CNN – Business/Consumer

By Oliver Darcy, CNN The most prominent stars and highest-ranking executives at Fox News privately ridiculed claims of election fraud in the 2020 election, despite the right-wing channel allowing lies about the presidential contest to be promoted on its air, damning messages contained in a Thursday court filing revealed. The messages, included in a legal

By Alicia Wallace, CNN Americans continued to add to their debt at the end of last year — and grew their credit card balances at record rates, according to data released Thursday by the Federal Reserve Bank of New York. Total US household debt hit a record $16.9 trillion during the fourth quarter, an increase

By Anna Bahney, CNN Mortgage rates climbed higher for the second consecutive week, following four weeks of declines. Inflation is running hotter, making rates more volatile, with the expectation that they will move in the 6% to 7% range over the next few weeks. The 30-year fixed-rate mortgage averaged 6.32% in the week ending February

By Paul R. La Monica, CNN Inflation doesn’t seem to be going away anytime soon. And that’s weighing on Wall Street. Stocks tumbled Thursday after the US government’s Producer Price Index report showed that prices at the wholesale level rose faster than expected in January. The Dow fell more than 430 points, or 1.3%. The

By Kara Scannell and Allison Morrow, CNN A federal judge said Thursday that there may be “probable cause” to believe that FTX founder Sam Bankman-Fried engaged in attempted witness tampering and other activities that could land him in jail. There “may very well be probable cause to believe that he has committed or attempted to

By Chris Isidore, CNN Tesla has fired more than 30 supporters of a nascent union at its Buffalo facility, just days after the organizing effort was announced, according to the union. The union, Tesla Workers United, has filed a complaint with the National Labor Relations Board alleging the company illegally fired its supporters. The complaint

By Anna Bahney, CNN US home building fell again in January, marking five straight months of declines, even as mortgage rates moderated and inflation cooled. Housing starts, a measure of new home construction, fell by 4.5% in January from December. That’s down 21.4% from a year ago, according to data released Thursday by the Census

By Alicia Wallace, CNN A key inflation metric showed wholesale prices picked up in January from December but continued to cool on an annual basis, according to data released Thursday by the Bureau of Labor Statistics. The Producer Price Index, which measures what suppliers are charging businesses, rose 6% for the year ending in January.

By Peter Valdes-Dapena, CNN Ford recently stopped production on the electric F-150 Lightning pickup because of a possible battery problem. A Ford spokesperson now says a return to production “could take a few weeks.” The potential issue was discovered during the automaker’s pre-delivery vehicle inspections, Ford spokesperson Emma Berg said in an emailed statement. “We

By Kate Trafecante, CNN World Bank President David Malpass plans to step down a year before his term is set to end, the organization announced Wednesday. Malpass will leave his position on June 30, the end of the World Bank’s fiscal year, after serving more than four years in the role. “It has been an

By Dayun Park Howard Schultz has declined Bernie Sanders’ request to testify before Congress. In a refusal relatively rare on Capitol Hill, Starbucks Chief Executive Schultz turned the Vermont senior senator down Tuesday when asked to appear and testify about the coffee giant’s compliance with federal labor laws. Sanders, who chairs the Senate Health, Education,