Money

By Liam Reilly, CNN (CNN) — Netflix co-founder and executive chairman Reed Hastings will not seek re-election to the company’s board of directors once his term expires in June, the company announced on Thursday. Hastings’ decision, announced in Netflix’s first-quarter earnings results, comes less than three years after he stepped down as co-CEO and became

By Marshall Cohen, CNN Washington (CNN) — The top federal regulator for the rapidly growing prediction market industry vowed Thursday to crack down on insider trading, and said his agency is actively investigating hundreds of possible cases. Commodity Futures Trading Commission chairman Michael Selig, who was appointed by President Donald Trump, tried to allay rising

By Samantha Delouya, CNN (CNN) — The war in the Middle East — and the economic uncertainty it has fueled — is clouding what is usually the hottest season for home sales, leaving some sellers facing a dwindling pool of buyers. The conflict with Iran has driven up borrowing costs and rattled markets, adding to

By Clare Duffy, CNN New York (CNN) — Europe doesn’t want to hear any more excuses from tech platforms for why they can’t verify users’ ages. European Commission President Ursula von der Leyen on Tuesday announced a new European age verification app that will give users a sort of digital ID card to prove their

By John Towfighi, CNN New York (CNN) — A rally in stocks lifted the S&P 500 and Nasdaq Composite to fresh record highs on Wednesday, capping off a strong two-week recovery that has seen the indexes erase all losses tied to the US-Israeli war with Iran. The S&P on Wednesday rose 0.8% to close at

By David Goldman, Bryan Mena, Morgan Leason, CNN (CNN) — President Donald Trump said he will fire Federal Reserve Chair Jerome Powell if he does not step aside when his term at the helm of the central bank expires next month. “Then I’ll have to fire him,” Trump told Fox Business’ Maria Bartiromo Wednesday in

By John Liu, CNN (CNN) — Four months ago, a dozen academics and researchers from China’s top oil and gas producers issued a warning buried in an academic journal: the nation’s quest for self-sufficiency had a critical weak spot. The threat they identified was helium, a colorless, odorless gas with a wide range of uses,

By Hanna Ziady, Stephanie Yang, CNN London/Hong Kong (CNN) — The International Monetary Fund says the world will suffer an oil shortfall this year – even if the war with Iran were resolved this week – becoming the latest major economic body to warn of severe likely and potential impacts of the conflict. The fund

By Brian Stelter, CNN (CNN) — Ahmed Shihab-Eldin, a Kuwaiti-American journalist known for his work at VICE, HuffPost and Al Jazeera, has been detained in Kuwait, according to press freedom advocates, after sharing videos related to the Iran war. The arrest comes as Kuwait and other Gulf states have cracked down on individuals for posting

By Hadas Gold, CNN (CNN) — The suspect in the attack on the home of OpenAI CEO Sam Altman and the company’s headquarters was held without bail on Tuesday in California Superior Court, the Associated Press reported. His arraignment on charges of attempted murder and attempted arson was moved to May 5, according to the

By Jeanne Sahadi, CNN (CNN) — If you’re pulling up the rear when it comes to filing your income taxes, you now have less than 48 hours to get your return in – or file for an extension – by April 15 before 11:59:59 p.m. local time. You’re hardly alone in your dash to the

By Bryan Mena, CNN Washington (CNN) — Former Federal Reserve Governor Kevin Warsh, who is President Donald Trump’s pick for the next Fed chair, is set to testify next week before the Senate Banking Committee. Sen. Tim Scott, a top Republican on the committee that approves nomineees to the central bank, teased in a Tuesday

By Alicia Wallace, CNN (CNN) — Fast-rising oil prices sent US businesses’ costs higher in March, lifting wholesale inflation to 4%, the highest annual rate in three years, according to Bureau of Labor Statistics data released Tuesday. The Producer Price Index, which measures the average change in prices received by producers of goods and services,