Money

By Brian Stelter, CNN This is a David and Goliath story – with a twist. Almost exactly 15 years ago today the owner of Warner Bros. and HBO pushed back on Hollywood and Wall Street hype about a streaming upstart named Netflix. The 2010 quote from Jeff Bewkes in The New York Times is now

By Chris Isidore, CNN (CNN) — First the penny. Next, paper checks? When the US Mint stopped making pennies last month for the first time in 238 years, it drew a lot of attention. But there have been quiet moves to stop using paper checks as well. The government stopped sending out most paper checks

By Alicia Wallace, CNN (CNN) — The last piece of official inflation data to land before the Federal Reserve’s policymaking meeting next week was a shutdown-delayed report that showed the pace of price hikes remained stubborn in September and consumer spending waned after a summer splurge. The Personal Consumption Expenditures price index — the inflation

By Brian Stelter, CNN (CNN) — Netflix has triumphed in the bidding war for Warner Bros. and HBO, announcing a deal that could combine two of the three biggest streamers with one of the largest traditional movie and television studios. If the deal goes through, it will fundamentally reshape Hollywood at a precarious time for

By Lisa Eadicicco, CNN (CNN) — Fancy cameras, giant screens and massive storage usually make smartphones more expensive. But next year, it’s a routine component that might be boosting prices: memory. And it’s not just phones. Any device that uses memory, from phones to tablets and smartwatches, could get pricier. Memory prices are rising for

By John Liu, CNN (CNN) — Taiwan’s government has ordered a one-year block of a popular, Chinese-owned social media app following its failure to cooperate with authorities over fraud-related concerns. Xiaohongshu, also known as RedNote, has surged in popularity among young Taiwanese in recent years, amassing 3 million users in the self-ruled democracy of 23

By Brian Stelter, CNN (CNN) — Netflix has submitted the highest bid to date for Warner Bros. Discovery’s studio and streaming assets, according to people familiar with the secretive bidding process. Netflix’s most recent offer, submitted on Thursday, valued the Warner Bros. studio, HBO Max streaming service and related parts of the company at around

By Samantha Delouya, CNN (CNN) — A major congressional watchdog has opened an investigation into Federal Housing Finance Agency Director Bill Pulte, who has helped spark probes into several of President Donald Trump’s perceived political enemies, over possible misuse of authority. On Thursday, the Government Accountability Office (GAO) said it would act on Senate Democrats’

By Brian Stelter, CNN (CNN) — The “CBS Evening News” needs a new anchor — and soon. Maurice DuBois, who has co-anchored the storied broadcast alongside John Dickerson since January, is leaving the network later this month. Dickerson already announced his departure back in October. So this means the unusual co-anchor pairing on the 6:30

By Ana Nicolaci da Costa, CNN London (CNN) — The number of billionaires worldwide – and their combined wealth – reached record highs this year, buoyed in particular by gains in tech stocks, Swiss bank UBS has found. The world had 2,919 billionaires on April 4, when UBS completed that part of its research, the

CNN By Lex Harvey, CNN (CNN) — The biggest event in New Zealand on Thursday may have been the opening of a furniture store. Eager shoppers counted down “3… 2…1” and waved Swedish flags as the doors opened to IKEA’s most distant outpost from its motherland. Thunderous applause rang out as crowds rushed inside the

By Brian Stelter, CNN (CNN) — The New York Times has filed a high-stakes lawsuit against the Department of Defense over the Pentagon’s new restrictions on press access. The lawsuit, filed in federal court in Washington, DC Thursday morning, names the Defense Department, Defense Secretary Pete Hegseth and the chief Pentagon spokesman, Sean Parnell, as

By Lex Harvey, CNN (CNN) — The biggest event in New Zealand on Thursday may have been the opening of a furniture store. Eager shoppers counted down “3… 2…1” and waved Swedish flags as the doors opened to IKEA’s most distant outpost from its motherland. Thunderous applause rang out as crowds rushed inside the furniture

By John Towfighi, CNN (CNN) — The Trump administration is looking Down Under for inspiration on how to improve the United States’ retirement savings system. President Donald Trump on Tuesday said at the White House that his administration is looking into an Australian-style retirement program. “We’re looking at it very seriously,” Trump said. “It’s a

By Jeanne Sahadi, John Towfighi, CNN (CNN) — President Donald Trump on Tuesday formally introduced his ‘Trump Account” program with a twist: A multibillion-dollar donation from Michael and Susan Dell would expand the program’s eligibility to more children. The investment accounts could help tens of millions of American families save for their children. But critics