Money

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

By Chris Isidore, Jackie Wattles, CNN (CNN) — Elon Musk, already the world’s richest man, could soon be much richer. Bloomberg reports he’s planning one of the largest initial public offerings in history for SpaceX. Musk’s space company plans to raise $30 billion next year, Bloomberg reported, and an IPO could value the company at

By Jordan Valinsky, CNN New York (CNN) — Online grocery delivery service Instacart used AI to charge different prices for the same item, up to 20% more for different shoppers, a new report says. An investigation from Consumer Reports and Groundwork Collaborative revealed Tuesday that Instacart displayed different prices on the same household staples sold

By Elisabeth Buchwald, CNN (CNN) — Paramount and Netflix are in a vicious tug-of-war over Warner Bros. Discovery. On one side of the rope: the suitor WBD’s board signed off on, Netflix, which announced a $72 billion deal last week. On the other side, the suitor the board turned down, Paramount, which is resorting to

By Hadas Gold, CNN (CNN) — A new pro-AI network of political action committees is releasing its first candidate ads in the 2026 midterms, as the debate around artificial intelligence ramps up ahead of the elections. The ads from Leading the Future, a pro-AI bipartisan network of associated PACs, focus on congressional races in Texas

By Matt Egan, CNN New York (CNN) — A new problem is threatening to worsen the affordability squeeze this winter: Natural gas prices have raced back up just as extreme cold forces Americans to crank up the heat. President Donald Trump has said he’s focused on lowering energy prices. And the most visible energy price

CNN By Matt Egan, CNN New York (CNN) — A new problem is threatening to worsen the affordability squeeze this winter: Natural gas prices have raced back up just as extreme cold forces Americans to crank up the heat. President Donald Trump has said he’s focused on lowering energy prices. And the most visible energy

By Clare Duffy, CNN New York (CNN) — A world-first ban on major social media platforms for children under the age of 16 goes into effect in Australia on Wednesday. And regulators, parents and teenagers around the globe are watching closely to see how it plays out. The law comes after years of concerns that