Money

By Bryan Mena, CNN Washington, DC (CNN) — Americans’ attitudes on the economy are improving substantially as inflation slows. The University of Michigan’s latest consumer survey showed that sentiment improved greatly this month, soaring 13% from December, according to a preliminary reading released Friday. Sentiment reached its highest level since July 2021. “Consumer views were

By Anna Bahney, CNN Washington, DC (CNN) — The residential real estate market tumbled in 2023, as soaring interest rates steadily slowed sales activity — but home prices still hit a record high. The median home sale price in 2023 was $389,800, up about 1% from 2022 and the highest on record, according to data

By Jordan Valinsky, CNN New York (CNN) — Wayfair is laying off 1,650 employees, amounting to 13% of its global workforce, as the online home goods retailer struggled to rebound following its success amid pandemic lockdowns. CEO Niraj Shah, who recently went viral for telling his employees to work harder, said in an open letter

By Allison Morrow, CNN Lansdale, Pennsylvania (CNN) — Rachael Gambino and Garrett Mazzeo planned their financial life by the book: They went to college, paid down debt, saved aggressively, got married, bought a house, started a family. The dream. But sitting at the kitchen table of their suburban Pennsylvania home — an asset they feel both lucky

CNN Analysis by Allison Morrow, CNN New York (CNN) — Gen Z is coming into the workforce and — in one of the grand traditions of what Millennials cringe-ily called “adulting” — they’re complaining about how much easier older generations had it. Before all the Boomers and Slackers throw their tablets across the room, let

By Matt Egan, CNN (CNN) — Even Eminem might cringe at how much it costs to witness the Lions make their Cinderella run for the Super Bowl. Playoff tickets are fetching an average of $1,097 for the Lions home game against the Tampa Bay Buccaneers on Sunday in Detroit, easily the most expensive Divisional playoff

By Michelle Toh, CNN Hong Kong (CNN) — TSMC says its second factory in Arizona will be delayed, marking another setback for the world’s largest chipmaker and its role in US President Joe Biden’s bid to boost American manufacturing. The facility will now be operational in 2027 or 2028, compared to previous expectations of a

By Oliver Darcy, CNN (CNN) — Staffers at the Los Angeles Times will stage a one-day walkout on Friday after the newspaper’s management indicated that it expects to soon lay off employees as it struggles financially. The act of protest will be the first such work stoppage in the outlet’s 143-year history, said the Guild,

By Oliver Darcy, CNN (CNN) — Casey Newton won’t compromise on Nazis. In a world in which it can be difficult to read the moral compass of some legacy news organizations, the renowned technology journalist and founder of the independent digital news outlet Platformer has taken decisive action to ensure his media company lives up to its own stated

By Bryan Mena, CNN Washington, DC (CNN) — Americans are living through one of the toughest housing markets in recent memory. It’s even tougher for young people who need to save up for a down payment, build up their credit score and jump through various other hoops before owning a home. Home prices are rising

By Parija Kavilanz, CNN New York (CNN) — Walmarts are huge. Thousands of square feet, thousands of products, thousands of shoppers. Now, Walmart is saying it’s going to pay the managers of those stores, charged with that huge responsibility, accordingly, with a new average salary of $128,000 a year. Walmart said Thursday it is boosting

By Nathaniel Meyersohn, CNN New York (CNN) — Veteran department-store chain Macy’s is laying off about 3.5% of its workforce, or roughly 2,350 employees, and closing five stores as it continues to shrink its massive retail business for the online-shopping era. “As we prepare to deploy a new strategy to meet the needs of an

By Samantha Murphy Kelly, CNN (CNN) — Meta is getting more serious about securing its place in the growing AI arms race. CEO Mark Zuckerberg announced on Thursday that Meta plans to build its own artificial general intelligence, known as AGI, which is artificial intelligence that meets or surpasses human intelligence in almost all areas.

By Ramishah Maruf, CNN New York (CNN) — What started as an April Fool’s Day joke ended up as a real-life product popular enough to sell out in a day. On Wednesday, Burt’s Bees and Hidden Valley Ranch announced an unusual collaboration — a set of lip balms that taste like a basket of chicken

CNN, WBNS, NISSAN, GENERAL MOTORS, RECURRENT AUTO By Peter Valdes-Dapena, CNN (CNN) — Hertz recently announced it was selling 20,000 electric cars out of its fleet, and replacing them with gasoline vehicles. One reason the company gave was that drivers kept crashing the cars. Hertz CEO Stephen Scherr noted that the costs of repairs of

By Parija Kavilanz, CNN New York (CNN) — Birkenstock sandals might be as pricey as ever, and the folksy footwear are as popular with shoppers as ever, too. But despite all that, the company says it still expects smaller profits in the next year. The German shoemaker, which became a publicly-traded company in October, reported

By Samantha Murphy Kelly, CNN (CNN) — Google announced on Thursday two new AI tools that it says will make searching for things online “radically more helpful.” Mobile users accessing Google on some Android phones will soon be able to circle or highlight items that appear on their smartphone screens to populate more information, and

By Nathaniel Meyersohn, CNN New York (CNN) — The clunky old cable box doesn’t make sense anymore. Big, ugly, and heavy, they seem to have about as much place working with a modern TV as a DVD player. Cable companies are trying to catch up with the times, though, and now want you to replace

By Brian Fung, CNN (CNN) — Google CEO Sundar Pichai warned employees to expect additional layoffs in the months to come as the tech giant reorients itself toward artificial intelligence “and beyond.” In a companywide memo obtained by CNN, Pichai said Wednesday that the job cuts — which have already affected hundreds of Google employees in the