Money

By Brian Stelter, Liam Reilly, CNN (CNN) — The pending merger between Paramount Global and Skydance Media was formally approved by the Trump administration on Thursday, concluding months of regulatory uncertainty. FCC commissioners voted 2-1 along party lines to give the $8 billion deal a green light. The approval means that Skydance CEO David Ellison

By Clare Duffy, Lisa Eadicicco, CNN New York (CNN) — Intel said Thursday it has mostly completed plans it announced last quarter to cut 15% of its workforce, as the struggling chipmaker attempts a turnaround. The layoffs, tucked in Intel’s second quarter earnings report, marked one of the first major decisions by new CEO Lip-Bu

By Chris Isidore, CNN (CNN) — Elon Musk’s big promises apparently no longer seem to be enough for many Tesla investors. Shares of Tesla (TSLA) fell 9% on Thursday following another dismal earnings report, released after the bell Wednesday. Tesla’s earnings and revenue both fell by double-digit percentages following the biggest sales drop in the

By Tami Luhby, CNN (CNN) — UnitedHealth Group confirmed Thursday that its Medicare program is under investigation by the US Department of Justice and that it is working with the agency. The health insurer, which has been in upheaval since the murder of one of its top executives late last year, said in a statement

By Lisa Eadicicco, CNN (CNN) — Uber is piloting a new option for its US app that will allow female passengers to request women drivers, coming after the company has long grappled with preventing sexual assault on its platform. The feature, called Women Preferences, will launch in a pilot stage in Los Angeles, San Francisco

By Brian Stelter, CNN (CNN) — CBS News is not hiring an outsider to helm “60 Minutes” as the program’s correspondents feared might happen. Instead, the coveted executive producer job is going to Tanya Simon, a 25-year veteran of the newsmagazine, which has faced intense political pressure from President Trump for nearly a year. Simon

By Vanessa Yurkevich, CNN New York (CNN) — Back-to-school shopping is already under way. And this year’s essential: avoiding tariffs. Two-thirds of Americans with school-aged children started shopping for the upcoming school year in July, the earliest on record, according to a new survey from the National Retail Federation. Families, concerned that President Donald Trump’s

WTVD By Vanessa Yurkevich, CNN New York (CNN) — Back-to-school shopping is already under way. And this year’s essential: avoiding tariffs. Two-thirds of Americans with school-aged children started shopping for the upcoming school year in July, the earliest on record, according to a new survey from the National Retail Federation. Families, concerned that President Donald

By Lisa Eadicicco, CNN (CNN) — President Donald Trump wants to make the United States a leader in artificial intelligence – and that means scrubbing AI models of what he believes are “woke” ideals. The president on Wednesday said he signed an executive order prohibiting the federal government from procuring AI technology that has “been

By David Goldman, CNN (CNN) — “It’s ultimately up to the president to decide.” That’s more or less the go-to line for Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and a host of other top Trump aides and White House officials when they share the administration’s plans for tariffs and trade negotiations. With the

By Tami Luhby, CNN (CNN) — Starbucks’ coffee isn’t the only thing at the company that’s amped up. Its CEO, Brian Niccol, made a whopping 6,666 times more than the company’s typical employee last year, according to the AFL-CIO’s annual Executive Paywatch report, released Wednesday. It was the widest pay gap by far between the

By Chris Isidore, CNN (CNN) — The trade group representing the traditional Big Three US automakers is objecting to the US agreement with Japan, saying it would be unfair to American automakers and parts suppliers. The trade agreement announced Tuesday by the Trump administration would place 15% tariffs on imports from Japan, including autos and

By Lisa Eadicicco and Clare Duffy, CNN New York (CNN) — The Trump administration on Wednesday unveiled its AI action plan, a package of initiatives and policy recommendations meant to cement the United States as a global leader in a technology that’s expected to be as influential as the internet itself. The White House largely

By Jeanne Sahadi, CNN (CNN) — In comments to the press on Tuesday, President Donald Trump suggested he is considering eliminating capital gains taxes on the sale of homes. “We are thinking about … no tax on capital gains on houses,” Trump said. Soon afterwards, Rep. Marjorie Taylor Greene of Georgia posted her thanks to

By John Towfighi, CNN New York (CNN) — Six months into President Donald Trump’s second term, a quick glance at the stock market might offer a reassuring picture: The S&P 500 just closed above 6,300 points for the first time ever and has notched eight record highs in the past month. If you look at

By Chris Isidore, CNN (CNN) — Tesla’s troubles continued Wednesday as the company reported a double-digit drop in adjusted earnings for the second quarter, a fall that followed a record sales drop in the same period. The company’s adjusted net income, the measure most closely followed on Wall Street, fell $419 million from one year

CNN, POOL, @REALDONALDTRUMP , TRUTH SOCIAL, CBC, @realDonaldTrump / Truth Social By Kit Maher and Elisabeth Buchwald, CNN (CNN) — President Donald Trump announced a long-awaited trade agreement with Japan on Tuesday night, a framework between allies and major trading partners that appeared elusive just weeks ago. “I just signed the largest trade deal in