Money

By Ramishah Maruf, CNN New York (CNN) — State Farm is stopping new home insurance sales in California, citing wildfire risks and skyrocketing construction costs, the company announced Friday. The insurance giant stopped accepting applications for all business and personal lines property and casualty insurance in California on May 27. However, State Farm’s decision does

By Elisabeth Buchwald, CNN New York (CNN) — You’d expect the stock market to surge after the White House and House Republicans reached a tentative deal to raise the debt ceiling, but markets may have other plans. The stock market, for the most part, has been ignoring the serious risks associated with the United States

By Samantha Delouya, CNN New York (CNN) — At long last, the White House and House Republicans have reached a tentative agreement to raise the debt ceiling. But a deal isn’t over yet: Congress still needs to vote on the deal – far from a guaranteed outcome – and President Joe Biden would need to

By Tara Subramaniam and Sania Farooqui, CNN New Delhi (CNN) — Sunil Kumar knows all about working hard to achieve a dream. The 28-year-old from India’s Haryana state already has two degrees – a bachelor’s and a master’s – and is working on a third, all with a view to landing a well-paid job in

By Ramishah Maruf, CNN New York (CNN) — The meteoric rise of ChatGPT is shaking up multiple industries – including law, as one attorney recently found out. Roberto Mata sued Avianca airlines for injuries he says he sustained from a serving cart while on the airline in 2019, claiming negligence by an employee. Steven Schwartz,

By Ramishah Maruf, CNN New York (CNN) — The White House and House GOP negotiators are rushing to finalize a deal to raise the country’s debt limit. On Friday, Treasury Secretary Janet Yellen warned the department will not have enough funds to pay all of the nation’s obligations in full and on time if a

By Danielle Wiener-Bronner, CNN New York (CNN) — Planning on squirting some ketchup on your hot dog at a barbecue this weekend? You may be seeing red. A 32-ounce bottle of ketchup went from $4.08 on average the week of May 16, 2022, to $5.22 in the week of May 15, 2023, according to Datasembly,

By Parija Kavilanz, CNN New York (CNN) — What’s the dress code of Summer 2023? Call it TikTok-approved coastal cowgirl aesthetic. Or, in other words, the Taylor Swift look. With the superstar entertainer pulling in record-breaking crowds for “The Eras Tour,” retailers across the country are marketing to “Swifties,” aggressively and inventively, as her 52-stadium

By Samantha Delouya, CNN (CNN) — Credit rating agencies are once again in the spotlight amid the ongoing high-stakes debt ceiling negotiations in Washington. As Democratic and Republican lawmakers remain deadlocked and the approaching “X-date” looms when the US Treasury’s funds run dry, there is an increasing risk of a downgrade to the United States’

CNN By Samantha Delouya, CNN (CNN) — Credit rating agencies are once again in the spotlight amid the ongoing high-stakes debt ceiling negotiations in Washington. As Democratic and Republican lawmakers remain deadlocked and the approaching “X-date” looms when the US Treasury’s funds run dry, there is an increasing risk of a downgrade to the United

By Danielle Wiener-Bronner, CNN New York (CNN) — When a Target distributor reached out to Erik Carnell last year about possibly placing his brand, Abprallen, in Target stores, he was thrilled. It was “the biggest opportunity of my career,” Carnell told CNN. “I was ecstatic at the thought of being able to share my stuff

CNN By Nathaniel Meyersohn, CNN New York (CNN) — Target’s stock has lost about a fifth of its value over the past two and half weeks. It’s not about what you may have heard. If you follow right-wing media or Twitter, you may have seen a lot of coverage recently about Target’s stock price falling

By Lauren del Valle, CNN New York (CNN) — A federal judge ruled Friday that the Manhattan District Attorney’s Office must turn over documents related to former JPMorgan Chase (JPM) executive James “Jes” Staley in response to a subpoena from the bank in ongoing federal lawsuits that allege JPMorgan enabled and benefited from longtime banking-client

CNN By Samantha Delouya, CNN New York (CNN) — At long last, the White House and House Republicans have reached a tentative agreement to raise the debt ceiling. But a deal isn’t over yet: Congress still needs to vote on the deal – far from a guaranteed outcome – and President Joe Biden would need

By Anna Bahney, CNN Washington, DC (CNN) — The credit ratings of US mortgage giants Freddie Mac and Fannie Mae were put on watch for possible downgrade by Fitch Ratings late Thursday. A downgrade is not expected to happen, as a deal to resolve the debt ceiling standoff continues to be worked out in Washington,

By Brian Fung, CNN Washington (CNN) — Twitter unveiled a new data access tier on Thursday aimed at attracting startups, after its decision to erect a paywall for developers and researchers prompted widespread backlash. But the new tier already has some describing it as “too little, too late.” The new paid tier, which the company

By Alicia Wallace, CNN Minneapolis (CNN) — The US economy has encountered some expected turbulence on inflation’s descent. The Federal Reserve’s preferred inflation gauge bounced higher in April, underscoring Fed Chair Jerome Powell’s warnings that reining in price hikes “is likely to be bumpy.” But with spending also heating up, Friday’s data from the Commerce