Money

By Chris Isidore, CNN (CNN) — Elon Musk, already the world’s richest person, could become the first trillionaire after the Tesla board unveiled a massive new pay package for its CEO to keep his focus on the troubled EV maker. The package would grant him additional shares of Tesla stock if the company is able

By Chris Isidore, CNN (CNN) — The Powerball lottery’s advertised jackpot is up to a massive $1.7 billion, thanks in large part to high ticket sales and the lack of a winner since late May. But there’s another reason you might not expect: high interest rates. But to explain why high interest rates are a

By Alicia Wallace, CNN (CNN) — The US job market is stalling out. Job growth slowed to a crawl in August, and the unemployment rate rose to its highest level in nearly four years, indicating the US labor market is growing stagnant. The economy added just 22,000 jobs last month and the unemployment rate rose

CNN By Hadas Gold, CNN New York (CNN) — James, a married father from upstate New York, has always been interested in AI. He works in the technology field and has used ChatGPT since its release for recommendations, “second guessing your doctor” and the like. But sometime in May, his relationship with the technology shifted.

By Hadas Gold, CNN (CNN) — Billionaire and onetime top White House advisor Elon Musk said he was invited to a tech leader summit at the White House’s newly renovated Rose Garden on Thursday, but will not be attending. “I was invited, but unfortunately could not attend. A representative of mine will be there,” Musk

By Bryan Mena, CNN Washington (CNN) — Stephen Miran, the White House economist President Donald Trump nominated to the Federal Reserve’s top ranks, just got an earful about the importance of the central bank’s independence — just as the Trump administration actively defends removing Fed Governor Lisa Cook from her post. The Senate Banking Committee

By Lianne Kolirin, CNN (CNN) — Harrods, the high-end London department store, has applied to local authorities for permission to remove sculptures of disgraced former owner Mohamed Al Fayed from its interior. The renowned business, which started life as a grocery store in 1849, has submitted detailed plans to overhaul its Egyptian-themed hall and a

By Bryan Mena, CNN Washington (CNN) — President Donald Trump’s ambition to revamp the Federal Reserve could get a significant boost at a confirmation hearing Thursday. The future of the world’s most powerful central bank and the direction of the US economy stand in the balance. At 10 a.m., the Senate Banking Committee will hold

By Tami Luhby, CNN (CNN) — Brace yourselves, workers. Your health insurance at the job could cost you a lot more in 2026. Although overall inflation is more muted than a few years ago, employers are preparing for the steepest increase in health benefit costs in 15 years, according to Mercer’s National Survey of Employer-Sponsored

By Ramishah Maruf, CNN New York (CNN) — American Eagle stock surged 25% after its earnings report Wednesday, with its CEO thanking the controversial Sydney Sweeney “Good Jeans” ad campaign for boosting brand awareness and profit. “The fall season is off to a positive start. Fueled by stronger product offerings and the success of recent

By Allison Morrow, CNN New York (CNN) — Here we are, at the tail end of a strong-despite-tariffs corporate earnings season, staring down a bumpy road through the second half of the year, when out of nowhere comes a flash of… what’s the word… hope? Well, not hope, but at least a reassurance that real-world

By Liam Reilly, CNN (CNN) — Christopher Ruddy’s pro-Trump channel Newsmax on Wednesday filed an antitrust lawsuit against Fox News, accusing the Rupert Murdoch-owned broadcaster of illegally blocking competition in the right-wing pay-TV market. The lawsuit, filed in the US District Court for the Southern District of Florida against the Fox News Network and its

By Chris Isidore, Nathaniel Meyersohn, CNN (CNN) — Powerball’s advertised $1.4 billion jackpot for Wednesday’s drawing would be the sixth-largest prize in American lotto history. Expect more big paydays like this: Lottery prizes are predicted to soar even higher. The next Powerball winner (or winners) will be the 13th to claim a US lottery prize