Money

By Bryan Mena, CNN Washington (CNN) — Federal prosecutors have opened a criminal investigation into the Federal Reserve’s $2.5 billion renovation of its headquarters in Washington, DC. In an extraordinary video posted by Powell on Sunday night, he called the investigation “pretext” resulting from his ongoing struggle with the administration over interest rates, saying it

By Luciana Lopez, CNN (CNN) — President Donald Trump on Friday called for a one-year, 10% cap on credit card interest rates, saying the American public is being “ripped off” in a Truth Social post. Trump called for the cap to come into effect on January 20, the one-year anniversary of his return to the

CNN By Vanessa Yurkevich, CNN New York (CNN) — The food pyramid is getting turned upside down, with protein and dairy gaining more prominence in the suggested American diet. Sugar and processed foods are getting shunned even more with warning labels. It has whiffs of MAHA, as the new dietary guidelines for Americans promote controversial

By Hadas Gold, CNN (CNN) — Elon Musk’s Grok chatbot has limited some of its Imagine image generation features to paid X subscribers, days after international uproar over the AI tool responded to user requests by “digitally undressing” people, including children. The change appears to have occurred between Thursday and Friday. Grok’s X account responds

By Vanessa Yurkevich, CNN New York (CNN) — The food pyramid is getting turned upside down, with protein and dairy gaining more prominence in the suggested American diet. Sugar and processed foods are getting shunned even more with warning labels. It has whiffs of MAHA, as the new dietary guidelines for Americans promote controversial saturated

By Alicia Wallace, CNN (CNN) — Hiring slowed more than expected in December, a sluggish end to what was one of the weakest years of job growth in decades, a dynamic that further amplified America’s affordability crisis. The US economy added an estimated 50,000 jobs last month, slowing from a downwardly revised 56,000 jobs added

CNN By Alicia Wallace, CNN (CNN) — Hiring slowed more than expected in December, a sluggish end to what was one of the weakest years of job growth in decades, a dynamic that further amplified America’s affordability crisis. The US economy added an estimated 50,000 jobs last month, slowing from a downwardly revised 56,000 jobs

By Ramishah Maruf, Elisabeth Buchwald, CNN (CNN) — President Donald Trump said Thursday he had ordered “my representatives” to buy $200 billion in mortgage bonds in an attempt to drive down interest rates and monthly payments, writing in a Truth Social post. Fannie Mae and Freddie Mac, two government-owned mortgage giants, are now worth “an

By Chris Isidore, CNN (CNN) — General Motors on Thursday said it will lose another $6 billion as a result of its decision to pull back on electric cars. It comes on top of a $1.6 billion charge it disclosed in October for changes to its EV plans. It’s another sign of the significant cost

By Jeanne Sahadi, CNN (CNN) — If you’re hoping to file your 2025 federal income tax return as soon as possible, the first day the IRS will start accepting returns is Monday, January 26, the agency said on Thursday. Not an early bird? No problem. You have until Wednesday, April 15 to file your return

By Brian Stelter, CNN (CNN) — Paramount is not raising its bid for Warner Bros. Discovery above $30 per share — at least not yet. On Thursday, Paramount responded to WBD’s latest rejection letter by repeating its view that shareholders should support its hostile takeover bid. “Paramount’s offer is superior to WBD’s existing agreement with

By Alicia Wallace, CNN (CNN) — Americans are feeling increasingly hopeless about their employment prospects, new survey data showed Thursday. The probability of finding a job hit a record low of 43.1% in December, according to the Federal Reserve Bank of New York’s latest Survey of Consumer Expectations, a closely watched survey that has been

By Hadas Gold, CNN (CNN) — Elon Musk’s AI chatbot, Grok, has been flooded with sexual images of mainly women, many of them real people. Users have prompted the chatbot to to “digitally undress” those people and sometimes place them in suggestive poses. In several cases last week, some appeared to be images of minors, leading

By Clare Duffy, CNN New York (CNN) — Character.AI has agreed to settle multiple lawsuits alleging the artificial intelligence chatbot maker contributed to mental health crises and suicides among young people, including a case brought by Florida mother Megan Garcia. The settlement marks the resolution to some of the first and most high-profile lawsuits related

By Ramishah Maruf, CNN New York (CNN) — Betting big on memestocks could pay off, at least for GameStop CEO Ryan Cohen. But a potentially huge payout hinges on a massive turnaround for the volatile video game retailer. Cohen could receive a pay package worth $35 billion in performance-based stock options, the company’s board announced