Money

CNN By Auzinea Bacon, CNN (CNN) — In an announcement that many investors knew was coming but didn’t believe would actually happen, famed investor Warren Buffett said Saturday at Berkshire Hathaway’s annual shareholder meeting that he would step down as CEO at the end of the year. Greg Abel would take over at that point,

By Brian Stelter, CNN (CNN) — Less than two months ago, when the Trump administration turned off the Voice of America’s networks and websites, Kari Lake, a fierce loyalist to President Donald Trump, said the agency is “unsalvageable.” Now, Lake is working on salvaging it, and VOA may be about to come back online. “We

By Auzinea Bacon, CNN (CNN) — In an announcement that many investors knew was coming but didn’t believe would actually happen, famed investor Warren Buffett said Saturday at Berkshire Hathaway’s annual shareholder meeting that he would step down as CEO at the end of the year. Greg Abel would take over at that point, pending

By Ramishah Maruf, CNN New York (CNN) — Hours after a key US tariff exemption expired on Friday, Chinese e-commerce site Temu announced it was overhauling its shipping model, sending out all American sales via US-based sellers. “All sales in the U.S. are now handled by locally based sellers, with orders fulfilled from within the

CNN By Samantha Waldenberg and Bryan Mena, CNN (CNN) — President Donald Trump appeared to dismiss growing concerns that his economic policies could cause a recession, telling NBC News that the economy would be “OK” in the long term even if a recession happens in the near future. “Some people on Wall Street say that

By John Towfighi, CNN New York (CNN) — US stocks rose Friday and the S&P 500 notched its longest winning streak since 2004 as China signaled openness to trade talks and investors digested a better-than-expected jobs report. The Dow closer higher by 564 points, or 1.39%. The broader S&P 500 rose 1.47% and the tech-heavy

By Matt Egan, CNN New York (CNN) — Zelle is returning to service after an outage for customers at some banks due to what the popular peer-to-peer payment platform blamed on a problem at a different firm. DownDetector, which lets users track outages, showed a spike in customers reporting payment problems starting Friday morning before

By Anna Stewart, Maisie Linford and Issy Ronald, CNN (CNN) — OpenAI has withdrawn an update that made ChatGPT “annoying” and “sycophantic,” after users shared screenshots and anecdotes of the chatbot showering them with over-the-top praise. When CNN’s Anna Stewart asked ChatGPT after the rollback if it thought she was a god, it replied with

By Brian Stelter, CNN (CNN) — Radio Free Asia is laying off most of its staff and shutting down many of its news broadcasts and streams, amid a funding battle with the Trump administration. Friday’s layoff notices are the latest impacts of President Trump’s crusade against the international broadcasters the United States has bankrolled for

By Natasha Chen, CNN Los Angeles (CNN) — Edgar Recinos no longer has to choose between paying rent and buying groceries. As a cook at a Wingstop restaurant in Los Angeles, Recinos got a significant wage bump last year — one of half a million fast food workers taking part in a great labor experiment.

By Nathaniel Meyersohn, CNN New York (CNN) — Diversity, equity and inclusion (DEI) has been losing with corporate America, with one big exception: the people who actually own the companies. This year, investors at some of America’s biggest companies — Costco, Apple, Levi’s, John Deere, Goldman Sachs and others — have overwhelmingly voted against proposals

By Bryan Mena, CNN Washington (CNN) — America’s long-resilient job market continues to defy expectations — even in the wake of swirling uncertainty. The US economy added a surprisingly strong 177,000 jobs in April, a slight slowdown from March’s downwardly revised 185,000 gains, according to Bureau of Labor Statistics data released Friday. April’s gain was

By Brian Stelter and Clay Voytek, CNN (CNN) — President Donald Trump signed an executive order Thursday directing the Corporation for Public Broadcasting to end federal funding for America’s two biggest public broadcasters, which have faced a series of attacks from the White House and Republican lawmakers accusing them of biased reporting. The order instructs