CNN – Business/Consumer

By Paul R. La Monica, CNN Business The housing market is showing no significant signs of slowing, despite some concerns that prices may be close to peaking as mortgage rates climb. Housing starts in September were up from a year ago, while existing home sales topped economists’ forecasts and rose from August levels. Even as

By Anneken Tappe, CNN Business Covid continues to loom over the US economy, but economic activity is nonetheless inching closer to its pre-pandemic strength, helped in large part by people returning to their offices. The biggest problem putting a damper on early celebrations: the ongoing supply chain crisis. The Back-to-Normal Index created by CNN Business

By Matt McFarland, CNN Business The question of who will regulate cutting-edge driving technologies appears to be answered. For years, the US government hasn’t regulated driver-assist systems like Tesla’s Autopilot and GM’s SuperCruise. Automakers can do as they please because there are no standards for these systems. But President Joe Biden’s administration appears to want

By Kathryn Vasel, CNN Business It’s a nice feeling to get multiple job offers and be able to choose the best possible opportunity. But how you turn down potential employers is also important for your career. “You don’t want to burn any bridges, the world is really small,” said Karen Delk, CEO of Davis Delk

By Jordan Valinsky, CNN Business Chipotle’s smoked brisket was always intended to be a limited-time menu item. But it’s been so popular that the offering is ending earlier than planned. The company revealed in Thursday’s earnings call that the brisket promotion will end in November, meaning it will just be on sale for partial quarter.

By Alexis Benveniste, CNN Business The Financial Stability Oversight Council released a report on climate change Thursday, outlining the danger that a warming planet will have on the financial future of the United States. Climate change is an “emerging threat to the financial stability of the United States,” Stephen Ledbetter, the executive director and director

By Matt Egan, CNN Business The Federal Reserve announced new trading rules on Thursday following a controversy over trades made by senior officials. The Fed said the new rules will ban policymakers and senior staff from buying individual stocks and bonds and will restrict active trading. The central bank pledged to also increase the frequency

by Matt Egan, CNN Business Senator Elizabeth Warren urged the Federal Reserve on Thursday to release a March 2020 ethics warning provided to Fed officials that could shed light on the central bank’s trading scandal. “I am writing to ask that you release this information immediately, so that Congress and the public can evaluate the

By Anna Bahney, CNN Business After the housing market finally started cooling off a bit over the summer, sales rebounded in September. The tight inventory of homes, which had been improving earlier in the year, worsened again in September and prices continued to climb, according to a report from the National Association of Realtors. September

By Paul R. La Monica, CNN Business President Joe Biden faces a number of economic concerns, from supply chain disruptions to inflation. But the White House will soon need to tackle another major financial issue: whether or not to nominate Federal Reserve chairman Jerome Powell for a second term. Powell’s tenure as Fed chair is