CNN – Business/Consumer

By Matt Egan, CNN (CNN) — Economist and former Treasury Secretary Larry Summers announced plans on Wednesday to retire from his professorship at Harvard University at the end of the academic year amid scrutiny over his ties to convicted sex offender Jeffrey Epstein. In a statement, Summers described the retirement as a “difficult decision” and

By Clare Duffy, Lisa Eadicicco, CNN (CNN) — Anthropic, a company founded by OpenAI exiles worried about the dangers of AI, is loosening its core safety principle in response to competition. Instead of self-imposed guardrails constraining its development of AI models, Anthropic is adopting a nonbinding safety framework that it says can and will change.

By Samantha Delouya, CNN (CNN) — Roofers are turning down jobs. Painters are locking themselves inside the homes they’re finishing. Concrete crews have monthslong waiting lists. In the Twin Cities and surrounding suburbs, the Trump administration’s immigration crackdown has slowed home construction to a crawl – at a time when Minnesota, like much of the

By Brian Stelter, Jordan Valinsky, CNN New York (CNN) — Paramount has officially raised its offer for Warner Bros. Discovery, CNN’s parent company, to $31 per share, and now the WBD board says it is extending the window for talks with Paramount about a possible deal. In addition to the higher price per share, Paramount

By Hadas Gold, Haley Britzky, CNN (CNN) — Defense Secretary Pete Hegseth gave Anthropic CEO Dario Amodei a Friday deadline to comply with demands to peel back safeguards on its AI model or risk losing a Pentagon contract. He also threatened to put the AI company on what could amount to a government blacklist. At

By Matt Egan, CNN New York (CNN) — Former US Senator Bob Kerrey has resigned from the board of directors of a Nebraska clean-energy startup amid controversy over his ties to convicted sex offender Jeffrey Epstein. Kerrey, a Democrat who also served as Nebraska’s governor in the 1980s, joins a growing list of business leaders

By Chris Isidore, CNN (CNN) — Spirit Airlines, which had been in danger of going out of business due to ongoing losses and two bankruptcy filings, has reached a deal that will allow it to survive, albeit as a smaller company. The budget airline announced Tuesday that it made an agreement with creditors that will

By Matt Egan, Priscilla Alvarez, CNN (CNN) — The Trump administration is weighing a new requirement for US banks to verify citizenship information of current and future customers as part of the president’s aggressive immigration crackdown, sources told CNN. The potential action, which one source said could take the form of an executive order, has

By Hadas Gold, CNN New York (CNN) — Just weeks after its new AI tools for the office shook software stocks, Anthropic is pushing even deeper into the workplace. The company is updating its Claude AI helper to perform better at tasks for specific jobs, such as design, human resources and wealth management roles, while

By Chris Isidore, CNN (CNN) — JPMorgan Chase CEO Jamie Dimon warned Monday that current financial conditions and banks doing “dumb things” like taking on risky loans could lead to a market meltdown similar to the one before the 2008 financial crisis. “There will be a cycle one day,” he said, “I don’t know what

By Jeanne Sahadi, CNN (CNN) — The surge of federal immigration agents in Minnesota over the past few months left many people not only traumatized but financially hard up. People lost income because they were too afraid to go to work or their breadwinner was taken by agents of US Immigration and Customs Enforcement or

By Elisabeth Buchwald, CNN (CNN) — The government is on the hook to refund $134 billion – and counting – worth of tariff revenue collected from President Donald Trump’s most sweeping tariffs, which were rendered illegal by the Supreme Court last week. How much of that will consumers, who paid for steep tariffs via higher

By John Liu, CNN (CNN) — United States artificial intelligence firm Anthropic is accusing three prominent Chinese AI labs of illegally extracting capabilities from its Claude model to advance their own, claiming it raises national security concerns. The Chinese unicorns – DeepSeek, Minimax and Moonshot AI – created over 24,000 fraudulent accounts and trained their

By Ramishah Maruf, Liam Reilly, CNN New York (CNN) — Celebrity doctor Peter Attia has resigned from his new contributor position at CBS News following new revelations about his relationship with Jeffrey Epstein. “Dr. Attia’s contributor role was newly established and had not yet meaningfully begun,” a spokesperson for Attia said in a statement. “As

By Clare Duffy, CNN New York (CNN) — Meta executives testified in a Los Angeles courtroom earlier this month that while use of the company’s platforms could become problematic, it couldn’t be considered addiction. But inside the company, researchers have sought to study whether certain Facebook features could contribute to “addiction” or “addictive’-like” behaviors among

By Alicia Wallace, CNN (CNN) — During the past year, President Donald Trump has imposed sweeping and steep tariffs on most imported goods with the intent to reduce trade deficits and bolster US-based manufacturing. The near-term effects have been monumental both in and outside of the United States by reshaping global trade, raising the effective

By John Towfighi, CNN New York (CNN) — Stocks fell, gold moved higher and volatility picked up Monday as uncertainty about President Donald Trump’s new proposed tariffs and nerves about artificial intelligence weighed on Wall Street. The Dow closed lower by 823 points, or 1.66%, and posted its worst day in one month. The broader

By Julian Torres, CNN New York (CNN) — With the Trump administration effectively dismantling automotive emissions regulations, cars on dealership lots could see some changes. Your next car could be bigger, with fewer fully electric options – but it also might be a hybrid. The repeal of the Environmental Protection Agency’s 2009 endangerment finding effectively

By Auzinea Bacon, CNN (CNN) — President Donald Trump said on Saturday that he will increase the global tariffs he imposed a day earlier to 15% from 10% following an adverse ruling at the Supreme Court. The court on Friday ruled that Trump exceeded his authority with the way he imposed tariffs on trading partners

By Matt Egan, CNN (CNN) — Jeffrey Epstein is once again haunting one of the most powerful firms on Wall Street: Apollo Global Management. Five years after the Epstein scandal forced billionaire Leon Black to step down as Apollo’s CEO, the recent release of millions of documents related to Epstein show Black’s replacement, current CEO

By Elisabeth Buchwald, CNN (CNN) — When President Donald Trump announced plans to raise the nation’s effective tariff rate to levels not seen since 1930 last year, most CEOs were silent. They’d seen how opposing the president’s ambitions – let alone his signature economic policy – could prove even more costly than the policies he

By Matt Egan, David Goldman, CNN (CNN) — Now that the Supreme Court has taken away a significant chunk of President Donald Trump’s tariff-wielding authority, what does that mean for your prices? “Nothing,” said Stephanie Roth, chief economist at Wolfe Research. That’s because Trump has other tariff levers to pull. The Supreme Court noted other

By Jordan Valinsky, CNN New York (CNN) — Attention, Topo Chico fans: Brace yourself for a possible shortage that could stretch into the summer. Coca-Cola, which owns the carbonated mineral water brand, said the flagship product sold in glass bottles is “temporarily unavailable” in the United States because of “facility upgrades at the water source

By Elisabeth Buchwald, CNN (CNN) — The battle is just starting for the 300,000 businesses that want $134 billion in tariffs refunded. As it turns out, convincing six Supreme Court justices that President Donald Trump overstepped his authority in imposing sweeping tariffs relying on emergency economic powers was the easy part. The hard part: Getting

By Bryan Mena, Alicia Wallace, CNN Washington (CNN) — The US economy grew at a much slower pace in the final months of 2025 as the historic government shutdown weighed on economic activity, ending a year that saw the weakest growth since the pandemic. Still, it was far from the worst-case scenario economists feared when

By Vanessa Yurkevich, CNN New York (CNN) — Egg prices have been plummeting. That’s great news for American shoppers, but bad news for American farmers. The average price of a dozen eggs at the grocery store is $2.58, according to the Bureau of Labor Statistics. That’s about half of what many consumers were paying a

By John Towfighi, CNN (CNN) — JPMorgan Chase on Thursday hit back at President Donald Trump’s debanking lawsuit against the company and CEO Jamie Dimon, filing to move the case from Florida state court to federal court and arguing the president’s initial lawsuit “fraudulently” included Dimon. JPMorgan Chase lawyers wrote in a notice, first reported

By Ramishah Maruf, Clare Duffy, CNN New York (CNN) — The West Virginia attorney general’s office sued Apple on Thursday, claiming the tech giant allowed child sexual abuse materials (CSAM) to be stored and distributed on its iCloud service. The lawsuit claims that Apple prioritized user privacy over child safety for years. The company has

By John Towfighi, CNN (CNN) — Oil prices jumped Thursday to their highest level in nearly seven months and investors snapped up safe havens like gold, as tensions between the United States and Iran continue to flare. Brent crude, the global benchmark, rose 1.86%, to $71.66 per barrel. US crude rose 1.9%, to $66.43 per

By Nathaniel Meyersohn, CNN New York (CNN) — Amazon has surpassed Walmart as the world’s largest company, measured by sales, breaking Walmart’s 13-year streak at the top of the list. Amazon posted $717 billion in sales in 2025. Walmart, the largest company in the world for more than a decade, recorded $713 billion in sales