Money

By Matt Egan, CNN New York (CNN) — Corporate America is breathing a sigh of relief after lawmakers narrowly avoided a chaotic shutdown of the federal government. Business leaders and economists had warned a shutdown would have hurt the economy by causing vast uncertainty, significant disruptions and hurting confidence. “While brinksmanship is never the answer,

By Anna Cooban, CNN London (CNN) — The head of the Organization of the Petroleum Exporting Countries — a group of the world’s major oil producers — told CNN Monday that a lack of investment in the oil industry posed a danger to global energy security and could send crude prices to $100 a barrel.

By Chris Liakos and Anna Cooban, CNN Paris/London (CNN) — A lawyer for Bernard Arnault has dismissed allegations of money laundering that triggered a preliminary investigation by French prosecutors into the billionaire’s dealings with a Russian businessman, saying they are “as absurd as they are unfounded.” On Friday, the Paris Public Prosecutor’s Office told CNN

By Allison Morrow, CNN New York (CNN) — Eleven months ago, Sam Bankman-Fried was living in the Bahamas as a crypto superstar, running a celebrity-backed startup, surrounded by fans and friends who believed he was the real deal: An MIT math whiz. A visionary who ditched the Wall Street track to chart his own course.

By Kelly McCleary, CNN (CNN) — Get your tickets ready: An estimated $1.04 billion dollar jackpot could be yours in Monday night’s Powerball drawing. The massive prize is the second-largest jackpot this year and the fourth-largest in the lottery’s history, Powerball said. The winning numbers are: 12, 26, 27, 43, 47 and Powerball 5. If

By Paradise Afshar and Chris Isidore, CNN New York (CNN) — An 11th-hour tentative contract agreement reached between Mack Trucks and the United Auto Workers union late Sunday narrowly averted a strike by 3,900 employees at the company. “More details to come as members review the [tentative agreement],” UAW said on X, the platform formally

By Laura He, CNN Hong Kong (CNN) — A return to growth in China’s manufacturing sector and a boom in travel during the annual “Golden Week” holiday is fueling hopes that the economy could be regaining momentum after a major slowdown this year. China’s official manufacturing purchasing managers’ index (PMI) rose to 50.2 from 49.7

By Chris Isidore, CNN New York (CNN) — Savonnda Blaylock, a pharmacy technician in northern California, has worked for health care giant Kaiser Permanente for 22 years and she’s never been on strike. That could change on Wednesday when she becomes one of 75,000 workers who participate in the nation’s largest health care strike in

CNN, KCRA, KCAL, KCBS By Eva Rothenberg, CNN (CNN) — A coalition of eight unions representing 75,000 employees of Kaiser Permanente said late Saturday that is has not reached an agreement with the company, setting the stage for the largest healthcare strike in US history on Wednesday. The Coalition of Kaiser Permanente Unions, which has

By Eva Rothenberg, CNN (CNN) — Prices for rough diamonds — the raw, unpolished, and uncut stones — have dipped in 2023 as many post-pandemic consumers shy away from luxury goods. According to the Zimnisky Global Rough Diamond Index, prices are the lowest they’ve been in a year. Industry analysts attribute the slump to declining

By Eva Rothenberg, CNN (CNN) — A coalition of eight unions representing 75,000 employees of Kaiser Permanente said late Saturday that is has not reached an agreement with the company, setting the stage for the largest healthcare strike in US history on Wednesday. The Coalition of Kaiser Permanente Unions, which has workers at hundreds of

By Eva Rothenberg, CNN (CNN) — Swiss multinational investment bank UBS says it is not aware of a probe by the US Department of Justice into suspected compliance-related missteps by its subsidiary Credit Suisse that reportedly allowed Russian clients to skirt sanctions. “The recent reporting on an alleged probe by the US Department of Justice

By Chris Isidore, CNN New York (CNN) — It seems like everyone is hitting the picket lines these days. And this past week, for the first time ever, that included a sitting president of the United States. President Joe Biden’s unprecedented visit to the United Auto Workers picket line on Tuesday only brought more attention

By Peter Valdes-Dapena, CNN Business (CNN) — When a woman gets in the driver’s seat of a car she often faces a challenge. Where to put her bag? There’s just not a good place. There’s the passenger seat, if its empty, or the foot well in front of it or even on the back seat,

By Michael Nam, CNN Business (CNN) — The Atari home video game system took the late1970s and early 1980s by storm, complete with faux wood paneling and a classic joystick with a big red button. Rival systems eventually surpassed the video-game pioneer but its iconic status, and fans, remained. Atari has been working to rebuild

By Parija Kavilanz, CNN New York (CNN) — Lou Martins is angry, frustrated, and disappointed but not surprised that the first Target store to open in Manhattan — in his New York City neighborhood — is closing in October. Target this week cited large-scale theft and safety concerns for employees and customers for its decision

By Samantha Delouya, CNN (CNN) — A labor contract for thousands of unionized health care workers across five states and Washington, DC, is set to expire on Saturday at 11:59 pm PT, potentially triggering the largest health care strike in US history. More than 75,000 health care employees who work at hundreds of Kaiser Permanente

By Danielle Wiener-Bronner, CNN New York (CNN) — Starbucks violated federal labor law when it increased wages and offered new perks and benefits only to non-union employees, a National Labor Relations Board judge found Thursday. The decision is the latest in a series of NLRB rulings finding that Starbucks has violated labor law in its

By Ramishah Maruf, CNN New York (CNN) — Toys “R” Us stores are making another comeback — this time it’s at airports and cruise ships. WHP Global, the toy store’s parent company, announced an expansion of up to 24 flagship stores, as well as opening stores at airports and cruise ships. Aptly named the “air,

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