Money

By Matt Egan, CNN New York (CNN) — Shares of Truth Social owner Trump Media & Technology Group plunged Monday after the company disclosed that it lost more than $58 million and generated very little revenue in 2023. Former President Donald Trump is the company’s majority shareholder, and his net worth tumbled by more than

By Eva Rothenberg, CNN New York (CNN) — Scientists in the United States, especially those in the biomedical fields, are increasingly leaving the world of academia for better-paying industry jobs amid stagnant federal funding and low wages. It’s a troubling sign for the future of US-based medical research and development at pharmaceutical and biotech companies,

By Jeanne Sahadi, CNN New York (CNN) — If you haven’t sent in your 2023 income tax return yet, you have until April 15 to do so. Unless, that is, you’re among the millions of people who, for different reasons, are granted more time to file later this year. That includes those who file for

By Tina Burnside and Holly Yan, CNN (CNN) — This is not an April Fool’s Day joke. Monday night’s Powerball drawing has skyrocketed to $1 billion. This is only the fifth advertised Powerball jackpot to reach $1 billion, lottery officials said. The deadline to buy tickets for today’s drawing varies depending on where you buy,

By Peter Valdes-Dapena, CNN (CNN) — One sound could go missing from the symphony that greets campers at dawn. Besides bird chirps, owl hoots and racoons searching for food, the rumble of car engines firing up as campers head home may be strangely absent. It will at least be less common as electric trucks and

By Nicole Goodkind, CNN New York (CNN) — The massive cargo ship crash that destroyed the Baltimore’s Francis Scott Key Bridge on Tuesday will probably cost various shipping companies and insurers billions of dollars in damages. But lawyers, legislators and business owners will need to turn to one of the oldest subjects of law to

CNN By Nicole Goodkind, CNN New York (CNN) — The massive cargo ship crash that destroyed the Baltimore’s Francis Scott Key Bridge on Tuesday will probably cost various shipping companies and insurers billions of dollars in damages. But lawyers, legislators and business owners will need to turn to one of the oldest subjects of law

By Dalia Faheid and Sara Smart, CNN (CNN) — With no one winning the Powerball jackpot Saturday, the grand prize for Monday’s drawing grew closer to the billion-dollar mark, according to the lottery. Saturday’s winning numbers were: 33, 13, 50, 12, 52 with a Powerball of 23. The estimated $975 million Powerball jackpot in play Monday jumped from

CNN, KCRA By Eva Rothenberg, CNN New York (CNN) — AT&T has launched an investigation into the source of a data leak that includes personal information of 73 million current and former customers. In a news release Saturday morning, the telecommunications giant said the data was “released on the dark web approximately two weeks ago,”

By Eva Rothenberg, CNN New York (CNN) — AT&T has launched an investigation into the source of a data leak that includes personal information of 73 million current and former customers. In a news release Saturday morning, the telecommunications giant said the data was “released on the dark web approximately two weeks ago,” and contains

By Ramishah Maruf, CNN New York (CNN) — The Easter Bunny is hopping into town on Sunday, but that also means some businesses will be closed for last minute errands. On Easter Sunday, Christians celebrate the resurrection of Jesus Christ on the third day after his crucifixion. It is also the end of the 40-day

By Samantha Murphy Kelly, CNN (CNN) — All over the world, and for centuries, people have thrown coins into fountains, wishing wells and rivers for good luck. It’s a tradition widely depicted in movies, ranging from Disney’s “Snow White and the Seven Dwarfs” to the 1954 film “Three Coins in the Fountain”; and in the

By Samantha Delouya, CNN (CNN) — The seismic settlement announced by the National Association of Realtors earlier this month has not yet been approved, but it is already sending shockwaves through the real estate industry. The mere prospect of a future settlement has already caused some Americans to change their behavior when buying and selling

By Nathaniel Meyersohn, CNN A container ship colliding into the Francis Scott Key Bridge in Baltimore is drawing attention to potential vulnerabilities among some of America’s more than 600,000 bridges. The Key Bridge stood for 47 years, and in that time it never received the sort of jolt that anyone could have thought would bring

CNN By Nathaniel Meyersohn and Anna Bahney, CNN New York (CNN) — The home insurance market is crumbling in New Orleans, leaving Alfredo Herrera with few options for coverage — and skyrocketing insurance premiums. Herrera, 35, works in finance for a local bank. He bought his 900-square-foot home in New Orleans’ Mid-City neighborhood in 2020

By Elisabeth Buchwald, CNN New York (CNN) — The Federal Reserve has been keen on paying attention to investors’ expectations on interest rates. But the Fed is prepared to ignore Wall Street’s hope for a rate cut in June if it feels the economy isn’t ready yet. That’s the message Fed Chair Jerome Powell delivered

By Eva Rothenberg, CNN New York (CNN) — A federal judge on Thursday ordered Sam Bankman-Fried to repay more than $11 billion as part of his sentence for defrauding customers and investors in his failed crypto exchange FTX. Experts say this amount will likely financially incapacitate him for the rest of his life. “This forfeiture

By Elisabeth Buchwald, CNN New York (CNN) — The latest US inflation report showed that rising prices continue to weigh on American consumers. The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures price index, was up 2.5% for the 12 months that ended in February, a faster pace than January’s 2.4% rise in prices.

By Radina Gigova, Anna Chernova and Olesya Dmitracova, CNN London (CNN) — Six journalists working for independent media outlets in Russia were arrested in a span of just a few hours this week on the eve of the anniversary of American reporter Evan Gershkovich’s detention in the city of Yekaterinburg. The journalists include Antonina Favorskaya,