CNN – Business/Consumer

By Stephanie Yang, CNN (CNN) — A historic oil shock and surging fuel prices are strengthening the case for electric vehicles. China’s EV makers are eager to deliver. The United States and Israel’s war against Iran has disrupted critical fossil fuel supplies from the Middle East, pushing up crude oil prices to as high as

By Hadas Gold, CNN (CNN) — OpenAI is winding down Sora, the video generation app it launched to much fanfare last year that signaled a bigger push into creative tools and social media. OpenAI is shuttering the standalone app to focus on other priorities, the company said on Tuesday. “As we focus and compute demand

By Clare Duffy, CNN New York (CNN) — A jury on Tuesday found Meta violated New Mexico law in a case accusing it of failing to warn users about the dangers of its platforms and protect children from sexual predators. The jury found Meta liable on all counts, including for willfully engaging in “unfair and

By Devan Cole, CNN (CNN) — A federal prosecutor in Washington, DC, told a judge this month that his office didn’t have evidence of any crimes by Federal Reserve Chair Jerome Powell in a costly renovation of the central bank’s headquarters – despite subpoenas over the matter, which the judge later quashed. At a high-stakes

By Brian Stelter, CNN (CNN) — Undeterred by a federal judge’s recent rebuke, the Pentagon has announced another set of restrictions on the press corps that regularly covers the US military. The changes will further reduce day-to-day press access, ultimately eroding the public’s understanding of what the military is doing. Under the new rules, announced

By John Towfighi, Chris Isidore, CNN New York (CNN) — Stocks rose and oil prices fell sharply after President Donald Trump on Monday said the United States would postpone further strikes on Iran’s energy infrastructure, pending the outcome of negotiations. The Dow closed higher by 631 points, or 1.38%. The S&P 500 gained 1.15% and

By Chris Isidore, CNN (CNN) — Artificial intelligence could widen the problem of income inequality, said BlackRock CEO Larry Fink in his annual letter to shareholders. And, while that might not be a particularly new point of view, his proposed solutions are not as typical. In his letter, released Monday, he said he believes that

By Brian Stelter, CNN (CNN) — “Linda from Arizona,” a caller on a conservative talk radio show, might deserve the credit or blame for the Immigration and Customs Enforcement agents deploying to airports across the United States today. The caller said on “The Clay Travis and Buck Sexton Show” last Friday, “I think I have

By Hanna Ziady, Helen Regan, CNN London/Hong Kong (CNN) — Oil prices slid Monday after President Donald Trump suggested that ongoing talks between the United States and Iran could end the war. Iran, however, denied that talks were taking place. Brent crude, the global oil benchmark, fell more than 7% to around $104 a barrel,

By Gordon Ebanks, CNN (CNN) — The war in Iran is pushing up prices for already-strained farmers, with higher costs for fertilizer and energy on top of last year’s tariffs. And the increasing pressure on American agriculture could lead to even bigger price tags at the grocery store. John Yeley, an Illinois farmer who grows

By Andrew Kirell, Brian Stelter, CNN (CNN) — If you only watched Fox News over the weekend, you didn’t hear about President Donald Trump’s widely condemned reaction to Robert Mueller’s death. “Robert Mueller just died,” Trump posted to Truth Social shortly after the news of the former FBI director’s death became public on Saturday afternoon.

By Auzinea Bacon, CNN (CNN) — Oil prices rose Sunday after Iran threatened to shut down the Strait of Hormuz indefinitely in response to President Donald Trump’s ultimatum on the restoration of oil traffic through the critical waterway. Brent crude, the global benchmark, climbed 1.69% to about $114.09 a barrel at the open. US crude

By Liam Reilly, CNN (CNN) — Gerald Rodriguez, the general manager of an NPR affiliate in rural Colorado, expected federal funding for public media to shrink. He didn’t expect it to disappear almost overnight. “What we thought would happen is that they would just cut the funding a little bit,” Rodriguez told CNN. “But, no,

By Jeanne Sahadi, CNN (CNN) — The much-touted new tax breaks for tips, overtime, seniors and car loan interest have a lot of income tax filers expecting a big bump in their refunds this year – or a big cut in their tax bill. That certainly may be the result for some people. But for