CNN Business/Consumer

By Lisa Eadicicco, CNN New York (CNN) — Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick confirmed on Tuesday that the US government is considering an extraordinary investment in struggling chipmaker Intel. But they gave different answers about what the Trump administration sought to do with that stake. Such a deal, if it were

By Chris Isidore, CNN (CNN) — Home Depot said Tuesday that some of its prices could be going up because of the cost of tariffs. America’s largest home improvement retailer has limited what it has said about the impact of tariffs on its prices before now. But after reporting quarterly results Tuesday, CFO Richard McPhail

By David Goldman, Chris Isidore, CNN (CNN) — Air Canada and a union representing the airline’s flight attendants have come to a tentative agreement, ending a days-long strike that canceled thousands of flights and stranded hundreds of thousands of passengers. “Flight attendants at Air Canada and Air Canada Rouge have reached a tentative agreement, achieving

By Ramishah Maruf, CNN New York (CNN) — Japan’s SoftBank will invest $2 billion into struggling American chipmaker Intel, the two companies announced Monday. SoftBank will pay $23 per share of Intel common stock (INTC), according to a statement from the companies. Intel shares rose 6% in after-hours trading. The news comes just days after

By Tami Luhby, CNN (CNN) — Novo Nordisk announced Monday that US patients can now get a month’s supply of Ozempic, the blockbuster diabetes drug, for $499, for those who pay for medications on their own and don’t go through insurance. The move comes as President Donald Trump is pressuring drugmakers to lower drug costs,

By Brian Stelter, Marshall Cohen, CNN (CNN) — Egregious lies about the 2020 presidential election are going to cost Newsmax $67 million. To avert a high-stakes trial, the right-wing cable channel has agreed to pay Dominion Voting Systems $27 million this month and another $40 million in the next two years. The settlement deal was

By John Towfighi, CNN (CNN) — It’s been a summer to remember for crypto. Bitcoin is eclipsing record highs, shares in crypto-related companies are soaring and Wall Street is rethinking its stance on the industry. Once on the fringes of finance, cryptocurrency is now being embraced by a growing base of enthusiastic investors — and

By Auzinea Bacon, CNN (CNN) — More than 10,000 Air Canada flight attendants who went on strike early Saturday will be ordered to return to work by the Canada Industrial Relations Board (CIRB), according to an announcement Saturday by Canadian Jobs Minister Patty Hajdu. The announcement comes after Air Canada, the country’s largest airline, suspended

By Brian Stelter, CNN (CNN) — A federal judge has blocked the Trump administration’s investigation of a liberal advocacy group known for its campaigns against Rupert Murdoch’s Fox News and Elon Musk’s X. Judge Sparkle L. Sooknanan cited evidence that the investigation, which was opened by the Federal Trade Commission last spring, was an act

By Bryan Mena, CNN Washington (CNN) — Americans are still opening their wallets, with unemployment remaining low and businesses blunting the effects of President Donald Trump’s widespread tariffs. But consumers remain skittish over Trump’s erratic trade war, according to recent surveys. Still, they haven’t cut back and consumer prices have remained somewhat tame. Businesses have

By John Towfighi, CNN New York (CNN) — An early rally faded on Friday and the Dow just missed out on closing at its first record high of the year. US stocks were mixed on Friday. The Dow closed higher by 35 points, or 0.08%. Meanwhile, the S&P 500 fell 0.29% and the tech-heavy Nasdaq

By Matthew Rehbein, Alexandra Skores, Paula Newton, CNN (CNN) — Canada’s biggest airline is poised to start canceling several dozen flights Thursday ahead of a weekend lockout of flight attendants that threatens to throw travel plans for tens of thousands into chaos during the peak summer season. Air Canada said it will gradually suspend operations

By Alicia Wallace, CNN (CNN) — US inflation on the wholesale level picked up steam in July, with prices rising by the fastest monthly pace since June 2022, new data showed Thursday. The latest Producer Price Index, which measures the average change in prices paid to producers, jumped 0.9% from June, lifting the annual rate

CNN By Matt Egan, CNN Las Vegas (CNN) — Geoffrey Hinton, known as the “godfather of AI,” fears the technology he helped build could wipe out humanity — and “tech bros” are taking the wrong approach to stop it. Hinton, a Nobel Prize-winning computer scientist and a former Google executive, has warned in the past

By Hadas Gold, CNN (CNN) — Alex Jones’ far-right platform Infowars can be sold once again to help pay the more than $1 billion he owes the families of Sandy Hook shooting victims, a Texas district court judge has ordered. Judge Maya Guerra Gamble said in a Wednesday hearing that Infowars’ parent company, Free Speech

By Brian Stelter, CNN (CNN) — The biting satire of “South Park” continues to gain momentum this summer, according to newly released ratings from Paramount. On cable, where the Comedy Central series originated 28 years ago, last Wednesday’s “South Park” was “its highest rated episode since 2018 and biggest share in series history,” the channel

By Samantha Delouya, CNN (CNN) — New York Attorney General Letitia James on Wednesday sued Early Warning Services (EWS), which operates Zelle, alleging the electronic money-transfer service fails to protect its users from “massive amounts of fraud.” The lawsuit alleges that EWS knew that key features of Zelle’s service made it susceptible to fraud, but

By Matt Egan, CNN Las Vegas (CNN) — Geoffrey Hinton, known as the “godfather of AI,” fears the technology he helped build could wipe out humanity — and “tech bros” are taking the wrong approach to stop it. Hinton, a Nobel Prize-winning computer scientist and a former Google executive, has warned in the past that

By Alicia Wallace, David Goldman, CNN (CNN) — EJ Antoni, President Donald Trump’s pick to lead the Bureau of Labor Statistics, is no longer considering suspending the monthly jobs report — one of the most crucial and historic measurements of US economic activity — after proposing the unprecedented action during an interview that published Tuesday.

By Clare Duffy, Lisa Eadicicco, CNN New York (CNN) — Artificial intelligence search company Perplexity has made an unsolicited, $34.5 billion offer to purchase Google’s Chrome browser, a surprise move by a Google Search challenger that’s looking to upend how people find information online. A Perplexity spokesperson confirmed to CNN the details of the offer,

By Jordan Valinsky, CNN New York (CNN) — Eastman Kodak, the 133-year-old photography company, is warning investors thats it might not survive much longer. In its earnings report Monday, the company warned that it doesn’t have “committed financing or available liquidity” to pay its roughly $500 million in upcoming debt obligations. “These conditions raise substantial

By Ramishah Maruf, Samantha Delouya, CNN New York (CNN) — Hours before President Donald Trump fired former Bureau of Labor Statistics commissioner Erika McEntarfer this month, E.J. Antoni appeared on former White House strategist Steve Bannon’s podcast to discuss the BLS’ monthly jobs report, which showed much-lower-than-expected numbers for July and shockingly steep revisions for

By Jordan Valinsky, CNN New York (CNN) — Taco Bell’s Mountain Dew Baja Blast is getting its first permanent new flavor in two decades, the chain’s latest push into the fast-growing beverage sector. The fast-food chain is rolling out Thursday “Baja Midnight,” a new, purple-hued version of the cult-favorite soda, which mixes passion fruit flavors

CNN, POOL By Elisabeth Buchwald, Phil Mattingly, CNN (CNN) — The United States and China agreed to pause tariff hikes on each other’s goods for an additional 90 days, according to an executive order signed by President Donald Trump on Monday. Without the agreement, tariffs were set to immediately surge, risking a return to ultra-high

By Elisabeth Buchwald, Phil Mattingly, CNN (CNN) — The United States and China agreed to pause tariff hikes on each other’s goods for an additional 90 days, a White House official told CNN. Without the agreement, tariffs were set to immediately surge, risking a return to ultra-high levels that had formed an effective blockade on

By Alicia Wallace, CNN (CNN) — The next batch of inflation data from the Bureau of Labor Statistics was already shaping up to be a high-profile affair due to the expected impact of President Donald Trump’s hefty tariffs. But after Trump fired the agency’s top statistician, Tuesday’s report now comes with some other, unexpected baggage.

By Clare Duffy, Phil Mattingly, Lisa Eadicicco, CNN New York (CNN) — Nvidia, the world’s most valuable company, has found itself caught in the middle of President Donald Trump’s historic trade war with China. The result: an extraordinary concession from a $4.5 trillion corporation that will give the United States a percentage of every high-end

From Reuters (CNN) — Four reactors at France’s Gravelines nuclear power plant were shut down late Sunday due to a swarm of jellyfish in the cooling systems, operator EDF said on Monday, likely due to rising water temperatures because of global warming. The plant in northern France is one of the largest in the country

By Jordan Valinsky, CNN New York (CNN) — AOL, an internet pioneer that brought millions of Americans online for the first time, is discontinuing its dial-up service next month. The company that brought the internet to the masses in the 1990s and early 2000s recently posted a notice on its website saying that it “routinely

By John Towfighi, CNN New York (CNN) — Wall Street traders embraced the term TACO — Trump always chickens out — earlier this year to describe President Donald Trump’s on-again, off-again position on tariffs. Trump liked to impose hefty import taxes but would inevitably back off when markets plunged, analysts said. Now Trump is calling