Norfolk Southern unveils compensation plans for homeowners near derailment site
By Andrea Cambron, Jason Carroll and Chris Isidore, CNN Norfolk Southern is spelling out how it will compensate East Palestine, Ohio, homeowners…
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GM Envolve takes direct aim at Ford’s fleet business
By Peter Valdes-Dapena, CNN Business With a new business unit introduced Wednesday, General Motors is taking direct aim at Ford Motor Co.’s…
Continue Reading PacWest Bank shares tumble as crisis prompts customers to yank deposits
By Allison Morrow, CNN Shares of PacWest Bancorp tumbled Thursday after the regional bank reported that customers had recently drawn down about 9.5%…
Continue Reading White House wants to ban use of salary history in setting pay for new federal hires
By Jeanne Sahadi, CNN Whether one’s paycheck can keep pace with inflation is always a concern. But for women, the question is also can their…
Continue Reading Home buying costs could spike by 22% if US defaults on its debt
By Anna Bahney, CNN The United States has never defaulted on its debt, and it remains an unlikely outcome of the current standoff about raising the…
Continue Reading Another key inflation gauge cooled further in April
By Bryan Mena, CNN Wholesale annual inflation slowed in April, adding to signs that price pressures are easing. The Producer Price Index, a key…
Continue Reading Bob Iger to Ron DeSantis: Does Florida want our jobs and taxes or not?
By Chris Isidore, CNN Disney CEO Bob Iger said Florida Governor Ron DeSantis’ attacks on the company threaten its plans for $17 billion of…
Continue Reading Day care, margarine, car repairs: Here’s what’s costing Americans the most
By Elisabeth Buchwald, CNN Annual inflation unexpectedly declined to 4.9% last month, according to the April Consumer Price Index report, released…
Continue Reading Bank of England hikes interest rates for 12th time in battle with inflation
By Hanna Ziady, CNN The Bank of England raised interest rates by a quarter of a percentage point Thursday in its battle with inflation and said the…
Continue Reading Janet Yellen says US default would trigger a global economic downturn
By Emiko Jozuka, CNN US Treasury Secretary Janet Yellen urged Congress on Thursday to raise its debt ceiling, warning that a US default would produce…
Continue Reading Two dead in shooting at Mercedes-Benz plant in Germany
By Nadine Schmidt and Hanna Ziady, CNN Two men have died after a shooting at a Mercedes-Benz plant in Sindelfingen, southern Germany on Thursday,…
Continue Reading China names head of powerful new financial regulator as industry faces greater scrutiny
By Laura He, CNN China has appointed the head of its powerful new financial watchdog, which was created as part of sweeping reforms aimed at reining…
Continue Reading Five suspects arrested in India after bomb blasts near Golden Temple, Sikhism’s holiest shrine
By Jessie Yeung and Manveena Suri, CNN Police in northern India have arrested five suspects in connection with a series of homemade bomb explosions…
Continue Reading China’s inflation cools to 0.1%, its slowest pace in two years
By Laura He, CNN Deflationary pressure in China is worsening as consumer prices increased at their slowest pace in two years, suggesting weakness in…
Continue Reading Disinformation researcher who led now-defunct DHS unit sues Fox News for defamation
By Oliver Darcy, CNN A prominent disinformation researcher who became the target of Fox News last year filed a defamation lawsuit against the…
Continue Reading Disney aims for more profits at Disney+ with more ads, less content, higher fees
By Chris Isidore, CNN Disney laid out the profit plan for Disney+ streaming service on its investor call after reporting its most recent quarterly…
Continue Reading These states will be hit the hardest if the US debt ceiling standoff isn’t resolved
By Matt Egan, CNN As leaders in Washington fail to make progress on a debt ceiling deal, Moody’s Analytics is warning of disastrous…
Continue Reading With writers’ strike underway, film and TV studios start labor talks with directors
By Chris Isidore, CNN Television and film studios, already dealing with a strike by the Writers Guild of America, started contract negotiations…
Continue Reading Voting technology company Smartmatic subpoenas Trump campaign as part of $2.7 billion lawsuit against Fox News
By Oliver Darcy, CNN Business The voting technology company Smartmatic has subpoenaed Donald Trump’s 2020 presidential campaign for a wide…
Continue Reading Audits of Chinese companies by KPMG and PwC full of holes, US watchdog finds
By Julia Horowitz, CNN US inspectors, after receiving access to auditors’ books for the first time, discovered significant shortcomings in…
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