Money

By Anna Bahney, CNN Washington, DC (CNN) — New home sales in the US dropped in November as mortgage rates slowly retreated from their highest levels this year. Sales of newly constructed homes dropped 12.2% in November to a seasonally adjusted annual rate of 590,000 from a revised rate of 672,000 in October, according to a joint

By Nathaniel Meyersohn, CNN New York (CNN) — Nike, a bellwether for the global economy, sounded a warning sign Thursday as the sneaker giant sees consumers becoming more cautious. Nike slashed its revenue outlook for the year and announced cost cuts amid growing concerns that consumers are slowing their spending around the world. The company

By Alicia Wallace, CNN New York (CNN) — After three-plus years of prices steadily — and sometimes sharply — increasing month after month after month, they fell in November. Last month, for the first time since April 2020, prices fell on a monthly basis, according to a closely watched report released Friday by the Commerce

By CNN Staff Hong Kong (CNN) — Some of China’s most prominent analysts have been subjected to social media restrictions that appear designed to restrict their ability to comment on the country’s ailing stock markets and struggling economy. At least six analysts are unable to upload new posts or gain new followers on popular social

By Wayne Chang and Laura He, CNN Hong Kong (CNN) — Shares of several Chinese tech giants tanked in Hong Kong on Friday, wiping billions off their collective value, after Beijing unveiled a new set of regulations to restrict online spending in the gaming industry as part of its wider crackdown. Tencent, one of the

CNN By Nathaniel Meyersohn, CNN New York (CNN) — Wayfair’s CEO has an end-of-year message for employees of the online furniture company: Don’t shy away from doing more work and blending your work with your life. “Winning requires hard work. I believe that most of us, being ambitious individuals, find fulfillment in the joy of

By Clare Duffy, CNN New York (CNN) — Human Rights Watch on Thursday accused Meta of repeatedly removing or restricting content supporting Palestine or Palestinian human rights even when it did not violate the social media giant’s rules. The report raises concerns about examples of “peaceful” pro-Palestine content that it said the company removed although the

By Samantha Delouya, CNN (CNN) — US Steel’s potential acquisition by a Japanese rival steelmaker may face pushback by the US government, according to comments made by US Commerce Secretary Gina Raimondo. “President Biden is so focused on making sure that we have a vibrant steel industry in the United States for national security purposes,”

By Ramishah Maruf, CNN New York (CNN) — Whole Foods did not act unlawfully by banning employees from wearing items with Black Lives Matter messaging, a judge ruled Thursday. In late spring and summer of 2020, the United States was engulfed in Black Lives Matter protests in the wake of George Floyd’s murder. Whole Foods

By Nathaniel Meyersohn, CNN New York (CNN) — Wayfair’s CEO has an end-of-year message for employees of the online furniture company: Don’t shy away from doing more work and blending your work with your life. “Winning requires hard work. I believe that most of us, being ambitious individuals, find fulfillment in the joy of seeing

By Liam Reilly, Oliver Darcy and Jon Passantino, CNN (CNN) — The Washington Post’s incoming chief executive and publisher will start the job with a mess on his hands. William Lewis, the veteran media executive who is set to take the reins of the renowned newspaper in January, will arrive to a newsroom in turmoil

By Samantha Delouya, CNN Los Angeles (CNN) — The state of California has sued Ralphs Grocery for allegedly rescinding job offers from hundreds of job applicants with a criminal history, accusing the company of violating state law. California’s Civil Rights Department alleges that Ralphs violated a 2018 law that bans most employers from asking job

Analysis by Elisabeth Buchwald, CNN New York (CNN) — Picture this: You select one app on your TV, phone or computer and everything you could ever dream of watching from live football games to “Succession” to just about every hit movie imaginable is all there. With Warner Bros. Discovery and Paramount in talks for a

By Catherine Thorbecke, CNN New York (CNN) — More than a thousand images of child sexual abuse material were found in a massive public dataset used to train popular AI image-generating models, Stanford Internet Observatory researchers said in a study published earlier this week. The presence of these images in the training data may make

By Matt Egan, CNN New York (CNN) — Harvard President Claudine Gay is facing intensifying pressure as the drip, drip, drip of plagiarism allegations gradually spills out. Yet Gay still has the backing of a crucial decisionmaker: her employer. That support has not wavered, at least publicly, even as Harvard revealed Thursday that Gay requested

By Anna Bahney, CNN Washington, DC (CNN) — US mortgage rates continued to plunge this week – good news for home buyers who have been facing the least affordable housing market since the 1980s. After dropping under 7% last week for the first time since mid-August, rates fell again this week. The 30-year fixed-rate mortgage

By Peter Valdes-Dapena, CNN New York (CNN) — Honda is recalling 2.6 million cars, SUVs, vans and pickups in the United States because the fuel pump could fail. If that happens while driving, the vehicle could suddenly lose power. Honda recalled more than 620,000 vehicles in 2021 for the same issue. This latest recall includes

By Jordan Valinsky, CNN New York (CNN) — One of the most in-demand toys for kids this holiday season is coming to McDonald’s. Beginning on December 26 for a limited time, US locations of the fast food chain are rolling out the Squishmallows Happy Meal, which contain a miniature-sized version of plush toy. Toys have

CNN By Oliver Darcy, David Goldman, Liam Reilly and Jon Passantino, CNN (CNN) — Warner Bros. Discovery Chief Executive David Zaslav met on Tuesday with Paramount Global Chief Executive Bob Bakish, and they broached a potential merger between the two companies, two people familiar with the matter told CNN. A potential merger of the two

By Bryan Mena, CNN Washington, DC (CNN) — US economic growth was slightly lower in the third quarter than previously reported, but still robust, underscoring the sheer strength of America’s economy during the summer. Gross domestic product, the broadest measure of economic output, expanded at an annualized 4.9% rate from July through September, the Commerce