Money

By Bryan Mena, CNN Washington (CNN) — US stocks wavered Tuesday after Federal Reserve Chair Jerome Powell said a “lack of further progress” on inflation means the central bank likely won’t cut interest rates at its upcoming policy meeting just two weeks away, keeping them higher for longer. Stocks seesawed after Powell’s comments, closing mixed Tuesday. The Dow rose

By Marshall Cohen and Oliver Darcy, CNN (CNN) — Voting technology company Smartmatic and the far-right network One America News said Tuesday that they had settled a defamation lawsuit stemming from the outlet’s lies about the 2020 election. “The case has been resolved pursuant to a confidential agreement,” OAN attorney Chip Babcock told CNN. Both parties declined

By Tom Foster, CNN London (CNN) — Microsoft will invest $1.5 billion in Abu Dhabi’s G42, an artificial intelligence group that has faced questions over its ties to China. The companies will collaborate on AI and digital infrastructure, in a move that sees Microsoft’s AI empire expand into the Middle East for the first time.

By David Goldman, CNN New York (CNN) — Investors in Trump Media & Technology Group’s stock are throwing in the towel. Shares of TMTG (DJT) tumbled 14% Tuesday after closing 18% lower Monday. Driving the stock lower Tuesday: The company’s premier product, Truth Social, announced a major expansion into streaming, a notoriously cost-intensive business in

By Anna Cooban, CNN London (CNN) — The creation of sexually explicit deepfake content is likely to become a criminal offense in England and Wales as concern grows over the use of artificial intelligence to exploit and harass women. Under a draft law, anyone who creates such an image or video of another adult without

By Jon Passantino and Oliver Darcy, CNN New York (CNN) — NPR has suspended the senior business editor who penned a scathing online essay claiming the radio network had “lost America’s trust” by embracing a “progressive worldview,” prompting fierce right-wing backlash and calls to defund the radio network. NPR’s David Folkenflik reported on Tuesday that Uri Berliner’s

By Hanna Ziady, CNN London (CNN) — The US economy’s standout performance will be a major driver of global growth this year but could make America’s inflation problem harder to solve, according to the International Monetary Fund. The IMF upgraded Tuesday its forecast for US economic growth to 2.7% this year — 0.6 percentage points

By Jordan Valinsky, CNN New York (CNN) — The US Department of Justice is preparing to sue the country’s largest concert promoter and ticketing website Live Nation in the coming weeks for breaking America’s antitrust laws, the Wall Street Journal reported, citing anonymous sources familiar with the Justice Department’s plans. The lawsuit against Live Nation

By Clare Duffy, CNN New York (CNN) — Meta’s Oversight Board is set to evaluate the company’s handling of deepfake pornography amid growing concerns that artificial intelligence is fueling a rise in the creation of fake, explicit imagery as a form of harassment. The Oversight Board said Tuesday that it will review how Meta addressed

By Laura He, CNN Hong Kong (CNN) — China’s economy grew stronger than expected at the start of this year, mainly thanks to robust growth in high-tech manufacturing. Gross domestic product (GDP) grew by 5.3% in the first quarter from a year ago, according to the National Bureau of Statistics on Tuesday. That beat the

By Chris Isidore and Pete Muntean, CNN New York (CNN) — Boeing on Monday scrambled to address safety and quality concerns about its planes ahead of a whistleblower hearing in the Senate on Wednesday. A briefing for journalists came in the wake of reports last week that the Federal Aviation Administration is looking into allegations

By Ramishah Maruf, CNN New York (CNN) — Some H&R Block customers who waited until the last day to file their taxes faced frustrating outages that began Sunday night, according to the company and Downdetector. The outage was resolved by Monday afternoon, the tax preparer’s support account posted on X, formerly known as Twitter. Downdetector,

By Nathaniel Meyersohn, CNN New York (CNN) — Queen Bey is giving Levi’s brand a lift. Beyoncé’s hit country album “Act II: Cowboy Carter,” which features the song “Levii’s Jeans” with rapper Post Malone, has lyrics like “denim on denim on denim on denim.” And at the same time, she posted an image on Instagram of her wearing a

By Chris Isidore, CNN New York (CNN) — Tesla is reportedly cutting more than 10% of its global staff of 140,000. The cuts for the company, which had nearly doubled its overall headcount since the end of 2020, is just the latest example of the effects of more competition and softer demand in the electric

By Krystal Hur and David Goldman, CNN New York (CNN) — Trump Media & Technology Group’s stock is tumbling again after the company announced a potentially massive new influx of shares. The struggling company is rapidly losing money, and a new stock offering could help it stay afloat. But there’s a downside to going back

By Jordan Valinsky, CNN New York (CNN) — Monday is the last day for some Verizon customers to apply for a refund as part of a $100 million settlement from a class-action lawsuit. Earlier this year, the wireless carrier sent an email or postcard to eligible customers alerting them to file a claim by April 15 to

By Jeanne Sahadi, CNN New York (CNN) — It’s Tax Day in the United States for most Americans, and there are still plenty of people racing to file their 2023 income tax returns up until the clock strikes midnight. “With the April deadline upon us, we’re seeing a flurry of tax returns coming in during