Biz/Tech

By Alicia Wallace, CNN (CNN) — Annual inflation slowed for the second month in a row, cooling to 3.4% in July as prices at the pump and the grocery store delivered less of a bite, according to new data released Wednesday by the Bureau of Labor Statistics.The latest Consumer Price Index showed that prices rose

By Jordan Valinsky, CNN New York (CNN) — For the first time in a while, Burger King is living up to its name.A revamped Whopper helped the chain post an 8.5% increase in US same-store sales last quarter, outpacing McDonald’s by the largest margin in more than a decade. Burger King also surpassed Wendy’s in

By Brian Stelter, CNN (CNN) — The White House Correspondents’ Association has asked President Donald Trump’s administration to “work with us on a protocol for handling extraordinary security circumstances in the future,” now that his secret plane switch last month has been revealed by leaks to news organizations.Fox News anchor and senior White House correspondent

By Alicia Wallace, CNN (CNN) — More Americans are falling even further behind on their home and car loans than at any time in the past decade, new data from the Federal Reserve Bank of New York showed Tuesday.A greater share of people went at least 30 days late on their mortgage payments in the

By David Goldman, Matt Egan, CNN (CNN) — Wall Street has begun to embrace Trump Media and Technology Group’s newest product: instant access to President Donald Trump’s Truth Social posts.Truth Social owner Trump Media, in its first-ever earnings call with analysts Monday evening, said it has signed more than 10 customer agreements, mostly with high-frequency

By Anna Cooban, CNN London (CNN) — Nvidia is joining forces with Wall Street to allow its customers borrow more than half a trillion dollars to build AI infrastructure.The US chipmaker announced on Monday that it had signed a preliminary agreement with heavyweight institutional investors Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to raise

By John Towfighi, CNN New York (CNN) — Will the Federal Reserve raise interest rates or hold them steady at its meeting next month?For the market, it’s a coin flip: Odds of a rate hike in September are near 50%, while odds of keeping rates steady are near 50%, according to CME FedWatch, a real-time

By Lisa Eadicicco, Hadas Gold, CNN (CNN) — Meta is taking a stance on one of the biggest debates shaping the future of artificial intelligence: Should AI models be open for anyone to tinker with and modify, or should they be tightly controlled by the companies making them?For Meta CEO Mark Zuckerberg, the answer is

By Jordan Valinsky, CNN New York (CNN) — 7UP, which popularized lemon-lime flavoring when it rolled out nearly a century ago, is changing its taste for the first time in 15 years.The soda is permanently reformulating its recipe as it faces increased competition, slightly reducing lemon for a “lime-forward” taste in response to younger drinkers’

By Avni Trivedi, Hanna Park, CNN (CNN) — The Powerball jackpot has risen to an estimated $975 million after nobody took the grand prize in Monday night’s drawing, which soared to the eighth-largest prize in history.The winning numbers drawn were 6, 37, 54, 55, 64, and a red Powerball 10, with a Power Play multiplier

By Lisa Eadicicco, CNN (CNN) — Cases of AI escaping the lab, infiltrating other companies and trying to deceive people have all made headlines in recent weeks. And in one case, AI models even worked together to break free from their test environments.Does this mean the machines are taking over? Not quite.AI isn’t the mastermind

By David Goldman, Matt Egan, CNN (CNN) — David Goldman and Matt Egan report on the economy for CNN. This is their text conversation about this month’s job report.David Goldman: Hey, Matt! The jobs report on Friday came in…less than good, let’s say. Are we back in this “meh-conomy,” where we have stagnant job growth

By Bryan Mena, CNN (CNN) — Despite AI skills and more than a decade of management experience in technology, Juan Ruiz has struggled to switch jobs in a state known for its tech scene: California.Ruiz has been looking for a new job with more pay since October 2024, sending out hundreds of applications, he told

By Bryan Mena, Molly English, CNN Washington (CNN) — The White House is renewing its effort to remove Lisa Cook from the Federal Reserve’s Board of Governors, according to a letter addressed to her attorney obtained by CNN.The letter, dated August 5, said there is “sufficient reason to believe that you have made false statements

By Michael Ballaban, CNN (CNN) — Ford is the undisputed global leader in pickup trucks. The F-Series is the best-selling vehicle in the US – of any kind – since 1981. Its latest pickup, the Ford Fathom, will cost a downright cheap $28,350, which should set it up to be a massive seller.And it absolutely

By Alicia Wallace, CNN (CNN) — A summer hiring slump dogged the US labor market in July as the economy unexpectedly lost 23,000 jobs, according to new data released Friday by the Bureau of Labor Statistics.The unemployment rate dropped to 4.1% from 4.2% as more people left the labor force.July’s job gains marked a sharp

By Isa Mudannayake, Hanna Park, CNN (CNN) — The Powerball jackpot has risen to an estimated $905 million after nobody took the grand prize in Saturday night’s drawing.The winning numbers were 5, 9, 35, 54, 63 and red Powerball 7, with a Power Play multiplier of 3.While no one snagged the $856 million jackpot –

By Brian Stelter, Liam Reilly, CNN (CNN) — The FCC voted on Thursday to remove the cap on TV station ownership in the US, delivering a big win to media companies aligned with President Donald Trump and the Republican Party.Supporters of the cap immediately said they will challenge the FCC’s action in court. They argue

By Alicia Wallace, CNN (CNN) — When the latest official jobs report is released on Friday, economists are expecting it to show that hiring picked up in July and that the unemployment rate held steady at 4.2%.Economists’ estimated monthly employment gains of 97,500 jobs would mark an increase from June’s lower-than-expected 57,000 jobs added. The