CNN – Business/Consumer

By John Liu, CNN Hong Kong (CNN) — The global artificial intelligence boom that has helped sustain Chinese economic momentum this year still can’t offset its domestic woes, particularly in its stock market.Since peaking in June, key Chinese indexes have fallen more than 20%, crossing the threshold for a bear market. Beijing responded last week

By Sean Lyngaas, CNN (CNN) — Hackers stole over $6 billion in cryptocurrency on Thursday, shattering the record for the largest such heist as multiple investigators pointed the finger at North Korea.As of Thursday night in the US, a team of cryptocurrency firms had managed to freeze about $3 billion of the stolen loot amid

By John Towfighi, CNN (CNN) — Shares of Google’s parent company tumbled more than 12% on Thursday, their worst day on record — a historic single-day decline bigger than any day during the Covid-19 pandemic or 2008 financial crisis.The drop erased roughly half a trillion dollars in Alphabet’s (GOOGL) market value, the second-largest single-day wipeout

By Jordan Valinsky, CNN New York (CNN) — DoorDash is buying rival Instacart in a deal worth roughly $17 billion, signaling that the delivery wars continue to heat up.The deal, announced Thursday, marks an end for Instacart as an independent company. Instacart went public in 2023 and benefited from a pandemic-era boom for the grocery

By Alicia Wallace, Elisabeth Buchwald, CNN (CNN) — US economic growth accelerated last quarter at its fastest pace in a year; however, rising gas prices helped to lift inflation in September to a four-month high, new data showed Thursday.The Personal Consumption Expenditures price index rose 0.5% from August, bringing the annual rate of inflation to

By David Goldman, CNN (CNN) — President Donald Trump made an extraordinary announcement this week: Venezuela had gifted the United States 1 million barrels of oil – and it didn’t cost American taxpayers a dime.Tuesday’s announcement apparently surprised one important party to the deal: the producer of the Venezuelan oil.North American Blue Energy Partners, the

By Ramishah Maruf, CNN New York (CNN) — Leaders at Weil, Gotshal & Manges, the nearly century-old law firm that worked for companies from the Lehman Brothers to General Motors, recommended on Wednesday that the firm shut down.“Following a careful review of strategic alternatives, the Firm’s Management Committee has recommended to the partnership that the

By Brian Stelter, CNN (CNN) — CNN, MS NOW and Politico have amended their lawsuit against President Donald Trump’s White House press ban, citing “continued retaliatory and viewpoint-discriminatory deprivation” by the Trump administration.The three news outlets are once again accusing the administration of violating the First and Fifth Amendments.The updates to the lawsuit concern the

By Rachel Siegel The Federal Reserve on Wednesday held interest rates steady, even as inflation continues to weigh on American households. The widely expected move leaves the Fed’s benchmark interest rate at a range between 3.75% and 4%. In a statement, Fed leaders said uncertainty was still high, in part because of “geopolitical developments.” Officials

CNN, POOL, CENTCOM By Rachel Siegel The Federal Reserve on Wednesday held interest rates steady, even as inflation continues to weigh on American households. The widely expected move leaves the Fed’s benchmark interest rate at a range between 3.75% and 4%. In a statement, Fed leaders said uncertainty was still high, in part because of

By Lisa Eadicicco, CNN (CNN) — Apple once scoffed at the idea of a laptop with a touchscreen.But that all changed on Wednesday when the tech giant announced the MacBook Pro with PROLED XDR Display, its first laptop with a touch-sensitive display.For years, PC makers have been releasing touchscreen computers in an attempt to modernize

By Hadas Gold, Lisa Eadicicco, CNN (CNN) — It’s typical for companies that file to go public to include dozens of pages of risk factors outlining the biggest obstacles to their business. What happens if consumers don’t like the product? Are we liable if the product is misused?Anthropic’s IPO filing included a massive and wide-ranging

By Alicia Wallace, CNN (CNN) — The US economy continues to grow at a relatively healthy pace, but American workers aren’t fully reaping the financial rewards.In fact, American workers’ piece of the economic pie is shrinking. By one official measure, their slice is the smallest in almost 80 years.The labor share of income, which is

By David Goldman, CNN (CNN) — What does Anthropic’s chatbot, Claude, think about the big initial public offering?I asked. (Responses in bold.)Before the substance, a disclosure that matters for your story: I’m Claude, made by Anthropic, the company in this filing.Nice work, Claude! I laughed out loud at this. Looks like Anthropic’s AI chatbot demonstrates

By Lisa Eadicicco, Clare Duffy, John Towfighi, CNN Anthropic filed for an initial public offering Monday in what could become one of the largest stock market debuts in history — detailing its surging business growth, along with a vast multitude of warnings about how it could all go wrong.Anthropic’s filing with the Securities and Exchange

By Lisa Eadicicco, Hadas Gold, CNN (CNN) — The vulnerabilities were around for years — more than a decade — but researchers were only able to understand how hackers could take advantage of them with the help of AI.The vulnerability, called P2PShell, impacts a coding language that powers 70% of the world’s websites, enabling hackers

By Matt Egan, CNN New York (CNN) — On the campaign trail in 2024, President Donald Trump promised to make gas dirt-cheap again and blamed record-high gas prices on the Biden-Harris “war on energy.”But then an actual war got in the way: Trump’s deeply unpopular conflict with Iran.Nearly eight months into a war that has

By Samantha Delouya, CNN (CNN) — In a housing market where affordability is increasingly out of reach for many buyers, Vic Bulbon is looking at a type of property that’s becoming less expensive: condominiums.With national home prices near record highs and mortgage rates topping 7% in recent weeks, buying a home remains out of reach

By Brian Stelter, Andrew Kirell, CNN (CNN) — President Donald Trump has just penned his longest Truth Social post ever, according to a CNN analysis and a third-party tracking firm.The topic of the president’s essay? Not the midterm election or the Middle East conflict. The post is about his complicated relationship with HBO comedian Bill

By Chris Isidore, CNN (CNN) — People have been wishing for flying cars since the earliest days of flight and automobiles. Does Tesla’s demonstration earlier this month of a “flying” version of its new Roadster mean we’re close?If you’re looking for a car that can safely travel on roads and highways while also flying significant

By Nathaniel Meyersohn, CNN New York (CNN) — Brett Smiley was elected mayor of Providence in 2022 on a pledge to build more housing and get things done in Rhode Island’s capital city.Smiley worked closely with city and state leaders to relax restrictive zoning laws and cut red tape to make it easier to build.

Allison Morrow, CNN New York (CNN) — Down a dim, crooked hallway inside the Jay Street Lofts, a hulking brick relic of Brooklyn’s industrial past, Naomi Mishkin is conducting a radical fashion experiment.She’s making shirts. In New York City. Using cotton and wool. They are not cheap, and they never go on sale. That counts

By Jeanne Sahadi, CNN (CNN) — The last time CNN checked in with Mariza and Geffrey Gordon, the Milwaukee-based couple weighed down by debt who hoped to build an emergency fund and stop living paycheck to paycheck, they’d just gotten disappointing news.They’d been told because of their credit scores, they didn’t qualify for a balance

By Jeanne Sahadi, CNN (CNN) — If your partner is in a tough spot financially and you want to help cure the problem, you might take a beat to consider the circumstance holistically before doing anything.In this week’s Ask the Expert for CNN’s Savings Challenge, Douglas Boneparth, certified financial planner and founder of Bone Fide

By Alicia Wallace, Matt Egan, CNN (CNN) — A gallon of unleaded gas costs 40% more today than it did last year. A gallon of diesel is running nearly 75% higher.As for Americans’ optimism about the economy 11 days before the midterm elections? That’s nearly running on empty.High gas prices and years of persistently elevated

By Chris Isidore, CNN (CNN) — Think you paid a lot to fly this summer? Don’t expect it to get any better this holiday season, or even next year.The major US airlines reported that fares rose sharply during the July to September period, a result of higher fuel costs and steady demand. US airfares jumped

By Tami Luhby, CNN (CNN) — Workers might start feeling faint when they sign up for work-based health coverage for 2027.Premiums are expected to skyrocket for the fourth year in a row, and employees will likely pay more when they receive care, too. The increased costs will put an additional squeeze on Americans’ already-tight budgets,

By Clare Duffy, CNN New York (CNN) — As a new mom-to-be, my social media feeds have clocked me — funneling endless videos my way about pregnancy, nursery prep and birth stories, to the point of baby information overload. I needed a break.I recently told my Instagram algorithm I’m no longer interested in seeing content

By Clare Duffy, CNN New York (CNN) — A New Mexico judge ordered Meta to pay $25 billion after the company was found to have misled users about its privacy practices in a case related to the Cambridge Analytica scandal.The Wednesday ruling marks one of the largest-ever legal penalties for a tech giant — and

By Lisa Eadicicco, Hanna Ziady, CNN (CNN) — Governments and companies around the world are racing to fix vulnerabilities revealed by artificial intelligence that could affect 70% of the world’s websites.Some websites and services briefly went dark after the set of vulnerabilities were announced Wednesday.The US National Security Agency and Europe’s cybersecurity agency advised companies