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Air Canada CEO will retire this year after his English-only crash message was criticized

Story by the Associated Press Toronto (AP) — Air Canada announced Monday that its CEO will retire later this year, after Michael Rousseau was criticized for his English-only message of condolence following this month’s deadly crash in New York. Canada’s largest airline, based in French-speaking Quebec, said that Rousseau, 68, told the board he will

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A new proposed rule from the US Department of Labor aims to give 401(k) plan fiduciaries "maximum discretion and flexibility" in choosing investment alternatives to include on a plan's investment menu.

Employers that want to offer 401(k) participants access to private equity get new rule

By Jeanne Sahadi, CNN (CNN) — The Department of Labor unveiled on Monday a new proposed rule for 401(k) plan sponsors that want to offer plan participants the option of investing in private equity and other “alternative” investments like crypto and commodities. The proposed rule gives plan fiduciaries “maximum discretion and flexibility in selecting any

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Americans’ expectations for inflation will shape Fed’s response to Iran war, Powell says

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve’s response to the US-Israeli war on Iran largely hinges on how the conflict affects Americans’ expectations about inflation, Chair Jerome Powell said Monday. “The tendency is to look through any kind of a supply shock,” he said during a moderated conversation hosted by Harvard University.

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US oil settles above $100 for first time since 2022 after Trump says he wants to ‘take the oil’ in Iran and Houthis join war

By Hanna Ziady, John Towfighi, CNN London/New York (CNN) — Oil prices rose Monday, with US crude oil settling above $100 per barrel for the first time since July 2022, after comments by President Donald Trump and strikes against Israel by Iran-backed Houthi rebels deepened fears that the Middle East conflict may escalate further. WTI,

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Pages from the Anthropic website and the company's logo on February 26.

Judge blocks Pentagon’s effort to ‘punish’ Anthropic by labeling it a supply chain risk

By Hadas Gold, Devan Cole, CNN (CNN) — A federal judge in California has indefinitely blocked the Pentagon’s effort to “punish” Anthropic by labeling it a supply chain risk and attempting to sever government ties with the AI company, ruling that those measures ran roughshod over its constitutional rights. “Nothing in the governing statute supports

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Gold bars on a table in a safe at precious metal dealer Pro Aurum on February 2

Gold just had its worst week since 1983

By John Towfighi, CNN New York (CNN) — The war with Iran is disrupting global oil flows, damaging energy infrastructure and raising fears of prolonged conflict. But gold, usually considered a safe haven during periods of economic uncertainty, has slumped. Gold dropped 11% this week, posting its biggest weekly loss since 1983. The yellow metal

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Nashville immigration reporter Estefany Rodríguez released from ICE custody

By Liam Reilly, CNN (CNN) — A Nashville-based Colombian reporter was released from Immigration and Customs Enforcement custody on bond Thursday after her arrest earlier this month. Estefany Rodríguez, a Spanish-language reporter for Nashville Noticias who often covers immigration, was released from a Louisiana detention facility after posting a $10,000 bond. Her release comes just

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Trump and his officials pressure the news media in unison as Iran war scrutiny intensifies

By Brian Stelter, CNN (CNN) — Every day brings a new complaint — or three — from the Trump administration about the American news media’s coverage of the Iran war. President Trump is using words like “criminal” and “unpatriotic” to assail media companies. His FCC chairman, Brendan Carr, is threatening broadcasters’ licenses. His defense secretary,

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Oil prices stay high despite US temporarily lifting sanctions on Russian oil stranded at sea

By Luciana Lopez, Stephanie Yang, CNN (CNN) — Oil prices traded near their highest level since 2022 Friday, shrugging off the Trump administration’s earlier decision to temporarily allow the delivery and sale of sanctioned seaborne Russian crude – a waiver aimed at mitigating a surge in prices following its attacks on Iran. The license, posted

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