Money

By Bryan Mena, CNN Washington (CNN) — Consumer sentiment may finally be recovering after falling to historic lows due to wartime price spikes. The University of Michigan’s latest survey of Americans, released Friday, showed that sentiment rose 9% to a preliminary reading of 48.9 early this month, the first increase since February, before the United

By David Goldman, CNN (CNN) — Cushing, Oklahoma, dubs itself the pipeline crossroads of the world. The tagline is emblazoned on a giant roadside sign fashioned out of pipes on the corner of Main Street and South Stiles Road. It has a valve and everything. But it’s not just a slogan. In 1912, Tom Slick

By Bryan Mena, CNN Washington (CNN) — Inflation hit its highest level in three years last month, according to fresh data released this week — but new Federal Reserve Chair Kevin Warsh wants the central bank to focus on different measures. “The measures I prefer are looking at things that are called trimmed averages,” he

By Alicia Wallace, CNN (CNN) — US consumers are facing the fastest price inflation they’ve seen in three years. It likely hasn’t yet peaked. New data Thursday showed that input costs for American businesses are still rising quite rapidly as the Iran war’s oil shock continues to ripple through the economy. The Producer Price Index,

By Clare Duffy, CNN New York (CNN) — Spotify has removed tens of thousands of phony podcasts promoting illegal online pharmacies, a new investigation has found, after reports from CNN and other news outlets exposed the issue last year. Last May, Spotify said it had removed dozens of podcasts identified by CNN that blatantly promoted

By Brian Stelter, CNN (CNN) — Top CNN journalists vowed to uphold founder Ted Turner’s legacy at a Warner Bros. Discovery event honoring the maverick businessman on Wednesday. The Atlanta gathering of executives, employees and alumni was organized after Turner died last month at the age of 87. Speakers from TNT Sports, Turner Classic Movies

CNN By Brian Stelter, CNN (CNN) — Top CNN journalists vowed to uphold founder Ted Turner’s legacy at a Warner Bros. Discovery event honoring the maverick businessman on Wednesday. The Atlanta gathering of executives, employees and alumni was organized after Turner died last month at the age of 87. Speakers from TNT Sports, Turner Classic

By Marshall Cohen, CNN (CNN) — The Trump administration on Wednesday proposed a set of new federal regulations for prediction markets that appear to largely leave the booming industry intact. Importantly, the new rules would continue to allow most sports-related markets. A large majority of trades on prediction sites like Kalshi and Polymarket comes from

By Samantha Delouya, CNN (CNN) — For years, many first-time buyers saw fixer-uppers as one of the few affordable ways into homeownership: buy a cheaper house, renovate it over time, and build equity along the way. But recently, that calculation has become more complicated. Renovation costs have climbed as inflation, tariffs and construction labor shortages

By Alicia Wallace, CNN (CNN) — Annual inflation rose to a three-year-high of 4.2% in May, underscoring how elevated energy prices are rippling through the US economy, according to new data from the Bureau of Labor Statistics. Prices rose 0.5% on a monthly basis, driven higher by the US-Israeli war with Iran, the latest Consumer

By John Towfighi, CNN New York (CNN) — Stocks swung in volatile trading Tuesday as investors sold AI-related names, rotated into other sectors and took profits after a strong rally in recent months. The tech-heavy Nasdaq Composite opened higher before dropping more than 3.6% in a rapid reversal during trading. But investors stepped in to

By John Towfighi, CNN (CNN) — Since hitting a record high of $126,000 last fall, bitcoin has dropped to just above $60,000 amid waves of selling. That has erased more than $1.2 trillion in market cap in eight months and wiped out all gains across President Donald Trump’s second term. On Friday, bitcoin touched its

By Ramishah Maruf, CNN New York (CNN) — The screwworm, a flesh-eating parasite and longtime foe of American ranchers, is back in US cattle after decades. The US Department of Agriculture confirmed at least three infected cattle Texas this week. The beef industry has already been grappling with the smallest cattle herd in 75 years

KEYE, TEXAS FARM BUREAU, USDA, CNN By Ramishah Maruf, CNN New York (CNN) — The screwworm, a flesh-eating parasite and longtime foe of American ranchers, is back in US cattle after decades. The US Department of Agriculture confirmed at least three infected cattle Texas this week. The beef industry has already been grappling with the

By Matt Egan, CNN New York (CNN) — One of the biggest mysteries of the global economy is why the oil market has remained so calm during one of the greatest supply shocks in history. The Strait of Hormuz has been paralyzed by three months of war — a nightmare scenario that few thought was

By Lisa Eadicicco, Clare Duffy, CNN New York (CNN) — OpenAI has confidentially filed for an initial public offering, setting it up for what may be the most highly anticipated market debut in recent history and a massive payday for early investors. The decision comes just after OpenAI’s chief rival Anthropic announced plans to go

By Samantha Delouya, CNN (CNN) — Sam Bankman-Fried, the former crypto billionaire who orchestrated one of the largest financial frauds in history, officially asked President Donald Trump for a pardon, according to the Justice Department’s website. Bankman-Fried, 34, co-founded the disgraced crypto exchange FTX and was sentenced to 25 years in prison in 2024. Bankman-Fried’s

By Alicia Wallace, CNN (CNN) — Americans haven’t been this gloomy about their household finances in years – and they expect it’ll only get worse, new survey data showed Monday. The share of Americans who said their financial situation in May was “somewhat worse off” or “much worse off” than a year ago was the

By Hanna Ziady, CNN London (CNN) — Driverless cars will soon be available for public use in London, a first for the British capital that brings vehicles powered by artificial intelligence to one of the world’s most congested cities. The launch marks the beginning of British-born Wayve’s global rollout of robotaxis, which will extend to