Money

By Stephanie Yang, CNN (CNN) — Jeffrey Cesari grew up eating ube, a purple yam native to the Philippines, whenever he visited his relatives there. But seven months ago, when he encountered it in a latte at a Turkish cafe, it suddenly sparked a business idea. The 31-year-old former auditor thought if people in Istanbul

By Brian Stelter, CNN (CNN) — In the immediate aftermath of last week’s shooting outside the White House Correspondents’ Dinner, there was widespread skepticism about rescheduling it anytime soon. But attitudes have shifted in recent days, and the consensus is now that the dinner — which doubles as an awards ceremony and fundraiser — should

WBZ, CNN By Chris Isidore, CNN (CNN) — Spirit Airlines, the pioneering discount airline that shook up the budget travel business, is shutting down its operations. The company is in its second bankruptcy and was in serious financial trouble well before the Iran war sent jet fuel prices surging. America’s eighth-largest carrier tried to reach

By Auzinea Bacon, CNN (CNN) — Berkshire Hathaway (BRK.B) on Saturday reported $11.35 billion in operating earnings and a record cash pile in the first quarter under CEO Greg Abel, the successor to famed investor Warren Buffett. Berkshire Hathaway’s massive cash pile rose to more than $397 billion in the first quarter, up from the

By Chris Isidore, CNN (CNN) — Spirit Airlines, the pioneering discount airline that shook up the budget travel business, is shutting down its operations. The company is in its second bankruptcy and was in serious financial trouble well before the Iran war sent jet fuel prices surging. America’s eighth-largest carrier tried to reach a deal

By Bryan Mena, CNN Washington (CNN) — One word in the Federal Reserve’s lengthy policy statement released this week is causing consternation among its officials, some of whom are warning that it could end up costing the US economy. That word is “additional.” Since the early 2000s, the Fed has signaled if interest rates could

By Jordan Valinsky, CNN New York (CNN) — The Department of Defense announced Friday an agreement with seven major technology companies to use their artificial intelligence tools in its classified networks. Not included: Anthropic, which the Trump administration has blacklisted over Anthropic’s insistence that the Pentagon include certain safety guardrails for the government’s use of

By Chris Isidore, CNN (CNN) — ExxonMobil and Chevron, America’s two largest oil companies, both reported a sharp drop in profit for the first three months of this year. But much bigger profits likely lay ahead because of rising oil prices during the war with Iran. Oil and gas prices rose in the runup to

By John Towfighi, CNN New York (CNN) — Markets just had a month of seemingly contradictory results. The S&P 500 just had its best month in nearly six years, even though oil prices have surged back above $100 per barrel and bond yields have climbed. Stocks are forward looking and trying to see past the

By Lisa Eadicicco, CNN (CNN) — Apple CEO Tim Cook is used to being asked about the company’s product strategy, tariffs and AI. But on Thursday’s earnings call, one analyst wanted to know: What advice would he give to his successor? Apple on Thursday reported second-quarter earnings and what Cook said was the company’s “best

By Jeanne Sahadi, CNN (CNN) — President Donald Trump signed an executive order Thursday that put some meat on the bones of a retirement savings proposal he introduced in his State of the Union address in February. The proposal is intended to help close the so-called retirement coverage gap, which has left behind more than

By Samantha Delouya, Hadas Gold, Ramishah Maruf, CNN Oakland, Calif. (CNN) — Elon Musk spent the better part of three days on the stand, accusing OpenAI and its executives of deceiving him into donating money to help found what is now one of the world’s biggest AI companies. The lawsuit pits Musk against his former

By Brian Stelter, CNN (CNN) — President Donald Trump says ABC had “better” fire Jimmy Kimmel soon, in his latest broadside against the network and its popular late-night comedian. Trump posted to Truth Social on Thursday morning, “When is ABC Fake News Network firing seriously unfunny Jimmy Kimmel, who incompetently presides over one of the

By Alicia Wallace, CNN (CNN) — Fast-rising gas prices lifted the Federal Reserve’s preferred inflation gauge to 3.5% in March, its highest rate in almost three years, new data showed Thursday. The Personal Consumption Expenditures price index rose 0.7% from February, a faster-than-expected acceleration from the previous monthly pace of 0.4%, the Commerce Department reported

By Bryan Mena, CNN Washington (CNN) — The US economy picked up steam in the beginning of the year as the United States and Israel launched a destabilizing war with Iran that has jacked up prices and is still ongoing. Gross domestic product, which measures all the goods and services produced in the economy, registered

By Elisabeth Buchwald, CNN (CNN) — After eight years spanning three administrations, 66 interest-rate-setting meetings, a pandemic, a criminal probe and countless attacks from the Trump administration, Jerome Powell capped his final policy meeting as chair of the Federal Reserve on Wednesday. But he’s not going far: While Powell’s term as chair ends on May