Money

By Michelle Toh, CNN Hong Kong (CNN) — The Australian Broadcasting Corporation has apologized to journalist Stan Grant, who accused the network of failing to defend him from racist abuse, some of which followed his commentary on the coronation of King Charles III. Grant, who is one of the country’s most famous newscasters and a

By Laura He, CNN Hong Kong (CNN) — US chip maker Micron says a ban on selling to Chinese companies working on key infrastructure projects could cost it as much as a “high single digit” percentage of its annual revenue. Beijing announced the sanctions on Sunday, in a major escalation of an ongoing battle between

By Alicia Wallace, CNN Minneapolis (CNN) — US business economists are optimistic that the banking and debt ceiling turmoil won’t turn into full-blown crises; however, a majority of them also believe a recession is still in the cards — although likely starting later than previously thought, according to a new survey released Monday. About 59%

CNN By Alicia Wallace, CNN Minneapolis (CNN) — US business economists are optimistic that the banking and debt ceiling turmoil won’t turn into full-blown crises; however, a majority of them also believe a recession is still in the cards — although likely starting later than previously thought, according to a new survey released Monday. About

CNN 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

By Jasmine Wright and Aileen Graef, CNN (CNN) — Treasury Secretary Janet Yellen reaffirmed June 1 as the “hard deadline” for the US to raise the debt ceiling or risk defaulting on its obligations. “I indicated in my last letter to Congress that we expect to be unable to pay all of our bills in

By Catherine Thorbecke, CNN (CNN) — Keri Williams wouldn’t have her business without TikTok. She launched The Branded Pinto, her custom hat shop, about two years ago after a video she shared of one of her creations “blew up” on TikTok. Nearly all of her business still comes from the platform. But earlier this week,

By Samantha Murphy Kelly, CNN Business (CNN) — Chris Pantons is what you’d call a Google Pixel super fan. The Knoxville, Tennessee native loves the software, the camera, the virtual assistant, all of it. He even credits the phone’s car crash detection tool with saving his life a few years ago when he was in

By Nathaniel Meyersohn, CNN New York (CNN) — America is jammed with parking spots. Approximately 2 billion parking spots cover the country, enough to pave over the entire state of Connecticut. From baseball stadiums in Los Angeles to malls in Atlanta, parking lots are bigger than the buildings they surround. Cities have built so much

By Aya Elamroussi, CNN (CNN) — If you already spend hours scrolling through TikTok – let’s face it, who doesn’t? – then you might have just found your dream job. Influencer marketing agency Ubiquitous is looking to pay three people $100 per hour to go on a 10-hour TikTok watching session. The company is hoping

By Samantha Delouya, CNN New York (CNN) — The US government is barreling towards the day it can no longer pay its bills unless Congress passes legislation raising the debt ceiling. However, that so-called X-date may be on an accelerated timeline for some unlikely reasons. Earlier this year, the Congressional Budget Office estimated that the

By Matt Egan, CNN New York (CNN) — The US Chamber of Commerce is strongly pushing back against efforts from Sens. Bernie Sanders, Elizabeth Warren and other progressives to urge the White House to use the 14th Amendment to avoid a disastrous default. The Chamber, a pro-business trade group that often supports Republicans, sent President

By Ramishah Maruf, CNN New York (CNN) — American Airlines and JetBlue Airways have to break up their alliance on Northeast US flight routes, a US District Court judge ordered Friday. US District Judge Leo Sorokin ruled in favor of the the Justice Department, giving the Biden administration a victory in its years-long lawsuit against

By Bryan Mena, CNN Washington, DC (CNN) — It has been a busy week of public engagements for the Federal Reserve’s top officials. One thing has become clear: There is an intensifying debate about whether to hike again or pause at the next meeting. Some officials are concerned inflation isn’t cooling fast enough, which could

By Anna Cooban, CNN London (CNN) — The European Union is poised to impose a ban on imports of Russia’s diamonds — cutting off the world’s biggest diamond producer from one of its key markets. “Russian diamonds are not forever,” European Council President Charles Michel said on the sidelines of the G7 summit in Hiroshima,