Money

By John Towfighi, CNN New York (CNN) — The S&P 500 on Thursday flirted with closing at an all-time high, vying to complete a whirlwind roundtrip that saw the benchmark US stock index shed and then regain roughly $9.8 trillion in market value across just four months. The S&P 500 has been on a roller

By Bryan Mena, CNN Washington (CNN) — A deluge of economic data released Thursday should have provided a clearer picture of how the US economy is faring in the face of President Donald Trump’s massive policy shifts. But the latest numbers were a mixed bag, leaving economists still scratching their heads. Gross domestic product, the

By Clare Duffy, CNN New York (CNN) — A measure tucked in President Donald Trump’s sweeping domestic policy bill making its way through Congress would effectively block states from enforcing artificial intelligence-related regulations for the next decade, a rule that’s alarming some followers of the tech world. The proposed moratorium comes as AI extends into

By Matt Egan, CNN New York (CNN) — In the weeks before last fall’s election, shares of Trump Media & Technology Group spiked as traders bet Donald Trump would return to the White House and make Truth Social the platform for presidential communications. Those wagers proved prophetic – if not lucrative. Voters did return Trump

By Samantha Delouya, CNN (CNN) — Homebuyers in the US may soon be able to use cryptocurrency assets to strengthen their mortgage application, according to Bill Pulte, who oversees housing giants Fannie Mae and Freddie Mac. “After significant studying, and in keeping with President Trump’s vision to make the United States the crypto capital of

By Ramishah Maruf and Matt Egan, CNN New York (CNN) — Shell rebuffed a Wall Street Journal report that said the oil giant was in early talks to take over rival company BP. “This is further market speculation. No talks are taking place,” the company said in a statement Wednesday. An agreement between the two

By Matt Egan, CNN (CNN) — President Donald Trump stepped up attacks on his handpicked Federal Reserve chairman on Wednesday, claiming Jerome Powell has “low IQ” and suggested that he has narrowed down the list of potential replacements to three or four people. “He’s an average mentally person…Low IQ for what he does,” Trump said

By Jordan Valinsky, CNN New York (CNN) — Bumble, the beleaguered dating app whose stock has lost 90% of its value since going public in 2021, is axing 30% of its workforce. The company announced in a regulatory filing Wednesday that the layoffs amount to 240 positions and will save Bumble $40 million annually. The

By Tami Luhby, CNN (CNN) — President Donald Trump’s megabill and his overall economic agenda would increase economic growth, spur job creation, boost wages and lower the national debt, according to an updated report released Wednesday by the White House Council of Economic Advisers. The analysis includes measures beyond just the tax provisions in the

By John Towfighi, CNN New York (CNN) — The US dollar is having its worst year in decades. While stocks have recovered from their April lows and demand for bonds has been relatively steady, the dollar has continued a precipitous decline. The US dollar index, which measures the dollar’s strength against six major foreign currencies,

By Jordan Valinsky, CNN New York (CNN) — Monster and CareerBuilder, once two of the most popular websites for job seekers at the height of the dot-com era, have filed for bankruptcy. The two sites, which merged last year to become one entity named Monster + CareerBuilder, voluntary filed for Chapter 11 Tuesday, announcing that

By John Towfighi, CNN New York (CNN) — The S&P 500 is on the cusp of a record high. That’s a remarkable change of events, since the index was on the brink of a bear market just two months ago. US stocks on Wednesday were mixed, with a new high for the S&P 500 less

By Elisabeth Buchwald and Vanessa Yurkevich, CNN (CNN) — New York City is one of the most expensive cities in the world to live in, a fact that guided many New Yorkers’ votes in Tuesday’s mayoral primary election. Like his fellow candidates, Zohran Mamdani has put affordability at the forefront of his campaign. But his

By Elisabeth Buchwald, CNN (CNN) — Consumer confidence dropped last month to a reading of 93, a 5.4 point decline from May, according to data the Conference Board released on Tuesday. The decline was seen across all political affiliations but was strongest among Republican respondents. Consumers had been feeling better after an agreement was secured

By Chris Isidore and Alexandra Skores, CNN Washington, D.C. (CNN) — The blame for a horrifying mid-flight blowout of a door plug on an Alaska Airlines flight last year is shared by plane manufacturer Boeing, its supplier Spirit Aerosystems and the Federal Aviation Administration, the chairwoman of the National Transportation Safety Board said at a

By Sean Lyngaas, CNN (CNN) — Hospitals, water dams and power plants across the US are on alert for any potential Iranian cyberattacks in retaliation for US airstrikes on Iran nuclear sites over the weekend. The United States dropped massive bombs on three nuclear sites inside Iran on Saturday, decisively entering into conflict with the

By Jordan Valinsky, CNN New York (CNN) — King’s Hawaiian, maker of sweet buns and rolls that come in distinct bright-orange packaging, is retooling its branding as part of its 75th anniversary. The company unveiled Tuesday a modernized logo and updated packaging for its products, which have grown in recent years to include snacks like

By Anna Cooban, John Liu and John Towfighi, CNN London/Hong Kong/New York (CNN) — Oil prices fell sharply Tuesday, returning to levels last seen before the Iran-Israel conflict, as investors cheered news of a ceasefire, albeit fragile, between the two countries. Brent crude, the global oil benchmark, fell 6.1% to $67.14 a barrel. West Texas