Money

By John Towfighi, CNN New York (CNN) — Wall Street is gearing up for Anthropic’s expected mega initial public offering, a major test of investors’ appetite for one of the AI industry’s leading firms. Just weeks ago, its CEO called for an industry-wide slowdown over growing safety concerns. The IPO could take place as soon

By Brian Stelter, CNN (CNN) — The combined Paramount–Warner Bros. Discovery will be named Skydance, CEO David Ellison announced Friday, a few days before the merger’s completion. Ellison said Skydance will be a “creative-first home for bold, quality storytelling.” Skydance was the name of the production company that Ellison founded in 2006. The name originally

By Alicia Wallace, CNN (CNN) — The US labor market hit a soft patch in September as the economy added just 29,000 jobs and the unemployment rate increased to 4.2%, new Bureau of Labor Statistics data showed Friday. The latest jobs report – and the final official employment snapshot before the midterm elections – also

By Chris Isidore, CNN (CNN) — All it took was $4 a gallon gas to make Americans embrace hybrid cars. But with limited offerings from the big Detroit automakers, people are turning to their Asian rivals in droves. Korean automaker Hyundai reported Thursday that hybrid sales rose 39% in the third quarter, while Kia’s hybrid

By David Goldman, Alicia Wallace, CNN (CNN) — Cherry-picking one data point from a monthly economic report is neither fair nor necessarily telling. But one statistic stood out in September’s mostly “meh” jobs report like a sore thumb. The unemployment rate for Black Americans rose from 6% to 7%, according to the Bureau of Labor

By Jordan Valinsky, CNN New York (CNN) — The Topo Chico shortage of 2026 is soon coming to an end. Fans of the carbonated water brand have largely been without Topo Chico since February, when problems at the Mexico facility forced owner Coca-Cola to temporarily cease orders of the water. In a statement given to

By Matt Egan, Tami Luhby, Nina Giraldo, CNN (CNN) — As the Trump administration deliberates how to fight historically high gas and diesel prices, a growing number of US states are taking matters into their own hands. The state-level action has taken place across the country in recent days and weeks, spanning red states like

By Stephanie Yang, Yoonjung Seo, CNN (CNN) — South Korea has pushed back against a $54 billion investment announced by the Trump administration, turning a struggling project to export natural gas from Alaska into another potential sticking point in the allies’ long-running negotiations over trade. On Wednesday Trump touted the figure as part of a

By Tami Luhby, CNN (CNN) — The Affordable Care Act $500 refund checks are in the mail to nearly a million Americans, along with a letter from President Donald Trump touting his healthcare accomplishments and casting blame on his predecessor. The Treasury Department began sending the one-time payments on Wednesday to more than 950,000 Obamacare

By Samantha Delouya, CNN (CNN) — Mortgage rates keep going up. The average 30-year fixed mortgage rate was 7.28% this week, up from 7.03% last week, according to Freddie Mac data released Thursday. Mortgage rates have risen for six straight weeks, and this week brought the biggest one-week jump in nearly four years. Rates are

By Alicia Wallace, CNN (CNN) — Americans have kept spending despite more than five years of higher prices. But the paychecks that have powered that spending are starting to lose steam. Friday’s jobs report could show how much further pay gains are falling behind inflation. The continued resilience of spending, which powers two-thirds of US

By David Goldman, CNN (CNN) — The bond market is in an unrelenting sell-off. In the latest dubious milestone for US Treasuries, the yield on the 10-year benchmark note just hit its highest level since the dot-com bust. American government bonds remain the world’s most important financial market, widely considered the safest place for investors

By Brian Stelter, Liam Reilly, CNN (CNN) — Paramount entered the final stages of merging with Warner Bros. Discovery on Wednesday afternoon, when a federal judge approved last week’s settlement of an antitrust lawsuit filed by state attorneys general. Minutes after Judge Araceli Martínez-Olguín issued an order accepting the settlement, Paramount CEO David Ellison announced

By Marshall Cohen, CNN New York (CNN) — Prediction site Polymarket rolled out new consumer protections and anti-addiction measures Wednesday, as a growing number of policymakers call for more regulation of the booming industry. Prediction sites have exploded in popularity this year, with billions of dollars wagered on everything from sports to elections, entertainment and