Money

By Anna Cooban, CNN London (CNN) — The European Union will lend Ukraine up to €35 billion ($39 billion), providing the lion’s share of a $50 billion loan agreed by G7 nations earlier this year. European Commission President Ursula von der Leyen announced the loan Friday in a post on X as part of her

By Samantha Delouya, CNN (CNN) — On Wednesday, the Federal Reserve cut interest rates for the first time since the early days of the COVID-19 pandemic, slashing its benchmark rate by half a percentage point and signaling more rate cuts by the end of the year. The housing market is one of the most interest-rate-sensitive

By Brian Stelter, CNN New York (CNN) — One of America’s most acclaimed magazine writers, Olivia Nuzzi of New York magazine, has been placed on leave while a “third-party review” is conducted after the publication said Nuzzi disclosed that she “had engaged in a personal relationship with a former subject relevant to the 2024 campaign

By Chris Lau, Marc Stewart and Martha Zhou, CNN Beijing/Hong Kong (CNN) — As a wedding photographer, Tan Mengmeng’s livelihood depends heavily on people getting married, capturing the joy and happiness of a couple’s love. But China’s marriage rate has been steadily declining and the 28-year-old, who runs a photography studio in central Henan province,

By Ramishah Maruf, CNN New York (CNN) — First, YouTube subjected viewers to longer unskippable ads. Now, not even pausing your screen will let users escape. The Google-owned platform confirmed Thursday that it has “widely rolled out Pause ads to all advertisers.” When the video is paused, an ad will pop up on the side

By Nathaniel Meyersohn, CNN New York (CNN) — Nike, struggling from rising competition and its own strategy mistakes, is making a major shakeup. The athletic giant announced Thursday that CEO John Donahoe will retire next month and will be replaced by Elliott Hill, a veteran former Nike executive. Nike’s stock rose 9% during after-hours trading

By Bryan Mena, CNN Washington (CNN) — Mortgage rates continued to decline this week, taking a little more pressure off America’s tight housing market as the Federal Reserve ramps up its efforts to keep the economy on an even keel. The standard, 30-year fixed-rate mortgage averaged 6.09% in the week ended September 19, Freddie Mac said Thursday, down from last week’s 6.20% and

By Krystal Hur, CNN New York (CNN) — Stocks jumped Thursday as investors cheered the Federal Reserve’s eye-popping half-point interest rate cut. The Dow closed 522 points, or 1.3%, higher, reaching a new record after passing the 42,000 level for the first time. The S&P 500 rose 1.7%, topping 5,700 for the first time and

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — The strike at Boeing by 33,000 members of the International Association of Machinists union, which reaches its seventh day today, has already cost the company and workers $572 million, according to an estimate from Anderson Economic Group. And the pace of losses will climb

By Matt Egan, CNN Washington (CNN) — One of the most powerful people on the planet has been blocked from selling one of his most prized assets. Until now. The restraints preventing former President Donald Trump from selling shares in his social media company are set to expire as soon as Thursday afternoon. This will

By Chris Lau, CNN Hong Kong (CNN) — Hong Kong aviation investigators say an engine problem that caused Cathay Pacific to ground its entire fleet of Airbus A350 jets for inspection earlier this month could have escalated into “extensive damage.” Cathay canceled dozens of flights in early September, citing the need to inspect its A350

By Liam Reilly, CNN New York (CNN) — Elon Musk is using his social media platform to promote misinformation about the presidential candidates in the lead up to the November election, amplifying false claims Wednesday about a Trump rally bomb threat and immigrants eating pets in Ohio. While Musk’s posting of provocative, incendiary content on X is nothing new,

By Jeanne Sahadi, CNN (CNN) — The Federal Reserve delivered a half percentage point interest rate cut on Wednesday – its first cut since March 2020. Wednesday’s move is expected to be the first of several rate cuts over the next year or two. But it alone may not immediately have a big impact on

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — Boeing is temporarily furloughing executives and other nonunion workers to save cash during the strike by 33,000 members of the International Association of Machinists, CEO Kelly Ortberg told employees in an email Wednesday. The furloughed employees will keep their benefits and they will be

By Jordan Valinsky, CNN New York (CNN) — Five contestants competing on a MrBeast-hosted reality competition show have filed a proposed class-action lawsuit against the YouTube star’s production company and Amazon, claiming they were denied pay, forced to participate in unsafe conditions and subjected to a “culture of misogyny and sexism.” The lawsuit was filed

By Jordan Valinsky, CNN New York (CNN) — With its line-up of sweet snacks, Hershey isn’t known as a purveyor of diet foods. However, the company’s newest products are made specifically for those on a fitness kick. As the use of weight-loss drugs — notably Ozempic and Wegovy — grows, the 130-year-old confectionery company is

By Anna Cooban, CNN London (CNN) — “Millions” of people could fall victim to scams using artificial intelligence to clone their voices, a UK bank has warned. Starling Bank, an online-only lender, said fraudsters are capable of using AI to replicate a person’s voice from just three seconds of audio found in, for example, a

By Hadas Gold, CNN New York (CNN) — Macollvie Neel, editor of the Haitian Times, was ready to start her workday from home on Monday when her doorbell rang. What she thought might be a delivery turned out to be more than a half-dozen police officers. “I looked and there were police cruisers outside my house,”