Money

By Chris Isidore, Matt Egan, CNN (CNN) — JPMorgan Chase CEO Jamie Dimon limited his criticism of President Donald Trump in a question-and-answer session at Davos on Wednesday – with one notable exception. Trump’s plan for a 10% cap on credit card interest rates, Dimon said, “would be an economic disaster.” Speaking at the at

By Elisabeth Buchwald, Ana Nicolaci da Costa, CNN Strasbourg, France (CNN) — A key group of European Parliament members blocked a vote to ratify a US-European trade deal Wednesday after President Donald Trump threatened to take over Greenland and charge as much as an additional 35% tariff on countries opposed to his ambitions. Then, hours

By Lauren Said-Moorhouse, Lauren Kent, CNN London (CNN) — Prince Harry struggled to hold back his emotions as he wrapped up his evidence at a London court on Wednesday, as part of his lawsuit against the publisher of the Daily Mail over allegations of unlawful information gathering, saying “they have made my wife’s life an

By Jack Guy, CNN (CNN) — Michael O’Leary, CEO of Europe’s biggest airline, Ryanair, says his ongoing feud with tech billionaire Elon Musk has boosted the budget carrier’s ticket sales. “It is very good for our bookings,” O’Leary said at a news conference in Dublin on Wednesday, highlighting the fact that the company has been

By Elisabeth Buchwald, CNN (CNN) — If your next Amazon order seems more expensive, President Donald Trump’s sweeping tariffs may be partially to blame, Amazon CEO Andy Jassy said Tuesday. Like many retailers, Amazon and its vast network of third-party sellers loaded up on inventory ahead of Trump’s tariff rollout last spring. But that supply

By Brian Stelter, CNN (CNN) — In an ongoing struggle over the future of Warner Bros. Discovery, Netflix says it is now prepared to pay all cash for Warner Bros. and HBO, rather than a mix of cash and stock. Netflix and Warner Bros. Discovery, WBD for short, announced the amended plan on Tuesday morning,

By John Towfighi, CNN New York (CNN) — Investors revived the “Sell America” trade Tuesday and sold off US stocks, bonds and the dollar amid concerns about President Donald Trump’s clash with European leaders over ownership of Greenland. The Dow closed lower by 871 points, or 1.76%. The broader S&P 500 fell 2.06%. The tech-heavy

By Tami Luhby, CNN (CNN) — The richest people on the planet are far more likely to be in power politically than everyone else, Oxfam’s annual inequality report found. Some 74 of the world’s 2,027 billionaires held either executive or legislative government positions in 2023, giving them a 3.6% chance of holding office, according to

By Auzinea Bacon, CNN (CNN) — Tech giants are in a heated race to build data centers and dominate the AI landscape. But America might not be ready for the energy demand. The country’s aging electrical grid could struggle to keep up with the surge in energy needs. And US households are largely footing the

By Auzinea Bacon, CNN (CNN) — President Donald Trump purchased up to $2 million in Netflix and Warner Bros. Discovery investments days after the announcement of a megadeal between the two media giants, among other purchases, according to a financial disclosure from the White House, renewing questions from ethics experts around potential conflicts of interest.

By Clare Duffy, CNN New York (CNN) — ChatGPT may soon serve up ads for products it thinks you’d like to buy. OpenAI announced on Friday that it will be testing ads in its free version for logged-in, adult US users. It’s also rolling out an $8-per-month “Go” subscription tier that includes some upgraded capabilities,

By Jordan Valinsky, CNN New York (CNN) — Dos Equis is reviving its famous “The Most Interesting Man” advertising campaign after a decade in an effort to turn around the beleaguered brand. Sales of the Heineken-owned Mexican lager dropped last year, mirroring a broader industry decline as drinkers consume less beer. Executives hope the once-popular

By Ramishah Maruf, Kit Maher, CNN (CNN) — The Trump administration and a consortium of governors from northeastern states are asking PJM, the country’s largest electrical grid operator, to hold an emergency power auction as part of an effort to make technology giants pay for surging power costs from new data centers. In the auction,

By Jeanne Sahadi, CNN (CNN) — A background check can sink a job offer if prospective employers don’t like what they see. While they can request to have a lot of information about a job candidate’s past included in such a report, increasingly they are no longer allowed to request people’s credit history. New York

By John Towfighi, CNN New York (CNN) — President Donald Trump’s proposal for a one-year 10% cap on credit card interest rates has struck a chord in debates about affordability — and set up a potential clash with Wall Street. A rate cap could offer short-term relief, though it’s unclear if it would meaningfully address

By Auzinea Bacon, CNN (CNN) — In 2024, US buyers had a choice of three cars priced under $20,000. Now, there are none. Data on car-buying costs released Monday show how much the loss of cheaper models can hurt customers: New car buyers paid $50,326 on average in December, a record high, according to estimates

By Brian Stelter, CNN (CNN) — The Trump administration is exerting political pressure on Stars & Stripes, the independent military newspaper that informs US servicemembers worldwide. Pentagon spokesman Sean Parnell announced Thursday that the Department of Defense will “modernize” the outlet and “refocus its content away from woke distractions that syphon morale, and adapt it

By Samantha Delouya, Hadas Gold, CNN (CNN) — Ashley St. Clair, the mother of one of Elon Musk’s children, sued Musk’s xAI on Wednesday, alleging that the company’s AI chatbot Grok generated sexually explicit deepfake images of her without her consent. “xAI’s product Grok, a generative artificial intelligence (‘AI’) chatbot, uses AI to undress, humiliate,

By Chris Isidore, Adam Cancryn, CNN (CNN) — Hundreds of millions of dollars that the United States is raising from the sale of Venezuelan oil is being sequestered in Qatar. It’s an indirect path that could speed the flow of much-needed money to Venezuela, but it also raises questions about the transparency surrounding those funds.