Money

By Liam Reilly, CNN (CNN) — RedBird Capital withdrew its £500 million bid for the Telegraph Media Group on Friday, leaving the fate of the major British publisher unclear. “RedBird has today withdrawn its bid for the Telegraph Media Group,” a representative for private equity firm RedBird Capital Partners told CNN. “We remain fully confident

By Alicia Wallace, CNN (CNN) — The US government has reopened following its longest-ever shutdown, setting the stage for the eventual release of the gold-standard federal data that is crucial in analyzing the health and trajectory of the nation’s economy. Data nerds (and government officials, and Federal Reserve policymakers, and business owners, and, well, everyone

By Elisabeth Buchwald, CNN (CNN) — The Trump administration plans to lower the United States’ tariffs on goods from Switzerland, according to an announcement Friday from the White House and the Swiss government following a meeting with US Trade Representative Jamieson Greer. The tariff rate the US charges on Swiss imports will fall to 15%

By Jeanne Sahadi, CNN (CNN) — When it comes to voluntarily paying taxes on time to the IRS, crypto investors may not have a great record. At least, not according to an IRS review from 2023, which showed “the potential for” a mere 25% compliance rate. Translation: Only about a quarter of crypto investors are

By Clare Duffy, CNN New York (CNN) — When Jamie Iannone took over as eBay’s chief executive in early 2020, the company had undergone a leadership shakeup and was in the process of shedding businesses under pressure from activist investors. One of the internet’s original shopping sites, it had just lost its position as the

By Jack Guy, CNN London (CNN) — Apple has built its reputation on cutting-edge devices and sleek design, but the company’s latest product is decidedly more low-tech. The iPhone Pocket is a knitted strap developed in conjunction with fashion designer Issey Miyake, “born from the idea of creating an additional pocket,” Apple (AAPL) announced in

By Clare Duffy, CNN New York (CNN) — Artificial intelligence is playing a greater role in everything from homework to jobs and even romantic companionship — all without much oversight to guarantee the tech is being developed and used safely. Now, a pair of state attorneys general are teaming up with two of the biggest

By John Towfighi, CNN New York (CNN) — US stocks closed sharply lower Thursday as investors sold shares in technology companies and volatility picked up on Wall Street. The Dow fell 798 points, or 1.65%. The broader S&P 500 fell 1.66% and the tech-heavy Nasdaq Composite slid 2.29%. Investors also assessed how long it might

By Jeanne Sahadi, CNN (CNN) — If you plan to max out your contributions to your 401(k) or IRA next year, you will get to save a little more than you could this year. The IRS on Thursday announced cost-of-living adjustments to federal contribution limits for 2026 for key retirement savings vehicles. 401(k) participants will

By Chris Isidore, CNN (CNN) — Relatively few people fly Spirit Airlines – but the company could still affect how much you pay for your holiday travel, even if recent government-mandated flight cancellations end. For years, Spirit has had an outsized effect on fares across the industry. The discount carrier’s rock-bottom fares forced much larger

By Samantha Delouya, CNN (CNN) — The Trump administration has another idea to make housing more affordable: Let homeowners take their mortgage rate with them when they move. On Wednesday, Federal Housing Finance Agency Director Bill Pulte said the administration is “actively evaluating” so-called portable mortgages. The proposal aims to address the housing market’s lack

By Matt Egan, CNN New York (CNN) — Austin H. can’t wait to buy a house and start a family. But right now, the 34-year-old is barely getting by. Austin is living paycheck to paycheck and saving almost no money, one of the millions of Americans struggling to make ends meet in an increasingly unaffordable