Money

By Anna Cooban, CNN London (CNN) — Europe’s natural gas prices have shot up by more than half so far in June following months of declines, in a troubling reminder of last year’s energy crisis. Benchmark gas futures prices have risen 52% since the start of this month to hit €35 ($38) per megawatt hour,

CNN By Bryan Mena, CNN Washington, DC (CNN) — Federal Reserve Chair Jerome Powell testified before the House Financial Services Committee on Wednesday as part of his semiannual report to both chambers of Congress. He is set to appear before the Senate Banking Committee on Thursday. Powell’s testimony came just one week after the central

By Liam Reilly, CNN New York (CNN) — Nexstar, the nation’s largest operator of local TV stations, said Thursday it is conducting an investigation after a news director at a Michigan station told its journalists to scale back its Pride Month coverage and “get both sides” on LGBTQ issues, saying their “polarizing” nature had upset

By Jordan Valinsky, CNN New York (CNN) — Bud Light’s parent company Anheuser-Busch has laid out a plan to appease beer distributors affected by two months of plunging sales sparked by an ongoing customer boycott. The company plans to provide financial assistance to its wholesalers, reimburse fuel for distributors’ trucks and launch a new ad

By Catherine Thorbecke, CNN (CNN) — Two weeks after members of Congress questioned OpenAI CEO Sam Altman about the potential for artificial intelligence tools to spread misinformation, disrupt elections and displace jobs, he and others in the industry went public with a much more frightening possibility: an AI apocalypse. Altman, whose company is behind the

By Michelle Toh, CNN Hong Kong (CNN) — A Beijing-based multinational lender is launching an internal review after Canada suspended its ties with the regional development bank, citing explosive claims that the Chinese Communist Party had infiltrated the institution. The Asian Infrastructure Investment Bank, billed as Asia’s answer to the World Bank, has “nothing to

By Chris Isidore, CNN New York (CNN) — Members of the Teamsters union voted overwhelmingly to authorize a strike at United Parcel Service in a vote announced Friday. But a strike is still more than seven weeks away, if it happens at all. The members at the country’s largest delivery service voted 97% in favor

By Michelle Toh, CNN Hong Kong (CNN) — Bill Gates and Xi Jinping met Friday, marking the Chinese leader’s first known one-on-one meeting with a Western business figure in years. Gates, the co-founder of Microsoft (MSFT) and world’s fifth-richest man, is in Beijing this week for his first trip to the Chinese capital since 2019,

By Michelle Toh and Issy Ronald, CNN (CNN) — Archewell Audio, the company of Prince Harry and Meghan, Duchess of Sussex, has announced the end of a multi-year partnership with Spotify in a joint statement released to CNN Friday. “Spotify and Archewell Audio have mutually agreed to part ways and are proud of the series

By Greg Wallace, CNN (CNN) — A series of controversial proposals to address the airline pilot shortage is complicating Congress’ consideration of a new slate of Federal Aviation Administration policies with one senator warning fellow lawmakers there will be blood on their hands if reduced pilot training causes a fatal accident. The measures presented by

By Natasha Chen, CNN (CNN) — Several hundred janitors marched to join writers on the picket line outside Sony Pictures and Amazon Studios Thursday, as some custodial staff have lost their jobs while productions are halted. According SEIU United Service Workers West, about 50 of its members in the Los Angeles area have been laid

CNN By Samantha Delouya, CNN (CNN) — The backlash to the proposed merger between the PGA Tour and LIV Golf intensified as Senate Finance Committee Chairman Ron Wyden, D-Oregon, opened an investigation into the deal on Thursday. The committee will probe the deal between the US-based PGA Tour and the Saudi Public Investment Fund-backed LIV

By Samantha Delouya, CNN (CNN) — The backlash to the proposed merger between the PGA Tour and LIV Golf intensified as Senate Finance Committee Chairman Ron Wyden, D-Oregon, opened an investigation into the deal on Thursday. The committee will probe the deal between the US-based PGA Tour and the Saudi Public Investment Fund-backed LIV Golf