CNN – Business/Consumer

By Hadas Gold, CNN (CNN) — The White House has requested OpenAI limit the release of its upcoming GPT 5.6 model to a small number of government-approved partners because of its advanced capabilities, a source familiar with the situation told CNN. The request comes after the administration placed an export control order on Anthropic, leading

By Chris Isidore, CNN (CNN) — Electric vehicle maker Polestar is being forced out of the American market due to its ties to China, following a decision by the US Commerce Department, the company announced Thursday. The company said the Commerce Department’s Bureau of Industry and Security denied the company an authorization to sell vehicles,

By Jordan Valinsky, CNN New York (CNN) — Apple has hiked prices on some of its most popular products, including the MacBook and iPad, because of the rising costs of memory and storage chips sparked by the AI boom. Beginning immediately, the price increases affect the Neo, its entry level MacBook that’s now priced at

By Elisabeth Buchwald, CNN (CNN) — High gas prices pushed annual inflation to the highest level in three years, according to May data released by the Commerce Department on Thursday. The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures price index, rose to 4.1% in May from 3.8% in April. On a monthly basis

By Anna Cooban, CNN London (CNN) — On Tuesday, investors were dumping AI stocks, worried that frothy valuations may be running away from reality. By Thursday, they were believers again. Micron Technology (MU), a US chipmaker, posted blockbuster quarterly results Wednesday afternoon, sending its stock up by more than 16% in pre-market trade Thursday. The

By Clare Duffy, CNN New York (CNN) — The family of a Missouri teenager is suing Snapchat parent company Snap, claiming the social media platform facilitated her rape as a 12-year-old. Snapchat features such as Quick Add and Snap Map enabled assailant Gabriel Joel Valentin-Rios to connect with and groom the girl, referred to as

By Lisa Eadicicco, CNN New York (CNN) — OpenAI on Wednesday announced its first custom AI chip in a step towards expanding beyond consumer products to become a player in AI infrastructure. The processor, called Jalapeño, was developed with Broadcom to more efficiently handle the computing needs for ChatGPT and OpenAI’s coding agent, Codex, the

By Chris Isidore, CNN (CNN) — President Donald Trump says “Big Oil” companies are keeping gas prices artificially high, echoing a complaint former President Joe Biden made during the last gas price spike. But, unlike Biden, Trump says he wants the Justice Department to investigate. In a Truth Social post early Wednesday, Trump argued that

By John Liu, CNN Hong Kong (CNN) — China has clinched the top spot on a list of the world’s most powerful supercomputers, overtaking the United States for the first time since 2017 with a model powered by homegrown chips amid an intense race for tech supremacy between the two superpowers. The LineShine machine, housed

By David Goldman, CNN (CNN) — The moment of truth is just about here. The Strait of Hormuz has reopened, for now, and Middle Eastern countries that shut off their oil wells during the war (the term is actually “shut in”) are about to turn those valves back the other way and find out what

By Samantha Delouya, CNN (CNN) — This week, Congress celebrated a rare bipartisan victory after overwhelmingly passing the largest housing affordability bill in a generation. On Wednesday, President Donald Trump was set to sign it into law. But there was a change of plans. Less than two hours before the planned signing, Trump posted on

By Brian Stelter, Hannah Rabinowitz, CNN (CNN) — The Washington Post and the Wall Street Journal waged a secret legal fight to stop the US government from subpoenaing several reporters in connection with national security leak probes. The Justice Department subsequently withdrew the subpoenas, at least for the time being, though the episode remains a

By Lisa Eadicicco, CNN (CNN) — Meta on Tuesday announced a new line of AI glasses designed in-house, signaling a deeper push into the wearable technology that’s become a new front in the artificial intelligence race. And the biggest change consumers will notice? A cheaper price tag. The new Meta Glasses will start at $299,

By David Goldman, John Towfighi, CNN (CNN) — Volatility has returned to the stock market, and AI is once again the culprit. The tech-heavy Nasdaq dropped 2.21% and the S&P 500 fell 1.44% Tuesday as investors sold semiconductor chip stocks and other AI-related shares. The Dow, which has less exposure to tech, was down about

By Brian Stelter, CNN (CNN) — AI chatbots are fast becoming a way people find news. But the systems are only as reliable as their sources, and are prone to misinformation and manipulation. Meanwhile, the rise of AI threatens the business model for news publishers, many of whom say AI model makers are using their

By Brian Stelter, CNN (CNN) — ABC is asking viewers to help defend its local stations and “The View” as Disney’s fight with the Trump administration moves into a new public phase. On Monday, Disney’s local ABC stations began to air messages alerting viewers to the government’s virtually unprecedented challenges to their station licenses. The

CNN By Chris Isidore, CNN (CNN) — Former Federal Reserve Chairman Alan Greenspan, once hailed as a maestro for directing a booming economy but who later received some of the blame for the housing bust and financial meltdown that occurred after he left office, has died, according to his wife, Andrea Mitchell. He was 100.

By Chris Isidore, CNN (CNN) — Former Federal Reserve Chairman Alan Greenspan, once hailed as a maestro for directing a booming economy but who later received some of the blame for the housing bust and financial meltdown that occurred after he left office, has died, according to his wife, Andrea Mitchell. He was 100. Greenspan

By Hanna Ziady, CNN Ten years ago, Britain chose to abandon its lucrative membership of the world’s largest single market. It has been paying a price ever since. On June 23, 2016, the Brexit referendum marked the start of the United Kingdom’s drawn-out divorce from the European Union. In a knife-edge vote, 51.9% of Britons

By Hadas Gold, CNN (CNN) — Within days of its release, Anthropic’s most sophisticated public AI model was abruptly yanked from customers. The Trump administration called the model a national security risk after being notified of a jailbreak, or a way to get around its internal guardrails. It put an export ban on the model,

By Allison Morrow, CNN New York (CNN) — Long before the founders of Kalshi and Polymarket were even born, a handful of economists were getting amped about a novel approach to dealing with one of humanity’s more egregious shortcomings: We’re bad at predicting the future. Maybe, the thinking went, the free market could help. (This

By Chris Isidore, CNN (CNN) — Even before Iran announced Saturday that the Strait of Hormuz was again closed, ship operators had pulled back on sailings through the critical channel. Twenty-five ships traveled through the critical channel on Thursday, according to data from marine intelligence firm Kpler. However, lead oil analyst Matt Smith told CNN

By Elisabeth Buchwald, CNN (CNN) — For generations, Americans have viewed hard work, education and career advancement as the primary paths to getting ahead. But with the ever-growing cost of living, more Americans may be finding that the traditional formula is no longer enough. To bridge the gap, they are looking to their parents and

By John Towfighi, CNN New York (CNN) — The agreement to re-open the Strait of Hormuz has been met with swift relief in markets. But some traders worry the rally in stocks and drop in oil prices might be overdone. WTI, the US oil benchmark, settled at $76.60 a barrel Thursday, down almost 10% on

By Matt Egan, CNN Washington (CNN) — The diplomatic breakthrough between Washington and Tehran is a potential gamechanger for Iran’s war-battered economy, former Trump energy secretary Dan Brouillette told CNN in an exclusive interview. The 14-point framework agreement, signed by President Donald Trump this week, delivers an immediate lifeline to Iran by allowing the OPEC

By David Goldman, CNN (CNN) — The good news: The Strait of Hormuz is open again, after Iran and the United States signed a memorandum of understanding this week. The bad news: It may be too late. Oil hasn’t been coming out of the Middle East for nearly four months. All told, the world lost

By Samantha Delouya, CNN (CNN) — Americans shopping for a home caught a break this week when mortgage rates edged lower. The average 30-year fixed mortgage rate fell to 6.47% this week, down from 6.52% last week, which was near the year’s high, according to data released Thursday by Freddie Mac. But the reprieve may

By Jordan Valinsky, CNN New York (CNN) — President Donald Trump said Thursday that Intel has struck a deal with Apple to start producing computer chips in the United States. “I decided to help Intel because we need to design and build our Chips right here in America,” Trump wrote in a social media post

By Chris Isidore, CNN (CNN) — American gas stations are now charging less than $4 for a gallon of regular gas, dropping below that benchmark for the first time since March 30. The US national average dropped to $3.999 per gallon on Thursday, according to AAA, down nearly 3 cents from the day before. Indiana

By Jeanne Sahadi, CNN (CNN) — The Federal Reserve may have a new chairman in Kevin Warsh, but it still has to balance its old dual mandate: Lower rates to boost the economy when the labor market is struggling, or raise rates to cool economic activity when inflation is considered too high. Well, the job