Money

By Elisabeth Buchwald, CNN New York (CNN) — The entire US housing market is about to get remodeled, and the end product could come with a big perk: cheaper home prices. That’s due to a $418 million settlement the National Association of Realtors announced Friday with groups of homesellers. The settlement, which is still subject

By Krystal Hur, CNN New York (CNN) — The New York Stock Exchange opens every workday morning at 9:30 am ET with the fast-paced bang-clang of a gleaming brass bell. The stock exchange, the largest in the world by market capitalization, has opened with sonic fanfare for more than 150 years. The sound, so iconic

By Catherine Thorbecke, CNN New York (CNN) — When lawmakers grilled TikTok CEO Shou Chew during a lengthy hearing last March, Rep. Darren Soto argued what has now become the crux of a bill that overwhelmingly passed in the House this week. “TikTok needs to be an American company with American values,” Soto, a Democrat

By Andy Rose, CNN (CNN) — The Mega Millions jackpot climbed to an estimated $875 million after there was no grand prize winner Friday night. The winning numbers for Friday night’s drawing were 13, 25, 50, 51 and 66, with a Mega Ball of 6. It was the 28th consecutive Mega Millions drawing with no ticket matching all

By Joshua Berlinger, CNN Paris (CNN) — Hugo Travers may not think of himself as a journalist, but he could be the most popular one in France. Travers, 26, is the founder and face of HugoDecrypte, a French media start-up that delivers news aimed primarily at young audiences. What began eight years ago as a

By Brian Fung, CNN Washington (CNN) — The Federal Trade Commission is looking into Reddit’s plans to license its platform content to artificial intelligence companies, the social media company disclosed Friday in a securities filing. The disclosure emerged ahead of the company’s long-anticipated initial public offering, which comes nearly 20 years after its launch and

By Anna Bahney, CNN Washington, DC (CNN) — A settlement announced by the National Association of Realtors on Friday, which ended its litigation with some homesellers, could fundamentally change how Americans buy and sell their homes. The agreement will effectively destroy the rules that many critics say help drive home prices higher. The new rules

By Ramishah Maruf, CNN New York (CNN) — Best Buy has recalled more than 250,000 Insignia air fryers sold in the United States and Canada, because of fire, burn and laceration hazards. The handles of the air fryer can overheat and melt or break, which can pose fire and burn risks, the US Consumer Product

By Allison Morrow, CNN New York (CNN) — Federal prosecutors are calling for onetime crypto billionaire Sam Bankman-Fried to be sentenced to 40-50 years in prison for stealing billions of dollars from customers and defrauding investors in his now-bankrupt crypto exchange, FTX. Bankman-Fried, who turned 32 this month, was convicted in November of stealing more

By Alicia Wallace, CNN (CNN) — Bernadette Corbeil was never one of those shopping mall girls. She was the only girl in shop class. “I just enjoyed working with my hands and building things,” she told CNN, noting how she learned to weld at the age of 10. Corbeil has since parlayed that early love

By Nathaniel Meyersohn, CNN New York (CNN) — When Vanessa Hall-Harper, a city councilor in Tulsa, Oklahoma, learned this week that Family Dollar was closing nearly 1,000 stores, she had a surprising reaction. “For communities that have been negatively impacted by the proliferation of dollar stores, it’s a great thing,” she told CNN. “I’ve been

By Krystal Hur, CNN New York (CNN) — Stocks started the week on a high note but ended with a whimper. The S&P 500 index on Tuesday reached a record high close for the 17th time this year, as investors shrugged off a higher-than-expected 3.2% annual rise in consumer prices and cheered a cooldown in

By Jordan Valinsky, CNN New York (CNN) — Lyft and Uber will stop offering services in Minneapolis on May 1 after the city council overrode the mayor’s veto of a minimum wage for rideshare drivers. The city council on Thursday voted 10-3 in favor of the override, allowing rideshare drivers to be paid the local

By Brian Fung, CNN (CNN) — Searches for virtual private networking (VPN) software briefly spiked in Texas this week after Pornhub suspended service in the state over a law forcing adult websites to verify the age or identities of their users. The four-fold rise in Google searches for tools that can circumvent the state-level blocking

By David Goldman and Anna Bahney, CNN (CNN) — The 6% commission, a standard in home purchase transactions, is no more. In a sweeping move expected to dramatically reduce the cost of buying and selling a home, the National Association of Realtors announced Friday a settlement with groups of homesellers, agreeing to end landmark antitrust lawsuits by

By Jeanne Sahadi, CNN New York (CNN) — The average federal tax refund is more than $3,000, according to the latest data from the IRS. Since the majority of tax filers get a refund, there’s a fair chance you could get hundreds if not thousands of dollars back in overpaid taxes, especially if you’re also

By Chris Isidore and Pete Muntean, CNN New York (CNN) — A terrifying plunge on a Latam Airlines Boeing 787 Dreamliner flight earlier this week might have been caused by a mistake made in the cockpit, and not any flaw in the Boeing jet, according to a report in The Wall Street Journal. The Journal

By Olesya Dmitracova, Anna Cooban, Juliana Liu and Michael Nam, CNN London/Hong Kong/New York (CNN) — McDonald’s was hit by a system failure Friday that closed restaurants and disrupted online and app orders around the world, including in the United States, Australia, Japan, Hong Kong, and the United Kingdom. At about 1 a.m. ET McDonald’s

By Jake Tapper and Ramishah Maruf, CNN New York (CNN) — Amazon founder Jeff Bezos and his fiancée Lauren Sánchez are awarding $50 million each to Bill McRaven, a retired Navy admiral and former chancellor of the University of Texas System, and actor and entrepreneur Eva Longoria as part of Bezos’ annual prize to individuals who make significant