By Allison Morrow, CNN Business There’s little political risk in taxing hugely profitable oil companies to help consumers pay their exorbitant energy bills. But many economists are warning that such a tax could ultimately do more harm than good. See here: On Thursday, the UK slapped a 25% tax on the “extraordinary” profits of British
Continue ReadingBy Anneken Tappe, CNN Business Another key tracker of consumer prices took a breather in April, following in the footsteps of inflation indexes released earlier this month. Economists, the Federal Reserve, the Biden administration and the American people were all hopeful that March would prove to be the peak of the pandemic price hikes. The
Continue ReadingCNN By Anneken Tappe, CNN Business Another key tracker of consumer prices took a breather in April, following in the footsteps of inflation indexes released earlier this month. Economists, the Federal Reserve, the Biden administration and the American people were all hopeful that March would prove to be the peak of the pandemic price hikes.
Continue ReadingBy George Ramsay, CNN Two-time grand slam champion Simona Halep said she experienced a panic attack on the court as she lost to Qinwen Zheng in the second round of the French Open. Halep, who won her first major title at Roland Garros in 2018, looked in control of Thursday’s game when she won the
Continue ReadingCNN By George Ramsay, CNN Two-time grand slam champion Simona Halep said she experienced a panic attack on the court as she lost to Qinwen Zheng in the second round of the French Open. Halep, who won her first major title at Roland Garros in 2018, looked in control of Thursday’s game when she won
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By CHRISTOPHER RUGABER AP Economics Writer An inflation gauge closely tracked by the Federal Reserve rose 6.3% in April from a year earlier, the first slowdown since November 2020 and a sign that high prices may finally be moderating, at least for now. The inflation figure the Commerce Department reported Friday was below the four-decade
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By Nora Neus, Melissa Alonso and Claire Colbert, CNN An 11-year-old survivor of the Robb Elementary School massacre in Uvalde, Texas, feared the gunman would come back for her so she smeared herself in her friend’s blood and played dead. Miah Cerrillo spoke exclusively to CNN about her horrific experience that day inside the classroom
Continue ReadingBy David Goldman, CNN Business The manufacturer of a firearm used in the Robb Elementary School shooting said it will not attend the National Rifle Association convention Friday. “Daniel Defense is not attending the NRA meeting due to the horrifying tragedy in Uvalde, Texas, where one of our products was criminally misused,” said Steve Reed,
Continue ReadingCNN By Samantha Murphy Kelly, CNN Business A fuschia Bentley drives down a twisty desert road toward the entrance of the Neon Carnival, an after-party held each year during Coachella. Paris Hilton has arrived. Her hair is in pigtails, twisted in part with white flowers, and she’s wearing a sparkly pink romper that matches her
Continue ReadingBy Samantha Murphy Kelly, CNN Business A fuschia Bentley drives down a twisty desert road toward the entrance of the Neon Carnival, an after-party held each year during Coachella. Paris Hilton has arrived. Her hair is in pigtails, twisted in part with white flowers, and she’s wearing a sparkly pink romper that matches her platform
Continue Reading CNN By Nora Neus, Melissa Alonso and Claire Colbert, CNN An 11-year-old survivor of the Robb Elementary School massacre in Uvalde, Texas, feared the gunman would come back for her so she smeared herself in her friend’s blood and played dead. Miah Cerrillo spoke exclusively to CNN about her horrific experience that day inside the
Continue ReadingBy Marnie Hunter, CNN Gas prices and Covid cases are high as the US rolls into Memorial Day weekend and the busy summer travel season. The tangled web of global restrictions is still in play, but most Americans are planning to be out and about this summer. According to the US Travel Association, about six
Continue Reading By MARI YAMAGUCHI Associated Press TOKYO (AP) — Former Malaysian Prime Minister Mahathir Mohamad has criticized a new U.S.-led economic grouping, saying it is intended to isolate China and won’t benefit regional economic growth without Beijing. U.S. President Joe Biden launched the 13-nation Indo-Pacific Economic Framework earlier this week. He said it will help the
Continue Reading CNN By Travis Caldwell, Seán Federico-O’Murchú and Aditi Sangal, CNN The-CNN-Wire™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.
Continue Reading NEW YORK (AP) — Wall Street edged higher before markets opened early Friday, putting major benchmarks in a position for their first week of gains after a seven-week losing streak. Future contracts for the Dow Industrial Average rose less than 0.1% and the S&P 500 rose 0.2%. It would take a significant sell-off Friday to
Continue ReadingBy Angela Dewan, CNN The G7, which represents the world’s biggest advanced economies, agreed on Friday to achieve “predominantly decarbonized” electricity sectors by 2035, a goal that experts say is a major step in helping the world avert catastrophic climate change. G7 climate, energy and environment ministers made the new pledge in a 40-page communiqué
Continue ReadingBy Edward-Isaac Dovere, CNN Top White House aides have drafted the order for canceling some student loan debt, but they’re still waiting for President Joe Biden to make up his mind on whether to go forward with it. A pair of commencement speeches scheduled for this weekend might seem like a perfect setting for an
Continue ReadingCNN, CNNBUSINESS By Julia Horowitz, CNN Business Wealth taxes are never a popular rallying cry at Davos, a playground for billionaires, corporate titans and top politicians. But Gabriela Bucher, the executive director of Oxfam International, was still frustrated that this week’s World Economic Forum mostly looked the other way. High energy prices are putting massive
Continue ReadingBy Julia Horowitz, CNN Business Wealth taxes are never a popular rallying cry at Davos, a playground for billionaires, corporate titans and top politicians. But Gabriela Bucher, the executive director of Oxfam International, was still frustrated that this week’s World Economic Forum mostly looked the other way. High energy prices are putting massive strain on
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Melissa Velásquez Loaiza (CNN) — Las acciones de Rusia en Ucrania brindan evidencia suficiente para concluir que Moscú está incitando al genocidio y cometiendo atrocidades destinadas a destruir al pueblo ucraniano, según el primer informe independiente sobre denuncias de genocidio en ese paÃs. El informe legal, firmado por más de 30 destacados juristas y expertos
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