Money

By Hadas Gold, CNN (CNN) — OpenAI is accusing a former employee of stealing intellectual property related to an unreleased device and later sharing some of the information with Apple. The employee, OpenAI alleges, had previously worked at Apple, then joined OpenAI for six months, before going back to Apple, according to a court filing

By John Towfighi, CNN New York (CNN) — High-flying technology stocks are taking a bruising this week, as investors grow more skeptical about whether the AI boom will live up to expectations. Stocks dropped on Wednesday, led by declines in the tech sector, after a hotter-than-expected inflation report bolstered bets that the Federal Reserve will

By Alicia Wallace, CNN (CNN) — It’s not just gas. It’s the car repair, the doctor’s visit, the plane ticket, the computer upgrade, the new clothes. Inflation rose faster than expected last month, and more broadly than expected, with price pressures extending well beyond the pump, new Bureau of Labor Statistics data showed Wednesday. The

By Hanna Ziady, CNN London (CNN) — Europe has been conspicuously absent from high-level talks about how to use artificial intelligence safely, despite crafting the world’s first comprehensive set of rules to govern the technology. The irony underscores how far Europe has fallen behind the United States and China in the AI race. Although Europe

By Hadas Gold, CNN (CNN) — OpenAI discovered a “sophisticated recording device” in one of its offices planted by an employee who has been arrested, the company said Tuesday. The employee, who has since been dismissed by the company, is a Saudi national and has been identified by the US Department of Justice as 35-year-old

By Samantha Delouya and Richard Quest, CNN (CNN) — The US Treasury Department on Tuesday announced it was imposing a more than $1.2 billion fine on Bank of America, accusing the bank of violating anti-money laundering and sanctions laws. The bank, which is the second-largest in the US, failed to mitigate and report “priority national

By Matt Egan, CNN New York (CNN) — The deeply unpopular war in the Middle East continues to deliver economic shockwaves through Main Street America. From $4 gas and 7% mortgage rates to surging airfares, the Iran war is significantly raising the cost of living for inflation-weary consumers ahead of the midterm elections. The conflict

By Chris Isidore, Matt Egan, CNN (CNN) — Six Flags shares sank sharply Tuesday to their lowest level since 2009 after a rollercoaster rider tragically fell to his death at a Georgia park. But the company was under legal and financial pressure long before this week’s deadly incident. At roughly $10 per share, Six Flags

By Clare Duffy, CNN New York (CNN) — Artificial intelligence chat startup Character.ai— which has faced a wave of claims that its app contributed to mental health issues and suicides among teens — has filed for Chapter 11 bankruptcy. Character.ai lets users message with a range of chatbots, often modeled after celebrities and fictional characters,

By Lisa Eadicicco, CNN (CNN) — Apple on Tuesday announced the HomeView, its biggest push into the smart home market in nearly a decade. The new device gives Apple’s revamped version of Siri a presence in consumers’ homes, making it a critical piece of Apple’s AI strategy. The HomeView has a 7-inch screen connected to

By Lisa Eadicicco, CNN (CNN) — It wasn’t your typical concert experience. I watched Billie Eilish from a perspective that felt like I wasn’t in the audience or behind the scenes, but somewhere in between: hovering near the stage alongside the singer as she grasped a fan’s hand in the front row. This is what

By Tami Luhby, CNN (CNN) — When Stephanie Zebrowski retired and started collecting Social Security in 2018, she was able to get by on her monthly payment with a little left over before the next one arrived. That’s no longer the case. Zebrowski, who worked as a financial editor at a brokerage firm, now finds

By Hanna Ziady, CNN American professors Robert E. Hall and Michael Woodford have won the 2026 Nobel prize in economics for developing new economic models that help governments and central banks stabilize their economies to minimize the impact of external shocks. The Royal Swedish Academy of Sciences awarded the prize in Stockholm on Monday. “The

By Elisabeth Buchwald, CNN (CNN) — Four years ago, with inflation at multi-decade highs, then-Federal Reserve Chair Jerome Powell delivered a blunt message to Americans: Getting inflation under control would come at a cost. The Fed needed to act “forcefully,” Powell told attendees at a key central banker conference that August. Doing so, he cautioned,

By Chris Isidore, CNN (CNN) — Chances are the last time you listened to a traditional radio was in a car. Maybe you tuned in to a ballgame, a local news report, or a weather or traffic update. Maybe there’s even a talk or music station you’ve listened to for years, if not decades. In

By Jordan Valinsky, CNN New York (CNN) — At a darkly lit event in a Manhattan warehouse this week, actress Florence Pugh, Knicks player Karl-Anthony Towns as well as throngs of influencers all gawked at the Jaguar Type 01, the British automaker’s first new model in nearly a decade. A sizzle reel showed the $130,000