN New York (CNN) — Swatch, the Swiss watchmaker, is trolling the 39% tariffs that the United States placed on its home country by selling a watch that flips the location of the 3 and 9 numerals. The tongue-in-cheek new watch — dubbed “WHAT IF … TARIFFS?” — is inspired by the

By Elisabeth Buchwald, CNN (CNN) — American consumers are downbeat about the economy, according to preliminary results of a monthly survey conducted by the University of Michigan. The index measuring consumer sentiment fell unexpectedly this month to 55.4 from 58.2 in August as inflation is on the rise and job prospects are worsening. September’s reading

By Jordan Valinsky, CNN New York (CNN) — Coffee drinkers are in for a jolt long before their first sip. Retail coffee prices in the United States in August jumped nearly 21% compared to the same month last year — the largest annual jump since October 1997, according to the latest Consumer Price Index, released

By Jeanne Sahadi, CNN (CNN) — An executive order signed last month by President Donald Trump aims to make it easier for workplace retirement plans like 401(k)s to offer investments in alternative assets, like private equity and private credit. Supporters of the idea believe it would “democratize” access to investments that largely have been available