Money

By Allison Morrow, CNN New York (CNN) — Fox News on Wednesday acknowledged that an onscreen banner calling President Joe Biden a “wannabe dictator” was inappropriate and said it had taken steps to address the situation internally. “The chyron was taken down immediately and was addressed,” a Fox News spokesperson told CNN in a statement.

By Jeanne Sahadi, CNN New York (CNN) — After pushing interest rates up at a blistering pace — 10 straight hikes over 15 months — the Federal Reserve on Wednesday decided to hit the pause button at its latest meeting. Where does that leave consumers? Still facing high rates in many ways that directly affect

By Matt Egan, CNN Business New York (CNN Business) — Many top business leaders are seriously worried that artificial intelligence could pose an existential threat to humanity in the not-too-distant future. Forty-two percent of CEOs surveyed at the Yale CEO Summit this week say AI has the potential to destroy humanity five to ten years

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — Negotiators for UPS and the Teamsters union have reached a tentative agreement on a crucial issue in their contract talks: The shipping giant has finally agreed that new delivery vans will include air conditioning, starting with vans purchased next year. It will take an

By Danielle Wiener-Bronner and Kristina Sgueglia, CNN New York (CNN) — A jury on Monday found in favor of former Starbucks regional director Shannon Phillips, who sued the company for wrongfully firing her, claiming she was terminated for being White. Phillips, who worked for Starbucks for about 13 years and managed a region of stores

By Samantha Kelly (CNN) — Google wants to make it easier for online shoppers to know how clothing will look on them before making a purchase. The company on Wednesday announced a new virtual try-on feature that uses generative AI, the same technology underpinning a new crop of chatbots and image creation tools, to show

By Gregory Wallace (CNN) — New airliners will soon be required to have a second barrier between the passenger cabin and cockpit. The Federal Aviation Administration says it has finalized a rule requiring extra security for cockpits of newly-manufactured commercial aircraft. The secondary cockpit barrier rule will apply to passenger planes manufactured starting in the

By Anna Cooban, CNN London (CNN) — Global oil demand is projected to peak in the next few years even as some major energy companies announce plans to reinvigorate their fossil fuel businesses. The world’s appetite for oil is still rising, the International Energy Agency said in a report Wednesday, but annual growth is expected

By Matt Egan New York (CNN) — Democratic Sens. Elizabeth Warren and Ron Wyden are calling on the Justice Department’s antitrust division to inspect the controversial partnership between the PGA Tour and the Saudi Arabian Public Investment Fund. In a letter to senior DOJ officials on Tuesday, Warren and Wyden argued the deal will allow

By Brian Fung, CNN (CNN) — A widespread Reddit blackout affecting some of the site’s largest communities has continued into its third day with no signs of stopping, as a number of groups on the site vowed to remain closed off indefinitely to protest changes to the platform’s data policies. As of Wednesday afternoon, more

By Anna Cooban, CNN London (CNN) — Existing and aspiring UK homeowners are bracing for a fresh wave of misery as a rise in benchmark borrowing costs threatens to push up monthly mortgage payments. The yield on the country’s two-year government bonds — which is used to set interest rates on mortgages — jumped to

By Brian Fung, CNN (CNN) — Five US senators are set to reintroduce legislation Wednesday that would block companies including TikTok from transferring Americans’ personal data to countries such as China, as part of a proposed broadening of US export controls. The bipartisan bill led by Oregon Democratic Sen. Ron Wyden and Wyoming Republican Sen.

By Alicia Wallace, CNN Minneapolis (CNN) — US inflation at the wholesale level has cooled once again, this time landing well below its pre-pandemic average. The Producer Price Index showed that annual price increases seen by producers measured 1.1% for the 12 months ended in May, easing sharply from the 2.3% bump recorded in April,