Money

By Bryan Mena Washington, DC (CNN) — The Federal Reserve said Wednesday it will pause its rate hikes, keeping its benchmark lending rate at a 22-year high, while signaling fewer rate cuts next year. The move was widely expected, after the central bank signaled in recent weeks that it intended to wait for more data

By Jordan Valinsky, CNN New York (CNN) — Kraft Heinz is recalling about 83,000 cases of its individually wrapped Kraft Singles American cheese because they might pose a choking hazard. The company said in a statement that a “temporary issue” with one of its wrapping machines means a “thin strip of the individual film may

By Ella Nilsen and Krystina Shveda, CNN (CNN) — Millions of American homeowners could see insurance rates surge in the coming years in part due to worsening climate disasters, new data shows. An analysis of from nonprofit research group First Street Foundation found nearly 39 million homes and commercial properties – about 27% of properties

By Chris Isidore, CNN (CNN) — The union representing Canadian autoworkers at Ford has reached a tentative deal with the US automaker, keeping more than 5,000 union members on the job and providing some good news for an industry dealing with unprecedented labor disruptions. Details of the deal between Ford and Unifor, the Canadian union,

By Ramishah Maruf, CNN New York (CNN) — Stanford University said it will be returning gifts it received from bankrupt crypto exchange FTX “in their entirety,” after a lawsuit against founder Sam Bankman-Fried’s parents alleged the school received millions of dollars in donations. The school said it received the gifts from the FTX Foundation and

By Danielle Wiener-Bronner and Natasha Chen, CNN New York (CNN) — Disney is greatly expanding its investment into theme parks and cruises, the company said Tuesday. Over the next 10 years, it will pour $60 billion into its Disney Parks, Experiences and Products segment, according to an SEC filing which coincided with its investor summit

By Clare Duffy, CNN New York (CNN) — Millions of Fortnite users can now claim their small part of the $245 million that the game’s parent company agreed to pay as part of a settlement with the US Federal Trade Commission. Epic Games in December settled allegations with the FTC that it used deceptive tactics

By Liam Reilly, CNN (CNN) — Live sports is coming to Max. Warner Bros. Discovery announced Tuesday it will launch a live sports tier on its Max streaming service on October 5 that will give subscribers access to more than 300 live games a year. The “Bleacher Report Sports Add-On” will include a package of

By Olesya Dmitracova, CNN London (CNN) — Fraudsters have robbed Europe’s largest copper producer of €185 million ($198 million) worth of the metal, possibly with the help of insiders, the company said Tuesday. After carrying out an extraordinary inventory on August 31, Germany’s Aurubis found that it had paid inflated invoices for shipments of scrap

By Bryan Mena, CNN Washington, DC (CNN) — The Federal Reserve is expected to hold its benchmark lending rate steady this week as it waits for more data to understand how previous rate hikes are affecting the US economy. The central bank raised rates to a 22-year high in July. At the conclusion of its

CNN By Samantha Murphy Kelly, CNN Video by John General & Katherine Jennings, CNN (CNN) — The new iPhone 15 Pro lineup offers the typical slate of new features designed to persuade customers to upgrade: They’re slimmer and thinner than last year’s crop. The new cameras are professional-grade and the switch to USB-C charging will

By Samantha Murphy Kelly, CNN Video by John General & Katherine Jennings, CNN (CNN) — The new iPhone 15 Pro lineup offers the typical slate of new features designed to persuade customers to upgrade: They’re slimmer and thinner than last year’s crop. The new cameras are professional-grade and the switch to USB-C charging will make

By Anna Bahney, CNN Washington, DC (CNN) — US home building sank in August, dropping 11.3% from July levels, as mortgage rates stayed elevated amid lingering inflation. Housing starts, a measure of new-home construction, dropped to a seasonally adjusted annual rate of 1.283 million last month, well below expectations of 1.44 million, according to data

By Jordan Valinsky, CNN New York (CNN) — Instacart has set a price of $30 per share for its initial public offering, valuing the on-demand grocery delivery company at around $10 billion. The price is on the high end of expectations, which ranged from $28 to $30 a share. Instacart is expected to start trading

By Michelle Toh, CNN Hong Kong (CNN) — One of China’s leading property developers, Sunac, has filed for bankruptcy protection in the United States, shortly after winning approval from its creditors to restructure nearly $10 billion worth of debt. The company filed a petition for Chapter 15 protection with the US Bankruptcy Court for the

By Parija Kavilanz, CNN New York (CNN) — Crayola, a name synonymous with vibrantly colored crayons for more than a century, is going into the flower business. The crayon maker, a subsidiary of Hallmark Cards, on Tuesday announced the launch of Crayola Flowers, an online flower shop selling bright bouquets and boxed flowers. But there’s

By Clare Sebastian and Niamh Kennedy, CNN London (CNN) — YouTube is temporarily preventing comedian Russell Brand from making money from his videos following multiple allegations of rape and sexual assault against him. In a statement to CNN Tuesday, YouTube said it had “suspended monetization on Russell Brand’s channel” for violating its Creator Responsibility policy,

By Clare Duffy, CNN New York (CNN) — Google’s Bard artificial intelligence chatbot is evolving. The company on Tuesday announced a series of updates to Bard that will give the chatbot access to Google’s full suite of tools — including YouTube, Google Drive, Google Flights and others — to assist users in a wider variety

By Michelle Toh, CNN Hong Kong (CNN) — Starbucks says it has poured more than $200 million into a new campus in China, in a sign of how the Chinese consumer remains crucial to the global coffee chain despite a major economic slowdown. The beverage giant opened the massive facility in eastern China on Tuesday