Money

By John Towfighi, CNN New York (CNN) — While the stock market hovers near record highs, a shift in the bond market is signaling mounting concerns about the economy’s health. A bevy of data this month showed the labor market is on shakier ground than previously thought. That spurred a rally in bonds as investors

By Reuters (CNN) — A loan estimate for an Atlanta home purchased by Lisa Cook, the Federal Reserve governor accused of mortgage fraud by the Trump administration, shows that Cook had declared the property as a “vacation home,” according to a document reviewed by Reuters. The document, dated May 28, 2021, was issued to Cook

By Ramishah Maruf, CNN New York (CNN) — Dozens of social media posts and messages about the murder of Charlie Kirk, including some that celebrated his death, are being spotlighted by conservative activists, Republican elected officials and a doxxing website as part of an online campaign to punish the posters behind the messages. Prominent far-right

By Brian Stelter, CNN (CNN) — Charlie Kirk’s widow and many of his fans have predicted that Wednesday’s assassination will make his voice even more powerful posthumously. Social media statistics indicate that they’re right. Kirk’s accounts across the internet have gained millions of followers in the three days since his death, according to data compiled

By Nathaniel Meyersohn, CNN New York (CNN) — It’s been a nightmare few weeks for Cracker Barrel, taking a drubbing from random social media accounts all the way up to the White House over a fairly typical logo rebrand. But despite the fallout, the old-timey chain still has a chance to make a comeback. Cracker

By Auzinea Bacon, CNN (CNN) — Facebook users who filed a claim in parent company Meta’s $725 million settlement related to the Cambridge Analytica scandal may soon get a payment. It’s been over two years since Facebook users were able to file claims in Meta’s December 2022 settlement. The class-action lawsuit began after the social

By Tami Luhby, CNN (CNN) — President Donald Trump wants drugmakers to lower their prices in the US — so he’ll push them to raise prices in other countries to offset the hit to their bottom line, Commerce Secretary Howard Lutnick said Friday. “The president’s going to say that you drug manufacturers cannot sell here

By Jordan Valinsky, CNN New York (CNN) — Swatch, the Swiss watchmaker, is trolling the 39% tariffs that the United States placed on its home country by selling a watch that flips the location of the 3 and 9 numerals. The tongue-in-cheek new watch — dubbed “WHAT IF … TARIFFS?” — is inspired by the

By Elisabeth Buchwald, CNN (CNN) — American consumers are downbeat about the economy, according to preliminary results of a monthly survey conducted by the University of Michigan. The index measuring consumer sentiment fell unexpectedly this month to 55.4 from 58.2 in August as inflation is on the rise and job prospects are worsening. September’s reading

By Jordan Valinsky, CNN New York (CNN) — Coffee drinkers are in for a jolt long before their first sip. Retail coffee prices in the United States in August jumped nearly 21% compared to the same month last year — the largest annual jump since October 1997, according to the latest Consumer Price Index, released

By Jeanne Sahadi, CNN (CNN) — An executive order signed last month by President Donald Trump aims to make it easier for workplace retirement plans like 401(k)s to offer investments in alternative assets, like private equity and private credit. Supporters of the idea believe it would “democratize” access to investments that largely have been available

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump declared on Friday that he’s “already solved inflation” and that “costs are down.” ”We have almost no inflation anymore,” he said in a Fox News interview. But Consumer Price Index data released Thursday tells a different story. Not only does the data show rising inflation, but

By Hadas Gold, CNN (CNN) — Within minutes of Charlie Kirk’s horrific shooting on Wednesday in Utah, video capturing the moment a bullet hit his body was spreading rapidly online. Surveillance cameras were rolling when Iryna Zarutska was brutally stabbed on a train in North Carolina on August 22, and the gruesome full video was

By Brian Stelter, CNN (CNN) — Long-gestating speculation about a sale of Warner Bros. Discovery burst out into public view on Thursday after the Wall Street Journal reported that Paramount’s new owners are preparing a bid for the rival media company. Analysts told CNN that the potential offer from Paramount is likely the beginning of

By John Towfighi, CNN New York (CNN) — Stocks hit record highs Thursday after August inflation data mostly matched expectations, reaffirming investors’ hopes that the Federal Reserve will cut interest rates in September. The Dow rose 617 points, or 1.36%, and closed at 46,108, crossing the 46,000-point mark for the first time. It’s a symbolic

By Clare Duffy, CNN New York (CNN) — The Federal Trade Commission has launched an investigation into seven tech companies around potential harms their artificial intelligence chatbots could cause to children and teenagers. The inquiry focuses on AI chatbots that can serve as companions, which “effectively mimic human characteristics, emotions, and intentions, and generally are

By Samantha Delouya, CNN (CNN) — After months of sitting out a sluggish housing market, would-be buyers may finally have a reason to jump in: Borrowing rates are tumbling. The 30-year fixed mortgage rate averaged 6.35% for the week ending September 11, down from 6.50% last week, according to data released Thursday by Freddie Mac.

By Alicia Wallace, CNN (CNN) — The cost of living continues to increase for Americans at a time when the job market appears to be on shakier footing, creating a complicated economic problem that could be tricky to solve. Consumer prices rose 0.4% in August, driving the annual inflation rate to 2.9%, the highest since

CNN By Brian Stelter, Liam Reilly, CNN (CNN) — Charlie Kirk, who was shot and killed on Wednesday, pioneered a new model for conservative political advocacy, merging multi-platform media commentary with in-person gatherings and get-out-the-vote drives. Kirk, 31, was a hugely successful political field organizer, TikTok influencer, radio host, nonprofit leader and public speaker all

By Brian Stelter, Liam Reilly, CNN (CNN) — Charlie Kirk, who was shot and killed on Wednesday, pioneered a new model for conservative political advocacy, merging multi-platform media commentary with in-person gatherings and get-out-the-vote drives. Kirk, 31, was a hugely successful political field organizer, TikTok influencer, radio host, nonprofit leader and public speaker all rolled