Money

By Anna Bahney, CNN Mortgage rates inched up again this week. Prior to last week’s rise, rates had dropped for five weeks in a row as inflation continues to ease. The 30-year fixed-rate mortgage averaged 6.43% in the week ending April 27, up slightly from 6.39% the week before, according to data from Freddie Mac

By Oliver Darcy John King will take on a new role at CNN and step down as the anchor of “Inside Politics,” handing the torch to Dana Bash, who will take over as anchor of the esteemed program later this year, the news network announced Thursday. King, who also serves as CNN’s chief national correspondent,

CNN By Hanna Ziady, CNN Barclays and Deutsche Bank have shrugged off a turbulent first quarter to post strong profit growth, helping to calm investors worried about the prospect of another US bank failure. The robust set of results was helped by income earned from higher interest rates, the lenders said Thursday. Shares in Barclays

By Nicole Goodkind, CNN First Republic Bank has been teetering on the edge for weeks. It may be finally falling. The San Francisco-based lender could be next in the line to collapse, following in the footsteps of former competitors Silicon Valley Bank and Signature Bank. It certainly fits the bill: First Republic, like SVB, is

By Rhea Mogul and Vedika Sud, CNN India’s defense minister told his Chinese counterpart on Thursday that violations of their shared border erode the “entire basis” of relations between the two Asian neighbors. Indian Defense Minister Rajnath Singh made the comments during a meeting with newly appointed Chinese Defense Minister Li Shangfu in New Delhi

By Manveena Suri and Rhea Mogul, CNN Ten policemen and a civilian were killed in blast as they were returning from an operation against insurgents in India’s central Chhattisgarh state, its chief minister said Wednesday. Rebel Maoist militants are believed to be responsible for the attack, Bhupesh Baghel told reporters, expressing his grief over the

By Simone McCarthy and Nectar Gan, CNN China has broadened the scope of its already sweeping counter-espionage law in a move that analysts warn could create further legal risks or uncertainty for foreign companies, journalists and academics. The changes expand the definition of espionage from covering state secrets and intelligence to any “documents, data, materials

CNN By Oliver Darcy, CNN Tucker Carlson broke his silence on Wednesday evening, posting a short video online after his abrupt firing from Fox News earlier in the week, but did not directly address his departure from the network nor his future. The right-wing media extremist didn’t say much in the rambling two-minute message, but

By Michelle Toh, CNN Chinese police have questioned staff at the Shanghai offices of Bain & Company, the US consultancy said Thursday, in a development that insiders say has alarmed the wider American business community in China. The news was confirmed one month after Chinese authorities closed the Beijing offices of Mintz Group, an American