Biz/Tech

By Elisabeth Buchwald, CNN (CNN) — Tariff refunds are finally happening. Well, sort of. Exactly two months after the Supreme Court struck down President Donald Trump’s most sweeping tariffs, American importers, who are owed $166 billion in refunds plus interest, can begin applying for reimbursement Monday through a new US Customs and Border Protection portal.

By Bryan Mena, CNN (CNN) — Kevin Warsh has spent years criticizing the Federal Reserve for doing too much. More recently, he has suggested it may need to do the opposite. That tension will be front and center Tuesday at his confirmation hearing before the Senate Banking Committee, delivering the first real test of how

By Auzinea Bacon, CNN (CNN) — Oil prices climbed Sunday after Iran once again blocked the passage of most ships through the Strait of Hormuz, a key waterway for one-fifth of the world’s crude. Brent crude, the international benchmark, was up about 7% to $96.88, after settling on Friday at its lowest level since March

By Tami Luhby, CNN (CNN) — Although tensions are easing in the Middle East — at least for now — US gas prices will remain far above pre-war levels for weeks, if not months. But you can ease the pain at the pump now if you know how to shop smart for gas. The average

By Bryan Mena, Way Mullery, CNN Washington (CNN) — The process to install Kevin Warsh, President Donald Trump’s nominee to succeed Federal Reserve Chair Jerome Powell, isn’t going smoothly, and it could get even more complicated. After a monthslong search process, Trump finally announced his nomination on January 30. Nearly three months later, there still

By Clare Duffy, CNN New York (CNN) — FanDuel has built a large and growing business with its sports betting app, becoming the largest online sportsbook in the United States. But online sports gambling remains illegal in many states, which is why it’s getting into the booming — and controversial — prediction market business. Billions

By Julian Torres, CNN New York (CNN) — Mary Akkerman has visited more than 30 college campuses with her children, one now at Stanford and another still in high school. She especially wanted them to get degrees that lead to good jobs – but figuring that out, said the Sioux Falls, South Dakota, parent, was

By Brian Stelter, CNN (CNN) — Nexstar’s politically charged acquisition of a rival TV station owner, Tegna, has been halted by a federal judge in California. Friday’s court action throws Nexstar’s takeover plans into doubt and signifies a major victory for the Democratic state attorneys general who sued to block the deal last month. A

By John Towfighi, CNN New York (CNN) — For most of the past week, markets have traded as though the war with Iran were already over. The S&P 500 just hit its third-straight record high and the Nasdaq Composite is on its longest winning streak since 1992. The stock market’s exuberance is rooted in optimism

By Jordan Valinsky, CNN New York (CNN) — QVC, the home shopping TV network that has been a staple for almost four decades, has filed for bankruptcy. The channel’s parent company, QVC Group, announced Thursday that it has voluntarily entered Chapter 11 proceedings in an effort to slash its debt from $6.6 billion to $1.3

By Hadas Gold, Alayna Treene, CNN (CNN) — Anthropic CEO Dario Amodei visited the White House on Friday for a high-stakes meeting with the president’s top adviser, while his AI company battles the Trump administration in court for blacklisting its Claude AI model. Amodei met with White House Chief of Staff Susie Wiles, two sources

By Vanessa Yurkevich, CNN New York (CNN) — Mike Armata has been staring at lackluster tomatoes for a month now. They’re fine to eat, they just don’t look as great as they normally do. His bigger problem is that they’re very expensive. But in this market, he has to take what he can get. “There’s

By Clare Duffy, CNN New York (CNN) — Mainstream artificial intelligence safety groups moved quickly to distance themselves after a 20-year-old allegedly attacked the home of OpenAI CEO Sam Altman last week in what law enforcement officers said appeared to be part of a plot to harm AI executives. But people in some corners of

By Marshall Cohen, CNN Washington (CNN) — The top federal regulator for the rapidly growing prediction market industry vowed Thursday to crack down on insider trading, and said his agency is actively investigating hundreds of possible cases. Commodity Futures Trading Commission chairman Michael Selig, who was appointed by President Donald Trump, tried to allay rising

By Liam Reilly, CNN (CNN) — Netflix co-founder and executive chairman Reed Hastings will not seek re-election to the company’s board of directors once his term expires in June, the company announced on Thursday. Hastings’ decision, announced in Netflix’s first-quarter earnings results, comes less than three years after he stepped down as co-CEO and became

By Samantha Delouya, CNN (CNN) — The war in the Middle East — and the economic uncertainty it has fueled — is clouding what is usually the hottest season for home sales, leaving some sellers facing a dwindling pool of buyers. The conflict with Iran has driven up borrowing costs and rattled markets, adding to

By Jordan Valinsky, CNN New York (CNN) — It’s not just hardcore athletes who want to stay hydrated, and that’s become a problem for Gatorade. PepsiCo, which owns Gatorade, announced Thursday a sweeping makeover of the brand in response to increased competition. Changes include new drinks, powders and packaging that reinforce the brand’s science-backed roots

By Clare Duffy, CNN New York (CNN) — Europe doesn’t want to hear any more excuses from tech platforms for why they can’t verify users’ ages. European Commission President Ursula von der Leyen on Tuesday announced a new European age verification app that will give users a sort of digital ID card to prove their

By Allison Morrow, CNN New York (CNN) — Shares of Allbirds — the 2010s pioneer of trendy sneakers and eco-conscious Millennial retail marketing — took flight in an almost comical fashion Wednesday morning after the company announced an extremely 2026 pivot: abandoning its environmental agenda and getting into the AI business. The stock, which had

By John Towfighi, CNN New York (CNN) — A rally in stocks lifted the S&P 500 and Nasdaq Composite to fresh record highs on Wednesday, capping off a strong two-week recovery that has seen the indexes erase all losses tied to the US-Israeli war with Iran. The S&P on Wednesday rose 0.8% to close at

By John Liu, CNN (CNN) — Four months ago, a dozen academics and researchers from China’s top oil and gas producers issued a warning buried in an academic journal: the nation’s quest for self-sufficiency had a critical weak spot. The threat they identified was helium, a colorless, odorless gas with a wide range of uses,

By Hanna Ziady, Stephanie Yang, CNN London/Hong Kong (CNN) — The International Monetary Fund says the world will suffer an oil shortfall this year – even if the war with Iran were resolved this week – becoming the latest major economic body to warn of severe likely and potential impacts of the conflict. The fund

By Brian Stelter, CNN (CNN) — Ahmed Shihab-Eldin, a Kuwaiti-American journalist known for his work at VICE, HuffPost and Al Jazeera, has been detained in Kuwait, according to press freedom advocates, after sharing videos related to the Iran war. The arrest comes as Kuwait and other Gulf states have cracked down on individuals for posting

By Hadas Gold, CNN (CNN) — The suspect in the attack on the home of OpenAI CEO Sam Altman and the company’s headquarters was held without bail on Tuesday in California Superior Court, the Associated Press reported. His arraignment on charges of attempted murder and attempted arson was moved to May 5, according to the