CNN – Business/Consumer

By Chris Isidore, CNN (CNN) — The Trump administration is giving businesses a free pass from a wide variety of enforcement actions. Boeing, Capital One, Southwest Airlines and Coinbase all faced legal action from the Biden administration, which accused the companies of cheating their customers, the government or otherwise acting improperly. But multiple federal agencies

By Nathaniel Meyersohn, CNN New York (CNN) — America’s highest-profile retail chains are walking a difficult tightrope — trying to blunt the financial hit from tariffs by raising prices for consumers without angering them or President Donald Trump. Walmart, Target and Home Depot are recent examples of how companies are struggling to navigate raising prices

By Clare Duffy, CNN New York (CNN) — Minutes after Louisiana State Police got word on Friday morning that 10 inmates had escaped a New Orleans jail, two of them were spotted on facial recognition cameras in the city’s French Quarter. Police arrested one of the escapees shortly after; the other, days later. The cameras

By Liam Reilly, CNN (CNN) — The Federal Trade Commission on Wednesday sent Media Matters for America a letter demanding communications between the progressive media watchdog and advertising entities as the commission probes whether the watchdog colluded with advertisers to pull funding from Elon Musk’s X. Media Matters was notified in a letter dated May

By Mostafa Salem, CNN (CNN) — OpenAI and Nvidia will join other companies to build Stargate UAE, an artificial intelligence infrastructure cluster, in a sister project to the recently unveiled push to expand AI infrastructure in the United States. Appearing alongside President Donald Trump in January, the CEOs of OpenAI, SoftBank and Oracle said they

By Chris Isidore and Matt Egan, CNN (CNN) — The US Treasury is phasing out production of the penny and will soon stop putting new one-cent coins into circulation, the department said in a statement Thursday. The news of the decision was first reported by the Wall Street Journal Thursday. A Treasury spokesperson said the

By Clare Duffy, CNN New York (CNN) — Following reports from CNN and other news outlets, Senator Maggie Hassan is demanding information about how Spotify is handling phony podcasts promoting potentially illegal online pharmacies. Spotify said last week that it had removed dozens of podcasts identified by CNN that blatantly promoted the online pharmacies purportedly

By Anna Cooban, CNN London (CNN) — JPMorgan Chase CEO Jamie Dimon isn’t ruling out stagflation in the United States, citing risks posed by large government budget deficits, including in America, and the disruption to global trade induced by US tariffs. The term refers to a nightmare combination of economic stagnation or even a recession

By Clare Duffy, CNN New York (CNN) — Tech firm Workday is facing a collective action lawsuit alleging that its job applicant screening technology is discriminatory, following an order by a California district judge on Friday. The outcome could set a precedent for whether and how companies can use algorithms and artificial intelligence to make

By Matt Egan, CNN New York (CNN) — In the spring of 2020, America faced a once-in-a-century health crisis that crashed the economy and threatened the lives of millions. Republicans and Democrats came together to pass a forceful, and expensive, emergency response that helped prevent permanent scarring to the economy. Today, America’s mountain of debt

By David Goldman, CNN (CNN) — The decidedly unsexy bond market is usually pretty quiet. But when they want to, bond investors can send a loud, clear message to Washington. They did just that Wednesday and Thursday. The 20-year bond auction conducted by the US Treasury on Wednesday afternoon was unusually weak: Demand for the

By Samantha Delouya, CNN (CNN) — President Donald Trump on Wednesday said he soon planned to decide whether to privatize Fannie Mae and Freddie Mac, the government-sponsored entities that help provide stability and affordability to America’s home mortgage market. “I am giving very serious consideration to bringing Fannie Mae and Freddie Mac public,” Trump posted