Money

By Eryn Mathewson, CNN (CNN) — The cost of child care nearly doubled Emily Wildau’s mortgage. Then last month, New Mexico launched universal child care. The free child care saves Wildau, a mother to an 11-month-old son in Albuquerque, about $21,000 a year, allowing financial breathing room that her family had never imagined before. “We

By Jordan Valinsky, CNN New York (CNN) — Target hopes that a recapturing of its cultural cachet will spark a turnaround for its business. It’s turning to a fashion-forward New York neighborhood to get started. The chain unveiled its first-ever concept store in SoHo this week, adorned with stylish apparel, designer collaborations, and beauty products

By Toni Odejimi, CNN (CNN) — The Powerball jackpot continues to grow, reaching an estimated $1.1 billion after there were no big winners in Saturday night’s drawing. The winning numbers Saturday were 1, 28, 31, 57, 58, with a Powerball of 16. While there were no big winners, two tickets – sold in North Carolina

By Chris Isidore, CNN (CNN) — Whether or not anyone wins the billion-dollar Powerball jackpot on Saturday, at least one of the losers might already be known: Mega Millions. Powerball tickets, priced at $2 apiece, are selling briskly, as lottery tickets tend to do around ten-figured advertised prizes. In contrast, the next Mega Millions jackpot

By John Towfighi, CNN (CNN) — President Donald Trump on Thursday ordered a review of two major proxy advisory firms — companies that advise shareholders on votes — that had previously drawn the ire of Tesla CEO Elon Musk and others in Corporate America. The executive order singles out the two biggest players in the

By Jeanne Sahadi, CNN (CNN) — Despite your best intentions, it can be difficult to get everyone in your circle a perfect – or at least personal – gift. So you turn to Plan B: gift cards. Easy to get. Easy to use. Usually welcome. But, given how prevalent financial scams are these days –

By Chris Isidore, Tami Luhby, CNN (CNN) — A group of House Republicans handed President Donald Trump a rare rebuke on Thursday, voting to restore collective bargaining rights he had stripped from about 1 million federal workers earlier this year. But the legislation still faces significant hurdles before it can become law and aid the

By Chris Isidore, CNN (CNN) — The next signs of the nation’s political divide might be jingling in your pocket next year. The administration plans to issue a $1 coin with President Donald Trump’s likeness on it next year, despite a century-old precedent of not honoring sitting, or even living former, presidents on coins. Instead

By Toni Odejimi, CNN (CNN) — Wednesday night’s Powerball drawing went without a jackpot winner, pushing the top prize to an estimated $1 billion for Saturday. It’s the second largest of this year, lagging only the $1.787 billion Powerball jackpot in September, claimed by two winners in Missouri and Texas. If it seems like jackpots

Story by Associated Press New York (AP) — Onetime cryptocurrency mogul Do Kwon was sentenced Thursday to 15 years in prison after a $40 billion crash revealed his crypto ecosystem to be a fraud. Victims said the 34-year-old financial technology whiz weaponized their trust to convince them that the investment — secretly propped up by

By Lianne Kolirin, CNN (CNN) — There is certainly some irony in one of the questions most commonly posed to Alexa this year: “What does AI mean?” Amazon’s Artificial Intelligence (AI) assistant has become a regular feature in 21st century homes, used for tasks such as playing music, setting recipe timers and forecasting the weather.

By Hadas Gold, CNN (CNN) — Disney is taking a $1 billion equity stake in OpenAI, while also striking a deal that would allow its famous characters be used on Sora, the AI company’s video generation platform. Disney’s investment in OpenAI is the first such major licensing agreement for Sora. Under the agreement, users of

By Jordan Valinsky, CNN New York (CNN) — Time has announced that the “architects of AI” are its Person of the Year. Certainly, AI is wrapping up an extraordinary year, and many AI business executives have become household names. But Time’s big annual event came on a lousy day for the industry. Oracle (ORCL) shares

By Clare Duffy, CNN New York (CNN) — AI-generated videos showing what appear to be underage girls in sexualized clothing or positions have together racked up millions of likes on TikTok, even though the platform’s rules prohibit such content, according to new research from an online safety non-profit. Researchers found more than a dozen accounts

By Chris Isidore, CNN (CNN) — President Donald Trump is blaming his predecessor, Joe Biden, for the affordability concerns that are roiling the US economy – and politics. Many voters, meanwhile, are blaming Trump for their financial woes. Both sides might be wrong. Biden and Trump both made policy decisions that affected consumer costs, such

By Ana Nicolaci da Costa, Olesya Dmitracova, CNN London (CNN) — Shortly after beginning his second term in January, US President Donald Trump launched a chaotic trade war, raising tariffs on scores of countries, then changing some and agreeing to a number of tentative trade deals. The average US import tax is now at its

By Brian Stelter, CNN (CNN) — President Donald Trump inserted himself directly into the battle for control of Warner Bros. Discovery on Wednesday, saying, “It’s imperative that CNN be sold,” while deriding the network’s news coverage. Trump’s comments during a White House roundtable indicated that he favors Paramount’s hostile takeover bid for Warner Bros. Discovery,

By Jeanne Sahadi, CNN (CNN) — Thanks to its latest decision on Wednesday – its final one for 2025 – the Federal Reserve has now reduced its key overnight lending rate by 1.75 percentage points since it began its rate-cutting cycle in September 2024. Since the Fed funds rate affects a ton of consumer lending