Money

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

By Danielle Wiener-Bronner, CNN While a debate unfolds online about Starbucks‘ new credit and debit card tipping option, some workers are frustrated — and it has nothing to do with the etiquette of tipping. Union organizers who asked for this new feature months ago are being left out. It’s been about a year since the

By CNN Staff Egypt has dug itself a massive hole of debt. On Friday, the International Monetary Fund (IMF) will extend a $3 billion loan to the country, a fourth aid package in six years, as its financial tailspin continues. The loan, along with billions of dollars in cash inflows from Abu Dhabi and Riyadh,

By Oliver Darcy, CNN Elon Musk is no free speech warrior. The thin-skinned new Twitter owner on Thursday banned the accounts of several high-profile journalists from the nation’s top news organizations, including: CNN’s Donie O’Sullivan; The New York Times’ Ryan Mac; and The Washington Post’s Drew Harwell. Progressive journalist Aaron Rupar and pundit Keith Olbermann