CNN – Business/Consumer

By Hanna Ziady, Stephanie Yang, CNN London/Hong Kong (CNN) — The International Monetary Fund says the world will suffer an oil shortfall this year – even if the war with Iran were resolved this week – becoming the latest major economic body to warn of severe likely and potential impacts of the conflict. The fund

By Brian Stelter, CNN (CNN) — Ahmed Shihab-Eldin, a Kuwaiti-American journalist known for his work at VICE, HuffPost and Al Jazeera, has been detained in Kuwait, according to press freedom advocates, after sharing videos related to the Iran war. The arrest comes as Kuwait and other Gulf states have cracked down on individuals for posting

By Hadas Gold, CNN (CNN) — The suspect in the attack on the home of OpenAI CEO Sam Altman and the company’s headquarters was held without bail on Tuesday in California Superior Court, the Associated Press reported. His arraignment on charges of attempted murder and attempted arson was moved to May 5, according to the

By Brian Stelter, Liam Reilly, CNN (CNN) — Dianna Russini resigned from The Athletic on Tuesday, a week after the star NFL reporter was sidelined amid an internal investigation into her relationship with New England Patriots head coach Mike Vrabel. A spokesperson for The New York Times Company, which owns The Athletic, confirmed her resignation

By Liam Reilly, CNN (CNN) — The Pittsburgh Post-Gazette said Tuesday that it has been acquired by the Baltimore Banner’s publisher, rescuing the paper just weeks before it was set to shut down. The Venetoulis Institute for Local Journalism has reached a deal with Block Communications to acquire the 240-year-old newspaper, Bob Cohn, CEO of

By Bryan Mena, CNN Washington (CNN) — Former Federal Reserve Governor Kevin Warsh, who is President Donald Trump’s pick for the next Fed chair, is set to testify next week before the Senate Banking Committee. Sen. Tim Scott, a top Republican on the committee that approves nomineees to the central bank, teased in a Tuesday

By Alicia Wallace, CNN (CNN) — Fast-rising oil prices sent US businesses’ costs higher in March, lifting wholesale inflation to 4%, the highest annual rate in three years, according to Bureau of Labor Statistics data released Tuesday. The Producer Price Index, which measures the average change in prices received by producers of goods and services,

CNN, KGO, DEPARTMENT OF JUSTICE, GETTY IMAGES, KTRK By Hadas Gold, CNN (CNN) — The man who allegedly threw an incendiary device at the home of OpenAI CEO Sam Altman is facing attempted murder and attempted arson charges, authorities said Monday. Daniel Moreno-Gama, a 20-year-old from Texas, is accused of throwing an incendiary device at

By Hadas Gold, CNN (CNN) — The man who allegedly threw an incendiary device at the home of OpenAI CEO Sam Altman is facing attempted murder and attempted arson charges, authorities said Monday. Daniel Moreno-Gama, a 20-year-old from Texas, is accused of throwing an incendiary device at Altman’s home on Friday night, before going on

By Brian Stelter, Andrew Kirell, CNN (CNN) — A federal judge on Monday dismissed President Donald Trump’s defamation lawsuit against The Wall Street Journal over its reporting on a lewd birthday letter to Jeffrey Epstein bearing Trump’s name. US District Judge Darrin P. Gayles ruled that Trump failed to plausibly allege the Rupert Murdoch-owned newspaper

By Samantha Delouya, CNN (CNN) — Banning mega investors from buying single-family homes has accomplished a rare feat in Washington: bipartisan consensus. Many housing advocates blamed Wall Street firms buying up homes for a post-pandemic surge in housing costs. Now, with an executive order from President Donald Trump and a Senate bill advancing the idea,

By Hanna Ziady, CNN London (CNN) — Oil prices climbed Monday, after the US military said it would implement a shipping blockade against Iranian ports in the Strait of Hormuz — a move that could test the current ceasefire while further tightening global oil supply. Brent crude, the global oil benchmark, rose 7% to $102

By Auzinea Bacon, CNN (CNN) — IBM reached a settlement with the federal government on Friday, agreeing to pay roughly $17 million to resolve allegations of illegal diversity, equity and inclusion (DEI) practices. Acting Attorney General Todd Blanche announced the settlement agreement in a press release. The DOJ had alleged that the New York-based technology

By Hadas Gold, CNN (CNN) — A 20-year-old man has been arrested after a Molotov cocktail was thrown at the San Francisco home of OpenAI CEO Sam Altman early Friday morning. The incident happened around 4:00 am when a suspect “threw an incendiary destructive device” at Altman’s home, “causing a fire to one exterior gate”

By Amarachi Orie, CNN (CNN) — German discount grocery chain Lidl has begun building its first ever pub, which is expected to open this summer. The pub and its associated liquor store, located in Northern Ireland, will offer Lidl’s range of wines, beers, ciders, spirits and liqueurs, according to the retailer. The premises will be

By Bryan Mena, CNN Washington (CNN) — Consumer sentiment plummeted to its lowest level on record due to frustration with price spikes from the US-Israeli war with Iran. The University of Michigan’s latest consumer survey released Friday showed that sentiment declined 11% early this month to a reading of 47.6, lower than anything seen in

By Lisa Eadicicco, CNN (CNN) — Matt Shumer’s home computer setup is a little weirder than most. He and his roommate each have a mini Apple computer in the kitchen, both devices silently toiling away in the background. All Shumer has to do is give the virtual assistant running on his Mac Mini a broad