Money

CNN By Laura He and Hanna Ziady, CNN Hong Kong/London (CNN) — European stocks and oil prices gave up early gains Monday, but US stock futures stayed positive following weekend news of an agreement that could avert a catastrophic US debt default. Germany’s DAX (DAX) closed 0.2% lower, with France’s CAC 40 (CAC40) falling by

By Laura He and Hanna Ziady, CNN Hong Kong/London (CNN) — European stocks and oil prices gave up early gains Monday, but US stock futures stayed positive following weekend news of an agreement that could avert a catastrophic US debt default. Germany’s DAX (DAX) closed 0.2% lower, with France’s CAC 40 (CAC40) falling by a

By Anna Cooban, CNN London (CNN) — One of the hottest IPO markets this year is not in a country brimming with global tech giants, nor does it rank among the top 10 global economies by size. But Indonesia, a collection of islands with a big population and a fast-growing economy, sits on vast deposits

CNN By Ramishah Maruf, CNN New York (CNN) — The government needs to work faster to regulate AI, which has more potential for the good of humanity than any other invention preceding it, Brad Smith, Microsoft (MSFT) president and vice chair, said on CBS’ “Face the Nation” Sunday. Its uses are almost “ubiquitous” Smith said,

By Ramishah Maruf, CNN New York (CNN) — State Farm is stopping new home insurance sales in California, citing wildfire risks and skyrocketing construction costs, the company announced Friday. The insurance giant stopped accepting applications for all business and personal lines property and casualty insurance in California on May 27. However, State Farm’s decision does

By Elisabeth Buchwald, CNN New York (CNN) — You’d expect the stock market to surge after the White House and House Republicans reached a tentative deal to raise the debt ceiling, but markets may have other plans. The stock market, for the most part, has been ignoring the serious risks associated with the United States

By Samantha Delouya, CNN New York (CNN) — At long last, the White House and House Republicans have reached a tentative agreement to raise the debt ceiling. But a deal isn’t over yet: Congress still needs to vote on the deal – far from a guaranteed outcome – and President Joe Biden would need to

By Tara Subramaniam and Sania Farooqui, CNN New Delhi (CNN) — Sunil Kumar knows all about working hard to achieve a dream. The 28-year-old from India’s Haryana state already has two degrees – a bachelor’s and a master’s – and is working on a third, all with a view to landing a well-paid job in

By Ramishah Maruf, CNN New York (CNN) — The meteoric rise of ChatGPT is shaking up multiple industries – including law, as one attorney recently found out. Roberto Mata sued Avianca airlines for injuries he says he sustained from a serving cart while on the airline in 2019, claiming negligence by an employee. Steven Schwartz,

By Ramishah Maruf, CNN New York (CNN) — The White House and House GOP negotiators are rushing to finalize a deal to raise the country’s debt limit. On Friday, Treasury Secretary Janet Yellen warned the department will not have enough funds to pay all of the nation’s obligations in full and on time if a

By Danielle Wiener-Bronner, CNN New York (CNN) — Planning on squirting some ketchup on your hot dog at a barbecue this weekend? You may be seeing red. A 32-ounce bottle of ketchup went from $4.08 on average the week of May 16, 2022, to $5.22 in the week of May 15, 2023, according to Datasembly,

By Parija Kavilanz, CNN New York (CNN) — What’s the dress code of Summer 2023? Call it TikTok-approved coastal cowgirl aesthetic. Or, in other words, the Taylor Swift look. With the superstar entertainer pulling in record-breaking crowds for “The Eras Tour,” retailers across the country are marketing to “Swifties,” aggressively and inventively, as her 52-stadium

By Samantha Delouya, CNN (CNN) — Credit rating agencies are once again in the spotlight amid the ongoing high-stakes debt ceiling negotiations in Washington. As Democratic and Republican lawmakers remain deadlocked and the approaching “X-date” looms when the US Treasury’s funds run dry, there is an increasing risk of a downgrade to the United States’

CNN By Samantha Delouya, CNN (CNN) — Credit rating agencies are once again in the spotlight amid the ongoing high-stakes debt ceiling negotiations in Washington. As Democratic and Republican lawmakers remain deadlocked and the approaching “X-date” looms when the US Treasury’s funds run dry, there is an increasing risk of a downgrade to the United

By Danielle Wiener-Bronner, CNN New York (CNN) — When a Target distributor reached out to Erik Carnell last year about possibly placing his brand, Abprallen, in Target stores, he was thrilled. It was “the biggest opportunity of my career,” Carnell told CNN. “I was ecstatic at the thought of being able to share my stuff

CNN By Nathaniel Meyersohn, CNN New York (CNN) — Target’s stock has lost about a fifth of its value over the past two and half weeks. It’s not about what you may have heard. If you follow right-wing media or Twitter, you may have seen a lot of coverage recently about Target’s stock price falling

By Lauren del Valle, CNN New York (CNN) — A federal judge ruled Friday that the Manhattan District Attorney’s Office must turn over documents related to former JPMorgan Chase (JPM) executive James “Jes” Staley in response to a subpoena from the bank in ongoing federal lawsuits that allege JPMorgan enabled and benefited from longtime banking-client