Biz/Tech

By David Goldman, CNN (CNN) — The bond market is in an unrelenting sell-off. In the latest dubious milestone for US Treasuries, the yield on the 10-year benchmark note just hit its highest level since the dot-com bust.American government bonds remain the world’s most important financial market, widely considered the safest place for investors to

By Ramishah Maruf, CNN New York (CNN) — The CEO who helped bring the “Barbie” movie to the big screen is slated to co-lead the anticipated Paramount and Warner Bros. Discovery mega-company.Ynon Kreiz, the former chief executive of Mattel, will be a co-CEO of the combined company, Paramount chairman and CEO David Ellison announced Wednesday

By Brian Stelter, Liam Reilly, CNN (CNN) — Paramount entered the final stages of merging with Warner Bros. Discovery on Wednesday afternoon, when a federal judge approved last week’s settlement of an antitrust lawsuit filed by state attorneys general.Minutes after Judge Araceli Martínez-Olguín issued an order accepting the settlement, Paramount CEO David Ellison announced that

By John Towfighi, CNN New York (CNN) — It’s been a brutal month for bonds — but stocks mostly shrugged off the turmoil.Bond yields hit their highest levels in years, Brent crude rose back above $100 per barrel and central banks around the globe raised interest rates. Yet the S&P 500 ended the month close

By Elisabeth Buchwald, CNN (CNN) — Despite skyrocketing gas prices, the US economy was remarkably resilient this spring.Gross domestic product grew at a 2.2% inflation-adjusted annualized pace in the second quarter, a sharper rebound than the 1.5% rate previously estimated as stronger consumer spending and business investment helped power growth.Economists were expecting the prior reading

By Marshall Cohen, CNN New York (CNN) — Prediction site Polymarket rolled out new consumer protections and anti-addiction measures Wednesday, as a growing number of policymakers call for more regulation of the booming industry.Prediction sites have exploded in popularity this year, with billions of dollars wagered on everything from sports to elections, entertainment and even

By Samantha Delouya, CNN (CNN) — Billionaire hedge fund manager Ken Griffin is doubling down on Miami, announcing on Wednesday a $3 billion donation to help fund a new campus for Carnegie Mellon University in the city.The staggering amount is the largest-ever gift by an individual in higher education, surpassing Michael Bloomberg’s $1.8 billion donation

By Elisabeth Buchwald, CNN (CNN) — Here we go again: President Donald Trump’s sweeping global tariffs are back under the legal microscope.On Wednesday, a three-judge panel at the US Court of International Trade is set to hear arguments in a case that could determine whether the president can use a 1970s trade law to impose

By Kristen Holmes, Alayna Treene, Betsy Klein, Brian Stelter, CNN (CNN) — Millions of taxpayer dollars have already been spent on President Donald Trump’s hagiographic ads, according to estimates by a leading political ad-tracking firm. And a total of $20 million has been allocated for the effort, which watchdog groups have deemed illegal.The TV airtime

By Chris Isidore, Lisa Eadicicco, CNN (CNN) — Anthropic says its AI models could pose a “catastrophic or existential risk to humanity” and can “resist shutdown,” according to an initial public offering prospectus obtained by Reuters.Anthropic is pursuing an IPO some time in the next year that many expect to value the five-year-old company at

By Alicia Wallace, CNN (CNN) — Millions of Americans may need to find an entirely new career in the next decade, according to research released Tuesday.An estimated 11 million workers, or about 6.5% of the current labor force, might have to jump into entirely different occupations by 2035 as a result of automation and artificial

By Clare Duffy, CNN New York (CNN) — Apple says its decision to remove ICEBlock and similar platforms from the app store last year was prompted by concerns — including those raised by the Trump administration — about agent safety following a fatal shooting that left two detainees dead at a Dallas Immigration and Customs

By Hadas Gold, Adam Cancryn, CNN (CNN) — President Donald Trump said Tuesday that top tech executives had signed a new commitment aimed at better “self-policing” their companies’ AI models, arguing that the light-touch approach represents the best way to balance safety concerns with his desire to accelerate a technology that he’s dubbed “Super Intelligence.”Flanked

By Tami Luhby, CNN (CNN) — President Donald Trump’s order to levy 100% tariffs on certain patented pharmaceutical products and ingredients takes effect on Tuesday.But experts question the extent to which the move will achieve its goal of spurring more drug manufacturing in the US. That’s because the burden will fall most heavily on small

By Elisabeth Buchwald, Matt Egan, CNN (CNN) — President Donald Trump’s ban on Canadian booze kicked in on Tuesday, an unprecedented move that underscores the breakdown in one of the closest trading relationships in the world.The ban, which impacts $800 million worth of Canadian alcoholic beverages the US imported last year, marks the latest salvo

By Auzinea Bacon, CNN (CNN) — OpenAI said it won’t release its latest model, dubbed GPT-6.1 Astra, because it “didn’t quite meet the bar” for safety.The decision, which the Wall Street Journal first reported on Monday, comes as industry leaders call for an AI development slowdown. Anthropic CEO Dario Amodei first proposed “pacing the frontier”

By Chris Isidore, CNN (CNN) — Chipmaker Nvidia said Monday it is introducing a new software platform to address concerns about artificial intelligence agents that have “gone rogue” and operated outside human control.“Today, with over 100 industry partners, we introduced the NVIDIA Open Agent Safety Platform,” Nvidia CEO Jensen Huang wrote in a post on

By Hanna Ziady, CNN London (CNN) — The United States and China have agreed to slash tariffs on $60 billion worth of goods, deepening efforts to stabilize a frequently testy relationship.The tariff relief extends to an array of products, from US coal and agricultural products to made-in-China toys, car seats and holiday decorations.The announcement from

By Lisa Eadicicco, CNN (CNN) — Meta wants its new Muse AI agent to be the gateway to users’ digital lives. But that all depends on whether popular apps and services are willing to give it the keys.Agents go a step beyond how most people have used AI up to this point. Instead of simply

By David Goldman, CNN (CNN) — The US economy may have a new problem: It’s too strong.America’s cost-of-living concerns and a bond market meltdown aren’t functions of a sputtering economy that’s running out of gas. Quite the opposite.Prices and interest rates are rising too quickly for comfort for three primary reasons: the global energy shock

By Chris Isidore, Tami Luhby, CNN (CNN) — John Yeley has spent the last 26 years working on his farm, which his family has owned since 1852.Yeley is the seventh generation to run his farm in Illinois, just over the state line from Indiana. Although he plans to keep doing so, he’s not sure he

By Nathaniel Meyersohn, CNN New York (CNN) — Matthew Clayton is good at computers, so he gets assigned a dreaded task by his family members: helping them schedule their DMV appointments online in North Carolina.North Carolina’s Division of Motor Vehicles has long been considered among the worst of the worst. “It’s as broken as everyone

By Elisabeth Buchwald, CNN (CNN) — Attention, protein maxers: One of your highly coveted ingredients is taking center stage in the escalating trade war between the United States and Canada.Whey, the workhorse ingredient behind protein powders and a growing universe of high-protein foods, is getting caught in the crossfire.Canada imposed 50% tariffs on American whey,

By Auzinea Bacon, CNN (CNN) — OpenAI said Friday that some of its AI agents went rogue and probed US government websites this summer — the latest revelation of the artificial intelligence company’s technology.The New York Times first reported that the AI agents went rogue and attempted to gain access to the Education Department, the

By Jordan Valinsky, CNN New York (CNN) — As the alcohol industry deals with a dreary environment in the US, Aperol’s parent company hopes a brightly colored aperitif imported from Italy will entice drinkers.Campari Group is making its biggest investment ever for the US launch of Sarti Rosa, a tropical pink-colored aperitivo liqueur made for

By Clare Duffy, Hadas Gold, CNN New York (CNN) — The Department of Defense can blacklist Anthropic’s artificial intelligence technology, a federal appeals court ruled on Friday. The decision is a blow to Anthropic after it won a separate challenge in a California court in August that partially invalidated the Trump administration’s label.The Trump administration

By John Towfighi, CNN New York (CNN) — Bonds had a wild week, with yields around the globe spiking to their highest levels in decades. Bond market volatility increased at its fastest pace in months. That’s making investors concerned that the turbulence could spill into the stock market.The bond market’s “fear gauge,” which tracks expected

By Alicia Wallace, CNN (CNN) — US consumer sentiment fell to its second-lowest level on record in September as high gas prices further soured Americans’ views of the economy.The University of Michigan’s consumer sentiment index for September dipped to 48.1, notching a 7% decline from August and a nearly 13% drop from a year ago,

By Brian Stelter, CNN (CNN) — The major networks in the White House TV pool are resuming coverage of presidential events this morning after pausing for several days after President Donald Trump banned CNN.CNN and other networks showed pool footage on Friday morning of Trump greeting Chinese leader Xi Jinping outside the White House South

By Matt Egan, CNN New York (CNN) — In January 2024, then-presidential candidate Donald Trump blasted the Biden administration for freezing approvals for new plants to export US liquefied natural gas.When he won the election, in part by slamming the Biden-Harris “war on energy,” Trump vowed in his second inaugural address: “We will bring prices