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…
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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 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 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 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 Disney+ is getting more expensive… unless you want ads
By Frank Pallotta, CNN Business Disney+ just got more expensive. Unless you’re willing to watch ads. The Disney+ new ad-supported subscription…
Continue Reading Food prices are skyrocketing, and it’s not just because of inflation
By Danielle Wiener-Bronner, CNN Business Inflation may be slowing overall, but food prices are still sky-high. Over the last 12 months, grocery…
Continue Reading Media critic Margaret Sullivan to depart The Washington Post
By Oliver Darcy, CNN Business Media critic Margaret Sullivan is retiring her acclaimed column and leaving The Washington Post this month.…
Continue Reading Opinion: It’s not just Equifax. The whole credit reporting system needs an overhaul
Opinion by Mike Litt for CNN Business Perspectives America’s credit reporting system is broken. We saw the latest evidence of this last week,…
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Shopping online just got cheaper
CNN — Customers who do most of their shopping online are getting a break from high prices. According to Adobe, e-commerce dropped 1% in July in a…
Continue Reading Price hikes took a breather in July, fueling hopes that inflation has peaked
Martha C. White for CNN Business Runaway inflation took a breather in July, with consumer prices increasing by 8.5% year over year, a slower pace…
Continue Reading Coke’s latest bizarre flavor is here
By Danielle Wiener-Bronner, CNN Business Coca-Cola’s latest experimental, limited-time flavor is here. It’s called … wait for it…
Continue Reading Warby Parker is slashing jobs as inflation takes a toll on fashion
By Parija Kavilanz, CNN Business Trendy eyewear brand Warby Parker is the latest in a string of retailers struggling to stay the course as a wobbly…
Continue Reading Crypto is making a comeback
By Paul R. La Monica, CNN Business Is the crypto winter finally over? (And in the scorching heat of summer no less?) Bitcoin prices have stabilized…
Continue Reading Elon Musk sells nearly 8 million Tesla shares
By Chris Isidore, CNN Business Tesla CEO Elon Musk sold 7.9 million shares of Tesla in recent days, raising $6.9 billion with the sales. The sales…
Continue Reading Fox boss Lachlan Murdoch privately levels harsh criticism against Trump, sources say
By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
Continue Reading Ford just raised the price of its electric F-150 by up to $8,500
By Peter Valdes-Dapena, CNN Business Ford on Thursday will once again begin taking orders for its popular F-150 Lightning electric pickup truck. But…
Continue Reading Coinbase may have a savior in BlackRock, but crypto concerns remain
By Paul R. La Monica, CNN Business Crypto brokerage Coinbase has been hit hard by the meltdown in bitcoin prices this year. The stock has plunged 65%…
Continue Reading Opinion: Americans are fed up with billionaires. Washington needs to get the wealthy to pay up
Opinion by Sarah Anderson and Rebekah Entralgo for CNN Business Perspectives Imagine if America’s ultra-wealthy invested the financial gains…
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