Money

CNN By Catherine Thorbecke, CNN (CNN) — The agony wrought by the deadliest US wildfire in a century is only beginning in Lahaina, Hawaii, where the inferno virtually wiped the town off the map. Fear, anger and despair are setting in for some locals, who are now imploring that repair efforts should focus on not

By Brian Fung, CNN Washington (CNN) — The US government plans to rein in the vast data broker industry with new, privacy-focused regulations that aim to safeguard millions of Americans’ personal information from data breaches, violent criminals and even artificial intelligence chatbots. The coming proposal by the Consumer Financial Protection Bureau would extend existing regulations

By Jessie Gretener, CNN (CNN) — Female reproductive health experts are calling on Meta, the parent company of Facebook and Instagram, to rethink its restrictions on reproductive health content. The company has long faced criticism for removing and restricting female reproductive health information with a prominent report from the Center for Intimacy Justice early last

By Jordan Valinsky, CNN Business New York (CNN) — US Treasury Secretary Janet Yellen ate a “magic mushroom” on a recent trip to Beijing, but the aftereffects don’t sound that special. CNN’s Erin Burnett spoke to her Monday, asking about the “mushroom experience” that set off a social media frenzy and dramatically boosted business for

CNN By Jordan Valinsky, CNN Business New York (CNN) — US Treasury Secretary Janet Yellen ate a “magic mushroom” on a recent trip to Beijing, but the aftereffects don’t sound that special. CNN’s Erin Burnett spoke to her Monday, asking about the “mushroom experience” that set off a social media frenzy and dramatically boosted business

By Bryan Mena, CNN Washington, DC (CNN) — Spending at US retailers rose in July at a much faster pace than in the prior month, a combination of both strong demand among American consumers and higher prices because of elevated inflation. It was also the fourth straight month that retail sales increased. Retail sales, which

By Nathaniel Meyersohn and Anna Bahney, CNN New York (CNN) — Home Depot’s sales dropped 2% during its latest quarter as consumers took on fewer major home projects. Still, Warren Buffet is betting big on home builders. “We did see continued pressure in certain big-ticket, discretionary categories,” Home Depot CEO Ted Decker said in a

By Clare Duffy, CNN New York (CNN) — YouTube announced Tuesday that it will start removing false claims about cancer treatments as part of an ongoing effort to build out its medical misinformation policy. Under the updated policy, YouTube will prohibit “content that promotes cancer treatments proven to be harmful or ineffective, or content that

By Anna Cooban and Vasco Cotovio, CNN (CNN) — Russia’s central bank hiked its main interest rate by 3.5 percentage points to 12% Tuesday after the ruble hit a 17-month low the previous day. The ruble strengthened to 98 to the dollar following the announcement, after weakening to 102 Monday. The Bank of Russia said

By Hanna Ziady and Olesya Dmitracova, CNN London (CNN) — Wages in the United Kingdom grew 7.8% in the three months to June, the fastest annual rate since records began, the Office for National Statistics said Tuesday. “Coupled with lower inflation, this means the position on people’s real pay is recovering,” said ONS director of

By Michelle Toh, CNN Hong Kong (CNN) — Tesla is back to cutting prices in China, and investors don’t seem happy about it. Shares of the electric vehicle maker slipped Monday after it cut prices for some of its cars in the country again, reigniting a price war in the world’s biggest auto market. The

By Sara Smart, CNN (CNN) — A New Hampshire couple is suing Eataly Boston after a woman says she slipped and fell on a piece of prosciutto in the store, resulting in a broken ankle. The incident happened on October 7, 2022, when Alice Cohen was walking up to an area in the Eataly that

By Laura He, CNN Hong Kong (CNN) — China has suspended the release of monthly data on joblessness among young people, after the figure hit consecutive record highs in recent months amid a broader economic slump. The news, which drew immediate backlash and ridicule on social media, was announced by the National Bureau of Statistics

By Juliana Liu, CNN (CNN) — A month after exiting an ambitious project to help build one of India’s first chip factories, Taiwan’s Foxconn says it remains bullish about the world’s most populous nation and is planning “billions” of dollars in investments there, as multinationals seek to diversify their supply chains beyond China. Foxconn’s India

CNN, KWCH-DT By Jon Passantino, CNN (CNN) — Dozens of news organizations on Sunday condemned a police raid on a Kansas newspaper and its publisher’s home, sending a letter to the local police department’s chief urging him to immediately return all seized materials. The four-page letter, sent by the Reporters Committee for Freedom of the

By Brian Fung, CNN Washington, DC (CNN) — The Biden administration urged the Supreme Court on Monday to take up multiple cases involving state laws that restrict social media companies’ moderation of their own platforms, arguing the laws violate the First Amendment rights of companies such as Meta and Twitter. The US government’s brief adds

By Lauren del Valle and Kara Scannell, CNN (CNN) — Federal prosecutors in Manhattan filed another indictment against FTX co-founder Sam Bankman-Fried Monday, dropping another count against him. Prosecutors had previously indicated their plans to drop the one count of conspiracy to make unlawful campaign contributions against Bankman-Fried last month in a letter to the

By Anna Bahney, CNN Washington, DC (CNN) — After three straight years of sales growth, Home Depot went into reverse in the first quarter, and sales and profit are expected to tumble again in the second quarter when the company announces its earnings Tuesday. It might be because Americans have rarely felt worse about housing.

By Bryan Mena, CNN Washington, DC (CNN) — The chair of the Federal Deposit Insurance Corporation wants more aggressive oversight of large regional banks. Martin Gruenberg said the FDIC plans to propose a rule that would require banks with more than $50 billion in assets to provide certain information in the contingency plans they’re required