Money

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

By Brian Stelter, CNN New York (CNN) — As newspaper editorial boards lose influence, or withdraw from the space altogether, there are openings for others. In New York City, a group of veteran journalists are trying to fill the gap. The collective — a who’s-who of New York journalists, including political writers, editors and columnists — are launching the project to

By Nathaniel Meyersohn, CNN New York (CNN) — TikToks of customers stuffing their faces with a $20 endless shrimp. More than 100 restaurant closures and thousands of layoffs. A revolving door of CEOs. Chapter 11 bankruptcy. Damola Adamolekun, the new chief executive of Red Lobster, is taking over a chain in turmoil. And he’s only

By Alicia Wallace, CNN (CNN) — US job growth surged in September, blowing past expectations and providing solid reassurance for the ongoing stability of the labor market. Employers added an estimated 254,000 jobs in September, according to data released Friday by the Bureau of Labor Statistics. That’s a much higher tally than August’s monthly total (which was

By Vanessa Yurkevich and Chris Isidore, CNN New York (CNN) — Striking members of the International Longshoremen’s Association (ILA) will be back to work on Friday, the union announced Thursday evening, as it reached a tentative deal with the management group representing shipping lines, terminal operators and port authorities. The agreement amounts to a $4-per-hour

By Ramishah Maruf, CNN New York (CNN) — Starbucks’ Howard Schultz, who was interim CEO at the time, broke federal labor law in 2022 by telling a California barista who raised concerns about unionization that “if you’re not happy at Starbucks, you can go work for another company.” A decision by the National Labor Relations

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — A week ago, few outside the labor movement or shipping industry knew Harold Daggett, the tough-talking, colorful head of the union now on strike at ports along the East and Gulf Coasts. That’s certainly no longer the case. Daggett is the president of the

WECT, WTKR, CNN By Vanessa Yurkevich and Chris Isidore, CNN New York (CNN) — Striking members of the International Longshoremen’s Association (ILA) will be back to work on Friday, the union announced Thursday evening, as it reached a tentative deal with the management group representing shipping lines, terminal operators and port authorities. The agreement amounts

By Jordan Valinsky, CNN New York (CNN) — Costco is expanding the collection of precious metals it sells, with the addition of platinum. The big-box chain is now selling Swiss-made 1 oz. platinum bars for $1,089.99 on its website, but a Costco membership is required for purchase. The bar features Lady Fortuna, the Roman goddess

By Jack Guy and Christopher Lamb, CNN (CNN) — The Vatican Bank has fired two employees whose recent wedding violates a newly-introduced ban on marriages between staff. In a statement published Wednesday, the Institute for the Works of Religion, as it is officially called, said it had made the “difficult decision” to fire the pair

By Jordan Valinsky, CNN New York (CNN) — Tesla is recalling roughly 27,000 Cybertrucks because of a rearview camera issue that delays the image being displayed on the dashboard, increasing the risk of a crash. The rearview display might appear blank for up to 8 seconds when the Cybertruck is put in reverse, according to