CNN Business/Consumer

By Ramishah Maruf, Clare Duffy, CNN New York (CNN) — Salesforce billionaire Marc Benioff backtracked on Friday from comments suggesting President Donald Trump should send the National Guard to San Francisco. The tech CEO’s remarks initially drew a wave of criticism. “Having listened closely to my fellow San Franciscans and our local officials, and after

By Lisa Eadicicco, CNN (CNN) — Instagram will launch new safety features for teens, including the ability for parents to prevent their kids from chatting with the platform’s AI characters, parent-company Meta announced Friday. It’s one of several new safety features from Meta and OpenAI meant to combat growing concerns about how AI could impact

By Marshall Cohen, CNN Washington (CNN) — The Justice Department on Thursday filed foreign bribery charges against Smartmatic, the voting technology company that is suing Fox News and other prominent pro-Trump figures for defamation over their promotion of 2020 election lies. The bribery and money laundering charges against Smartmatic arose from an existing case filed

By Jordan Valinsky, CNN New York (CNN) — OpenAI announced that it has “paused” users’ ability to generate videos of Martin Luther King Jr. on its artificial intelligence video tool Sora, following backlash over “disrespectful depictions.” “While there are strong free speech interests in depicting historical figures, OpenAI believes public figures and their families should

By Lisa Eadicicco, CNN (CNN) — Lindsey Martin’s electricity bill reached $314 in July, the highest bill she had received this year until that point, she said on TikTok. In the video’s more than 4,000 comments, many users reported similar power-bill spikes. Martin’s bill jumped even higher in August to $372, a notable leap from

By Elisabeth Buchwald, CNN (CNN) — Several financial groups are wrestling with bad loans, raising worries on Wall Street of more to come. For weeks, investors have focused on Jefferies Financial Group, an investment bank that has at least $45 million worth of exposure to First Brands, an auto-parts supplier that filed for bankruptcy last

By John Towfighi, CNN New York (CNN) — US stocks closed lower Thursday as jitters spread on Wall Street about credit market turmoil and regional banks’ exposures to bad loans. The Dow fell 301 points, or 0.65%. The broader S&P 500 dropped by 0.63%, and the tech-heavy Nasdaq Composite moved 0.47% lower. Volatility has returned

By Ana Nicolaci da Costa, CNN London (CNN) — Nestlé will cut around 16,000 jobs worldwide over the next two years as it works to slash costs, including through automation, the world’s largest food company said Thursday. Most of the layoffs – about 12,000 – will affect white-collar professionals as Nestlé targets “operational efficiency,” including

By Clare Duffy, CNN New York (CNN) — “Good morning, my fellow federal furloughed employees!” That’s the start of one of scores of TikTok videos that have been posted by federal workers in the two weeks since the government shutdown began. A growing number of affected employees — both furloughed workers and essential staffers who

By Jack Guy, CNN (CNN) — An upcoming version of popular chatbot ChatGPT will relax existing restrictions to allow more content, including erotica, for verified adult users, according to OpenAI chief Sam Altman. Altman said in a post on X published Tuesday that the move is part of a drive to “treat adult users like

By Ramishah Maruf, CNN New York (CNN) — New car buyers can expect to shell out an average of more than $50,000 for the first time, according to a report from Kelley Blue Book. The average price customers paid for a new vehicle in the US was $50,080 in September, a reflection in part of

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve is doing a difficult balancing act, trying to tamp down inflation while lifting up the job market, Chair Jerome Powell said Tuesday. “There is no risk-free path for policy as we navigate the tension between our employment and inflation goals,” Powell said in prepared remarks

By Jordan Valinsky, CNN New York (CNN) — Walmart is partnering with OpenAI to let users browse and make purchases directly through its popular chatbot ChatGPT, as the world’s largest retailer looks to use AI to leapfrog rival Amazon in online shopping. Walmart CEO Doug McMillon said in an announcement Tuesday that the retailer’s current

By Ana Nicolaci da Costa, CNN London (CNN) — Higher US tariffs have so far had a smaller impact globally than expected, but it would be “premature and incorrect” to conclude they have had no effect on economic growth, the International Monetary Fund said Tuesday. The IMF slightly upgraded its expectations for global and US

By Clare Duffy, CNN New York (CNN) — Instagram is further cracking down on what millions of young people can see on the platform, aligning its “Teen Accounts” safety settings with the guidelines for PG-13 movies. The Meta-owned platform launched teen accounts last year, its most dramatic effort yet to protect young people following years

By Brian Stelter, CNN (CNN) — The Pentagon is telling beat reporters to sign restrictive new rules by Tuesday or surrender their press passes by Wednesday. Virtually every news outlet is rejecting the ultimatum and saying they will not sign. The Pentagon Press Association, a body that represents the beat reporters, says the new policy

By John Towfighi, CNN New York (CNN) — Cryptocurrencies plunged in value on Friday in a short but significant flash crash, leaving investors with billions of dollars in losses and highlighting the volatility associated with the industry. Traders were jolted after President Donald Trump threatened new tariffs on imports from China, sparking a sell-off in

By Lisa Eadicicco, CNN (CNN) — OpenAI is partnering with Broadcom to design and develop 10 gigawatts of custom AI chips and systems, a massive amount of power that will use as much electricity as a large city. The move further highlights just how power intensive the AI boom has become. It’s the latest partnership

By Jordan Valinsky, CNN New York (CNN) — JPMorgan Chase on Monday announced a massive investment plan that places a substantial bet on industries it thinks are critical to the United States’ economic security. As part of the decade-long initiative, the bank said it’s investing $10 billion in select companies that are primarily based in

AFFIRM FILMS, UNIVERSAL PICTURES, WARNER BROS. PICTURES, PARAMOUNT PICTURES, WALT DISNEY PICTURES, CNN By Auzinea Bacon, CNN (CNN) — Disney’s “Tron: Ares” revved up to gross about $33.5 million at the domestic box office, notching the top spot for the weekend. The third installment of the decades-old “Tron” franchise fell short of analysts’ expectations of

By Auzinea Bacon, CNN (CNN) — President Donald Trump’s threat to impose an additional 100% tariff on imports from China sparked a massive cryptocurrency sell-off late Friday that exposed risky leverage in the space. Digital currencies bitcoin, ether and solana were among the most affected cryptocurrencies, bringing total liquidations to $18.28 billion as of 3:47

By Auzinea Bacon, CNN (CNN) — Tech giant Nvidia is the world’s leading artificial-intelligence chipmaker, but the company’s success has also put it in the crossfire of trade tensions. The Santa Clara, California-based company, which is approaching a market capitalization of $5 trillion, has seen rapid growth due to its chips, which are predominantly used

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump announced he will impose an additional 100% tariff on goods from China, on top of the 30% tariffs already in effect, starting November 1 or sooner. The threat is a massive escalation after months of a trade truce between the two nations. “The United States of

By Vanessa Yurkevich, CNN New York (CNN) — Build-A-Bear Workshop, the nearly 30-year-old toy brand, is having a breakout moment, eclipsing some of Wall Street’s biggest winners by targeting customers across a broad age range. The toy company’s revenue grew 11% in the second quarter to a record $124.2 million, and it even raised full-year

By John Towfighi, CNN New York (CNN) — US stocks closed sharply lower Friday after President Donald Trump threatened to hike tariffs on imports from China, reigniting fears of a trade war that rocked global markets earlier this year. The Dow fell 879 points, or 1.9%. The broader S&P 500 dropped 2.71% and the tech-heavy

By Bryan Mena, CNN Washington (CNN) — Persistent worries about the higher cost of living and few job opportunities pushed consumer sentiment down to its seventh-lowest level on records going back to 1952. Consumer sentiment edged a hair lower early this month to a preliminary reading of 55, the University of Michigan said Friday —

By Jeanne Sahadi, CNN (CNN) — The IRS on Thursday announced adjustments it is making to a host of line items on your federal tax return for this year and next. Those updates are the result of changes in inflation but also due to provisions in the new tax law enacted in July. How the

By Elisabeth Buchwald, CNN (CNN) — The Trump administration has finalized plans to provide a $20 billion lifeline to Argentina, Treasury Secretary Scott Bessent said Thursday via social media. Additionally, the United States “directly” purchased Argentine pesos, Bessent said, a rare move that marks the latest step in an attempt to stabilize the country’s financial

By Clare Duffy, CNN New York (CNN) — YouTube on Thursday will begin offering previously banned users the opportunity to create new accounts and potentially re-publish some videos that may have contributed to their termination but no longer violate YouTube’s rules. YouTube last month announced the plan to allow previously banned users and their content