Money

Reuters (Reuters) — Warren Buffett’s Berkshire Hathaway has fully exited Chinese automaker BYD, a filing showed, ending a 17-year investment that grew over 20-fold in value in that period. The filing by Berkshire’s energy subsidiary recorded the value of its BYD investment as zero as of the end of March, down from $415 million at

By Auzinea Bacon, CNN (CNN) — Hollywood has long viewed anime as a modest but steady genre at the domestic box office. But the unexpected success of “Demon Slayer: Infinity Castle” has forced the industry to rethink the potential of Japanese animation to draw big audiences to theaters. “Infinity Castle,” distributed by Sony-owned Crunchyroll, fell

By Auzinea Bacon, Aileen Graef, Brian Stelter, CNN (CNN) — President Donald Trump on Sunday said tech and media giants Larry Ellison, Michael Dell, and Lachlan and Rupert Murdoch will be a part of the group to take over TikTok’s algorithm in the acquisition of the social media platform’s US operations. “You know, they’re very

By Chris Isidore, CNN (CNN) — Despite billions in tariff costs for imported autos and parts, new car prices have stayed relatively flat. But the news isn’t as good for car owners taking their vehicles to the repair shop. The price of car repairs jumped 5% just from July to August, according to the latest

By Auzinea Bacon, CNN (CNN) — President Donald Trump’s latest effort to overhaul America’s legal immigration system — raising the annual fee on H-1B visa applicants from $215 to $100,000 — could deal a major blow to some US industries that rely on skilled foreign workers. During a signing at the Oval Office Friday, Trump

By Auzinea Bacon, Clare Duffy, CNN (CNN) — The United States will have control over TikTok’s algorithm in the acquisition of the social media platform’s US operations, White House press secretary Karoline Leavitt said on Saturday. “We are 100% confident that a deal is done. Now that deal just needs to be signed, and the

By Nathaniel Meyersohn, CNN New York (CNN) — President Donald Trump pledged to bring down grocery costs. But his administration’s policies are contributing to an acceleration in prices, food economists and companies say. Grocery prices last month rose at their fastest pace in three years, stoked by Trump’s tariffs, a crackdown on immigration, and extreme

By Brian Stelter, Hadas Gold, CNN (CNN) — In a ruling dripping with derision, a federal judge has rejected President Trump’s defamation lawsuit against The New York Times, asserting that the rambling 85-page suit did not follow federal rules for filing civil complaints. The president’s team has been given a month to refile, and a

By Bryan Mena, CNN Washington (CNN) — President Donald Trump’s widespread tariffs aren’t boosting inflation, so interest rates should be lowered quickly to prevent America’s labor market from deteriorating, Federal Reserve Governor Stephen Miran said Friday in his first public comments as a monetary policymaker. The Fed on Wednesday announced a quarter-point rate cut, the

By Tami Luhby, CNN (CNN) — This year’s winter heating bills may send a shiver down many Americans’ spine. The cost of staying warm at home is expected to jump an average of 7.6%, to $976 this season, according to a new estimate from the National Energy Assistance Directors Association. The spike stems from increases

By Lisa Eadicicco, CNN (CNN) — Back in 2017, consumers balked at the idea of a $1,000 iPhone. Now, some shoppers may end up paying double that if they choose Apple’s latest top-of-the-line model. The iPhone 17 Pro Max, the larger variant of Apple’s Pro phone that launches today along with the iPhone 17, 17

By Clare Duffy, CNN (CNN) — President Donald Trump said at the conclusion of a call with China’s leader Xi Jinping Friday morning that they had made progress to finalize a deal that would sell most of TikTok’s US assets to American investors. The deal would conclude a yearslong effort that began during Trump’s first

By Vanessa Yurkevich, CNN New York (CNN) — When the US Department of Homeland Security conducted its largest single-site enforcement operation in history at the Hyundai – LG Battery Plant in Georgia earlier this month, Hyundai’s CEO was working out of his California office. He said he found out about it on the news. “I

By Brian Stelter, CNN (CNN) — When Federal Communications Commission Chair Brendan Carr suggested Jimmy Kimmel should be suspended and said, “We can do this the easy way or the hard way,” ABC and its local affiliates were listening. Within a matter of hours, ABC suspended Kimmel’s show “indefinitely,” a stunning move that has raised

By Alex Leeds Matthews, Brian Stelter, CNN (CNN) — Jimmy Kimmel will return to host his late-night talk show on Tuesday, less than a week after being yanked from ABC’s airwaves. ABC shocked Hollywood and the nation last Wednesday by suspending the show and its famous host after comments Kimmel made in the aftermath of

By Jordan Valinsky, CNN New York (CNN) — The United States federal government and seven states are suing Ticketmaster and its parent company, Live Nation Entertainment, for failing to crack down on ticket resellers, which is forcing customers to “pay substantially more than face value” for popular concerts and and events. The Federal Trade Commission

By Samantha Delouya, CNN (CNN) — The Federal Reserve’s rate cut this week is rippling through the housing market, sending mortgage rates lower and spurring a jump in refinancing. The 30-year fixed mortgage rate averaged 6.26% for the week ending September 18, down from 6.35% last week, according to data released Thursday by Freddie Mac.

By Chris Isidore, CNN (CNN) — Tesla is looking into redesigning the way to open its car doors in an emergency following several accidents where passengers were reportedly trapped in burning vehicles because rescuers could not open them. Even without an accident, other Tesla owners have reported having to break their own car windows after

By Olesya Dmitracova, CNN (CNN) — Nvidia said on Thursday that it would buy $5 billion worth of Intel’s common stock, becoming another major shareholder in the beleaguered company just weeks after the US government took a roughly 10% stake. The tech giant, which makes artificial intelligence chips, will pay $23.28 per share, it said

By Alicia Wallace, CNN Falcon Heights, Minnesota (CNN) — The Federal Reserve cut interest rates on Wednesday for the first time this year, a move that could provide some relief for Americans from the higher cost of living. But there is a deepening inequality among households in the United States. Consumer spending, which is a