Biz/Tech

By Elisabeth Buchwald, CNN (CNN) — US inflation at the wholesale level accelerated last month, as the war with Iran pushed up energy prices.The Producer Price Index, which tracks price changes received by US producers and manufacturers, increased 5.4% in the 12 months that ended in August. That was a 0.6% acceleration from 4.8% in

By Allison Morrow, CNN If you find yourself getting lost (or bored) by bond market news, we hear you. No one is born understanding what a yield curve is, and even financial experts sometimes struggle to articulate the goings-on of the cryptic $160 trillion market.But when this normally sleepy corner of Wall Street starts rumbling,

By Jordan Valinsky, CNN New York (CNN) — Omaha Steaks, the pioneering meat delivery company, has been around for over a century. But if it wants to survive amid record-high beef prices, the company has to become speedier, leaner and offer cheaper cuts.That’s the direction CEO Nate Rempe is taking the 109-year-old company, with an

By Elisabeth Buchwald, CNN (CNN) — What do pony fur, sequins, golf carts, bamboo furniture and mezcal have in common? Until Tuesday evening, not much. Now they’re among what could soon be unlikely casualties of President Donald Trump’s intensifying trade war with Canada.The Trump administration added those items, among dozens of others, to a list

By Lisa Eadicicco, CNN Cupertino, CA (CNN) — The iPhone is getting the biggest change in its nearly 20-year history: a screen that can bend in half.Apple on Wednesday announced the iPhone Duo, the company’s first foldable smartphone, signaling a major revamp of its most important product. Based on my limited time using the phone,

By Brian Stelter, CNN (CNN) — Most days there are only two kinds of news about newspapers: Bad and worse.But in Washington, DC, there’s something unexpected happening: A new-age version of an old-school newspaper war, with feisty competition between two formidable newsrooms, the entrenched Washington Post and the upstart Washington Sun.This being 2026, these “newspapers”

By John Towfighi, CNN New York (CNN) — US bond yields rose Wednesday to their highest levels in almost three years after the Treasury Department said it would buy back up to $6 billion of government bonds, giving investors more insight into the size of the operation first announced last month.The 10-year US Treasury yield

By Samantha Delouya, CNN (CNN) — For the past few years, the math of buying a home in the United States has been tough: low inventory, high mortgage rates and record-high prices have made homeownership increasingly expensive.Earlier this year, there was hope that the housing affordability picture might finally be improving. Mortgage rates briefly fell

By Hadas Gold, Martin Goillandeau, David Goldman, CNN (CNN) — “The people building AI earnestly believe that it could kill us all by the end of the decade.”That blunt admission from former Anthropic employee Jacob Coxon made waves Tuesday, as the just-quit 27-year-old AI researcher spilled the beans on his way out the door in

By Karina Tsui, CNN (CNN) — OpenAI on Tuesday said its artificial intelligence technology has cracked one of the Millennium Problems –– seven famously difficult and unsolved questions in mathematics that have stumped even the world’s brightest minds.In a release of its findings, the company said an internal model, not released to the public, solved

By John Towfighi, Matt Egan, CNN New York (CNN) — Global oil prices are back above $100 per barrel as fighting in the Middle East raises concerns about prolonged disruptions to oil supply.Brent crude, the global oil benchmark, rose 3.36% Wednesday and settled at $101.21 per barrel. It was Brent’s first time hitting $100 per

By John Liu, CNN (CNN) — Singapore’s ministers are already among the world’s highest-paid politicians, with Prime Minister Lawrence Wong earning more than four times US President Donald Trump’s annual government salary.Now, Wong has been given a $1 million pay bump, with the wealthy city-state giving a big boost to ministers’ salaries for the first

By Ramishah Maruf, CNN New York (CNN) — The Trump administration on Tuesday expressed “profound concern” to carmaker Ford about its alleged ties to Chinese technology and manufacturing.In a letter to Ford CEO Jim Farley, Transportation Secretary Sean Duffy cited Ford’s links to Chinese companies such as battery manufacturer CATL and concerns over the Detroit

By Brian Stelter, CNN (CNN) — Fox News is “suppressing MAGA news” and enforcing a “shadow ban” of some of President Donald Trump’s surrogates, White House trade adviser Peter Navarro charged in an audacious op-ed on Tuesday.Navarro also defended Maria Bartiromo, the longtime Fox host and Trump friend the network ousted last week. And he

By Matt Egan, CNN New York (CNN) — The Iran war has saddled Americans with a massive energy bill that continues to mount as the conflict drags on.US consumers are paying an extra $100.9 billion on gasoline and diesel alone since the war started at the end of February, according to a cost tracker published

By Jordan Valinsky, CNN New York (CNN) — When incoming Lululemon CEO Heidi O’Neill starts her new job on Tuesday, she will have a lot of heavy lifting to do.Last week, the struggling athleisure brand reported another dismal earnings report, posting a 12% drop in sales in North America and slashing its full-year outlook for

By Michelle Velez, CNN (CNN) — Brazilian oil production and exports have hit record highs this year, largely due to increased demand from China as the US-Iran war continues to reshape global trade and geopolitical relationships.The change highlights a global race for alternative energy sources as Middle East conflict slows oil from the region –

By Elisabeth Buchwald, CNN New York (CNN) — The trade war between the United States and Canada has entered a new chapter — and it’s getting uglier by the hour.Early Tuesday morning, Canada made good on its promise to impose tariffs on $20 billion worth of American goods in retaliation for the Canadian goods President

CNN By Elisabeth Buchwald, CNN New York (CNN) — The trade war between the United States and Canada has entered a new chapter — and it’s getting uglier by the hour. Early Tuesday morning, Canada made good on its promise to impose tariffs on $20 billion worth of American goods in retaliation for the Canadian

By Auzinea Bacon, CNN (CNN) — Hunter Biden’s laptop could be about to take on a new, more profitable meaning.The Wall Street Journal first reported Monday morning that Biden, who is the son of former president Joe Biden, was launching his own cryptocurrency. Shortly after, Biden posted “$LAPTOP” with a date of September 9th on

By Hanna Ziady, CNN London (CNN) — A Volkswagen car plant in northwestern Germany is to be converted to defense production, the company said Monday, as Europe’s biggest economy ramps up military spending amid a continent-wide push to rearm.Volkswagen said in a statement that it had agreed to sell its Osnabrück car plant to the

By Ramishah Maruf, CNN New York (CNN) — The pumpkin spice latte might just be too basic.McDonald’s announced last week that the drink won’t be on its fall menu for the first time in a decade. Instead, it’s replacing the classic autumn beverage with another seasonal flavor.“Caramel Apple Pie is the only fall coffee flavor

By Lisa Eadicicco, CNN (CNN) — When Apple holds its annual iPhone event on September 9, it’ll be the first time in more than a decade that Tim Cook won’t introduce the company’s latest products.Instead, John Ternus will debut as Apple’s new chief executive during the company’s most important event of the year.Expectations are high.

By Rachel Siegel, CNN (CNN) — Canada said it had been attacked. The US said it had been ripped off for years.And on the exact border between the two, Louis Patenaude had boxes to sort. In the throes of a heated trade war, Half-Way House Freight Forwarding was still open.Patenaude’s business is a simple one,

By Samantha Delouya, CNN (CNN) — When Patrice De La Ossa’s son was accepted to her alma mater, the University of Arizona, she wanted to give him something she hadn’t had herself: a college degree without student loans. So, she sold her home in Phoenix and moved to Tucson with him, closer to campus, to

By Liam Reilly, CNN (CNN) — A federal judge on Friday ruled that the Pentagon can fire three Stars and Stripes journalists, the latest in a series of blows to press freedoms in the military as the agency has sought to undo the newspaper’s editorial independence.US District Judge Trevor McFadden denied temporary restraining order requests

By Brian Stelter, CNN (CNN) — President Donald Trump and Fox News have a mostly mutually beneficial relationship. But every so often, their interests diverge, and Maria Bartiromo is a prime example.Fox took Bartiromo off the air after she leaked internal network guidance to the Trump White House, a source familiar with the matter told