Biz/Tech

By Chris Isidore, Matt Egan, CNN (CNN) — Oil futures are plunging – but it could still take weeks or months before gas prices are dramatically lower. Word of a two-week ceasefire in the war in Iran and a possible reopening of the vital Strait of Hormuz to oil tankers sent crude prices crashing on

By Nathaniel Meyersohn, CNN New York (CNN) — Computer science and engineering students at the University of Washington, spooked about AI, returned from spring break last week to a surprising email from the department head. “I’m reaching out because I keep hearing concerns about AI and the future of (computer science) careers,” Magdalena Balazinska, director

By Hanna Ziady, John Towfighi, CNN (CNN) — Oil prices plummeted and stocks surged Wednesday after a fragile ceasefire between the United States and Iran took effect, spurring hopes that oil tankers would be allowed to pass through the Strait of Hormuz. WTI, the US crude benchmark, tumbled 16.41% to settle at $94.41 per barrel.

By Sean Lyngaas, CNN (CNN) — Anthropic will make its new AI model available to some of the world’s biggest cybersecurity and software firms in an effort to slow the arms race ignited by AI in the hands of hackers, Anthropic said Tuesday. Amazon, Apple, Cisco, Google, JPMorgan Chase and Microsoft, among other firms, will

By Alicia Wallace, CNN (CNN) — AI-driven job losses may not just make it harder for affected workers to find employment in the short term but also could leave a yearslong “scarring,” marked by depressed income, delayed homeownership and even the lower probability of marriage, according to a new research report from Goldman Sachs. And

By Olesya Dmitracova, CNN London (CNN) — Pershing Square Capital Management, founded by billionaire Bill Ackman, has offered to buy Universal Music Group, the record company behind Lady Gaga, Kendrick Lamar and Sabrina Carpenter among other artists. The proposal was submitted alongside a “value creation plan,” the fund, where Ackman is also the CEO, said

By Jeanne Sahadi, CNN (CNN) — The IRS has processed 99.8 million tax returns as of April 3 and paid out 69.8 million refunds. The average amount returned: $3,462. That’s up $346 (or 11.1%) from the same period last year, but still well below the average $1,000 boost that the Treasury Department projected. The average

By Samantha Delouya, CNN (CNN) — After several years of slow home sales, economists hoped 2026 would bring more activity as more homes hit the market and price growth cooled. But just as the spring homebuying season begins, new uncertainty is emerging due to the US-Israeli war with Iran. Mortgage rates climbed last week for

By Elisabeth Buchwald, CNN (CNN) — After weeks of war-driven pressure on fuel prices and supply chains, some businesses are starting to pass those higher costs along to consumers via new fees — or through other, less obvious changes. “Companies tend to look for ways to get more out of what they already have first,

By Matt Egan, David Goldman, CNN New York (CNN) — Six weeks ago, the world was practically swimming in crude oil. The market was oversupplied and prices were low and stable. But now, some parts of the energy market are acting like the world is on the verge of running dry. That’s because the war

By Liam Reilly, CNN (CNN) — CBS has filled its soon-to-be-vacant 11:35 p.m. time slot. The network said Monday that beginning May 22, the day after the finale of “The Late Show with Stephen Colbert,” the hour will be filled by “Comics Unleashed with Byron Allen.” Because “Comics Unleashed” is a half-hour program, CBS will

By Amarachi Orie, CNN (CNN) — Pepsi and brewery company Diageo have withdrawn their sponsorship of the UK’s 2026 Wireless Festival after it was announced that Kanye West would headline the three-day event. The rapper, who goes by the name Ye, has faced backlash in recent years after making repeated antisemitic and offensive remarks. Pepsi

By David Goldman, CNN (CNN) — Jamie Dimon is warning that the US-Israeli war with Iran could lead to another round of persistent inflation and higher interest rates that could sink the US economy into a recession and redefine the global economic order. “Then again, it may not,” Dimon hedged. In his annual letter to

CNN By Brian Stelter, Holly Yan CNN (CNN) — Savannah Guthrie showed viewers her grief and desperation when her mother, Nancy, vanished two months ago. Now she is showing viewers her resolve. Guthrie returned to the “Today” show on Monday morning — her first time co-hosting the flagship NBC morning show since Nancy’s disappearance. “It’s

By Chris Isidore, CNN (CNN) — For Connie Lear, driving even her hybrid car is a luxury she can rarely afford. Lear lives in the rural town of June Lake, California, a picturesque community of 300 people near Yosemite National Park and the Nevada state line. June Lake is part of Mono County, which has

By Bryan Mena, CNN Washington (CNN) — Muneeb Iqbal is set to graduate with a master’s degree in integrated design, business and technology from the University of Southern California next month, but he doesn’t have a job or internship lined up, despite the 4,000 applications he’s tallied over the past year. The 23-year-old told CNN

By Brian Stelter, Holly Yan CNN (CNN) — Savannah Guthrie showed viewers her grief and desperation when her mother, Nancy, vanished two months ago. Now she is showing viewers her resolve. Guthrie returned to the “Today” show on Monday morning — her first time co-hosting the flagship NBC morning show since Nancy’s disappearance. “It’s good

By Auzinea Bacon, CNN (CNN) — Oil prices pushed higher Sunday after President Donald Trump threatened to strike Iranian energy facilities if the Strait of Hormuz is not reopened. Brent crude, the global benchmark, rose 1.4% to $110.60. US crude rose 1.8% to $113.60. “Tuesday will be Power Plant Day, and Bridge Day, all wrapped

By Ramishah Maruf, CNN New York (CNN) — Buying clothes has always been challenging for Ann Lindsay. As a plus-sized 41-year-old, she finds many stores’ plus-size offerings too matronly or too expensive. Lately, it’s gotten worse: Last month, she noticed that her local Target in Chicago removed plus sizes entirely. There were significantly fewer options

By Stephanie Yang, CNN (CNN) — The dream of deploying humanoid robots in every home has created a new type of job. The only requirements are a head strap, a smartphone and a list of chores. With the evolution of artificial intelligence, humanoid robots have become the latest frontier in the race to dominate advanced

By Isaac Tellechea, CNN (CNN) — This year’s Easter baskets will come with a higher price tag and a little less chocolate, despite lower cocoa prices. Cocoa — the key ingredient in chocolate — has been steadily falling in price from its all-time high in 2024, when cocoa beans were trading for over $12,000 a

By Stephanie Yang, CNN Taipei, Taiwan (CNN) — One month into the war in Iran, a growing shortage of crude oil is threatening to morph into something worse: a shortage of nearly everything. The conflict in the Middle East has crimped oil and natural gas flows through the Strait of Hormuz, reducing global supply by