Biz/Tech

By Matt Egan, CNN New York (CNN) — Regulators appointed by President Donald Trump are allowing the Trump family’s flagship cryptocurrency venture to become a bank, a move that is alarming ethics watchdogs and some lawmakers.World Liberty Financial, a crypto firm Trump and his sons launched in 2024, announced late Friday that it received a

By Amarachi Orie, CNN (CNN) — A bespoke model of Ferrari’s first-ever fully electric car, the Luce, has sold for $40 million, breaking the record for the most expensive new car ever sold at auction.The high bid for the tailor-made Ferrari Luce “Chassis 0” comes just months after the Italian luxury sports car maker’s share

By Samantha Delouya, CNN (CNN) — Just a few years ago, San Francisco was the national symbol for post-pandemic urban decline.Now, fueled by the artificial intelligence boom, the Golden City and its suburbs are quickly becoming the hottest housing market in the country.Flush with cash — and highly valued stock options — tech workers are

By Elisabeth Buchwald, CNN (CNN) — Strawberries offer a taste of summer, even when they are eaten in the dead of winter. But the year-round treat Americans have grown accustomed to could soon get more expensive.The Trump administration is investigating whether Mexican growers are selling winter-harvested strawberries in the United States at unfairly low prices,

By Ramishah Maruf, CNN New York (CNN) — Frances Ling, a 29-year-old in Los Angeles, has a summer driving uniform.First, she buttons a long-sleeve cape with a hood, one that her boyfriend jokes make her look like “a superhero.” Next is a lightweight face mask that covers every inch of skin below her nose. Finally,

By Chris Isidore, CNN (CNN) — The Buffalo Bills play their first preseason game at their new Highmark Stadium on Saturday, but season ticketholders got a sneak peek at an open practice last week.Some weren’t happy.Social media was flooded with photos showing obstructed views of the field from some seats. Even though a handful of

By Samantha Delouya, CNN (CNN) — Fueled by a boom in artificial intelligence, San Francisco is quickly becoming the hottest housing market in the country.In the last few months, home prices and asking rents have shot higher in the city as tech workers flush with cash flood the area’s housing market.San Francisco home prices are

By David Goldman, CNN (CNN) — Vishal Garg feels duped.“He hoodwinked me,” the just-ousted Better Home & Finance CEO said about Daniel Lewis, the man who replaced him last week. “He said he liked the company’s strategy. He praised us on X and used that to get on our board and win our confidences.”Garg, who

By Bryan Mena, CNN Washington (CNN) — Americans pulled back on their retail spending in July and their confidence in the economy is taking a hit. That’s a potentially troubling combination for a consumer-driven economy.Retail sales fell 0.6% in July from the prior month, the Commerce Department said Friday, down from June’s 0.2% and marking

By Hanna Ziady, Anna Cooban, CNN London (CNN) — Nuclear power plants idled. Crops harvested at 3 a.m. Iconic tourist attractions shuttered early.Soaring temperatures are forcing drastic measures in Europe, where successive heatwaves are straining an economy already under pressure from US tariffs, Chinese competition and higher energy prices because of the Iran war.Romania’s state-owned

By Ramishah Maruf, CNN New York (CNN) — Several investors in Selena Gomez’s mental health startup Wondermind sued the popstar Thursday, claiming they were misled about the startup’s success and her involvement in it.Wondermind launched in 2021, with Gomez listed as co-founder, “chief impact officer,” and head of marketing, according to the suit. The media

By Clare Duffy, CNN New York (CNN) — Law enforcement technology company Flock introduced new safety controls on Thursday, hoping to curb growing scrutiny and fears around surveillance and police misuse of its tools.Flock’s nationwide network of automated license plate readers (ALPR) cameras —mounted along public roads — take images of passing vehicles’ plates, color

By Alicia Wallace, CNN (CNN) — Businesses’ costs aren’t rising as fast as they have been in recent months, an indication that price hikes could slow for consumers in the months ahead.The Producer Price Index, which tracks prices changes for producers and manufacturers, increased 4.7% in the 12 months that ended in July. That was

CNN By Avni Trivedi, Karina Tsui, CNN (CNN) — A winning ticket for Wednesday night’s $1.04 billion Powerball drawing was sold in Illinois, marking the largest grand prize since last year, according to the lottery. The winning numbers were 4, 26, 66, 67, 69, and red Powerball 9, with a Power Play multiplier of 2.

By Natasha Chen, CNN Los Angeles (CNN) — Influencers have been flooding social media this summer with videos of short wait times at Disney parks. In June, one content creator recorded a relatively empty Disneyland while noting the absent daytime crowd.“It’s the middle of summer, the weather is perfect and the park is not crowded,”

By Matt Egan, CNN New York (CNN) — Artificial intelligence is a game-changing technology that’s already transforming how the world lives and works.Yet AI can also fuel a market meltdown, a recession – or both.Timing is everything. Money is pouring into AI so rapidly that it’s outpacing the ability to turn a profit. This unsustainable

By John Liu, CNN (CNN) — Hackers deployed an AI system to carry out sophisticated cyberattacks on Taiwan, officials said, in what experts believe is the first known fully autonomous attack on government agencies.Over four days in July, the AI agents were able to map 21 government systems, crack 85 government user accounts, and extract

By Jordan Valinsky, Ramishah Maruf, CNN New York (CNN) — Josh Kushner doesn’t give many interviews or make public appearances often, but he’s keen on making headlines.Kushner, the brother of President Donald Trump’s son-in-law Jared, announced that he was teaming up with former Disney CEO Bob Iger to buy the Los Angeles Lakers for a

By David Goldman, CNN (CNN) — President Donald Trump’s expensive subscription for instant access to his Truth Social posts is unconstitutional, according to a federal lawsuit filed Wednesday.The Intercept and the Freedom of the Press Foundation jointly sued Trump and his White House social media team for restricting their access to the president’s posts on

By Chris Isidore, Matt Egan, CNN (CNN) — In a stunning twist, former Disney CEO Bob Iger and venture capitalist Josh Kushner are buying one of the greatest trophy assets in US sports: The Los Angeles Lakers.Iger and Kushner, the brother of President Donald Trump’s son-in-law Jared Kushner, are shelling out a record-breaking $12.5 billion

By Brian Stelter, CNN (CNN) — As Paramount pushes to settle the state antitrust lawsuit that has stymied its deal to buy Warner Bros. Discovery, Democratic lawmakers continue to rally opposition to the deal.On Wednesday, Rep. Jamie Raskin, the top Democrat on the House Judiciary Committee, sent a new letter to Paramount CEO David Ellison

By Lisa Eadicicco, CNN (CNN) — What if you didn’t have to dig through your inbox to schedule a follow-up doctor’s appointment or type on a tiny keyboard to send emails on your way to work?That’s the future Google and other tech giants predict, with AI agents soon handling tasks on our phones without constant