Money

By Hadas Gold, CNN New York (CNN) — A Nevada judge has ruled that billionaire media mogul Rupert Murdoch and his family can hold a secret court battle over the future of his vast media empire behind closed doors. The judge rejected a petition by a coalition of media organizations, including CNN, The New York Times, NPR,

By Olesya Dmitracova, CNN London (CNN) — OpenAI has unveiled a new artificial intelligence model that it says can “reason” and solve harder problems in science, coding and math than its predecessors. The model, the first in a series called OpenAI o1, was released Thursday as a preview, with the firm saying it expects regular updates

By Jon Passantino and Sean Lyngaas, CNN (CNN) — Where did the money go? The right-wing social media stars who were allegedly paid millions of dollars in a nefarious Russian influence operation to shape public opinion around the 2024 US presidential election are remaining mum. Last week, the Justice Department alleged that Russian state media producers

By Elisabeth Buchwald, CNN New York (CNN) — For much of the last two years, the 2-year US Treasury yield has traded above the 10-year yield. When that happens, it historically has meant a recession is looming. So you’d think that investors and economists would have celebrated last week when that warning sign stopped flashing.

By Nathaniel Meyersohn, CNN New York (CNN) — A year ago, America’s stores declared a shoplifting epidemic. They closed stores in major cities, hired extra security, locked up key merchandise and declared big losses in their financial statements. This year, retailers are telling a very different story — or no story at all. It’s as

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — About 33,000 union members at Boeing have started to walk off the job on Friday after they overwhelmingly rejected a proposed four-year contract with the troubled aircraft manufacturer. The strike, the first at the company in 16 years, will virtually stop commercial airplane production

By Juliana Liu, CNN Hong Kong (CNN) — Hyundai and General Motors (GM) have agreed to look for ways to work together on developing new vehicles, supply chains and technologies in an effort to cut costs and move more quickly. Global carmakers are under intense pressure to come up with new electric vehicle (EV) and

By Marshall Cohen, CNN Washington (CNN) — A major defamation case against Newsmax will proceed to trial later this month, a judge ruled Thursday, dealing a blow to the right-wing network and setting the stage for the 2020 election to be relitigated during the final stretch of the 2024 race. Delaware Superior Court Judge Eric Davis rejected Newsmax’s

By Chris Lau, Marc Stewart and Martha Zhou, CNN Beijing/Hong Kong (CNN) — Married for seven years, Hansen and his wife Momo care for six little ones at their apartment in downtown Beijing. But they adopt a slightly different parenting routine from your typical mom and dad: They play fetch with them and take them

By Samantha Delouya, CNN (CNN) — Nearly half of all renter households in the US were cost-burdened in 2023, meaning they paid more than 30% of their income towards housing costs, according to new government data. The data, released Thursday as part of the US Census Bureau’s 2023 American Community Survey, underscores the gravity of

By Bryan Mena, CNN Washington (CNN) — It’s hard to overstate how tough it has become for millions of Americans to purchase a home — a cornerstone of the so-called American Dream. Home prices are sky-high, mortgage rates remain higher than anything seen from 2008 to 2022 and housing supply is not keeping up with

By Piper Hudspeth Blackburn, CNN (CNN) — A federal appeals court in Washington, DC, on Thursday evening temporarily blocked a prediction market from offering bets on the November elections, granting a government watchdog’s request to pause a ruling that made way for legal political gambling in the United States. Earlier Thursday, US District Judge Jia

By Jeanne Sahadi, CNN (CNN) — When you’re making a purchase at a store’s checkout counter, you may be invited to sign up for the retailer’s store card and promised an initial discount on what you’re buying, plus future perks. “Ok, why not?” you think. Here’s why not: If you ever end up carrying a

By Bryan Mena, CNN Washington (CNN) — Mortgage rates fell this week to the lowest point since February 2023, in a welcome sign for Americans grappling with a tough housing market. The standard, 30-year fixed-rate mortgage averaged 6.20% in the week ended September 12, mortgage financing giant Freddie Mac said Thursday. That’s down from last

By David Goldman, CNN (CNN) — Emily Wiprud, the first officer piloting Alaska Airlines Flight 1282 on January 5, says she initially thought people had been killed when the plane’s door plug blew off shortly after takeoff, according to an interview with CBS News Wednesday. “I opened the flight deck door. And I saw quiet.

By Alicia Wallace, CNN (CNN) — Another day, another encouraging inflation report — but one with enough hint of concern to keep the victory parades at bay and keep the Federal Reserve from going big on its impending rate cut. The Producer Price Index, which measures average price changes seen by producers and manufacturers, markedly

By Hanna Ziady, CNN London (CNN) — The European Central Bank cut interest rates Thursday, lowering borrowing costs for the second time in recent months as inflation slows and Europe’s economy stumbles. The widely anticipated decision, which was unanimously agreed by the ECB’s 26 rate-setters, takes the benchmark rate in the 20 countries that use

By Ramishah Maruf, CNN New York (CNN) — The McDonald’s $5 meal deal is staying on menus until December, a sign that inflation-weary customers are devouring value meals recently offered by fast food chains. The Chicago-based fast-food giant announced the $5 meal deal in June. But what the company offered as a one month only

By Matt Egan, CNN (CNN) — The face of artificial intelligence in America is set to meet with top US officials at the White House on Thursday, CNN has learned, in a first-of-its-kind meeting to solve a riddle that could severely strain US infrastructure: how to power the AI boom. Sam Altman, the CEO behind

By Hadas Gold, CNN New York (CNN) — When Rupert Murdoch, the 93-year-old media mogul, quietly decided last year to upend the irrevocable family trust that governs who will control his sprawling global media empire after his death, the move ignited an intense feud among his children. But the secret family affair now playing out inside an obscure Reno, Nevada, courtroom like a page ripped from