By Clare Duffy, CNN New York (CNN) — Apple just showed how it plans to incorporate artificial intelligence across all its major products, from translating phone calls to giving the Mac a smarter search bar and more. The updates aren’t as splashy as announcements from the past two years, which heralded big changes with the
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By John Liu and Phil Mattingly, CNN Hong Kong/Washington (CNN) — Trade negotiations between the United States and China will continue on Tuesday in London, with both sides trying to preserve a fragile truce brokered last month. President Donald Trump has authorized his trade negotiating team, led by Treasury Secretary Scott Bessent, to ease up
Continue ReadingBy Samantha Delouya, CNN (CNN) — A long-held stake by a handful of hedge funds may finally yield returns under the Trump administration, but it risks sending shockwaves through America’s $12 trillion mortgage market. Last month, President Donald Trump said he had plans to take mortgage financing giants Fannie Mae and Freddie Mac public. Such
Continue ReadingBy Auzinea Bacon, CNN (CNN) — National Economic Council Director Kevin Hassett said Sunday that he is “very comfortable” with a trade deal closing between the United States and China after the two sides meet Monday in London. Hassett’s comments on CBS’ “Face the Nation” come after President Donald Trump said last week that he
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By Brian Stelter, CNN (CNN) — Veteran ABC News correspondent Terry Moran was suspended Sunday after he posted a highly critical assessment of President Donald Trump and Trump’s deputy chief of staff Stephen Miller on the social media platform X. In the missive, which was posted shortly after midnight, Moran said both Trump and Miller
Continue ReadingBy Brian Stelter, CNN (CNN) — A climate of fear is perceptible in the United States today, and it must be resisted no matter what, CBS News correspondent Scott Pelley says. “People are silencing themselves for fear that the government will retaliate against them, and that’s not the America that we all love,” Pelley told
Continue ReadingBy Wayne Chang, CNN Taipei, Taiwan (CNN) — In the largest single foreign investment in US history, Taiwan Semiconductor Manufacturing Company has unveiled a $100 billion investment, drawing global attention and prompting concern in Taiwan. TSMC, which produces more than 90% of the world’s advanced semiconductor chips that power everything from smartphones and artificial intelligence
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By Auzinea Bacon, CNN (CNN) — Demonstrations against tech billionaire Elon Musk are continuing, even after the Tesla CEO stepped away from his role leading the Department of Government Efficiency and engaged in an all-out feud this week with Donald Trump over the president’s massive tax and domestic policy bill known as the “big, beautiful
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By Jeanne Sahadi, CNN (CNN) — Much has changed in the crypto landscape over the past year and a half. And with it, so may more investors’ minds about cryptocurrencies — especially bitcoin, the (very young) granddaddy of them all. Crucially, crypto has gained greater acceptance among regulators and large institutional investors as an asset
Continue ReadingBy Allison Morrow, CNN New York (CNN) — We live in the golden age of grift. Most of us can’t go a day without at least one scammy text about an unpaid toll or a call from an unknown number with a shockingly human-like AI voice on the other side. The scale of the scam
Continue ReadingBy Nectar Gan, CNN Hong Kong (CNN) — US President Donald Trump said Chinese leader Xi Jinping has agreed to restart the flow of crucial rare earth materials, after announcing a new round of US-China trade talks will be held in London on Monday. Trump made the comments a day after holding his long-awaited phone
Continue ReadingBy Jeanne Sahadi, CNN (CNN) — When people think of Social Security, they typically think of monthly benefits — for the roughly 69 million retirees, disabled workers, dependents and survivors who receive them today. But efforts by the Department of Government Efficiency this year to access the Social Security Administration’s data systems should conjure up
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By Phil Mattingly, CNN (CNN) — The staggering and exceedingly public rupture in the world’s most consequential and unprecedented partnership was a long time coming. But the surreal state of suspended animation that consumed Washington as President Donald Trump and Elon Musk traded escalating blows on social media obscured a 48-hour period that illustrated a
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By Samantha Waldenberg and David Goldman, CNN (CNN) — President Donald Trump announced Friday that US and Chinese officials will meet in London on Monday to discuss trade between the two nations. “I am pleased to announce that Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and United States Trade Representative, Ambassador
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By John Towfighi, CNN New York (CNN) — Wall Street this week cautiously rallied, betting President Donald Trump might take a softer tone on his trade war. Investors on Friday got their wish as the president said the next round of US-China trade talks is set to take place on Monday. The S&P 500 on
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By Marshall Cohen, CNN Washington (CNN) — Hunter Biden on Friday dropped a lawsuit against Fox News that accused the conservative network of unlawfully airing sexually explicit images of him. This is the second time Hunter Biden has filed and then voluntarily dismissed a lawsuit against Fox News. The cases stemmed from a 2022 digital
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By Jordan Valinsky, CNN New York (CNN) — Lululemon’s stock is on pace for one of its biggest routs in history after the athleisure maker warned that tariffs will dent its profit. The company cut its full-year guidance citing a “dynamic macroenvironment” that includes a decline in visits to its US stores, the impact of
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By Natasha Chen, CNN Lose Angeles (CNN) — Part of the massive domestic policy bill currently moving through Congress known as the “Big Beautiful Bill,” includes an unprecedented $5 billion national school voucher program. Republicans have long advocated for so-called school choice, but critics have labeled the initiative a tax cut for the wealthy. Sending
Continue ReadingBy Alicia Wallace, CNN (CNN) — The Trump administration’s statements and actions aimed at curtailing the number of international students in the US have sent a chill of uncertainty through higher education institutions. These American schools have become more reliant on the higher tuition paid by international students as state and federal support has waned.
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By Chris Isidore, CNN (CNN) — Even with new tariffs on imported cars and car parts, American car buyers paid slightly less in May for new vehicles. Data from Edmunds.com on Thursday showed that the the average price paid for new cars edged down 0.2% to $48,334 last month compared to April. The dip came
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By Alicia Wallace, CNN (CNN) — The long-resilient US labor market slowed down a little in May, adding 139,000 jobs, according to Bureau of Labor Statistics data released Friday. Last month’s job gains, which came in slightly more than expected, marked a retreat from April, which was downwardly revised to 147,000. The unemployment rate held
Continue ReadingBy Chris Isidore, CNN (CNN) — Tesla stock soared in the months after the November presidential election because investors were convinced Donald Trump was about to do massive favors for his largest financial backer, Tesla CEO Elon Musk. But Trump can also do great damage to Musk’s many business interests. The risk of that damage
Continue ReadingBy Brian Stelter, CNN (CNN) — Shari Redstone, the media mogul who has been trying to sell Paramount in a politically fraught transaction, is undergoing treatment for cancer. Redstone “was diagnosed with thyroid cancer earlier this spring,” her spokesperson said in a statement. “While it has been a challenging period, she is maintaining all professional
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By Clare Duffy and Amy O’Kruk, CNN (CNN) — An intense public feud erupted on Thursday between President Donald Trump and his one-time ally, billionaire Elon Musk, with an argument about Trump’s massive tax and domestic policy bill raging across social media and in the Oval Office. Tensions began rising on Tuesday, when Musk blasted
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By Alicia Wallace, CNN (CNN) — The Consumer Price Index is more than just the most widely used inflation gauge and a measurement of Americans’ purchasing power. Its robust data plays a key role in the US economy’s trajectory as well as monthly mortgage payments, Social Security checks, financial aid packages, business contracts, pay negotiations
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By Liam Reilly, CNN (CNN) — Anna Gomez, soon to be the lone Democrat on the Federal Communications Commission, has been sounding the alarm about President Donald Trump’s “weaponization” of her agency against the press. And now she’s taking it on the road. Gomez has embarked on a “First Amendment Tour” of planned speeches across
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By Liam Reilly, CNN (CNN) — UnitedHealthcare sued The Guardian and its parent on Wednesday for defamation, claiming the US version of the British daily newspaper ran information it knew to be incorrect in order to “capitalize” on the assassination of the medical insurer’s CEO. The article in question was produced and published by The
Continue ReadingBy Jordan Valinsky, CNN New York (CNN) — Michaels is jumping into the void left by the collapse of Joann, announcing Thursday that it’s buying the fabric retailer’s private label and drastically expanding its sewing selection. In a press release, Michaels said that searches on its website for the word “fabric” have jumped nearly 80%
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By Anna Cooban, CNN London (CNN) — The European Central Bank on Thursday cut its main interest rate again, citing slowing price rises. The widely anticipated move takes the ECB’s main rate to 2%, from 2.25% previously, and marks the eighth time the central bank has slashed borrowing costs since last June as inflation has
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By John Towfighi, CNN New York (CNN) — Stablecoins are on the verge of going mainstream, analysts say, as a landmark regulatory bill makes its way through Congress. The Senate is deliberating the GENIUS Act, which would provide a framework for regulating stablecoins. The bill last week passed a major procedural hurdle in the Senate
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