Money

By Alicia Wallace, CNN (CNN) — US businesses are brushing off those “Now Hiring” signs: Job openings rose sharply in April to their highest level in nearly two years, Bureau of Labor Statistics data showed Tuesday. However, the latest look at labor turnover also showed that those job postings aren’t necessarily turning into job offers

By John Towfighi, CNN (CNN) — AI companies’ plans for blockbuster initial public offerings (IPOs) are captivating Wall Street. Anthropic on Monday took a major step toward going public. Rival OpenAI is also expected to file for an IPO. Elon Musk’s SpaceX, which filed for an IPO in May, is slated to start trading on

By Vanessa Yurkevich, Chris Isidore, Matt Egan, CNN (CNN) — The most powerful shipping executives in the world are gathered in Athens this week for the annual International Shipping Exhibition. The hot topic: the Strait of Hormuz. President Donald Trump has said the strait’s reopening is imminent. Administration officials tout ships getting through the vital

By Brian Stelter, CNN (CNN) — CBS News management faced a fresh crisis on Monday after legendary “60 Minutes” correspondent Scott Pelley accused the network’s editor in chief Bari Weiss of trying to “kill” the acclaimed newsmagazine. Pelley made the comments during a tense meeting between the staff of “60 Minutes” and the program’s brand-new

By Hadas Gold, CNN (CNN) — Florida is suing OpenAI and its CEO Sam Altman, alleging they know ChatGPT is not safe, especially for minors. The state becomes the first to sue OpenAI over the alleged dangers of its product. “Sam Altman and ChatGPT have chosen the AI race over the safety and security of

By Clare Duffy, Lisa Eadicicco, Hadas Gold, CNN (CNN) — Anthropic on Monday said it filed plans for an initial public offering, setting it up for a share sale that could value the company in the trillion-dollar range as it races against rival OpenAI. The company has yet to determine how many shares it will

By Auzinea Bacon, CNN (CNN) — Think you know who’s going to win the World Cup? Think you know better than Goldman Sachs? Yes, that Goldman Sachs. Goldman Sachs, possibly the most buttoned-up of all the big investment banks, released a report on Friday led by chief economist and head of Global Investment Research, Jan

By Jordan Valinsky, CNN New York (CNN) — At 261 years old, Cognac brand Hennessy is starting to show its age. After a pandemic-era surge in demand, the amber-colored spirit is navigating a sobering reality. Consumers, particularly younger ones, are moderating their drinking or shifting toward premium tequila. As a result, exports from France’s Cognac

By Elisabeth Buchwald, CNN (CNN) — On paper, the job market looks pretty darn good. The 4.3% unemployment rate is below both the 10-year average of 4.6% and the 50-year average of 6.1%. For the second month in a row, the official government tally of jobs added blew past economists’ expectations. And the most recent

By Samantha Delouya, CNN (CNN) — A surprisingly competitive mayoral campaign from former reality television star Spencer Pratt has thrust some of Los Angeles’ economic anxieties into the national spotlight ahead of Tuesday’s nonpartisan primary election. Pratt has built his campaign around frustration with the city’s leadership and direction after the Pacific Palisades home he

By David Goldman, CNN (CNN) — In its 50-year history, Costco has never seen such demand for gas. Many of its stations have been so overwhelmed that they’ve had to call in tanker trucks multiple times a day to avoid running dry, Costco said this week during its quarterly earnings call. A growing number of

By Clare Duffy, CNN New York (CNN) — Four months after TikTok’s US assets were spun off into a new joint venture to avert a ban, Sen. Ed Markey says Americans still don’t have enough information about whether the deal addresses national security concerns related to the popular video app. Markey, a Massachusetts Democrat, on

By Clare Duffy, CNN New York (CNN) — A California mom says she was scammed out of thousands of dollars this month after receiving a call that sounded like her daughter in distress. She now suspects it was an artificial intelligence-generated hoax. She’s one of many who have been targeted by so-called “voice cloning” scams

By Brian Stelter, Liam Reilly, CNN (CNN) — ABC is laying the groundwork for a landmark First Amendment fight. On Thursday, ABC filed paperwork to renew its local TV station licenses “under protest in response to an unlawful, arbitrary, and unconstitutional order” by the Federal Communications Commission. ABC attached an extraordinary objection letter that accused

By Mustafa Qadri, CNN (CNN) — It’s deemed outrageously expensive, it’s insulting to existing owners and perhaps most damning of all – it looks like a Nissan Leaf. Those are just some of the unflattering comments directed at Ferrari’s first electric car, the Luce, since it was unveiled earlier this week by the legendary Italian

By Alicia Wallace, CNN (CNN) — High gas prices pushed up inflation again last month while adding to Americans’ financial strain: Households are saving at the lowest rate in nearly four years, a new report showed Thursday. The Iran war’s oil price shock lifted the Federal Reserve’s preferred inflation gauge to 3.8% in April from

By Brian Stelter, CNN (CNN) — CNN is suing Perplexity, accusing the AI company of unlawfully copying and distributing CNN’s content. Thursday’s lawsuit joins a long list of legal actions by publishers like The New York Times against generative AI startups. But it is CNN’s first AI copyright action and is thought to be the