Money

By Sophie Tanno, CNN The BBC is seeking a swift resolution after Twitter branded it as “government funded media.” Britain’s national broadcaster is predominantly funded by UK households via a license fee, which is also required to watch non-BBC channels or live services. This is supplemented by income from commercial operations. The @BBC account —

By Krystal Hur, CNN There’s been a seismic shift in investor perspective: Bad news is no longer good news. For the past year, Wall Street has hoped for cool monthly economic data that would encourage the Federal Reserve to halt its aggressive pace of interest rate hikes to tame inflation. But at its March meeting

By Jeanne Sahadi, CNN As the economy slows, are employers starting to regain the upper hand in negotiations with employees and job seekers? Pay is always an issue, of course, but in the wake of the pandemic, so too is how much time employers want people to work on site versus how much they are

By Ramishah Maruf, CNN Starbucks is betting big on olive oil infused coffee, hoping customers will be enticed by the anomaly and the health benefits of extra virgin olive oil. “It is one of the biggest launches we’ve had in decades,” Brady Brewer, Starbucks’ chief marketing officer, told CNN. Former CEO Howard Schultz added in

By Bryan Mena, CNN A surprise production cut announcement this week from Saudi Arabia and several other OPEC+ oil producers complicates the Federal Reserve’s mission to cool the economy and could worsen inflation in the United States, economists say. Energy prices across the globe surged last year when Russia invaded Ukraine, fueling global inflation just

By Chris Boyette and Brian Fung, CNN The State University System of Florida Board of Governors has banned the social media app TikTok, along with some other software, applications, and developers, from use on university-owned devices “due to the continued and increasing landscape of cyber threats.” In a memo sent to state university system presidents

Bryan Mena, CNN The latest monthly jobs report showed that US hiring slowed in March but remained robust, with gains in service-providing businesses like bars and restaurants, but weakness in construction and manufacturing. Leisure and hospitality fueled last month’s growth in payrolls, a trend that has held firm since the economy started its recovery from

CNN, CNN BUSINESS By Bryan Mena and Alicia Wallace, CNN Washington, DC (CNN) — Florida is America’s inflation hotspot because of a persistent problem with sky-high housing costs. The Miami-Fort Lauderdale-West Palm Beach area has the highest inflation rate of metro areas with more than 2.5 million residents, with a 9% inflation rate for the

CNN By Oliver Darcy, CNN It all started with a little curiosity. A team of ProPublica reporters earlier this year began looking into the travel of various Supreme Court justices, not entirely sure what they would find, if anything. But after a little digging, the trio of journalists stumbled upon something that piqued their interest.

By Oliver Darcy, Marshall Cohen and Liam Reilly, CNN Fox asked a judge in court filings made public Thursday to prohibit references to the January 6 insurrection at the U.S. Capitol, as well as threats directed at employees of Dominion Voting Systems, when the $1.6 billion defamation lawsuit it faces from the election technology company

By Chris Isidore, CNN Airbus announced plans Thursday for a second final-assembly line in China, the latest sign that it has a lock on the key aviation market over rival Boeing. The announcement came as part of a state visit by French President Emmanuel Macron to China. The signing of the agreement by Airbus CEO

CNN By Nicole Goodkind, CNN The banking crisis caused by the recent collapse of Silicon Valley Bank and Signature Bank has increased the odds of a US recession, JPMorgan Chase CEO Jamie Dimon told CNN’s Poppy Harlow in an exclusive interview on Thursday. Speaking in his first interview since the failure of SVB, Dimon said

By Nicole Goodkind, CNN The banking crisis caused by the recent collapse of Silicon Valley Bank and Signature Bank has increased the odds of a US recession, JPMorgan Chase CEO Jamie Dimon told CNN’s Poppy Harlow in an exclusive interview on Thursday. Speaking in his first interview since the failure of SVB, Dimon said that

CNN By Nicole Goodkind, CNN Forget the banking crisis — Main Street’s retail investors have barreled into embattled bank stocks. It looks like nothing tempts people to bet on an industry more than bargain prices, even if they’re caused by the fear of imminent collapse. In January and February, trading in First Republic Bank stock