Money

By Clare Duffy, CNN New York (CNN) — Amazon chief executive Andy Jassy’s explanation for why the company is cutting 14,000 employees? Not money. Not even AI, but “culture.” The layoff announcement this week was “not really financially driven, and it’s not even really AI driven, not right now. It’s culture,” Jassy said in response

By Lisa Eadicicco, CNN (CNN) — Apple reported fourth-quarter earnings on Thursday that provided an early glimpse into how the iPhone 17 lineup may be catching on so far. Apple’s earnings for the quarter that ended in September met analysts’ expectations on revenue but slightly missed on iPhone sales. iPhone sales in the fourth quarter

By Liam Reilly, CNN (CNN) — The hosts of “The View” have said they want more conservatives to appear on the show. Next week, they’re getting one of the most outspoken: Rep. Marjorie Taylor Greene. The MAGA congresswoman from Georgia, long known for her fiery rhetoric and penchant for political brawling, will appear on the

By Ramishah Maruf, CNN (CNN) — The US trade deal with China seeks to resolve a major sticking point of their ongoing trade war: rare-earth minerals. Despite multiple rounds of talks with US trade negotiators over the past several months, China continued to slow-walk promises to the Trump administration that it would free up crucial

By Chris Isidore, CNN (CNN) — Boeing reported yet another massive quarterly loss Wednesday. It could still be an extremely good week to be Boeing. That’s because the US planemaker could finally get a huge order from Chinese airlines, a market that the company has been frozen out for nearly a decade. Boeing is reportedly

By Lisa Eadicicco, CNN (CNN) — Chatbot platform Character.AI will no longer allow teens to engage in back-and-forth conversations with its AI-generated characters, its parent company Character Technologies said on Wednesday. The move comes after a string of lawsuits alleged the app played a role in suicide and mental health issues among teens. The company

By Brian Stelter, CNN (CNN) — The new Paramount is laying off about 10% of its workforce, achieving some of the cost savings that CEO David Ellison promised investors when he took charge of the media company over the summer. Many divisions of Paramount Skydance will be impacted, from the iconic movie studio to CBS

By Clare Duffy, CNN New York (CNN) — Nvidia just became the world’s first $5 trillion company. Unprecedented demand for the company’s AI chips has propelled the company’s market valuation into the stratosphere. The milestone, which Nvidia reached at Wednesday’s open, comes just three months after the company crossed the $4 trillion mark. It took

By Chris Isidore, Norma Galeana, CNN Los Angeles (CNN) — Vancouver attorney Grant Murray used to travel to the United States frequently until the US-Canadian trade dispute led him to wage his own personal travel boycott. But as much as he loves his country and wants to support it, he loves his Toronto Blue Jays

By John Liu, Jhasua Razo, Alberto Mier, CNN (CNN) — US President Donald Trump and Chinese leader Xi Jinping are poised to hold a high-stakes summit in South Korea on Thursday, as the world’s two largest economies struggle to resolve a protracted trade conflict that has upended the global economy. Tensions have flared again in

By Brian Stelter, CNN (CNN) — You may have noticed some changes around here. CNN’s family of websites and apps now features All Access, a new way to subscribe and stream CNN, complete with new types of news content for those subscribers. It’s a big pivot for CNN in an era of direct-to-consumer relationships and

By Clare Duffy, CNN New York (CNN) — Nvidia, already the world leader in chips crucial for artificial intelligence, wants to make its technology central to everyday life. That means everything from cell phone towers to robotic factories to self-driving cars, Nvidia CEO Jensen Huang announced in his first-ever keynote address at the company’s GTC

By Hadas Gold, CNN (CNN) — Elon Musk launched Grokipedia – his version of Wikipedia – on Monday, as the richest man in the world further seeks to create an alternative information and media ecosystem molded to his views. The articles are written by Musk’s Grok AI, and the site mimics Wikipedia’s minimalist style, page

By Lisa Eadicicco, CNN (CNN) — Apple has just joined an exclusive club: It just became one of the few publicly traded companies to surpass $4 trillion in market value, joining fellow tech giants Nvidia and Microsoft, both of which reached that milestone earlier this year. Shares of Apple (AAPL) rose 0.1% Tuesday, continuing a

Story by Reuters (Reuters) — Elon Musk’s polarizing political actions since acquiring Twitter, later rebranded X, in 2022 dramatically hurt the automaker’s U.S. sales, underscoring how deeply its fortunes are intertwined with the billionaire’s persona. The findings quantify for the first time how the political actions of the world’s wealthiest person – including his role

By David Goldman, CNN (CNN) — In a stunning and significant pushback to the “doomsday” climate activist community, Bill Gates, a leading proponent for carbon emissions reductions, published a remarkable essay Tuesday that argued resources must be shifted away from the battle against climate change. Instead, Gates argues, the world’s philanthropists must increase their investment

By Elisabeth Buchwald, Alicia Wallace, CNN (CNN) — Hundreds of thousands of American soybean farmers are suffering from a monthslong effective embargo by China as part of a global trade war. Among them: Treasury Secretary Scott Bessent. “I’m actually a soybean farmer,” Bessent said over the weekend in an ABC News interview. “I have felt

By Bryan Mena, Annette Choi Washington (CNN) — President Donald Trump said he has decided who will become the most powerful figure in the US economy. The president on Sunday said he made up his mind and will be making an announcement. The looming nomination caps a months-long search process led by Treasury Secretary Scott

By Brian Stelter, CNN (CNN) — CNN is introducing a streaming subscription option called All Access, charting a new course in a media era defined by direct-to-consumer relationships and mobile-first news reports. The new service, which is built into CNN’s existing apps and websites, features multiple live TV streams of news coverage and exclusive content.

By Ramishah Maruf, CNN New York (CNN) — Amazon said it would cut 14,000 corporate staffers this year in a mass layoff aimed at readying the company for wide adoption of AI technology. The company noted that it would be hiring in key areas and would prioritize those who lost their jobs for those roles.