McCarthy commits to major concession in talks with frustrated House Republicans

CNN — House GOP leader Kevin McCarthy outlined some of the concessions he has agreed to in his campaign for speakership on a conference call Sunday night — including making it easier to overthrow the speaker, according to multiple GOP sources on the call. But McCarthy could not say whether he would have the votes … Read more

Xi Jinping estimates that China’s GDP will grow by at least 4.4% in 2022. But Covid woes are lurking

Hong-Kong CNN — China’s economy grew at least 4.4% in 2022, according to leader Xi Jinping, a figure much stronger than many economists had expected expected. But the current wave of Covid could hamper growth in the coming months. China’s annual GDP is expected to have surpassed 120 trillion yuan ($17.4 trillion) last year, Xi … Read more

McCarthy commits to major concession in talks with frustrated House Republicans

CNN — House GOP leader Kevin McCarthy outlined some of the concessions he has agreed to in his campaign for speakership on a conference call Sunday night — including making it easier to overthrow the speaker, according to multiple GOP sources on the call. But McCarthy could not say whether he would have the votes … Read more

Suspect in New Year’s Eve machete attack on New York police officers expressed desire in diary to join Taliban and die as a martyr, sources say

CNN — The 19-year-old being held by the New York Police Department as a suspect in a machete attack against three police officers. multiple law enforcement sources. Trevor Bickford remains in custody and under police guard at Bellevue Hospital, where he is being treated for a gunshot wound to the shoulder sustained in the attack, … Read more

Bryan Kohberger: Idaho student murder suspect plans to waive extradition hearing, lawyer says

CNN — The suspect in the murder of four University of Idaho college students plans to waive his extradition hearing this week, his attorney said, to speed his return to Gem State, where he faces four counts of first-degree murder guess. Bryan Christopher Kohberger is “a little shocked,” Jason LaBar, chief public defender for Monroe … Read more

Canada bans some foreigners from buying real estate after housing prices rise

New York CNN — Canada will close its doors to foreign investors who want to buy homes in 2023. On January 1, a new Canadian law went into effect that essentially prohibits foreign buyers from buying homes as an investment for two years. The law was passed due to a spike in Canadian home prices … Read more

1 killed, at least 9 others injured in New Year’s Eve shooting in Alabama

CNN — One person was killed and nine others injured in a shooting in Mobile, Alabama, Saturday night, just blocks from where people had gathered for the city’s New Year’s Eve celebration, according to CNN affiliate WPMI. Police received a call about shots fired at 11:15 p.m. in the 200 block of Dauphin Street, Mobile … Read more

Flooding prompts indefinite closure of major Bay Area highway and evacuation warnings in Northern California neighborhoods

CNN — U.S. Highway 101, one of California’s most famous routes, has been closed “indefinitely” due to heavy rains and snowmelt roads, especially in the northern half of the state, officials said. Authorities with the California Highway Patrol had said earlier Saturday that the south San Francisco roadway was closed in both directions. In a … Read more

Premarket Stocks: Wall Street’s Biggest Winners and Losers in 2022

A version of this story first appeared in CNN Business’s Before the Bell newsletter. Not a subscriber? You can sign up here. You can listen to an audio version of the newsletter by clicking on the same link. New York CNN — It was not a good year for the stock market. The S&P 500 … Read more

The Attorney General of the Virgin Islands is suing JPMorgan Chase over banking services for Jeffrey Epstein

New York CNN — The U.S. Virgin Islands government filed a lawsuit Tuesday against JPMorgan Chase alleging that the Wall Street bank profited financially from Jeffrey Epstein’s sex trafficking operation and failed to fulfill its duty to report suspicious financial activity. “For more than a decade, JPMorgan (JPM) clearly knew it was not complying with … Read more