Kia, Hyundai settle class-action lawsuit after a rash of thefts due to security flaw
Hyundai Motor America and Kia America will resolve class-action lawsuit prompted by a surge in vehicle thefts with a settlement agreement that could be valued at $200 million, the automakers announced Friday
2023-05-20 02:24
Anheuser-Busch loses top LGBTQ+ rating over its Bud Light response
Last year, the Human Rights Campaign Foundation gave Bud Light parent company Anheuser-Busch a top rating for LGBTQ+ equality. But because of how the company handled backlash to a sponsored post by Dylan Mulvaney, a transgender woman, it's now off the list.
2023-05-20 02:16
US debt ceiling: Republicans hit pause on negotiations for now
The lead Republican negotiator walks out of a closed-door meeting with White House representatives.
2023-05-20 01:51
NASA picks Bezos' Blue Origin to build lunar landers for moonwalkers
Jeff Bezos' rocket company has won a NASA contract to land astronauts on the moon, two years after losing out to SpaceX
2023-05-20 01:49
Federal Reserve Chair Powell hints at a pause in rate hikes when central bank meets next month
Chair Jerome Powell indicated that the Federal Reserve will likely forgo an increase in its benchmark interest rate when it meets in June for the first time since it began raising its key rate 14 months ago to fight high inflation
2023-05-20 01:48
Don’t Give Up Inflation Fight, BIS’s Carsten Tells Central Banks
Global central banks can’t afford to flinch in what may be a prolonged struggle to fully tame consumer
2023-05-20 01:27
Europe wants to ban Russian diamond imports. Will it hurt?
The European Union is poised to impose a ban on imports of Russia's diamonds — cutting off the world's biggest diamond producer from one of its key markets.
2023-05-20 01:25
Debt ceiling talks hit a snag, negotiators press pause for now
Debt ceiling talks between the White House and House Speaker Kevin McCarthy's office have hit a snag, and negotiators have put a pause on the talks, multiple sources tell CNN.
2023-05-20 00:53
Morgan Stanley's James Gorman, who arrived at the bank shortly before financial crisis, to retire
Morgan Stanley’s long-time CEO James Gorman will retire in the next 12 months, he said Friday at the bank’s annual shareholder meeting
2023-05-20 00:50
Powell Signals a June Pause, Says Fed Can Afford to Watch Data
Federal Reserve Chair Jerome Powell gave a clear signal he is inclined to pausing interest-rate increases next month
2023-05-20 00:28
San Francisco officials are investigating if Elon Musk's "Twitter Hotel" plan broke laws
San Francisco officials are investigating Twitter after six former employees allege that owner Elon Musk’s leadership team broke laws in turning the company’s headquarters into a “Twitter Hotel” for workers being pushed to stay up late to transform the social media platform
2023-05-20 00:26
Fed's Powell says tighter credit conditions ease rate hike pressure
NEW YORK Federal Reserve Chairman Jerome Powell said Friday that the aftereffects of recent banking sector troubles takes
2023-05-19 23:59