CNN – Business/Consumer

By Nicole Goodkind, CNN As the year comes to a close, it seems that the market’s focus on inflation rates are shifting to a new area of concern: Unemployment. While the Federal Reserve has taken steps to fight inflation by curbing economic growth, the full extent of the damage to the employment market is yet

By Laura He, CNN Beijing has vowed to go all out next year to save its Covid-hit economy by boosting consumption and loosening control over private industry, including the struggling tech and property sectors. The new pledge marks a big shift from leader Xi Jinping’s years-long effort to rein in private businesses, which were perceived

By Katie Polglase and Gianluca Mezzofiore, CNN In between being blindfolded, locked in solitary confinement, and interrogated in a wheelchair while she was on a hunger strike following her late September arrest, Negin says she had a realization: Iranian officials were using her private Telegram chats, phone logs and text messages to incriminate her. “They

By Paul R. La Monica, CNN Mortgage rates have ticked down recently, but are still up dramatically from a year ago thanks to the surge in long-term bond yields as the Federal Reserve hiked interest rates. While that’s already had a negative impact on the housing market, we’ll get more details this week about how

By Oliver Darcy New Twitter owner Elon Musk offered several of the journalists he banned from the social media website earlier this week the ability to return to the platform if they deleted the tweets he falsely claimed shared his “exact real-time” location. The move from Musk came after he posted an unscientific poll on

By Parija Kavilanz, CNN Stores are drowning in a glut of merchandise this holiday season, keeping the discounts fast and furious in the runup to Christmas. And the deals are only getting juicier. So if you have the patience and the willpower to wait to grab a few bargains for yourself, you’ll be richly rewarded.

By Zoe Sottile, CNN Just in time for the holidays, artist collective MSCHF is releasing its newest playful art piece: a giant, 930-calorie, $19.99 fruit loop. MSCHF, a Brooklyn-based group of artists, is no stranger to headlines documenting their provocative, irreverent releases. Most recently, they operated an ATM at Art Basel Miami Beach that displayed

By Nathaniel Meyersohn, CNN A new checkout trend is sweeping across America, making for an increasingly awkward experience: digital tip jars. You order a coffee, an ice cream, a salad or a slice of pizza and pay with your credit card or phone. Then, an employee standing behind the counter spins around a touch screen

By Danielle Wiener-Bronner, CNN High lettuce costs are coming for Olive Garden’s never-ending salad. Darden Restaurants, which owns the casual dining chain in addition to Longhorn Steakhouse, Cheddar’s Scratch Kitchen and other restaurant chains, said that a spike in wholesale lettuce prices led to a big hit in the quarter ending November 27. “It was,

By Jon Sarlin, CNN Donald Trump’s entrance into the NFT world came at the worst possible moment. The former president’s hyped-up “major announcement” turned out to be a set of digital trading cards for $99 a pop, sparking widespread mockery from late-night hosts to even some Trump loyalists like Michael Flynn and Steve Bannon. But

By Matt Egan The Biden administration announced plans Friday to provide nearly 2 million barrels of oil to refineries through an emergency exchange and simultaneously begin efforts to replenish the Strategic Petroleum Reserve early next year. The new emergency exchange is aimed at addressing “potential supply disruptions” caused by the shutdown of the Keystone Pipeline

By Matt Egan The plunge in gasoline prices hit another milestone on Friday, with the national average sinking to the lowest level since September 2021. The sharp decline in pump prices is encouraging news for consumers after a year of high prices for groceries, rent and other essentials. A gallon of regular gas now sells