By Vanessa Yurkevich, CNN (CNN) — Tamira Moncur didn’t fill up her tank at an Atlanta-area gas station last month because she was afraid she couldn’t afford it. The teacher, who works part-time as a Lyft driver, doesn’t know how long she can keep up the side gig if the price of gas keeps climbing.
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By Lisa Eadicicco, CNN (CNN) — Apple had never built anything so complex. But it was at a crossroads. “We were like, people are only going to carry one device. They’re going to have a cell phone with music, or they’re going to have an Apple product with music and communications,” said Tony Fadell, the
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By Brian Stelter, CNN (CNN) — A federal judge on Tuesday ruled that a key part of President Trump’s executive order targeting NPR and PBS was unconstitutional, blocking the administration from denying federal funds based on editorial viewpoint. The ruling will not reverse the Trump-led campaign to strip NPR and PBS stations of federal funding.
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By Alicia Wallace, CNN (CNN) — US businesses are adding workers at the weakest pace in 15 years, excluding the onset of the pandemic, new data showed Tuesday, a sign that there was an even deeper chill cutting through the labor market before the Middle East conflict threatened to shake the US economy. Hires as
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By Chris Isidore, CNN (CNN) — Warren Buffett said he doesn’t regret the billions he donated to the Gates Foundation despite revelations of the close ties between Bill Gates and convicted sex offender Jeffrey Epstein, but that he is no longer talking to his close friend Gates. “I wish that certain things hadn’t happened,” Buffett,
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By John Towfighi, CNN New York (CNN) — US stocks rallied sharply Tuesday to close out one of the roughest months and quarters in years. The Dow rose by 1,125 points, or 2.49%. The S&P 500 gained 2.9% and the tech-heavy Nasdaq Composite rose 3.8%. All three experienced their best trading day since May. The
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By Jordan Valinsky, CNN New York (CNN) — Hellmann’s owner Unilever is spinning off its food business and merging it with spice maker McCormick to create a grocery staples behemoth. The deal values the Uniliver brands at about $45 billion and McCormick at $21 billion. The merger comes at a difficult time for food companies.
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By Ivana Kottasová and Chris Isidore, CNN (CNN) — The war in the Middle East has pushed the average price Americans are paying for gas to $4.02 Tuesday, topping the $4 per gallon mark for the first time since 2022, according to AAA. Gas prices have surged since the United States and Israel launched their
Continue ReadingBy John Liu, Lisa Eadicicco, CNN Hong Kong/New York (CNN) — President Donald Trump arrived in the Middle East last spring, making deals that would vault the Gulf into the global race for artificial intelligence. Accompanied by an entourage of Big Tech CEOs during the trip from OpenAI’s Sam Altman to Amazon’s Andy Jassy, Trump
Continue ReadingStory by the Associated Press Toronto (AP) — Air Canada announced Monday that its CEO will retire later this year, after Michael Rousseau was criticized for his English-only message of condolence following this month’s deadly crash in New York. Canada’s largest airline, based in French-speaking Quebec, said that Rousseau, 68, told the board he will
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By Bryan Mena, CNN Washington (CNN) — It remains difficult for Americans to find a new job, especially among people in their 20s. Even internships for college students have become harder to secure these days. Over the past year and a half, employers across most industries have slammed the brakes on hiring as workers stay
Continue ReadingBy Anna Cooban, CNN London (CNN) — The world, hungry for oil, got a modest reprieve earlier this month when Saudi Arabia began diverting millions of barrels of crude —ordinarily destined for ships transiting the blockaded Strait of Hormuz — to its Red Sea port of Yanbu. But over the weekend Iran-backed Houthi militants entered
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By Jeanne Sahadi, CNN (CNN) — The Department of Labor unveiled on Monday a new proposed rule for 401(k) plan sponsors that want to offer plan participants the option of investing in private equity and other “alternative” investments like crypto and commodities. The proposed rule gives plan fiduciaries “maximum discretion and flexibility in selecting any
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By Bryan Mena, CNN Washington (CNN) — The Federal Reserve’s response to the US-Israeli war on Iran largely hinges on how the conflict affects Americans’ expectations about inflation, Chair Jerome Powell said Monday. “The tendency is to look through any kind of a supply shock,” he said during a moderated conversation hosted by Harvard University.
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By Hanna Ziady, John Towfighi, CNN London/New York (CNN) — Oil prices rose Monday, with US crude oil settling above $100 per barrel for the first time since July 2022, after comments by President Donald Trump and strikes against Israel by Iran-backed Houthi rebels deepened fears that the Middle East conflict may escalate further. WTI,
Continue ReadingBy John Towfighi, CNN New York (CNN) — The war in Iran has jolted financial markets, sending oil prices surging and stocks and bonds falling. The market gyrations can be dizzying. Here’s a look at how the Middle East conflict has impacted markets this month: Oil Oil prices have surged since the war began. Oil
Continue ReadingBy Auzinea Bacon, CNN (CNN) — Oil prices climbed Sunday after Tehran warned against a US ground invasion, despite President Donald Trump saying on Friday that negotiations would continue to end the war. Brent crude, the global benchmark, rose 2.47% to $107.92, while US crude rose 2.94% to $102.57. Iran’s parliament speaker on Sunday said
Continue ReadingBy Alicia Wallace, CNN (CNN) — US job growth was lackluster last year, but signs of stabilization, if not a rebound, were starting to emerge. Now, a war thousands of miles away not only interrupts that potential progress, but also threatens to knock the labor market further off course. It’s been four weeks since the
Continue ReadingBy Nathaniel Meyersohn, CNN New York (CNN) — Jamie Hagen believed the Great Freight Recession was finally over. Last year was a tough one for his South Dakota trucking company, Hell Bent Xpress. He was thinking about shutting down, his cash drained in the lean years that followed America’s post-pandemic shopping spree. But he refinanced
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By Clare Duffy, CNN New York (CNN) — Online safety advocates hope landmark trial verdicts this week can bring change to social media platforms they have warned about for years, after juries found Meta (and YouTube in one case) responsible for harms to kids and teens. “We’ve been telling our stories forever and people say,
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