Money

By Allison Morrow and Lauren del Valle, CNN New York (CNN) — A federal judge revoked bail for FTX co-founder Sam Bankman-Fried, citing probable cause that the accused crypto fraudster attempted to tamper with witnesses. Bankman-Fried was remanded, at least temporarily, to the Metropolitan Detention Center in Brooklyn, while the parties sort out details of

By Matt Egan, CNN New York (CNN) — US inflation has had a snowballing effect on family budgets. The typical American household spent $709 more in July than they did two years ago to buy the same goods and services, according to Moody’s Analytics. That figure underscores the cumulative impact high inflation has had on

By Brian Fung, CNN Washington, DC (CNN) — Amazon has warned some of its US-based office workers that it is keeping a close eye on their in-person attendance at work, sending emails to those it believes are not complying with its return-to-office policies. The message highlights Amazon’s determination to enforce its rules amid an employee

By Bryan Mena, CNN Washington, DC (CNN) — Americans became slightly less optimistic about the economy this month, following two straight months of growing confidence. Consumer sentiment tracked by the University of Michigan fell to 71.2 in August from the prior month, down from a reading of 71.6 in July, according to a preliminary estimate.

CNN By Bryan Mena, CNN Washington, DC (CNN) — Americans became slightly less optimistic about the economy this month, following two straight months of growing confidence. Consumer sentiment tracked by the University of Michigan fell to 71.2 in August from the prior month, down from a reading of 71.6 in July, according to a preliminary

By Elliott Gotkine, CNN Tel Aviv, Israel (CNN) — Almost every weekend for more than 30 weeks, tens of thousands of Israelis have taken to the streets of Tel Aviv to protest against government plans to weaken the judiciary and chip away at the independence of the Supreme Court. Among those protesters marching up Kaplan

By Alicia Wallace, CNN Minneapolis (CNN) — US wholesale inflation rose more than expected in July, reversing a yearlong cooling trend, the Bureau of Labor Statistics reported Friday. The Producer Price Index, which tracks the average change in prices that businesses pay to suppliers, rose 0.8% annually. That’s above June’s upwardly revised increase of 0.2%

By Olesya Dmitracova, CNN London (CNN) — Oil prices have soared about 20% since late June but they could go even higher this year if the OPEC+ alliance sticks to its policy of restraining crude production, the International Energy Agency (IEA) said Friday. In April, the Organization of the Petroleum Exporting Countries (OPEC) plus allies

By Nadia Bidarian, CNN (CNN) — California regulators gave approval Thursday to two rival robotaxi companies, Cruise and Waymo, to operate their driverless cars 24/7 across all of San Francisco and charge passengers for their services. The much-anticipated vote, which followed roughly six hours of public comment both for and against driverless taxis, came amid

By Olesya Dmitracova, CNN London (CNN) — The UK economy grew slightly in the three months to June 30, driven by strong rises in manufacturing and consumer and government spending. Gross domestic product increased 0.2% compared with the previous quarter, the Office for National Statistics said Friday, beating economists’ forecasts for zero growth. In the

By Michelle Toh, CNN Hong Kong (CNN) — One of China’s biggest property developers says it has burned through up to $7.6 billion in the first half of the year, compounding the crisis coursing through the country’s embattled real estate sector. Country Garden warned investors in a Hong Kong stock exchange filing Thursday that it

By Kathleen Magramo (CNN) — New Zealand’s government plans to compel large businesses to report the state of their gender pay gaps in a bid to increase equity in the workplace, the country’s Minister for Women Jan Tinetti announced Friday as the ruling Labour party gears up for an election fight. Around 900 businesses with

By Brian Fung and Devan Cole, CNN Washington, DC (CNN) — The Biden administration on Thursday defended its communications with social media giants in court, arguing those channels must stay open so that the federal government can help protect the public from threats to election security, Covid-19 misinformation and other dangers. The closely watched court

By Jon Passantino and Ramishah Maruf, CNN New York (CNN) — The Writers Guild of America and Hollywood studios have agreed to meet on Friday to resume negotiations for the first time since the writers went on strike in a landmark labor action that has crippled the entertainment industry for more than 100 days. In

By Samantha Delouya, CNN (CNN) — Residents of Maui have suffered widespread devastation as wildfires ravage the Hawaiian island, along with Hawaii’s Big Island. More than 50 people have been killed, homes and businesses have been wiped out, and nearly 11,000 customers are grappling with power outages. The fires, fanned in part by strong winds

By Samantha Murphy Kelly, CNN New York (CNN) — Portable mobile hotspots have arrived in Maui to help bring internet service to the thousands of people who may have been unable to call for help since the wildfires started to rage out of control on the island. Verizon told CNN on Thursday its teams are

By Anna Bahney, CNN Washington, DC (CNN) — US mortgage rates rose for the third week in a row but stayed just under the 7% threshold. The 30-year fixed-rate mortgage averaged 6.96% in the week ending August 10, up from 6.90% the week before, according to data from Freddie Mac released Thursday. A year ago,

By Darya Tarasova, Tim Lister and Radina Gigova, CNN The founder and former CEO of Russia’s largest internet company, Arkady Volozh, has slammed Vladimir Putin’s “barbaric” war in Ukraine, becoming one of the most prominent Russian businessmen to express criticism of what Russia still calls euphemistically its “special military operation.” “I’ve been asked a lot

By Danielle Wiener-Bronner, CNN New York (CNN) — Grocery prices ticked up 0.3% in July, after staying flat in June, driven largely by rising beef prices. From June to July, adjusted for seasonal swings, the price of uncooked beef roasts spiked 6.5%, according to data released by the Bureau of Labor Statistics Thursday. Uncooked beef

By Parija Kavilanz, CNN New York (CNN) — It’s Barbie’s world and you’re not escaping it. Pink, in all its rosy hues, has seeped into seemingly every aspect of our lifestyle — from shoes, clothing, candles and furniture to burgers, pasta and even Barbie sushi. Just this week, a restaurant in Los Angeles debuted a