Money

By John Towfighi, CNN New York (CNN) — Technology stocks aren’t carrying the market like they used to — but investors can protect their portfolios during the volatility. After years of powering the market on the promise of revolutionizing productivity, tech and AI stocks have hit a lull. It’s been four months since the tech-heavy

By Hadas Gold, CNN (CNN) — The Trump administration ordered federal agencies and contractors that work with the military to cease business with Anthropic after the company refused to allow the Pentagon to use its artificial-intelligence technology without restrictions. Government agencies, including the Pentagon, have six months to phase out use of Anthropic’s products, President

CNN By Hadas Gold, CNN (CNN) — Anthropic is rejecting the Pentagon’s latest offer to change their contract, saying the changes do not satisfy the company’s concerns that AI could be used for mass surveillance or in fully autonomous weapons. The Pentagon and Anthropic are at odds over restrictions the company places on the use

By Hadas Gold, CNN (CNN) — Anthropic is rejecting the Pentagon’s latest offer to change their contract, saying the changes do not satisfy the company’s concerns that AI could be used for mass surveillance or in fully autonomous weapons. The Pentagon and Anthropic are at odds over restrictions the company places on the use of

CNN By Brian Stelter, CNN (CNN) — Paramount emerged as the victor in the months-long battle for Warner Bros. Discovery after Netflix backed out of the bidding war Thursday, leaving Paramount poised to acquire Warner’s vast media empire, including CNN. Netflix said it has “declined to raise its offer for Warner Bros.” after the Warner

By Ramishah Maruf, CNN New York (CNN) — Block, the company behind Square, Cash App and Afterpay, is cutting its staff by 40%. The reason: “intelligence tools,” according to a letter to shareholders by co-founder Jack Dorsey. Dorsey thinks most companies will follow suit in the near future. The company is laying off more than

By Jordan Valinsky, CNN New York (CNN) — Papa Johns is the latest pizza chain to close hundreds of locations following a tough quarter as customers pull back on spending. The company revealed during Thursday’s earnings call that approximately 300 underperforming restaurants in North America will close by the end of 2027, with about 200

By Samantha Delouya, CNN (CNN) — US mortgage rates dropped below 6% this week, cracking a key threshold after years of punishing borrowing costs that sidelined millions of would-be buyers. On Thursday, the average 30-year fixed mortgage rate fell to 5.98% for the first time since 2022, according to Freddie Mac. Homeowners who secured rock-bottom

By Hanna Ziady, CNN London (CNN) — A month ago, Børge Brende interviewed US President Donald Trump following his address to government and business leaders in Davos, Switzerland. On Thursday, the president and CEO of the World Economic Forum, which organizes the annual gathering in the Swiss alps, announced he was stepping down following an

By Vanessa Yurkevich, CNN New York (CNN) — Burger King, home of the Whopper, is making the first changes to its best-selling menu item in nearly 10 years after consumers complained. The Whopper will replace its soft bun with a more premium one, use a new creamier mayonnaise and be served in a box instead

By Lisa Eadicicco, CNN (CNN) — Artificial intelligence is starting to change the way people work, find information and even form social relationships. Yet very little has changed about the devices people often use to access AI: smartphones. Samsung wants to change that with its Galaxy S26, a new series of smartphones announced Wednesday. The

By Matt Egan, CNN (CNN) — Economist and former Treasury Secretary Larry Summers announced plans on Wednesday to retire from his professorship at Harvard University at the end of the academic year amid scrutiny over his ties to convicted sex offender Jeffrey Epstein. In a statement, Summers described the retirement as a “difficult decision” and

By Clare Duffy, Lisa Eadicicco, CNN (CNN) — Anthropic, a company founded by OpenAI exiles worried about the dangers of AI, is loosening its core safety principle in response to competition. Instead of self-imposed guardrails constraining its development of AI models, Anthropic is adopting a nonbinding safety framework that it says can and will change.

By Samantha Delouya, CNN (CNN) — Roofers are turning down jobs. Painters are locking themselves inside the homes they’re finishing. Concrete crews have monthslong waiting lists. In the Twin Cities and surrounding suburbs, the Trump administration’s immigration crackdown has slowed home construction to a crawl – at a time when Minnesota, like much of the