CNN – Business/Consumer

By Isa Mudannayake, CNN (CNN) — Over a million tickets were sold as hopeful players tried their luck, but no one scored in Wednesday’s Powerball jackpot, sending the prize soaring to an estimated $856 million. The next drawing for what would be the eighth highest jackpot in the game’s history is set for Saturday night.

By Brian Stelter, Liam Reilly, CNN (CNN) — The FCC voted on Thursday to remove the cap on TV station ownership in the US, delivering a big win to media companies aligned with President Donald Trump and the Republican Party. Supporters of the cap immediately said they will challenge the FCC’s action in court. They

By Alicia Wallace, CNN (CNN) — When the latest official jobs report is released on Friday, economists are expecting it to show that hiring picked up in July and that the unemployment rate held steady at 4.2%. Economists’ estimated monthly employment gains of 97,500 jobs would mark an increase from June’s lower-than-expected 57,000 jobs added.

By Anna Cooban, CNN London (CNN) — The British government has cleared Paramount Skydance’s $110 billion takeover of Warner Bros. Discovery, saying it had received assurances from the company over media diversity. On Thursday, the UK’s anti-trust regulator said that it had decided not to further investigate the deal, weeks after British culture minister Lisa

By Hadas Gold, CNN (CNN) — The White House waded into one of the hottest debates in AI this week: Open or closed? A new framework governing how the administration will review advanced AI models pre-release covers only the most powerful “closed” models, like Anthropic’s Claude or OpenAI’s ChatGPT, people familiar with the matter told

By John Towfighi, CNN New York (CNN) — More than 900 million SpaceX shares unlocked Thursday, more than doubling the publicly available shares in Elon Musk’s space and AI company and testing investors’ interest in holding a stock that’s struggled since a record-breaking IPO nearly two months ago. A lockup expiry enables some employees and

By David Goldman, CNN (CNN) — People really don’t like AI data centers. Politicians are running against them. A recent Gallup poll showed 71% of Americans oppose them. Several counties and states have proposed or passed laws to ban them. But this notion that AI data centers are quickly popping up everywhere is belied by

By Matt Egan, CNN The smarter artificial intelligence gets, the harder it will be for humanity to control it, according to Geoffrey Hinton, the Nobel Prize-winning computer scientist known as the “godfather of AI.” Even Hinton was alarmed by the sophisticated AI agents that recently caused real-world damage after escaping their human-built testing environments. “What’s

By Stephanie Yang, Yoonjung Seo, CNN Seoul (CNN) — Jennifer Ke, a 35-year-old working in operations at a cryptocurrency firm, never paid much attention to Taiwan’s stock market. But her colleagues were constantly discussing their latest stock trades. One boasted of making at least one million Taiwanese dollars, or about $31,000, on a single stock.

By Hadas Gold, CNN (CNN) — Add Meta to the list of companies with AI agents going rogue. An AI model from the parent company of Facebook and Instagram hacked into another company’s systems during cybersecurity testing, a spokesperson confirmed on Wednesday. Meta says the breach occurred because of an inadvertent error during testing of

By Elisabeth Buchwald, CNN (CNN) — Apple got an estimated $2.2 billion tariff refund last quarter. Amazon got $600 million. Nike got $300 million. But American consumers who paid higher prices as President Donald Trump’s tariffs filtered through the economy are getting almost nothing back. Those corporate payouts may be just the beginning as the

By Allison Morrow, CNN New York (CNN) — SpaceX first earnings report as a public company blew past expectations. But it continued to burn through cash in pursuit of CEO Elon Musk’s vision for an AI-powered, Mars-colonizing future, putting investors on edge and sending SpaceX shares down in late trading. The newly public satellite, space

By Brian Stelter, CNN (CNN) — Paramount CEO David Ellison says he believes the fight over his Warner Bros. Discovery takeover “is not really about market share” — it’s about CNN. In a remarkable Tuesday morning guest essay for The New York Times, Ellison seeks to convince readers that he will respect and preserve CNN’s

By Jordan Valinsky, CNN New York (CNN) — McDonald’s recently revved up the amount of deals and discounts it offers to attract more customers. That strategy seems to have hit a roadblock. The burger chain on Tuesday reported its slowest growth since 2025, with US sales rising just 0.8% in the second quarter. McDonald’s blamed

By Alicia Wallace, CNN (CNN) — The US labor market, long stuck in a “low-hire, low-fire” slog, may be starting to show a glimmer of life. The latest official labor turnover data showed that employers increased their hiring efforts in June – an ever-so slight indication that momentum could be building. The number of job

By John Towfighi, CNN New York (CNN) — The S&P 500 closed at a record high Tuesday, supported by strong corporate earnings, a rebound in tech shares and traders embracing hopes for progress on reopening the Strait of Hormuz. The S&P 500 surged 1.79% to close at 7,737 points, its first record high in two

By Auzinea Bacon, CNN (CNN) — Cybercriminals are increasingly using artificial intelligence to target people: Americans lost more than $893 million from AI-related crimes last year, according to the FBI. Just last week, OpenAI and Anthropic revealed that their AI agents accessed the internet during testing and hacked into other companies’ systems. Although customer-facing data