Biz/Tech

By Elisabeth Buchwald, Auzinea Bacon, CNN (CNN) — Canadian Prime Minister Mark Carney on Saturday vowed “dollar-for-dollar” tariffs in response to the United States’ 50% tariffs on $20 billion in Canadian goods after the two sides failed to reach a trade deal.Carney’s tit-for-tat measures, set to take effect on September 8, will include tariffs on

CNN Staff (CNN) — Since Australia passed its ban on social media for teens younger than 16, a wave of legislative proposals in other countries have sought to establish similar limits on platforms such as Instagram, Facebook, Twitch, YouTube and more. The goal is clear — to shelter young people from long scrolling sessions, online

By Allison Morrow, CNN New York (CNN) — It was a tough week for the bond market. And the US government’s attempt to help offered only temporary relief.A global rate spike in long-dated government bonds pushed yields to multi-year highs this week, driving up borrowing costs for governments, businesses and consumers. The yield surge is

By Alicia Wallace, David Goldman, CNN (CNN) — Tech investor Marc Stad is acquiring a controlling interest in the NBA’s Minnesota Timberwolves and the WNBA’s Minnesota Lynx in a deal valued at $4.5 billion, sources close to the agreement told CNN on Friday.It marks the second multibillion-dollar sale of a professional basketball organization this month,

By Tami Luhby, CNN (CNN) — High gas prices continue to weigh on Americans, forcing some to cut back on their spending this summer.Although Trump administration officials promised that the spike is gas prices would subside, the cost remains far higher than it was when the US-Iran conflict began in late February.Are you taking additional

CNN By Issy Ronald, Lauren Said-Moorhouse, CNN London (CNN) — Prince Harry and six other high-profile figures will have to make an initial payment of £9.5 million ($13 million) toward the legal costs of a British tabloid publisher after losing a high-stakes case against them last month, a UK High Court judge ruled Friday. The

By Chris Isidore, CNN (CNN) — Higher gas prices cut into Americans’ overall spending, leading to the slowest sales growth at Walmart’s US stores since the earliest months of the pandemic.The nation’s largest retailer earned $6.4 billion in net income in the three months ending July 31, thanks to strong online spending and a massive

By John Towfighi, CNN New York (CNN) — The Treasury Department made a surprise move Wednesday after bond yields hit their highest levels in almost two decades, doubling its planned purchases of longer-term bonds and easing pressure on the market.Bonds rallied, driving yields lower, after the announcement, providing some relief after a sell-off earlier this

By Jordan Valinsky, CNN New York (CNN) — Columbia House, a pioneer of subscription music before streaming, is shutting down after seven decades in business.A widely reported statement appeared on its website saying the company is closing on September 15 has been removed, but a customer service representative confirmed to CNN by phone that it

By Nathaniel Meyersohn, CNN New York (CNN) — Conventional wisdom says that American consumers are struggling and they’re hunting for the lowest prices to save money.But the K-shaped economy is narrowing, and a growing number of Americans have moved up the income ladder. They actually have more money to spend and are being choosy about

By Matt Egan, CNN New York (CNN) — Oil prices are once again uncomfortably high, but the bigger problem is lurking just beneath the surface.What initially began as an oil supply shock caused by the Strait of Hormuz blockage is morphing into a fuel supply crisis.Refineries face a perfect combination of war and export restrictions,

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump late Tuesday postponed his threat of a 50% tariff on a wide range of Canadian goods that was set to take effect at midnight and would have affected roughly $20 billion worth of imports.“We’ve come to a deal with Canada,” Trump told reporters Wednesday morning from

By John Liu, CNN (CNN) — Doomscrolling on an iPhone, firing endless questions at ChatGPT, or streaming a 4K film on Netflix on your laptop – behind these modern life conveniences lies a high-stakes contest between two Asian technology powers.For decades, South Korea and Taiwan have been locked in a cut-throat battle for supremacy in

By Samantha Delouya, CNN (CNN) — The $1.9 billion collapse of subprime auto lender Tricolor last year was fueled by a multiyear fraud involving its executives, the Securities and Exchange Commission alleged in charges announced Tuesday.Texas-based Tricolor, which went bankrupt in September 2025, specialized in loans and car sales to buyers without Social Security numbers

By Hadas Gold, CNN (CNN) — OpenAI is unveiling new, stronger security safeguards around its training and testing in light of new model capabilities and a spate of incidents in which artificial intelligence systems hacked into other companies.The company first disclosed in July that during a cybersecurity exam, a combination of its AI agents with

By David Goldman, CNN (CNN) — The battle for control of the Strait of Hormuz has become the focal point of the Iran war. Over the past several months, both Iran and the United States have claimed the upper hand – and the competing rhetoric has caused considerable confusion and doubt.At the moment, however, the

By John Towfighi, CNN New York (CNN) — Investors’ concerns over issues like inflation and hefty government deficits, plus more competition from corporate bonds, are driving a global bond market sell-off, pushing up borrowing costs for governments and everyday people alike.The 30-year US Treasury yield on Tuesday hit its highest level since 2007, rising to

By Chris Isidore, CNN (CNN) — Did you ever fly on Spirit Airlines? Or work there? Or send an email to someone who worked there? Then your information will soon be feeding Google’s artificial intelligence model.The discount airline halted all operations in May, and it’s been selling off its remaining assets through the bankruptcy process

By Brian Stelter, CNN (CNN) — Disney is going to court to defend its ABC television stations from the Trump administration’s pressure campaign.On Tuesday, the media company filed a lawsuit in federal court alleging that Trump’s FCC is violating its First Amendment rights.The administration “has waged a retaliatory campaign against ABC for a single reason:

By Clare Duffy, CNN New York (CNN) — Meta’s business relies on hooking young people and exploiting their data and attention, a lawyer for a group of state attorneys general argued in opening statements for the latest blockbuster trial against the social media giant on Tuesday.The trial could be Meta’s most consequential legal fight yet

By John Liu, CNN (CNN) — Shares of the world’s largest humanoid robot maker by sales Unitree jumped more than 600% in its trading debut in Shanghai on Wednesday, in a testament to its status as the poster child of China’s robotic advancement.Having captured global attention with its dancing and kung-fu fighting androids, Unitree raised

By Ramishah Maruf, Matt Egan, CNN New York (CNN) — Family drama is swirling around the sale of the Los Angeles Lakers.Jeanie Buss, the controlling owner and CEO of the storied basketball organization, is opposing the sale of the family’s remaining 17.8% stake in the team to former Disney CEO Bob Iger and venture capitalist

By Brian Stelter, CNN (CNN) — Paramount wants the states that are suing over the Warner Bros. Discovery deal to post a $1.9 billion bond.The states are scoffing at the idea. “They don’t have any legitimate claim. I mean, honestly, this reeks of desperation,” California attorney general Rob Bonta told CNN in response.Paramount made the