Money

By Tami Luhby, CNN (CNN) — The nation will hit its roughly $36 trillion debt limit on Tuesday, when the Treasury Department will start taking extraordinary measures to allow the government to pay its bills, outgoing Treasury Secretary Janet Yellen said in a letter to congressional leaders on Friday. The notice comes just three days

By Hadas Gold, CNN New York (CNN) — CNN settled a lawsuit brought by a US Navy veteran over a 2021 segment on evacuations in Afghanistan on Friday, hours after a jury found the network liable for defaming him. The two-week trial was held in Bay County, Florida. A jury awarded the veteran, Zachary Young,

By Chris Isidore, CNN New York (CNN) — A recent rule change could cause insurance premiums to spike for homeowners across California, as the costs of the Los Angeles area wildfires are passed onto them in a way that was not allowed in the past. The hikes would come from a potential assessment likely to

By Clare Duffy, CNN New York (CNN) — The clock is ticking down on TikTok in America. A law that requires TikTok to find a new, non-Chinese owner or face a ban is scheduled to go into effect Sunday — and there is little indication the company is set to pull off a sale before

By Jordan Valinsky, CNN New York (CNN) — Problems with a third-party vendor that Capital One uses are affecting some bank customers’ ability to access money online and igniting anger on social media. The bank said in a statement to CNN that a “technical issue experienced by a third-party vendor” has “temporarily impacted” some of

By Jeanne Sahadi, CNN (CNN) — No part of the United States is spared the risk of extreme weather events, which have been hitting harder in recent years. From wildfires and tornadoes to hurricanes and flooding to prolonged heat waves, the potential damage from extreme weather to people, animals and property is high. Especially if

By Matt Egan, CNN New York (CNN) — Big Oil got its wish: Donald Trump is heading back to the White House, promising to turbocharge American fossil fuels by slashing red tape. As oil lobbyists eagerly game out how to dismantle regulation, the clean energy industry is bracing for trouble ahead. Trump has promised to

By Eric Cheung Hong Kong (CNN) — Chinese social media platform Xiaohongshu, also known as RedNote, has been hiring for a surprising position in recent days: English-language content moderators. That’s because a growing number of US users are creating new accounts there, driven in large part by a looming ban on TikTok, which is due

By Juliana Liu, Hassan Tayir and Nectar Gan, CNN Hong Kong (CNN) — China’s economy grew more than expected in the last three months of 2024, official data showed on Friday, as it awaits the likely imposition of fresh tariffs by US President-elect Donald Trump, who takes office next week. Much of the growth momentum

By Maria Sole Campinoti, CNN (CNN) — Spirit Airlines announced it will cut 200 jobs in an effort to reduce costs after filing for bankruptcy in November. The airlines filed for Chapter 11 bankruptcy protection due to challenges with debt, competition from other low-cost carriers, and failed merger attempts with other airlines. “We are executing

By Liam Reilly, CNN New York (CNN) — Apple is temporarily pulling its newly introduced artificial intelligence feature that summarizes news notifications after it repeatedly sent users error-filled headlines, sparking backlash from a news organization and press freedom groups. The rare reversal from the iPhone maker on its heavily marketed Apple Intelligence feature comes after

By Alicia Wallace, CNN (CNN) — When President-elect Donald Trump recently floated the idea of annexing Canada, a key reason he gave was a claim that the United States was “losing $200 billion a year” to its northern neighbor. Speaking at Mar-a-Lago last week, Trump didn’t specify what constituted the $200 billion, but he used

By Bryan Mena, CNN Washington (CNN) — Mortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting affordability challenges. The average rate on a standard, 30-year fixed mortgage was 7.04% in the week ending January 16, according to a survey of lenders released Thursday by Freddie

CNN By Bryan Mena, CNN Washington (CNN) — Mortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting affordability challenges. The average rate on a standard, 30-year fixed mortgage was 7.04% in the week ending January 16, according to a survey of lenders released Thursday by

By Tami Luhby, CNN (CNN) — In its first financial results since its insurance unit CEO was fatally shot in New York City, UnitedHealth Group reported Thursday weaker-than-expected fourth-quarter revenue, prompting its shares to fall in early morning trading despite quarterly profit beating projections. Andrew Witty, UnitedHealth Group’s CEO, defended the company’s commitment to its

By Brian Stelter, CNN New York (CNN) — The outgoing Democratic chair of the Federal Communications Commission is taking bold action on the way out the door, rejecting what she described as four efforts to weaponize the government’s TV licensing authority for political purposes. Activists on both the right and left may be disappointed. But