Money

By Anna Bahney, CNN After taking a breather last week, mortgage rates rose again — moving even closer to 7%. The 30-year fixed-rate mortgage averaged 6.92% in the week ending October 13, up from 6.66% the week before, according to Freddie Mac. It is the highest average rate since April 2002. A year ago, the

By Parija Kavilanz, CNN Business New testing on a variety of popular branded sports bras and athletic wear has revealed high levels of BPA, a chemical compound that’s used to make certain types of plastic and can lead to harmful health effects such as asthma, cardiovascular disease and obesity. Sports bras sold by Athleta, PINK,

By Alicia Wallace, CNN Business A key inflation report showed consumer prices came in hotter than expected in September, punishing Americans and giving license to the Federal Reserve to maintain its pace of historic rate hikes. On a monthly basis, overall consumer prices increased by 0.4% from August, data released Thursday by the Bureau of

By Jackie Wattles, CNN Four astronauts are scheduled to return home from the International Space Station this week, capping off a nearly six-month mission in space, but rough weather at the crew’s splashdown site is forcing a delay. The astronauts — NASA’s Kjell Lindgren, Bob Hines and Jessica Watkins, as well as Italian astronaut Samantha Cristoforetti with the European

By Nicole Goodkind, CNN Business If market swings tell us anything, it’s that investors are rattled by economic uncertainty. The outlook remains cloudy with the possibility of recession on the horizon. Big bank earnings, coming Friday, could help clear some of that fog. Wall Street will be looking for clues about what’s to come as

By Hanna Ziady, CNN Business Western governments are furious after OPEC+ decided last week to slash oil production by the largest amount since the start of the pandemic. They have good reason to be upset: The cartel’s actions may tip the global economy over the edge, the International Energy Agency has warned. “With unrelenting inflationary

By Oliver Darcy, CNN Business Far-right talk show host Alex Jones should pay eight families of Sandy Hook Elementary School shooting victims and one first responder $965 million in compensatory damages, a Connecticut jury decided Wednesday, capping a wrenching weeks-long trial that put on display the serious harm inflicted by the conspiracy theorist’s lies. With

By Chris Isidore, CNN Business No matter how you heat your home, the cost of that heat is likely to soar, according to a forecast Wednesday from the Energy Information Administration. Based on current estimates for fuel prices if, as forecast, there’s a slightly colder winter ahead, the EIA estimates that heating a home with

By Peter Valdes-Dapena, CNN Business General Motors unveiled a new, slightly bigger redesigned version of its cheapest entry-level SUV, the Trax. The new version looks much, much sleeker than the chunky little SUV it replaces and adds new features. But it also drops one major option while retaining what may be the SUV’s most important