Money

By Christine Romans, CNN Chief Business Correspondent The post-pandemic US economy has tortured economists and defied expectations. It’s anybody’s guess what happens next. In the optimist camp is Treasury Secretary Janet Yellen, who told CNN’s Fareed Zakaria last week a damaging recession can be averted. “I think what people call a soft landing is possible,”

By Allison Morrow, CNN One boss is learning the hard way how a pep talk can quickly go off the rails. Andi Owen, CEO of office furniture company MillerKnoll, was asked in a recent video town hall about how workers should stay motivated if they don’t get a bonus. A clip of the video began

By Nicole Goodkind, CNN Apple and Goldman Sachs launched a new high-yield savings account on Monday that offers a 4.15% interest rate, more than 10 times higher than the US national average. The move is one of many that Apple has made in recent months to increase its financial services footprint — adding some lofty

By Oliver Darcy and Marshall Cohen, CNN The high-stakes showdown between Dominion Voting Systems and Fox News finally commences in earnest Tuesday when the $1.6 billion defamation trial begins, shining a spotlight on Fox’s election denialism and the toxic role of its disinformation on American politics. The trial, initially set to begin with opening statements

By Laura He, CNN China’s economy got off to a solid start in 2023, as consumers went on a spending spree after three years of strict pandemic restrictions ended. Gross domestic product grew by 4.5% in the first quarter from a year ago, according to the National Bureau of Statistics on Tuesday. That beat the

By Chris Isidore and Vanessa Yurkevich, CNN Writers for television, movies and streaming shows have voted overwhelmingly to go on strike if no labor deal can be reached before a May 1 deadline. The vote announced Monday afternoon showed 97.9% of participating union members voting to approve a potential strike. If a strike happens, it

By Jeanne Sahadi, CNN Apple on Monday announced that it is now offering its Apple Card holders a 4.15% high-yield savings account with Goldman Sachs. They may park both the 3% cash back they receive from using the Apple Card on select purchases plus other savings they may wish to deposit. The new product will

By Nicole Goodkind, Nicky Robertson and Haley Talbot, CNN Speaker Kevin McCarthy on Monday previewed what he hopes House Republicans can pass in the next few weeks to raise the debt ceiling during a speech at the New York Stock Exchange. “So here is our plan: In the coming weeks, the House will vote on

By Nicole Goodkind, CNN First quarter earnings season kicked off last week with reports from some of the largest names in finance with investors watching closely for any potential inklings of an economic downturn. JPMorgan Chase, Citigroup and Wells Fargo, as well as PNC and BlackRock, all published their reports on Friday — giving the

By Oliver Darcy and Marshall Cohen, CNN Dominion Voting Systems’ high-stakes defamation trial against Fox News, which was supposed to begin Monday, was abruptly delayed on Sunday evening, in a stunning eleventh-hour twist that threw into question whether a settlement was in the works. Opening statements were expected on Monday, but the Delaware Superior Court

By David Goldman, CNN Netflix’s highly anticipated live reunion Sunday for the season 4 cast of its reality dating show “Love is Blind” has been delayed after technical issues kept eager fans waiting. Eventually, Netflix opted to tape the show for streaming, announcing it would be available globally at 3 pm ET Monday. “To everyone

By Ramishah Maruf, CNN A trial in a defamation suit brought against Fox News by Dominion Voting Systems is set to begin this week. It could have significant ramifications for the right-wing cable channel. The trial had been expected to start Monday in Delaware, but Superior Court Judge Eric Davis announced it would be delayed

By Krystal Hur, CNN Wall Street has been hit with a barrage of complex signals about the economy’s health over the past month. From banking turmoil to weakening jobs data to slowing inflation, and now the start of earnings season, investors have remained largely resilient. But the Federal Reserve’s March meeting minutes revealed last week

By Marshall Cohen, CNN Fox News formally apologized to the judge in the Dominion defamation case, taking responsibility for the “misunderstanding” regarding Rupert Murdoch’s role at the network that led the judge to launch an investigation into potential legal misconduct by Fox, according to a letter obtained by CNN. In the letter, which was dated

By Alicia Wallace, CNN Last month’s upheaval within the banking sector hasn’t pushed America off course from achieving a soft landing, Treasury Secretary Janet Yellen told CNN’s Fareed Zakaria in an exclusive interview Friday. “I do think there’s a path to bring down inflation while maintaining what I think all of us would regard is

By Alicia Wallace, CNN Last month’s upheaval within the banking sector hasn’t pushed America off course from achieving a soft landing, US Treasury Secretary Janet Yellen told CNN’s Fareed Zakaria in an exclusive interview Friday. “I do think there’s a path to bring down inflation while maintaining what I think all of us would regard

By Greg Wallace and Jordan Valinsky, CNN Boeing said it has discovered a manufacturing issue with some 737 Max aircraft, although it insisted the problem is not “an immediate safety of flight issue.” A supplier used a “non-standard manufacturing process” during the installation of two fittings in the rear fuselage, Boeing said in a statement

By Krystal Hur and Nicole Goodkind, CNN JPMorgan Chase on Friday reported first-quarter profit and revenue that roundly beat expectations. The New York-based bank posted a profit of $12.6 billion or $4.10 per share. That’s up from $8.3 billion, or $2.63 per share from the same period a year before, or 52%. Analysts expected earnings

By Nicole Goodkind, CNN The strength of the US economy rests on the shoulders of consumers. If people are spending money, companies keep employees in their jobs … and those workers keep spending. In theory, anyway. Consumer spending accounts for about 70% of America’s gross domestic product, the broadest measure of the economy, so it’s

By Anna Cooban, CNN Tens of thousands of England’s trainee doctors have gone on strike this week over pay. For many, hourly pay falls below that of some baristas and fast-food workers. Junior doctors working in the country’s National Health Service (NHS) walked out Tuesday — the first of four days of strikes — demanding

By Oliver Darcy, CNN This is it. The media defamation trial of the century is on the precipice of kicking off in Wilmington, Delaware, in just days. Jury selection in Dominion Voting Systems’ monster $1.6 billion defamation lawsuit took place all of Thursday, with 300 potential jurors being summoned to court. Good progress was made

By Jalen Brown and Scarlette Whyte When customers at Silicon Valley Bank rushed to withdraw billions of dollars last month, venture capitalist Arlan Hamilton stepped in to help some of the founders of color who panicked about losing access to payroll funds. As a Black woman with nearly 10 years of business experience, Hamilton knew

By Matt Egan A group that is led by Wall Street billionaire Josh Harris and includes NBA legend Magic Johnson is nearing a deal to buy the NFL’s Washington Commanders, a person familiar with the matter tells CNN. If finalized, the sale would mark the end of the controversial ownership of the Washington franchise by

By Danielle Wiener-Bronner, CNN In the 1990s, Pizza Hut unveiled an important cheese-in-bread innovation, the stuffed crust pizza. Now, Philadelphia cream cheese and H&H Bagels, a New York City-based bagel shop, are trying to please the carbohydrate- and dairy-loving communities with a new and dubious spin on the stuffed crust: The bagel stuffed with cream

By Parija Kavilanz, CNN Tupperware, an iconic brand that’s woven into the fabric of post World War II America, signaled this week that it could be on its last gasp. Known the world over for its plastic food storage containers and its sales parties, Florida-based Tupperware warned that the company was running out of cash

By Anna Bahney, CNN Homebuyers are embracing mortgage rates dipping closer and closer to 6%. Rates fell for the fifth week in a row as inflation continues to ease. The 30-year fixed-rate mortgage averaged 6.27% in the week ending April 13, down slightly from 6.28% the week before, according to data from Freddie Mac released

By Anna Cooban, CNN Uber-luxury brand Hermès, best known for its coveted Birkin handbag, reported a double-digit jump in sales as high-income shoppers continue to spend on pricey products. Paris-based Hermès said Thursday that sales rose 23% in the first quarter, driven by rising demand in all of its international markets. Sales in the Americas

By Marshall Cohen, CNN Jury selection began Thursday in Dominion Voting Systems’ $1.6 billion defamation trial against Fox News over the right-wing network’s promotion of debunked conspiracy theories about the 2020 presidential election. Almost the entire process took place outside of public view, with Delaware Superior Court Judge Eric Davis privately questioning prospective jurors. Davis

By Oliver Darcy, CNN Vox Media is gearing up for its first Code Conference without Kara Swisher at the helm. The invite-only event, which attracts top technology executives and journalists, will be hosted by The Verge Editor-In-Chief Nilay Patel, Platformer founder Casey Newton and CNBC senior media and tech reporter Julia Boorstin, Vox Media told

By Lauren del Valle, CNN A new court filing alleges JPMorgan Chase executives were aware of sex abuse and trafficking allegations against its then-client Jeffrey Epstein, several years before the financial institution cut ties. The latest complaint, part of a lawsuit against the bank filed by the attorney general for the US Virgin Islands (USVI),