Biz/Tech

By Vanessa Yurkevich, CNN (CNN) — For tens of thousands of seafarers on the 1,600 ships stuck in the Strait of Hormuz, “Project Freedom” was anything but. President Donald Trump’s operation to “guide” ships through the strait lasted just 48 hours. Only two ships were guided through. Now, shipping companies and stranded seafarers are again

By Brian Stelter, CNN (CNN) — Banks scoffed. Potential partners rejected him. Newspaper owners mocked the idea. But Ted Turner persevered and won. Turner faced an extraordinary uphill battle to launch CNN in 1980. Before the network became an institution, a shorthand for 24/7 breaking news around the world, it was a dare that many

By Nathaniel Meyersohn, CNN New York (CNN) — No one likes higher taxes. But New York City Mayor Zohran Mamdani’s plan to tax wealthy residents’ second homes has elicited a highly emotional response from two of the city’s richest. “Creepy and weird,” is what Ken Griffin had to say Tuesday at a conference about Mamdani’s

By Chris Isidore, CNN (CNN) — Jet fuel prices nearly doubled. Airlines cut flights. Travelers were still buying tickets. That was already a pretty good recipe for higher airfares. And then, Spirit Airlines went out of business. Passengers were already paying more to fly – even before the industry lost the budget airline famous for

By Jordan Valinsky, CNN New York (CNN) — Sweetgreen is hoping to lure back cash-strapped desk workers who have grown tired of its salads with sandwiches. The chain will begin selling chicken wraps — four versions priced under $15 — on Wednesday, marking Sweetgreen’s latest effort to revive sales and shake the perception that it’s

By Hadas Gold, CNN (CNN) — Google, Microsoft and xAI will share unreleased versions of their AI models with the government to curb cybersecurity threats, the National Institute of Standards and Technology announced on Tuesday. The partnership comes after Anthropic’s powerful new Mythos AI model pushed concerns about AI’s impact on cybersecurity to a tipping

By Liam Reilly, CNN (CNN) — The Equal Employment Opportunity Commission sued The New York Times on Tuesday, escalating a months-long investigation into the newsroom and advancing a discrimination case the paper has cast as politically motivated. The lawsuit, filed in the US District Court for the Southern District of New York, was brought on

WBZ, CNN By Chris Isidore, CNN (CNN) — Spirit Airlines, the pioneering discount airline that shook up the budget travel business, is shutting down its operations. The company is in its second bankruptcy and was in serious financial trouble well before the Iran war sent jet fuel prices surging. America’s eighth-largest carrier tried to reach

CNN By John Liu, Stephanie Yang and Hanna Ziady, CNN Hong Kong/London (CNN) — Oil briefly surpassed $126 a barrel Thursday, its highest price in four years, as some traders worried about an escalation in the US-Iran war that would keep the Strait of Hormuz effectively shut. Brent crude, the global benchmark, surged overnight to

By Brian Stelter, CNN (CNN) — James Murdoch may be the next owner of New York magazine and Vox Media’s podcast network. Murdoch’s investment company, Lupa Systems, is in talks to acquire the assets for $300 million or more, two people with knowledge of the discussions told CNN. It is unclear if there are active

By Clare Duffy, CNN New York (CNN) — Since independent vehicle crash testing began in the mid-1990s, automakers have been incentivized to make safety changes that have saved thousands of lives each year. Now, a new group is hoping to take a similar approach to artificial intelligence. Nonprofit media watchdog Common Sense Media is launching

By John Liu, Hanna Ziady, CNN (CNN) — Oil prices fell Tuesday after posting sharp gains at the start of the week as fresh attacks in the Gulf raised doubts about the durability of a ceasefire between the United States and Iran. Brent crude, the global oil benchmark, was down 1.4% to $112.9 a barrel

By Tami Luhby, CNN (CNN) — High gas prices are prompting some people to look for new jobs with shorter commutes or work-from-home options. Are you considering switching jobs to reduce how much you are spending on gas? Or are you asking your boss if you can work remotely more often? Are you an employer

By Hadas Gold, CNN (CNN) — Elon Musk sought a potential settlement with OpenAI two days before his massive trial against the ChatGPT maker began last week, a new court filing from OpenAI says. Musk sent a message to OpenAI President Greg Brockman “to gauge interest in settlement” on April 25, according to a filing

By John Towfighi, CNN New York (CNN) — Wall Street wants more proof that Big Tech’s enormous spending on artificial intelligence will pay off. The largest US tech companies are on a spending spree to try and get ahead in the AI race. Amazon (AMZN), Alphabet (GOOG), Meta (META) and Microsoft (MSFT) continue to spends

By Hanna Ziady, CNN London (CNN) — GameStop has offered to buy ecommerce giant eBay for $55.5 billion, a tie-up that the video game retailer’s boss believes could produce a “legit competitor” to Amazon. The offer comes amid something of a revival at eBay, which has pushed to reinvent itself in the face of rising

By Stephanie Yang, CNN (CNN) — Jeffrey Cesari grew up eating ube, a purple yam native to the Philippines, whenever he visited his relatives there. But seven months ago, when he encountered it in a latte at a Turkish cafe, it suddenly sparked a business idea. The 31-year-old former auditor thought if people in Istanbul

By Brian Stelter, CNN (CNN) — In the immediate aftermath of last week’s shooting outside the White House Correspondents’ Dinner, there was widespread skepticism about rescheduling it anytime soon. But attitudes have shifted in recent days, and the consensus is now that the dinner — which doubles as an awards ceremony and fundraiser — should

By Auzinea Bacon, CNN (CNN) — Berkshire Hathaway (BRK.B) on Saturday reported $11.35 billion in operating earnings and a record cash pile in the first quarter under CEO Greg Abel, the successor to famed investor Warren Buffett. Berkshire Hathaway’s massive cash pile rose to more than $397 billion in the first quarter, up from the

By Chris Isidore, CNN (CNN) — Spirit Airlines, the pioneering discount airline that shook up the budget travel business, is shutting down its operations. The company is in its second bankruptcy and was in serious financial trouble well before the Iran war sent jet fuel prices surging. America’s eighth-largest carrier tried to reach a deal

By Zahra Ullah and Ana Archen, CNN Moscow (CNN) — High-energy pop music blares out across the atrium of a glitzy shopping mall in a middle-class Moscow suburb. But what was meant as the soundtrack to the hustle and bustle of shoppers is instead playing to largely vacant and boarded-up glass-fronted units – a poignant

By Antonia Mortensen and Juan Pablo O’Connell (CNN) — In the heart of Emilia‑Romagna, northern Italy, vast climate‑controlled warehouses hide one of the country’s most valuable assets. Towering shelves hold hundreds of thousands of wheels of Parmigiano Reggiano aging slowly, quietly and becoming more valuable with every passing month. To outsiders, it looks like a