Money

By Matt Egan, CNN New York (CNN) — Israel’s unprecedented attack on Iran raises the specter of sharply higher gasoline prices, just as the summer driving season heats up. Up until now, pump prices had been low and stable. Relatively cheap gas prices have helped drive down inflation and offset consumer concerns about sky-high tariffs.

By Bryan Mena, CNN Washington (CNN) — Americans have gained some hope that the worst of President Donald Trump’s volatile trade war might be in the rearview mirror. Consumer sentiment surged 16% this month to a preliminary reading of 60.5, the University of Michigan said in its latest survey released Friday. That was the first

By David Goldman, CNN (CNN) — The Trump administration will soon ensure that its 50% steel tariffs, which have threatened to make everything containing steel more expensive, will apply to your next fridge or dishwasher. The Commerce Department, in a notice set to be published in the federal register Monday, said the recently increased steel

By Jeanne Sahadi, CNN (CNN) — Chances are very good that your 401(k) does not currently offer you access to private equity investments, which, as the name implies, are investments in companies that are not publicly traded. The question is, will that change in the next few years? And, if it does, is it worth

By Lisa Eadicicco, CNN (CNN) — Multiple popular online services were hit by outages on Thursday afternoon, including Spotify, Discord and Google, according to Downdetector, a website that tracks service disruptions across the web. Downdetector also reported issues at Amazon Web Services, but the company says it was operating normally on Thursday. The disruptions came

By Anna Stewart and Lisa Eadicicco, CNN Paris (CNN) — Chipmaker Nvidia will exclude the Chinese market from its revenue and profit forecasts following the imposition of tough US restrictions on chip sales to China, its CEO said Thursday. Asked whether the US will lift export controls after trade talks with China in London this

By Clare Duffy, CNN New York (CNN) — Meta is suing the Hong Kong-based maker of the app CrushAI, a platform capable of creating sexually explicit deepfakes, claiming that it repeatedly circumvented the social media company’s rules to purchase ads. The suit is part of what Meta (META) described as a wider effort to crack

By John Towfighi, CNN New York (CNN) — Wall Street breathed a sigh of relief Thursday after a key bond auction eased concerns that the US economy might be falling out of favor with investors. Bonds rallied after an auction for US government bonds saw relatively strong demand. The Treasury on Thursday sold $22 billion

By Anna Cooban, CNN London (CNN) — Britain’s economy shrank by the most in nearly two years in April, when President Donald Trump’s tariffs also caused UK goods exports to the United States to fall by a record amount. Gross domestic product contracted by an estimated 0.3% that month – after expanding 0.2% in March

By John Towfighi, CNN New York (CNN) — Wall Street traders hunting for profits might find that the most lucrative investments are in the peculiar market for precious metals. Gold, silver and platinum prices have surged this year as investors have piled into precious metals in search of places to hide from trade war uncertainty.

By Liam Reilly, CNN (CNN) — The Washington Post on Wednesday announced it has a new Opinion editor. The move comes four months after it announced a “significant shift” to the Opinion page and the departure of its embattled section chief. Adam O’Neal, who currently serves as The Economist’s Washington correspondent, will take over as

By Clare Duffy, CNN New York (CNN) — Disney and Universal are suing AI photo generation company Midjourney, marking the first major legal showdown between Hollywood studios and an artificial intelligence company. Midjourney, which enables users to create realistic-looking images from a text prompt in just seconds, is one of the most popular AI image