Money

By Jordan Valinsky, CNN New York (CNN) — Mark Zuckerberg’s Meta offered employees of rival OpenAI signing bonuses of $100 million to switch companies, according to Open AI CEO Sam Altman. “They started making giant offers to a lot of people on our team,” Altman said Tuesday on the “Uncapped” podcast hosted by his brother

By Lisa Eadicicco, CNN New York (CNN) — Celebrities have long put their names on everything from shoes to cosmetics to snacks. Now, they’re attaching their brand to mobile phone networks. Trump Mobile, announced on Monday, is the latest cellular service pegged to a high-profile figure, joining the likes of wireless services from actors such

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve held interest rates steady again Wednesday as officials continue to wait for the fallout of President Donald Trump’s sweeping policy changes and tensions in the Middle East. The central bank left its benchmark lending rate unchanged at a range of 4.25% to 4.5%, where it

By Clare Duffy and Samantha Waldenberg, CNN New York (CNN) — TikTok just got another lifeline from the White House, with President Donald Trump set to delay enforcement of the sale-or-ban law by another 90 days. “President Trump will sign an additional Executive Order this week to keep TikTok up and running,” Karoline Leavitt, White

By Liam Reilly and Tami Luhby, CNN (CNN) — For decades, pharmaceutical companies have shelled out big bucks to broadcasters to place ads between TV segments. But a pair of policies being considered by US Health and Human Services Secretary Robert F. Kennedy Jr. could change that and leave broadcasters in financial straits. While not

By Lisa Eadicicco and Hadas Gold, CNN New York (CNN) — When the Trump Organization unveiled its new Trump Mobile wireless service on Monday, it said its upcoming T1 smartphone will be “proudly designed and built in the United States.” But experts told CNN they’re skeptical that a smartphone can be built in the US

By Ramishah Maruf, CNN New York (CNN) — Amazon is warning its employees that artificial intelligence will help the company have a smaller workforce in the future. In a blog post Tuesday that was sent out earlier to employees, Amazon CEO Andy Jassy said that efficiency gains from AI would allow the company to eventually

By Anna Cooban, CNN London (CNN) — The European Union is moving closer to banning all imports of Russian oil and natural gas more than three years after Moscow launched its unprovoked, full-scale invasion of Ukraine. The European Commission, the bloc’s executive arm, put forward a legislative proposal Tuesday to gradually ban purchases of Russian

By Jordan Valinsky, CNN New York (CNN) — Smartwater is bringing one of the world’s most familiar faces — and former friend — back to its advertisements. Jennifer Aniston is once again the face of the electrolyte-infused water, rejoining the brand following a five-year hiatus. The Coca-Cola-owned unit has re-signed the actress and entrepreneur to

By Jordan Valinsky, CNN New York (CNN) — JPMorgan Chase is hiking the annual fee of its popular Sapphire Reserve credit card by 45% as part of a major overhaul to attract high-spending millennials. The bank announced Tuesday that the credit card, which is targeted at travel and dining aficionados, will soon cost $795 per

By Bryan Mena, CNN Washington (CNN) — Americans are feeling a hangover from their tariff-fueled buying frenzy early in the spring. Retail sales fell by 0.9% in May from the prior month, the Commerce Department said Tuesday, down sharply from April’s downwardly revised 0.1% decline. That was the steepest monthly decline since January and worse

By Anna Cooban, CNN London (CNN) — Workers are struggling to cope with a “seemingly infinite workday,” involving an increasing load of meetings scheduled at 8 p.m. or later and a near-constant stream of interruptions, according to new research by Microsoft. The company analyzed data from users of Microsoft 365 services — which include Outlook

By Nathaniel Meyersohn, CNN New York (CNN) — Food giant Kraft Heinz will remove all artificial colors from its brands as synthetic food dyes face renewed scrutiny from consumers and Secretary Robert F. Kennedy Jr.’s US Department of Health and Human Services. The maker of Kraft Mac & Cheese, Heinz ketchup, Jell-O, Capri-Sun and other

By Chris Isidore, CNN (CNN) — A bill to raise the federal minimum wage to $15 an hour from $7.25 is back – but you might be surprised at who’s leading the charge: Republican Senator Josh Hawley of Missouri. Shifts in state and local minimum wages, however, as well as the broader economy, show how

By John Towfighi, CNN (CNN) — Global markets have remained relatively calm amid the escalating tensions between Israel and Iran. But that sentiment could quickly shift, according to experts, if the conflict affects the Strait of Hormuz. That’s because the narrow stretch of water located between the coasts of Iran and Oman is one of

By Ramishah Maruf, CNN New York (CNN) — Champion eater Joey Chestnut is returning to the Nathan’s Famous Fourth of July Hot Dog Eating Contest after being banned last year. “This event means the world to me. It’s a cherished tradition, a celebration of American culture, and a huge part of my life,” he said

CNN By Rebecca Wright, Kristie Lu Stout, Dan Hodge, Robin Lee and Alysha Bibi, CNN Hong Kong (CNN) — As the metal gangway is lowered, the crew gets to work securing the ship to the dockside – their bright orange jumpsuits dwarfed by the vast pink container ship behind them. Once the ONE Modern vessel

By Rebecca Wright, Kristie Lu Stout, Dan Hodge, Robin Li and Alysha Bibi, CNN Hong Kong (CNN) — As the metal gangway is lowered, the crew gets to work securing the ship to the dockside – their bright orange jumpsuits dwarfed by the vast pink container ship behind them. Once the ONE Modern vessel is