Money

By Bryan Mena, CNN Washington (CNN) — A top official at the Federal Reserve on Thursday reiterated his call for an interest rate cut later this month, despite data showing ongoing resilience in the US economy and other central bankers pushing to keep rates steady. Fed Governor Christopher Waller, at a New York event, said

CNN By Brian Stelter, CNN (CNN) — From the outside, the idea made no sense at all. Why would a broadcast network cancel one of its best-known shows that ranks number one in its time slot? But on the inside, at CBS, there were several plausible answers to that question. While “The Late Show” host

By Brian Stelter and Dan Heching, CNN (CNN) — In a shocking move, CBS is ending “The Late Show with Stephen Colbert” next year, and apparently exiting the late-night television business altogether. The network, citing financial pressures, said the cancellation will take effect in May 2026, the normal end of the broadcast TV season. The

By Ramishah Maruf, CNN New York (CNN) — Water beads have long been criticized for being dangerous, even fatal, for kids. Now two members of a government watchdog are tearing into a decision by the acting chair of the body to delay a final ruling on the toys. For years, the Consumer Product Safety Commission,

By Bryan Mena, Lucy Bayly and Samantha Delouya, CNN (CNN) — Federal Reserve Chair Jerome Powell responded by letter Thursday to a senior Trump administration official who accused the head of the central bank of mismanaging an “ostentatious overhaul” of its Washington, DC, headquarters. Russell Vought, director of the Office of Management and Budget, suggested

By Lisa Eadicicco, CNN (CNN) — OpenAI on Thursday announced a new feature for ChatGPT that allows the popular chatbot to execute actions on a user’s behalf. It’s part of an industry-wide push to change the way people get things done on the Internet: Tech giants hope that instead of bouncing between apps and manually

By Andrew Kaczynski and Brian Stelter, CNN (CNN) — A top oversight Democrat sent a letter on Thursday to Fox Corp chairman Lachlan Murdoch and Fox News Media CEO Suzanne Scott demanding answers about Fox’s editing of a Donald Trump interview from June 2024 concerning Jeffrey Epstein — an edit they say both misled the

Story by Reuters (Reuters) — Mark Zuckerberg and current and former directors and officers of Meta Platforms agreed on Thursday to settle claims seeking $8 billion for the damage they allegedly caused the company by allowing repeated violations of Facebook users’ privacy, a lawyer for the shareholders told a Delaware judge on Thursday. The parties

By Bryan Mena, CNN Washington (CNN) — Americans are still opening their wallets, even as President Donald Trump’s tariffs start to take a bite. Retail sales rose 0.6% in June from the prior month, the Commerce Department said Thursday, rebounding from the steep 0.9% decline in May. June’s number was much stronger than the 0.2%

By Brian Stelter, CNN (CNN) — Public television stations will be “forced to make hard decisions in the weeks and months ahead,” PBS CEO Paula Kerger said Thursday, after lawmakers advanced a bill that cancels all the federal funding for the network and for NPR. Radio and TV stations may need to lay off staffers

By John Towfighi, CNN New York (CNN) — Copper is at the core of the American economy. It’s in the wires of our pervasive electronics, in the walls of homes and in the engines of cars. Experts say President Donald Trump’s plan for tariffs on the red metal could stymy the goal of boosting American

By Samantha Delouya, CNN (CNN) — Joe Dalesandro didn’t expect to keep his mortgage rate at 6.99% for very long when he purchased a new home with his girlfriend last summer in Myrtle Beach, South Carolina. He’d refinance soon, he reasoned. He was wrong. “We always thought they would go down, and fairly quickly,” Dalesandro

By John Towfighi, CNN New York (CNN) — President Donald Trump’s signature tax and spending legislation is providing short-term clarity for Wall Street — but fueling concerns about the long-term health of the US economy, investors say. The “One Big Beautiful Bill,” which Trump signed into law on July 4, is a positive for investors

By John Liu, CNN Hong Kong (CNN) — China has put export restrictions on technologies critical for producing electric vehicle batteries, in a move to consolidate its dominance in the sector that has contributed to the country’s lead in the global EV race. Several technologies used to manufacture EV batteries and process lithium, a critical

By Betsy Klein, CNN (CNN) — President Donald Trump announced what could be refreshing news to some Americans on Wednesday: thanks to him, Coke is changing its American recipe. “I have been speaking to Coca-Cola about using REAL Cane Sugar in Coke in the United States, and they have agreed to do so. I’d like

Story by Reuters (Reuters) — Canadian retailer Alimentation Couche-Tard on Thursday pulled its $47 billion bid to buy Seven & i Holdings, citing a lack of constructive engagement by the Japanese retailer. The surprise move ends what could have been the largest foreign takeover of a Japanese company as Circle K operator Couche-Tard sought to

By Jordan Valinsky, CNN New York (CNN) — Diageo, the world’s biggest spirits maker, announced Wednesday that CEO Debra Crew is stepping down by “mutual agreement” after just two years in the role. The abrupt change comes amid sluggish sales across the alcohol industry, which has also affected Diageo brands Johnnie Walker whiskey, Casamigos tequila

By Alicia Wallace, CNN (CNN) — US wholesale inflation was muted in June, presenting what would seem to be a better-than-expected outcome amid President Donald Trump’s hefty tariffs on global trading partners. However, a steep drop-off in travel and other services camouflaged an increase in the cost of goods. The Producer Price Index, which measures

By Brian Stelter, CNN (CNN) — PBS and NPR stations are on the verge of losing the federal funding that has helped keep them on the air for decades. The Senate and the House have passed a rare measure called a “rescission,” which would claw back money that was already budgeted by Congress, including nearly

By Clare Duffy, CNN New York (CNN) — For Silicon Valley giants, getting ahead in the artificial intelligence race requires more than building the biggest, most capable models; they’re also competing to get third-party developers to build new applications based on their technology. Now, Meta is teaming up with Amazon’s cloud computing unit, Amazon Web