Money

By Brian Stelter, CNN (CNN) — Paramount emerged as the victor in the months-long battle for Warner Bros. Discovery after Netflix backed out of the bidding war Thursday, leaving Paramount poised to acquire Warner’s vast media empire, including CNN. Netflix said it has “declined to raise its offer for Warner Bros.” after the Warner Bros.

By Jordan Valinsky, CNN New York (CNN) — Papa Johns is the latest pizza chain to close hundreds of locations following a tough quarter as customers pull back on spending. The company revealed during Thursday’s earnings call that approximately 300 underperforming restaurants in North America will close by the end of 2027, with about 200

By Samantha Delouya, CNN (CNN) — US mortgage rates dropped below 6% this week, cracking a key threshold after years of punishing borrowing costs that sidelined millions of would-be buyers. On Thursday, the average 30-year fixed mortgage rate fell to 5.98% for the first time since 2022, according to Freddie Mac. Homeowners who secured rock-bottom

By Hanna Ziady, CNN London (CNN) — A month ago, Børge Brende interviewed US President Donald Trump following his address to government and business leaders in Davos, Switzerland. On Thursday, the president and CEO of the World Economic Forum, which organizes the annual gathering in the Swiss alps, announced he was stepping down following an

By Lisa Eadicicco, David Goldman, CNN (CNN) — Anthropic has reached a familiar crossroads for a growing tech company: how to scale without compromising the principles that set it apart. The AI company has made safety its guiding principle. It advocated for AI regulation and called for worker protections as AI replaces some human tasks.

By Vanessa Yurkevich, CNN New York (CNN) — Burger King, home of the Whopper, is making the first changes to its best-selling menu item in nearly 10 years after consumers complained. The Whopper will replace its soft bun with a more premium one, use a new creamier mayonnaise and be served in a box instead

By Jeanne Sahadi, CNN (CNN) — President Donald Trump in his State of the Union address Tuesday briefly mentioned his intention to help private-sector workers save for retirement if they don’t have access to an employer-sponsored plan. “Half of all of working Americans still do not have access to a retirement plan with matching contributions

By Lisa Eadicicco, CNN (CNN) — Artificial intelligence is starting to change the way people work, find information and even form social relationships. Yet very little has changed about the devices people often use to access AI: smartphones. Samsung wants to change that with its Galaxy S26, a new series of smartphones announced Wednesday. The

By Matt Egan, CNN (CNN) — Economist and former Treasury Secretary Larry Summers announced plans on Wednesday to retire from his professorship at Harvard University at the end of the academic year amid scrutiny over his ties to convicted sex offender Jeffrey Epstein. In a statement, Summers described the retirement as a “difficult decision” and

By Clare Duffy, Lisa Eadicicco, CNN (CNN) — Anthropic, a company founded by OpenAI exiles worried about the dangers of AI, is loosening its core safety principle in response to competition. Instead of self-imposed guardrails constraining its development of AI models, Anthropic is adopting a nonbinding safety framework that it says can and will change.

By Samantha Delouya, CNN (CNN) — Roofers are turning down jobs. Painters are locking themselves inside the homes they’re finishing. Concrete crews have monthslong waiting lists. In the Twin Cities and surrounding suburbs, the Trump administration’s immigration crackdown has slowed home construction to a crawl – at a time when Minnesota, like much of the

By Brian Stelter, Jordan Valinsky, CNN New York (CNN) — Paramount has officially raised its offer for Warner Bros. Discovery, CNN’s parent company, to $31 per share, and now the WBD board says it is extending the window for talks with Paramount about a possible deal. In addition to the higher price per share, Paramount

By Matt Egan, Priscilla Alvarez, CNN (CNN) — The Trump administration is weighing a new requirement for US banks to verify citizenship information of current and future customers as part of the president’s aggressive immigration crackdown, sources told CNN. The potential action, which one source said could take the form of an executive order, has

By Chris Isidore, CNN (CNN) — Spirit Airlines, which had been in danger of going out of business due to ongoing losses and two bankruptcy filings, has reached a deal that will allow it to survive, albeit as a smaller company. The budget airline announced Tuesday that it made an agreement with creditors that will

By Matt Egan, CNN New York (CNN) — Former US Senator Bob Kerrey has resigned from the board of directors of a Nebraska clean-energy startup amid controversy over his ties to convicted sex offender Jeffrey Epstein. Kerrey, a Democrat who also served as Nebraska’s governor in the 1980s, joins a growing list of business leaders

By Hadas Gold, CNN New York (CNN) — Just weeks after its new AI tools for the office shook software stocks, Anthropic is pushing even deeper into the workplace. The company is updating its Claude AI helper to perform better at tasks for specific jobs, such as design, human resources and wealth management roles, while

By Chris Isidore, CNN (CNN) — JPMorgan Chase CEO Jamie Dimon warned Monday that current financial conditions and banks doing “dumb things” like taking on risky loans could lead to a market meltdown similar to the one before the 2008 financial crisis. “There will be a cycle one day,” he said, “I don’t know what

By Jeanne Sahadi, CNN (CNN) — The surge of federal immigration agents in Minnesota over the past few months left many people not only traumatized but financially hard up. People lost income because they were too afraid to go to work or their breadwinner was taken by agents of US Immigration and Customs Enforcement or

By Elisabeth Buchwald, CNN (CNN) — The government is on the hook to refund $134 billion – and counting – worth of tariff revenue collected from President Donald Trump’s most sweeping tariffs, which were rendered illegal by the Supreme Court last week. How much of that will consumers, who paid for steep tariffs via higher

By John Liu, CNN (CNN) — United States artificial intelligence firm Anthropic is accusing three prominent Chinese AI labs of illegally extracting capabilities from its Claude model to advance their own, claiming it raises national security concerns. The Chinese unicorns – DeepSeek, Minimax and Moonshot AI – created over 24,000 fraudulent accounts and trained their