CNN – Business/Consumer

By Matt Egan, CNN New York (CNN) — Markets are breathing a sigh of relief that the shaky US-Iran ceasefire survived the long weekend and progress is being made on a potential deal to end the war. US stocks are flirting with all-time highs and oil futures have backed away from $100 a barrel. And

By Hanna Ziady, CNN London (CNN) — BP said Tuesday it had dismissed its chairman Albert Manifold after less than a year in the role, citing “serious concerns” about “governance standards, oversight and conduct.” The surprise ouster marks the latest leadership turmoil at the British oil giant, which has seen several CEOs depart abruptly under

By John Towfighi, CNN New York (CNN) — The S&P 500 on Friday clinched its eighth straight weekly gain, the index’s longest winning streak since 2023. The reasons might sound familiar: strong corporate earnings and AI enthusiasm as investors look past concerns about the war with Iran. But in the bond market, bad vibes are

By Chris Isidore, CNN (CNN) — Americans are packing the highways and airports this holiday weekend – even with gas and airfares significantly more expensive than last year. AAA projected that a record number of Americans are traveling this weekend, with 45 million either flying or driving at least 50 miles from home, up from

By Lisa Eadicicco, CNN (CNN) — There’s a simple reason Google is making sweeping changes to its iconic, decades-old search engine: users are making complicated requests. “People are asking much longer and harder questions that no longer have a clear response anywhere on the internet,” said Robby Stein, vice president of product for Google Search.

By Brian Stelter, CNN (CNN) — “The Late Show with Stephen Colbert” went out on a literal high note. Thursday night’s series finale was the most-watched weeknight episode of Colbert’s eleven-year tenure on the show, according to overnight Nielsen ratings. Colbert and co. averaged 6.a74 million viewers, even beating his first episode as host back

By Nathaniel Meyersohn, CNN New York (CNN) — American shoppers are brushing off higher gas prices and finally spending money at Target again. Target’s comparable sales, which include both those at stores and online, grew 5.6% during its latest quarter — its best results in four years. The company raised its sales guidance for the

By John Liu, Yoonjung Seo, CNN Hong Kong/Seoul (CNN) — Samsung Electronics has become one of the leading beneficiaries of the global artificial intelligence boom. Surging demand for semiconductors has turned South Korea’s largest corporation into a $1 trillion company this year, propelling Seoul’s stock market to rank as the world’s sixth-largest. But one segment

By Jordan Valinsky, CNN New York (CNN) — Byron Allen got his first big break as a teenage comedian on Johnny Carson’s “The Tonight Show.” Nearly five decades later, he is returning to late night not just as a comic, but as a billionaire media mogul with a sprawling and unconventional empire. Allen owns The

By Alicia Wallace, CNN (CNN) — Americans just loathe this economy. A closely watched measurement of US consumer sentiment fell to a fresh, all-time low in May, according to the latest survey from the University of Michigan. The May consumer sentiment index dropped for the third consecutive month, falling to 44.2 and landing below the

By Amy Gunia, CNN (CNN) — The repercussions of the Iran war have been felt globally, but the United Arab Emirates has suffered a more direct impact than most, targeted by missile and drone strikes. Those attacks have also threatened its image as a glamorous haven for tourists to the Middle East. Still, Abu Dhabi

By Brian Stelter, CNN (CNN) — Stephen Colbert put on an emotional and existential final episode of “The Late Show” Thursday night, thanking his staff, studio audience and viewers for eleven years of laughs. Colbert walked on stage to deafening cheers at the Ed Sullivan Theater, where longtime friends and VIPs filled the rows of

CNN By Brian Stelter, CNN (CNN) — Stephen Colbert put on an emotional and existential final episode of “The Late Show” Thursday night, thanking his staff, studio audience and viewers for eleven years of laughs. Colbert walked on stage to deafening cheers at the Ed Sullivan Theater, where longtime friends and VIPs filled the rows

By Samantha Delouya, CNN (CNN) — Turmoil in the bond market, fueled by the war with Iran, is sending US mortgage rates higher and threatening to make buying a home even more expensive. The average 30-year fixed-rate mortgage rose to 6.51% this week, reaching the highest level since August of last year, according to Freddie