Skip to Content

Money

An Iraqi man herds his water buffalos on the Shatt al-Arab river next to the Nahr Bin Omar oil field and facility near Iraq's southern port city of Basra on April 4

OPEC+ extends oil output cuts into 2025

CNN By Anna Cooban, CNN London (CNN) — The Organization of the Petroleum Exporting Countries and its allies — a group of leading oil producers known as OPEC+ — agreed Sunday to extend production cuts announced last year into 2025. The group said in a statement it would extend a cut of 1.65 million barrels per

Continue Reading

It’s hurricane season. Good luck getting affordable homeowners’ insurance

By Samantha Delouya, CNN (CNN) — June 1 marks the official start of hurricane season in the Atlantic Ocean, and meteorologists predict it will be “extremely active,” with the potential for seven major hurricanes – the most destructive categories. And as insurance companies struggle to stay afloat, battered by elevated inflation and the growing frequency of catastrophic

Continue Reading

Right-wing media company Salem apologizes, stops distributing 2020 election conspiracy film ‘2000 Mules’ after lawsuit

By Oliver Darcy, CNN (CNN) — Salem Media Group, the right-wing talk radio network owner, issued a public apology and said it would stop distributing a discredited 2020 election conspiracy theory film after a Georgia man wrongly accused of voter fraud sued the company for defamation. The Georgia man, Mark Andrews, said in his 2022 lawsuit that “2000 Mules,” a film and book by far-right activist Dinesh D’Souza

Continue Reading

Advisory firms urge Tesla shareholders to reject Elon Musk’s ‘excessive’ pay package

By Allison Morrow, CNN New York (CNN) — Two influential advisory firms have urged shareholders to vote against Elon Musk’s contentious $51 billion pay package and raised concerns about the CEO’s numerous side projects. On Friday, Institutional Shareholder Services called the package “excessive” and noted that shareholder concerns “have not been sufficiently mitigated” since the

Continue Reading

After Trump’s guilty verdict, threats and attempts to dox Trump jurors proliferate online

By Donie O’Sullivan and Sean Lyngaas, CNN New York (CNN) — On online forums that have previously been linked to mass shootings, people are threatening violence and attempting to publicly identify the 12 New York jurors who on Thursday decided to convict former President Donald Trump. The calls for retribution began immediately after the verdict was announced.

Continue Reading

Costco’s $1.50 hot dog price is ‘safe’

By Nathaniel Meyersohn, CNN New York (CNN) — Costco’s new chief financial officer has a reassuring message for inflation-weary customers: don’t worry about the price of the $1.50 hot dog-soda combo. “To clear up some recent media speculation, I also want to confirm the $1.50 hot dog price is safe,” Costco CFO Gary Millerchip said on an earnings call with analysts Thursday. It was Millerchip’s first earnings call with analysts since taking

Continue Reading

Fast food deals were off the table. Now they’re roaring back

By Danielle Wiener-Bronner, CNN New York (CNN) — For years, restaurant executives had a confident message for investors: We’re raising prices, and customers don’t care. Well, now diners do — and fast food chains, especially, are rapidly changing course. Frustrated diners are complaining online about how expensive fast food has become. Low-income consumers in particular are

Continue Reading
Skip to content