Money

By Olesya Dmitracova, CNN London (CNN) — James “Jes” Staley, the former JPMorgan Chase executive who was CEO of Barclays for six years, has been banned from holding senior roles in the UK financial services industry for misleading regulators about his relationship with disgraced financier Jeffrey Epstein. The Financial Conduct Authority has decided to fine

By Bryan Mena and Samantha Delouya, CNN (CNN) — Anton Korinek, an economics professor at the University of Virginia, tells the students he advises nowadays that they should really begin to master a flourishing technology expected to transform the field of economics. That technology is generative artificial intelligence, or “genAI” for short. Economists already utilize

By Laura He, CNN Hong Kong (CNN) — Fears that Evergrande’s debt woes are spreading into the wider financial industry have sparked a run on a regional bank in northern China, multiple state media outlets have reported. Depositors lined up at the bank in Cangzhou, in Hebei province, to withdraw their money, according to photos

By Rob McLean and Liam Reilly, CNN (CNN) — The Alliance of Motion Picture and Television Producers said late Wednesday that negotiations with SAG-AFTRA — the union representing about 160,000 actors — have been suspended. “After meaningful conversations, it is clear that the gap between the AMPTP and SAG-AFTRA is too great, and conversations are

By Oliver Darcy, CNN (CNN) — Helmets. Flak jackets. Press identification. Those are some of the tools that journalists covering the Israel-Hamas war are using to shield themselves from the unforgiving dangers of an active battlefield. But the gear only goes so far. Inside the Gaza Strip, a narrow sliver of the world that even

By Chris Isidore, CNN (CNN) — The United Auto Workers union surprised Ford with a major escalation of its strike, ordering workers off the job at the company’s largest plant. Late Wednesday night, the union told 8,700 workers to strike at the Kentucky Truck Plant, which builds some of Ford’s most important vehicles, including the

By Danielle Wiener-Bronner, CNN New York (CNN) — First, it was Girl Scout cookies. Now, inflation is hitting Chipotle’s burritos and tacos. “For the first time in over a year, we will be taking a modest price increase to offset inflation,” Laurie Schalow, Chipotle’s chief corporate affairs officer, said in a statement sent to CNN.

By Clare Duffy, CNN New York (CNN) — Microsoft plans to contest a US Internal Revenue Service request for an additional $28.9 billion in back taxes for the years 2004 to 2013, the company said in a securities filing Wednesday. The demand is the result of a yearslong audit by the IRS into Microsoft’s past

CNN By Samantha Murphy Kelly, CNN New York (CNN) — Schools in Israel, the UK and the US are advising parents to delete their children’s social media apps over concerns that Hamas militants will broadcast or disseminate disturbing videos of hostages who have been seized in recent days. A Tel Aviv school’s parent’s association said

By Matt Egan, CNN New York (CNN) — Anti-Defamation League CEO Jonathan Greenblatt slammed Corporate America’s response to the terror attacks on Israel as “disappointing at best, disastrous at worst.” “We have arguably the most vibrant commercial sector on the planet. That’s why it’s so troubling that in a moment where the issues are clear,

CNN By Chris Isidore and Allison Morrow, CNN New York (CNN) — August 2016 was, at the time, the planet’s hottest month on record. In Freehold, New Jersey, where Jim Klenk was driving his usual route for UPS, midday temperatures were hitting highs in the 80s and 90s. During one of those punishing late-summer days,

By Athena Jones and Brian Fung, CNN (CNN) — Two new bills meant to protect children’s mental health online by changing the way they are served content on social media and by limiting companies’ use of their data will be introduced in the New York state legislature, state and city leaders said Wednesday. New York

By Bryan Mena, CNN Washington, DC (CNN) — Most Federal Reserve officials said last month that they expect one more rate hike, according to minutes from their September policy meeting released Wednesday. Some officials said that how fast inflation cools in the coming months will determine how long rates remain elevated. “A majority of participants

By Alicia Wallace, CNN Minneapolis (CNN) — It’s October, and for millions of Americans, a familiar interloper has slid its way back into that pile of monthly bills: The federal student loan payment, which is resuming after a three-year reprieve. Economists say the loan payments alone aren’t expected to dent the economy. Instead, they’re more

By Anna Cooban, CNN London (CNN) — A pipeline ferrying natural gas between Finland and Estonia has become the focus of an international investigation into a potential act of sabotage, raising fresh concerns about the security of Europe’s energy infrastructure a year after explosions shut down the vital Nord Stream 1 pipeline. Gasgrid, Finland’s gas

By Parija Kavilanz, CNN New York (CNN) — A group of menstrual product makers announced on Wednesday that they have banded together to form “The Tampon Tax Back Coalition,” which they say is an effort to reimburse consumers the “unjust tax” on feminine hygiene products such as tampons, pads and menstrual cups. Shoppers pay sales

CNN By Bryan Mena, CNN Washington, DC (CNN) — Most Federal Reserve officials said last month that they expect one more rate hike, according to minutes from their September policy meeting released Wednesday. Some officials said that how fast inflation cools in the coming months will determine how long rates remain elevated. “A majority of

By Hanna Ziady, CNN London (CNN) — The war between Israel and Hamas is unlikely to have a significant impact on the global economy, US Treasury Secretary Janet Yellen said Wednesday. “While we are monitoring potential economic impacts from the crisis [in Israel], I’m not really thinking of that as a major driver of the

By Alicia Wallace, CNN Minneapolis (CNN) — Wholesale price increases of US goods and services jumped higher for a third consecutive month, influenced by still-high energy prices, according to data released Wednesday by the Bureau of Labor Statistics. The Producer Price Index, which measures the average price changes that businesses pay to suppliers, rose 2.2%

By Allison Morrow, CNN New York (CNN) — After more than nine hours of testimony over two days, Caroline Ellison, the most important witness in the government’s case against Sam Bankman-Fried, broke down as she described the final days of the crypto empire she helped build. Strangely, she said, even though it was “overall the