Money

By Elisabeth Buchwald, CNN New York (CNN) — The United States is one step closer to losing its last perfect credit rating after Moody’s Investors Service changed the outlook of the nation’s debt to negative on Friday after markets closed. While the move does not automatically mean it will downgrade America’s creditworthiness, it increases the

By Matt Egan, CNN New York (CNN) — A Jewish legal rights advocacy group has alleged that the University of Pennsylvania and Wellesley College have violated federal civil rights law by allowing for discrimination against Jews. The Brandeis Center, a Jewish civil rights legal organization, filed civil rights complaints with the US Department of Education

By Jeanne Sahadi, CNN New York (CNN) — If you are someone who likes to plan ahead on your taxes, the IRS this week released the new inflation-adjusted income tax brackets and standard deduction amounts that will be in effect for tax year 2024. Translation: These are the numbers that will be relevant to the

By Caitlin Danaher, Max Foster and Lauren Said-Moorhouse, CNN London (CNN) — Britain’s High Court ruled Friday that the Duke of Sussex’s court case against the publisher of the Daily Mail newspaper over alleged unlawful information gathering can continue. Associated Newspapers Limited, which also publishes The Mail on Sunday and the MailOnline, had attempted to

By Chris Isidore, CNN New York (CNN) — Friday morning in Las Vegas saw labor peace, and not a threatened strike along the Strip, as the Culinary union has reached its third tentative labor deal in three days with a casino operator. The union that represents more than 35,000 cooks, food servers, bartenders, housekeepers and

By Nathaniel Meyersohn, CNN New York (CNN) — How much should you tip? It’s one of life’s great mysteries. But the majority of Americans say they tip 15% or less for a typical meal at a sit-down restaurant, according to a wide-ranging new poll on tipping attitudes from Pew Research Center. The poll surveyed nearly 12,000

By Bryan Mena, CNN Washington, DC (CNN) — Americans are becoming gloomier about the economy with interest rates at a 22-year high and economic growth widely expected to slow. The University of Michigan’s measure of consumer sentiment fell 5% in November, according to a preliminary reading released Friday. That was the fourth consecutive month that

By Jordan Valinsky, CNN New York (CNN) — Krispy Kreme is celebrating “World Kindness Day” today by giving out an extra sweet promotion. But there’s a catch. The chain is giving away a box of a dozen glazed donuts for free with no purchase necessary. But only the first 500 guests that visit each participating

By Anna Cooban, CNN London (CNN) — Britain’s economy stagnated in the third quarter — its weakest performance in a year — as activity in the real estate sector fell, weighed down by high interest rates. The zero growth in output in the July-to-September period, compared with the previous quarter, was mostly the result of a

By Ramishah Maruf, CNN New York (CNN) — Veterans Day honors active and former US service members. Usually, the federal holiday is celebrated on November 11. However, since that day falls on a Saturday this year, some will observe the holiday on Friday, November 10. Here’s what will be open and closed on Veterans Day

KENS, CECILIA NEATHERY, ADAM GREEN, CNN By Ramishah Maruf, CNN New York (CNN) — Veterans Day honors active and former US service members. Usually, the federal holiday is celebrated on November 11. However, since that day falls on a Saturday this year, some will observe the holiday on Friday, November 10. Here’s what will be

By Juliana Liu, CNN Hong Kong (CNN) — A US unit of the Industrial and Commercial Bank of China (ICBC) was hit by a ransomware attack this week that disrupted some of its systems, reportedly hitting liquidity in US Treasuries which may have contributed to a brief market sell-off on Thursday. ICBC Financial Services, which

By Chris Isidore, CNN New York (CNN) — General Motors, Stellantis and Ford have closed dozens of US plants since the beginning of this century. Only a handful have ever been brought back to life. Now the United Auto Workers union can add one more. That’s why US President Joe Biden attended a UAW rally

By Michelle Toh and Mengchen Zhang, CNN Hong Kong/Beijing (CNN) — Huawei has launched a new electric vehicle (EV) that is designed to take on Elon Musk’s Tesla. The Chinese tech giant began taking preorders of the Luxeed S7, its first sedan, on Thursday. Previously, it had sold SUVs. The car, which has developed with

By Oliver Darcy, CNN (CNN) — Four news organizations strongly denied on Thursday having had prior knowledge of Hamas’ Oct. 7 terror attack, after the Israeli government demanded answers from the press and stoked questions about their credibility over a thinly sourced report from an agenda-driven media monitoring group that insinuated news organizations knew about the

By Danielle Wiener-Bronner, CNN New York (CNN) — Julia Galliker learned out of the blue that there was a problem with milk carton supplies. The milk that goes in the cartons was perfectly fine. The problem is with the packaging its sold in: Namely, there’s suddenly not enough of it. For Galliker, executive vice president

By Samantha Murphy Kelly, CNN (CNN) — OpenAI said recent outages of its viral ChatGPT chatbot could be caused by targeted attacks on its servers. The company wrote on its website Wednesday evening it is “dealing with periodic outages due to an abnormal traffic pattern reflective of a DDoS attack.” A DDoS attack, or distributed

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