Money

By Bryan Mena, CNN Washington, DC (CNN) — The Federal Reserve said Wednesday it would pause its historic rate-hiking campaign as it waits for the effects to trickle further through the economy, but signaled that additional rate hikes are likely this year. The vote to skip a rate increase this meeting was unanimous. Since March

CNN By Oliver Darcy, CNN (CNN) — The operation was devised on the eve of the arraignment. The chief judge presiding over the Miami federal court in which former President Donald Trump was arraigned on Tuesday had made the decision to prohibit electronics inside the courthouse, presenting a major hurdle for news organizations needing to

By Oliver Darcy, CNN (CNN) — The operation was devised on the eve of the arraignment. The chief judge presiding over the Miami federal court in which former President Donald Trump was arraigned on Tuesday had made the decision to prohibit electronics inside the courthouse, presenting a major hurdle for news organizations needing to quickly

By Catherine Thorbecke, CNN (CNN) — Amazon Web Services was briefly hit by a wide-ranging outage on Tuesday afternoon that impacted a large number of major websites, including the Boston Globe and New York City’s Metropolitan Transit Authority. The afternoon outage affected some news organization’s ability to publish coverage of former President Donald Trump’s court

By Samantha Delouya, CNN Los Angeles (CNN) — As the dust begins to settle on the Covid-fueled economic tumult of the last few years, one pandemic-era trend appears to be on its way out: The Great Resignation. Almost 50 million people quit their job in the two years following the worst of the pandemic, citing

By Samantha Murphy Kelly, CNN Business (CNN) — Amazon is experimenting with using artificial intelligence to sum up customer feedback about products on the site, with the potential to cut down on the time shoppers spend sifting through reviews before making a purchase. On the Amazon product page for Apple’s third-generation AirPods, for example, the

By Hanna Ziady, CNN London (CNN) — The number of people in work in the United Kingdom has climbed above its pre-pandemic level for the first time, reaching a record high. But that hasn’t plugged worker shortages that are pushing up wages and making Britain’s inflation problem harder to solve. Employment hit a record 33.1

By Bryan Mena, CNN Washington (CNN) — A greater number of small businesses are worried about inflation and future business conditions, according to a survey released Tuesday by the National Federation of Independent Business. If even more business owners become concerned about inflation in the coming months, then that might be a problem for the

By Laura He, CNN Hong Kong (CNN) — China’s central bank on Tuesday made a surprise cut to one of its key lending rates in a bid to shore up sputtering growth in the world’s second largest economy. The cut to the 7-day reverse repo rate — the first since August last year — will

By Ramishah Maruf, CNN New York (CNN) — Oracle (ORCL) founder Larry Ellison is reaping the benefits of artificial intelligence popularity, edging past Microsoft (MSFT) founder Bill Gates to land the number four spot on the Bloomberg Billionaires Index on Monday, according to Bloomberg. Ellison is now the world’s fourth-richest person, with a staggering $129.8

By Samantha Delouya, CNN (CNN) — Shopping mall operator Westfield said it plans to give up control of the San Francisco Centre mall after more than 20 years of operation in another sign of San Francisco’s economic struggles. The company attributed its decision to the “challenging operating conditions in downtown San Francisco, which have led

CNN By Elisabeth Buchwald, CNN New York (CNN) — May’s closely watched Consumer Price Index showed Tuesday that inflation has been cut by more than half from last year’s peak. On an annual basis, prices rose by 4% compared to a year ago. That’s a significant decline from April, when annual inflation was 4.9%. The