CNN – Business/Consumer

By Bryan Mena, CNN Washington, DC (CNN) — Federal Reserve Chair Jerome Powell is leaving the door open for additional interest rate hikes to defeat inflation, he said Thursday. “We know that ongoing progress toward our 2% goal is not assured: Inflation has given us a few head fakes,” Powell said at a conference hosted

By Jordan Valinsky, CNN New York (CNN) — Ticket and hotel room prices are falling sharply in Las Vegas as the gambling mecca preps to host its first Formula 1 Grand Prix race in four decades next week. Excitement has “started to fizzle” in recent weeks with a “big factor” being that driver Max Verstappen

By Vanessa Yurkevich, CNN New York (CNN) — Bangladesh has been gripped by violent protests for two weeks, as thousands of garment workers take to the streets to demand better wages for the country’s four million garment workers. Protesters clashed with police — resulting in the deaths of three workers. Unions there say police have

By Liam Reilly, CNN (CNN) — Vice Media, the one-time digital media darling that has seen its value and influence greatly diminish in recent years, moved on Thursday to further hollow out its once prestigious news division, shutting down several shows and laying off dozens of staffers. “To be clear, Vice News is not going

By Clare Duffy, CNN New York (CNN) — The Trevor Project, a suicide prevention organization for LGBTQ+ youth, is quitting social media site X, saying Thursday it is concerned about “increasing hate & vitriol on the platform targeting the LGBTQ community — the group we exist to serve.” “If you’d like to keep up with

By Anna Bahney, CNN Washington, DC (CNN) — Mortgage rates tumbled this week in the biggest one-week drop since last November. It’s the second straight week that rates have fallen, after rising for seven consecutive weeks. The 30-year fixed-rate mortgage fell to an average of 7.50% in the week ending November 9, down from 7.76% the week before,

By Oliver Darcy, CNN (CNN) — Jezebel, the punchy feminist blog with an outsized influence on internet culture, will suspend operations and lay off its staff effective immediately, its parent company G/O Media said Thursday as it announced broader restructuring in its portfolio of digital news outlets. Jim Spanfeller, chief executive of G/O Media, said

By Chris Isidore, CNN New York (CNN) — The Culinary union has reached a deal with MGM Resorts International covering 25,400 members, averting a strike at eight casinos that had been set to start Friday. The deal, announced in a tweet by the union, comes a day after a similar deal was reached with Caesars

By Alicia Wallace, CNN Minneapolis (CNN) — Ohio certainly wasn’t the first state to legalize recreational cannabis — 23 other states have done so since 2012 — but the Buckeye State’s arrival on that list could ultimately be quite consequential for the growing industry. Ohio voters’ approval of a legalization measure on Tuesday comes just

By Reuters (CNN) — Shell is suing Greenpeace for $2.1 million in damages after the environmental group’s activists boarded the company’s oil production vessel in transit at sea this year, according to Greenpeace and a document seen by Reuters. The British oil and gas major filed the claim in London’s High Court. Greenpeace activists boarded the vessel in January near

By Oliver Darcy, CNN (CNN) — Around 5pm ET on Wednesday, the heads of the major Hollywood studios went to the actors’ union with a not so subtle ask: Let us know by 8pm ET whether or not you accept the deal we have put on the table to end the strike. For more than

By Michelle Toh, CNN Hong Kong (CNN) — Consumer prices in China fell more than expected last month, sliding the country back into deflation and renewing concerns about the strength of the world’s second largest economy. The country’s National Bureau of Statistics (NBS) said Thursday that the consumer price index (CPI) edged down 0.2% in

By Laura He, CNN Hong Kong (CNN) — China’s wobbly economy has affected the world’s largest annual shopping event, and companies have launched an aggressive price war to woo customers. The Singles Day festival, also known as “Double 11,” was created by Alibaba in 2009 and has turned into a weeks-long shopping bonanza in China.

By Veronica Calderon, CNNE (CNN) — Apple co-founder Steve Wozniak was hospitalized in Mexico City on Wednesday, a source from the organizers of the World Business Forum (WBF), an event he attended in the country’s capital, told CNN En Español. The source said Wozniak, 73, was taken to the hospital at 3 p.m. local time after fainting

By Bryan Mena and Juliana Liu, CNN Washington/Hong Kong (CNN) — US Treasury Secretary Janet Yellen will meet Chinese Vice Premier He Lifeng to discuss the bilateral relationship between the world’s two largest economies and other global issues over two days starting Thursday. Yellen’s talks with China’s new economic tsar will set the stage for

By Oliver Darcy and Ramishah Maruf, CNN New York (CNN) — Hollywood actors have reached a tentative agreement with the major film and television studios to end their historic strike, the actors union announced Wednesday. The strike had shut down production across the industry for nearly four months and raised existential questions over the future

By Liam Reilly, CNN (CNN) — Los Angeles County has agreed to pay $700,000 to a public radio reporter who was slammed to the ground and arrested by sheriff’s deputies while covering a protest in 2020. Josie Huang, a radio journalist for LAist, reached the settlement agreement with Los Angeles County and the sheriff’s department

By Matt Egan, CNN New York (CNN) — A pair of Republicans leading powerful House committees are calling for the Department of Veterans Affairs to speed up efforts to decrease the agency’s reliance on China for medical supplies, CNN has learned. The Covid-19 pandemic laid bare a dangerous vulnerability in America’s medical supply chains that

By Samantha Delouya, CNN Los Angeles (CNN) — Disney said it would continue to dramatically cut costs as it looks to rebuild its business in a rapidly changing media environment. The company announced it would slash expenses by another $2 billion, adding to the $5.5 billion reduction it had previously announced, which included thousands of

By Nicole Goodkind, CNN New York (CNN) — US stocks ended the day mixed on Wednesday with investors focused predominantly on a flurry of corporate earnings reports in a week with a sparse schedule of economic data releases. The S&P 500 wobbled through the day but managed to hold on to its longest winning streak