Money

By Laura He, CNN Hong Kong (CNN) — Evergrande Group, the world’s most indebted real estate developer, has reported a significant narrowing in its net losses for the first half of the year, thanks to a rise in revenue because of a “short boom” earlier this year. But its stock still plunged more than 70%

By Michelle Toh, CNN Hong Kong (CNN) — US Commerce Secretary Gina Raimondo said Monday she and her counterpart, Chinese Commerce Minister Wang Wentao, had agreed on steps to improve communication between the world’s top two economies on business and trade following four hours of “very open” discussions in Beijing. Raimondo’s trip to Beijing and

By Kathleen Magramo and Michelle Toh, CNN (CNN) — In the busy streets of Hong Kong’s Central district the lunchtime queues snake around the swanky Japanese restaurants where high-end sushi can sell at $150 a pop just for a tasting menu. At Fumi, one of the more popular joints, the floors are packed with over

By Ramishah Maruf, CNN New York (CNN) — For every glitzy movie star in Hollywood, there are hundreds of actors living paycheck to paycheck working odd jobs when gigs dry up. Some wait tables. Others film short videos for fans on Cameo, fetching anywhere up to $1 to $1,500. The reality of actors’ livelihoods has

By Eva Rothenberg, CNN New York (CNN) — If you haven’t seen some of the summer’s hottest blockbusters, there’s no time like the present. Sunday is the second annual National Cinema Day. At more than 3,000 participating theaters across the country the price of a movie ticket is just $4. The last time the average

By Vanessa Yurkevich, CNN New York (CNN) — Americans are being asked more and more often whether they would like to tack a tip onto their check, sometimes facing a screen that reads “add a tip?” Whether it’s paying for coffee, picking up food at a restaurant counter, or taking a ride-share, a tip is

Ellie Stevens, CNN New York (CNN) — “One tall iced pumpkin cream chai tea latte please,” is an order that will soon become a staple at Starbucks stores across the country. As we enter the holiday drink season, lengthy Starbucks orders with brand-specific vocabulary will soon be gracing our ears as we sip our 7

By Oliver Darcy, CNN Business (CNN) — Fox News apologized Saturday to a Gold Star family for publishing a false story last month claiming that the family had to pay $60,000 to ship the remains of their fallen relative back from Afghanistan because the Pentagon refused to pay. “The now unpublished story has been addressed

By Eva Rothenberg, CNN New York (CNN) — Extreme weather events are growing more common, while an increasingly globalized world means disasters on one side of the planet reverberate on the other. In the midst of uncertainty, people are becoming more aware of personal emergency measures, including equipment kits marketed and sold specifically for crisis

By Alicia Wallace, CNN Minneapolis (CNN) — Panama is about halfway through its rainy season right now, and one of the wettest countries in the world is having one of its driest seasons on record. At the Panama Canal, where freshwater serves as the lifeblood for its lock-driven operations, the lack of abundant rainfall is

By Samantha Murphy Kelly, CNN Business (CNN) — A slew of viral conspiracy videos on social media have made baseless claims that the Maui wildfires were started intentionally as part of a land grab, highlighting how quickly misinformation spreads after a disaster. While the cause of the fires hasn’t been determined, Hawaiian Electric — the

Ellie Stevens and Dayun Park, CNN (CNN) — This weekend, the Class of 2027 checks into their college dorms at US institutions, from Columbia University in New York City to the University of Wisconsin-Madison to the University of Colorado Boulder. Many of the incoming students will find college more expensive than they expected, and may

By Anna Bahney, CNN Washington, DC (CNN) — For buyers facing affordability challenges getting into a home of their own, Zillow Home Loans is rolling out a new option: a 1% down payment. Through the program, an eligible buyer pays as little as 1% toward a down payment. Zillow Home Loans pays an additional 2%,

By Alicia Wallace, CNN Minneapolis (CNN) — Americans’ attitudes toward the US economy appear to be growing more tepid. The University of Michigan’s closely watched consumer sentiment index measured 69.5 in August, down slightly from July. The reading is in line with estimates released earlier this month. “Consumers perceive that the rapid improvements in the

By Matt Egan, CNN New York (CNN) — For years, Wells Fargo overcharged almost 11,000 investment advisory accounts about $27 million in fees, federal regulators alleged on Friday. The Securities and Exchange Commission said Wells Fargo’s fees were excessive. Wells Fargo agreed to pay a $35 million civil penalty to settle the matter, without admitting

By Eva Rothenberg, CNN New York (CNN) — Fast fashion e-tailer Shein may be coming to a mall near you. Forever 21’s parent company Sparc Group announced on Thursday that it will partner with the online shopping giant in a deal that would see Sparc become a minority shareholder in Shein. In turn, Shein would

By Bryan Mena, CNN Washington, DC (CNN) — Additional interest rate hikes are still on the table and rates could remain elevated for longer than expected, Federal Reserve Chair Jerome Powell said Friday. Delivering a highly anticipated speech at the Kansas City Fed’s annual economic symposium in Jackson Hole, Wyoming, Powell again stressed that the

By Elisabeth Buchwald, CNN New York (CNN) — Most of the year, people visit Jackson Hole, Wyoming, to ski, fly fish or simply enjoy the region’s vast natural beauty. But for three days in late August, the valley situated near Grand Teton National Park transforms into Woodstock for economists. There, top economists from across the

By Jordan Valinsky, CNN Business New York (CNN) — A brand of frozen mixed vegetables and sweet corn sold at Kroger and Food Lion is being recalled because of potential bacterial contamination. The Food and Drug Administration announced this week that Twin City Foods, which packages the affected food, is “voluntarily recalling a limited quantity”

By Chris Isidore, CNN New York (CNN) — Members of the United Auto Workers union overwhelmingly approved possible strikes at the nation’s three unionized automakers next month, as the union tries to win back many of the concessions it lost more than 15 years ago and protect members during the transition to electric vehicles in