Jackson Hole: Fed policy collides with reality in the most unequal county in America
Central bank officials from across the world have descended upon Jackson Hole, Wyoming this week to discuss policy decisions that will shape the economy for years to come.
2023-08-25 19:48
A mariner accused of raping college student loses ability to work at sea, but escapes criminal charges
In a high-profile case that rocked the commercial shipping industry, a sailor accused of raping a student from the US Merchant Marine Academy has agreed to surrender his credential to work on ships, but he will not be criminally prosecuted.
2023-08-25 19:27
IMF chief says Africa must do these three things to increase trade
Africa's growth has been sluggish in recent years, but IMF managing director Kristalina Georgieva believes new opportunities lie ahead.
2023-08-25 16:50
Large US tech companies face new EU rules
The world's largest tech companies must comply with a sweeping new European law starting Friday that affects everything from social media moderation to targeted advertising and counterfeit goods in e-commerce.
2023-08-25 15:22
Saudi Arabia, UAE and Iran among six countries invited to join BRICS group
Oil powers Saudi Arabia and the United Arab Emirates have been invited to become members of the BRICS group of developing nations in its first expansion in over a decade.
2023-08-25 11:25
North Carolina Hooters sued for racial discrimination against employees
The US Equal Employment Opportunity Commission has sued a North Carolina Hooters restaurant for allegedly discriminating against Black or darker-skinned "Hooters Girls," the federal agency announced Thursday.
2023-08-25 09:25
Gap reports mixed second quarter and decline in sales across all brands
Gap saw soft sales across all four of its brands in the latest quarter.
2023-08-25 08:54
UAW wins 25% raises for workers at Ohio EV battery plant
The United Auto Workers union reached a tentative deal Thursday to raise wages 25% at Ultium Cells, a company that makes batteries for General Motors' electric vehicles.
2023-08-25 08:20
Maui government files lawsuit, accuses Hawaiian electric company of causing Lahaina wildfires
Maui County filed a lawsuit Thursday against Hawaiian Electric Company, alleging that the utility company's negligence caused the devastating wildfires that burned thousands of acres of land in the state and killed more than 100 people earlier this month.
2023-08-25 07:26
Hundreds of Wells Fargo users report issues with banking system
More than 700 users reported issues with Wells Fargo's banking system Thursday, according to Downdetector, with problems ranging from transferring funds to declining ATM cards.
2023-08-25 06:46
Uber raises minimum age for most California drivers to 25, saying insurance costs are too high
Uber has raised the minimum age requirement for most new drivers in California to 25
2023-08-25 02:59
As cracks emerge in Russia, US plots fresh sanctions to crank up pressure on Moscow
Washington plans to keep piling pressure on Russia through additional sanctions in a bid to force hard choices in Moscow, a senior US official tells CNN.
2023-08-25 02:46