Los Angeles CNN — At 26, Ixchel Hernandez has become the defender and protector of her family’s modest apartment. In the two decades they’ve lived in their Los Angeles home, the family of four has successfully fought against multiple attempts aimed at pricing and, ultimately, forcing them out. “We are human beings with the right […]
Editor’s Note: A version of this story appears in today’s Meanwhile in the Middle East newsletter, CNN’s three-times-a-week look inside the region’s biggest stories. Sign up here. CNN — Egypt has dug itself a massive hole of debt. On Friday, the International Monetary Fund (IMF) will extend a $3 billion loan to the country, a […]
Hong Kong CNN — US regulators have gained full access to the audits of Chinese companies for the first time, reducing the threat that tech giants such as Alibaba (BABA) and JD.com (JD) could be kicked off US stock exchanges. The announcement marks a major breakthrough in a yearslong standoff over how Chinese companies listed […]
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN — Investors around the world have been trying to adjust their portfolios to contend with […]
CNN — Eight months since El Salvador’s President Nayib Bukele announced a war on gangs, an estimated 2% of the country’s adult population – or roughly 100,000 people – are now behind bars. Bukele’s crackdown this year, prompted by a bloody killing spree by gangs that saw dozens of people killed in March, placed El […]
Washington, DC CNN — The Federal Reserve approved a half-point interest rate hike on Wednesday, a smaller increase than in recent months and an acknowledgment that inflation is finally easing. The increase marks a shift for the central bank after an unprecedented year that includes seven-straight rate hikes as part of an aggressive campaign to […]
Meta lawsuit: An Ethiopian professor was murdered by a mob. Son alleges Facebook fueled the violence
CNN — The son of an Ethiopian chemistry professor who was killed during unrest in the country last year has filed a lawsuit against Meta, Facebook’s parent company, alleging that the social media platform is fueling viral hate and violence, harming people across eastern and southern Africa. Abrham Meareg Amare claims in the suit that […]
London CNN Business — An electric scooter service just became the only company to pull off an initial public offering in Russia this year. Whoosh, which made its debut on Wednesday, said that it had raised 2.1 billion rubles ($32.6 million) through the listing, giving it a valuation of 20.6 billion rubles ($320 million). “In […]
New York CNN — As federal prosecutors seek to imprison former crypto darling Sam Bankman-Fried, Sen. Elizabeth Warren is attempting to push through Congress a bipartisan crackdown on money laundering in the crypto industry. The Massachusetts Democrat is teaming up with Republican Sen. Roger Marshall of Kansas to introduce new legislation on Wednesday that would […]
New York CNN — John J. Ray III, who made his name overseeing the liquidation of Enron in the early 2000s, is the man in charge of sifting through the rubble of FTX, the once-mighty cryptocurrency exchange — founded in 2019 and run into the ground by 2022 by Sam Bankman-Fried. On Tuesday, Ray testified […]