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By Chris Isidore, CNN (CNN) — Airline passengers were already looking at higher fares and packed planes this holiday season. But the holiday headaches might get much worse as the government shutdown causes flight reductions at major airports. The Trump administration is reducing traffic at 40 airports across the United States starting Friday as long

By John Towfighi, CNN New York (CNN) — US stocks closed lower Thursday as concerns mounted about expensive tech stocks, and a risk-off sentiment spread through markets after new data showed a bleak outlook for the job market. The Dow closed lower by 399 points, or 0.84%, after briefly falling as much 524 points earlier.

By Lianne Kolirin, CNN (CNN) — “Vibe coding,” a form of software development that involves turning natural language into computer code by using artificial intelligence (AI), has been named Collins Dictionary’s Word of the Year for 2025. Overall, terms that describe humans’ relationship with technology feature prominently on this year’s list. Although obviously two words,

By Bryan Mena, CNN Washington (CNN) — Company announcements of layoffs in the United States surged in October as AI continued to disrupt the labor market. Announced job cuts last month climbed by more than 153,000, according to a report by Challenger, Gray & Christmas released Thursday, up 175% from the same month a year

By Elisabeth Buchwald, CNN (CNN) — The chances of businesses getting tariff refunds grew significantly on Wednesday after the Trump administration’s case to keep most of his levies in place was met with deep skepticism from multiple conservative and liberal justices. The big question now: How would potential tariff refunds work? The federal government has

By Ramishah Maruf, Gordon Ebanks, John Towfighi, CNN New York (CNN) — New York’s wealthiest had warned of a business exodus if Zohran Mamdani won Tuesday’s mayoral race. But for small business owners like Kadjahtou Balde, Mamdani’s victory is a reason to stay in one of the country’s most expensive cities. “As somebody who is

By Matt Egan, CNN New York (CNN) — JPMorgan Chase CEO Jamie Dimon has some advice for New York City Mayor-elect Zohran Mamdani: Talk to the man who helped bring Detroit back from the dead. Dimon, who has been critical of Mamdani, suggested the incoming New York City mayor could learn a lot from outgoing

By Chris Isidore, CNN (CNN) — Tesla shareholders could soon give CEO Elon Musk, already the wealthiest person on the planet, the chance to become the world’s first trillionaire – or risk him walking away entirely. Musk’s new pay package is the key measure that will be up for a vote at Tesla’s annual meeting

By Chris Isidore, CNN (CNN) — The UPS freighter that crashed in Louisville was a 34-year old jet. While that’s old for a passenger plane, that’s not so unusual in the world of air cargo. There are no initial indications that the age of the McDonnell Douglas MD-11 was in any way a factor in

By Alicia Wallace, Lucy Bayly, CNN (CNN) — Private-sector job creation bounced back in October, according to a snapshot of the labor market that has become more closely watched in the absence of official federal jobs data. Payroll processing company ADP on Wednesday estimated that private-sector businesses added an estimated 42,000 jobs last month, a

By Nathaniel Meyersohn, Matt Egan, CNN New York (CNN) — Hudson’s Detroit, the Motor City’s first new skyscraper in nearly half a century, is a symbol of Detroit’s transformation from bankruptcy to boomtown. The $1.4 billion project includes a recently opened office building as well as retail on the site of the former J.L. Hudson’s

By John Towfighi, CNN (CNN) — Michael Burry, the famed investor behind “The Big Short,” is betting artificial intelligence is more of a bubble than a revolution. Burry’s fund, Scion Asset Management, disclosed on Monday that it bought puts — bets that share prices will fall — on two stars of the AI wave: Nvidia

By Matt Egan, CNN New York (CNN) — The ongoing government shutdown isn’t just the longest in American history. It’s likely the most damaging, too. Historically, the economic damage from shutdowns is fleeting, quickly reversing when the government reopens. However, the 36-day lapse in funding that began on October 1 is already dealing a significant

By Joseph Ataman, CNN Paris (CNN) — France has said it will suspend Shein’s access to the French market following a headline-grabbing scandal over sales of “childlike” sex dolls. The government started proceedings Wednesday to ban Shein’s French website “for the time necessary for the platform to show to the authorities that all of its