Money

By Matt Egan, CNN New York (CNN) — One of the biggest mysteries of the global economy is why the oil market has remained so calm during one of the greatest supply shocks in history. The Strait of Hormuz has been paralyzed by three months of war — a nightmare scenario that few thought was

By Lisa Eadicicco, Clare Duffy, CNN New York (CNN) — OpenAI has confidentially filed for an initial public offering, setting it up for what may be the most highly anticipated market debut in recent history and a massive payday for early investors. The decision comes just after OpenAI’s chief rival Anthropic announced plans to go

By Samantha Delouya, CNN (CNN) — Sam Bankman-Fried, the former crypto billionaire who orchestrated one of the largest financial frauds in history, officially asked President Donald Trump for a pardon, according to the Justice Department’s website. Bankman-Fried, 34, co-founded the disgraced crypto exchange FTX and was sentenced to 25 years in prison in 2024. Bankman-Fried’s

By Alicia Wallace, CNN (CNN) — Americans haven’t been this gloomy about their household finances in years – and they expect it’ll only get worse, new survey data showed Monday. The share of Americans who said their financial situation in May was “somewhat worse off” or “much worse off” than a year ago was the

By Hanna Ziady, CNN London (CNN) — Driverless cars will soon be available for public use in London, a first for the British capital that brings vehicles powered by artificial intelligence to one of the world’s most congested cities. The launch marks the beginning of British-born Wayve’s global rollout of robotaxis, which will extend to

By Jordan Valinsky, CNN New York (CNN) — Forget ticket sales and geopolitical tensions. The World Cup might face another hurdle: A years-long decline in drinking. A massive global sporting event should be a celebration for the alcohol industry, as people cram into bars or throw watch parties at home. Anheuser-Busch InBev, Heineken, Molson Coors

By Lisa Eadicicco, CNN (CNN) — Apple on Monday announced an all-new version of Siri during its Worldwide Developers Conference, a move that could bring its roughly 15-year-old digital helper up to speed with rivals like ChatGPT and Google’s Gemini. The tech giant also announced performance improvements for its iPhone, Mac and iPad software and

By Wayne Chang, CNN (CNN) — When Lip-Bu Tan took the helm of Intel in March 2025, the company was in desperate need of a turnaround. For years, the Silicon Valley-based semiconductor pioneer had been struggling to maintain its market-leading position as a chipmaker, having lost ground to Nvidia, AMD and Qualcomm. Meanwhile, Taiwan Semiconductor

By Brian Stelter, CNN (CNN) — Scott Pelley says “CBS News is on fire” and the news division’s editor in chief Bari Weiss should be removed from her job. “My hope is that the leadership of Paramount will say to themselves, this isn’t working,” Pelley said in an interview with The New York Times, his

By Ramishah Maruf, CNN New York (CNN) — A Lancome employee recently swabbed under my eyes and took a hyper-zoomed photo of my forehead, already shiny and flaking. Then she inserted my protein samples into the company’s Cell BioPrint machine, which gave its verdict in horrifying, flashy red letters: I was suffering from accelerated aging.

By Chris Isidore, CNN (CNN) — Elon Musk just became the world’s first trillionaire after SpaceX, his rocket and AI company, went public on Friday. It’s a staggering amount of wealth never seen before in the history of human commerce. Musk, the world’s richest man even before SpaceX’s IPO, already owns about $279 billion in

CNN By David Goldman, CNN (CNN) — In its 50-year history, Costco has never seen such demand for gas. Many of its stations have been so overwhelmed that they’ve had to call in tanker trucks multiple times a day to avoid running dry, Costco said this week during its quarterly earnings call. A growing number

CNN By Brian Stelter, Andrew Kirell, CNN (CNN) — The three remaining “60 Minutes” correspondents told colleagues Friday that they will stay with the embattled newsmagazine for one stark reason: “We don’t want to see ‘60 Minutes’ die.” Lesley Stahl, Bill Whitaker and Jon Wertheim wrote in a joint memo that they were heartbroken over

By John Towfighi, CNN New York (CNN) — Investors sold stocks, bonds, bitcoin and gold Friday after strong jobs data raised odds for Federal Reserve interest rate hikes, and Wall Street wrestled with weakness in AI stocks. The S&P 500 fell 2.64%, its worst day since October. The index fell into the red for the

By Brian Stelter, Andrew Kirell, CNN (CNN) — The three remaining “60 Minutes” correspondents told colleagues Friday that they will stay with the embattled newsmagazine for one stark reason: “We don’t want to see ‘60 Minutes’ die.” Lesley Stahl, Bill Whitaker and Jon Wertheim wrote in a joint memo that they were heartbroken over the

CNN By Chris Isidore, CNN (CNN) — AI models are rapidly improving – so fast that they may soon be able to develop themselves without human involvement. That’s why Anthropic is warning the AI industry: It needs to build a “brake pedal,” or companies risk losing control of their creations. AI systems that can advance

By Alicia Wallace, CNN (CNN) — The US labor market appears to have found its footing: The economy added 172,000 jobs in May, shattering expectations, new data from the Bureau of Labor Statistics showed Friday. The latest jobs report provided some reassurance that the US labor market may be stabilizing after a year of weak

By Samantha Delouya, CNN (CNN) — President Donald Trump tried – and failed – to end government control of mortgage giants Fannie Mae and Freddie Mac during his first term. Now, his decision to give Bill Pulte, the official charged with making that happen, a second, unrelated job as acting director of national intelligence is