Money

By Tami Luhby, CNN (CNN) — The federal budget deficit rose to nearly $2 trillion for the past fiscal year, which ended September 30, the Treasury Department reported Friday. It was the largest annual deficit since 2021, during the height of the pandemic, when the federal government doled out support to keep the economy and

By John Towfighi, CNN New York (CNN) — Tech stocks had a tumultuous week as concerns, including higher interest rates and mounting AI debt, continued to weigh on investor sentiment. The Nasdaq Composite fell 2.14% on Friday, bringing its weekly losses to roughly 4.5% — its worst week since June. The S&P 500 fell 1.09%,

By Abeer Salman, Ibrahim Dahman and Oren Liebermann, CNN (CNN) — A Washington Post photojournalist was hospitalized after Israeli settlers in the occupied West Bank attacked her and a group of Palestinians during the annual olive harvest. Veteran photojournalist Heidi Levine, who was on assignment for The Washington Post, said the group of Palestinians she

By Lisa Eadicicco, CNN (CNN) — Part of Chris Painter’s job is to help figure out what happened when AI goes rogue, then publish the results in public reports. He and METR, the nonprofit AI research group he helps lead, have been busy lately: They helped OpenAI untangle the Hugging Face hack this year, and

CNN By Chris Isidore, CNN (CNN) — Tesla CEO Elon Musk Thursday unveiled a car that he said will be able to fly, a feature long relegated to science fiction and Saturday morning cartoons. At a product reveal at a Texas test facility belonging to SpaceX, Musk’s other public company, he showed off Tesla’s new

By Chris Isidore, CNN (CNN) — Tesla CEO Elon Musk Thursday unveiled a car that he said will be able to fly, a feature long relegated to science fiction and Saturday morning cartoons. At a product reveal at a Texas test facility belonging to SpaceX, Musk’s other public company, he showed off Tesla’s new Roadster,

By Samantha Delouya, CNN (CNN) — In today’s housing market, there is a growing divide between the “haves” and the “have-nots.” The typical homebuyer faces mounting affordability challenges as home prices rise and inventory remains limited. Adding to the pressure: The recent surge in mortgage rates is making the decision to buy a home even

By Alicia Wallace, CNN (CNN) — US wholesale inflation jumped in September to its highest level in more than four years, marking the second hotter-than-expected inflation reading this week and adding to concerns about the economy just weeks before the midterm elections. The Producer Price Index rose 1.3% from the month before and 6.3% from

By John Towfighi, Hanna Ziady, CNN New York/London (CNN) — A global rout in semiconductor chip stocks sent investors rushing into different sectors and government bonds on Thursday as they looked for safety in other corners of the market. The S&P 500 bounced back from an initial decline and rose 0.33%, led by gains in

By Hadas Gold, CNN (CNN) — OpenAI is accusing a former employee of stealing intellectual property related to an unreleased device and later sharing some of the information with Apple. The employee, OpenAI alleges, had previously worked at Apple, then joined OpenAI for six months, before going back to Apple, according to a court filing

By John Towfighi, CNN New York (CNN) — High-flying technology stocks are taking a bruising this week, as investors grow more skeptical about whether the AI boom will live up to expectations. Stocks dropped on Wednesday, led by declines in the tech sector, after a hotter-than-expected inflation report bolstered bets that the Federal Reserve will

By Alicia Wallace, CNN (CNN) — It’s not just gas. It’s the car repair, the doctor’s visit, the plane ticket, the computer upgrade, the new clothes. Inflation rose faster than expected last month, and more broadly than expected, with price pressures extending well beyond the pump, new Bureau of Labor Statistics data showed Wednesday. The

By Hanna Ziady, CNN London (CNN) — Europe has been conspicuously absent from high-level talks about how to use artificial intelligence safely, despite crafting the world’s first comprehensive set of rules to govern the technology. The irony underscores how far Europe has fallen behind the United States and China in the AI race. Although Europe

By Hadas Gold, CNN (CNN) — OpenAI discovered a “sophisticated recording device” in one of its offices planted by an employee who has been arrested, the company said Tuesday. The employee, who has since been dismissed by the company, is a Saudi national and has been identified by the US Department of Justice as 35-year-old

By Samantha Delouya and Richard Quest, CNN (CNN) — The US Treasury Department on Tuesday announced it was imposing a more than $1.2 billion fine on Bank of America, accusing the bank of violating anti-money laundering and sanctions laws. The bank, which is the second-largest in the US, failed to mitigate and report “priority national