CNN – Business/Consumer

By Hanna Ziady, CNN London (CNN) — The United States and China have agreed to slash tariffs on $60 billion worth of goods, deepening efforts to stabilize a frequently testy relationship.The tariff relief extends to an array of products, from US coal and agricultural products to made-in-China toys, car seats and holiday decorations.The announcement from

By Lisa Eadicicco, CNN (CNN) — Meta wants its new Muse AI agent to be the gateway to users’ digital lives. But that all depends on whether popular apps and services are willing to give it the keys.Agents go a step beyond how most people have used AI up to this point. Instead of simply

By David Goldman, CNN (CNN) — The US economy may have a new problem: It’s too strong.America’s cost-of-living concerns and a bond market meltdown aren’t functions of a sputtering economy that’s running out of gas. Quite the opposite.Prices and interest rates are rising too quickly for comfort for three primary reasons: the global energy shock

By Chris Isidore, Tami Luhby, CNN (CNN) — John Yeley has spent the last 26 years working on his farm, which his family has owned since 1852.Yeley is the seventh generation to run his farm in Illinois, just over the state line from Indiana. Although he plans to keep doing so, he’s not sure he

By Nathaniel Meyersohn, CNN New York (CNN) — Matthew Clayton is good at computers, so he gets assigned a dreaded task by his family members: helping them schedule their DMV appointments online in North Carolina.North Carolina’s Division of Motor Vehicles has long been considered among the worst of the worst. “It’s as broken as everyone

By Elisabeth Buchwald, CNN (CNN) — Attention, protein maxers: One of your highly coveted ingredients is taking center stage in the escalating trade war between the United States and Canada.Whey, the workhorse ingredient behind protein powders and a growing universe of high-protein foods, is getting caught in the crossfire.Canada imposed 50% tariffs on American whey,

By Auzinea Bacon, CNN (CNN) — OpenAI said Friday that some of its AI agents went rogue and probed US government websites this summer — the latest revelation of the artificial intelligence company’s technology.The New York Times first reported that the AI agents went rogue and attempted to gain access to the Education Department, the

By Jordan Valinsky, CNN New York (CNN) — As the alcohol industry deals with a dreary environment in the US, Aperol’s parent company hopes a brightly colored aperitif imported from Italy will entice drinkers.Campari Group is making its biggest investment ever for the US launch of Sarti Rosa, a tropical pink-colored aperitivo liqueur made for

By Clare Duffy, Hadas Gold, CNN New York (CNN) — The Department of Defense can blacklist Anthropic’s artificial intelligence technology, a federal appeals court ruled on Friday. The decision is a blow to Anthropic after it won a separate challenge in a California court in August that partially invalidated the Trump administration’s label.The Trump administration

By John Towfighi, CNN New York (CNN) — Bonds had a wild week, with yields around the globe spiking to their highest levels in decades. Bond market volatility increased at its fastest pace in months. That’s making investors concerned that the turbulence could spill into the stock market.The bond market’s “fear gauge,” which tracks expected

By Alicia Wallace, CNN (CNN) — US consumer sentiment fell to its second-lowest level on record in September as high gas prices further soured Americans’ views of the economy.The University of Michigan’s consumer sentiment index for September dipped to 48.1, notching a 7% decline from August and a nearly 13% drop from a year ago,

By Brian Stelter, CNN (CNN) — The major networks in the White House TV pool are resuming coverage of presidential events this morning after pausing for several days after President Donald Trump banned CNN.CNN and other networks showed pool footage on Friday morning of Trump greeting Chinese leader Xi Jinping outside the White House South

By Matt Egan, CNN New York (CNN) — In January 2024, then-presidential candidate Donald Trump blasted the Biden administration for freezing approvals for new plants to export US liquefied natural gas.When he won the election, in part by slamming the Biden-Harris “war on energy,” Trump vowed in his second inaugural address: “We will bring prices

By David Goldman, CNN (CNN) — Ambassador Alan Wolff says President Donald Trump’s novel implementation of America’s tariff law is illegal and runs counter to how Congress intended the presidential power to be used.Wolff would know. He wrote the law.“I have a sense of ownership of the statute,” said Wolff, who served as the Nixon

By Samantha Delouya, CNN (CNN) — As interest rates have stayed elevated for the last few years, a growing share of homebuyers turned to adjustable-rate loans (ARMs). These loans typically offer some breathing room from high rates by providing a lower fixed rate for five, seven, or 10 years before resetting with market rates.With the

By Samantha Delouya, John Towfighi, CNN (CNN) — Mortgage rates reached a grim milestone this week, topping 7% for the first time since January 2025 and reaching their highest level during either of Donald Trump’s presidential terms.The average 30-year fixed mortgage rate climbed to 7.03% this week, up from 6.95% last week, according to data

By Jordan Valinsky, CNN New York (CNN) — Starbucks is closing approximately 250 locations in the coming days as the coffee chain continues to prune its store count during its turnaround efforts.The affected locations didn’t “deliver the experience we want for customers and partners” or aren’t financial viable, the company said in a statement. In

By Jeanne Sahadi, CNN (CNN) — Like many people, you’d probably love to save more to do … well, everything.But life can be busy and expensive – increasingly so. And your list of financial obligations is already long.Still, taking just a little time to focus on where you’re at financially today versus where you’d like

By John Towfighi, CNN New York (CNN) — The US 30-year Treasury yield rose as high as 5.5% Thursday afternoon, its highest level since 2004, extending a recent sell-off that has seen yields climb around the globe.Bond yields jumped this week, surging to fresh highs for this year. Thursday’s action follows a steep bond sell-off

By Matt Egan, CNN New York (CNN) — President Donald Trump says he wants to ban America’s diesel exports, but his former energy secretary tells CNN this is a “bad idea” that will backfire.“It’s one of those ideas that sounds good on the surface, but when you dig into it, it makes very little economic

By Hadas Gold, Clare Duffy, CNN (CNN) — When AI company Hugging Face was hacked by a swarm of rogue OpenAI agents who had escaped their testing environment, the company’s CEO had many things to say.He called it an unprecedented event – “day one for cybersecurity in the age of agents.”But here’s one thing he

By Jordan Valinsky, CNN AnNew York (CNN) — McDonald’s is spending billions of dollars to boost its franchises, an effort to cement its title as the leader in fast food amid growing competition.The chain announced Wednesday that it will invest $8.5 billion by 2036 on a series of initiatives, including remodeling restaurants, retraining their 2

CNN By Hilary Whiteman, Hadas Gold, Max Saltman, CNN Brisbane, Australia (CNN) — An OpenAI agent hacked into an Australian national healthcare database in the first known case of AI hacking a government network, the country’s prime minister said Wednesday. “The AI agent accessed both public and non-public files” of the country’s Medicare statistics database,

By Lisa Eadicicco, CNN (CNN) — As concerns over AI’s rapid advancement continue to mount, Meta is pushing forward with new AI devices and agents that it believes will one day be essential to everyday life.Meta CEO Zuckerberg and other executives laid out the company’s vision for AI at the tech giant’s Connect event Wednesday,

By Hilary Whiteman, Hadas Gold, Max Saltman, CNN Brisbane, Australia (CNN) — An OpenAI agent hacked into an Australian national healthcare database in the first known case of AI hacking a government network, the country’s prime minister said Wednesday.“The AI agent accessed both public and non-public files” of the country’s Medicare statistics database, and even

By Clare Duffy, CNN New York (CNN) — YouTube CEO Neal Mohan dismissed the idea of joining Meta’s multistate settlement agreement around child safety, saying the video platform already has measures in place to protect young users.“We have invested in making sure that young people are safe on our platform… for a very long time,”

By Hadas Gold, CNN (CNN) — The leaders of two of the world’s top AI companies are usually fierce rivals. But in front of the UN Security Council on Wednesday, they were in agreement: The AI industry needs international standards and cooperation, or risk global security.OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei spoke

By Brian Stelter, Liam Reilly, CNN (CNN) — An Iowa judge has dismissed President Donald Trump’s lawsuit against pollster J. Ann Selzer, her polling company, the Des Moines Register and Gannett.In a written ruling on Wednesday, Judge Scott Beattie of Iowa’s Fifth Judicial District threw out the lawsuit by Trump, Rep. Mariannette Miller-Meeks and former

By John Towfighi, CNN New York (CNN) — The 10-year US Treasury yield surged Wednesday to reclaim its highest level in nearly two decades after new data depicted strong business activity and intensifying inflation concerns.The 10-year yield surged 15 basis points to 5.11%, a fresh high for this year and the highest level since 2007.The

By Liam Reilly, CNN (CNN) — Disney is again raising prices for several streaming subscription tiers, pushing the cost of its ad-free Disney+ and Hulu plans past $20.Disney+ and Hulu’s Premium standalone plans will rise $2.50 to $21.49 each per month, effective immediately for new subscribers, a source familiar with the matter told CNN. Existing