Anyone can now use powerful AI tools to make images. What could possibly go wrong?

CNN Business — If you’ve ever wanted to use artificial intelligence to quickly design a hybrid between a duck and a corgi, now is your time to shine. On Wednesday, OpenAI announced that anyone can now use the most recent version of its AI-powered DALL-E tool to generate a seemingly limitless range of images just … Read more

Florida’s home insurance market was a month before Ian. It’s about to get worse

New York CNN Business — Florida homeowners were already facing an expensive and difficult market for home insurance before Hurricane Ian. The devastating storm is about to make things worse — even for those fortunate enough to escape any damage. For the better part of two decades, the nation’s major insurers have wanted as little … Read more

How to protect your 401(k) in a bear market

Editor’s Note: This is an updated version of a story that originally ran on August 29, 2022. Stocks and bonds are trading in bear territory. And given current circumstances, it’s fair to assume the markets will remain volatile for awhile. interest rates are rising quickly in the US and Europe amid government efforts to tamp … Read more

How the United States is exporting inflation to other countries

London CNN Business — The Federal Reserve is laser-focused on stemming price increases in the United States. But countries thousands of thousands away are reeling from its hardball campaign to strangle inflation, as their central banks are forced to hike interest rates faster and higher and a runaway dollar pushes down the value of their … Read more

Markets in a tailspin get a big dose of chill from the Bank of England

This story is part of CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. New York CNN Business — All the drama out of the UK government is keeping me from catching up on the only UK drama I really want to consume, which is Love Island, season 8, … Read more

Why hurricanes are getting more expensive

A version of this story appears in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. CNN — After it made landfall in Cuba early Tuesday, Hurricane Ian is bearing down on Florida, with more than 1.75 million people under mandatory evacuation orders across the state. Follow the latest … Read more

Markets are now treating UK bonds like Greek and Italian debt

London CNN Business — The pound may have paused its headlong crash toward parity with the US dollar, but the damage to the UK economy sparked by Prime Minister Liz Truss’ huge tax-cutting gamble is still rippling through financial markets. Sterling stabilized early Tuesday to trade near $1.08, bouncing off Monday’s record low of around … Read more

Bank of America survey: 71% of workers say their pay isn’t keeping up with inflation

New York CNN Business — There is growing evidence that Americans are struggling to keep up with crushing inflation. Nearly three in four (71%) employees say the cost of living is outpacing their salary and wages, according to a Bank of America-sponsored survey shared first with CNN on Tuesday. That’s up from 58% in February. … Read more

Fed Chair Powell warned of ‘pain’ to come. Seniors on fixed incomes are already feeling it

CNN — America’s seniors are facing a lot of hard choices. despues de the Federal Reserve’s latest rate hike, the combination of climbing prices on everything from food to gas to utilities and ever-higher borrowing costs is making the finances of Americans on fixed incomes increasingly precarious. “Overall, they have an increase in daily living … Read more

The mysterious nine-second call from the White House to a January 6 rioter: CNN reveals the rioter’s identity for the first time

Washington CNN — At 4:34 pm on January 6, 2021a cell phone registered to a Capitol rioter who had stormed the building, received a phone call from a White House landline, according to records obtained by CNN. The call lasted for only nine seconds. Who placed the call and why remains a mystery, but it … Read more