Money

By Elisabeth Buchwald, CNN (CNN) — For generations, the formula for getting ahead in America seemed straightforward: Go to college, work hard, save your money, buy a home and climb the economic ladder. Today, that formula increasingly depends on something many Americans can’t control: whether their family has the financial means to help along the

By Brian Stelter, CNN (CNN) — Lawyers for the 12-state coalition trying to block the Paramount–Warner Bros. Discovery deal argued in court on Friday that a temporary restraining order (TRO) is necessary to stop the companies from completing the merger. Judge Araceli Martínez-Olguín also heard Paramount’s arguments against the TRO. As CNN reported earlier this

By Bryan Mena, CNN Washington (CNN) — Lower gas prices helped Americans feel more optimistic about the economy early this month, though that relief might be short lived if the conflict in the Middle East continues to intensify. The University of Michigan’s latest survey of Americans, released Friday, showed that consumer sentiment surged 10% early

By John Towfighi, Chris Isidore, CNN (CNN) — Stocks in Asia and the United States fell Friday after technological advances announced by a Chinese artificial intelligence company intensified concerns that the AI spending spree driving this year’s market rally could be at risk. Chinese startup Moonshot AI unveiled Kimi K3, a new open-source model that

By Jordan Valinsky, CNN Dallas (CNN) — The future of Chili’s looks a lot like its past. Red-leather booths, a staple of Chili’s restaurants in the 1990s, are coming back to dining rooms. So are the colorful tile tables, but without the grout that made them difficult to clean. And the walls will be adorned

By Samantha Delouya, CNN (CNN) — For years, buying a home in need of work was seen as a more affordable path to homeownership and building wealth. Home makeover shows dominated TV, house-flipping became a booming business, and first-time buyers embraced the idea of trading sweat equity for a lower purchase price. But lately, fixer-uppers

By John Towfighi, CNN (CNN) — Truth Social will sell Wall Street firms quicker access to market-moving posts from President Donald Trump, the company said on Thursday. Truth Social, owned by Trump Media & Technology Group (DJT), has become the president’s go-to place for announcing policy decisions. The president’s posts frequently move markets, from stocks

By Samantha Delouya, CNN (CNN) — Geopolitical tensions are rippling through America’s housing market, adding to the financial strain on homebuyers. This week, the average rate on a 30-year fixed mortgage climbed to 6.55% — its highest level in nearly a year — after renewed strikes in Iran rattled financial markets. The increase all but

By David Goldman, CNN (CNN) — US gas prices have rocketed higher during the on-again, off-again war with Iran. After a brief respite, the average price for gas has surged 15 cents in a week to $3.94 a gallon and appears headed north of $4 again. Diesel, which shows up in customers’ shipping costs, topped

By Phil Mattingly, CNN (CNN) — A Reporter’s Notebook from four cities, 5,000 miles, three dozen interviews and the people I can’t stop thinking about. We were a few minutes into a drive when Jolene Simecek said something that left me speechless. She was steering me through Parma, Ohio, narrating the new subdivisions as they

By Bryan Mena, CNN Washington (CNN) — Spending at US retailers last month was weaker than expected, despite the World Cup drawing tourists from around the world and online sales events. Retail sales rose 0.2% in June from the prior month, the Commerce Department said Thursday, down sharply from May’s revised 1% increase. That was

By Clare Duffy, CNN Rochester, Minn. (CNN) — Preparing to meet with a patient can require Mayo Clinic internal medicine physician Dr. Alexander Ryu to sort through dozens, or even hundreds, of pages of medical records. Many patients visit the renowned clinic looking for a third or fourth opinion, carting with them unsorted documents from

CNN, MAYO CLINIC, SCALE, GETTY IMAGES By Clare Duffy, CNN Rochester, Minn. (CNN) — Preparing to meet with a patient can require Mayo Clinic internal medicine physician Dr. Alexander Ryu to sort through dozens, or even hundreds, of pages of medical records. Many patients visit the renowned clinic looking for a third or fourth opinion,

By Stephanie Yang, Anna Cooban, Hanna Ziady, CNN (CNN) — The United States plans to impose a 25% tariff on some Brazilian imports from next week, after a yearlong investigation concluded that the country had engaged in “unfair” trade practices. It’s one of the first new tariffs to be imposed since President Donald Trump pledged

By Brian Stelter, CNN (CNN) — The New York Times has taken legal action to challenge unusual subpoenas issued to several of its reporters last week. The subpoenas, which attempt to compel the reporters to testify before a grand jury about their anonymous sources, were “abusive and improper” and should be quashed by a court,

By Brian Stelter, CNN (CNN) — The New York Times has taken legal action to challenge unusual subpoenas issued to several of its reporters last week. The subpoenas, which attempt to compel the reporters to testify before a grand jury about their anonymous sources, were “abusive and improper” and should be quashed by a court,

By Ramishah Maruf, CNN New York (CNN) — Elon Musk’s xAI sued a user on Tuesday, alleging he used the Grok chatbot to create child sexual abuse materials. It’s one of the first lawsuits filed by a tech company against users who allegedly create explicit content with AI. Musk’s company alleged in the lawsuit that a