Money

By Clare Duffy, CNN New York (CNN) — Tesla will hold a shareholder vote on whether Elon Musk’s carmaker should invest in his artificial intelligence startup xAI, the billionaire said Sunday. “If it was up to me, Tesla would have invested in xAI long ago,” Musk said in a post on his social media platform

By Anna Cooban and James Frater, CNN London (CNN) — The European Union has warned that its trade with the United States could be effectively wiped out if Washington makes good on its threat to slap a 30% tariff on goods imported from the bloc. A tariff of “30%, or anything above 30%… has more

By Issy Ronald, CNN (CNN) — Elmo’s X account was hacked on Sunday, causing the beloved “Sesame Street” character to appear to post expletive-filled antisemitic rants and anti-Trump statements. The posts have since been deleted, but widely circulated screenshots show Elmo apparently calling for violence against Jews and calling for the release of files related

By Auzinea Bacon, CNN (CNN) — With the rising popularity of streaming services and increasing costs of attending a movie — from tickets to refreshments — movie theater attendance has suffered. AMC is trying to change that with 50% ticket discounts on Tuesdays, the most popular moviegoing day, as well as on Wednesdays. AMC CEO

By Samantha Delouya and Elisabeth Buchwald, CNN (CNN) — In the days after Zohran Mamdani won the Democratic primary for mayor of New York City last month, Jay Batra, a real estate broker in the city, felt his business take a hit. Two separate clients working with Batra to buy multimillion dollar properties in Manhattan

By Auzinea Bacon, CNN (CNN) — It was “up, up and away” for James Gunn’s “Superman” reboot, which finished No. 1 at the box office with a $122 million opening weekend. Warner Bros. Pictures’ latest blockbuster beat early estimates of around $90 million for the weekend and surpassed last weekend’s top hit “Jurassic World Rebirth,”

By Natasha Chen and Norma Galeana, CNN (CNN) — If tomato prices jump because of new tariffs on the Mexican-grown produce, restaurant owner Teresa Razo says her businesses could go bust. “I give it three months, and then we go bankrupt,” said Teresa Razo, owner of two Argentine-Italian restaurants in Southern California. A nearly three-decade-old

By Auzinea Bacon, CNN (CNN) — America’s plan to “re-industrialize” technology manufacturing is “exactly the right thing,” said Jensen Huang, CEO of the world’s leading AI chipmaker. In an interview with CNN’s Fareed Zakaria, Huang, who heads the Santa Clara, California-based Nvidia, said the United States should invest in manufacturing and is currently “missing that

By Anna Cooban and James Frater, CNN (CNN) — The European Union will delay the implementation of its trade countermeasures against the United States from Monday until early August to allow more time to negotiate a deal. At a news conference on Sunday, Ursula von der Leyen, president of the European Commission, referenced the letter

CNN By Auzinea Bacon, CNN (CNN) — It was “up, up and away” for James Gunn’s “Superman” reboot, which finished No. 1 at the box office with a $122 million opening weekend. Warner Bros. Pictures’ latest blockbuster beat early estimates of around $90 million for the weekend and surpassed last weekend’s top hit “Jurassic World

By Auzinea Bacon, CNN (CNN) — President Donald Trump on Saturday threatened duties of 30% on products from Mexico and the European Union, two of America’s biggest trading partners, in an ongoing tariff campaign that’s upended global trade since he retook office in January. “The United States of America has agreed to continue working with

By Jeanne Sahadi, CNN (CNN) — A typical 401(k) plan only offers stock and bond funds that invest in publicly traded companies. But private companies — traditionally the domain of institutional and high-net-worth investors — have become a significant part of the overall investing market. Do they belong as an option in workplace retirement plans,

By Auzinea Bacon, CNN (CNN) — The chief executive of the world’s leading chipmaker warned that while artificial intelligence will significantly boost workplace productivity, it could lead to job loss if industries lack innovation. “If the world runs out of ideas, then productivity gains translates to job loss,” said Nvidia CEO Jensen Huang in an

By Brian Stelter, CNN (CNN) — Paramount’s owner-in-waiting, David Ellison, met with journalist entrepreneur Bari Weiss on Friday about a possible tie-up between CBS News and her startup The Free Press. The pair met on the sidelines of an annual gathering of media moguls in Sun Valley, Idaho, according to people with knowledge of the

By Jordan Valinsky, CNN New York (CNN) — Bad Bunny’s two-month residency is expected to be good business for the once-bankrupt Puerto Rico. On Friday, the musician kicks off a 30-date concert run in what’s a normally slow time for tourism on the island. However, the Puerto Rican-born superstar, whose real name is Benito Antonio