Money

By Hanna Ziady, CNN London (CNN) — The Bank of England cut interest rates Thursday for the first time since the start of the pandemic, providing some relief to households squeezed by the highest borrowing costs in 16 years. The decision takes the benchmark interest rate in the United Kingdom to 5% from 5.25%, where

By Elisabeth Buchwald, CNN New York (CNN) — People are getting impatient with the Federal Reserve. For the past year, the Fed has kept interest rates at their highest level in more than two decades, making it more expensive to get a mortgage, borrow money and pay off debt. Now the central bank is mulling

By Erika Tulfo, CNN (CNN) — Tucked away in the mountainous highlands of Chiapas in southern Mexico, around 150 coffee farmers on the Edelmann family farm work with their hands for hours on end. The shade of tree canopies is the only barrier between their bodies and the summer sun. Tomas Edelmann, a fourth-generation coffee

By Hadas Gold, CNN New York (CNN) — London police are looking into allegations that recently installed Washington Post publisher Will Lewis oversaw the intentional mass deletion of emails more than a decade ago while he was tasked with cleaning up a phone hacking scandal that roiled Rupert Murdoch’s UK tabloids. In a piece published Wednesday in the Guardian,

By Ramishah Maruf, CNN New York (CNN) — Some Instagram posters got a shocking notification from the app Wednesday: Certain photos have been permanently deleted from the app’s Stories archives, unable to be recovered. “This story is no longer available,” some users saw on certain Stories. “Due to a technical issue, this story is no

By Erika Tulfo, CNN (CNN) — It’s a summer for single-digit dollar deals as IHOP and Denny’s join other big-name food chains in offering value menu options. The two companies are the latest restaurants trying to appeal to consumers being more selective with their dollars in the wake of price increases. IHOP announced this week

By Jeanne Sahadi, CNN New York (CNN) — The Federal Reserve on Wednesday did not lower its key interest rate, which has been sitting at a 23-year high for the last 12 months. But officials continue to signal that the central bank may do so soon — most likely in September. And the market expects

CNN By Jeanne Sahadi, CNN New York (CNN) — The Federal Reserve on Wednesday did not lower its key interest rate, which has been sitting at a 23-year high for the last 12 months. But officials continue to signal that the central bank may do so soon — most likely in September. And the market

By Matt Egan, CNN New York (CNN) — Millions of sports fans and concertgoers are being duped by a deceptive pricing scheme at StubHub that hides the true cost of tickets until the very last moment, according to a lawsuit filed Wednesday by Washington, DC Attorney General Brian Schwalb. The lawsuit accuses StubHub of deploying

By Anna Cooban, CNN London (CNN) — Entertaining the King of England is an expensive business, France is finding out. A sumptuous lobster dinner held to welcome Britain’s King Charles III to Paris last September cost the French president’s office nearly €475,000 ($515,000), according to accounts published on Monday by France’s public auditor. The lavish

By Chris Isidore, CNN New York (CNN) — The CEO of Delta Air Lines lashed out at cyber security firm CrowdStrike and software provider Microsoft for the computer problems that resulted in a five-day service meltdown he said cost the airline $500 million. “They haven’t offered us anything. Free consulting advice to help us,” said

By Chris Isidore, CNN New York (CNN) — Boeing named a new CEO Wednesday after reporting a core operating loss of $1.4 billion in the second quarter — more than triple the loss from a year ago — as increased scrutiny of the safety and quality of its planes kept the troubled company from making

By Jessie Gretener, CNN London (CNN) — Former BBC presenter Huw Edwards has pleaded guilty to having 41 indecent images of children on the messaging app WhatsApp, according to PA Media. Edwards appeared before London’s Westminster Magistrates’ Court on Wednesday, with PA reporting that the alleged offenses were committed between December 2020 and August 2021. The court heard that

By Clare Duffy, CNN New York (CNN) — There may soon be one fewer person standing between you and your Cheesy Gordita Crunch. Taco Bell is set to expand the use of artificial intelligence voice technology in its drive-thrus to hundreds of US locations by the end of this year, parent company Yum! Brands said

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve gave an important clue Wednesday that it will likely cut its benchmark lending rate in the coming months. The move would pave the way for lower borrowing costs for Americans on everything from mortgages and car loans to credit cards. While the central bank said

By Oliver Darcy, CNN New York (CNN) — The National Association of Black Journalists is trying its best to weather a storm of backlash. The organization on Tuesday drew a torrent of criticism over its decision to invite Donald Trump to sit for an interview at its annual convention in Chicago. The Wednesday afternoon Trump

By Nathaniel Meyersohn, CNN New York (CNN) — Consumers have reached their breaking point with $6 iced coffees and lemonades at Starbucks. Starbucks sales dropped 3% globally at stores open for at least a year, including a 2% drop in its home North America market. And that masked how steep the decline was for Starbucks

By Hadas Gold, CNN New York (CNN) — Norah O’Donnell will step down as anchor and managing editor of CBS Evening News following the November election, the veteran journalist told colleagues Tuesday in a memo. O’Donnell, who has helmed the venerable evening news program for nearly five years, will transition to a new role as

By Chris Isidore, CNN New York (CNN) — Spirit Airlines, the ultra-low cost carrier known for charging bargain-hunting passengers for anything and everything, is introducing business class seating – of a sort. The airline said it will allow customers to pay extra for what it’s calling “Go Big” class of tickets, for those passengers in

By Krystal Hur, CNN New York (CNN) — Bill Ackman, billionaire hedge fund manager and chief executive of Pershing Square Capital Management, is seeking $2 billion to take the company’s investment fund public. That’s significantly less than what Ackman said he had hoped to raise for his new fund — a rare opportunity for the