CNN – Business/Consumer

By Samantha Delouya, CNN (CNN) — New York City is counting on office-to-apartment conversions to help relieve its housing shortage. But after structural problems earlier this month threatened a partial collapse at one of the city’s largest such projects, regulators have intensified scrutiny. Since then, three more Manhattan office conversion projects have been ordered to

By Jeanne Sahadi, CNN (CNN) — As it has done at every meeting this year, the Federal Reserve Open Market Committee on Wednesday decided to leave the central bank’s key overnight lending rate unchanged. The fed funds rate normally influences – directly or indirectly – movement in the interest rates consumers earn on their savings

By David Goldman, Hadas Gold, CNN (CNN) — An OpenAI test that escaped its cage and alarmed the AI and cybersecurity industry attacked more than just Hugging Face, the AI platform that initially appeared to be the sole victim of the virtual lab leak. OpenAI, in an update about its ongoing investigation of the incident,

By Rupert Neate, CNN (CNN) — The US government should ​not block Chinese artificial intelligence in an attempt to gain the upper hand in the race to develop the groundbreaking technology, Meta chief executive Mark Zuckerberg has told the Financial Times. Zuckerberg warned that a US ban on Chinese ​AI models would not be “an

By Bryan Mena, CNN Washington (CNN) — Federal Reserve Chairman Kevin Warsh is already getting the “family fight” he has called for, and he’s leaving it up to Wall Street to choose between dueling narratives. The Fed on Wednesday held its benchmark lending rate unchanged at a range of 3.5%-3.75% for the fifth consecutive meeting,

By John Liu, CNN (CNN) — China, which supplies the vast majority of the world’s humanoid robots, has suddenly been cut off from its largest export market as the US government moves to curb its reliance on foreign technology. On Tuesday, the Trump Administration banned new humanoid and quadruped robot imports from foreign manufacturers, saying

By Hadas Gold, CNN (CNN) — Top staffers from the biggest AI and technology companies urged the US government to slow the pace of artificial intelligence development so that safety and security measures can catch up in an open letter. The US government should support an international effort to develop tools that can “deliberately pace

By Hadas Gold, CNN (CNN) — Top staffers from the biggest AI and technology companies urged the US government to slow the pace of artificial intelligence development so that safety and security measures can catch up in an open letter. The US government should support an international effort to develop tools that can “deliberately pace

By Brian Stelter, CNN (CNN) — CBS News is reaching beyond the usual TV news ranks as it races to reboot “60 Minutes” after a rash of firings two months ago. On Tuesday, the network announced two new correspondents and three new contributors to the top-rated newsmagazine. The biggest surprise of the bunch: New York

By Anna Cooban, CNN (CNN) — Johnson & Johnson has set aside $5.5 billion to resolve tens of thousands of US lawsuits alleging that its talcum powder-based products caused ovarian cancer. The pharmaceutical giant has offered to pay plaintiffs up to $3 billion in 2027, with any remaining payouts made after 2028. It said in

By David Goldman, CNN (CNN) — Boeing’s money pit of an Air Force One project just sank a little deeper. The company said it’s making a substantial effort to get the first of two presidential planes out the door – four years later and for billions of dollars more than initially promised. CEO Kelly Ortberg

By Lisa Eadicicco, CNN (CNN) — There are plenty of things you can lease: a car, an apartment or an office space, for example. Now you can add your next iPhone to that list. Apple is launching a new leasing program to make iPhones, Macs and other products feel more affordable at a time when

By Jeanne Sahadi, CNN (CNN) — If you’ve spent your career in the private sector, chances are you won’t get a pension in retirement. Not having that steady paycheck can make retirees nervous about spending the money they’ve squirreled away, especially given that Social Security will replace only 40% of pre-retirement income on average. But

By Alicia Wallace, CNN (CNN) — AI is raising prices for Americans – and not just electricity bills. Major technological innovations carry the potential to transform economies by creating opportunities, jobs and even new industries while supercharging productivity and growth. However, that promise of longer-term gains often is preceded by short- and medium-term pain. In

By Matt Egan, CNN New York (CNN) — The public is fed up with the high cost of living, and the Federal Reserve is once again under pressure to act. Kevin Warsh, the new Fed chairman, has vowed to get inflation back to 2%. Some investors suspect the Warsh-led Fed will show it’s serious about

Reuters (Reuters) — The US Federal Aviation Administration said on Monday that seats on hundreds of Boeing BA.N 737 MAX jets registered in the US may require inspections in case they were incorrectly installed and needed to be fixed. If not, the seats could injure passengers and crew members during an emergency landing or block

By Nathaniel Meyersohn, CNN New York (CNN) — The CEO of Cracker Barrel, who was “fired by America” after the public freaked out over its corporate redesign, is stepping down for real. Julie Masino will leave her role as CEO next month and stay on as a company advisor until October, Cracker Barrel said Monday.

By Bryan Mena, CNN Washington (CNN) — Federal Reserve officials have sent mixed signals on the path of interest rates as inflation concerns have intensified, fueling uncertainty about the outlook for the US economy. Policymakers will have a chance to clarify their thinking this week when they convene for their latest rate-setting meeting. Inflation slowed