Money

By Clare Duffy, Auzinea Bacon, CNN New York (CNN) — A California jury on Friday largely sided with Twitter shareholders who accused billionaire Elon Musk of making false statements and intentionally driving down the social media company’s stock ahead of his $44 billion acquisition in 2022. But they absolved Musk of claims of engaging in

By Brian Stelter, CNN (CNN) — CBS News is shutting down CBS News Radio and laying off about 6% of its entire workforce, with executives explaining the cuts as a difficult but necessary reallocation of newsroom resources. The news division currently has about 1,100 employees, so dozens will be departing as a result of Friday’s

By Hadas Gold, CNN (CNN) — The White House on Friday released its long-awaited national artificial intelligence legislative framework, a move to prevent states from enacting their own laws and enforce the Trump administration’s light-touch approach to AI regulation. The framework stems from an executive order President Donald Trump signed in December that blocked states

By Tami Luhby, CNN (CNN) — President Donald Trump has repeatedly promised that Americans will get larger tax refunds this year thanks to his “big, beautiful bill.” But now his war with Iran – and the resulting spike in gas prices – could wipe out a sizeable slice of that windfall for many folks, depending

By John Liu, CNN Hong Kong (CNN) — Oil prices dipped Friday but remained well above $100, with energy infrastructure in the Middle East damaged and the vital Strait of Hormuz still largely shut. Goldman Sachs even suggested that higher prices could last all the way through 2027. Brent crude, the global oil benchmark, ticked

By Liam Reilly, CNN (CNN) — A Nashville-based Colombian reporter was released from Immigration and Customs Enforcement custody on bond Thursday after her arrest earlier this month. Estefany Rodríguez, a Spanish-language reporter for Nashville Noticias who often covers immigration, was released from a Louisiana detention facility after posting a $10,000 bond. Her release comes just

By Elisabeth Buchwald, CNN (CNN) — Kevin Warsh’s path to becoming the next Federal Reserve chair is already rocky — and it may be approaching a major roadblock, casting fresh uncertainty about who will be leading the central bank at a critical moment for the economy. Nearly two months have passed since President Donald Trump

By Samantha Delouya, CNN (CNN) — The war in Iran is driving up the cost of buying a home in America. The average 30-year fixed mortgage rate rose to 6.22% this week, up from 6.11% the week before. It’s the highest level since early December, reflecting the inflation fears rippling through markets. Less than a

By Brian Stelter, CNN (CNN) — Nexstar says it has completed its acquisition of Tegna, uniting two of the largest TV station ownership groups in the United States. But the deal still faces legal scrutiny: Eight state attorneys general have filed an antitrust lawsuit to block the acquisition. The state officials, led by California Attorney

By Hanna Ziady, Olesya Dmitracova, John Towfighi, CNN London (CNN) — Oil and natural gas prices were volatile Thursday after Iran ramped up strikes on energy infrastructure across the Middle East and attacked one of the world’s most important liquefied natural gas facilities in Qatar. Brent crude, the global oil benchmark, rose 1.18% to settle

By Samantha Delouya, CNN (CNN) — Property brokerage Compass on Wednesday dropped its lawsuit against Zillow, ending a legal clash over how home listings can be marketed online. For the past few years, Compass — now the largest real estate brokerage in the world — has encouraged agents to use “coming soon” listings as part

By Jeanne Sahadi, CNN (CNN) — The Federal Reserve’s decision Wednesday to leave its key overnight lending rate unchanged for the second time this year was expected. But in addition to a disappointing February jobs report and other data, the Fed had to consider a new factor creating economic uncertainty: the attacks on Iran by

By Brian Stelter, CNN (CNN) — “The speed with which American democracy is currently dismantled is unprecedented in modern history,” one of the world’s top democracy researchers says in a new report. The Varieties of Democracies Institute, or V-Dem, a research group based in Sweden, cites the “suppression and intimidation of media and dissenting voices”

By Hanna Ziady, David Goldman, CNN London/New York (CNN) — Oil and natural gas prices spiked Wednesday following reports of the first attacks on Iranian production facilities in the war, including the world’s biggest natural gas field. The incidents mark a major escalation in the conflict, which has so far largely spared Iran’s energy infrastructure.