Fed officials warn not raising interest rates was a mistake
By Bryan Mena, CNN Washington (CNN) — Inflation is a far more serious and persistent issue than the Fed has made it out to be, and it must be…
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Exxon made $160 million per day last quarter as oil prices surged
By Matt Egan, CNN (CNN) — Big Oil is minting money. ExxonMobil and Chevron, the two biggest US oil companies, reported gangbusters profits on…
Continue ReadingAnthropic said its AI models hacked into other companies’ systems during testing
By Hadas Gold, CNN (CNN) — AI company Anthropic says that during routine testing some of its models accessed the internet and hacked into three…
Continue ReadingTrump’s FCC targeted ABC. Viewers rushed to its defense
By Brian Stelter, CNN (CNN) — The eight local ABC television stations targeted by President Donald Trump’s Federal Communications Commission…
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Mortgage rates climb to highest level in a year
By Samantha Delouya, CNN (CNN) — Five months into the war in Iran, rising oil prices and stubborn inflation are driving mortgage rates to the…
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Taco Bell sales fell after cyclospora outbreak
By Allison Morrow, CNN New York (CNN) — Taco Bell’s parent company, Yum Brands, reported robust sales and profit in the second quarter. But…
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The Fed’s preferred inflation gauge cooled in June. It might not last
By Alicia Wallace, CNN (CNN) — The temporary truce in the war with Iran sent gas prices – and thus inflation – lower in June, providing…
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US economy’s growth was weaker than expected in the second quarter
By Bryan Mena, CNN Washington (CNN) — The world’s largest economy lost steam heading into summer as red-hot demand for AI infrastructure…
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Two key takeaways from the Fed’s unusually unpredictable meeting
By Bryan Mena, CNN Washington (CNN) — Federal Reserve Chairman Kevin Warsh is already getting the “family fight” he has called for, and he’s…
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New York City has paused construction at several office-to-apartment conversions since Pfizer tower structural problems
By Samantha Delouya, CNN (CNN) — New York City is counting on office-to-apartment conversions to help relieve its housing shortage. But after…
Continue ReadingIn record heat, a warming world has come to rely on China to stay cool
By Stephanie Yang, CNN Hong Kong (CNN) — With wildfires blazing and temperatures hitting record highs in Europe, one China-made product has…
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Even though the Fed just held rates steady, savers can still lock in healthy returns
By Jeanne Sahadi, CNN (CNN) — As it has done at every meeting this year, the Federal Reserve Open Market Committee on Wednesday decided to…
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The OpenAI lab leak was more extensive than we thought
By David Goldman, Hadas Gold, CNN (CNN) — An OpenAI test that escaped its cage and alarmed the AI and cybersecurity industry attacked more than…
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Meta CEO Zuckerberg warns US shouldn’t ban Chinese AI models
By Rupert Neate, CNN (CNN) — The US government should not block Chinese artificial intelligence in an attempt to gain the upper hand in the…
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China’s humanoid robots have been taking over the global market. Now the US is banning them
By John Liu, CNN (CNN) — China, which supplies the vast majority of the world’s humanoid robots, has suddenly been cut off from its largest…
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Employees at the world’s biggest AI companies are calling for a slowdown in AI development
By Hadas Gold, CNN (CNN) — Top staffers from the biggest AI and technology companies urged the US government to slow the pace of artificial…
Continue ReadingRoss Douthat joins ‘60 Minutes’ as CBS races to rebuild the show
By Brian Stelter, CNN (CNN) — CBS News is reaching beyond the usual TV news ranks as it races to reboot “60 Minutes” after a rash of…
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The new Air Force One just got a big update – and price tag
By David Goldman, CNN (CNN) — Boeing’s money pit of an Air Force One project just sank a little deeper. The company said it’s making a…
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Johnson & Johnson offers up to $5.5 billion to settle baby powder cancer lawsuits
By Anna Cooban, CNN (CNN) — Johnson & Johnson has set aside $5.5 billion to resolve tens of thousands of US lawsuits alleging that its…
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Apple will now let you lease your next iPhone or Mac instead of buying it
By Lisa Eadicicco, CNN (CNN) — There are plenty of things you can lease: a car, an apartment or an office space, for example. Now you can add…
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