Money

By Diksha Madhok, CNN (CNN) — The US aviation industry has asked the Biden administration to pause approval of additional flights to and from China, saying Beijing’s “existing harmful anti-competitive policies” hurt American airlines and workers. “The competitive disadvantage is harmful to the approximately 315,000 workers employed by US passenger airlines that serve China,” according

By John Towfighi, CNN (CNN) — A children’s mini speaker is being recalled for potential burn and fire hazards. The Consumer Product Safety Commission announced April 11 that the Yoto Mini speaker for children is being voluntarily recalled because of a lithium-ion battery that can overheat and catch fire, posing burn and fire risks. Parents

By Chris Isidore, CNN New York (CNN) — Embattled airplane maker Boeing disclosed it lavished an additional $546,000 on the cost of personal air travel in recent years for four top executives, including CEO Dave Calhoun, who announced last month that he will leave the company by the end of the year. The increased spending

By Elisabeth Buchwald and Bryan Mena, CNN (CNN) — Interest rate cuts have been the main focus for Wall Street ever since the end of last year, when Federal Reserve officials indicated they intended to lower rates. But stubborn inflation now has some investors wondering about the exact opposite: a rate hike. Inflation slowed substantially

By Samantha Murphy Kelly, CNN (CNN) — Taylor Swift’s music is back on TikTok following an ongoing dispute with her music distributor Universal Music Group over royalties. The return of her songs on the popular social platform comes as she is set to release her latest and much-anticipated album, “The Tortured Poets Department,” next week.

By Bryan Mena, CNN Washington (CNN) — Mortgage rates drifted higher this week, and could increase further, in a sign that America’s affordability crisis isn’t letting up. The 30-year fixed-rate mortgage averaged 6.88% in the week ending April 11, up from 6.82% the previous week, according to Freddie Mac data released Thursday. A year ago,

By Parija Kavilanz, CNN New York (CNN) — California just raised the minimum wage for the state’s fast food sector workers by $4 to $20. As if on cue, it raised a familiar refrain that those workers would be replaced by technology, such as self-service kiosks. That’s likely to happen in some instances where business

By Jordan Valinsky, CNN New York (CNN) — Lyft and Uber have reversed plans to leave Minneapolis on May 1 after a new minimum wage for rideshare drivers, originally set to go into effect that day, was delayed two months after the city council passed a measure Thursday to extend the deadline. The issue stems

By Alicia Wallace, CNN (CNN) — A key US inflation gauge increased last month at its fastest pace since April 2023, showing that underlying price pressures remain persistent. The Producer Price Index, a closely watched measure of inflation at the wholesale level, rose 2.1% for the 12 months ended in March, up from a 1.6%

By Chris Isidore, CNN New York (CNN) — It’s been a brutal six years for Boeing, with two fatal jet crashes kicking off a series of safety crises — and raising concerns about the quality and safety of the planes rolling off its assembly lines. As Boeing scrambles to repair its reputation, some critics and

By Nathaniel Meyersohn, CNN New York (CNN) — These are tough times for two big US dollar store chains. In the past month, Family Dollar said it will close nearly 1,000 stores and 99 Cents Only said it will go out of business. Both companies said inflation and shoplifting have contributed to their troubles. While

By Matt Egan, CNN New York (CNN) — Tariff Man could be back in the White House next year – and he’s promising the sequel will be even bigger than the original. Former President Donald Trump, who labeled himself “Tariff Man” in 2018, has made clear he wants to pursue a more aggressive trade strategy

By David Goldman, CNN New York (CNN) — The Anti-Defamation League has graded 85 American universities for their policies to protect Jewish students from antisemitism on campus. It gave Harvard and 12 other schools an “F.” Just two schools got an “A.” Reports of antisemitism on college campuses across the United States have surged after

By Samantha Murphy Kelly, CNN (CNN) — Instagram is aiming to make it harder for potential scammers and criminals to coerce teens into sending nude photos and extort them for money. The company announced on Thursday it is testing new features to curb an alarming trend called financial sextortion, which often targets kids and teenagers.

By Jeanne Sahadi, CNN New York (CNN) — Feeling seen and accepted, and having your skills and talents appreciated, are both key ingredients for job satisfaction and employee retention. That’s one reason why it’s notable that a new study finds a full 40% of Hispanic and Latino/a professionals in corporate America say they feel it

By Bryan Mena, CNN Washington (CNN) — Federal Reserve officials said during their March policymaking meeting that inflation will likely continue to slow this year, according to minutes released Wednesday, but some still fretted over the possibility that inflation could remain stubbornly high. Those fears have now worsened, at least on Wall Street, which means that

By Barbie Latza Nadeau, CNN Rome (CNN) — A potato chip commercial that features nuns receiving the crispy snacks for communion is “blasphemy” and should be taken off the air, according to an Italian Catholic organization. The spot by Amica Chips features doe-eyed young nuns inside a convent delighting that their communion wafer, known as

By Nicole Goodkind, CNN New York (CNN) — US stocks fell sharply Wednesday after inflation data for March came in higher than expected. The blue-chip Dow closed 422 points, or 1.1% lower. The S&P 500 lost 1% and the tech-heavy Nasdaq Composite fell by 0.8%. US consumer prices picked up again last month, vaulting to a 3.5%

By Brian Fung, CNN (CNN) — The US government says that next month it can only pay about half of what low-income Americans are eligible for under a popular federal benefits program that is running out of money — a crisis that threatens to plunge millions of households into economic distress within weeks. The announcement by

By Alicia Wallace, CNN (CNN) — Surging gas prices and sky-high mortgages and rent sent inflation rising more than expected in March, adding to Americans’ prolonged and painful battle with high costs. That could force the Federal Reserve to keep its punishing rates higher for longer. US consumer prices picked up again last month, vaulting to a 3.5% increase for the