Money

CNN By Matt Egan New York (CNN Business) — Treasury Secretary Janet Yellen will warn Congress in a speech later Friday morning that a government shutdown would be “dangerous and unnecessary” because it would undermine the American economy and disrupt key government functions. The comments, shared first with CNN, represent the strongest warning to date

By Matt Egan New York (CNN Business) — Treasury Secretary Janet Yellen will warn Congress in a speech later Friday morning that a government shutdown would be “dangerous and unnecessary” because it would undermine the American economy and disrupt key government functions. The comments, shared first with CNN, represent the strongest warning to date from

By Jordan Valinsky, CNN New York (CNN) — Torrential rain affecting most of New York City is having an effect on area air travel. The Federal Aviation Administration has issued a ground stop for New York’s LaGuardia airport, holding departing flights because of flooding and heavy rain. As of 12:30 pm ET, there are about

By Chris Isidore, CNN New York (CNN) — The United Auto Workers union is expanding its strike to one additional assembly plant each at Ford and General Motors, but said progress in talks at Stellantis was keeping the union from expanding picket lines there. UAW President Shawn Fain said the new facilities that will go

By Bryan Mena, CNN Washington, DC (CNN) — Americans are taking notice of a possible government shutdown and the uncertainty of ongoing labor strikes, according to the University of Michigan’s latest consumer sentiment survey. The university’s Consumer Sentiment Index edged lower by 1.4 points in September, according to a final reading. That means US consumers

By Alicia Wallace, CNN Minneapolis (CNN) — Higher gas prices heated up overall inflation last month, but the Federal Reserve got some welcome news: Its preferred inflation gauge cooled to its lowest level in two years. The core Personal Consumption Expenditures index, a closely watched inflation measure that excludes gas and food prices, rose 3.9%

By Jordan Valinsky, CNN New York (CNN) — Blue Apron shares soared more than 130% Friday after the once-hot meal kit delivery service announced it was being acquired. Wonder Group, a food delivery startup led by former Walmart and Jet executive Marc Lore, is buying Blue Apron in a deal that gives shareholders $13 per

By Chris Liakos and Martin Goillandeau, CNN Paris (CNN) — French billionaire Bernard Arnault and Russian Oligarch Nikolai Sarkisov are under “preliminary investigation” for their alleged involvement in “transactions likely to constitute money-laundering offences,” the Paris Public Prosecutor’s Office told CNN. The Prosecutor’s Office confirmed earlier reporting from French publication Le Monde. As the subject

By Samantha Delouya, CNN Los Angeles (CNN) — Tens of thousands of unionized health care workers are set to walk off the job starting Wednesday if contract negotiations with their employer, Kaiser Permanente, fall through this weekend. Here are five things to know about the potential strike: This would be the largest ever health care

Analysis by Hanna Ziady, CNN London (CNN) — In 1913, Henry Ford’s moving assembly line transformed carmaking. Ford’s groundbreaking innovation drastically reduced the time it took to assemble a car, enabling mass production and slashing vehicle prices. More than a century later, carmaking is undergoing a similarly seismic shift. Only this time, Ford Motor Company

By Simone McCarthy (CNN) — Shipping containers from China are “piling up” in Russia amid a surge of Chinese goods flowing into the country as trade soars, a new analysis has found. Russia has an extra 150,000 shipping containers that importers are scrambling to return to China, logistics platform Container xChange said in a report

CNN By Ramishah Maruf, CNN New York (CNN) — Wall Street Journal reporter Evan Gershkovich remains “defiant” six months after he was detained in Russia on spying charges, which he and the Journal strenuously deny, his mother told CNN’s Anderson Cooper Thursday night. “He’s smiling. He understands what’s going on,” Ella Milman said. “And I

By Ramishah Maruf, CNN New York (CNN) — Wall Street Journal reporter Evan Gershkovich remains “defiant” six months after he was detained in Russia on spying charges, which he and the Journal strenuously deny, his mother told CNN’s Anderson Cooper Thursday night. “He’s smiling. He understands what’s going on,” Ella Milman said. “And I have

By Peter Valdes-Dapena, CNN (CNN) — The United States government’s Equal Employment Opportunity Commission sued Tesla Thursday alleging the automaker allowed repeated and overt displays of racism toward Black employees in its Fremont, California, factory. Racist slurs were allegedly used often by non-Black employees when speaking to Black employees at the factory, according to the

By Danielle Wiener-Bronner, Natasha Chen and Jack Hannah, CNN New York (CNN) — California is raising the minimum wage for fast food workers, marking a hard-won victory for those workers and union organizers. Amid chants of “when we fight, we win” from fast food employees and Service Employees International Union members in Los Angeles, California,

By Bryan Mena and Elisabeth Buchwald, CNN (CNN) — The Federal Reserve on Thursday admonished Tanner Winterhof, a former executive at VisionBank of Iowa, for allegedly falsifying documents, causing the bank to endure major losses. Despite VisionBank terminating him last year, Winterhof still managed to get another job at a bank. According to the Fed,

By Berry Wang and Jessie Yeung, CNN Hong Kong (CNN) — Artists across China are boycotting one of the country’s biggest social media platforms over complaints about its AI image generation tool. The controversy began in August when an illustrator who goes by the name Snow Fish accused the privately owned social media site Xiaohongshu

By Samantha Murphy Kelly, CNN Business (CNN) — Netflix will send out its last red envelope on Friday, marking an end to 25 years of mailing DVDs to members. The company announced earlier this year it is shutting down its DVD-by-mail service, 16 years after it gradually shifted its focus to streaming content online. Netflix

By Danielle Wiener-Bronner, CNN New York (CNN) — Girl Scout cookies are getting more expensive. In some places, at least. At least one New York State chapter, the Girl Scouts Heart of the Hudson, told troop parents and other members of the community in an email this week that all cookies will be sold for

By Clare Duffy, CNN (CNN) — Epic Games, the maker of Fortnite, said on Thursday that it will lay off 16% of its staff, around 830 employees, as it attempts to reverse what CEO Tim Sweeney called “unrealistic” spending. In a letter to employees Thursday, Sweeney said the video game company had been “spending way