Money

By Brian Stelter, CNN (CNN) — Representatives for Paramount and the parties suing to block its takeover of Warner Bros. Discovery (WBD) are set to meet next week for talks that could lead to a settlement. The two sides apparently remain far apart, however, and the plaintiffs may prefer to take their arguments to court

CNN By Elisabeth Buchwald, Auzinea Bacon, CNN (CNN) — Canadian Prime Minister Mark Carney on Saturday vowed “dollar-for-dollar” tariffs in response to the United States’ 50% tariffs on $20 billion in Canadian goods after the two sides failed to reach a trade deal. Carney’s tit-for-tat measures, set to take effect on September 8, will include

By Chris Isidore, Alicia Wallace, Elisabeth Buchwald, CNN (CNN) — Tariff refunds were a windfall for US businesses in their most recent quarter. But for American consumers, not so much. Companies’ recent financial disclosures showed hundreds of millions, if not billions, in government payouts starting in May after the Supreme Court ruled that the Trump

CNN By Elisabeth Buchwald, Auzinea Bacon, CNN (CNN) — Canadian Prime Minister Mark Carney on Saturday vowed “dollar-for-dollar” tariffs in response to the United States’ 50% tariffs on $20 billion in Canadian goods after the two sides failed to reach a trade deal. Carney’s tit-for-tat measures, set to take effect on September 8, will include

By Elisabeth Buchwald, Auzinea Bacon, CNN (CNN) — Canadian Prime Minister Mark Carney on Saturday vowed “dollar-for-dollar” tariffs in response to the United States’ 50% tariffs on $20 billion in Canadian goods after the two sides failed to reach a trade deal. Carney’s tit-for-tat measures, set to take effect on September 8, will include tariffs

CNN By Brian Stelter, Haley Britzky, CNN (CNN) — In a blow to press freedoms within the US military, the Pentagon has forced out several top staffers at Stars and Stripes, the military publication with a long record of editorial independence. Journalism advocacy groups decried the firings and criticized Defense Secretary Pete Hegseth for trying

By Ramishah Maruf, CNN New York (CNN) — TikTok and its parent company, ByteDance, reached a $400 million settlement with the US Justice Department over children’s privacy litigation on Friday, one of the largest amounts yet for a case of this kind. The Justice Department first sued TikTok in 2024, claiming the app failed to

By Brian Stelter, Haley Britzky, CNN (CNN) — In a blow to press freedoms within the US military, the Pentagon has forced out several top staffers at Stars and Stripes, the military publication with a long record of editorial independence. Journalism advocacy groups decried the firings and criticized Defense Secretary Pete Hegseth for trying to

By Allison Morrow, CNN New York (CNN) — It was a tough week for the bond market. And the US government’s attempt to help offered only temporary relief. A global rate spike in long-dated government bonds pushed yields to multi-year highs this week, driving up borrowing costs for governments, businesses and consumers. The yield surge

By Alicia Wallace, David Goldman, CNN (CNN) — Tech investor Marc Stad is acquiring a controlling interest in the NBA’s Minnesota Timberwolves and the WNBA’s Minnesota Lynx in a deal valued at $4.5 billion, sources close to the agreement told CNN on Friday. It marks the second multibillion-dollar sale of a professional basketball organization this

CNN By Issy Ronald, Lauren Said-Moorhouse, CNN London (CNN) — Prince Harry and six other high-profile figures will have to make an initial payment of £9.5 million ($13 million) toward the legal costs of a British tabloid publisher after losing a high-stakes case against them last month, a UK High Court judge ruled Friday. The

By Chris Isidore, CNN (CNN) — Higher gas prices cut into Americans’ overall spending, leading to the slowest sales growth at Walmart’s US stores since the earliest months of the pandemic. The nation’s largest retailer earned $6.4 billion in net income in the three months ending July 31, thanks to strong online spending and a

By John Towfighi, CNN New York (CNN) — The Treasury Department made a surprise move Wednesday after bond yields hit their highest levels in almost two decades, doubling its planned purchases of longer-term bonds and easing pressure on the market. Bonds rallied, driving yields lower, after the announcement, providing some relief after a sell-off earlier

By Jordan Valinsky, CNN New York (CNN) — Columbia House, a pioneer of subscription music before streaming, is shutting down after seven decades in business. A widely reported statement appeared on its website saying the company is closing on September 15 has been removed, but a customer service representative confirmed to CNN by phone that

By Nathaniel Meyersohn, CNN New York (CNN) — Conventional wisdom says that American consumers are struggling and they’re hunting for the lowest prices to save money. But the K-shaped economy is narrowing, and a growing number of Americans have moved up the income ladder. They actually have more money to spend and are being choosy

By Matt Egan, CNN New York (CNN) — Oil prices are once again uncomfortably high, but the bigger problem is lurking just beneath the surface. What initially began as an oil supply shock caused by the Strait of Hormuz blockage is morphing into a fuel supply crisis. Refineries face a perfect combination of war and