Money

By Jordan Valinsky, CNN Business GameStop shares will soon lose three quarters of their value. But don’t worry: It’s good news for stockholders. The company announced Wednesday that its board approved a 4-for-1 stock split, effective July 22. Shares of the meme stock darling soared more than 8% in early trading following the news. GameStop

By Anna Bahney, CNN Business Mortgage rates dropped for the second week in a row, notching the largest decline since December, 2008. The 30-year fixed-rate mortgage averaged 5.30% in the week ending July 7, down from 5.70% the week before, according to Freddie Mac. That is still significantly higher than this time last year when

By Mark Thompson, CNN Business Boris Johnson was ultimately forced to resign as UK prime minister Thursday as dozens of members of his party quit the government after one ethics scandal too many. But his popularity outside parliament has also been badly dented by surging inflation and stagnation in the British economy, a cost-of-living crisis

By Nicole Goodkind, CNN Business Cotton: it’s the touch, the feel, the fabric of our lives. It’s also in the middle of what economists are calling a “market bloodbath” and in desperate need of a “tourniquet to stop the bleeding.” Each day last week, cotton futures encountered triple-digit losses, and the December futures contract closed

By Frank Pallotta, CNN Business “Stranger Things” is coming to an end, but its upside-down stories will live on. Both a live-action “Stranger Things” spinoff and a “stage play set within the world and mythology” of the show are coming from Upside Down Pictures, a new production company founded by the show’s creators The Duffer

By Gabe Cohen, CNN From city centers to rural communities, many US child care providers are raising the price of tuition to combat inflation, adding yet another strain for families. At KidzStuff Childcare Center in Baltimore, the cost of food, rent, power and supplies is soaring. CEO Angela Kidane has raised her staff’s salaries by