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Latest Market News

  • National debt reaches grim $40 trillion milestone. Here’s why that matters
  • Trump pauses 50% Canada tariffs, says the two sides have a ‘deal’
  • Iran has lost significant control of the Strait of Hormuz

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  • Canada was the only country besides China to retaliate against President Donald Trump’s earlier tariffs.
    Cole Burston/AFP/Getty Images
    Trump postpones 50% tariff he threatened for some Canadian goods
  • Meta CEO Mark Zuckerberg in Los Angeles in March. The company is heading back to court to defend against a case from state attorneys general.
    Damian Dovarganes/AP/File
    Meta heads back to the courtroom to face its biggest social media addiction trial yet
  • OpenAI says its new "ChatGPT for Teens" experience will help young people have a safer, more positive experience on the platform.
    Klaus Vedfelt/Digital Vision/Getty Images
    OpenAI introduces ‘ChatGPT for Teens’ experience amid scrutiny over child safety
  • Jeanie Buss during the statue unveiling for former Lakers coach Pat Riley in Los Angeles on February 22.
    Keith Birmingham/MediaNews Group/Pasadena Star-News/Getty Images/File
    Buss family clashes over report of Lakers sale
  • The Paramount logo is displayed on a water tower at the Paramount Studios lot on July 13, 2026 in Los Angeles, California.
    Justin Sullivan/Getty Images
    Paramount wants a $1.9 billion bond from state AGs fighting the Warner Bros. merger

Top Stories

American shoppers aren't trading down. They're trading up into better products and services.
David Paul Morris/Bloomberg/Getty Images
Americans have more money. They’re done eating and shopping at places that suck
Conventional wisdom says that American consumers are struggling and they’re hunting for the lowest prices to save money.
World’s top humanoid maker and its dancing robots waltz towards record IPO listing in China
The world’s largest humanoid robot maker by sales is set to list in Shanghai on Wednesday, with the initial public offering already having raised 6.1 billion yuan ($905 million) and more than 8,000 times oversubscribed, a record for the city’s tech-focused STAR market, which is seen as China’s version of the Nasdaq.
• Video 3:43
Video 3:43
Video How much oil is actually moving through the Strait of Hormuz? 3:43
Is the Strait of Hormuz way more “open” than we thought? CNN’s David Goldman explains the debate brewing in the oil market.
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Your money

  • Strawberries sit for sale during a farmers market at the Ferry Building in San Francisco on July 16.
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    Americans could soon pay a lot more for strawberries
    Aug 17, 2026
  • Fog rolls by the Golden Gate Bridge in San Francisco, California, on May 20, 2026.
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    ‘A million dollars over asking’: AI wealth is fueling housing market frenzy in San Francisco
    Aug 17, 2026
  • A shopper inside a Hollister store in Walnut Creek, California, on Wednesday, July 15, 2026.
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    Frustrated US consumers cut their retail spending last month
    Aug 14, 2026
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War in Iran

Vessels near the Strait of Hormuz, as seen from Musandam, Oman, August 17, 2026.
Reuters
Iran has lost significant control of the Strait of Hormuz
The battle for control of the Strait of Hormuz has become the focal point of the Iran war. Over the past several months, both Iran and the United States have claimed the upper hand – and the competing rhetoric has caused considerable confusion and doubt.
  • An oil products tanker is anchored in the Strait of Hormuz on August 10, 2026 off the coast of Bandar Abbas, Iran.
    Ali Saeedi/Getty Images
    Wait… how much oil is actually leaving the Persian Gulf?
    Aug 17, 2026
    A debate is brewing in the oil market: Is the Strait of Hormuz way more “open” than we thought?
  • A sign displays the price of unleaded gasoline at an Exxon gas station in Washington, DC, on May 21, 2026.
    Alex Wroblewski/Bloomberg/Getty Images
    Exxon made $160 million per day last quarter as oil prices surged
    Jul 31, 2026
    ExxonMobil and Chevron, the two biggest US oil companies, reported gangbusters profits driven by the spike in global oil prices unleashed by the US-Iran war.
  • The Lutine Bell hangs in the center of the underwriting room at Lloyd's of London. The bell was recovered in 1858 from the wreck of the HMS Lutine, which sank in 1799.
    Chip Somodevilla/Getty Images
    Quills and conflict: How protection in the Strait of Hormuz is bought and sold
    Jul 10, 2026
    Inside a futuristic building in central London, leather-bound tomes contain quill-and-ink records of vessels lost at sea over the past 250 years.

Affordability in America

New York City Mayor Zohran Mamdani's plan to open public grocery stores strikes at a symbol of American abundance.
Adam Gray/Bloomberg/Getty Images
The obsession with ‘Mamdani marts’ isn’t about groceries
Whenever Mayor Zohran Mamdani offers new details about his plan to open five government-owned supermarkets in New York City, photos of Boris Yeltsin start circulating on social media.
  • Fog rolls by the Golden Gate Bridge in San Francisco, California, on May 20, 2026.
    Josh Edelson/AFP/Getty Images
    ‘A million dollars over asking’: AI wealth is fueling housing market frenzy in San Francisco
    Aug 17, 2026
    Fueled by the artificial intelligence boom, San Francisco and its suburbs are quickly becoming the hottest housing market in the country.
  • Workers apply roofing material to a home under construction at the Lilac Ridge community by Lennar Homes in Vacaville, California, US, on Tuesday, July 14, 2026.
    David Paul Morris/Bloomberg/Getty Images
    What the jobs report can’t tell us about the confounding economic moment
    Aug 7, 2026
    Scan the topline numbers of this month’s jobs report, and you’ll wind up with two wildly different impressions.
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    I’ve spent years studying economic data. These Americans taught me what ‘affordability’ really means
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    A Reporter’s Notebook from four cities, 5,000 miles, three dozen interviews and the people I can’t stop thinking about.
  • An Amazon Web Services data center in Haymarket, Virginia, on Wednesday, July 9, 2025. Total power usage in the US is expected to climb 2.15% in 2026, spurred largely by a 5% spike from commercial users because of the expansion of data centers, according to a US Energy Department report released in June.
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    AI is making your life more expensive. Here’s how
    Jul 28, 2026
    AI is raising prices for Americans – and not just electricity bills.

More top stories

  • A Tricolor dealership in Mesa, Arizona, on September 24, 2025.
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    SEC alleges executives fueled fraud at major subprime auto lender Tricolor
  • The autograph of Nvidia CEO Jensen Huang is displayed on a superchip during the Computex conference in Taipei, Taiwan, on Wednesday, May 21, 2025.
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    From heated rivalry to frenemies: Inside the cutthroat business of ruling tech in Asia
  • The US Treasury building in Washington, DC, on June 17, 2025.
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    Global bond markets are getting hammered. Here’s why that could make your life more expensive
  • A spool of packaging for Juicy Fruit Minis chewing gum.
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    How the humble barcode could help prevent the next cyclospora outbreak
The federal debt has crossed the 4$40 trillion threshold, according to the Treasury Department.
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National debt reaches grim $40 trillion milestone. Here’s why that matters
The United States is digging itself into an ever-deeper debt hole.
Bond market takes a breather after surprise move by Treasury Department
The Treasury Department made a surprise move Wednesday after bond yields hit their highest levels in almost two decades, doubling its planned purchases of longer-term bonds and easing pressure on the market.
Columbia House — yes, it still exists — is going out of business
Columbia House, a pioneer of subscription music before streaming, is shutting down after seven decades in business.
Jon Ossoff’s ‘travel with Natalie’ shows how candidates win attention in a culture of clips
Sen. Jon Ossoff knew exactly what he was doing by invoking President Trump’s “travel with Natalie” the other day.
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CNN Breaks it Down

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  • LOS ANGELES, CALIFORNIA - MAY 20: In this photo illustration, the OpenAI logo is reflected on the screen of a smartphone with the ChatGPT website displayed on May 20, 2026 in Los Angeles, California. OpenAI is reportedly preparing to confidentially file for an initial public offering in the coming days or weeks, with a public debut potentially targeted for September, as the ChatGPT maker works with Goldman Sachs and Morgan Stanley on what could become one of the most highly anticipated tech IPOs in recent years. (Photo Illustration by Justin Sullivan/Getty Images)
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    Video OpenAI rolling out ‘ChatGPT for Teens’ with safeguards 2:48
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Your Money

  • The IRS tax-filing deadline is tonight at 11:59 pm local time. If you're still trying to get your return in under the wire, having all your tax documents in order can make that easier. But if that's not possible, at least file for an automatic extension and pay whatever else you owe the IRS for 2024 by Tuesday night.
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    Not using these job interview tips can reduce your chances of getting that job
  • When the Federal Reserve starts cutting its overnight lending rate, it will affect the interest rates on your debts and your savings. But in some cases, those effects — positive or negative — may not be as large as you think.
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    Smart moves to make when the Fed starts cutting rates
  • Roughly 55 million people worldwide are living with dementia today, a number that is expected to rise to 139 million by 2050, according to the World Health Organization and Alzheimer's Disease International.
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    Early signs of dementia can show in your finances

Tech and AI

  • Hackers deployed an autonomous AI system to carry out cyberattacks on Taiwan, in what experts believe is the first known fully autonomous attack on government agencies.
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    Hackers used autonomous AI agents to attack Taiwan. Is this the future of cyberwarfare?
  • BURBANK, CALIFORNIA - AUGUST 03: An aerial view of a Flock Safety camera mounted to a light pole on August 03, 2026 in Burbank, California. Flock Safety's automated license plate reader cameras have been deployed in over 120,000 locations across 49 states, using artificial intelligence to identify vehicles by their license plates, make, model and color to help law enforcement investigate crimes, while also drawing criticism from privacy advocates over concerns about mass surveillance and the collection of motorists' location data. (Photo by Justin Sullivan/Getty Images)
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    Flock rolls out new police auditing and accountability controls following surveillance concerns
  • Sameer Samat, president of Google's Android ecosystem, speaks at a tech conference in San Francisco, California, on June 4, 2026.
    David Paul Morris/Bloomberg/Getty Images/File
    Google’s Android chief lays out his vision for how AI will change our smartphones
  • Meta CEO Mark Zuckerberg attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, on July 9, 2026.
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    Meta just picked a side in a big debate over the future of AI

Media

  • Burbank, CA, United States - May 03, 2026:
The ABC west headquarters is seen on Sunday, May 3, 2026 in Burbank, CA.  Disney-owned ABC is facing several layoffs as part of sweeping workforce reductions initiated under Disney's new CEO, Josh D'Amaro.
(Eric Thayer / Los Angeles Times via Getty Images)
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    Disney sues Trump’s FCC over ‘retaliatory campaign’ against ABC
  • David Ellison speaks during the Paramount Pictures 2026 CinemaCon Footage Presentation at Caesar's Palace in Las Vegas on Thursday, April 16, 2026.
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    Democrats intensify scrutiny of David Ellison amid Paramount–WBD legal battle
  • This photograph shows an old VC-25A Air Force One parked on the tarmac prior to departure with President Trump from Ankara, Turkey, on July 8, 2026, after attending the NATO Summit.
    Saul Loeb/AFP/Getty Images
    After Trump plane ruse, WHCA presses White House on press pool safeguards
  • FCC chair Brendan Carr said that the TV ownership cap will be replaced by a “case-by-case review” process, giving him more power over deals involving local TV stations.
    Kevin Dietsch/Getty Images
    FCC repeals national TV ownership cap, a win for Trump-aligned broadcasters

Housing

  • Mayor Zohran Mamdani is relying on private developers to help New York City build its way out of the housing crisis.
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    Zohran Mamdani’s capitalist plan to fix the housing crisis
  • Single family homes in a residential neighborhood in San Marcos, Texas, US, on Tuesday, March 12, 2024. The National Association of Realtors is scheduled to release existing homes sales figures on March 21.
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    Is it finally a buyer’s market? That depends where you look for a home
  • Construction workers build a home at a new housing development on July 1, 2025 in Hercules, California.
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    House passes housing affordability bill that softens institutional investor ban
  • Homes in Surfside, Florida, on August 20, 2025.
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    Robert Reffkin is changing the way Americans buy homes. Who do those changes help?
  • Artist rendering of the Lunar Outpost Mobile Autonomous Prospecting Platform (MAPP) rover with Nokia antennas extended. The images, data and telemetry collected by MAPP will be sent back to the Nova-C lander over the Nokia 4G/LTE network and then relayed to Earth. Mission controllers in Colorado will issue commands to the rover over the same connection.
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  • This photo taken on March 27, 2024 shows employees working on a car assembly line at a factory of Chinese carmaker Li Auto in Changzhou, in eastern China's Jiangsu province.
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    The electric car revolution is on track, says IEA
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  • A detailed view of the match ball prior to the Premier League match between Burnley FC and Arsenal FC at Turf Moor on February 17, 2024 in Burnley, England.
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    Top soccer clubs are using an AI-powered app to scout future stars
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  • New York City Mayor Zohran Mamdani wants to fix the city's public bathroom crisis.
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    Zohran Mamdani has big plans for housing, transit…and public bathrooms
  • Stocks slumped on Tuesday amid nerves about AI disrupting the software industry.
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    Anthropic’s new AI tool sends shudders through software stocks
  • A SpaceX rocket lifts off from the Kennedy Space Center. The Elon Musk-owned space company has purchased another one of Musk's companies, artificial intelligence firm xAI, with plans to put a network of 1 million AI data centers into orbit.
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    Elon Musk’s bold new plan to put AI in orbit isn’t as crazy as it sounds
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  • LOS ANGELES, CALIFORNIA - MAY 20: In this photo illustration, the OpenAI logo is reflected on the screen of a smartphone with the ChatGPT website displayed on May 20, 2026 in Los Angeles, California. OpenAI is reportedly preparing to confidentially file for an initial public offering in the coming days or weeks, with a public debut potentially targeted for September, as the ChatGPT maker works with Goldman Sachs and Morgan Stanley on what could become one of the most highly anticipated tech IPOs in recent years. (Photo Illustration by Justin Sullivan/Getty Images)
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