Biz/Tech

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump threatened on Friday to prevent the US from trading with many nations unless the Federal Reserve lowers interest rates.“LOWER THE RATE OR I’LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT, which the U.S. Supreme Court, in its ridiculous and very costly Tariff decision,

CNN, POOL, CENTCOM By Matt Egan, CNN New York (CNN) — Americans will likely face the highest Labor Day gas prices on record this holiday weekend. It’s another blow to a “drill, baby, drill” president who campaigned on affordable energy. President Donald Trump’s war with Iran isn’t just driving up prices at the gas pump.

By Matt Egan, CNN New York (CNN) — Americans will likely face the highest Labor Day gas prices on record this holiday weekend. It’s another blow to a “drill, baby, drill” president who campaigned on affordable energy.President Donald Trump’s war with Iran isn’t just driving up prices at the gas pump. Diesel, a crucial fuel

By Jeanne Sahadi, CNN (CNN) — Rising bond yields have been causing plenty of consternation among fiscal hawks and investors, with good reason.Higher bond yields make it more expensive for governments, companies and in some cases consumers to borrow. And they’ve been rising amid growing concerns over inflation and other economic and geopolitical issues.So, yeah.

By Alicia Wallace, CNN (CNN) — The US labor market in August roused from its early summer slumber by adding 162,000 jobs, more than double what economists had expected, while the unemployment rate remained at 4.1%, new data from the Bureau of Labor Statistics showed Friday.August’s job gains – which are the strongest since March

By Clare Duffy, CNN Toronto, Canada (CNN) — Geoffrey Hinton, a Nobel Prize-winning computer scientist, took a leap in the 1980s — leaving a well-funded post at Carnegie Mellon University to pursue a little-studied area of machine learning research at the University of Toronto.Four decades later, Hinton and that research paved the way for how

By Chris Isidore, CNN (CNN) — Volkswagen Group announced late Thursday that it plans to eliminate 50,000 jobs and cut half of its vehicle offerings. The German automaker is struggling with headwinds from increasing Chinese competition in Europe and tariff costs on its shipments to the US market.Volkswagen Group said it has also determined that

By Brian Stelter, Liam Reilly, CNN (CNN) — Fox News has parted ways with longtime anchor Maria Bartiromo, one of President Donald Trump’s closest allies at the network.Her ouster came as a shock to many, including the president, who wrote on Truth Social, “I can’t believe Maria Bartiromo is no longer going to have her

By Liam Reilly, CNN (CNN) — An internal review of Dianna Russini’s work by The Athletic published on Thursday found that the former star NFL reporter’s relationship with New England Patriots head coach Mike Vrabel “was in clear violation” of the outlet’s standards. However, the review found “no inaccuracies from Russini in any story involving

By Samantha Delouya, CNN (CNN) — The global sell-off in the bond market is hitting the housing market, with US mortgage rates surging to their highest level of the year. That’s putting fresh pressure on home shoppers and homeowners hoping to refinance.The average 30-year fixed mortgage rate rose to 6.71% this week, according to Freddie

By John Towfighi, CNN (CNN) — The rise in bond yields is a global phenomenon, rooted in investors’ unease over unchecked government spending and intensified by bets that central banks may keep interest rates higher for longer.The US Treasury market gets the attention as the largest and most influential bond market in the world. But

By Clare Duffy, CNN New York (CNN) — Nvidia announced on Thursday that it will buy artificial intelligence startup Hugging Face for $12.9 billion, a massive bet by the chipmaker to expand the reach of open-source AI technology.Hugging Face, a service for hosting and accessing open-source AI models and data sets, has been in the

By Alicia Wallace, CNN (CNN) — The August jobs report is due out on Friday morning, and economists are expecting that employers added 65,000 jobs last month and the unemployment rate inched back up to 4.2%.US employment is likely to rebound after the surprise in July, when the economy unexpectedly lost an estimated 23,000 jobs,

By Chris Isidore, CNN (CNN) — Nothing is more important to Tesla than its ambitious plan for self-driving “robotaxis.” But even as it hosts an event for its Cybercab service Thursday, it still has a long way to catch up to the competition in an industry where few have made any money at all.Tesla has

By Clare Duffy, CNN New York (CNN) — New York City is banning the use of generative artificial intelligence for public school students from 2K through 8th grade, part of a larger move to restrict classroom technology in the nation’s largest school district.The one-year moratorium will affect nearly 600,000 public school students, nearly two-thirds of

By Samantha Delouya, CNN (CNN) — A common mantra among real estate agents and mortgage brokers is “marry the house, date the rate.” Buying a home is a long-term commitment, but your starting mortgage interest rate payment isn’t permanent, they say.Some homeowners who locked in high mortgage rates in recent years may have been counting

By John Towfighi, CNN New York (CNN) — Global bond yields are up sharply in recent weeks and US oil prices are back above $90 per barrel. Now, investors are on alert for potential pressure on the stock market.The 10-year US Treasury yield rose above 4.81% early Wednesday and hit its highest level since October

By David Goldman, CNN (CNN) — Chevron said it would invest $7 billion in its Venezuelan oil projects, expecting to double its current oil production by 2031.It’s a long-expected decision, although the company didn’t arrive at it easily. Despite President Donald Trump’s demands that US oil companies take advantage of his administration’s January ouster of

By Lisa Eadicicco, CNN (CNN) — Ethan Pecora has a team of 15 specialized artificial intelligence agents assisting him with his work. That includes helping to manage his calendar and various tasks related to the mental wellness app he’s building.Also, his schoolwork.Pecora’s setup may sound like that of a tech startup. But he’s actually a

By Allison Morrow, CNN New York (CNN) — Ahead of its June IPO, SpaceX described its CEO as the “driving force behind our growth, innovation, and operational success.” His loss, “whether due to death, disability, or otherwise … could significantly disrupt our management structure.”While that’s fairly standard language for a regulatory filing, it is also

By Bryan Mena, CNN Washington (CNN) — The unemployment gap between young high school graduates and their counterparts who obtained a bachelor’s degree or higher has shrunk steadily over the past few years in a sign of structural shifts happening in the US economy.A college degree has long helped Americans enter the work force and

By Ramishah Maruf, CNN New York (CNN) — The most popular iPhone app in the US is one that few people have thought about since dial-up internet: MapQuest.The mapping service is making a comeback on US App Stores after refusing to change Lake Ontario’s name, following President Donald Trump’s executive order rebranding it as Lake

By John Towfighi, CNN New York (CNN) — Global bond yields rose Tuesday to their highest levels in decades as an escalation in the Middle East conflict pushed up oil prices and increased concerns that the Federal Reserve and other central banks could raise interest rates this month.In Japan, the 10-year government bond yield hit

By Clare Duffy, Brian Stelter, CNN New York (CNN) — As California Attorney General, Rob Bonta technically represents the interests of just one state. But over the past year, his profile has grown as he leads some of the business world’s biggest legal battles — with the potential to reshape how people across the country

By Chris Isidore, CNN (CNN) — Car salesman Bob Kain recalls the first time he saw a luxury car with a $25,000 sticker price at his family dealership. It was 1989, and the car was a Ford Crown Victoria.“I remember thinking, ‘My goodness gracious, this is going to be really hard to sell,’” he said.Today,