CNN – Business/Consumer

By Brian Stelter, CNN (CNN) — With a shellshocked staff and several open correspondent offices, newly appointed executive producer Nick Bilton is trying to find a way forward for “60 Minutes.” On Thursday, Bilton wrote a memo to staff trying to reassure them that he shares their values and vision. “The foundation of 60 Minutes

By Nathaniel Meyersohn, CNN New York (CNN) — Real estate developers spent millions to stop Zohran Mamdani from becoming New York City’s mayor, claiming his policies would destroy the city. Mamdani wants their help. Mamdani was elected on a platform of rent freezes and government-backed housing, proposing a $100 billion plan during the campaign to

By Alicia Wallace, CNN (CNN) — The labor market may be rousing from its slumber. Economists are expecting that Friday’s jobs report will show that the US economy added 105,000 jobs in May and the unemployment rate held steady at 4.3%. If Friday’s monthly total comes in as expected – and the prior months’ figures

By Chris Isidore, John Towfighi, CNN (CNN) — Elon Musk’s SpaceX unveiled plans on June 3 to raise $75 billion in an initial public offering of its stock that would value the company at roughly $1.77 trillion. The blockbuster debut could make Musk – already the world’s richest person – the first trillionaire. SpaceX plans

By David Goldman, CNN (CNN) — President Donald Trump pledged to restore his tariff regime after setbacks in the Supreme Court and other legal challenges. Now, he’s doing it — but not in the blustery, fly-by-the-seat-of-his-pants, all-caps-late-night-Truth-Social-post manner that once defined his tariff policy. Trump’s quiet, methodical, patient new approach to tariffs is on purpose.

By Lisa Eadicicco, CNN New York (CNN) — For at least a decade, tech giants have tried to develop computers that can handle complicated tasks on a user’s behalf. But those efforts have largely fallen flat, with assistants like Alexa and Siri mostly being used for things like setting alarms and playing music. Some of

By Matt Egan, CNN New York (CNN) — Tickets to the NBA Finals in New York are so hot that fans are spending thousands of dollars – even for nosebleed seats. The cheapest tickets to the New York Knicks home games at Madison Square Garden are selling for nearly $4,000 each, according to secondary marketplace

By Brian Stelter, CNN (CNN) — CBS News fired veteran “60 Minutes” correspondent Scott Pelley on Tuesday, one day after he sharply criticized the newsmagazine’s new leadership in front of the staff. CBS News editor in chief Bari Weiss said Wednesday that her leadership team had tried to reconcile with Pelley, but “we weren’t able

By Bryan Mena, CNN Washington (CNN) — Healthcare is one of the few industries still powering job growth in America. Last year, employers across industries added jobs at an unusually weak pace. Healthcare, however, has been an exception: For the past five years, the industry has been America’s top job creator and now makes up

By Clare Duffy, CNN New York (CNN) — People have been seeking out health information online since the dawn of the internet. And now, tens of millions of people are turning to artificial intelligence for questions they once asked “Dr. Google.” But the large language models behind most mainstream AI chatbots are trained on a

By Hadas Gold, CNN (CNN) — President Donald Trump on Tuesday signed an executive order seeking early government access for the most advanced AI models to weigh cybersecurity risks and protect critical infrastructure. The executive order comes as models like Anthropic’s Mythos have spooked government and Wall Street over security concerns. The order requests AI

By Alicia Wallace, CNN (CNN) — US businesses are brushing off those “Now Hiring” signs: Job openings rose sharply in April to their highest level in nearly two years, Bureau of Labor Statistics data showed Tuesday. However, the latest look at labor turnover also showed that those job postings aren’t necessarily turning into job offers

By John Towfighi, CNN (CNN) — AI companies’ plans for blockbuster initial public offerings (IPOs) are captivating Wall Street. Anthropic on Monday took a major step toward going public. Rival OpenAI is also expected to file for an IPO. Elon Musk’s SpaceX, which filed for an IPO in May, is slated to start trading on

By Vanessa Yurkevich, Chris Isidore, Matt Egan, CNN (CNN) — The most powerful shipping executives in the world are gathered in Athens this week for the annual International Shipping Exhibition. The hot topic: the Strait of Hormuz. President Donald Trump has said the strait’s reopening is imminent. Administration officials tout ships getting through the vital

By Brian Stelter, CNN (CNN) — CBS News management faced a fresh crisis on Monday after legendary “60 Minutes” correspondent Scott Pelley accused the network’s editor in chief Bari Weiss of trying to “kill” the acclaimed newsmagazine. Pelley made the comments during a tense meeting between the staff of “60 Minutes” and the program’s brand-new

By Hadas Gold, CNN (CNN) — Florida is suing OpenAI and its CEO Sam Altman, alleging they know ChatGPT is not safe, especially for minors. The state becomes the first to sue OpenAI over the alleged dangers of its product. “Sam Altman and ChatGPT have chosen the AI race over the safety and security of

By Clare Duffy, Lisa Eadicicco, Hadas Gold, CNN (CNN) — Anthropic on Monday said it filed plans for an initial public offering, setting it up for a share sale that could value the company in the trillion-dollar range as it races against rival OpenAI. The company has yet to determine how many shares it will

By Auzinea Bacon, CNN (CNN) — Think you know who’s going to win the World Cup? Think you know better than Goldman Sachs? Yes, that Goldman Sachs. Goldman Sachs, possibly the most buttoned-up of all the big investment banks, released a report on Friday led by chief economist and head of Global Investment Research, Jan

By Jordan Valinsky, CNN New York (CNN) — At 261 years old, Cognac brand Hennessy is starting to show its age. After a pandemic-era surge in demand, the amber-colored spirit is navigating a sobering reality. Consumers, particularly younger ones, are moderating their drinking or shifting toward premium tequila. As a result, exports from France’s Cognac

By Elisabeth Buchwald, CNN (CNN) — On paper, the job market looks pretty darn good. The 4.3% unemployment rate is below both the 10-year average of 4.6% and the 50-year average of 6.1%. For the second month in a row, the official government tally of jobs added blew past economists’ expectations. And the most recent