CNN – Business/Consumer

By Brian Stelter, CNN (CNN) — President Donald Trump claimed Friday afternoon that he is “banning” CNN, MS NOW and Politico “from the White House.” He said it was “effective immediately,” but there was no indication his administration had taken steps to follow through. A source familiar with the matter said even some White House

By Jordan Valinsky, CNN New York (CNN) — French football star Kylian Mbappé has signed a new sponsorship deal with sportswear brand On, following the end of his roughly 20-year relationship with Nike. The Swiss-based company announced Friday that Mbappé will become a global ambassador for On and “work directly with On’s product teams” on

By Matt Egan, CNN New York (CNN) — Staffers at the Federal Reserve knew or should have known about the severe trouble mounting at Silicon Valley Bank, but failed to act before the lender’s implosion set off a mini-banking crisis in 2023, according to an independent review revealed on Friday. The preliminary report, as detailed

By Hanna Ziady, CNN London (CNN) — The Kremlin has moved to seize the Russian assets of Nestlé and French retailer Auchan amid a broader nationalization drive that has seen a surge in government takeovers of private companies. Auchan and Nestlé are “European companies from unfriendly countries… currently actively involved in hostilities against us,” Kremlin

By Jordan Valinsky, CNN New York (CNN) — One of America’s oldest sandwiches is the newest battleground in the freezer aisle. The humble peanut butter and jelly has been a staple in kitchens for decades, beloved by parents looking to fix a quick meal for their kids. Then the crustless, pre-packaged Uncrustables rolled out in

By Chris Isidore, CNN (CNN) — Warren Buffett, who ended his decades-long tenure as CEO of Berkshire Hathaway at the end of last year, is giving up the chairman post he has held since 1970. Buffett, 96, will remain on the board to serve as chairman emeritus. His son Howard, a board member since 1993,

By Alicia Wallace, CNN (CNN) — Changing employers can come with some costs; however, the maneuver often serves as an avenue for not only career advancement but also better pay and benefits. Job-switching has long been one of the best defenses against rising prices. However, with the labor market stuck in a low-churn, low-hire, low-fire

By Chris Isidore, CNN (CNN) — Airlines are cutting more flights this year in response to high fuel prices. Executives from United, American and Southwest Airlines said during an investors conference Wednesday they expect to eliminate cheaper, less profitable flights from their schedule in the final months of the year. “If fuel is higher-for-longer, I

By Samantha Delouya, CNN (CNN) — Homebuyers could soon have to face an unwelcome milestone: a 7% mortgage rate. The average 30-year fixed mortgage rate inched closer to that level this week, climbing to 6.95%, up from 6.76% last week, according to Freddie Mac. It’s the fourth-straight week of rising rates and the largest one-week

By T.M. Brown, CNN Artificial intelligence could kill the entire human species, according to people in the artificial intelligence industry. Specifically, they say, it could exterminate humanity within the decade. Politicians, major news organizations, and Sheryl Crow reacted with alarm last week after an Anthropic employee named Jacob Coxon announced he was quitting the AI

CNN By Hanna Ziady, CNN London (CNN) — Canadian Prime Minister Mark Carney took a veiled swipe at US President Donald Trump on Thursday, insisting that his proposal to deepen ties with the European Union wasn’t aimed at creating a new geopolitical bloc “with better manners.” Carney’s comments come a day after European Commission President

By Nathaniel Meyersohn, CNN New York (CNN) — Touchscreen kiosks, self-checkout machines and QR-code menus were only here to help. The dream was that these self-service technologies would recommend food we’d like at McDonald’s and speed up CVS lines. But kiosks ended up presenting way too many choices when we just wanted the burger. Self-checkout

By Hanna Ziady, CNN London (CNN) — Canadian Prime Minister Mark Carney took a veiled swipe at US President Donald Trump on Thursday, insisting that his proposal to deepen ties with the European Union wasn’t aimed at creating a new geopolitical bloc “with better manners.” Carney’s comments come a day after European Commission President Ursula

By John Liu, CNN Hong Kong/Beijing (CNN) — Unlike in the United States, no one in China seems to be openly fretting over the prospect of humanity being destroyed by artificial intelligence soon. There, citizens access local government services through AI-powered digital employees; students receive instant feedback on written assignments by uploading a photo; and

By Issy Ronald and Max Foster, CNN London (CNN) — Britain’s King Charles III urged industry leaders to find ways of controlling AI “before it’s too late” on Thursday, calling the pace of development “both intriguing and deeply concerning,” as he opened a summit that he convened. “There seems urgency in adequately considering the existential

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve on Wednesday raised interest rates for the first time in more than three years in a renewed fight against inflation, which has picked up since early in the year due to the war with Iran. Officials voted unanimously to raise their benchmark lending rate by

By Allison Morrow, CNN New York (CNN) — The crypto industry has spent years and millions of dollars lobbying for regulation that would more closely weave digital assets into traditional finance. When President Donald Trump made a heel-turn on crypto in 2024, supporters hoped that he’d finally put an end to their regulatory limbo. That

By John Towfighi, CNN New York (CNN) — The bond market sell-off is raising the stakes for the Federal Reserve’s monetary policy meeting this week and putting a spotlight on the central bank’s commitment to reining in inflation. Traders widely expect the Fed to raise its benchmark interest rate on Wednesday for the first time