Money

By Jordan Valinsky, CNN New York (CNN) — At a darkly lit event in a Manhattan warehouse this week, actress Florence Pugh, Knicks player Karl-Anthony Towns as well as throngs of influencers all gawked at the Jaguar Type 01, the British automaker’s first new model in nearly a decade. A sizzle reel showed the $130,000

By Matt Egan, CNN New York (CNN) — Hurricane Isaias is barreling down on the US Gulf Coast at a time when there’s almost no margin for error in the global energy system. The biggest risk is that extreme flooding, wind or power outages from the Category 3 storm disrupts, damages or even destroys refineries.

By Elisabeth Buchwald, Matt Egan, CNN (CNN) — President Donald Trump is mounting a fresh offensive in his battle to oust Federal Reserve Governor Lisa Cook, forming a committee of his own appointees to investigate allegations against her. The committee will investigate alleged false statements Cook made in connection with mortgages on two properties and

By Chris Isidore, CNN (CNN) — Delta Air Lines reported a huge jump in fuel costs, but said passengers are continuing to book flights despite the significantly higher airfares. That’s why Delta is betting travelers will keep paying more to fly this holiday season. The airline, the first major carrier to report financial results, said

By Alicia Wallace, CNN (CNN) — It’s another day, another historically weak reading of how Americans feel about the economy. However, this one is landing right before the midterm elections. The University of Michigan’s closely watched consumer sentiment index fell to a preliminary reading of 46.3 from 48.1 in September. If Friday’s lower-than-expected reading were

By Matt Egan, CNN New York (CNN) — The Strait of Hormuz is no longer paralyzed and yet fuel prices remain painfully high. It’s a vexing problem with profound financial, political and economic consequences. Gasoline prices, averaging $4.36 a gallon nationally, have never been this high at this time of year, according to AAA data.

By Hadas Gold, CNN (CNN) — Three OpenAI safety researchers say they were fired from the company and are openly questioning the reasons for their dismissals. The three researchers, Mikita Balesni, Tomak Korbak and Jasmine Wang, all worked on AI safety or alignment within the company, making sure the AI systems did what their human

By Matt Egan, CNN (CNN) — Just two days before launching an effort to slash red tape for commercial space transportation, President Donald Trump last month purchased up to $5 million of bonds issued by SpaceX, a major federal contractor run by Elon Musk, according to ethics filings made public on Thursday. The SpaceX bond

By John Towfighi, CNN New York (CNN) — Tech stocks dropped on Thursday after a news report that OpenAI’s annualized revenue is about $20 billion less than previously reported. OpenAI, the maker of ChatGPT, recently told investors that its annualized revenue was nearing $50 billion, according to the Financial Times. That’s lower than the $70

By Hanna Ziady, CNN London (CNN) — Oil prices climbed Thursday on continued worries about global supply following a record number of tanker attacks that sent crossings through the Strait of Hormuz to a two-month low. Brent crude, the global oil benchmark, rose more than 5% at one point before pulling back to trade 4.8%

By Matt Egan, CNN New York (CNN) — The global energy system is already being pushed to the brink. A hurricane barreling down on America’s refining nerve center is the last thing that’s needed. Isaias, the Atlantic season’s first hurricane, is arriving at a time when there is almost no margin for error. US refineries,

By Clare Duffy, Adam Cancryn, Hadas Gold, CNN (CNN) — It was a triumphant moment for Mark Zuckerberg. He sat at the center of last month’s White House AI meeting, with the CEOs of some of the biggest tech companies in the world signing onto a document he crafted for how to “self-police” and attempt

By Hadas Gold, CNN (CNN) — Among the AI heavyweights, Europe has long been missing a contender. The US has produced OpenAI, Google, Anthropic, Meta and SpaceXAI; while China has a whole host of AI labs. Now, one French startup is trying to best them all – and at a lower price. On Tuesday, Paris-based

By Marshall Cohen, CNN (CNN) — Eric Wright thinks Kalshi could change lives on his Indian reservation. He’s the administrator for the Kletsel Dehe Wintun Nation, a small Native American tribe in such an isolated area of northern California that it doesn’t have potable drinking water. But Wright hopes revenue from the tribe’s new Kalshi-backed