Home prices hit a new record high in the second quarter
By Anna Bahney, CNN Business Despite rising mortgage rates that dampened sales, home prices continued to climb higher in the second quarter, with…
Continue ReadingCNN – Business/Consumer
The US Postal Service is raising rates for the holidays
By Jordan Valinsky, CNN Business For the third year in a row, the United States Postal Service is hiking the prices of its delivery services —…
Continue Reading The streaming wars are over
By Frank Pallotta, CNN Business In November 2019, Disney debuted Disney+, kicking off the so-called streaming wars and prompting companies across the…
Continue Reading This tried-and-true investing strategy isn’t working
By Paul R. La Monica, CNN Business If you are getting closer to retirement age…or if you’re just a super conservative investor terrified…
Continue Reading This tried-and-true investing strategy isn’t working
CNN, CNNBUSINESS By Paul R. La Monica, CNN Business If you are getting closer to retirement age…or if you’re just a super conservative…
Continue Reading McDonald’s is starting to reopen in Ukraine
By Danielle Wiener-Bronner, CNN Business After closing its restaurants in Ukraine six months ago because of the Russian invasion, McDonald’s is…
Continue Reading Gas prices tumble below $4 for the first time in months
CNN, POOL, KUSA By Anna Cooban and Matt Egan, CNN Drivers in the United States can breathe a small sigh of relief — average gas prices have dropped…
Continue Reading Mortgage rates climb above 5% once again
By Anna Bahney, CNN Business Mortgage rates climbed above 5% again, after dipping below that threshold for the first time in months a week earlier.…
Continue Reading Cost of back-to-school essentials — glue, markers, pens, backpacks — has jumped
By Parija Kavilanz, CNN Business As parents and teachers prepare for students to return to classrooms this fall, they’re grappling with how…
Continue Reading Opinion: The Democrats’ sweeping economic package doesn’t go far enough for low-income families
Opinion by Mark Wolfe for CNN Business Perspectives The Inflation Reduction Act, the Democrats’ tax, climate and health care bill that the…
Continue Reading This key inflation measure fell, but remains painfully high
Martha C. White for CNN Business A benchmark measure of inflation slowed in July after surging in the previous month, offering a glimmer of hope that…
Continue Reading Moderna CEO says Covid vaccines will evolve like ‘an iPhone’
By Michelle Toh, CNN Business Forget taking two to three Covid shots a year. Moderna hopes to roll out a single-dose annual booster to cover the…
Continue Reading Moderna CEO says Covid vaccines will evolve like ‘an iPhone’
CNN, CNN BUSINESS By Michelle Toh, CNN Business Forget taking two to three Covid shots a year. Moderna hopes to roll out a single-dose annual booster…
Continue Reading When will price increases end? Probably never
CNN By Nicole Goodkind, CNN Business A dollar just isn’t worth what it used to be. At the grocery store, you’re getting about 11 cents…
Continue Reading Beyond oil, there’s not much to cheer about on inflation
By Nicole Goodkind, CNN Business Prices in the US stayed the same last month. That’s a cause for celebration: it’s the first time they…
Continue Reading Gas prices tumble below $4 for the first time in months
By Anna Cooban and Matt Egan, CNN Drivers in the United States can breathe a small sigh of relief — average gas prices have dropped below $4 a…
Continue Reading SoftBank is selling its crown jewels to ride out ‘severe market’
By Laura He, CNN Business SoftBank is set to gain more than $34 billion by cutting its stake in Alibaba, the crown jewel of its investment portfolio,…
Continue Reading Manhattan rents hit record high for the sixth month in a row
By Anna Bahney for CNN Business Rents in Manhattan have hit a record high for the sixth month in a row. Median rent for an apartment in Manhattan…
Continue Reading Elon Musk’s antics may finally be catching up to him
By Allison Morrow, CNN Business It seems the Elon Musk mystique — whatever combination of wealth, carefully cultivated charm and A-plus lawyers…
Continue Reading A $1,500 ‘option’ is now mandatory on GMC, Buick, and some Cadillac models
By Peter Valdes-Dapena, CNN Business General Motors is selling three years of OnStar service as a $1,500 “option” on all Buick and GMC…
Continue Reading