Money

By Bryan Mena and Anna Bahney, CNN Washington (CNN) — Americans are in the throes of the worst housing affordability crisis in decades. Baby Boomers aren’t parting with their homes, insurance costs are skyrocketing, mortgage rates are sky-high and half of renters say they can’t afford their monthly payment. Some have given up on ever owning

By Chris Isidore, CNN New York (CNN) — After being rocked by years of quality and safety issues, Boeing is changing the bonus formula it uses to pay more than 100,000 nonunion employees. Instead of basing most of white-collar employees’ bonuses on financial results, bonuses will now be based mostly on safety and quality metrics.

By Alicia Wallace, CNN New York (CNN) — The US labor market appears to be doing just swell — but the boom times are likely in the rearview mirror. The economy added 275,000 jobs in February, the Bureau of Labor Statistics reported Friday, a stronger-than-expected gain that shows the foundation for economic growth remains quite

By Hilary Whiteman, CNN (CNN) — Within a year of calling off his last wedding, nonagenarian billionaire Rupert Murdoch has popped the question to another partner, months after they started dating. The former News Corp chairman’s media representative confirmed the news to CNN on Friday, just days before the billionaire’s 93rd birthday next Monday. It’s the

CNN By Brian Fung, CNN Washington (CNN) — A powerful House committee advanced a bill on Thursday that could lead to a nationwide ban against TikTok on all electronic devices, renewing lawmakers’ challenge to one of the world’s most popular social media apps and highlighting unresolved fears that TikTok may pose a Chinese government spying

By Peter Valdes-Dapena, CNN (CNN) — Rivian, the electric vehicle startup known for its of-road capable truck and SUV models, has unveiled two new, more affordable SUVs that the company hopes will take its sales to a new level. Currently, Rivian sells only two models, the big R1T SUV and the the R1S pickup, priced

By Matt Egan, CNN New York (CNN) — Even as unemployment remains historically low and recession fears fade, consumer credit scores are starting to buckle. The national average FICO score dipped to 717 as of October, down from 718 in July, according to data released Wednesday by FICO, an analytics company that evaluates the strength

Analysis by Hanna Ziady, CNN London (CNN) — The first fatal attack on a commercial vessel in the Red Sea since Iran-backed Houthi rebels began targeting ships late last year has laid bare the enormous challenge of restoring safe passage along one of the world’s most important trade routes. At least three crew members were

By Nathaniel Meyersohn, CNN New York (CNN) — Costco locked in $1.50 hot dog-soda loyalists. Now, it’s chasing a different clientele: precious metal investors and collectors. Costco recently started selling silver coins for the first time, finance chief Richard Galanti told CNN. The company is selling 25-count tubes of 1 oz. Canada Maple Leaf Silver

By Pete Muntean and Gregory Wallace, CNN (CNN) — Boeing is now party to a new federal investigation involving a 737 Max after United Airlines pilots reported that part of the flight controls became jammed as they landed in Newark last month. In a newly-released preliminary report of the February 6 incident, the National Transportation

By Anna Bahney, CNN Washington, DC (CNN) — Mortgage rates ticked down slightly this week, a tiny boon to buyers eager to make a move with newly listed homes coming to market. The 30-year fixed-rate mortgage averaged 6.88% in the week ending March 7, down from 6.94% the previous week, according to data from Freddie

By Jordan Valinsky, CNN New York (CNN) — While a mega merger between two of America’s largest grocery chains is snarled in regulatory red tape, a smaller European rival is eyeing a major expansion in the US. Aldi said Thursday that it plans to open 800 new stores nationwide in a $9 billion expansion plan,

By Brian Fung, CNN Washington (CNN) — A powerful House committee advanced a bill on Thursday that could lead to a nationwide ban against TikTok on all electronic devices, renewing lawmakers’ challenge to one of the world’s most popular social media apps and highlighting unresolved fears that TikTok may pose a Chinese government spying risk.

By Anna Cooban and Nadine Schmidt, CNN London/Berlin (CNN) — Germany’s biggest airline has warned that ongoing strikes by thousands of its ground staff and airport workers could hurt its earnings this quarter, after walkouts earlier this year already cost the company more than $100 million. Lufthansa Group, which owns German flag carrier Lufthansa and

By Elisabeth Buchwald, CNN New York (CNN) — Customers of New York Community Bank (NYCB) pulled $6 billion worth of deposits between February 5 and March 5, leaving the bank’s deposit base 7% lower, at $77 billion. However, the pattern is not indicative of a bank run, which these days can drain a lender of funds

By Alicia Wallace, CNN New York (CNN) — Don’t be surprised if Friday’s jobs report shows that February’s employment gains were far below those reported for January. Economists expect that US employers added 200,000 jobs last month, according to FactSet estimates. Such a tally pales in comparison to January’s whopping 353,000 job gains. But February’s

By Melissa Alonso and Amanda Jackson, CNN Atlanta (CNN) — Self-checkout annoys many grocery shoppers and causes problems that are prompting numerous major retailers to pull back on using it. But that’s not stopping the Transportation Security Administration from testing a self-service screening system at Harry Reid International Airport in Las Vegas later this month.

By Laura He, CNN Hong Kong (CNN) — China registered a surprise jump in foreign trade at the start of the year, partly because of strong demand from Russia, India and emerging markets in Africa and Latin America. Exports from the world’s second largest economy rose by 7.1% in the January-to-February period, beating the 1.9%

By Brian Fung, CNN Washington (CNN) — Europeans using Apple, Google and other major tech platforms woke to a new reality Thursday as a landmark law imposed tough new competition rules on the companies — changing European Union citizens’ experience with phones, apps, browsers and more. The new EU regulations force sweeping changes on some