Money

By Issy Ronald and Max Foster, CNN London (CNN) — Britain’s King Charles III urged industry leaders to find ways of controlling AI “before it’s too late” on Thursday, calling the pace of development “both intriguing and deeply concerning,” as he opened a summit that he convened. “There seems urgency in adequately considering the existential

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve on Wednesday raised interest rates for the first time in more than three years in a renewed fight against inflation, which has picked up since early in the year due to the war with Iran. Officials voted unanimously to raise their benchmark lending rate by

By Allison Morrow, CNN New York (CNN) — The crypto industry has spent years and millions of dollars lobbying for regulation that would more closely weave digital assets into traditional finance. When President Donald Trump made a heel-turn on crypto in 2024, supporters hoped that he’d finally put an end to their regulatory limbo. That

By John Towfighi, CNN New York (CNN) — The bond market sell-off is raising the stakes for the Federal Reserve’s monetary policy meeting this week and putting a spotlight on the central bank’s commitment to reining in inflation. Traders widely expect the Fed to raise its benchmark interest rate on Wednesday for the first time

By Brian Stelter, CNN (CNN) — There were two big events on television last Wednesday night: President Donald Trump’s speech at the Republican Party’s midterm convention, and the NFL’s 2025-26 season kickoff game between the Seattle Seahawks and the New England Patriots. The NFL game drew more than 25 million viewers. Trump’s speech reached about

By John Towfighi, CNN New York (CNN) — The rise in bond yields reached a critical threshold on Monday, with the 10-year Treasury yield hitting 5%, a level briefly touched in 2023 and otherwise not seen since 2007. The 10-year yield’s rise to multi-year highs could mean higher costs for Americans who want to buy

By Hadas Gold, CNN (CNN) — Anthropic, Google and OpenAI have discussed creating an AI industry standards body, people familiar with the situation told CNN. The conversations preceded the events of the past week, when a former Anthropic researcher resigned, saying the top AI companies were not “behaving responsibly” – and also before Anthropic CEO

By Lisa Eadicicco, CNN (CNN) — Dag Kittlaus and Adam Cheyer, known for creating an assistant that’s now found in billions of Apple devices, have been thinking about what comes after the search engine for a long time. They, along with Tom Gruber, founded a startup in 2007 stemming from a product concept the pair

By Tami Luhby, CNN (CNN) — Winter hasn’t even started yet, but Tommy Cole Jr. is already very worried about how he’ll afford to heat his home when the temperatures drop. The Marine Corps veteran has been closely watching the cost of home heating oil, which has soared recently along with crude oil, diesel fuel

By Chris Isidore, CNN (CNN) — President Donald Trump wants to reverse the decades-long decline in the number of US refineries in operation, which he believes is key to lowering gas prices, and he recently called oil executives to the White House to make that push. “President Trump and his entire energy team will continue

CNN By Auzinea Bacon, CNN (CNN) — The race to develop artificial intelligence is in dire need of a slowdown, Anthropic’s chief executive said in an essay posted early Saturday. “We must slow the pace at which we improve the capabilities of AI models. Progress will still seem fast, and we must make wise use

By Auzinea Bacon, CNN (CNN) — The race to develop artificial intelligence is in dire need of a slowdown, Anthropic’s chief executive said in an essay posted early Saturday. “We must slow the pace at which we improve the capabilities of AI models. Progress will still seem fast, and we must make wise use of

By David Goldman, Matt Egan, CNN (CNN) — The Iran war has lasted far longer than many expected — and so has a functioning oil market. Despite uncomfortably high fuel prices that have cost the average US household nearly $800 since the war started, crude is mostly getting where it needs to go more than

By Anna Cooban, CNN London (CNN) — A narrow waterway located at the mouth of the Red Sea between Yemen and Djibouti has provided an escape hatch for a sizeable chunk of the Middle East’s oil. That lifeline is now looking increasingly shaky. For weeks, Yemen’s Iran-backed Houthi rebels have threatened shipping in the Bab

By Elisabeth Buchwald, CNN (CNN) — Consumer prices rose at a 3.4% annual rate last month, the same pace as July, according to the latest Consumer Price Index from the Bureau of Labor Statistics. That likely strengthens the case for a Federal Reserve rate hike to tame inflation and prevent price increases from becoming more

By Chris Isidore, Matt Egan, CNN (CNN) — The price of diesel, the workhorse fuel that powers the world economy, topped $6 a gallon on Friday for the first time ever. The price point may be invisible to most American drivers, but will likely lead to higher costs for most things consumers buy. The national