Money

By Jordan Valinsky, CNN New York (CNN) — Save the Music, the nonprofit foundation that grew in popularity on cable TV in the late 1990s through the 2000s, is going indie. Paramount Global is ending its financial support for the nearly 30-year-old program that promotes music education in public schools, the foundation announced Wednesday. As

By Chris Isidore, CNN New York (CNN) — The US government has many ways to funnel financial support to businesses, both large and small, helping them to do research and development, expand operations, hire and pay staff, and compete in the global market place. Just about all of those means of financial support were up

By Jordan Valinsky, CNN New York (CNN) — Frontier Airlines is making another offer to merge with bankrupt Spirit Airlines, less than two years after a previous plan fell through. Frontier said in a statement Wednesday that the transaction “would provide meaningful value to Spirit financial stakeholders” and create a “stronger low-cost carrier” that would

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve on Wednesday hit pause on interest rate cuts in its first key decision of President Donald Trump’s second term. It’s a move that’s likely to stoke tensions between the central bank and the new president, who has argued that he should have some say in

By Clare Duffy, CNN New York (CNN) — Silicon Valley is coming to grips this week with the realization that creating an advanced artificial intelligence model may no longer be as specialized a task as was once believed. The wakeup call came in the form of DeepSeek, a year-old Chinese start-up whose free, open-source AI

By Anna Cooban, CNN London (CNN) — On Sunday, an undersea cable ferrying data between Sweden and Latvia was damaged, most likely as a result of an external force, Latvia said. This is just the latest in a string of incidents since late 2022 leading to damage to Europe’s infrastructure that crisscrosses the bottom of

By Vanessa Yurkevich and Ramishah Maruf, CNN New York (CNN) — At her first White House briefing, Press Secretary Karoline Leavitt made an unusual claim about the inflation that has stung American shoppers for years: Leavitt said egg prices have continued to surge because “the Biden administration and the Department of Agriculture directed the mass

By Vanessa Yurkevich, CNN New York (CNN) — Coffee prices hit a new high Monday, the day after President Donald Trump threatened – and then reversed course on – a 25% tariff on Colombia during a spat about deportation flights from the US. And the price is still rising. Even though the tariff never went

By David Goldman and Elisabeth Buchwald, CNN (CNN) — President Donald Trump has been talking about tariffs for so long that it feels like we know exactly what’s coming. But we kind of have no idea. Trump has repeatedly thrown out some now-familiar numbers: 25% tariffs on all imports from Mexico and Canada, anywhere from

By Jordan Valinsky, CNN New York (CNN) — Google is complying with President Donald Trump’s executive action that renamed the Gulf of Mexico to the Gulf of America. Soon, the name change will appear on Google Maps. In a post on X, Google explained that it has a “longstanding practice of applying name changes when

By Jordan Valinsky, CNN New York (CNN) — The “swicy” trend is far from over. In fact, a spice that combines both the sweet and spicy trends is about to have a breakthrough year. McCormick, the top-selling maker of seasonings and spices, has named ají amarillo as its 2025 “Flavor of the Year.” The 25th

By Chris Isidore, CNN New York (CNN) — Tesla will likely report thinner profit margins in its quarterly and full-year results Wednesday, a result of its first drop in annual sales in its history last year and a price war in the EV sector from increased competition. But the company’s large swaths of investors seem

By Chris Isidore, CNN New York (CNN) — General Motors reported a record adjusted net income for 2024 on Tuesday, just a year after the costly strike by the United Auto Workers union, and said it expects even better operating results in the year ahead. But the company admitted a number of policy headwinds from

By Jessie Yeung and Vanessa Yurkevich, CNN (CNN) — Workers at a Pennsylvania Whole Foods store voted on Monday to unionize, forming the first union in the organic grocery chain owned by Amazon. A majority of the employees at the flagship store in Philadelphia’s Center City neighborhood voted to join a local chapter of the