Money

By Anna Cooban, CNN London (CNN) — Global oil prices have spiked in recent days as the conflict in the Middle East has reached fever pitch. They could rise yet further if Israel’s widening war embroils the vital Strait of Hormuz off Iran’s southern coast. The slim waterway — just 21 miles (34 kilometers) wide

By Clare Duffy and Deidre McPhillips, CNN New York (CNN) — A bipartisan group of 14 attorneys general from across the country filed lawsuits on Tuesday against TikTok, alleging that the platform has “addicted” young people and harmed their mental health. The lawsuits take issue with various elements of the TikTok platform, including its endlessly

By Jordan Valinsky, CNN New York (CNN) — When the latest spooky season passes, it won’t mark the end for some Spirit Halloween stores, with the chain planning to convert some locations and keep them open for the holidays. The retailer is opening a total of 10 Spirit Christmas stores, primarily in the US Northeast,

By Jordan Valinsky, CNN New York (CNN) — The cost of a Mega Millions ticket is more than doubling, but the multi-state lottery game is promising that the bigger price comes with better odds. Beginning in April 2025, a ticket will increase in price to $5 from $2. The price will spark a “new and

CNN By Matt Egan, CNN New York (CNN) — Even as Florida braces for another major hurricane, new estimates reveal Hurricane Helene caused up to $47.5 billion in losses for property owners. Helene, a deadly Category 4 hurricane that made landfall on September 26, caused “widespread and devastating” flooding across Florida, North Carolina, South Carolina

By Samantha Delouya, CNN (CNN) — Hurricane Helene wreaked havoc across the southeastern United States in late September, causing billions of dollars in property damage. This week, another storm, Hurricane Milton, is expected to make landfall in Florida, causing even more destruction. As intensifying natural disasters threaten growing swaths of the country, assessing an area’s

By Nathaniel Meyersohn, CNN New York (CNN) — Americans are revolting against McDonald’s and fast-food chains. That’s hurting french fry suppliers like Lamb Weston. Lamb Weston, the largest producer of french fries in North America and a major supplier to fast-food chains, restaurants and grocery stores, is closing a production plant in Washington state. The

By Matt Egan, CNN (CNN) — Trump allies are calling for the federal government to punish Deloitte after an employee at the consulting firm apparently shared his private messages with JD Vance. The attacks on Deloitte are just the latest example of major American companies getting targeted by former President Donald Trump or those in

By Juliana Liu, CNN Hong Kong (CNN) — China has set aside 200 billion yuan ($28 billion) for investment projects by local governments this year, as it promised to meet its own ambitious economic growth targets. The news was announced by the country’s top planning agency, the National Development and Reform Commission (NDRC), at a

By Brian Stelter and Hadas Gold, CNN New York (CNN) — CBS News executives said Monday that a heated morning show interview with acclaimed author Ta-Nehisi Coates, during which his new book was compared to “extremist” writings, did not meet the network’s editorial standards. CBS executives told staffers during a daily editorial meeting that the contentious

By Hadas Gold, CNN (CNN) — Even before the horrifying events of October 7, 2023, it was an intense year for journalists based in Israel and the Palestinian territories, with record levels of violence and mass protests against the Israeli government’s judicial overhaul rocking major cities. But the shocking terror attacks from Hamas — the deadliest day

By Krystal Hur, CNN New York (CNN) — A key borrowing rate for American consumers has jumped to a level not seen in months. The yield on the benchmark 10-year US Treasury note breached 4% on Monday for the first time since August. The yield was at 4.026% as of 3 pm ET on Monday

By Matt Egan, CNN New York (CNN) — Even as Florida braces for another major hurricane, new estimates reveal Hurricane Helene caused up to $47.5 billion in losses for property owners. Helene, a deadly Category 4 hurricane that made landfall on September 26, caused “widespread and devastating” flooding across Florida, North Carolina, South Carolina and

By Ramishah Maruf, CNN New York (CNN) — Fans of Whole Foods’ iconic Berry Chantilly Cake have been up in arms on social media over the past few weeks. One TikTok user showed a single slice stuffed with compote and with fruit on the side. In the past, the user said, the layers had been

By Jeanne Sahadi, CNN (CNN) — Taking care of an elderly parent or seriously ill spouse or family member can be physically and emotionally draining — and expensive for the caregiver in more ways than one. But being a caregiver while also holding down a job is a recipe for burnout. Of the estimated 48

By Krystal Hur, CNN New York (CNN) — The US job market is still piping hot. That’s raising questions about how fast inflation will continue to cool. The economy added a staggering 254,000 jobs in September, according to Friday data from the Bureau of Labor Statistics. That blew past expectations of 140,000 job gains from

By Bryan Mena, CNN Washington (CNN) — Last month, the Federal Reserve slashed interest rates by a supersized half point in a bid to maintain the job market’s strength, Chair Jerome Powell explained in a news conference after the decision was announced. But when fresh data this Friday showed the job market is more robust

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — The deal reached Thursday evening that ended a strike by 50,000 port workers has a lot of winners and few if any losers. The deal only covers wages, not other contract provisions. But the union agreed to return to work Friday after a three-day

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — It took only three days for one side to blink and the potentially crippling strike at the United States’ East and Gulf Coast ports to come to an end, with likely only limited damage to America’s economy. Members of the International Longshoremen’s Association, the

By Kristen Rogers, CNN (CNN) — Megan Rathmell thought she’d bombed her job interview earlier this year, assuming her nervousness and lack of preparation had cost her the opportunity.   The 20-year-old later found out she got the job as a paralegal — and what made her stand out was her ability to do two