By John Towfighi, CNN New York (CNN) — Technology stocks aren’t carrying the market like they used to — but investors can protect their portfolios during the volatility. After years of powering the market on the promise of revolutionizing productivity, tech and AI stocks have hit a lull. It’s been four months since the tech-heavy
Continue ReadingBy Stephanie Yang and Wayne Chang, CNN Taipei, Taiwan (CNN) — A global shortage in memory chips sparked by artificial intelligence has dealt a “tsunami-like shock” to the smartphone industry, pushing prices to all-time highs, according to a new report. A worsening shortfall of memory components is expected to put phone manufacturers out of business
Continue ReadingBy David Goldman, CNN (CNN) — Less than a year ago, David Ellison was the head of a small production company. Now, he’s on the verge of becoming the king of Hollywood. The Paramount Skydance CEO emerged victorious Thursday night in a bidding war for Warner Bros. Discovery. It was a prize Paramount desperately needed
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CNN By Hadas Gold, CNN (CNN) — Anthropic is rejecting the Pentagon’s latest offer to change their contract, saying the changes do not satisfy the company’s concerns that AI could be used for mass surveillance or in fully autonomous weapons. The Pentagon and Anthropic are at odds over restrictions the company places on the use
Continue ReadingBy Brian Stelter, CNN (CNN) — Savannah Guthrie intends to return to work at NBC’s “Today” show at some point, according to two sources close to the network. When that might happen is highly uncertain, and completely up to Guthrie, given this month’s agonizing and all-consuming search for her mother Nancy. But word of Guthrie’s
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By Ramishah Maruf, CNN New York (CNN) — Block, the company behind Square, Cash App and Afterpay, is cutting its staff by 40%. The reason: “intelligence tools,” according to a letter to shareholders by co-founder Jack Dorsey. Dorsey thinks most companies will follow suit in the near future. The company is laying off more than
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By Brian Stelter, CNN (CNN) — Paramount emerged as the victor in the months-long battle for Warner Bros. Discovery after Netflix backed out of the bidding war Thursday, leaving Paramount poised to acquire Warner’s vast media empire, including CNN. Netflix said it has “declined to raise its offer for Warner Bros.” after the Warner Bros.
Continue Reading By Hadas Gold, CNN (CNN) — Anthropic is rejecting the Pentagon’s latest offer to change their contract, saying the changes do not satisfy the company’s concerns that AI could be used for mass surveillance or in fully autonomous weapons. The Pentagon and Anthropic are at odds over restrictions the company places on the use of
Continue Reading CNN By Brian Stelter, CNN (CNN) — Netflix said Thursday afternoon that it has “declined to raise its offer for Warner Bros.” after the Warner Bros. Discovery board determined that Paramount has submitted a “superior” offer. The announcement means that Paramount has suddenly moved much closer to taking over CNN and the rest of the
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FOUNTAIN, Colo. (KRDO) — The City Council unanimously followed the recommendation of a citizens’ advisory council and will spend $450,000 to repair and reopen a neighborhood road that has been closed due to erosion concerns since the start of the COVID-19 pandemic. Council members voted for the move during Tuesday night’s regular meeting, selecting one
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By Jordan Valinsky, CNN New York (CNN) — Papa Johns is the latest pizza chain to close hundreds of locations following a tough quarter as customers pull back on spending. The company revealed during Thursday’s earnings call that approximately 300 underperforming restaurants in North America will close by the end of 2027, with about 200
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By Samantha Delouya, CNN (CNN) — US mortgage rates dropped below 6% this week, cracking a key threshold after years of punishing borrowing costs that sidelined millions of would-be buyers. On Thursday, the average 30-year fixed mortgage rate fell to 5.98% for the first time since 2022, according to Freddie Mac. Homeowners who secured rock-bottom
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By Hanna Ziady, CNN London (CNN) — A month ago, Børge Brende interviewed US President Donald Trump following his address to government and business leaders in Davos, Switzerland. On Thursday, the president and CEO of the World Economic Forum, which organizes the annual gathering in the Swiss alps, announced he was stepping down following an
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By Vanessa Yurkevich, CNN New York (CNN) — Burger King, home of the Whopper, is making the first changes to its best-selling menu item in nearly 10 years after consumers complained. The Whopper will replace its soft bun with a more premium one, use a new creamier mayonnaise and be served in a box instead
Continue ReadingBy Jeanne Sahadi, CNN (CNN) — President Donald Trump in his State of the Union address Tuesday briefly mentioned his intention to help private-sector workers save for retirement if they don’t have access to an employer-sponsored plan. “Half of all of working Americans still do not have access to a retirement plan with matching contributions
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COLORADO SPRINGS, Colo. (KRDO) — On Wednesday morning, for the first time, traffic began moving across the new Airport Road bridge over Powers Boulevard. Officials with the Colorado Department of Transportation (CDOT) said on Monday that they weren’t sure if they’d open the overpass during the overnight hours or “first thing” Wednesday morning. However, as
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By Lisa Eadicicco, CNN (CNN) — Artificial intelligence is starting to change the way people work, find information and even form social relationships. Yet very little has changed about the devices people often use to access AI: smartphones. Samsung wants to change that with its Galaxy S26, a new series of smartphones announced Wednesday. The
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By Matt Egan, CNN (CNN) — Economist and former Treasury Secretary Larry Summers announced plans on Wednesday to retire from his professorship at Harvard University at the end of the academic year amid scrutiny over his ties to convicted sex offender Jeffrey Epstein. In a statement, Summers described the retirement as a “difficult decision” and
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By Clare Duffy, Lisa Eadicicco, CNN (CNN) — Anthropic, a company founded by OpenAI exiles worried about the dangers of AI, is loosening its core safety principle in response to competition. Instead of self-imposed guardrails constraining its development of AI models, Anthropic is adopting a nonbinding safety framework that it says can and will change.
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By Samantha Delouya, CNN (CNN) — Roofers are turning down jobs. Painters are locking themselves inside the homes they’re finishing. Concrete crews have monthslong waiting lists. In the Twin Cities and surrounding suburbs, the Trump administration’s immigration crackdown has slowed home construction to a crawl – at a time when Minnesota, like much of the
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