Money

By Ramishah Maruf, Clare Duffy, CNN New York (CNN) — Apple avoided responsibility for the alleged circulation of child sexual abuse material on iCloud after a judge dismissed a lawsuit against the company on Tuesday. The onus should be on lawmakers to protect children instead, the judge said. The proposed class action was filed by

CNN By Bryan Mena, CNN Washington (CNN) — Federal Reserve Chairman Kevin Warsh on Tuesday offered his most detailed account yet of the sweeping changes he’s ushering in at America’s central bank and the philosophy behind them. Warsh appeared before the House Financial Services Committee to deliver the Fed’s semiannual Monetary Policy Report, a routine

By Bryan Mena, CNN Washington (CNN) — Federal Reserve Chairman Kevin Warsh on Tuesday offered his most detailed account yet of the sweeping changes he’s ushering in at America’s central bank and the philosophy behind them. Warsh appeared before the House Financial Services Committee to deliver the Fed’s semiannual Monetary Policy Report, a routine overview

By Elisabeth Buchwald, CNN (CNN) — The Trump administration says its trade fraud crackdown has already topped $1 billion in recoveries and alleged losses, less than a year after the launch of a task force dedicated to this initiative. The figure includes money recovered through criminal and civil cases, including penalties, settlements, restitution, asset forfeitures

By Chris Isidore, CNN (CNN) — Warren Buffett didn’t give anything to the Gates Foundation this year, instead directing nearly $6 billion in shares of Berkshire Hathaway to four foundations related to his own family. Buffett, who was a founding trustee of the Gates Foundation, started “The Giving Pledge” with Bill Gates and his then-wife

By David Goldman, CNN (CNN) — An extraordinary warning from IBM CEO Arvind Krishna sent shares plunging – on pace for their worst day in the 115-year-old company’s history. IBM (IBM) shares plunged 24% in premarket trading. Its worst day ever was October 19, 1987 – aka Black Monday – when shares fell 23.7%, mirroring

By Elisabeth Buchwald, CNN (CNN) — Since the US-Israeli war with Iran broke out, shipping companies have been calling for greater protection for vessels to safely cross through the Strait of Hormuz, a critical trade route that is controlled by Iran. President Donald Trump now says the United States can provide that — but in

By Brian Stelter, CNN (CNN) — Twelve states have sued to block Paramount’s takeover of Warner Bros. Discovery, CNN’s parent, kicking off a high-stakes antitrust battle that could impede the media mega-merger. California Attorney General Rob Bonta said the antitrust lawsuit, filed Monday in the Northern District of California, is necessary because “this merger would

By Brian Stelter, CNN (CNN) — For President Donald Trump, this latest leak hunt is really personal. Last week, reporters at The New York Times received subpoenas referencing “an alleged violation of federal criminal law” just two days after they published a story contradicting Trump’s claims about the new Qatari-gifted Air Force One. Journalists involved

By Lisa Eadicicco, CNN (CNN) — Thinking about buying a new laptop or game console anytime soon? Be prepared to pay up. Point the finger at the AI boom. Data centers have led to a surge in demand for memory, a critical piece of computer hardware that’s needed to quickly process information. While that’s good

By Chris Isidore, CNN (CNN) — Toyota announced last week it would do something other automakers have been reluctant to do – shift some production from Mexico to the United States. The Japanese automaker will soon build half of its best-selling midsize Tacoma pickups at an expanded plant in San Antonio, where it already builds

By Ramishah Maruf, CNN New York (CNN) — The CPAP Baddies assembled in Vancouver, Canada. The first official hangout for users of the sleep apnea treatment device was an influencer-style event hosted by medical company ResMed, complete with merchandise, hors d’oeuvres and a photobooth. At a podcast-style corner, a host asked the attendees, who scored

By Jon Sarlin, CNN (CNN) — This World Cup, a bunch of people decided to gamble millions on whether soccer superstar Cristiano Ronaldo would cry during a match. The bet, which happened on Polymarket, isn’t weird for the wild world of prediction markets. Like whether aliens will be announced by the US government, whether a

By Samantha Delouya, CNN (CNN) — The 21st Century Road to Housing Act, a bipartisan bill that aims to tackle housing affordability, officially became law early Saturday, despite a series of attempts by President Donald Trump to stall the legislation. Its passage signals that lawmakers recognize the frustration many Americans feel about the high cost

By Liam Reilly, CNN (CNN) — The New York Times filed a counterclaim Friday against the Equal Employment Opportunity Commission, accusing the agency of retaliating against the publication for its reporting via a race- and gender-based discrimination lawsuit. The countersuit follows an EEOC lawsuit filed in May on behalf of a White staffer, Bryant Rousseau,

By Lisa Eadicicco, Hadas Gold, CNN (CNN) — Apple sued OpenAI on Friday, alleging the AI company has stolen the iPhone maker’s trade secrets to develop its own yet-to-be-unveiled AI gadgets. In the suit, filed in the District Court of Northern California, Apple accuses OpenAI of trade secret misappropriation and breach of contract. OpenAI last

By Clare Duffy, CNN New York (CNN) — The European Commission says Meta must make significant changes to Facebook and Instagram to address the “addictive design” of the social media platforms. Features on the apps such as autoplay, infinitely scrolling feeds, personalized recommendations and push notifications could compromise users’ “physical and mental wellbeing,” the commission

By Chris Isidore, CNN (CNN) — Air fares aren’t coming down, Delta Air Lines said Friday, even though the cost of jet fuel has fallen sharply. In its second-quarter earnings report, the airline said its various measures of fares are up 11%-12% due to strong demand for travel, and that it sees “sustainability” in those

By Anna Cooban, CNN London (CNN) — Eurostar has specified that its new fleet of trains must be able to withstand sweltering temperatures of 55 degrees Celsius, or 131 degrees Fahrenheit, as it gears up for a radically altered European climate over the coming decades. The company, which operates high-speed trains connecting a handful of

By Jordan Valinsky, CNN New York (CNN) — The elimination of the United States and Mexico in the World Cup is proving to be a win for fans looking for a deal on tickets. For Friday’s battle between Spain and Belgium, prices have plunged 65%, according to TickPick, a secondary ticket marketplace. The United States