Money

By Ramishah Maruf, CNN New Yorks (CNN) — Shares of WK Kellogg, the cereal maker behind Froot Loops and Frosted Flakes, skyrocketed as high as 50% after the Wall Street Journal reported Wednesday that Ferrero was nearing acquiring the company for $3 billion. The Wall Street Journal reported the deal, in which the Nutella and

By Nathaniel Meyersohn, CNN New York (CNN) — Cancelling your gym membership isn’t likely to become easier anytime soon. A US appeals court on Tuesday blocked a rule that would have required businesses to make it as easy for consumers to cancel subscriptions and memberships as it is to sign up. That includes everything from

By Clare Duffy, CNN New York (CNN) — Linda Yaccarino is stepping down as CEO of X after two years leading Elon Musk’s social media company. Yaccarino’s departure comes one day after the company’s Grok chatbot began pushing antisemitic tropes in responses to users. It’s not clear that the events were connected. Her exit also

By Lisa Eadicicco, CNN New York (CNN) — Samsung on Wednesday announced three new foldable phones in its latest push to popularize what the company believes is the future of smartphones. The new $2,000 Galaxy Z Fold 7, $1,100 Galaxy Z Flip 7 and $900 Galaxy Z Flip 7 FE launch on July 25, with

By Lisa Eadicicco and John Towfighi, CNN New York (CNN) — Nvidia on Wednesday briefly hit $4 trillion in market value, making it the first publicly traded company to hit that milestone. Nvidia stock rose 2.76% after the market opened on Wednesday to hit an intraday record high that pushed its market value above the

By Phil Mattingly and David Goldman, CNN (CNN) — At the conclusion of his first 100 days in office in late April, President Donald Trump made a stunning statement about his progress on tariff negotiations: He had completed trade deals with 200 countries. More than two months later, Trump has announced just three of those

By Jordan Valinsky, CNN New York (CNN) — Max is returning to its former name — HBO Max — beginning immediately. Users of the streaming service, which is owned by CNN’s parent company Warner Bros. Discovery, will see the new-ish name roll out Wednesday, the company announced. The decision to revert to its original name

By Clare Duffy, CNN New York (CNN) — It’s looking increasingly likely that any sale of TikTok will mean US users have to download a new app. And that could mean an almost entirely different experience. After repeatedly delaying enforcement of a law that requires TikTok’s China-based parent company, ByteDance, to sell it or face

By Jeanne Sahadi, CNN (CNN) — President Donald Trump’s mega tax-and-spending cuts bill, signed into law last week, contains plenty of new tax provisions, the contours of which Americans are still digesting. One of them is the new temporary income tax deduction for interest paid on loans financing the purchase of qualified passenger vehicles. The

By John Liu and Matt Egan, CNN (CNN) — President Donald Trump said at least seven countries can expect tariff letters on Wednesday morning, as he ramped up pressure on nations to strike deals with the United States by saying his new August 1 deadline would not be extended. The announcement came as Trump vowed

By Hadas Gold, CNN (CNN) — Grok, the AI-powered chatbot created by Elon Musk’s xAI, has begun pushing antisemitic tropes in its responses to some users’ queries, weeks after Musk said he would rebuild the chatbot because he was unsatisfied with some of its replies that he viewed as too politically correct. On Tuesday, Grok

By Clare Duffy, CNN New York (CNN) — A group of leading tech companies is teaming up with two teachers’ unions to train 400,000 kindergarten through 12th grade teachers in artificial intelligence over the next five years. The National Academy of AI Instruction, announced on Tuesday, is a $23 million initiative backed by Microsoft, OpenAI,

By Samantha Delouya, CNN (CNN) — Mortgage lenders will soon have a new way to assess borrowers applying for government-backed loans. That sent the stock of America’s biggest credit score company plunging Tuesday. Federal Housing Finance Agency director Bill Pulte announced that lenders may start using VantageScore, a rival to the Fair Isaac Corporation, the

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump said Tuesday he’s imposing a new 50% tariff on all copper imported into the US. However, it’s unclear when the new tariff would take effect. “Today we’re doing copper,” he said at a Cabinet meeting, adding that he believed the rate will be 50%. This would

By John Towfighi, CNN New York (CNN) — President Donald Trump is threatening to revive his trade war. Wall Street isn’t too concerned. Global markets were relatively calm Tuesday after Trump on Monday ratcheted up his tariff campaign — but extended the deadline to August 1 and said he was open to negotiations. That provided

By Anna Cooban and Audry Jeong, CNN London (CNN) — Dozens of America’s trading partners are bracing themselves for August 1, the new deadline for punishing tariffs on goods they export to the United States. For months, countries have tried to negotiate trade deals with the US to avoid the so-called “reciprocal” tariffs President Donald

By Chris Isidore, CNN (CNN) — Tesla’s troubles go far beyond CEO Elon Musk’s recent dust-up with President Donald Trump, who accused the former “first buddy” of going “completely ‘off the rails’” in a social media slap fight over the weekend. But while the battles between Musk and Trump are getting all the attention, the

By Alicia Wallace, CNN (CNN) — President Donald Trump’s megabill is now a megalaw with wide-reaching implications for many Americans. Trump has touted that his tax and spending law will boost the economy and put more money in people’s pockets, especially for hourly workers. However, as is the case with most federal laws — especially

By Phil Mattingly, CNN (CNN) — Three months later, President Donald Trump’s endgame for his once market-rattling tariffs was supposed to arrive tonight at midnight. But it won’t. As the clock rapidly ticked toward the long-standing July 9 end of Trump’s 90-day pause on soaring “reciprocal” tariff rates on more than 60 countries, Trump on