Mortgage rates inch up, lingering above 7%
By Anna Bahney, CNN Washington, DC (CNN) — US mortgage rates ticked up this week, ending a two-week streak of slight declines. Rates have…
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US retail spending picked up in August, mostly due to sales at gas stations
By Bryan Mena, CNN Washington, DC (CNN) — US retail sales picked in August, boosted by higher gas prices, as spending on other items grew modestly.…
Continue ReadingUAW to target strikes at Ford, GM and Stellantis at midnight if no deal reached
By Chris Isidore and Vanessa Yurkevich, CNN Detroit (CNN) — United Auto Workers President Shawn Fain on Thursday night said the union will…
Continue ReadingShares of AI chip designer Arm jump 25% after largest IPO in nearly two years
By Nicole Goodkind, CNN New York (CNN) — The largest public offering since 2021 is here. After a nearly two-year drought in the IPO market,…
Continue ReadingWholesale inflation ticked up last month, exceeding expectations
By Elisabeth Buchwald, CNN New York (CNN) — Wholesale inflation accelerated for the second month in a row, mirroring a similar trend in the…
Continue ReadingHaven’t been paying attention to the UAW strike? What you need to know
CNN By Chris Isidore and Vanessa Yurkevich, CNN Detroit (CNN) — Time has run out to avert a strike at America’s unionized automakers. The…
Continue ReadingHaven’t been paying attention to the UAW strike? What you need to know
By Chris Isidore and Vanessa Yurkevich, CNN Detroit (CNN) — America’s auto industry is facing a historic challenge. The United Auto Workers…
Continue ReadingThe European Central Bank takes rates to a record high and signals the end of hikes
By Olesya Dmitracova, CNN London (CNN) — The European Central Bank raised interest rates by a quarter of a percentage point to 4% Thursday and…
Continue ReadingTaiwan hits back at Elon Musk’s claim that it is ‘part of China’
By Akanksha Sharma and Michelle Toh, CNN Hong Kong (CNN) — Taiwan’s Ministry of Foreign Affairs has hit back after Elon Musk called the…
Continue ReadingExtreme weather may cost the global fashion industry $65 billion by 2030
By Michelle Toh, CNN Hong Kong (CNN) — Extreme heat and flooding are set to deal a massive blow to the global fashion industry, with four of…
Continue ReadingAmerican Eagle sues Westfield over San Francisco mall conditions
By Nathaniel Meyersohn, CNN New York (CNN) — American Eagle filed a lawsuit against shopping mall owner Westfield, accusing the company of…
Continue ReadingAuto Workers’ targeted strike plan will limit walkouts while grinding auto production to a halt
By Chris Isidore and Vanessa Yurkevich, CNN Detroit (CNN) — United Auto Workers President Shawn Fain announced a targeted strike plan Wednesday if…
Continue ReadingFormer Starbucks CEO Howard Schultz steps down from board of directors
By Ramishah Maruf, CNN New York (CNN) — Starbucks announced Wednesday that Howard Schultz is stepping down from its board of directors – but…
Continue ReadingGoogle is laying off hundreds in its recruitment division
By Clare Duffy, CNN New York (CNN) — Google confirmed it will lay off hundreds of staff members who helped recruit and hire employees, as…
Continue ReadingBarbie toy sales shoot up 25% after film’s release
By Parija Kavilanz, CNN New York (CNN) — The ‘Barbie’ movie, which turned into a global box office phenomenon in a matter of weeks, appears…
Continue ReadingHere’s what got cheaper and what got more expensive at grocery stores last month
By Elisabeth Buchwald, CNN New York (CNN) — As overall US inflation heated up last month, consumers got some relief at grocery stores. Grocery…
Continue ReadingTrump set for ‘Meet the Press’ interview Sunday as Kristen Welker takes over as moderator
By Oliver Darcy and Kristen Holmes, CNN (CNN) — Kristen Welker will face a big first test as moderator of “Meet the Press” on her debut…
Continue ReadingBankrupt FTX gets permission to liquidate crypto assets
By Allison Morrow, CNN New York (CNN) — A bankruptcy judge granted FTX, the collapsed crypto exchange founded by Sam Bankman-Fried, permission…
Continue ReadingCar insurance rates just had their biggest annual jump in 47 years. This is why
By Elisabeth Buchwald, CNN New York (CNN) — Across the United States, the cost of car insurance is up 19% compared to a year ago, according to…
Continue ReadingMarvel visual effects workers unanimously vote to unionize
By Ramishah Maruf, CNN New York (CNN) — Marvel Studio’s VFX workers unanimously voted to unionize with the International Alliance of…
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