Money

By Luciana Lopez, Nathaniel Meyersohn, CNN (CNN) — Saks Global, the parent company of luxury retailer Saks Fifth Avenue, filed for Chapter 11 bankruptcy protection late Tuesday. The company had struggled with a heavy debt load following its purchase of rival Neiman Marcus in 2024. Saks was in a precarious financial situation before its Neiman

By Clare Duffy, CNN New York (CNN) — Microsoft says it will ask to pay higher electricity bills in areas where it’s building data centers, in an effort to prevent electricity prices for local residents from rising in those areas. The move is part of a broader plan to address rising prices and other concerns

By Alicia Wallace, CNN (CNN) — US consumer prices rose 2.7% annually in December, closing out a year that saw slight progress on inflation but continued affordability concerns for many Americans. The latest Consumer Price Index, which measures the average change in prices for some commonly purchased goods and services, showed that the annual pace

By Lianne Kolirin, CNN London (CNN) — The BBC is taking steps to have Donald Trump’s defamation lawsuit against it dismissed, a court document showed. Last month, the US president sued the British broadcaster for defamation over a BBC documentary featuring edited clips of a speech he made on January 6, 2021. The edit spliced

By Lisa Eadicicco, CNN Las Vegas (CNN) — Amazon doesn’t just want Alexa to know you. It wants her to remember things about you, like a close friend or family member would. That’s the driving philosophy behind the vision for Alexa’s future, which Amazon executives detailed in conversations with CNN at the annual Consumer Electronics

By Chris Isidore, CNN (CNN) — Tesla’s robotaxi service has been mostly hypothetical so far, but it’s certainly taking the company’s shareholders for a real ride. Tesla debuted its ride-hailing service using cars with its so-called full self-driving (FSD) tech in Austin, Texas, in June. At the rollout, CEO Elon Musk announced the ambitious goal

CNN By Elisabeth Buchwald, CNN (CNN) — President Donald Trump said on Monday that countries that do business with Iran will face a new 25% tariff. The announcement appears to mean goods from China, a major trading partner of both Iran and the United States, would become significantly more expensive to import. “Effective immediately, any

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump said on Monday that countries that do business with Iran will face a new 25% tariff. The announcement appears to mean goods from China, a major trading partner of both Iran and the United States, would become significantly more expensive to import. “Effective immediately, any Country

By Clare Duffy, CNN New York (CNN) — Apple plans to use Google’s Gemini artificial intelligence model to power its updated version of Siri, which is set to launch later this year, the two companies announced Monday. “After careful evaluation, Apple determined that Google’s Al technology provides the most capable foundation for Apple Foundation Models

By Nathaniel Meyersohn, CNN New York (CNN) — The biggest chains in America are using facial recognition technology to try to stop shoplifting. But most customers are unaware their faces are being scanned while they shop. Facial recognition isn’t new — it’s been controversially used for over a decade. Despite widespread disdain for the technology’s

By John Towfighi, CNN New York (CNN) — Investors took one look at the Trump administration’s criminal investigation into Federal Reserve Chair Jerome Powell and decided to resuscitate the “Sell America” trade Sunday night, selling off US stock futures, bonds and the dollar. But the “Sell America” trade was muted Monday, with US stocks recovering

By Clare Duffy, CNN New York (CNN) — When Elliston Berry, then 14 years old, discovered a classmate had made and shared a deepfake nude image of her, she didn’t know where to turn for information on what had happened or how to get the photos removed from social media. Now, she’s pushing to ensure

By Lex Harvey, CNN (CNN) — Elon Musk’s Grok has been blocked by Indonesia and Malaysia, the first countries to do so after the artificial intelligence tool’s “digital undressing” function flooded the internet with photos of women and minors in suggestive and obscene manipulated images. International pressure has been mounting on Musk to rein in

By Bryan Mena, CNN Washington (CNN) — Federal prosecutors have opened a criminal investigation of Federal Reserve Chair Jerome Powell over his June testimony before Congress about the central bank’s $2.5 billion renovation of its headquarters in Washington, DC, The stunning action against the independent Federal Reserve was met with an equally extraordinary statement posted

By Luciana Lopez, CNN (CNN) — President Donald Trump on Friday called for a one-year, 10% cap on credit card interest rates, saying the American public is being “ripped off” in a Truth Social post. Trump called for the cap to come into effect on January 20, the one-year anniversary of his return to the