Money

By Peter Valdes-Dapena, CNN New York (CNN) — Interest rates are high and could get higher. That means auto loans are expensive. In fact, auto loan interest rates are the highest they’ve been since 2007, when the world was heading into a massive financial crisis. Rates average 7.4%, according to Edmunds, up 3 percentage points

By Rachel Ramirez, CNN (CNN) — Hops in major beer-producing European countries like Germany, Czech Republic and Slovenia are ripening earlier and producing less since 1994, scientists found. And, perhaps most alarmingly for the IPA lovers of the world, they are starting to lose their critical bitter component. It’s going to get worse, researchers say.

By Nicole Goodkind, CNN New York (CNN) — Retail pharmacists and technicians around the country say they’re overworked, underpaid and fed up. Now some are walking off the job. Pharmacy staff at Walgreens locations across the country called out of work on Monday to protest harsh working conditions, leaving some stores closed or critically understaffed.

By Chris Isidore and Allison Morrow, CNN New York (CNN) — August 2016 was, at the time, the planet’s hottest month on record. In Freehold, New Jersey, where Jim Klenk was driving his usual route for UPS, midday temperatures were hitting highs in the 80s and 90s. During one of those punishing late-summer days, Klenk,

By Jordan Valinsky and Danielle Wiener-Bronner, CNN New York (CNN) — Snack and beverage maker PepsiCo has so far seen “negligible” impact on its business from drugs used for weight loss or diabetes, CEO Ramon Laguarta said during an analyst call Tuesday. Still, he said, the company is keeping an eye on them: “We’re observing

By Anna Bahney, CNN Washington, DC (CNN) — Everything about financing a home purchase surged last year, from mortgage rates to fees and discount points, according to a report from the Consumer Financial Protection Bureau on mortgage costs. After the Federal Reserve began a historic campaign to rein in inflation, mortgage rates skyrocketed from a

By Nicole Goodkind, CNN New York (CNN) — Corporate America is railing against striking workers, claiming unions are demanding too much. Give in, and companies will be less profitable and at a competitive disadvantage, big business has said. So you’d think companies that faced union action would be put in a difficult financial position —

By Chris Isidore, CNN New York (CNN) — A strike at General Motors’ Canadian plants is over less than a day after it started, according Unifor, the union that represents more than 4,000 autoworkers at the company. The strike had begun 11:59 pm Monday when Unifor said GM had refused to agree to a deal

By Allison Morrow, CNN New York (CNN) — Caroline Ellison, the 28-year-old star witness in one of the most closely watched fraud trials in US history, took the stand Tuesday to testify against her former business partner and sometimes-boyfriend Sam Bankman-Fried. She said the two of them, along with other associates, committed fraud and money

By Laura He, CNN Hong Kong (CNN) — For the second time in just over two months, Country Garden has warned investors that it could default on its $190 billion debt in a reminder that China’s real estate crisis is far from over. The company said it had not made a repayment of 470 million

By Hanna Ziady, CNN London (CNN) — The International Monetary Fund (IMF) sees better odds that central banks will manage to tame inflation without tipping the global economy into recession, but it warned Tuesday that growth remained weak and patchy. The agency said it expected the world’s economy to expand by 3% this year, in

By Michelle Toh, CNN Hong Kong (CNN) — Union workers are set to go on strike at Chevron’s liquefied natural gas (LNG) facilities in Australia next Thursday, in renewed action that could disrupt about 7% of global LNG supply. Chevron (CVX) confirmed that it had received notice of industrial action scheduled to start on October

By Elizabeth Wolfe, CNN (CNN) — The Powerball jackpot has soared to a whopping estimated $1.73 billion after no big winner was drawn Monday night, marking the second largest prize in the lottery’s history. It is also the first time in Powerball’s history that consecutive jackpot cycles have reached billion-dollar prizes, Powerball announced. If a

By Samantha Delouya, CNN (CNN) — A coalition of unions representing thousands of Kaiser Permanente health care workers warned they will walk off the job again next month if a deal is not reached with their employer. Facilities across California, Washington, Oregon, Virginia and Washington DC have threatened to strike for a second time if

By Oliver Darcy, CNN (CNN) — Esther Solomon, the editor-in-chief of Haaretz, Israel’s oldest daily newspaper, was trying to observe the Jewish Sabbath on Saturday in Tel Aviv when her daughter, a member of the Israeli Air Force, brought some alarming news to her attention: Israel was under serious attack from Hamas. Solomon quickly realized

CNN By Hadas Gold, Tara John, Helen Regan, Christian Edwards, Heather Law and Alex Stambaugh, CNN (CNN) — Israel is hammering Gaza with airstrikes, hitting hundreds of targets and reducing neighborhoods to rubble, as new atrocities are uncovered in its territory after a devastating surprise attack by Hamas militants. The Israel Defense Forces (IDF) said

By Samantha Delouya, CNN Los Angeles (CNN) — Charles “Chuck” Feeney, a retail entrepreneur and investor who amassed a multibillion-dollar fortune and then gave it all away, has died. He was 92. He died peacefully in San Francisco on Monday, the Atlantic Philanthropies, Feeney’s foundation, said on its website. Feeney made much of his fortune

By Taylor Romine and Samantha Delouya, CNN (CNN) — Members of the Writers Guild of America union ratified a new contract with Hollywood and television studios, the WGA said in a statement released Monday. Of the 8,525 valid votes cast, 99% of WGA members voted to ratify the new contract, which will last from September

By Eva Rothenberg, CNN (CNN) — Multiple airlines have canceled flights in and out of Tel Aviv, home to Israel’s largest international airport, after Israel formally declared war on Hamas. In a statement to CNN, American Airlines said it was suspending flights until Friday as it closely monitors the situation on the ground. The cancellations

By Alicia Wallace and Ashley Killough, CNN Minneapolis (CNN) — An ExxonMobil executive who heads up the business unit that’s involved in a potential $60 billion mega-merger with Pioneer Natural Resources was arrested late last week in Texas for allegedly committing sexual assault. David Scott, senior vice president of ExxonMobil Upstream, was arrested at 9:24