SpaceX, the Elon Musk-owned rocket company that merged earlier this year with his artificial intelligence company xAI, confidentially filed plans for an initial public offering Wednesday in what might be the largest of
Washington — Americans stepped up their spending at US retailers in February, after three consecutive months of declines, showing the US consumer hasn’t tapped out yet in the face of weak job growth and
Tamira Moncur didn’t fill up her tank at an Atlanta-area gas station last month because she was afraid she couldn’t afford it. The teacher, who works part-time as a Lyft driver, doesn’t know
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Apple had never built anything so complex. But it was at a crossroads. “We were like, people are only going to carry one device. They’re going to have a cell phone with music,
The war in Iran is reshaping industries, with oil prices surging as traffic through the Strait of Hormuz remains disrupted. CNN’s Kristie Lu Stout explains how the energy crisis is affecting plastic products
New York — The world economy is being held hostage by the de facto closure of the Strait of Hormuz. Gasoline, jet fuel and diesel prices have skyrocketed. Stock markets have tumbled, and recession
A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. New York — Oracle is reportedly laying off thousands of employees, adding
Markets are rallying on a familiar bet: That President Donald Trump will, once again, back down. (It’s not called TACO Tuesday for nothing.) The Dow, S&P 500 and the Nasdaq just had their
A federal judge on Tuesday ruled that a key part of President Trump’s executive order targeting NPR and PBS was unconstitutional, blocking the administration from denying federal funds based on editorial viewpoint. The
