CNN – Business/Consumer

By Anna Cooban, CNN London (CNN) — Nvidia is joining forces with Wall Street to allow its customers borrow more than half a trillion dollars to build AI infrastructure.The US chipmaker announced on Monday that it had signed a preliminary agreement with heavyweight institutional investors Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to raise

By John Towfighi, CNN New York (CNN) — Will the Federal Reserve raise interest rates or hold them steady at its meeting next month?For the market, it’s a coin flip: Odds of a rate hike in September are near 50%, while odds of keeping rates steady are near 50%, according to CME FedWatch, a real-time

By Lisa Eadicicco, Hadas Gold, CNN (CNN) — Meta is taking a stance on one of the biggest debates shaping the future of artificial intelligence: Should AI models be open for anyone to tinker with and modify, or should they be tightly controlled by the companies making them?For Meta CEO Mark Zuckerberg, the answer is

By Jordan Valinsky, CNN New York (CNN) — 7UP, which popularized lemon-lime flavoring when it rolled out nearly a century ago, is changing its taste for the first time in 15 years.The soda is permanently reformulating its recipe as it faces increased competition, slightly reducing lemon for a “lime-forward” taste in response to younger drinkers’

By Avni Trivedi, Hanna Park, CNN (CNN) — The Powerball jackpot has risen to an estimated $975 million after nobody took the grand prize in Monday night’s drawing, which soared to the eighth-largest prize in history.The winning numbers drawn were 6, 37, 54, 55, 64, and a red Powerball 10, with a Power Play multiplier

By Lisa Eadicicco, CNN (CNN) — Cases of AI escaping the lab, infiltrating other companies and trying to deceive people have all made headlines in recent weeks. And in one case, AI models even worked together to break free from their test environments.Does this mean the machines are taking over? Not quite.AI isn’t the mastermind

By David Goldman, Matt Egan, CNN (CNN) — David Goldman and Matt Egan report on the economy for CNN. This is their text conversation about this month’s job report.David Goldman: Hey, Matt! The jobs report on Friday came in…less than good, let’s say. Are we back in this “meh-conomy,” where we have stagnant job growth

By Bryan Mena, CNN (CNN) — Despite AI skills and more than a decade of management experience in technology, Juan Ruiz has struggled to switch jobs in a state known for its tech scene: California.Ruiz has been looking for a new job with more pay since October 2024, sending out hundreds of applications, he told

By Bryan Mena, Molly English, CNN Washington (CNN) — The White House is renewing its effort to remove Lisa Cook from the Federal Reserve’s Board of Governors, according to a letter addressed to her attorney obtained by CNN.The letter, dated August 5, said there is “sufficient reason to believe that you have made false statements

By Michael Ballaban, CNN (CNN) — Ford is the undisputed global leader in pickup trucks. The F-Series is the best-selling vehicle in the US – of any kind – since 1981. Its latest pickup, the Ford Fathom, will cost a downright cheap $28,350, which should set it up to be a massive seller.And it absolutely

By Alicia Wallace, CNN (CNN) — A summer hiring slump dogged the US labor market in July as the economy unexpectedly lost 23,000 jobs, according to new data released Friday by the Bureau of Labor Statistics.The unemployment rate dropped to 4.1% from 4.2% as more people left the labor force.July’s job gains marked a sharp

By Isa Mudannayake, Hanna Park, CNN (CNN) — The Powerball jackpot has risen to an estimated $905 million after nobody took the grand prize in Saturday night’s drawing.The winning numbers were 5, 9, 35, 54, 63 and red Powerball 7, with a Power Play multiplier of 3.While no one snagged the $856 million jackpot –

By Brian Stelter, Liam Reilly, CNN (CNN) — The FCC voted on Thursday to remove the cap on TV station ownership in the US, delivering a big win to media companies aligned with President Donald Trump and the Republican Party.Supporters of the cap immediately said they will challenge the FCC’s action in court. They argue

By Alicia Wallace, CNN (CNN) — When the latest official jobs report is released on Friday, economists are expecting it to show that hiring picked up in July and that the unemployment rate held steady at 4.2%.Economists’ estimated monthly employment gains of 97,500 jobs would mark an increase from June’s lower-than-expected 57,000 jobs added. The

By Anna Cooban, CNN London (CNN) — The British government has cleared Paramount Skydance’s $110 billion takeover of Warner Bros. Discovery, saying it had received assurances from the company over media diversity.On Thursday, the UK’s anti-trust regulator said that it had decided not to further investigate the deal, weeks after British culture minister Lisa Nandy

By Hadas Gold, CNN (CNN) — The White House waded into one of the hottest debates in AI this week: Open or closed?A new framework governing how the administration will review advanced AI models pre-release covers only the most powerful “closed” models, like Anthropic’s Claude or OpenAI’s ChatGPT, people familiar with the matter told CNN.

By John Towfighi, CNN New York (CNN) — More than 900 million SpaceX shares unlocked Thursday, more than doubling the publicly available shares in Elon Musk’s space and AI company and testing investors’ interest in holding a stock that’s struggled since a record-breaking IPO nearly two months ago.A lockup expiry enables some employees and early

By David Goldman, CNN (CNN) — People really don’t like AI data centers.Politicians are running against them. A recent Gallup poll showed 71% of Americans oppose them. Several counties and states have proposed or passed laws to ban them.But this notion that AI data centers are quickly popping up everywhere is belied by the fact

By Matt Egan, CNN The smarter artificial intelligence gets, the harder it will be for humanity to control it, according to Geoffrey Hinton, the Nobel Prize-winning computer scientist known as the “godfather of AI.”Even Hinton was alarmed by the sophisticated AI agents that recently caused real-world damage after escaping their human-built testing environments.“What’s happening is

By Stephanie Yang, Yoonjung Seo, CNN Seoul (CNN) — Jennifer Ke, a 35-year-old working in operations at a cryptocurrency firm, never paid much attention to Taiwan’s stock market.But her colleagues were constantly discussing their latest stock trades. One boasted of making at least one million Taiwanese dollars, or about $31,000, on a single stock.Then, over

By Hadas Gold, CNN (CNN) — Add Meta to the list of companies with AI agents going rogue. An AI model from the parent company of Facebook and Instagram hacked into another company’s systems during cybersecurity testing, a spokesperson confirmed on Wednesday.Meta says the breach occurred because of an inadvertent error during testing of the

By Jordan Valinsky, CNN New York (CNN) — Mickey Mouse could soon be performing the next big TikTok dance trend as Disney looks to embrace the creator community.The Walt Disney Company and TikTok announced Wednesday a partnership that would let social media creators make short-form videos based on the entertainment conglomerate’s brands, including Star Wars,

By Elisabeth Buchwald, CNN (CNN) — Apple got an estimated $2.2 billion tariff refund last quarter. Amazon got $600 million. Nike got $300 million. But American consumers who paid higher prices as President Donald Trump’s tariffs filtered through the economy are getting almost nothing back.Those corporate payouts may be just the beginning as the government

By John Liu, Hadas Gold, CNN (CNN) — Anthropic’s most advanced artificial intelligence model used fake identities to deceive real people and try to plant malicious code during testing by Britain’s AI Security Institute (AISI) –– the latest example of an AI model going rogue.Anthropic and OpenAI models were tested with lowered security guardrails in

By Allison Morrow, CNN New York (CNN) — SpaceX first earnings report as a public company blew past expectations. But it continued to burn through cash in pursuit of CEO Elon Musk’s vision for an AI-powered, Mars-colonizing future, putting investors on edge and sending SpaceX shares down in late trading.The newly public satellite, space and

By Brian Stelter, CNN (CNN) — A federal judge has set a March 2027 trial date for the antitrust challenges to Paramount’s acquisition of Warner Bros. Discovery, CNN’s parent company.The trial timeline is another setback for Paramount, which had wanted to complete the merger this summer.A coalition of state attorneys general and the Writers Guild

By Brian Stelter, CNN (CNN) — Paramount CEO David Ellison says he believes the fight over his Warner Bros. Discovery takeover “is not really about market share” — it’s about CNN.In a remarkable Tuesday morning guest essay for The New York Times, Ellison seeks to convince readers that he will respect and preserve CNN’s independence.“In

By Jordan Valinsky, CNN New York (CNN) — McDonald’s recently revved up the amount of deals and discounts it offers to attract more customers. That strategy seems to have hit a roadblock.The burger chain on Tuesday reported its slowest growth since 2025, with US sales rising just 0.8% in the second quarter. McDonald’s blamed some

By Alicia Wallace, CNN (CNN) — The US labor market, long stuck in a “low-hire, low-fire” slog, may be starting to show a glimmer of life.The latest official labor turnover data showed that employers increased their hiring efforts in June – an ever-so slight indication that momentum could be building.The number of job openings had