Money

By David Goldman, CNN (CNN) — Vishal Garg feels duped. “He hoodwinked me,” the just-ousted Better Home & Finance CEO said about Daniel Lewis, the man who replaced him last week. “He said he liked the company’s strategy. He praised us on X and used that to get on our board and win our confidences.”

By Bryan Mena, CNN Washington (CNN) — Americans pulled back on their retail spending in July and their confidence in the economy is taking a hit. That’s a potentially troubling combination for a consumer-driven economy. Retail sales fell 0.6% in July from the prior month, the Commerce Department said Friday, down from June’s 0.2% and

By Ramishah Maruf, CNN New York (CNN) — Several investors in Selena Gomez’s mental health startup Wondermind sued the popstar Thursday, claiming they were misled about the startup’s success and her involvement in it. Wondermind launched in 2021, with Gomez listed as co-founder, “chief impact officer,” and head of marketing, according to the suit. The

By Clare Duffy, CNN New York (CNN) — Law enforcement technology company Flock introduced new safety controls on Thursday, hoping to curb growing scrutiny and fears around surveillance and police misuse of its tools. Flock’s nationwide network of automated license plate readers (ALPR) cameras —mounted along public roads — take images of passing vehicles’ plates,

By Alicia Wallace, CNN (CNN) — Businesses’ costs aren’t rising as fast as they have been in recent months, an indication that price hikes could slow for consumers in the months ahead. The Producer Price Index, which tracks prices changes for producers and manufacturers, increased 4.7% in the 12 months that ended in July. That

CNN By Avni Trivedi, Karina Tsui, CNN (CNN) — A winning ticket for Wednesday night’s $1.04 billion Powerball drawing was sold in Illinois, marking the largest grand prize since last year, according to the lottery. The winning numbers were 4, 26, 66, 67, 69, and red Powerball 9, with a Power Play multiplier of 2.

By Natasha Chen, CNN Los Angeles (CNN) — Influencers have been flooding social media this summer with videos of short wait times at Disney parks. In June, one content creator recorded a relatively empty Disneyland while noting the absent daytime crowd. “It’s the middle of summer, the weather is perfect and the park is not

By Matt Egan, CNN New York (CNN) — Artificial intelligence is a game-changing technology that’s already transforming how the world lives and works. Yet AI can also fuel a market meltdown, a recession – or both. Timing is everything. Money is pouring into AI so rapidly that it’s outpacing the ability to turn a profit.

By John Liu, CNN (CNN) — Hackers deployed an AI system to carry out sophisticated cyberattacks on Taiwan, officials said, in what experts believe is the first known fully autonomous attack on government agencies. Over four days in July, the AI agents were able to map 21 government systems, crack 85 government user accounts, and

By Jordan Valinsky, Ramishah Maruf, CNN New York (CNN) — Josh Kushner doesn’t give many interviews or make public appearances often, but he’s keen on making headlines. Kushner, the brother of President Donald Trump’s son-in-law Jared, announced that he was teaming up with former Disney CEO Bob Iger to buy the Los Angeles Lakers for

By David Goldman, CNN (CNN) — President Donald Trump’s expensive subscription for instant access to his Truth Social posts is unconstitutional, according to a federal lawsuit filed Wednesday. The Intercept and the Freedom of the Press Foundation jointly sued Trump and his White House social media team for restricting their access to the president’s posts

By Chris Isidore, Matt Egan, CNN (CNN) — In a stunning twist, former Disney CEO Bob Iger and venture capitalist Josh Kushner are buying one of the greatest trophy assets in US sports: The Los Angeles Lakers. Iger and Kushner, the brother of President Donald Trump’s son-in-law Jared Kushner, are shelling out a record-breaking $12.5

By Brian Stelter, CNN (CNN) — As Paramount pushes to settle the state antitrust lawsuit that has stymied its deal to buy Warner Bros. Discovery, Democratic lawmakers continue to rally opposition to the deal. On Wednesday, Rep. Jamie Raskin, the top Democrat on the House Judiciary Committee, sent a new letter to Paramount CEO David

By Alicia Wallace, CNN (CNN) — Annual inflation slowed for the second month in a row, cooling to 3.4% in July as prices at the pump and the grocery store delivered less of a bite, according to new data released Wednesday by the Bureau of Labor Statistics. The latest Consumer Price Index showed that prices

By Jordan Valinsky, CNN New York (CNN) — For the first time in a while, Burger King is living up to its name. A revamped Whopper helped the chain post an 8.5% increase in US same-store sales last quarter, outpacing McDonald’s by the largest margin in more than a decade. Burger King also surpassed Wendy’s

By Avni Trivedi, Karina Tsui, CNN (CNN) — A winning ticket for Wednesday night’s $1.04 billion Powerball drawing was sold in Illinois, marking the largest grand prize since last year, according to the lottery. The winning numbers were 4, 26, 66, 67, 69, and red Powerball 9, with a Power Play multiplier of 2. The

By Alicia Wallace, CNN (CNN) — More Americans are falling even further behind on their home and car loans than at any time in the past decade, new data from the Federal Reserve Bank of New York showed Tuesday. A greater share of people went at least 30 days late on their mortgage payments in