The US has stepped in to buy Japanese yen. Why?
By John Liu, Logan Schiciano, CNN (CNN) — The United States bought the Japanese yen for the first time in more than a decade as “a signal of…
Continue ReadingMoney
‘Spider-Man: Brand New Day’ soars to $927 million worldwide, the second-highest debut ever
By Auzinea Bacon, CNN (CNN) — Sony Pictures’ and Marvel’s “Spider-Man: Brand New Day” soared to the second-biggest North American…
Continue Reading‘The time is now’: Investors gear up to enter Venezuela despite enormous risks
By Anna Cooban, CNN London (CNN) — In a glittering ballroom in central London, around 200 people in the energy industry gathered to discuss a…
Continue Reading
I was kicked off my family phone plan. You could be next
By Elisabeth Buchwald, CNN (CNN) — I can still remember the glorious day my dad took me to the Verizon store in the fifth grade to buy my first…
Continue ReadingInfluencing looks like the new American Dream for young people. Universities are taking advantage
By Ramishah Maruf, CNN New York (CNN) — Influencing is Gen Z’s new glamour job. So if more than half of young people say they want to be…
Continue ReadingSituational Awareness, the hedge fund making headlines, explained
By Elisabeth Buchwald, CNN (CNN) — For years, Situational Awareness was closely tracked by Wall Street, members of the AI community and its…
Continue Reading
The market’s big AI doubts are exposing the riskiest players
By Allison Morrow, John Towfighi, CNN New York (CNN) — The meteoric rise and stunning near-collapse this week of a US hedge fund has sent…
Continue Reading
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 Reading
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…
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…
Continue Reading
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…
Continue Reading
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…
Continue Reading
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…
Continue Reading
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…
Continue Reading
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…
Continue Reading
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…
Continue Reading
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…
Continue Reading
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…
Continue Reading