Money

By Laura He, CNN Hong Kong (CNN) — For the second time in just over two months, Country Garden has warned investors that it could default on its $190 billion debt in a reminder that China’s real estate crisis is far from over. The company said it had not made a repayment of 470 million

By Hanna Ziady, CNN London (CNN) — The International Monetary Fund (IMF) sees better odds that central banks will manage to tame inflation without tipping the global economy into recession, but it warned Tuesday that growth remained weak and patchy. The agency said it expected the world’s economy to expand by 3% this year, in

By Michelle Toh, CNN Hong Kong (CNN) — Union workers are set to go on strike at Chevron’s liquefied natural gas (LNG) facilities in Australia next Thursday, in renewed action that could disrupt about 7% of global LNG supply. Chevron (CVX) confirmed that it had received notice of industrial action scheduled to start on October

By Elizabeth Wolfe, CNN (CNN) — The Powerball jackpot has soared to a whopping estimated $1.73 billion after no big winner was drawn Monday night, marking the second largest prize in the lottery’s history. It is also the first time in Powerball’s history that consecutive jackpot cycles have reached billion-dollar prizes, Powerball announced. If a

By Samantha Delouya, CNN (CNN) — A coalition of unions representing thousands of Kaiser Permanente health care workers warned they will walk off the job again next month if a deal is not reached with their employer. Facilities across California, Washington, Oregon, Virginia and Washington DC have threatened to strike for a second time if

CNN By Hadas Gold, Tara John, Helen Regan, Christian Edwards, Heather Law and Alex Stambaugh, CNN (CNN) — Israel is hammering Gaza with airstrikes, hitting hundreds of targets and reducing neighborhoods to rubble, as new atrocities are uncovered in its territory after a devastating surprise attack by Hamas militants. The Israel Defense Forces (IDF) said

By Oliver Darcy, CNN (CNN) — Esther Solomon, the editor-in-chief of Haaretz, Israel’s oldest daily newspaper, was trying to observe the Jewish Sabbath on Saturday in Tel Aviv when her daughter, a member of the Israeli Air Force, brought some alarming news to her attention: Israel was under serious attack from Hamas. Solomon quickly realized

By Samantha Delouya, CNN Los Angeles (CNN) — Charles “Chuck” Feeney, a retail entrepreneur and investor who amassed a multibillion-dollar fortune and then gave it all away, has died. He was 92. He died peacefully in San Francisco on Monday, the Atlantic Philanthropies, Feeney’s foundation, said on its website. Feeney made much of his fortune

By Taylor Romine and Samantha Delouya, CNN (CNN) — Members of the Writers Guild of America union ratified a new contract with Hollywood and television studios, the WGA said in a statement released Monday. Of the 8,525 valid votes cast, 99% of WGA members voted to ratify the new contract, which will last from September

By Eva Rothenberg, CNN (CNN) — Multiple airlines have canceled flights in and out of Tel Aviv, home to Israel’s largest international airport, after Israel formally declared war on Hamas. In a statement to CNN, American Airlines said it was suspending flights until Friday as it closely monitors the situation on the ground. The cancellations

By Alicia Wallace and Ashley Killough, CNN Minneapolis (CNN) — An ExxonMobil executive who heads up the business unit that’s involved in a potential $60 billion mega-merger with Pioneer Natural Resources was arrested late last week in Texas for allegedly committing sexual assault. David Scott, senior vice president of ExxonMobil Upstream, was arrested at 9:24

By Sean Lyngaas, Donie O’Sullivan and Clare Duffy, CNN (CNN) — Misinformation has run rampant on Elon Musk’s social media platform X in the 48 hours since Hamas militants’ surprise attack on Israel, with users sharing false and misleading claims about the conflict and Musk himself pointing users to an account known for spreading misinformation.

CNN By Hadas Gold, Eyad Kourdi, Jonny Hallam, Ibrahim Dahman, Helen Regan and Tara John, CNN Jerusalem and Gaza (CNN) — Israel’s Prime Minister Benjamin Netanyahu said Monday that the Israeli military would attack Hamas with a force “like never before,” as the militant group threatened to kill civilian hostages if airstrikes target Gaza without

By Matt Egan, CNN New York (CNN) — Business leaders across the United States have expressed outrage and solidarity with Israel after the deadly surprise attack by Hamas. JPMorgan Chase CEO Jamie Dimon said Sunday the bank stands with Israel, instructing employees there to work remotely for the foreseeable future, a person familiar with the

By Nicole Goodkind, CNN New York (CNN) — Pharmacy staff at some Walgreens stores locked their gates and walked out Monday, citing harsh working conditions that make it difficult to safely fill prescriptions. CNN confirmed pharmacy closures at some Walgreens locations in Arizona, Washington, Massachusetts and Oregon, and pharmacy staff and customers are posting to

By Nicole Goodkind, CNN New York (CNN) — This month marks the first time in more than three years that federal student loan borrowers will be required to make monthly repayments. The Trump and Biden administrations enacted and then expanded a pandemic-related pause for about 44 million borrowers by freezing their accounts and restricting interest

By Anna Cooban and Hanna Ziady, CNN London (CNN) — Claudia Goldin, a professor at Harvard University, was awarded the Nobel Prize in economics Monday for her research into women’s income and employment. The Royal Swedish Academy of Sciences said Goldin had “uncovered key drivers of gender differences in the labor market.” After analyzing more

By Laura He, CNN Hong Kong (CNN) — China has concluded its Golden Week holiday on a muted note, with key travel and spending data showing weaker-than-expected recovery in consumption amid a wider economic slump. A total of 826 million trips were made in mainland China during the eight days to October 6, which was

By Hanna Ziady, CNN London (CNN) — Jaime Gilinski Bacal, a Colombian banking and real estate entrepreneur, has taken control of Metro Bank as part of a bigger rescue deal to fill a hole in the UK lender’s finances. Metro Bank said in a statement late on Sunday that it had raised £325 million ($396

By Nouran Salahieh, CNN (CNN) — The Powerball jackpot swelled to an estimated $1.55 billion for Monday night’s drawing after weeks with no grand prize winner. Monday night’s winning numbers were 16, 34, 46, 55, 67 and Powerball 14. The new mammoth prize up for grabs Monday ranks as the third largest Powerball jackpot and