Money

By Bryan Mena, CNN Washington (CNN) — President Donald Trump’s widespread tariffs aren’t boosting inflation, so interest rates should be lowered quickly to prevent America’s labor market from deteriorating, Federal Reserve Governor Stephen Miran said Friday in his first public comments as a monetary policymaker. The Fed on Wednesday announced a quarter-point rate cut, the

By Tami Luhby, CNN (CNN) — This year’s winter heating bills may send a shiver down many Americans’ spine. The cost of staying warm at home is expected to jump an average of 7.6%, to $976 this season, according to a new estimate from the National Energy Assistance Directors Association. The spike stems from increases

By Lisa Eadicicco, CNN (CNN) — Back in 2017, consumers balked at the idea of a $1,000 iPhone. Now, some shoppers may end up paying double that if they choose Apple’s latest top-of-the-line model. The iPhone 17 Pro Max, the larger variant of Apple’s Pro phone that launches today along with the iPhone 17, 17

By Clare Duffy, CNN (CNN) — President Donald Trump said at the conclusion of a call with China’s leader Xi Jinping Friday morning that they had made progress to finalize a deal that would sell most of TikTok’s US assets to American investors. The deal would conclude a yearslong effort that began during Trump’s first

By Brian Stelter, CNN (CNN) — When Federal Communications Commission Chair Brendan Carr suggested Jimmy Kimmel should be suspended and said, “We can do this the easy way or the hard way,” ABC and its local affiliates were listening. Within a matter of hours, ABC suspended Kimmel’s show “indefinitely,” a stunning move that has raised

By Samantha Delouya, CNN (CNN) — The Federal Reserve’s rate cut this week is rippling through the housing market, sending mortgage rates lower and spurring a jump in refinancing. The 30-year fixed mortgage rate averaged 6.26% for the week ending September 18, down from 6.35% last week, according to data released Thursday by Freddie Mac.

By Chris Isidore, CNN (CNN) — Tesla is looking into redesigning the way to open its car doors in an emergency following several accidents where passengers were reportedly trapped in burning vehicles because rescuers could not open them. Even without an accident, other Tesla owners have reported having to break their own car windows after

By Alicia Wallace, CNN Falcon Heights, Minnesota (CNN) — The Federal Reserve cut interest rates on Wednesday for the first time this year, a move that could provide some relief for Americans from the higher cost of living. But there is a deepening inequality among households in the United States. Consumer spending, which is a

By Clare Duffy, CNN Menlo Park, Calif. (CNN) — Have you ever wished you could quickly and quietly respond to a text while in a movie theatre without pulling out your phone. Or that you could see directions to the closest coffee shop without having to look down at your maps app? A new pair

By Clare Duffy, CNN Menlo Park, Calif. (CNN) — Meta CEO Mark Zuckerberg took the stage on Wednesday to unveil the company’s next-generation artificial intelligence-powered wearable device: a pair of smart glasses with a tiny display inside the lens. The Meta Ray-Bans Display glasses represent the company’s next step toward a future where we all

CNN By Jordan Valinsky, Vanessa Yurkevich, CNN New York (CNN) — Hours after Ben & Jerry’s co-founder Jerry Greenfield resigned from the ice cream company he founded nearly five decades ago, his former business partner, Ben Cohen, revealed to CNN why Jerry felt he had to leave. “Jerry has a really big heart, and this

By John Towfighi, CNN (CNN) — FBI Director Kash Patel spurred a fierce but fleeting rally in Krispy Kreme shares (DNUT) on Wednesday after he said the stock was a solid investment. The comment came during Patel’s testimony before the House Judiciary Committee on Wednesday. Colorado Rep. Joe Neguse asked Patel about his decision to

By Samantha Delouya, CNN (CNN) — Anthropic CEO Dario Amodei doubled down on his warning that artificial intelligence could soon cause mass unemployment, even as the technology’s current capabilities lag behind many predictions. Amodei, who runs one of the world’s leading AI labs, warned that the technology is advancing “very quickly” and has already begun