Money

By Lisa Eadicicco, CNN (CNN) — Creating revolutionary pharmaceutical drugs, testing new materials for cars and simulating how market scenarios can affect banks — these are just some of the tasks that could take months or years to develop, even with the most advanced computers. But what if that timeframe could be cut down to

By John Towfighi, CNN New York (CNN) — The Dow surged higher on Tuesday, bolstered by optimism that the US government shutdown might come to an end this week. The Dow gained 559 points, or 1.18%, and closed at a record high of 47,927.96. The broader S&P 500 gained 0.21%. Meanwhile, the tech-heavy Nasdaq Composite

By Jordan Valinsky, CNN New York (CNN) — Patrick M. D’Aoust probably didn’t expect his anniversary trip to end early, but he definitely didn’t think he’d have just 15 minutes to vacate his room. The early ejection wasn’t because of a fire or a fight, but a bankruptcy. Sonder, a short-term rentals company abruptly collapsed

By Jordan Valinsky, CNN New York (CNN) — Purveyors of the so-called “slop bowl” just had another messy quarter. What was once the lowly desk salad has since expanded to a mish-mosh of options in a bowl, ranging from proteins like carne asada and lamb meatballs to toppings like tzatziki or red chimichurri, and has

By Samantha Delouya, CNN (CNN) — Most first-time homebuyers in the United States take out 30-year mortgages. Under a new proposal from the Trump administration, they may soon have an even longer loan option. This week, President Donald Trump introduced a new idea to tackle home affordability: a 50-year mortgage loan. Federal Housing Finance Agency

By Gordon Ebanks, CNN (CNN) — Veterans Day, which commemorates all those who serve in the US military, has been a federal holiday since 1954 and has been observed in some form for over a century — it originally commemorated the end of World War I. Because the day is a federal holiday, many government

By Tim Lister, Mohammed Tawfeeq, CNN (CNN) — The Iraqi government says it can no longer work with Russian oil company Lukoil – which has a huge stake in the country’s oil fields – because of recently imposed US sanctions against the company. Lukoil has told Iraq’s state oil company SOMO that it is declaring

By David Goldman, Elisabeth Buchwald, CNN (CNN) — President Donald Trump, embattled by America’s growing affordability problems, has once again floated a unique solution: Sending Americans rebate checks for the tariffs that his administration has collected. “People that are against Tariffs are FOOLS!” Trump posted on Truth Social Sunday. “A dividend of at least $2000

By Brian Stelter, CNN (CNN) — The BBC is embroiled in a massive political fight over its future, with conservatives capitalizing on an editing screw-up and denouncing the British broadcaster while liberals argue that the institution is flawed but worth defending. On Monday, Trump intensified the pressure by sending a threatening legal letter to the

By Gordon Ebanks, CNN (CNN) — Visa and Mastercard have a potential deal with retailers that would lower fees for merchants, potentially lowering prices but threatening prized consumer rewards. The deal, which is still subject to court approval, could mean big changes for businesses and consumers. In 2024, over a third of all purchases were

By Chris Isidore, CNN (CNN) — The federal government is ordering flight cuts at 40 major airports because of the shutdown – but it’s flyers in places like Pensacola, Florida; Moline, Illinois; Waco, Texas; and Shreveport, Louisiana who will have it the hardest. That’s because small feeder flights are largely the ones getting canceled, not

By John Towfighi, CNN New York (CNN) — Tech stocks took a bruising this week as nerves persist about expensive valuations and a potential artificial intelligence bubble. The Nasdaq Composite closed lower by 0.21% on Friday. The tech-heavy index fell 3.04% across the week and suffered its worst week since early April, when President Donald

By Jordan Valinsky, CNN New York (CNN) — Wendy’s is set to close hundreds of locations across the United States as part of its turnaround plan. Interim CEO Ken Cook announced Friday that a “mid single-digit percentage” of Wendy’s approximately 6,000 US locations could close, which would amount to around 200 to 350 restaurants. Affected