Money

By Anna Cooban, Brian Stelter, CNN (CNN) — California Attorney General Rob Bonta has canceled a meeting that was scheduled for Monday over Paramount’s planned $110 billion takeover of Warner Bros. Discovery, CNN’s parent company. The parties were due to discuss a potential settlement of the lawsuit that has frozen the media mega-merger in place.

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump threatened to double tariffs on Canadian cars on Monday, the latest sign that the United States and Canada are barreling toward a deeper trade war after last-ditch efforts to strike a deal collapsed Friday. The failed efforts resulted in President Donald Trump enacting 50% tariffs on

By Chris Isidore, CNN (CNN) — The Los Angeles Lakers, the Super Bowl champion Seattle Seahawks, a chunk of the New York Yankees. Teams are turning over at a rapid pace, driving valuations to stratospheric heights. One reason for the sales boom you might expect: There are an ever-increasing number of billionaires with the resources

By John Towfighi, CNN (CNN) — The US national debt has topped a record $40 trillion. It’s a grim milestone in the history of the nation’s fiscal health. America’s debt burden is rising faster than estimates just a few years ago, exacerbated by persistent deficits and soaring interest payments. And the national debt keeps rising,

By Elisabeth Buchwald, Auzinea Bacon, CNN (CNN) — Canadian Prime Minister Mark Carney on Saturday vowed “dollar-for-dollar” tariffs in response to the United States’ 50% tariffs on $20 billion in Canadian goods after the two sides failed to reach a trade deal. Carney’s tit-for-tat measures, set to take effect on September 8, will include tariffs

By Brian Stelter, CNN (CNN) — Representatives for Paramount and the parties suing to block its takeover of Warner Bros. Discovery (WBD) are set to meet next week for talks that could lead to a settlement. The two sides apparently remain far apart, however, and the plaintiffs may prefer to take their arguments to court

CNN By Elisabeth Buchwald, Auzinea Bacon, CNN (CNN) — Trade talks between Canada and the United States failed at the last minute on Friday night, reigniting the North American trade war, with Ottawa vowing to match Washington’s tariffs. Despite hopeful statements from both sides earlier in the week that a deal would be struck to

CNN By Elisabeth Buchwald, CNN (CNN) — Trade talks between Canada and the United States failed at the last minute on Friday night, reigniting the North American trade war, with Ottawa vowing to match Washington’s tariffs. Despite hopeful statements from both sides that a deal would be struck to avoid 50% US tariffs on a

CNN By Brian Stelter, Haley Britzky, CNN (CNN) — In a blow to press freedoms within the US military, the Pentagon has forced out several top staffers at Stars and Stripes, the military publication with a long record of editorial independence. Journalism advocacy groups decried the firings and criticized Defense Secretary Pete Hegseth for trying

By Ramishah Maruf, CNN New York (CNN) — TikTok and its parent company, ByteDance, reached a $400 million settlement with the US Justice Department over children’s privacy litigation on Friday, one of the largest amounts yet for a case of this kind. The Justice Department first sued TikTok in 2024, claiming the app failed to

By Allison Morrow, CNN New York (CNN) — It was a tough week for the bond market. And the US government’s attempt to help offered only temporary relief. A global rate spike in long-dated government bonds pushed yields to multi-year highs this week, driving up borrowing costs for governments, businesses and consumers. The yield surge

By Brian Stelter, Haley Britzky, CNN (CNN) — In a blow to press freedoms within the US military, the Pentagon has forced out several top staffers at Stars and Stripes, the military publication with a long record of editorial independence. Journalism advocacy groups decried the firings and criticized Defense Secretary Pete Hegseth for trying to

By Alicia Wallace, David Goldman, CNN (CNN) — Tech investor Marc Stad is acquiring a controlling interest in the NBA’s Minnesota Timberwolves and the WNBA’s Minnesota Lynx in a deal valued at $4.5 billion, sources close to the agreement told CNN on Friday. It marks the second multibillion-dollar sale of a professional basketball organization this

CNN By Issy Ronald, Lauren Said-Moorhouse, CNN London (CNN) — Prince Harry and six other high-profile figures will have to make an initial payment of £9.5 million ($13 million) toward the legal costs of a British tabloid publisher after losing a high-stakes case against them last month, a UK High Court judge ruled Friday. The

By Issy Ronald, Lauren Said-Moorhouse, CNN London (CNN) — Prince Harry and six other high-profile figures will have to make an initial payment of £9.5 million ($13 million) toward the legal costs of a British tabloid publisher after losing a high-stakes case against them last month, a UK High Court judge ruled Friday. The group