Money

By Nathaniel Meyersohn and Chris Isidore, CNN New York (CNN) — Macy’s would be more valuable if it just shut down its business and sold everything off for parts. That’s the argument activist investment firm Barington Capital and private equity firm Thor Equities said in a proposal Monday that called on the company to make

By Clare Duffy, CNN New York (CNN) — Two families have sued artificial intelligence chatbot company Character.AI, accusing it of providing sexual content to their children and encouraging self-harm and violence. The lawsuit asks a court to shut down the platform until its alleged dangers can be fixed. Brought by the parents of two young

By Kristen Holmes and Jack Forrest, CNN (CNN) — Former Florida congressman Matt Gaetz will join One America News Network (OAN) as an anchor in January, the network announced Tuesday. “Matt Gaetz has earned a reputation as a relentless champion of conservative values, taking on entrenched Washington bureaucrats and exposing government overreach,” the network said

By Brian Stelter and Hadas Gold, CNN (CNN) — Rupert Murdoch cannot amend his family trust to put the power of his media companies in the hands of his chosen successor, a Nevada commissioner has ruled. The probate commissioner, who heard several days of secret testimony by Murdoch family members earlier this year, issued a

By Jordan Valinsky, CNN New York (CNN) — Taco Bell is testing a new restaurant that isn’t focused on tacos. The newly opened concept in San Diego is called the Live Más Café, featuring a beverage-centric menu that includes milkshakes, coffees, fruity iced drinks and a take on a dirty soda trend with its trademark

By David Goldman, CNN (CNN) — China has opened an antitrust investigation into American chipmaker Nvidia, the world’s largest provider of processors that power artificial intelligence, according to Chinese state media. The probe serves as the latest escalation of a growing battle for AI dominance, which both the United States and China believe is crucial

By Elisabeth Buchwald, CNN New York (CNN) — President-elect Donald Trump campaigned on the promise to create more American jobs and protect existing ones. But many of his proposals and expected policy changes threaten to have the opposite effect for some working Americans. It remains unclear as to which of Trump’s initiatives will be implemented.

By Matt Egan, CNN New York (CNN) — A black cloud hovering ominously over the US economy has finally parted — at least in the eyes of nearly half of the nation. For the other half, the black cloud is just arriving. That’s the starkly partisan picture painted by the first consumer confidence reading since

By Auzinea Bacon, CNN (CNN) — President-elect Donald Trump said in an interview that aired on Sunday that he has no plans to remove Federal Reserve Chair Jerome Powell. Appearing on NBC’s “Meet the Press with Kristen Welker,” Trump was asked if he would try to replace Powell. “No, I don’t think so. I don’t

By Auzinea Bacon, CNN (CNN) — The concert tour that made Taylor Swift a billionaire wraps up this weekend, but it has already left a lasting impact on the global economy. The pop superstar, whose final performance of “The Eras Tour” takes place Sunday night at BC Place Stadium in Vancouver, British Columbia, emerged as

By Hadas Gold and Clare Duffy, CNN (CNN) — Elon Musk has long been known for his competitive spirit — and for his list of rivals. He challenged Meta’s Mark Zuckerberg to a cage fight. He called Amazon and Blue Origin boss Jeff Bezos a “copycat.” And just recently, he sued OpenAI’s Sam Altman. Until

By Wayne Chang and Rosa de Acosta, CNN (CNN) — The US government has imposed fresh export controls on the sale of high tech memory chips used in artificial intelligence (AI) applications to China. The rules apply to US-made high bandwidth memory (HBM) technology as well as foreign-produced ones. Here’s everything you need to know

By Clare Duffy and Erika Tulfo, CNN New York (CNN) — TikTok’s US-based users could have only a few more weeks to enjoy scrolling through their For You Page before the app is banned in the country starting on January 19, 2025. A US appeals court on Friday upheld the law that requires TikTok to

By Nathaniel Meyersohn and Elisabeth Buchwald, CNN New York (CNN) — Companies are closing headquarters, scrubbing their websites of top executives’ photographs and increasing armed security details for key leaders following the killing of UnitedHealthcare CEO Brian Thompson. Health insurer Medica temporarily closed its Minnetonka, Minnesota, headquarters as a safety precaution, a spokesperson told CNN.

By Samantha Delouya, CNN (CNN) — Google sued the Consumer Financial Protection Bureau on Friday, challenging the agency’s decision to place Google’s payment division under federal supervision. In a copy of the lawsuit provided by Google, the company said the CFPB’s supervision would be a “burdensome form of regulation” imposed based on a “small number

By Clare Duffy and Brian Fung, CNN New York (CNN) — TikTok has lost its bid to strike down a law that could result in the platform being banned in the United States. A US appeals court upheld the law in a ruling Friday. Denying TikTok’s argument that the law was unconstitutional, the judges found