Money

By Chris Isidore, CNN Television and film studios, already dealing with a strike by the Writers Guild of America, started contract negotiations Wednesday with the Directors Guild of America. If those talks break down, they could lead to even broader work stoppages on film and television sets nationwide. SAG-AFTRA, the union that represents actors, is

By Matt Egan, CNN As leaders in Washington fail to make progress on a debt ceiling deal, Moody’s Analytics is warning of disastrous implications for American jobs if the United States defaults on its debt for an extended period. Treasury Secretary Janet Yellen has forecast that the United States could run out of cash and

By Oliver Darcy, CNN Business The voting technology company Smartmatic has subpoenaed Donald Trump’s 2020 presidential campaign for a wide array of documents as part of its $2.7 billion defamation lawsuit against Fox News over its airing of election lies. The subpoena, which was issued in April and made public in a court filing on

By Julia Horowitz, CNN US inspectors, after receiving access to auditors’ books for the first time, discovered significant shortcomings in audits of companies based in China and Hong Kong that are listed on US stock exchanges. The Public Company Accounting Oversight Board (PCAOB) said Wednesday that it uncovered major “deficiencies” after checking the work of

By Jeanne Sahadi, CNN Becoming a working adult after college or graduate school is exciting… and can be modestly terrifying if you’re supporting yourself for the first time. One way to curb fears is to take control of your finances. No matter how much you earn or how much you owe, adopting a few good

By Hanna Ziady, Jessie Gretener and Niamh Kennedy, CNN The publisher of UK tabloid the Daily Mirror has apologized to Prince Harry for using unlawful methods to gather information about his private life. In court documents published Wednesday on the first day of a phone hacking trial, Mirror Group Newspapers, which is now owned by

By Danielle Wiener-Bronner, CNN Grocery prices continued to fall last month, even as restaurant meals got more expensive, according to data released Wednesday by the Bureau of Labor Statistics. From March to April, grocery prices ticked down 0.2%, with many major food groups marking sharper declines. Dairy prices fell 0.7%, thanks to a 2% decline

By Peter Valdes-Dapena, CNN Business In America, “Ford truck” usually means the F-series, the best-selling truck here for decades. But in many parts of the world, it probably means the Ford Ranger. The Ranger is sold in 180 markets around the globe and, in 17 of them, it’s actually the best-seller in its class. In

By Elisabeth Buchwald, CNN Inflation is lower than it was a year ago. But you may not be feeling any less frustrated when you pay your bills. That’s because prices across all goods and services haven’t actually gone down. Instead, the pace of price increases slowed from a year ago. Overall, prices are still high

By Parija Kavilanz, CNN Brides and grooms, fret no more. While Bed Bath and Beyond and its popular wedding registry service teeter on the edge, Etsy is stepping in to fill any potential void. Etsy announced on Wednesday that the online marketplace for handcrafted items is launching its own wedding registry. In addition to selecting

By Alicia Wallace, CNN It’s been a two-year slog of enduring painfully high prices, but the light at the end of the tunnel just got slightly brighter for consumers. Annual inflation continued its slow-but-steady deceleration in April, according to the latest Consumer Price Index released Wednesday. The CPI climbed by 4.9% for the 12 months