Money

By Elisabeth Buchwald, CNN New York (CNN) — Since President Donald Trump won the election in November, businesses across the globe have been bracing for higher tariffs — a key Day One promise the president made. But over a week into his presidency, Trump has yet to enact any new tariffs. That could change, come

By Alicia Wallace, CNN (CNN) — The Federal Reserve’s preferred inflation gauge moved even higher in December, driven largely by rising energy prices as well as food. However, a closely watched measurement of underlying inflation trends indicated some progress in the fight to rein in price hikes. The Personal Consumption Expenditures price index rose 2.6%

By Liam Reilly, CNN (CNN) — Brendan Carr, the Federal Communications Commission’s new chairman, on Wednesday ordered an investigation into the sponsorship practices of NPR and PBS member stations. In a letter obtained by CNN, Carr said he was “concerned that NPR and PBS broadcasts could be violating federal law by airing commercials.” “In particular,

CNN By Chris Isidore, CNN New York (CNN) — US airlines had gone 16 years without a fatal crash until Wednesday night. But as impressive as that safety record had been, there have been warning signs in recent years of a significant risk of a collision like the one that just killed 67 people. A

By Chris Isidore, CNN New York (CNN) — US airlines had gone 16 years without a fatal crash until Wednesday night. But as impressive as that safety record had been, there have been warning signs in recent years of a significant risk of a collision like the one that just killed 67 people. A regional

By Liam Reilly, CNN (CNN) — As AI has made fake content much easier to produce, a growing number of American teenagers say they are being misled by AI-generated photos, videos or other content on the internet, a new study shows. The study, published Wednesday by Common Sense Media, a nonprofit advocacy group, asked 1,000

By Bryan Mena, CNN Washington (CNN) — Another year of robust economic growth is in the books, underscoring how the Biden administration handed President Donald Trump what many consider a solid economy. The US economy grew 2.5% over the past year, according to new Commerce Department figures released Thursday, comparing the fourth quarter in 2024

By Nathaniel Meyersohn, CNN New York (CNN) — Chili’s is on fire. Chili’s sales at restaurants open for at least a year increased a whopping 31% last quarter. It was Chili’s third-straight quarter of double-digit sales growth, and the results drove parent company Brinker International’s (EAT) stock up 16% on Wednesday. The restaurant chain’s growth

By Kaitlan Collins, CNN (CNN) — President Trump signed a settlement agreement at the White House Wednesday to end the lawsuit he brought against Meta after the company suspended his account in the aftermath of the January 6 attack on the Capitol, according to a person familiar with the matter. Trump signed the agreement that,

By Chris Isidore, CNN New York (CNN) — Tesla posted a rare earnings miss for the last quarter of 2024, coupled with disappointing results amid weak sales and revenue leading to thinning profit margins. Shares of Tesla (TSLA), which had gotten a lift since the election on hopes that the company would benefit from the

By Brian Stelter, CNN (CNN) — Fox, the broadcaster of this year’s Super Bowl matchup, originally sought about $7 million for 30 seconds of ad time during the game, the highest-rated event in the United States. But corporate demand has surpassed even Fox’s expensive ambitions. The network has sold at least 10 of its Super

By Chris Isidore, CNN New York (CNN) — Elon Musk used his new government efficiency role to stop by the operations of his competitor Boeing to look into the long-delayed efforts to renovate two 747 jets into the next generation of Air Force One jets, Boeing CEO Kelly Ortberg said Tuesday. In an interview with

By Matt Egan, CNN Washington (CNN) — Truth Social owner Trump Media & Technology Group announced Wednesday it plans to expand into financial services and potentially buy bitcoin and other cryptocurrencies. Shares of Trump Media (DJT) climbed 8% on the news. Trump Media said it plans to launch a fintech brand called Truth.Fi and to

By Jordan Valinsky, CNN New York (CNN) — Save the Music, the nonprofit foundation that grew in popularity on cable TV in the late 1990s through the 2000s, is going indie. Paramount Global is ending its financial support for the nearly 30-year-old program that promotes music education in public schools, the foundation announced Wednesday. As

By Chris Isidore, CNN New York (CNN) — The US government has many ways to funnel financial support to businesses, both large and small, helping them to do research and development, expand operations, hire and pay staff, and compete in the global market place. Just about all of those means of financial support were up

By Jordan Valinsky, CNN New York (CNN) — Frontier Airlines is making another offer to merge with bankrupt Spirit Airlines, less than two years after a previous plan fell through. Frontier said in a statement Wednesday that the transaction “would provide meaningful value to Spirit financial stakeholders” and create a “stronger low-cost carrier” that would

By Jordan Valinsky, CNN New York (CNN) — Starbucks is set to eliminate a significant number of drinks and food options in the coming months as part of the company’s plan to simplify its offerings, reduce wait times and improve its customer experience. CEO Brian Niccol outlined the plan on Starbucks’ earnings call Tuesday, saying

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve on Wednesday hit pause on interest rate cuts in its first key decision of President Donald Trump’s second term. It’s a move that’s likely to stoke tensions between the central bank and the new president, who has argued that he should have some say in

By Clare Duffy, CNN New York (CNN) — Silicon Valley is coming to grips this week with the realization that creating an advanced artificial intelligence model may no longer be as specialized a task as was once believed. The wakeup call came in the form of DeepSeek, a year-old Chinese start-up whose free, open-source AI

By Anna Cooban, CNN London (CNN) — On Sunday, an undersea cable ferrying data between Sweden and Latvia was damaged, most likely as a result of an external force, Latvia said. This is just the latest in a string of incidents since late 2022 leading to damage to Europe’s infrastructure that crisscrosses the bottom of