Money

By Hanna Ziady, CNN London (CNN) — The ruble hit a 17-month low against the dollar Monday, highlighting the growing squeeze on Russia’s economy from Western sanctions and a slump in export revenues. The Russian currency has lost nearly 40% of its value this year, weakening past 100 rubles to the dollar, as Moscow’s war

By Laura He, CNN Hong Kong (CNN) — Country Garden, one of China’s top property developers, suspended trading in 11 of its onshore bonds on Monday, adding to speculation the company may be preparing to restructure its debt as it struggles to raise enough cash in time to avoid default. Shares in Country Garden plummeted

CNN By Laura He, CNN Hong Kong (CNN) — Country Garden, one of China’s top property developers, suspended trading in 11 of its onshore bonds on Monday, adding to speculation the company may be preparing to restructure its debt as it struggles to raise enough cash in time to avoid default. Shares in Country Garden

By Jon Passantino, CNN (CNN) — Dozens of news organizations on Sunday condemned a police raid on a Kansas newspaper and its publisher’s home, sending a letter to the local police department’s chief urging him to immediately return all seized materials. The four-page letter, sent by the Reporters Committee for Freedom of the Press to

CNN, KWCH-DT By Jon Passantino, CNN (CNN) — Dozens of news organizations on Sunday condemned a police raid on a Kansas newspaper and its publisher’s home, sending a letter to the local police department’s chief urging him to immediately return all seized materials. The four-page letter, sent by the Reporters Committee for Freedom of the

By Oliver Darcy, CNN Business (CNN) — CBS News President and co-head Neeraj Khemlani, who has led the Tiffany Network’s news division and local TV stations for a little more than two years, abruptly announced Sunday that he would step down from his role. “I have some news to share today, and I don’t want

By Jennifer Korn, CNN New York (CNN) — “Barbie” has broken numerous records since its July 21 opening and the summer blockbuster is close to breaking another one. Trailing behind “The Super Mario Bros. Movie” by an estimated $48 million, writer-director Greta Gerwig’s “Barbie” appears destined to gain the top spot for highest grossing domestic

By Jennifer Korn, CNN New York (CNN) — United States Steel Corp. (X) is considering a sale after fielding acquisition offers, according to a news release Sunday from the company. The steel producer is under a formal review process after “receiving multiple unsolicited proposals” for both specific assets and the entire firm, the release announced.

By Eva Rothenberg, CNN New York (CNN) — The public’s anxiety over new AI technology is misguided, according to theoretical physicist Michio Kaku. In an interview with CNN’s Fareed Zakaria on Sunday, the futurologist said chatbots like OpenAI’s ChatGPT will benefit society and increase productivity. But fear has driven people to largely focus on the

By Danielle Wiener-Bronner, CNN New York (CNN) — In March 2020, many US restaurants had to shut their doors during the early days of the Covid pandemic in accordance with local restrictions. Now, over three years later, the restaurant industry is back. But the pandemic ushered in some changes that are here to stay. In

By Tami Luhby, CNN New York (CNN) — When the Arizona Food Bank Network received a call that Taylor Swift wanted to make a hefty donation to the charity as she kicked off her Eras tour in the state, some staffers thought it was a prank. But it was no joke. The megastar, who is

By Jennifer Korn New York (CNN) — Alexandra is a very attentive girlfriend. “Watching CUBS tonight?” she messages her boyfriend, but when he says he’s too busy to talk, she says, “Have fun, my hero!” Alexandra is not real. She is a customizable AI girlfriend on dating site Romance.AI. As artificial intelligence seeps into seemingly

By Eva Rothenberg, CNN New York (CNN) — Toyota has issued a voluntary recall for certain 2022 and 2023 Tundra and Tundra Hybrid trucks in its largest recall of 2023. The manufacturer announced Thursday 168,000 vehicles in the US have a plastic fuel tube which could “rub against a brake line and develop a fuel

By Catherine Thorbecke, CNN (CNN) — For months, Eveline Fröhlich, a visual artist based in Stuttgart, Germany, has been feeling “helpless” as she watched the rise of new artificial intelligence tools that threaten to put human artists out of work. Adding insult to injury is the fact that many of these AI models have been

By Elisabeth Buchwald, CNN New York (CNN) — If you’re sitting in rush-hour traffic in Arlington, Virginia, there’s a good chance you’ll spot Hunter Scott in his helmet and elbow pads scooting right past you on an adjacent path. For the past year, Scott, a 38-year-old Navy pilot doing work for the government until his

By Nathaniel Meyersohn, CNN New York (CNN) — A bedrock federal law designed to protect the environment and empower local communities is being weaponized to block progress on climate change, infrastructure and housing. The battle over New York City’s landmark congestion price plan is the latest example. After more than 50 years of efforts to

By Ramishah Maruf, CNN New York (CNN) — The early estimate of the areas encompassed by the devastating Maui wildfires includes about $1.3 billion of residencies, according to a recent preliminary estimate from CoreLogic. That figure tallies the “combined reconstruction value,” or how much it would cost to rebuild the structures in those preliminary areas.

By Samantha Delouya and Andy Rose, CNN (CNN) — Amazon founder Jeff Bezos and his fiancée Lauren Sánchez are pledging $100 million dollars to recovery efforts in Maui, Sánchez announced Friday on her Instagram account. “Jeff and I are heartbroken by what’s happening in Maui,” Sánchez wrote. “We are thinking of all the families that

By Oliver Darcy and Jon Passantino, CNN (CNN) — Fox Corporation on Friday said its top lawyer, Viet Dinh, will exit the company in a significant shakeup to its corporate ranks in the aftermath of the company’s historic $787 million settlement with election technology company Dominion Voting Systems. “We appreciate Viet’s many contributions and service