Money

By John Liu, Stephanie Yang and Hanna Ziady, CNN Hong Kong/London (CNN) — Oil briefly surpassed $126 a barrel Thursday, its highest price in four years, as some traders worried about an escalation in the US-Iran war that would keep the Strait of Hormuz effectively shut. Brent crude, the global benchmark, surged overnight to touch

By Elisabeth Buchwald, CNN (CNN) — After eight years spanning three administrations, 66 interest-rate-setting meetings, a pandemic, a criminal probe and countless attacks from the Trump administration, Jerome Powell capped his final policy meeting as chair of the Federal Reserve on Wednesday. But he’s not going far: While Powell’s term as chair ends on May

By Samantha Delouya, Hadas Gold, CNN Oakland, Calif. (CNN) — Elon Musk sparred with OpenAI’s attorney under cross examination on the second day of his testimony, as lawyers for both sides zeroed in on his souring relationship with the organization that kicked off the AI race. Musk claims OpenAI betrayed its initial nonprofit mission when

By Jeanne Sahadi, CNN (CNN) — Wednesday marked the last meeting of the Federal Open Market Committee under the leadership of Federal Reserve Chair Jerome Powell. Powell chaired his first of more than 65 meetings in March 2018. During his eight years at the helm, the FOMC raised the central bank’s key overnight lending rate

By Clare Duffy, CNN New York (CNN) — Seven families of victims in a February school shooting sued OpenAI and CEO Sam Altman on Wednesday, alleging the company and its ChatGPT chatbot were complicit in the injuries or deaths of their children. The lawsuits follow an apology from Altman last week to the Tumbler Ridge

By Brian Stelter, CNN (CNN) — On the day that the Trump administration challenged ABC’s station licenses, Jimmy Kimmel had a message for President Donald Trump: The show goes on. On Tuesday night’s episode of “Jimmy Kimmel Live!” the comedian did not refer to the news about the network’s parent company, Disney, coming under highly

By Matt Egan, CNN Washington (CNN) — Federal Reserve Chair Jerome Powell is no stranger to tough decisions, but now he faces one of his toughest and most personal calls yet: Leave the stage or stick around in a supporting role once his replacement takes the helm of the US central bank. Powell’s term as

By Brian Stelter, CNN (CNN) — As the Trump administration pressures ABC to fire Jimmy Kimmel, the Trump-aligned FCC is challenging the network’s station licenses, setting up a legal battle with ABC’s parent company Disney. “Disney’s ABC is hereby directed to file license renewals for all of their licensed TV stations within 30 days —

By Hanna Ziady, Mostafa Salem, Sarah Tamimi CNN London/Abu Dhabi (CNN) — The United Arab Emirates will leave OPEC, a decades-old cartel of the world’s top oil exporters, delivering a shock that will ripple through global oil markets at a time of unprecedented turmoil caused by the Iran war. The UAE plans to withdraw from

By Hanna Ziady, CNN London (CNN) — Taylor Swift has filed new trademark applications for two voice clips and one image that a trademark attorney says are “specifically designed” to protect the pop superstar from threats posed by artificial intelligence. The filings highlight the challenges that AI poses to the entertainment industry, as AI tools

By Brian Stelter, CNN (CNN) — Late-night host Jimmy Kimmel found himself defending Americans’ right to free speech on Monday, after a joke he made several days ago prompted calls from the White House for ABC to fire him – again. “You know sometimes you wake up in the morning and the first lady puts