CNN – Business/Consumer

By Brian Stelter, CNN (CNN) — Comcast is positioning itself for the next round of media industry merger and acquisition activity. That’s what industry analysts are saying about the company’s Monday morning announcement about spinning off NBCUniversal. Comcast says it is going to spend the next year separating NBCUniversal and a European media arm, Sky,

By Hadas Gold, CNN Dallas, Texas (CNN) — When the pandemic decimated the live events scene, Joe Allen “packed up a survival bunker on wheels” and headed out on a new career path. Jobs were few and far between for “concert riggers” like Allen, who set up concert lighting and sound systems. So he pursued

CNN By Hadas Gold, CNN Dallas, Texas (CNN) — When the pandemic decimated the live events scene, Joe Allen “packed up a survival bunker on wheels” and headed out on a new career path. Jobs were few and far between for “concert riggers” like Allen, who set up concert lighting and sound systems. So he

By Julian Torres, CNN New York (CNN) — On July 4, one week from today, parents across the United States will be able to start contributing to a Trump Account, the newest option to invest in their child’s future. The investment accounts have attracted a wave of interest from eligible families who want to claim

By Hadas Gold, CNN (CNN) — The US government has allowed Anthropic to release its powerful Mythos AI model to select companies and organizations, revising license requirements after ordering an export block earlier this month in the wake of national security fears. Since the export ban earlier in June, “Anthropic has worked with the US

By Elisabeth Buchwald, Lucy Bayly, CNN (CNN) — After months of souring views driven in part by a surge in gas prices, Americans are feeling more and more optimistic about the economy, according to new data released Friday. Consumer sentiment rose this month from an earlier reading of 48.9 to a final reading of 49.5,

By Anna Cooban, CNN London (CNN) — Volkswagen, one of the world’s largest automakers, is reportedly planning to axe as many as 100,000 jobs over the next few years, representing 15% of its global workforce. The job cuts would come alongside the planned closure of four factories in Germany and a 15% reduction in investment

By David Goldman, CNN (CNN) — Tech stock traders can be an impatient bunch. But lately, they’ve grown seriously ticked off about the high price they’ve paid to get into the AI game without the profit boost they were expecting. The Nasdaq, a barometer for the tech industry, was set to sink another 1.2% Friday,

By Vanessa Yurkevich, CNN (CNN) — The Strait of Hormuz has seen more traffic in the last week than it has in the past three months. But that has slowed down Friday as a critical evacuation plan is put on hold. Seventy-three vessels transited the critical waterway on Wednesday, the highest number since shortly after

By Hadas Gold, CNN (CNN) — The White House has requested OpenAI limit the release of its upcoming GPT 5.6 model to a small number of government-approved partners because of its advanced capabilities, a source familiar with the situation told CNN. The request comes after the administration placed an export control order on Anthropic, leading

By Chris Isidore, CNN (CNN) — Electric vehicle maker Polestar is being forced out of the American market due to its ties to China, following a decision by the US Commerce Department, the company announced Thursday. The company said the Commerce Department’s Bureau of Industry and Security denied the company an authorization to sell vehicles,

By Jordan Valinsky, CNN New York (CNN) — Apple has hiked prices on some of its most popular products, including the MacBook and iPad, because of the rising costs of memory and storage chips sparked by the AI boom. Beginning immediately, the price increases affect the Neo, its entry level MacBook that’s now priced at

By Elisabeth Buchwald, CNN (CNN) — High gas prices pushed annual inflation to the highest level in three years, according to May data released by the Commerce Department on Thursday. The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures price index, rose to 4.1% in May from 3.8% in April. On a monthly basis

By Anna Cooban, CNN London (CNN) — On Tuesday, investors were dumping AI stocks, worried that frothy valuations may be running away from reality. By Thursday, they were believers again. Micron Technology (MU), a US chipmaker, posted blockbuster quarterly results Wednesday afternoon, sending its stock up by more than 16% in pre-market trade Thursday. The

By Clare Duffy, CNN New York (CNN) — The family of a Missouri teenager is suing Snapchat parent company Snap, claiming the social media platform facilitated her rape as a 12-year-old. Snapchat features such as Quick Add and Snap Map enabled assailant Gabriel Joel Valentin-Rios to connect with and groom the girl, referred to as

By Lisa Eadicicco, CNN New York (CNN) — OpenAI on Wednesday announced its first custom AI chip in a step towards expanding beyond consumer products to become a player in AI infrastructure. The processor, called Jalapeño, was developed with Broadcom to more efficiently handle the computing needs for ChatGPT and OpenAI’s coding agent, Codex, the

By Chris Isidore, CNN (CNN) — President Donald Trump says “Big Oil” companies are keeping gas prices artificially high, echoing a complaint former President Joe Biden made during the last gas price spike. But, unlike Biden, Trump says he wants the Justice Department to investigate. In a Truth Social post early Wednesday, Trump argued that