Money

By John Liu, CNN Hong Kong (CNN) — A customer’s complaint about a disappointing cake kicked off a massive investigation that uncovered thousands of “ghost” food vendors in China, resulting in staggering fines for some the country’s largest firms and highlighting the pitfalls of the cutthroat price competition. The inquiry –– marked by scuffles between

By Hadas Gold, CNN (CNN) — Florida Attorney General James Uthmeier opened an investigation into OpenAI over whether the company “bears criminal responsibility” for a shooting at Florida State University last year. The attorney general’s office said it is investigating whether OpenAI’s ChatGPT helped the suspect, Phoenix Ikner, carry out the crime. “If that bot were

By Kit Maher, David Goldman, CNN (CNN) — Safe sex could get more expensive if the Iran war continues to disrupt global supply chains, according to a new interview with the CEO of the world’s largest condom manufacturer. Karex CEO Goh Miah Kiat told Reuters on Tuesday that the company may be forced to raise

By David Goldman, CNN (CNN) — Confirmation hearings for Federal Reserve chairs are usually staid, rubber-stamp affairs. Not this one. Democrats and one key Republican from the Senate Banking Committee repeatedly attacked President Donald Trump; his pick for Fed chair, Kevin Warsh; and at times, both, in a fiery hearing that included questions about an

By Alicia Wallace, CNN (CNN) — Americans saw large chunks of their wallets get eaten up by soaring gas prices in March; however, consumers still had money left in the tank to spend elsewhere. A war-driven spike in gas prices sent US retail sales 1.7% higher March, the fastest monthly pace in more than three

By Ramishah Maruf, CNN New York (CNN) — Apple veteran John Ternus will take over the $4 trillion company as CEO come September 1. “Having spent almost my entire career at Apple, I have been lucky to have worked under Steve Jobs and to have had Tim Cook as my mentor,” he said in a

CNN By Ramishah Maruf, CNN New York (CNN) — Apple veteran John Ternus will take over the $4 trillion company as CEO come September 1. “Having spent almost my entire career at Apple, I have been lucky to have worked under Steve Jobs and to have had Tim Cook as my mentor,” he said in

By Lisa Eadicicco, CNN (CNN) — Tim Cook, the executive who led Apple to become a $4 trillion company and defined its identity in the post-Steve Jobs era, is stepping down as CEO, Apple said on Monday. John Ternus, Apple’s senior vice president of hardware engineering, will take over as CEO effective September 1. Cook

By Hadas Gold, CNN (CNN) — Satirical news site The Onion said it has reached an agreement to take over conspiracy theorist Alex Jones’ InfoWars company, in a move that could help repay the more than $1 billion he owes the families of Sandy Hook shooting victims. Should The Onion win court approval, it would

By Clare Duffy, CNN New York (CNN) — A group of parents and advocates gathered on Capitol Hill on Tuesday in a renewed push for online safety legislation, hoping to build on the momentum of court wins against social media companies last month. With the Capitol building as a backdrop, they were surrounded by 150

By Brian Stelter, CNN (CNN) — FBI director Kash Patel has sued The Atlantic and reporter Sarah Fitzpatrick over a story that alleged Patel has “alarmed colleagues with episodes of excessive drinking and unexplained absences.” The defamation suit, filed Monday morning in US District Court in the District of Columbia, seeks $250 million in damages.

By Elisabeth Buchwald, CNN (CNN) — Tariff refunds are finally happening. Well, sort of. Exactly two months after the Supreme Court struck down President Donald Trump’s most sweeping tariffs, American importers, who are owed $166 billion in refunds plus interest, can begin applying for reimbursement Monday through a new US Customs and Border Protection portal.

By Bryan Mena, CNN (CNN) — Kevin Warsh has spent years criticizing the Federal Reserve for doing too much. More recently, he has suggested it may need to do the opposite. That tension will be front and center Tuesday at his confirmation hearing before the Senate Banking Committee, delivering the first real test of how

By Tami Luhby, CNN (CNN) — Although tensions are easing in the Middle East — at least for now — US gas prices will remain far above pre-war levels for weeks, if not months. But you can ease the pain at the pump now if you know how to shop smart for gas. The average

By Clare Duffy, CNN New York (CNN) — FanDuel has built a large and growing business with its sports betting app, becoming the largest online sportsbook in the United States. But online sports gambling remains illegal in many states, which is why it’s getting into the booming — and controversial — prediction market business. Billions

By Julian Torres, CNN New York (CNN) — Mary Akkerman has visited more than 30 college campuses with her children, one now at Stanford and another still in high school. She especially wanted them to get degrees that lead to good jobs – but figuring that out, said the Sioux Falls, South Dakota, parent, was