economy and trade

Key inflation measure shows price pressures cooled off in November, but remain high

New York CNN — Another key inflation measure shows price pressures cooled off but remained stubbornly high in November, despite the Federal Reserve’s monthslong efforts to fight inflation through higher interest rates. The Producer Price Index, which measures prices paid for goods and services by businesses before they reach consumers, rose 7.4% in November compared …

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The UK just had a major market scare. Now it wants to relax financial rules

London CNN — Just two months after UK markets suffered their worst meltdown since the global financial crisis, the British government is promising a major relaxation of financial regulation in a bid to shore up the country’s banking and insurance industries against growing competition from cities such as Amsterdam and Paris. The UK Treasury unveiled …

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Opinion: World leaders must give life a chance — and that calls for investing in protecting our planet

Editor’s Note: Jane Alexander is former chair of the National Endowment for the Arts. She has served on the boards of Audubon, the Wildlife Conservation Society and the American Bird Conservancy. Alexander is author of “Wild Things, Wild Places: Adventurous Tales of Wildlife and Conservation on Planet Earth.” She is also a Tony and Emmy …

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Keystone Pipeline shuts down after oil leak, halting flow of 600,000 barrels a day

New York CNN Business — The Keystone Pipeline has been shut down following a leak discovered near the border of Kansas and Nebraska. The shutdown of the major oil pipeline that carries crude from Canada triggered volatility in the energy market on Thursday, with oil prices briefly surging as much as 5% before retreating. Federal …

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Kim Kardashian and other celebrities beat crypto investors’ lawsuit

Reuters  —  A federal judge in California on Wednesday dismissed a lawsuit against reality TV star Kim Kardashian, boxing legend Floyd Mayweather Jr. and others over their role in promoting a cryptocurrency, saying it was not clear that the investors who sued actually saw the promotions. The lawsuit filed in January claims EthereumMax executives schemed …

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Jennifer Lawrence draws criticism over comments about female action heroes

CNN — Jennifer Lawrence shared her thoughts on the history of female-led action movies in a new interview, but the “Hunger Games” star is getting some flack for not quite getting it right. The Oscar winner spoke with fellow actress Viola Davis in an interview for Variety published on Wednesday, in which she mused on …

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NASA Mars Ingenuity helicopter broke its own record

Sign up for CNN’s Wonder Theory science newsletter. Explore the universe with news on fascinating discoveries, scientific advances and more. CNN — More than a year and a half after its first flight on Mars, the Ingenuity helicopter has set a new record. The little 4-pound (1.8-kilogram) chopper completed its 35th flight on December 3 …

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Walmart CEO: Inflation on toys, clothing and sports equipment is easing

New York CNN Business — Finally, shoppers are getting some good news about prices: Inflation is falling on discretionary merchandise just in time for the holidays, Walmart chief Doug McMillon said Tuesday. “In toys, sporting goods, apparel, categories like that, prices have come down more aggressively,” McMillon said in an interview on CNBC. “We’re still …

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McDonald’s franchisee violated child labor laws, investigation finds

New York CNN Business — A McDonald’s franchise operator has violated child labor laws, according to an investigation by the Department of Labor. Santonastasso Enterprises, which operates McDonald’s locations in the Pittsburgh area, allowed 14- and 15-year-olds to work more than three hours after 7 pm on school days, after 9 pm over the summer …

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