CNN Business/Consumer

By Chris Isidore, CNN (CNN) — General Motors on Thursday said it will lose another $6 billion as a result of its decision to pull back on electric cars. It comes on top of a $1.6 billion charge it disclosed in October for changes to its EV plans. It’s another sign of the significant cost

By Brian Stelter, CNN (CNN) — Paramount is not raising its bid for Warner Bros. Discovery above $30 per share — at least not yet. On Thursday, Paramount responded to WBD’s latest rejection letter by repeating its view that shareholders should support its hostile takeover bid. “Paramount’s offer is superior to WBD’s existing agreement with

By Alicia Wallace, CNN (CNN) — Americans are feeling increasingly hopeless about their employment prospects, new survey data showed Thursday. The probability of finding a job hit a record low of 43.1% in December, according to the Federal Reserve Bank of New York’s latest Survey of Consumer Expectations, a closely watched survey that has been

By Clare Duffy, CNN New York (CNN) — Character.AI has agreed to settle multiple lawsuits alleging the artificial intelligence chatbot maker contributed to mental health crises and suicides among young people, including a case brought by Florida mother Megan Garcia. The settlement marks the resolution to some of the first and most high-profile lawsuits related

By Brian Stelter, David Goldman, CNN (CNN) — Once again, Warner Bros. Discovery has chosen Netflix as its preferred suitor over Paramount. On Wednesday, the WBD board advised shareholders that last month’s revised offer from Paramount is still not as appealing as the existing agreement with Netflix — even though Paramount said it had addressed

CNN, POOL, @REALDONALDTRUMP , TRUTH SOCIAL, @realDonaldTrump / Truth Social By Kit Maher, Kaitlan Collins, David Goldman, CNN (CNN) — President Donald Trump said Tuesday night that Venezuela will turn over 30 million to 50 million barrels of oil to the United States, to be sold at market value and with the proceeds controlled by

By Kit Maher, Kaitlan Collins, David Goldman, CNN (CNN) — President Donald Trump said Tuesday night that Venezuela will turn over 30 million to 50 million barrels of oil to the United States, to be sold at market value and with the proceeds controlled by the US. Interim authorities in Venezuela will turn over “sanctioned

By John Liu, CNN Hong Kong (CNN) — China has banned exports of some rare earth elements and other items to Japan that could be used for military purposes, straining already tense relations between the two countries following the Japanese prime minister’s recent remarks on Taiwan. The sweeping restrictions on so-called dual-use items – goods,

By Lisa Eadicicco, CNN Las Vegas (CNN) — Nvidia just provided a closer look at its new computing platform for AI data centers, Vera Rubin, a release that could have major ramifications for the future of AI given the industry’s massive reliance on the company’s tech. Nvidia previously announced some details about Vera Rubin but

By Brian Stelter, CNN (CNN) — While describing the US military operation in Venezuela on Saturday, President Trump referenced a two-word title for his determination to dominate the Western Hemisphere. “They now call it the ‘Donroe Doctrine,’” Trump said, crediting unnamed others with the phrase. Like so many of Trump’s talking points, this one has

By Chris Isidore, John Liu, CNN (CNN) — In 2011, Tesla CEO Elon Musk dismissed Chinese electric vehicle maker BYD as a competitor. But some 14 years later, BYD beat the American EV pioneer at its own game. The Chinese car giant has overtaken Tesla as the world’s largest seller of EVs, according to 2025

By Nathaniel Meyersohn, CNN New York (CNN) — In New York City, the typical household spends more than half of its income on rent and 100,000 people sleep in homeless shelters every night. “This is what a full-blown affordability crisis looks like,” said Manhattan Borough President Mark Levine in a December report. Median rents in

By Luciana Lopez, Elijah Shama, Richard Quest, Erin Burnett, CNN (CNN) — Warren Buffett has worn many hats over the years: The stock-picking Oracle of Omaha. An avuncular, Dairy-Queen-eating, Coke-drinking product pitchman. A living symbol of capitalism and its complexities. But for generations of business leaders, the 95-year-old has also served as something else: a

By Hadas Gold, CNN (CNN) — One week ago, 23-year-old Nick Shirley was relatively unknown in the public sphere. But in recent days, he has gained hundreds of thousands of followers and millions of views, amplified by Elon Musk, Vice President JD Vance and FBI Director Kash Patel. The MAGA leaders promoted Shirley’s video of

By Jordan Valinsky, CNN New York (CNN) — Lululemon’s former CEO Chip Wilson is once again slamming the struggling company he founded, and he’s launching a campaign to shake up its board. Wilson, Lululemon’s controversial founder and second largest shareholder, announced Monday that he nominated three new directors, including former executives from ESPN and Activision,

COLUMBIA PICTURES, LIONSGATE, A24, WALT DISNEY PICTURES, 20TH CENTURY STUDIOS, CNN By Auzinea Bacon, CNN (CNN) — Moviegoers flocked to theaters for Disney’s “Avatar: Fire and Ash” on the last weekend of the year, solidifying the sci-fi adventure film’s place as one of the biggest blockbusters of 2025. The third installment of director James Cameron’s

By David Goldman, CNN (CNN) — A soaking wet George Bailey and Clarence, warming up by the fire in the toll house on the bridge, discuss why Clarence jumped into the freezing water. It was to help George, Clarence tells him. “Only one way you can help me,” George says sarcastically. “You don’t happen to

CNN By Toni Odejimi, Rafael Romo, CNN (CNN) — A lucky Powerball ticket holder in Arkansas has won an estimated $1.8 billion jackpot, the second largest in US lottery history, after matching all six numbers in Monday’s drawing. The winning ticket, sold at a Murphy USA gas station in Cabot, Arkansas, matched 4, 25, 31,

By Chris Isidore, CNN (CNN) — For years, a huge Amazon contract has been one of the few bright spots in the US Postal Service’s finances. But now the USPS plans to offer those last-mile services to additional customers to stem billions in ongoing losses – a move that risks losing its biggest customer. The

By Elisabeth Buchwald, CNN (CNN) — An initial reading of third-quarter gross domestic product showed the US economy expanded at an inflation-adjusted annualized rate of 4.3%, a far faster pace than the 3.8% recorded in the second quarter, according to Commerce Department data released Tuesday. That’s the fastest growth rate in two years. An acceleration

By Brian Stelter, CNN (CNN) — Earlier this month, after President Donald Trump blasted “60 Minutes” for interviewing Marjorie Taylor Greene, correspondents noticed a change behind the scenes. “Bari Weiss got personally involved,” specifically with stories about politics, a source at the program told CNN. It was her prerogative as the new editor-in-chief of CBS

CNN By Auzinea Bacon, CNN (CNN) — Popular Kentucky bourbon maker Jim Beam plans to pause production at its main distillery on January 1, according to the James B. Beam Distilling Co. The decision comes as Kentucky faces an increasing supply of aging barrels and uncertainty over President Donald Trump’s trade wars. Kentucky has an

By Auzinea Bacon, CNN (CNN) — Moviegoers escaped into director James Cameron’s sci-fi universe this weekend, driving the third installment of the “Avatar” franchise to an estimated $88 million domestically. The opening was shy of analysts’ expectations that it could earn more than $100 million in its first weekend. The first “Avatar” movie debuted in

WALT DISNEY PICTURES, PARAMOUNT PICTURES, LIONSGATE, ANGEL STUDIOS, 20TH CENTURY STUDIOS, CNN By Auzinea Bacon, CNN (CNN) — Moviegoers escaped into director James Cameron’s sci-fi universe this weekend, driving the third installment of the “Avatar” franchise to an estimated $88 million domestically. The opening was shy of analysts’ expectations that it could earn more than

By Michelle Watson, Karina Tsui, CNN (CNN) — The Powerball jackpot is up to an estimated $1.6 billion after there were no big winners in Saturday night’s drawing. The winning numbers Saturday were 4, 5, 28, 52 and 69, with red Powerball 20. The jackpot for the next drawing – on Monday night – is

By Clare Duffy, CNN New York (CNN) — TikTok has signed the deal backed by President Donald Trump to spin off its US assets to create a new entity with a group of mostly American investors, CEO Shou Chew told employees in a memo Thursday. Although the transaction is not yet complete, the move brings

By Matt Egan, Chris Isidore, Laura Paddison, Ella Nilsen, CNN (CNN) — Truth Social parent company Trump Media & Technology Group announced a deal on Thursday to merge with nuclear fusion company TAE Technologies. The surprise merger drove shares of Trump Media 28% higher before the market open. The companies said the all-stock transaction is

By Alicia Wallace, CNN (CNN) — Inflation unexpectedly – and sharply – slowed in November, a seemingly welcome change for Americans weighed down by the persistently high cost of living. However, economists were quick to caution Thursday that the Consumer Price Index slowing to 2.7% from 3% was likely the result of shutdown-related distortions of

By Elisabeth Buchwald, CNN (CNN) — It’s been a rough year for job seekers. The last thing they wanted was a Spotify Wrapped-style reminder of that. They got one anyway, when LinkedIn launched an inaugural Year in Review. The summaries informed users how many days they visited the platform, how many new connections they made