'Tis the season for family holiday projects and gifts that give back

Looking for a more meaningful holiday this year? We've compiled a list of ideas for your family, along with some gifts that give back.


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Humanitarian crisis worsens in Gaza as Israel-Hamas war rages

US Defense Secretary Lloyd Austin is heading to Israel on Monday, where he will push officials to define their milestones for the war with Hamas, according to a senior US defense official. Follow for live updates.


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Humanitarian crisis worsens in Gaza as Israel-Hamas war rages

An IDF sniper has killed a mother and daughter inside a Gaza church, according to the Latin Patriarchate of Jerusalem. Follow for live updates.


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Storm expected to strengthen as it tracks up the East Coast

A storm that formed in the Gulf of Mexico is expected to strengthen as it tracks up the East Coast, unleashing heavy rainfall and gusty winds. Follow for live news updates.


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Humanitarian crisis worsens in Gaza as Israel-Hamas war intensifies

The Israel Defense Forces says it mistakenly shot and killed three Israeli hostages in Gaza after misidentifying them as a threat. Follow for live news updates.


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Ketamine infusions improve symptoms of depression, anxiety and suicidal ideation, study says

People who got intravenous ketamine at three private ketamine infusion clinics had "significant improvement" in symptoms of depression, anxiety and suicidal ideation, a study says.


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Puerto Rico Fast Facts

Read CNN's Fast Facts about the Commonwealth of Puerto Rico, a self-governing US territory located in the Caribbean.


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Rand Paul Fast Facts

Read Fast Facts from CNN about Rand Paul and learn more about the US senator from Kentucky.


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Humanitarian crisis worsens in Gaza as Israel-Hamas war intensifies

With more than 18,000 people killed in the Gaza Strip in less than three months, there is a growing international outcry about the rising toll. But Israeli officials are warning the war likely won't be over any time soon. Follow for live news updates.


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Mississippi officer who shot 11-year-old is suspended without pay

The Mississippi police officer who wrongfully shot an 11-year-old after the boy called 911 for help has been suspended without pay effective immediately, according to a member of the Indianola Board of Aldermen.


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Oprah Winfrey Fast Facts

Read CNN's Oprah Winfrey Fast Facts and learn more about the former host of the award-winning "The Oprah Winfrey Show."


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Flint Water Crisis Fast Facts

Read Fast Facts from CNN about the water crisis in Flint, Michigan.


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Kwanzaa Fast Facts

Read CNN's Fast Facts on Kwanzaa and learn more about this African American holiday celebrated each year from December 26 to January 1.


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Dow Jones Industrial Average Fast Facts

Read Fast Facts on CNN to learn about the Dow Jones Industrial Average.


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Today's news in 10 minutes

December 14, 2023


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House expected to vote on Biden impeachment inquiry

The House is expected to vote on a resolution to formalize an impeachment inquiry into President Joe Biden on Wednesday. Follow for live news updates.


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Wall Street awaits Fed decision on rates

The Federal Reserve is set to announce its latest monetary policy decision Wednesday afternoon. Markets are fully expecting the central bank will hold rates steady for the third-straight time as it reviews data outlining the impact of the previous 11 rate hikes.


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Humanitarian crisis worsens in Gaza as Israel-Hamas war intensifies

Seven Israeli soldiers, including a battalion commander, have been killed in a single incident in northern Gaza, Israel's military said on Tuesday. Follow for live updates.


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Today's new in 10 minutes

December 13, 2023


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CNN town hall with Florida Gov. Ron DeSantis in Iowa

Florida Gov. Ron DeSantis is participating in a CNN town hall tonight from Grand View University in Des Moines, Iowa, with just weeks until the pivotal Republican caucuses in the state. Follow here for the latest live news updates.


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Zelensky visits Washington in push for more Ukraine aid

Ukrainian President Volodymyr Zelensky is meeting with President Joe Biden at the White House and lawmakers on Capitol Hill Tuesday as discussions on a Ukraine aid deal remain stalled. Follow for the latest live news updates.


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Humanitarian crisis worsens in Gaza as Israel-Hamas war intensifies

The United Nations General Assembly will resume its emergency session Tuesday on Gaza, days after the United States vetoed a Security Council resolution calling for a ceasefire. Follow for live updates.


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Today's new in 10 minutes

December 12, 2023


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Opinion: Putin's nemesis has a spirit that can outlast any strongman

Odessa Rae, producer of "Navalny," shares with CNN Opinion new details about Alexey Navalny's confinement -- and reflects on his enduring source of strength.


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Humanitarian crisis worsens in Gaza as Israel-Hamas war intensifies

Israel's military said it struck more than 250 Hamas targets as battles rage across Gaza, including in the southern city of Khan Younis, where the IDF has ordered residents to evacuate to a coastal area with few facilities. Follow for live updates.


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Today's new in 10 minutes

December 11, 2023


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Humanitarian crisis worsens in Gaza as Israel-Hamas war intensifies

Clashes between the Israeli military and Hamas are taking place in multiple parts of the Gaza Strip. Follow for live news updates.


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University of Pennsylvania President Liz Magill resigns

Liz Magill, the president of University of Pennsylvania, voluntarily stepped down from the helm of the Ivy League school on Saturday, according to an announcement from board chair Scott Bok.


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Israel-Hamas war: US vetoes UN resolution calling for Gaza ceasefire

The United States vetoed a UN Security Council resolution Friday calling for an immediate ceasefire in Gaza. Follow for live updates.


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Hamid Karzai Fast Facts

Read CNN's Fast Facts about Hamid Karzai, the former president of Afghanistan.


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Michigan school shooter to be sentenced

Ethan Crumbley will be sentenced in a hearing Friday for killing four students and wounding seven others when he opened fire at Oxford High School in Michigan in November 2021. Follow here for the latest live news updates.


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What? You're calling my kid a simp?

Simp is slang for a person (typically a man) who is desperate for the attention and affection of someone else (typically a woman).


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'They destroyed our trees': Women say their farms were seized to support Indonesia's electric vehicle boom

Indonesia has ambitious plans to become a hub for manufacturing electric vehicles. Its abundance of natural resources, particularly nickel, has given it a key advantage: battery production. On the island of Sulawesi, women tell CNN their farms are being seized without their consent to support the industry's growth. This story is part of As Equals, CNN's ongoing series on gender inequality.


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Humanitarian crisis worsens in Gaza as Israel-Hamas intensifies

There is "unimaginable loss, destruction and misery" in the Gaza Strip, the head of the World Food Programme said Thursday. "Everyone in Gaza is hungry," WFP chief Cindy McCain said. Follow for live updates.


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Today's news in 10 minutes

December 8, 2023


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At least 3 dead after shooting on UNLV campus, Las Vegas police say

Three people were killed and one person is in critical condition after a shooting on the UNLV campus, the Las Vegas Metropolitan Police said Wednesday. The suspect was also killed, police said.


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Man accused of killing former girlfriend by throwing her over balcony found guilty

A man accused of killing his former girlfriend, Amie Harwick, by throwing her over a balcony in February 2020 was found guilty by a jury Thursday in Los Angeles. Gareth Pursehouse, 45, was found guilty of one count of murder in the death of Harwick, a former sex therapist who was once engaged to comedian Drew Carey, and first-degree residential burglary with a special circumstance allegation of lying in wait, the Los Angeles County District Attorney's office announced.


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Bank CEOs warn about a looming recession

1 min ago

What is Basel III endgame?



A catchphrase you'll likely hear throughout today's Senate Banking Committee hearing is "Basel III" or "Basel III endgame." But what exactly is that?

Basel III endgame is the title of a package of new banking regulations that could go into effect in the coming years. It was recently greenlighted by the Federal Reserve, Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation.

However, the proposal — which, among other things, would increase the level of capital that banks with at least $100 billion in assets would be required to hold — has been met with significant backlash from lawmakers on both sides of the aisle as well as bank CEOs.

US banks deemed systemically important globally — or, colloquially, “too big to fail” — would have to set aside an additional 19% of capital on average, according to the proposal. Banks with more than $250 billion in assets that aren’t considered systemically important would see a 10% increase in the capital they’re required to hold.

If banks have to set aside more capital, that means they have fewer funds to lend out to businesses and consumers. And bank CEOs argue it would force them to charge higher interest rates on loans.

But many top financial regulators argue that having a bigger capital cushion would strengthen banks' ability during periods of financial stress where they could be more vulnerable. That, many feel, would lessen the risk that taxpayer funds would be needed to bail out banks, as was the case in the wake of the Great Recession.

Importantly, Basel III endgame has not been finalized and the standard notice-and-comment rule-making process was recently extended to January 16, 2024 from November 30.

Read more 1 hr 23 min ago

Citi CEO apologizes for illegal discrimination against Armenian Americans

Jane Fraser, chief executive officer of Citigroup Global Markets Inc., during a House Financial Services Committee hearing in Washington, D.C., on September 21, 2022.  Al Drago/Bloomberg/Getty Images

In the remarks for the hearing on Wednesday, Citi CEO Jane Fraser publicly acknowledged for the first time a Consumer Financial Protection Bureau investigation alleging the bank illegally discriminated against Armenian Americans for years by singling them out on credit card applications based on their surnames.

“We are deeply sorry and apologize to the Armenian American community that we recently fell short of our fair lending expectations,” Fraser said in her prepared remarks, adding that Citi has “taken action to make things right and prevent any recurrence.”

The CFPB found that from at least 2015 through 2021, Citi “targeted” retail services credit card applicants whom employees associated with Armenian national origin.

“Citi treated Armenian Americans as criminals who were likely to commit fraud,” the CFPB alleged.

Citi applied more stringent criteria to suspected Armenian Americans’ applications, including “denying them outright,” placing blocks on the accounts and requiring additional information, according to the regulator.

The CFPB said Citi targeted applicants with last names ending in “-ian” and “-yan” as well as applicants in and around Glendale, California, which is home to a large Armenian American population.

Read more1 hr 23 min ago

BofA's CEO said consumers are pulling back

Brian Moynihan, CEO of Bank of America, talks with reporters at Associated Press headquarters in New York in November 2022. Seth Wenig/AP

Bank of America CEO Brian Moynihan did not include his thoughts on the economic outlook in his prepared remarks. However, he said that “the way consumers are spending money is leveling out,” in an interview with CNBC on Tuesday. “But all in all [consumers are in] pretty decent shape.”

He also suggested that the Federal Reserve is in the midst of pulling off a soft landing — that is, getting inflation under control without a significant spike in the unemployment rate.1 hr 23 min ago

Citi's CEO is warning about the economy



Add Citigroup CEO Jane Fraser to the growing list of bank CEOs who are warning about tough times ahead.

While Fraser doesn’t “see a drastic downturn on the horizon,” the head of the third-largest bank in the United States does see a recession coming, she said in prepared remarks released by the Senate Banking Committee on Tuesday ahead of an annual hearing on Wall Street oversight on Wednesday.

That recession could result because of factors including “persistent inflation in services, rising debt [levels], a slowdown in global growth and two major conflicts in Europe and the Middle East.”

On the consumer spending side, Fraser warned lawmakers that Citi data suggests people are pulling back more. That aligns with recent government consumer spending data. At the same time, customers who fall in the lowest band of credit scores are taking on the highest levels of debt since 2019, Fraser is set to say.

Read more1 hr 23 min ago

Jamie Dimon said to be prepared for recession



From CNN's Nicole GoodkindJamie Dimon, chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview on the sidelines of the JPMorgan Tech Stars Leadership Forum in London, UK, on October 2. Jason Alden/Bloomberg/Getty Images

Although not part of his prepared testimony for Wednesday, JPMorgan Chase CEO Jamie Dimon issued a stark warning to Wall Street last week about the economy: Inflation could rise further and recession is not off the table.

“A lot of things out there are dangerous and inflationary. Be prepared,” he said at the 2023 New York Times DealBook Summit in New York. “Interest rates may go up and that might lead to recession.”

Governments across the globe need more money, he said, to fund the green economy, remilitarize and to address energy crises — and that will all be inflationary.

Read more


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The latest on the 2024 campaign and GOP debate

Republican candidates are facing off tonight in Alabama in the fourth presidential debate of the 2024 cycle with only weeks to go until the Iowa caucuses. Follow here for the latest live news updates, reactions and analysis.


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Norman Lear Fast Facts

Read CNN's Norman Lear Fast Facts and learn about the life of the award-winning television producer.


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Humanitarian crisis worsens in Gaza as Israel-Hamas fighting intensifies

Israel's military reported intense fighting in southern Gaza Tuesday as it surrounded the city of Khan Younis. The IDF also said it had encircled the northern Jabalya refugee camp, which it claims is a Hamas stronghold. Follow for live updates.


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Today's new in 10 minutes

December 6, 2023


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Period poverty: How air pollution in Kenya could make periods heavier, more painful and more expensive

Period poverty affects millions worldwide. New research now suggests air pollution is making periods heavier and more painful. CNN travels to Nairobi to look at how this is affecting Kenya's most vulnerable women.


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Humanitarian crisis worsens in Gaza as Israel-Hamas fighting intensifies

Israeli airstrikes hit about 200 Hamas targets in Gaza, the Israel Defense Forces said Monday, a day after the IDF announced expansion of its ground operations to the entire enclave after the collapse of a truce with Hamas last week. Follow for live updates.


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Today's new in 10 minutes

December 5, 2023


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Hu Jintao Fast Facts

Check out CNN's Hu Jintao Fast Facts for a look at the life of the former president of the People's Republic of China.


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Breakthrough Women Fast Facts: Business, Education, US Government and Sports

View CNN's Fast Facts to learn more about US women breaking through the glass ceiling in government, education, business and sports.


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December 3, 2023 Israel-Hamas war

The Israel Defense Forces on Sunday announced it is expanding its ground operations to all of Gaza. Israel has been bombarding the enclave as combat operations resume following the collapse of a truce with Hamas on Friday. Follow for live updates.


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Today's new in 10 minutes

December 4, 2023


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December 2, 2023 Israel-Hamas war

Israel has recalled its team of negotiators from Qatar after reaching a "dead end" in talks aimed at securing a fresh pause in fighting.


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