Money

By Allison Morrow, CNN New York (CNN) — Anthropic’s debut on public markets will be unlike any that’s come before it, in ways that amount to either a once-in-a-generation opportunity — or a massive financial gamble, depending on whom you ask. The startup behind the Claude AI assistant on Tuesday set a price range for

Story by Reuters (Reuters) — China’s trade surplus surged past $1 trillion in the first 10 months as a global race to build AI infrastructure buoyed sales of high-tech products and helped offset weak domestic demand, a dynamic likely to sharpen tensions with major trading partners. The figures highlight Beijing’s growing reliance on overseas demand

By Brian Stelter, CNN (CNN) — Skydance will start selling HBO Max and Paramount+ together in a streaming bundle early next year, the company said Monday. It’s part of an industrywide trend toward bundling — and a prelude to further integration between the two streaming services. “Long-term, the plan is basically to bring them together,”

By Brian Stelter, CNN (CNN) — In 2024, Joe Rogan’s podcast was a platform for President Donald Trump, helping him win reelection. This year, it’s a place for a whistleblower-style conversation alleging “corruption” at the highest levels of the Trump administration. That’s quite a shift — and it doesn’t bode well for Trump’s final two

By Matt Egan, CNN New York (CNN) — Jensen Huang is not just the face of Nvidia. He’s arguably the most important person in the most critical industry on the planet. Huang masterminded Nvidia’s meteoric rise into a $4.5 trillion behemoth at the heart of the artificial intelligence boom. Huang is its irreplaceable hype man,

By Clare Duffy, David Goldman, Hadas Gold, Lisa Eadicicco, CNN (CNN) — Nvidia CEO Jensen Huang says he wants to die at his desk. He frequently talks about how integral he is to the foundation of the world’s second-biggest company and the world’s most important AI chipmaker. Soon, Nvidia may need to learn how to

By John Towfighi, CNN (CNN) — Wall Street rallied sharply on Monday, despite a 4% decline in Nvidia shares, as markets continued to rebound from last week’s steep sell-off. The Dow, S&P 500 and Nasdaq surged, buoyed by gains in shares across sectors, from tech to industrials. The S&P 500 rose 2.35% and had its

By Auzinea Bacon, Nina Giraldo, CNN New York (CNN) — On a recent afternoon in New York City, a small group watched as craftspeople in lab coats cleaned and carved small silver pieces under microscopes. One by one, they peered through a magnifying glass at the glittering golden plume of a diamond bird. There was

By Auzinea Bacon, Hadas Gold, Stephanie Yang, CNN (CNN) — Nvidia chief Jensen Huang has admitted to having an extramarital affair as his company announced it will investigate reports he was the “target of a foreign intelligence effort.” The separate statements come amid growing concern over Huang’s close relationship with an executive from Singapore-based tech

By Nathaniel Meyersohn, CNN New York (CNN) — QQ Nails opened its first salon in New York City twenty years ago. By 2020, QQ had grown to roughly 20 locations. It’s nearly doubled in size since the pandemic. Thirty-eight QQ salons now dot the city’s streets, with plans for dozens more. In one six block

By John Towfighi, CNN (CNN) — A $2.5 trillion wipeout for the Nasdaq Composite this week is reminding even the smallest investors just how reliant we’ve all become on the success of the artificial intelligence buildout. As AI stocks tumbled Thursday, the major indexes dropped sharply, with the Dow, S&P 500 and Nasdaq each posting

By Hanna Ziady, CNN When Russia invaded Ukraine in February 2022, the response from the United States and its allies was swift and brutal. The West launched an economic onslaught against the Kremlin, banning Russian imports, cutting Russia off from its payment systems and imposing a price cap on Russian oil sales to deplete the

By Jeanne Sahadi, CNN (CNN) — Food stamp policy analyst Abbey Graf had kind of an emotional moment when she saw the wealth management roadmap that certified financial planner Stacy Francis created based on her current income, expenses and savings. “I think I was in shock. I knew I was in a good place. But

By Jeanne Sahadi, CNN (CNN) — If you’re an independent contractor working for a few clients throughout the year, you have to be very intentional about building your retirement savings however you can. Certified financial planner Douglas Boneparth advises one independent worker about a temporary but annually recurring savings opportunity. A reader wrote: I work

By Alicia Wallace, CNN (CNN) — The US labor market has been amazingly resilient in the face of a barrage of economic shocks. The unemployment rate has been at or under 4.5% for a record-setting five years and Friday’s stronger-than-expected jobs report for October showed that employers are hiring at one of the fastest clips

By Allison Morrow, CNN New York (CNN) — Anthropic couldn’t have picked a worse time to pull off the biggest IPO the world has ever seen. Thursday marked one of the sharpest sell-offs on Wall Street in years. Tech stocks bore the brunt, but almost no equities were spared as fears of an AI slowdown

By Chris Isidore, CNN (CNN) — It looks like the end of the road for the Cybertruck. Elon Musk said Friday that Tesla will wind down production of the vehicle at its factory in Austin, Texas — the only plant that makes the polarizing truck. The change will start “around the middle of next year

By Brian Stelter, CNN (CNN) — President Donald Trump will appear on Sunday’s “60 Minutes” for his first in-depth interview since the Republican Party’s sweeping midterm losses. The interview with the CBS newsmagazine, the highest-rated news program on American TV, was taped on Friday morning. The interviewer was Ross Douthat, the former New York Times

By Alicia Wallace, CNN (CNN) — Job growth surpassed expectations in October, new data showed Friday, with the US economy adding 165,000 jobs. The unemployment rate fell to 4.1% from 4.2%, according to Bureau of Labor Statistics data. Job growth in the previous two months was stronger than initially reported, with a total of 84,000