CNN – Business/Consumer

By Auzinea Bacon, CNN (CNN) — The American economy faces the unwelcome prospect of reignited inflation after the United States launched strikes on three nuclear facilities in Iran. High oil and gas prices are a near certainty, experts say. The big question now: How long will the fossil fuels price spike last? Oil prices are

By Auzinea Bacon, CNN (CNN) — The movie industry hasn’t caught many breaks in recent years, even after rebounding from the Covid-19 pandemic. Studios were faced with a writers’ strike, blockbusters that fell well below expectations and dilemmas over when to release movies into theaters before having them stream online. The domestic box office continued

By Chris Isidore, CNN (CNN) — Fred Smith, the founder of FedEx who helped create the overnight delivery industry, changing the way businesses and consumers get the goods they purchased, has died. He was 80 years old. His death was confirmed by the company. “Fred was more than just the pioneer of an industry and

By Chris Isidore and Matt Egan, CNN (CNN) — The Los Angeles Lakers may not have as many NBA titles as the Boston Celtics, but the Lakers topped their archrival with a record-setting $10 billion franchise price tag this week — just three months after the Celtics held the honor for the highest sale price

By John Liu, CNN Hong Kong (CNN) — China has mastered the craft of policing the internet, operating one of the world’s most extensive online censorship and surveillance regimes. With mandatory identity checks on every online platform, it has become almost impossible for users to stay anonymous. But this rigidly moderated online environment is about

By Brian Stelter, CNN (CNN) — After three months of legal battles and lobbying, the Voice of America network is officially being reduced to a fraction of its pre-Trump form. Widespread layoffs took place Friday at VOA and its parent agency, the US Agency for Global Media, or USAGM for short, which has led America’s

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump on Thursday called for fewer federal holidays, saying the days off cost America billions of dollars in losses. “Too many non-working holidays in America. It is costing our Country $BILLIONS OF DOLLARS to keep all of these businesses closed,” Trump said in a Truth Social post

By Bryan Mena, CNN Washington (CNN) — President Donald Trump on Friday again demanded the Federal Reserve lower interest rates, insulting Fed Chair Jerome Powell in the process. But this time, Trump added something new: an acknowledgement that his attacks actually make it harder for Powell to do so. Trump called Powell a “numbskull” in

By Sean Lyngaas, CNN (CNN) — Cybercriminals have breached insurance giant Aflac, potentially stealing Social Security numbers, insurance claims and health information, the company said Friday, the latest in a spree of hacks against the insurance industry. With billions of dollars in annual revenue and tens of millions of customers, Aflac is the biggest victim

By Clare Duffy and Christopher Lamb, CNN (CNN) — Pope Leo XIV says tech companies developing artificial intelligence should abide by an “ethical criterion” that respects human dignity. AI must take “into account the well-being of the human person not only materially, but also intellectually and spiritually,” the pope said in a message sent Friday

By Anna Cooban, CNN London (CNN) — Many smartphones users have grown weary of news alerts – the notifications regularly popping up on their screens to inform them of breaking news or other world events – according to a new analysis. A global survey by the Reuters Institute for the Study of Journalism shows that

By Lianne Kolirin, CNN (CNN) — Pavel Durov, the founder and CEO of instant messaging app Telegram, plans to leave his fortune to the more than 100 children he has fathered. The Russian-born tech tycoon has revealed that his estate will be split between his six children from relationships and the scores of others whom

By Jordan Valinsky, CNN New York (CNN) — The eagerly anticipated collaboration between Kim Kardashian and Nike has delayed its launch. NikeSkims, which was announced in February for a spring release, is pushing back its launch date because of production delays, according to a source familiar with the situation. A new date hasn’t been revealed.

By David Goldman, CNN (CNN) — Predictions from mainstream economists were dire after President Donald Trump launched his tariff campaign just a couple weeks after he began his second term in office: Prices would rise — sharply — they said, reigniting an inflation crisis that tens of millions of Americans had elected him to solve.

By David Goldman, CNN (CNN) — President Donald Trump on Thursday continued his extraordinary and targeted verbal attacks on Federal Reserve Chair Jerome Powell, calling for a massive 2.5-point reduction in interest rates. Despite appointing Powell to the role in 2017, Trump has frequently chastised the Fed chair for keeping rates higher than the president

By Pete Muntean and Alexandra Skores, CNN (CNN) — The National Transportation Safety Board issued a rare, urgent safety bulletin warning of potential problems with the jet engines on Boeing 737 Max aircraft. The recommendation was inspired by two incidents on Southwest Airlines flights that hit birds. The NTSB found issues with CFM International LEAP-1B

By Jeanne Sahadi, CNN (CNN) — Still no movement. For its fourth meeting in a row, the Federal Reserve opted to leave unchanged its key short-term interest rate — which influences a host of rates on consumer financial products and bank accounts across the United States. That means that once again anyone with savings that