Money

By Samantha Delouya, CNN (CNN) — A deadlocked Washington that has taken America to the brink of default could jeopardize the United States’ perfect credit rating, Fitch said in a stern warning Wednesday. The credit ratings agency placed top-ranked US credit on rating watch negative, reflecting the uncertainty surrounding the current debt ceiling debate and

CNN By Brian Fung, CNN Washington (CNN) — A Fidelity fund has slashed its estimate of Twitter’s value amid ongoing chaos at the company, implying the social media platform may be worth only a third of its value compared to when Elon Musk acquired it in October. According to a monthly disclosure, Fidelity’s Blue Chip

CNN By Matt Egan, CNN New York (CNN) — Even though time is running out to get a debt ceiling deal through Congress, one of the key players that will decide the fate of America’s credit rating is convinced disaster will be averted. “We absolutely don’t think there will be a scenario where we cross

CNN By Brian Fung, CNN Washington (CNN) — Nearly a dozen Senate Democrats wrote to Google this week with questions about how it deletes users’ location history when they have visited sensitive locations such as abortion clinics, expressing concerns that the company may not have been consistently deleting the data as promised. The letter dated

By Brian Fung, CNN Washington (CNN) — Nearly a dozen Senate Democrats wrote to Google this week with questions about how it deletes users’ location history when they have visited sensitive locations such as abortion clinics, expressing concerns that the company may not have been consistently deleting the data as promised. The letter dated Monday

By Bryan Mena, CNN Washington, DC (CNN) — Federal Reserve officials were divided at their last meeting as to whether or not another rate hike was needed to slow the economy, according to minutes from the central bank’s May policymaking meeting, released Wednesday afternoon. The decision was ultimately unanimous, but officials seem to be moving

By Peter Valdes-Dapena, CNN (CNN) — In the new BMW 5-series sedan, unveiled Wednesday by the German luxury automaker, drivers will be able to change lanes on the highway just by looking to the side. The car’s optional Highway Assistant system allows drivers to go long distances on major highways without touching the steering wheel

By Ramishah Maruf, CNN New York (CNN) — With barely a week to go before the United States defaults on its debt for the first time in history, the White House and congressional leaders remain far apart on any deal. Failing to raise the debt ceiling would wreak havoc across the US economy and Americans’

By Clare Duffy, CNN New York (CNN) — Facebook-parent Meta on Wednesday began cutting employees in its business groups as part of a previously announced round of layoffs, according to social media posts from impacted workers. Meta employees in operations, project management, marketing, policy, communications and risk analytics announced on LinkedIn Wednesday morning that they

By Jeanne Sahadi, CNN New York (CNN) — When you’re using your hard-earned money to pay for goods and services, chances are you’re not in the mood for aggravation, nor in favor of a bait-and-switch routine. And yet … US consumers encountered plenty of both last year. The Consumer Federation of America on Wednesday put

CNN By Jordan Valinsky, CNN New York (CNN) — Netflix is officially beginning its crackdown on users who share passwords in the United States. The streaming video company on Tuesday said it is now sending out emails to all US subscribers who share passwords with people outside their household, as part of a long planned

By Elisabeth Buchwald, CNN New York (CNN) — Markets will want to breathe a sigh of relief if lawmakers can reach a deal on the debt ceiling to avoid a default. But markets can’t always get what they want. The stock market, for the most part, has been ignoring the serious risks associated with the

CNN 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

By Hanna Ziady, CNN London (CNN) — UK inflation dropped back below 10% in April but didn’t fall as sharply as economists were expecting, and one crucial measure of prices rose further to hit a 31-year high. Consumer prices rose 8.7% last month compared with a year ago, down from 10.1% in March, the Office