CNN – Business/Consumer

By Anna Bahney, CNN Homebuyers benefited from another week of falling mortgage rates, with the average rate dropping for the fourth week in a row, according to data from Freddie Mac released Thursday. The 30-year fixed-rate mortgage averaged 6.28% in the week ending April 6, down from 6.32% the week before. A year ago, the

By Chris Isidore, CNN Bob Jordan, who took over as CEO of Southwest Airlines in February 2022, just 10 months before the airline’s epic holiday travel service meltdown, got a 75% pay hike last year. Southwest’s operational meltdown over the Christmas vacation period prompted the cancellation of 16,700 flights between December 21 and 29, ruined

By Anna Cooban, CNN The International Monetary Fund warned this week of “vulnerabilities” among so-called non-bank financial institutions, saying global financial stability could hinge on their resilience. The Bank of England called attention to the same issue last month. And global investors surveyed by Bank of America in the middle of the recent banking crisis

By Chris Isidore, CNN Cash-starved Bed, Bath & Beyond, which is scrambling to avoid bankruptcy, announced a $120 million lifeline to help it stock near-empty shelves. One reason that the chain’s sales have fallen and losses have mounted is that the company doesn’t have the funds needed to buy inventory in order to stock shelves.

By Krystal Hur, CNN Millions of jobs could be on the chopping block this year, as the Federal Reserve continues its rate-hiking campaign to tame inflation. But the effects of that action likely won’t reverberate evenly across the economy. The Fed has seen some success: Inflation has cooled for eighth consecutive months, according to the

By Peter Valdes-Dapena, CNN Stellantis chief executive Carlos Tavares has said in the past that the company’s electric Ram pickup truck, while being later to the market than trucks from major competitors, would surpass them in range and capability. On Wednesday, the company put some specific numbers behind the CEO’s claims. While final figures have

By Nicole Goodkind, CNN US stocks have been incredibly resilient this year. In the midst of a banking crisis, historically high interest rates, geopolitical turmoil and heightened recession forecasts, the S&P 500 is up nearly 7% year-to-date. But investors should be wary, warn analysts, because the churn under the surface shows noticeable weakness. The rally

By Marshall Cohen and Kate Trafecante, CNN Fox News said in a court filing Tuesday that it plans to put some of its most prominent executives and TV hosts on the witness stand to testify as part of its defense in the Dominion defamation trial. The right-wing network told the judge it “intends to make

By David Goldman, CNN Johnson & Johnson is trying once again to use the bankruptcy courts to settle tens of thousands of cases that claim its talc products cause cancer. The pharmaceutical company is now willing to pay $8.9 billion to plaintiffs over 25 years. For a second time, a J&J subsidiary called LTL on

By Krystal Hur, CNN The home arena for NBA’s Miami Heat is getting rid of FTX in its name, months after the bankrupt cryptocurrency exchange’s fall from grace. Security software company Kaseya acquired naming rights for the formerly named FTX Arena in a $117 million deal. Kaseya Center, the new name, comes into immediate effect.