CNN – Business/Consumer

By Chris Isidore, CNN (CNN) — President Donald Trump is blaming his predecessor, Joe Biden, for the affordability concerns that are roiling the US economy – and politics. Many voters, meanwhile, are blaming Trump for their financial woes. Both sides might be wrong. Biden and Trump both made policy decisions that affected consumer costs, such

By Ana Nicolaci da Costa, Olesya Dmitracova, CNN London (CNN) — Shortly after beginning his second term in January, US President Donald Trump launched a chaotic trade war, raising tariffs on scores of countries, then changing some and agreeing to a number of tentative trade deals. The average US import tax is now at its

By Brian Stelter, CNN (CNN) — President Donald Trump inserted himself directly into the battle for control of Warner Bros. Discovery on Wednesday, saying, “It’s imperative that CNN be sold,” while deriding the network’s news coverage. Trump’s comments during a White House roundtable indicated that he favors Paramount’s hostile takeover bid for Warner Bros. Discovery,

By Jeanne Sahadi, CNN (CNN) — Thanks to its latest decision on Wednesday – its final one for 2025 – the Federal Reserve has now reduced its key overnight lending rate by 1.75 percentage points since it began its rate-cutting cycle in September 2024. Since the Fed funds rate affects a ton of consumer lending

By Chris Isidore, Jackie Wattles, CNN (CNN) — Elon Musk, already the world’s richest man, could soon be much richer. Bloomberg reports he’s planning one of the largest initial public offerings in history for SpaceX. Musk’s space company plans to raise $30 billion next year, Bloomberg reported, and an IPO could value the company at

By Jordan Valinsky, CNN New York (CNN) — Online grocery delivery service Instacart used AI to charge different prices for the same item, up to 20% more for different shoppers, a new report says. An investigation from Consumer Reports and Groundwork Collaborative revealed Tuesday that Instacart displayed different prices on the same household staples sold

By Elisabeth Buchwald, CNN (CNN) — Paramount and Netflix are in a vicious tug-of-war over Warner Bros. Discovery. On one side of the rope: the suitor WBD’s board signed off on, Netflix, which announced a $72 billion deal last week. On the other side, the suitor the board turned down, Paramount, which is resorting to

By Hadas Gold, CNN (CNN) — A new pro-AI network of political action committees is releasing its first candidate ads in the 2026 midterms, as the debate around artificial intelligence ramps up ahead of the elections. The ads from Leading the Future, a pro-AI bipartisan network of associated PACs, focus on congressional races in Texas

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve on Wednesday lowered interest rates again in a continued effort to keep the labor market intact, despite objections from several key Fed officials who believe the central bank should be prioritizing the higher cost of living instead. However, it may be the last rate cut

CNN By Matt Egan, CNN New York (CNN) — A new problem is threatening to worsen the affordability squeeze this winter: Natural gas prices have raced back up just as extreme cold forces Americans to crank up the heat. President Donald Trump has said he’s focused on lowering energy prices. And the most visible energy

By Matt Egan, CNN New York (CNN) — A new problem is threatening to worsen the affordability squeeze this winter: Natural gas prices have raced back up just as extreme cold forces Americans to crank up the heat. President Donald Trump has said he’s focused on lowering energy prices. And the most visible energy price

By Brian Stelter, CNN (CNN) — The future of Hollywood depends in part on a battle between two Davids: Zaslav, who has agreed to sell Warner Bros. and HBO to Netflix; and Ellison, who has opposed the sale and launched a hostile takeover bid. Now both men are plotting their next steps, while their allies

By Clare Duffy, CNN New York (CNN) — A world-first ban on major social media platforms for children under the age of 16 goes into effect in Australia on Wednesday. And regulators, parents and teenagers around the globe are watching closely to see how it plays out. The law comes after years of concerns that

By Clare Duffy, CNN New York (CNN) — Nearly a third of US teenagers say they use AI chatbots daily, a new study finds, shedding light on how young people are embracing a technology that’s raised critical safety concerns around mental health impacts and exposure to mature content for kids. The Pew Research Center study,

By Alicia Wallace, CNN (CNN) — In a K-shaped economy where the “have-nots” are increasingly falling behind the “haves,” the labor market is trending toward a similar fate. Job opportunities didn’t shrink as feared in October as holiday staffing needs lifted openings to a five-month high, new shutdown-delayed data showed Tuesday. However, the latest official

By Jordan Valinsky, CNN New York (CNN) — Black currant’s origins are in Europe and central Asia, but spice maker McCormick predicts the tart berry will soon be big in American dishes and drinks. McCormick has named black currant as its 2026 “Flavor of the Year,” part of its annual report on dining trends that

By Chris Isidore, CNN (CNN) — August Code works at the first ever Starbucks location to unionize in 2021. But four years after that vote, he and his co-workers in Buffalo, New York, are still waiting on their union contract. “I would have imagined we would have seen a contract a long time ago,” Code

By John Towfighi, CNN New York (CNN) — Just a few weeks ago, the stock market stumbled over fears that artificial intelligence stocks might be in a bubble. Now stocks are back within reach of a record high. Thank the Federal Reserve. The market has rebounded from a dip in early November as investors have

CNN, POOL, SENATE TV, SEE PREFONTS By John Towfighi, CNN New York (CNN) — Just a few weeks ago, the stock market stumbled over fears that artificial intelligence stocks might be in a bubble. Now stocks are back within reach of a record high. Thank the Federal Reserve. The market has rebounded from a dip

By Jeanne Sahadi, CNN (CNN) — Large US companies have made progress – albeit slowly – over the past decade when it comes to increasing the number of women in management and leadership roles on every rung of the corporate ladder. But reported changes in company priorities this year coupled with employees’ reported experiences suggest

By David Goldman, CNN (CNN) — President Donald Trump on Monday said Mexico was treating America’s farmers unfairly, and he threatened the country with his favorite economic weapon: Higher tariffs. Trump said in a Truth Social post that Mexico is violating its water treaty with the United States, hurting Texas farmers’ ability to nourish their

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump on Monday announced he’s removing export controls on Nvidia’s H200 chips to China, a key reversal in what’s become part of a broader trade war between the world’s two biggest economies. H200s – the second most-powerful AI chip in Nvidia’s inventory – are vital for completing

By Clare Duffy, CNN New York (CNN) — ICEBlock app creator Joshua Aaron is suing the Trump administration, accusing it of abusing government power and infringing on his free speech by pushing Apple to remove ICEBlock from its app store. Aaron argues that ICEBlock — which was designed to allow users to alert others nearby

By Lisa Eadicicco, CNN (CNN) — How often do you reach for your phone to get directions, answer a video call or Google something? Probably more times than you can count. Google wants to change that, and it’s not alone. The search giant is part of a growing cohort of tech companies betting big on

By Elisabeth Buchwald, CNN New York (CNN) — Paramount Skydance on Monday launched a hostile takeover bid for Warner Bros. Discovery, moving directly to appeal to shareholders with an all-cash offer that it says represents better value than the $72 billion deal Netflix and WBD announced Friday. A hostile takeover occurs when a company makes

CNN By David Goldman, CNN (CNN) — Paramount has gone straight to Warner Bros. Discovery’s shareholders with an all-cash offer in an extraordinary endeavor to gain control of Hollywood’s most sought-after prize – a bid that Netflix beat on Friday. Paramount was widely expected to be the frontrunner for Warner Bros. But WBD opted instead

By Clare Duffy, CNN New York (CNN) — President Donald Trump confirmed on Monday he plans to sign an executive order preempting artificial intelligence regulations at the state level with his more hands-off federal policy. “There must be only One Rulebook if we are going to continue to lead in AI,” Trump said in a

By David Goldman, CNN (CNN) — Paramount has gone straight to Warner Bros. Discovery’s shareholders with an all-cash offer in an extraordinary endeavor to gain control of Hollywood’s most sought-after prize – a bid that Netflix beat on Friday. Paramount was widely expected to be the frontrunner for Warner Bros. But WBD opted instead for

By Jordan Valinsky, CNN New York (CNN) — A number of changes were announced Monday in the leadership ranks of Warren Buffett’s Berkshire Hathaway as the 95-year-old gets ready to end his tenure. In a letter, Buffett said that Todd Combs – head of Geico, the insurance company owned by Berkshire Hathaway – is leaving