Saudi Arabia needs more than higher oil prices to fund its grand plans
Riyadh knows that it cannot rely solely on a fluctuating oil market for income. Along with its efforts to raise oil prices, it is also trying to bring in investment from abroad.
2023-06-05 22:16
Qatar Airways CEO says aviation industry will miss 2050 net zero target
The CEO of Qatar Airways has described the airline industry's emissions goals as a "PR exercise," saying aviation is on track to miss its target to achieve net zero status in 2050.
2023-06-05 20:49
Markets may be overly optimistic about the Fed
The past month's economic data has highlighted the persistent, sticky nature of inflation and the resilient strength of the labor market in the United States.
2023-06-05 20:26
First on CNN: US senators question Twitter's privacy compliance under Elon Musk
Four US senators are scrutinizing Twitter's privacy practices and questioning whether the platform under CEO Elon Musk flouted consumer protection law following widespread layoffs and resignations, highlighting vast legal risks for Twitter and Musk.
2023-06-05 19:27
Airlines expect to make $10 billion this year despite economic slowdown
Global airlines should make nearly $10 billion in profit this year as business bounces back from the pandemic, according to a new forecast from the International Air Transport Association (IATA).
2023-06-05 18:17
Fact checking Nikki Haley's CNN town hall in Iowa
Former United Nations ambassador Nikki Haley addressed a broad range of issues Sunday night during a CNN town hall in Iowa.
2023-06-05 10:47
Directors Guild of America reaches tentative deal as writers strike goes on
The Directors Guild of America reached a "historic" tentative deal for wages, works hours, residuals and even artificial intelligence Saturday night as the writer's strike continues.
2023-06-05 01:16
Bank of America CEO says the Fed's biggest challenge is power of US consumer
Bank of America CEO Brian Moynihan said although he is relieved lawmakers reached a resolution for the debt ceiling, it is "not good for the United States to go through this."
2023-06-05 00:53
The S&P 500 finally broke through a key level. Now what?
The S&P 500 index on Friday closed at its highest level in almost a year. But that doesn't mean that stocks are poised for a bull run just yet.
2023-06-04 20:25
Why one popular shoe brand is lowering prices in the face of inflation
As inflation continues to strain family budgets, forcing consumers to prioritize purchasing daily necessities over discretionary buys, popular footwear maker Keen is lowering prices on its products to provide some relief to weary consumers.
2023-06-04 17:56
Slow start to New York's legal pot market leaves farmers holding the bag
New York's fledgling marijuana market doesn't have enough licensed retailers to sell the 300,000 pounds (136,000 kilograms) of cannabis grown by farmers in the state
2023-06-04 12:58
Biden signs debt ceiling deal into law, averting historic default
President Joe Biden signed into law Saturday a bill to suspend the nation's debt limit through January 1, 2025, to avert a first-ever US default.
2023-06-04 01:53