Money

By Associated Press (CNN) — LendingTree CEO and founder Doug Lebda died in an all-terrain vehicle accident over the weekend, the online loaning platform said Monday. He was 55. In a company announcement, LendingTree confirmed that Lebda died on Sunday and that the company was grieving his unexpected death. A spokesperson said the accident occurred

By Brian Stelter, CNN (CNN) — The Pentagon is telling beat reporters to sign restrictive new rules by Tuesday or surrender their press passes by Wednesday. Virtually every news outlet is rejecting the ultimatum and saying they will not sign. The Pentagon Press Association, a body that represents the beat reporters, says the new policy

By John Towfighi, CNN New York (CNN) — Cryptocurrencies plunged in value on Friday in a short but significant flash crash, leaving investors with billions of dollars in losses and highlighting the volatility associated with the industry. Traders were jolted after President Donald Trump threatened new tariffs on imports from China, sparking a sell-off in

By Lisa Eadicicco, CNN (CNN) — OpenAI is partnering with Broadcom to design and develop 10 gigawatts of custom AI chips and systems, a massive amount of power that will use as much electricity as a large city. The move further highlights just how power intensive the AI boom has become. It’s the latest partnership

By Jordan Valinsky, CNN New York (CNN) — JPMorgan Chase on Monday announced a massive investment plan that places a substantial bet on industries it thinks are critical to the United States’ economic security. As part of the decade-long initiative, the bank said it’s investing $10 billion in select companies that are primarily based in

By Auzinea Bacon, CNN (CNN) — US stock futures rose Sunday after President Donald Trump said, “Don’t worry about China,” following a sell-off on Friday. Dow futures were up 0.8%, S&P 500 futures rose 1.04% and Nasdaq futures climbed 1.34%, as of 6:32 p.m. ET. Stocks closed sharply lower on Friday after Trump threatened an

By Auzinea Bacon, CNN (CNN) — Disney’s “Tron: Ares” revved up to gross about $33.5 million at the domestic box office, notching the top spot for the weekend. The third installment of the decades-old “Tron” franchise fell short of analysts’ expectations of a more than $40 million opening. The sci-fi adventure film reportedly had a

AFFIRM FILMS, UNIVERSAL PICTURES, WARNER BROS. PICTURES, PARAMOUNT PICTURES, WALT DISNEY PICTURES, CNN By Auzinea Bacon, CNN (CNN) — Disney’s “Tron: Ares” revved up to gross about $33.5 million at the domestic box office, notching the top spot for the weekend. The third installment of the decades-old “Tron” franchise fell short of analysts’ expectations of

By Bryan Mena, CNN Washington (CNN) — The Trump administration is bailing out Argentina in a move critics are saying has more to do with politics than economics or American interests. That means $20 billion US taxpayer dollars will be used to bail out a country led by a close ally of President Donald Trump:

By John Liu, CNN Hong Kong (CNN) — Beijing has vowed countermeasures against Washington if US President Donald Trump makes good on his threat to impose new 100% tariffs on Chinese imports. Trump’s latest threat came after China unleashed a raft of export restrictions on rare earth minerals last week. The escalating tensions threaten to

By Auzinea Bacon, CNN (CNN) — President Donald Trump’s threat to impose an additional 100% tariff on imports from China sparked a massive cryptocurrency sell-off late Friday that exposed risky leverage in the space. Digital currencies bitcoin, ether and solana were among the most affected cryptocurrencies, bringing total liquidations to $18.28 billion as of 3:47

By Ramishah Maruf, CNN New York (CNN) — The US trade war with China has a major sticking point: rare earth minerals. China increased its restrictions on its rare earth exports Thursday, leading US President Donald Trump to threaten economic retaliation and imply he would cancel a meeting with Chinese President Xi Jinping during an

By Auzinea Bacon, CNN (CNN) — Tech giant Nvidia is the world’s leading artificial-intelligence chipmaker, but the company’s success has also put it in the crossfire of trade tensions. The Santa Clara, California-based company, which is approaching a market capitalization of $5 trillion, has seen rapid growth due to its chips, which are predominantly used

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump announced he will impose an additional 100% tariff on goods from China, on top of the 30% tariffs already in effect, starting November 1 or sooner. The threat is a massive escalation after months of a trade truce between the two nations. “The United States of

By Vanessa Yurkevich, CNN New York (CNN) — Build-A-Bear Workshop, the nearly 30-year-old toy brand, is having a breakout moment, eclipsing some of Wall Street’s biggest winners by targeting customers across a broad age range. The toy company’s revenue grew 11% in the second quarter to a record $124.2 million, and it even raised full-year

By John Towfighi, CNN New York (CNN) — US stocks closed sharply lower Friday after President Donald Trump threatened to hike tariffs on imports from China, reigniting fears of a trade war that rocked global markets earlier this year. The Dow fell 879 points, or 1.9%. The broader S&P 500 dropped 2.71% and the tech-heavy

By Bryan Mena, CNN Washington (CNN) — Persistent worries about the higher cost of living and few job opportunities pushed consumer sentiment down to its seventh-lowest level in October, on records going back to 1952. Consumer sentiment edged a hair lower early this month to a preliminary reading of 55, the University of Michigan said

By Bryan Mena, CNN Washington (CNN) — The roughly 20 plumbers of Oak Creek Plumbing & Remodeling in the Milwaukee, Wisconsin area don’t just bring toolkits with wrenches, pliers and Teflon tape to customers’ homes these days. They also bring a tablet equipped with the latest version of ChatGPT. The technology helps those workers automatically

By Samantha Delouya, Tami Luhby, Matt Egan, CNN (CNN) — The Bureau of Labor Statistics is calling some staff back to work to prepare its closely watched inflation gauge, the Consumer Price Index (CPI) report, despite the government shutdown, a Trump administration official told CNN. The CPI report, postponed from October 15 to October 24