CNN – Business/Consumer

By Lisa Eadicicco, CNN (CNN) — When Tim Cook became Apple’s CEO in August 2011, he had big shoes to fill. His predecessor, Steve Jobs, was widely considered one of the world’s greatest innovators.Now, 15 years later, Cook has catapulted the company to stratospheric heights by forging his own path. His successor, hardware engineering chief

By John Liu, CNN Hong Kong (CNN) — Shein was the ultimate disruptor in fashion. By turning online trends into $11 jeans or $3 crop tops in a matter of days, the ultrafast fashion retailer overtook established companies such as Zara and H&M, prompting it to eye an initial public offering that would value the

By Hadas Gold, CNN It was a big announcement for a tiny part of the Commerce Department.On May 5, the Center for AI Standards said it got early access to three of the country’s most powerful AI models before their public release. It could poke and prod and size up just how big of a

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump is trying to make your hamburger cheaper, but his plan may not put much of a dent at the supermarket register.Last week, Trump signed an executive proclamation allowing 300,000 metric tons of beef to enter the US duty-free for 90 days starting on September 1. The

By Marshall Cohen, CNN (CNN) — A federal appeals court ruled Friday that states can regulate prediction markets like gambling, dealing a major blow to the booming industry.There are still related lawsuits pending across the country, and legal experts believe the matter will ultimately be settled by the Supreme Court. But Friday’s ruling from the

CNN By Marshall Cohen, CNN Washington (CNN) — Young adults between 18 and 21, who are legally barred from most gambling in the US, have traded an estimated $5.4 billion so far this year on the Kalshi prediction market, according to a new CNN analysis. On prediction sites, which have exploded in popularity this year,

By Marshall Cohen, CNN Washington (CNN) — Young adults between 18 and 21, who are legally barred from most gambling in the US, have traded an estimated $5.4 billion so far this year on the Kalshi prediction market, according to a new CNN analysis.On prediction sites, which have exploded in popularity this year, users can

By Bryan Mena, CNN Washington (CNN) — Inflation is the Federal Reserve’s biggest problem, but investors are going to have to figure out for themselves when officials will step in, Chairman Kevin Warsh said Friday in remarks prepared for his speech at Jackson Hole, Wyoming.The US economy is at “full employment,” Warsh said in the

By Hadas Gold, CNN (CNN) — A federal judge ruled the Pentagon’s decision to label AI company Anthropic a ‘supply chain risk’ violated the law and ordered the designation be removed Thursday evening.Judge Rita Lin wrote that while the military should have wide latitude to decide which companies to work with, its actions against Anthropic

By Liam Reilly, CNN (CNN) — Three staffers at Stars and Stripes, the military publication, sued the Pentagon and top officials on Thursday. The trio, including the outlet’s editor-in-chief, claimed they were illegally pushed out over personal statements protected under the First Amendment.The Pentagon last week fired Erik Slavin, the outlet’s editor-in-chief, Max Lederer, its

By Brian Stelter, CNN (CNN) — Outgoing White House press secretary Karoline Leavitt has been invited to visit ABC’s “The View” as a guest.The no-brainer booking move was immediately sensationalized by the Daily Mail this way: “Karoline Leavitt in secret talks to join TV’s most controversial show.”Technically that’s true — a guest invite has been

By John Towfighi, CNN New York (CNN) — Big Tech, once the market leader, is being overshadowed by gains from the new stars of the artificial intelligence boom: semiconductor chipmakers.Nvidia shares (NVDA) climbed almost 9% Thursday after strong earnings in which the chipmaker not only doubled its sales from a year ago, but also reassured

By Clare Duffy, CNN New York (CNN) — Meta on Wednesday agreed to make sweeping changes to its platforms as part of an $18 billion settlement with dozens of states over claims its platforms contributed to a youth mental health crisis.Regulators and online safety advocates called it a watershed moment, and both Meta and state

By Rachel Siegel, CNN (CNN) — First came “9 to 5.” Then came the business empire, rooted in the place Dolly Parton called home.Parton, who died Tuesday, was instantly memorialized for her country music fame, glitzy glam and humanitarian touch. At The Old Mill Restaurant in East Tennessee, Tim Fulton was in his office, trying

By Clare Duffy, Ramishah Maruf, John Towfighi, CNN New York (CNN) — Nvidia’s earnings beat expectations and its revenue doubled from a year ago, but it was the potential for future growth that excited investors.The chipmaker has seen soaring revenue sitting at the head of the AI boom. The company earned $96.2 billion in the

By Lisa Eadicicco, CNN (CNN) — Apple’s new CEO is about to have his first big moment in the spotlight.The tech giant announced it will hold an event on September 9, when it’s expected to reveal the biggest-ever change to its smartphone lineup: the first foldable iPhone. It’s the company’s first major product launch under

By Chris Isidore, CNN (CNN) — Microsoft co-founder Bill Gates argued on Wednesday that artificial intelligence needs significant limits or else the harm to humans will outweigh any potential good.“AI will either be the greatest equalizer ever invented, or the worst source of injustice,” he said in a 6,000-word essay, entitled “The turbulent AI era

By Clare Duffy, CNN New York (CNN) — Meta said Wednesday it has agreed to pay about $18 billion as part of a settlement to resolve a multistate lawsuit claiming that it intentionally designed addictive platforms that harmed young people’s mental health.The settlement ends a landmark legal battle for the social media giant.As part of

By Clare Duffy, CNN New York (CNN) — Many Americans feel growing unease about the proliferation of cameras — in people’s hands, on homes and businesses, in public spaces for police use — that seem to be capturing our every move, sparking backlash, protests and users ditching or destroying devices.Now Ring, one of the largest

By Alicia Wallace, CNN (CNN) — US consumers reined in their spending in July as inflation remained stubbornly high, new Commerce Department data showed Wednesday.Consumer spending, when adjusted for inflation, was flat from the month prior, a sharp slowdown from a 0.4% gain in June, according to the report.The Personal Consumption Expenditures price index –

By John Towfighi, CNN New York (CNN) — Never doubt the power of the $30 trillion US Treasury market. It was robust enough to push back on the Treasury Department’s recent intervention while captivating Wall Street. Now investors are wondering whether the bond market’s unease is strong enough to disturb a booming stock market.Bond yields

By Matt Egan, CNN Iran’s status as an economic outcast is nothing new. It’s been a pariah in the eyes of much of the world for literally decades.Over the years, the United States has slapped Iran with countless sanctions targeting its banking system, shipping companies, oil industry and military.That’s why Operation Economic Outcast, the highly-anticipated

By Chris Isidore, CNN (CNN) — It’s still August. Temperatures are in the 90s for much of the country. Labor Day, America’s unofficial end of summer, is nearly two weeks away. In many regions of the country school has yet to start.But Starbucks wants you to think fall.On Tuesday, the chain rolled out its seasonal

By Jordan Valinsky, CNN New York (CNN) — After successfully remaking the Whopper, Burger King is now shifting its focus from patties to poultry.Beginning September 1, new chicken nuggets will arrive on US menus as part of Burger King’s multiyear plan to improve its food and sales using consumer feedback as a guide.So far, the

By Elisabeth Buchwald, CNN (CNN) — On September 8, Canada is set to enact tariffs ranging from 15% to 50% on over 700 American goods in an effort to match US tariffs dollar for dollar, Canadian officials announced on Tuesday.Notably, Canada is doubling its duties on US steel and aluminum to 50%, in line with

By Ramishah Maruf, CNN New York (CNN) — US Treasury Secretary Scott Bessent on Monday vowed an “economic D-Day” for countries that buy oil from Iran. Experts say that means one country in particular: China.Bessent didn’t name China on Monday, but he left little room for doubt.“We find that the best way to engage with

By Matt Egan, CNN New York (CNN) — Kelly Klein graduated from college with $100,000 in student loans that she feared would haunt her forever.“I expected I’d never pay off my student debt,” said Klein, who is 31 years old.But flash forward 10 years and Klein is now debt-free, her retirement account is flush and

By Lex Harvey, CNN (CNN) — As a trade war between the United States and Canada looms following the collapse of talks last week, a key issue has emerged that’s further inflamed tensions between the longtime allies: French language laws.Canada is a bilingual country and has laws protecting both of its official languages: English and

By Chris Isidore, CNN (CNN) — President Donald Trump’s threat of 50% auto tariffs on all imports from Canada is just the latest action to rattle an industry that’s endured shifting trade rules since he returned to office.Trump issued the auto tariff plans early Monday, just as trade tensions between the two neighbors ratcheted up.

By Hadas Gold, CNN (CNN) — Alabama’s attorney general on Monday subpoenaed OpenAI for more information related to its AI agents autonomously hacking into another company’s servers in July.The subpoena is part of an investigation into whether OpenAI’s practices “violated Alabama’s consumer protection laws” and pose a risk to Alabama citizens, the attorney general’s office