Money

By Chris Isidore, CNN (CNN) — Spirit Airlines, which had been in danger of going out of business due to ongoing losses and two bankruptcy filings, has reached a deal that will allow it to survive, albeit as a smaller company. The budget airline announced Tuesday that it made an agreement with creditors that will

By Matt Egan, CNN New York (CNN) — Former US Senator Bob Kerrey has resigned from the board of directors of a Nebraska clean-energy startup amid controversy over his ties to convicted sex offender Jeffrey Epstein. Kerrey, a Democrat who also served as Nebraska’s governor in the 1980s, joins a growing list of business leaders

By Hadas Gold, CNN (CNN) — Defense Secretary Pete Hegseth gave Anthropic CEO Dario Amodei a Friday deadline to comply with demands to peel back safeguards on its AI model or risk losing a Pentagon contract. He also threatened to put the AI company on what could amount to a government blacklist. At issue is

By Hadas Gold, CNN New York (CNN) — Just weeks after its new AI tools for the office shook software stocks, Anthropic is pushing even deeper into the workplace. The company is updating its Claude AI helper to perform better at tasks for specific jobs, such as design, human resources and wealth management roles, while

By Chris Isidore, CNN (CNN) — JPMorgan Chase CEO Jamie Dimon warned Monday that current financial conditions and banks doing “dumb things” like taking on risky loans could lead to a market meltdown similar to the one before the 2008 financial crisis. “There will be a cycle one day,” he said, “I don’t know what

By Jeanne Sahadi, CNN (CNN) — The surge of federal immigration agents in Minnesota over the past few months left many people not only traumatized but financially hard up. People lost income because they were too afraid to go to work or their breadwinner was taken by agents of US Immigration and Customs Enforcement or

By Ramishah Maruf, Liam Reilly, CNN New York (CNN) — Celebrity doctor Peter Attia has resigned from his new contributor position at CBS News following new revelations about his relationship with Jeffrey Epstein. “Dr. Attia’s contributor role was newly established and had not yet meaningfully begun,” a spokesperson for Attia said in a statement. “As

By Clare Duffy, CNN New York (CNN) — Meta executives testified in a Los Angeles courtroom earlier this month that while use of the company’s platforms could become problematic, it couldn’t be considered addiction. But inside the company, researchers have sought to study whether certain Facebook features could contribute to “addiction” or “addictive’-like” behaviors among

By John Towfighi, CNN New York (CNN) — Stocks fell, gold moved higher and volatility picked up Monday as uncertainty about President Donald Trump’s new proposed tariffs and nerves about artificial intelligence weighed on Wall Street. The Dow closed lower by 823 points, or 1.66%, and posted its worst day in one month. The broader

By Auzinea Bacon, CNN (CNN) — President Donald Trump said on Saturday that he will increase the global tariffs he imposed a day earlier to 15% from 10% following an adverse ruling at the Supreme Court. The court on Friday ruled that Trump exceeded his authority with the way he imposed tariffs on trading partners

By Matt Egan, CNN (CNN) — Jeffrey Epstein is once again haunting one of the most powerful firms on Wall Street: Apollo Global Management. Five years after the Epstein scandal forced billionaire Leon Black to step down as Apollo’s CEO, the recent release of millions of documents related to Epstein show Black’s replacement, current CEO

By Matt Egan, David Goldman, CNN (CNN) — Now that the Supreme Court has taken away a significant chunk of President Donald Trump’s tariff-wielding authority, what does that mean for your prices? “Nothing,” said Stephanie Roth, chief economist at Wolfe Research. That’s because Trump has other tariff levers to pull. The Supreme Court noted other

By Jordan Valinsky, CNN New York (CNN) — Attention, Topo Chico fans: Brace yourself for a possible shortage that could stretch into the summer. Coca-Cola, which owns the carbonated mineral water brand, said the flagship product sold in glass bottles is “temporarily unavailable” in the United States because of “facility upgrades at the water source

By Elisabeth Buchwald, CNN (CNN) — The battle is just starting for the 300,000 businesses that want $134 billion in tariffs refunded. As it turns out, convincing six Supreme Court justices that President Donald Trump overstepped his authority in imposing sweeping tariffs relying on emergency economic powers was the easy part. The hard part: Getting