Biz/Tech

By Samantha Delouya, CNN (CNN) — For more than two years, David and Lindsay Lepinsky bid over asking price, waived contingencies and stretched their budget in central New Jersey’s brutally competitive housing market. Still, their offers kept getting passed over as homes sold for tens – and sometimes hundreds – of thousands of dollars above

By Jordan Valinsky, CNN New York (CNN) — Byron Allen got his first big break as a teenage comedian on Johnny Carson’s “The Tonight Show.” Nearly five decades later, he is returning to late night not just as a comic, but as a billionaire media mogul with a sprawling and unconventional empire. Allen owns The

By Brian Stelter, CNN (CNN) — Stephen Colbert put on an emotional and existential final episode of “The Late Show” Thursday night, thanking his staff, studio audience and viewers for eleven years of laughs. Colbert walked on stage to deafening cheers at the Ed Sullivan Theater, where longtime friends and VIPs filled the rows of

By Samantha Delouya, CNN (CNN) — Turmoil in the bond market, fueled by the war with Iran, is sending US mortgage rates higher and threatening to make buying a home even more expensive. The average 30-year fixed-rate mortgage rose to 6.51% this week, reaching the highest level since August of last year, according to Freddie

By Hanna Ziady, CNN London (CNN) — The US Department of Commerce is awarding $2 billion to American quantum-computing companies — half of which will go to IBM — to bolster the buildout of super computers that could solve some of the world’s most pressing problems. The move comes amid growing investment into quantum computing

By Liam Reilly, CNN (CNN) — Netflix is taking another step toward becoming a live TV destination. The streaming giant announced Thursday that “The Breakfast Club,” the influential iHeartMedia morning show co-hosted by Charlamagne Tha God, DJ Envy and Jess Hilarious, will stream live on Netflix every weekday starting June 1. The move marks Netflix’s

By Ella Nilsen, CNN (CNN) — Extreme weather has impacted every corner of the US, from deadly floods to sweltering heat. For Americans, the changing climate has made protecting their homes increasingly important. Finding a “climate haven” in the United States has become more difficult with the warming planet. Storms can dump biblical amounts of

By John Liu, Yoonjung Seo, CNN Hong Kong/Seoul (CNN) — Samsung Electronics has become one of the leading beneficiaries of the global artificial intelligence boom. Surging demand for semiconductors has turned South Korea’s largest corporation into a $1 trillion company this year, propelling Seoul’s stock market to rank as the world’s sixth-largest. But one segment

By Hadas Gold, Kristen Holmes, CNN (CNN) — The White House on Thursday postponed plans for President Donald Trump to sign an executive order establishing a voluntary review process for artificial intelligence models before they’re released, according to a source familiar with the plans. Trump said he had delayed the EO signing because he “didn’t

By David Goldman, Chris Isidore, CNN (CNN) — SpaceX revealed its long-awaited plans to go public on Wednesday, shedding light on the finances and leadership of one of the largest, best-known and yet most secretive private companies in history. Elon Musk’s rocket and satellite company revealed previously undisclosed details, including its board members, sales, profit,

By Samantha Delouya, CNN (CNN) — A landmark housing affordability package moved one step closer to becoming law on Wednesday after winning bipartisan approval in the House of Representatives. The measure is an amended version of the 21st Century ROAD to Housing Act, which cleared the Senate in March. The bill, which won approval in

By Alicia Wallace, CNN (CNN) — This summer is expected to be the worst on record for teen hiring, according to the latest forecast from Challenger, Gray & Christmas. The outplacement and consulting firm projected that an estimated 790,000 jobs would go to teen workers in May, June and July, landing below last summer’s record-low

By Brian Stelter, CNN (CNN) — James Murdoch just made a big investment in the American news media. On Wednesday morning, his media and tech holding company, Lupa Systems, said it had agreed to acquire most of Vox Media, including Vox’s main website, its popular podcast network, and New York magazine. The deal was announced

By Clare Duffy, CNN New York (CNN) — Meta has partnered with a network of mom and family influencers to spread the word about its teen safety tools and message that Instagram is safe for teens, according to a new tech watchdog report. The promotional push has come as Meta faces ongoing concerns from online

By Nathaniel Meyersohn, CNN New York (CNN) — American shoppers are brushing off higher gas prices and finally spending money at Target again. Target’s comparable sales, which include both those at stores and online, grew 5.6% during its latest quarter — its best results in four years. The company raised its sales guidance for the

By Matt Egan, CNN New York (CNN) — Tens of millions of Americans hitting the road this Memorial Day weekend will face historically high gas prices. The war with Iran has destabilized the global energy system, pushing up pump prices across the country despite emergency steps from the Trump administration designed to limit the damage.

By Liam Reilly, CNN (CNN) — Stream CNN FlashDoc’s new documentary “The Last Laugh: Stephen Colbert,” examining the legacy of one of America’s most influential satirists, on the CNN app. Stephen Colbert’s final “Late Show” broadcast on Thursday will close out his run in the storied CBS late-night chair once occupied by David Letterman. What

By Jeanne Sahadi, CNN (CNN) — The United States is not in a recession, but the normal economic cycle means it will be at some point. Exactly when is hard to predict. A nationwide recession is marked by a decline in economic activity over at least several months. Think lower consumer spending, higher job losses,

By Samantha Delouya, CNN (CNN) — Homebuyers browsing Zillow across parts of the Midwest on Wednesday may find incomplete or outdated listings, after a mounting legal fight disrupted the flow of new listings to the platform. That’s because Midwest Real Estate Data, or MRED, cut off Zillow’s access to its regional home-listing database serving Chicago

By Hadas Gold, CNN (CNN) — Online platforms are now required by law to remove non-consensual intimate images within 48 hours of reporting, as a federal law criminalizing the sharing of such content goes into full effect Tuesday. President Donald Trump signed the Take It Down Act into law last year, which makes it illegal

By Lisa Eadicicco, CNN (CNN) — To get ahead in the new internet age, Google wants to help you google less. The company on Tuesday revealed a flurry of AI-powered features for its search engine, AI assistant Gemini and other services. It’s part of Google’s latest effort to revamp its decades-old business model to fit

By Anna Cooban, Mauricio Torres, CNN London (CNN) — Jonathan Andic, the son of the late founder of Spanish fashion giant Mango, was arrested Tuesday in connection with his father’s death in 2024. Isak Andic, who founded Mango in the mid-1980s, died at age 71 after plunging down a 320-foot ravine in December 2024 while

By John Towfighi, CNN New York (CNN) — A bond rout is deepening as inflation fears take hold of the Treasury market, threatening to raise borrowing costs across the US economy. The 30-year US Treasury yield just hit 5.2%, its highest level since 2007, rising on worries about persistent price hikes because of the Iran

By Chris Isidore, CNN (CNN) — Gasoline prices are up more than 50% since the start of the war in Iran. Can average Americans protect themselves from those higher costs? Not completely – oil is far too embedded into everyday life. For example, diesel-burning truck companies have imposed fuel surcharges to transport the goods Americans

By Matt Egan, CNN New York (CNN) — Wholesale motor oil prices are rising rapidly, and some industry executives are warning of imminent shortages caused by the war with Iran. Damage to key facilities in the Middle East and the shutdown of the Strait of Hormuz have combined to create a perfect storm in this

Reuters Seoul (Reuters) — The head of Starbucks Korea has been fired after a marketing campaign sparked public outrage for evoking painful memories of a brutal military crackdown on pro-democracy protesters in 1980. Shinsegae Group, the retail conglomerate that licenses and manages the US coffee chain in South Korea, said it had sacked Sohn Jeong-hyun,