Money

By Tim Lister, Mohammed Tawfeeq, CNN (CNN) — The Iraqi government says it can no longer work with Russian oil company Lukoil – which has a huge stake in the country’s oil fields – because of recently imposed US sanctions against the company. Lukoil has told Iraq’s state oil company SOMO that it is declaring

By David Goldman, Elisabeth Buchwald, CNN (CNN) — President Donald Trump, embattled by America’s growing affordability problems, has once again floated a unique solution: Sending Americans rebate checks for the tariffs that his administration has collected. “People that are against Tariffs are FOOLS!” Trump posted on Truth Social Sunday. “A dividend of at least $2000

By Brian Stelter, CNN (CNN) — The BBC is embroiled in a massive political fight over its future, with conservatives capitalizing on an editing screw-up and denouncing the British broadcaster while liberals argue that the institution is flawed but worth defending. On Monday, Trump intensified the pressure by sending a threatening legal letter to the

By Gordon Ebanks, CNN (CNN) — Visa and Mastercard have a potential deal with retailers that would lower fees for merchants, potentially lowering prices but threatening prized consumer rewards. The deal, which is still subject to court approval, could mean big changes for businesses and consumers. In 2024, over a third of all purchases were

By Chris Isidore, CNN (CNN) — The federal government is ordering flight cuts at 40 major airports because of the shutdown – but it’s flyers in places like Pensacola, Florida; Moline, Illinois; Waco, Texas; and Shreveport, Louisiana who will have it the hardest. That’s because small feeder flights are largely the ones getting canceled, not

By John Towfighi, CNN New York (CNN) — Tech stocks took a bruising this week as nerves persist about expensive valuations and a potential artificial intelligence bubble. The Nasdaq Composite closed lower by 0.21% on Friday. The tech-heavy index fell 3.04% across the week and suffered its worst week since early April, when President Donald

By Jordan Valinsky, CNN New York (CNN) — Wendy’s is set to close hundreds of locations across the United States as part of its turnaround plan. Interim CEO Ken Cook announced Friday that a “mid single-digit percentage” of Wendy’s approximately 6,000 US locations could close, which would amount to around 200 to 350 restaurants. Affected

By Elisabeth Buchwald, CNN (CNN) — The record-breaking government shutdown has left Americans feeling worse about the economic outlook. That’s according to the latest University of Michigan consumer sentiment survey, which showed the index falling to 50.3 this month from 53.6 in October. It’s the lowest level since June 2022, which marked the lowest reading

By Carlotta Dotto, CNN A European human rights body has ruled that Facebook’s algorithm shows gender bias when promoting job advertisements, marking what activists say is a crucial step in holding big tech companies accountable for the design of their platforms. The Netherlands Institute for Human Rights said in a February 18 decision that Facebook’s

By Samantha Delouya, CNN (CNN) — When Stacy Morgan and her husband, Brandon Dodick, bought their beach house in Buxton, North Carolina, in May, they imagined one day spending their retirement there. Five months later, the house was gone. Theirs was one of 27 beachfront homes in Buxton and Rodanthe, two villages on Hatteras Island,

By Clare Duffy, CNN New York (CNN) — OpenAI, the world’s leader in AI and ChatGPT parent company, went into panic mode on Thursday over what it said was a very public misstatement. Two top executives furiously backtracked from an earlier comment that suggested OpenAI might need government support to cover the $1.4 trillion in

CNN By Chris Isidore, CNN (CNN) — Tesla shareholders approved a pay package on Thursday that could make CEO Elon Musk, already the world’s richest person, the world’s first trillionaire. Tesla announced that more than 75% of shares voted in favor of the pay package during the company’s annual shareholder meeting. The vote didn’t include

By Chris Isidore, CNN (CNN) — Tesla shareholders approved a pay package on Thursday that could make CEO Elon Musk, already the world’s richest person, the world’s first trillionaire. Tesla announced that more than 75% of shares voted in favor of the pay package during the company’s annual shareholder meeting. The vote didn’t include the

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