Money

By Chris Isidore, CNN (CNN) — Microsoft co-founder Bill Gates argued on Wednesday that artificial intelligence needs significant limits or else the harm to humans will outweigh any potential good. “AI will either be the greatest equalizer ever invented, or the worst source of injustice,” he said in a 6,000-word essay, entitled “The turbulent AI

By Clare Duffy, CNN New York (CNN) — Meta said Wednesday it has agreed to pay about $18 billion as part of a settlement to resolve claims brought by 29 state attorneys general that it intentionally designed addictive platforms that harmed young people’s mental health. The settlement ends a landmark legal battle for the social

By Clare Duffy, CNN New York (CNN) — Many Americans feel growing unease about the proliferation of cameras — in people’s hands, on homes and businesses, in public spaces for police use — that seem to be capturing our every move, sparking backlash, protests and users ditching or destroying devices. Now Ring, one of the

By Alicia Wallace, CNN (CNN) — US consumers reined in their spending in July as inflation remained stubbornly high, new Commerce Department data showed Wednesday. Consumer spending, when adjusted for inflation, was flat from the month prior, a sharp slowdown from a 0.4% gain in June, according to the report. The Personal Consumption Expenditures price

By John Towfighi, CNN New York (CNN) — Never doubt the power of the $30 trillion US Treasury market. It was robust enough to push back on the Treasury Department’s recent intervention while captivating Wall Street. Now investors are wondering whether the bond market’s unease is strong enough to disturb a booming stock market. Bond

By Matt Egan, CNN Iran’s status as an economic outcast is nothing new. It’s been a pariah in the eyes of much of the world for literally decades. Over the years, the United States has slapped Iran with countless sanctions targeting its banking system, shipping companies, oil industry and military. That’s why Operation Economic Outcast,

By Chris Isidore, CNN (CNN) — It’s still August. Temperatures are in the 90s for much of the country. Labor Day, America’s unofficial end of summer, is nearly two weeks away. In many regions of the country school has yet to start. But Starbucks wants you to think fall. On Tuesday, the chain rolled out

By Jordan Valinsky, CNN New York (CNN) — After successfully remaking the Whopper, Burger King is now shifting its focus from patties to poultry. Beginning September 1, new chicken nuggets will arrive on US menus as part of Burger King’s multiyear plan to improve its food and sales using consumer feedback as a guide. So

By Elisabeth Buchwald, CNN (CNN) — On September 8, Canada is set to enact tariffs ranging from 15% to 50% on over 700 American goods in an effort to match US tariffs dollar for dollar, Canadian officials announced on Tuesday. Notably, Canada is doubling its duties on US steel and aluminum to 50%, in line

By Ramishah Maruf, CNN New York (CNN) — US Treasury Secretary Scott Bessent on Monday vowed an “economic D-Day” for countries that buy oil from Iran. Experts say that means one country in particular: China. Bessent didn’t name China on Monday, but he left little room for doubt. “We find that the best way to

By Matt Egan, CNN New York (CNN) — Kelly Klein graduated from college with $100,000 in student loans that she feared would haunt her forever. “I expected I’d never pay off my student debt,” said Klein, who is 31 years old. But flash forward 10 years and Klein is now debt-free, her retirement account is

By Lex Harvey, CNN (CNN) — As a trade war between the United States and Canada looms following the collapse of talks last week, a key issue has emerged that’s further inflamed tensions between the longtime allies: French language laws. Canada is a bilingual country and has laws protecting both of its official languages: English

By Chris Isidore, CNN (CNN) — President Donald Trump’s threat of 50% auto tariffs on all imports from Canada is just the latest action to rattle an industry that’s endured shifting trade rules since he returned to office. Trump issued the auto tariff plans early Monday, just as trade tensions between the two neighbors ratcheted

By Hadas Gold, CNN (CNN) — Alabama’s attorney general on Monday subpoenaed OpenAI for more information related to its AI agents autonomously hacking into another company’s servers in July. The subpoena is part of an investigation into whether OpenAI’s practices “violated Alabama’s consumer protection laws” and pose a risk to Alabama citizens, the attorney general’s

By Brian Stelter, CNN (CNN) — A technical issue across Warner Bros. Discovery’s channels disrupted CNN, HBO and other channels during the noon hour on the East Coast on Monday. CNN viewers saw scrambled screens and pixelated chaos, leading some to search social media for information about the outage. A spokesperson called it a “technical

By Anna Cooban, Brian Stelter, CNN (CNN) — California Attorney General Rob Bonta has canceled a meeting that was scheduled for Monday over Paramount’s planned $110 billion takeover of Warner Bros. Discovery, CNN’s parent company. The parties were due to discuss a potential settlement of the lawsuit that has frozen the media mega-merger in place.

By Chris Isidore, CNN (CNN) — The Los Angeles Lakers, the Super Bowl champion Seattle Seahawks, a chunk of the New York Yankees. Teams are turning over at a rapid pace, driving valuations to stratospheric heights. One reason for the sales boom you might expect: There are an ever-increasing number of billionaires with the resources

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump threatened to double tariffs on Canadian cars on Monday, the latest sign that the United States and Canada are barreling toward a deeper trade war after last-ditch efforts to strike a deal collapsed Friday. The failed efforts resulted in President Donald Trump enacting 50% tariffs on

By John Towfighi, CNN (CNN) — The US national debt has topped a record $40 trillion. It’s a grim milestone in the history of the nation’s fiscal health. America’s debt burden is rising faster than estimates just a few years ago, exacerbated by persistent deficits and soaring interest payments. And the national debt keeps rising,