Money

By Samantha Delouya, CNN (CNN) — America’s housing market is paralyzed, with buyers pulling back and builders growing more pessimistic ahead of the midterms. Adding to the strain: Mortgage rates have surged back above 7% in recent weeks, hitting a three-year high of 7.4% last month. The average 30-year fixed rate eased slightly to 7.24%

By Auzinea Bacon, CNN (CNN) — Binance, the world’s largest cryptocurrency exchange, said it has resumed withdrawals after a record $6.3 billion was stolen from its digital wallets last week. “Today, we’re beginning the phased resumption of withdrawals, taking a careful approach to ensure services return safely and securely,” Binance co-CEO Richard Teng posted on

By Hadas Gold, CNN (CNN) — In early October, AI giant Anthropic inserted new language into its AI usage policy. Alongside banning users from trying to get Claude, the company’s AI system, to help them create bioweapons or sell illegal drugs, the company added a new line: Users should not “engage in sustained and needless

By Phil Mattingly, CNN (CNN) — From Cleveland to the Outer Banks, the cost-of-living crisis that will decide the midterms, in the words of the people living it. Every incumbent on the ballot this fall, Republican or Democrat, is running on a set of numbers. Unemployment at 4.2%. Record household income. Inflation “cooling.” The five

By Ramishah Maruf, CNN New York (CNN) — It’s always going to be 2006 at the Cheesecake Factory. And for the crowds of young people dining there in cheetah print and sunglasses bigger than the restaurant’s portions, that’s exactly how they want it. Take Caroline Fisher, a 23-year-old in Phoenix who embodies the “Tuscan mom”

By Andrew Kirell, Brian Stelter, CNN (CNN) — A federal judge on Saturday again dismissed President Donald Trump’s defamation lawsuit against The Wall Street Journal over its reporting on a lewd birthday letter to Jeffrey Epstein bearing Trump’s name. For the second time this year, US District Judge Darrin P. Gayles ruled that Trump failed

By Jon Sarlin, CNN (CNN) — On Thursday, Binance, the world’s largest crypto exchange, saw more than $6 billion hacked from its system. Evidence pointed to North Korean hackers, who drained the accounts in a matter of minutes. But what does a hacker do with billions of dollars in stolen crypto? Perhaps no one on

By Jeanne Sahadi, CNN (CNN) — In CNN’s first update on math teacher and tennis coach Jeff Kizer, we described him as “chill” when it came to money and noted he didn’t see it as a source for happiness. But being chill didn’t mean Jeff hasn’t been worried about his financial prospects. A financial plan

By Jeanne Sahadi, CNN (CNN) — There is nothing more agitating for everyday investors than markets falling out of bed and rising inflation eating away at their wallets. Certified financial planner Douglas Boneparth offers his best advice for how to quell that agitation with a smart, long-term investment strategy A reader from Maryland asks: How

By Auzinea Bacon, CNN (CNN) — A group of college students walked into Lorenzo Caltagirone’s costume store in Washington, DC, earlier this week to dress up as yellow cartoon Minions for Halloween. Once they saw the price — $60 apiece — they opted for small accessories to get a similar look: goggles, gloves and hats.

By Allison Morrow, CNN New York (CNN) — For years, the crypto industry has tried to shed its affiliation with crime while marketing itself as a safe alternative to traditional banking and investing. But once again, a record-shattering heist is deepening concerns about crypto’s vulnerabilities. On Thursday, the world’s biggest crypto exchange, Binance, saw more

By Zahra Ullah, Anna Chernova, CNN Moscow (CNN) — Novaya Gazeta, one of Russia’s last independent news outlets, announced on Friday it would close down operations due to pressure from authorities. “Novaya Gazeta has been killed,” Editor-in-chief Sergei Sokolov said in a video statement. “On November 9, we will turn off the lights in the

By John Towfighi, Lucy Bayly, CNN (CNN) — Wall Street suffered a steep day of losses Friday after the latest tech earnings reignited concerns that massive spending on AI may not deliver the returns that investors expect. The Nasdaq Composite dropped 2.86% and the S&P 500 fell 1.82%, each suffering their worst day since June.

By Chris Isidore, Matt Egan, CNN (CNN) — Big Oil minted big money as the Iran war delivered American drivers the highest gas prices on record for the third quarter. The two biggest US oil companies posted huge jumps in profit on Friday. ExxonMobil earned $15.4 billion in the third quarter, slightly more than doubled

By Soph Warnes, Elisabeth Buchwald, CNN (CNN) — For decades, the United States and Canada worked to build one of the world’s closest economic partnerships, with supply chains, businesses and trade increasingly intertwined. But now, with the two countries in the thick of a trade war, Canada is taking a dramatic step to reduce its

By John Liu, CNN Hong Kong (CNN) — The global artificial intelligence boom that has helped sustain Chinese economic momentum this year still can’t offset its domestic woes, particularly in its stock market. Since peaking in June, key Chinese indexes have fallen more than 20%, crossing the threshold for a bear market. Beijing responded last

By Sean Lyngaas, CNN (CNN) — Binance, the world’s largest cryptocurrency exchange, has suspended withdrawals after hackers broke into its digital wallets and stole $6 billion in what appears to be the biggest crypto heist ever. The exchange said Friday that it has begun recovering affected assets and was continuing to work with law enforcement

By John Towfighi, CNN (CNN) — Shares of Google’s parent company tumbled more than 12% on Thursday, their worst day on record — a historic single-day decline bigger than any day during the Covid-19 pandemic or 2008 financial crisis. The drop erased roughly half a trillion dollars in Alphabet’s (GOOGL) market value, the second-largest single-day

By Jordan Valinsky, CNN New York (CNN) — DoorDash is buying rival Instacart in a deal worth roughly $17 billion, signaling that the delivery wars continue to heat up. The deal, announced Thursday, marks an end for Instacart as an independent company. Instacart went public in 2023 and benefited from a pandemic-era boom for the