By Olesya Dmitracova, CNN London (CNN) — Stellantis, the owner of Jeep and Chrysler, announced a “reset” of its business after its enormous investments in electric vehicles failed to pay off. The company said Friday that it would take charges of more than $26 billion, the bulk of which includes write-offs and cash payments for
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By Brian Stelter, CNN (CNN) — NBC used to promote the cast of the “Today” show as “America’s first family,” and this agonizing week has shown why. Savannah Guthrie’s co-hosts and colleagues have extended their support, both on-air and off, as the authorities try to find her 84-year-old mother, Nancy. Guthrie’s co-host Craig Melvin and
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By John Towfighi, CNN New York (CNN) — Gold has been considered a store of value for thousands of years. In 2026, it’s been trading more like a meme stock than a safe haven. Investors often flock to gold when crises hit, inflation spikes or stocks slump as a way to preserve their money’s worth.
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COLORADO SPRINGS, Colo. (KRDO) — A traffic signal project that began just before Thanksgiving was supposed to be finished by New Year’s Day, then by the end of January. Many viewers have asked why work to upgrade signals on Garden of the Gods Road, at the Northpark Drive and Mark Dabling Boulevard intersections, isn’t done
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By Alicia Wallace, CNN (CNN) — The labor market is becoming increasingly inhospitable in the United States, as demand for workers continues to wane and job postings are at their lowest levels since the pandemic. New data from the Bureau of Labor Statistics released Thursday showed that the estimated number of job openings sank to
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By Jordan Valinsky, CNN New York (CNN) — Pour, or instead squeeze, one out for a childhood staple: Minute Maid’s frozen juices are soon disappearing from shelves after an 80-year run. Coca-Cola, which owns Minute Maid, said in a statement Thursday that it’s exiting the frozen can category. That will result in its lineup of
Continue ReadingBy Lisa Eadicicco, CNN (CNN) — Anthropic’s Cowork AI assistant sent shockwaves through Wall Street this week. Now Anthropic is taking another leap forward, improving its model. Anthropic’s new Claude Opus 4.6 model, announced Thursday, is designed to make Cowork AI better for office and coding work, potentially raising even more concerns that the AI
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By John Towfighi, CNN New York (CNN) — US stocks dropped Thursday, continuing a recent patch of volatility, as Wall Street grappled with persistent nerves about artificial intelligence and economic data showed the labor market weakened over the past two months. The Dow closed lower by 593 points, or 1.2%. The S&P 500 fell 1.23%,
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By David Goldman, CNN New York (CNN) — Bitcoin is acting weird. The world’s most famous cryptocurrency has now lost half its value from its October peak, falling below $63,000 Thursday for the first time in 16 months. That decline is actually not unusual at all. Crypto is notoriously volatile, and it’s gone through numerous
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By Vanessa Yurkevich, Amy O’Kruk, CJ Riculan, CNN (CNN) — Americans are gearing up to host Super Bowl parties, and the game day spread will likely be front and center for many of them. Shopping for this year’s Super Bowl brings news that’s worthy of a touchdown dance: hosting a party might not break the
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By Matt Egan, CNN New York (CNN) — The car repo business is booming as Americans fall behind on increasingly expensive car payments. Cars are being repossessed at the highest rate since the Great Recession of 2008 and 2009. The repo tactics have drawn the attention of Massachusetts Sen. Elizabeth Warren, who launched a probe
Continue ReadingBy Hanna Ziady, CNN London (CNN) — Athletes on the podium at the Winter Olympics in Italy this month will be awarded the most expensive medals in the history of the Games, thanks to soaring precious metals prices. More than 700 gold, silver and bronze medals will be presented to the world’s top winter sports
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By John Liu, CNN (CNN) — Melinda French Gates said she was filled with “unbelievable sadness” when further documents detailing her ex-husband and Microsoft co-founder Bill Gates’ ties with the late convicted sex offender Jeffrey Epstein were released last week. The philanthropist, who divorced Gates in 2021, opened up about her reaction to the controversy,
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EL PASO COUNTY, Colo. (KRDO) — The efforts of a Colorado Congressman and the head of the county’s Board of Commissioners have resulted in $1 million of federal funding for the intersection of Constitution Avenue and Peterson Road. Rep. Jeff Crank, R-Colorado Springs, recently announced the allocation, citing the assistance of Commissioner Carrie Geitner. His
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By Brian Stelter, CNN (CNN) — Washington Post owner Jeff Bezos remains committed to the publication, its top editor told CNN in an interview Wednesday, hours after the Post laid off hundreds of employees. “He wants the Post to be a bigger, relevant, thriving institution,” executive editor Matt Murray said. Many Post journalists doubt that,
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By Ramishah Maruf, CNN New York (CNN) — The US Equal Employment Opportunity Commission is probing Nike in response to unspecified allegations that the company discriminates against White employees, the agency said Wednesday. The agency said it is investigating potential discrimination against White workers that may have occurred in part due to “NIKE’s Diversity, Equity,
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By David Goldman, CNN (CNN) — “Reclaiming my time” made a comeback Wednesday – and with it, Rep. Maxine Waters added a new, made-for-TikTok tag: “Can you shut him up?” The fiery exchange between Waters, the Democratic ranking member on the House Financial Services Committee, and Treasury Secretary Scott Bessent echoed the famous 2017 standoff
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By Hadas Gold, John Towfighi, CNN New York (CNN) — Anthropic just launched a new AI tool that could replace dozens of software tools. And Wall Street is panicked. Claude Cowork is meant to be like an AI colleague, with the ability to read files, organize folders and draft documents on your behalf. New plugins
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By Jordan Valinsky, CNN New York (CNN) — Pizza Hut is closing hundreds of locations across the United States while its parent company continues a strategic review of the embattled brand. Yum! Brands, which also owns Taco Bell and KFC, revealed in Wednesday’s earnings call that 250 “underperforming” Pizza Huts are closing in the first
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By Alicia Wallace, CNN (CNN) — The brief US government shutdown has delayed the official jobs report for January – with the data now set to land on February 11 instead of this coming Friday – but the first look at hiring activity in the private sector showed that employment gains sputtered to start the
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