Money

By Ramishah Maruf, CNN New York (CNN) — BurgerFi, the fast-casual burger chain and owner of Anthony’s Coal Fired Pizza, is running out of cash – and options. The company said it may need to file for bankruptcy. The company said it had just $4.4 million on hand as of August 14. It also expects

By Jordan Valinsky, CNN New York (CNN) — The body of Mike Lynch, the 59-year-old British tech investor, has been recovered from the sunken Bayesian superyacht, Italian interior ministry office Massimo Mariani told Reuters on Thursday. Early Monday morning, a luxury yacht he was on was hit by a tornado and sunk off the coast of

By Alicia Wallace, CNN (CNN) — The shape of the US labor market is changing, job growth is slowing and new survey data released Monday shows that Americans are starting to feel increasingly unsettled about it all. The Federal Reserve Bank of New York’s latest survey on consumers’ labor market experiences and expectations showed that

By Reuters and Lucy Bayly, CNN New York (CNN) — Billionaire investor Carl Icahn and his firm Icahn Enterprises have settled charges for failing to disclose pledges of the company’s securities as collateral for billions of dollars in personal loans, US regulators said Monday. The investigation came after a report from short-seller Hindenburg Research sent

By Alicia Wallace, CNN (CNN) — Inflation is slowly moving back to what’s considered a more sustainable pace, but for many Americans, it’s hard to take solace: The post-pandemic spike in price hikes drastically increased the cost of living. Both Vice President Kamala Harris and former President Donald Trump have pledged to bring those costs

By Hanna Ziady, CNN London (CNN) — The Canadian owner of Circle K convenience stores has made a bid to buy 7-Eleven in what would be the biggest foreign takeover of a Japanese company on record and the largest cross-border acquisition this year. In a statement Monday, Seven & I Holdings, the operator of 7-Eleven,

By Samantha Delouya, CNN (CNN) — When Dana McMahan sold her home this spring, she decided to try to maximize her take-home profit by skipping out on the help of a full-service Realtor. Traditionally, home sellers in the US have been responsible for paying real estate commissions. The standard 5% or 6% commission was usually

By Shania Baweja and Taylor Galgano, CNN Los Angeles (CNN) — After the 2018 Camp Fire – the deadliest wildfire in California’s history – engulfed Michael and Kristy Daneau’s Paradise home, the couple and their four daughters were forced to move 30 miles away to find a home they could afford. They moved to Cohasset to

By Erika Tulfo, CNN (CNN) — Aria Liu, 17, regularly posts shopping haul videos to her YouTube channel, which has 300,000 subscribers. She films her sprees by displaying a live feed of her laptop screen as she buys up to thousand-dollar shopping carts of clothes and makeup. “I shop so much more online,” she told

By Samantha Delouya, CNN (CNN) — On Saturday, a new set of rules governing how most real estate professionals do business in the US officially take effect — and the changes could potentially upend how Americans buy and sell homes. The rules were agreed to by the National Association of Realtors, the powerful trade association

By Elisabeth Buchwald, CNN New York (CNN) — Food prices have surged by more than 20% under the Biden-Harris administration, leaving many voters eager to stretch their dollars further at the grocery store. On Friday, Vice President Kamala Harris said she has a solution: a federal ban on price gouging across the food industry. “My plan will include new penalties for opportunistic companies that exploit

By Liam Reilly, CNN New York (CNN) — A federal judge on Friday temporarily blocked the launch of Venu Sports, the forthcoming joint sports streaming venture from Warner Bros. Discovery, Disney and Fox Corporation, dealing a major blow to the effort. The decision follows a request by Fubo, a smaller rival sports streaming service, for

By Liam Reilly, CNN New York (CNN) — For more than a century, Americans have been turning to a trusted and reliable source for local news: the radio. Now, the terrestrial broadcasts are facing an existential threat as listeners and advertising dollars rapidly shift, forcing stations to slash staff and even sign off the air

By Ramishah Maruf, Alicia Wallace, Samantha Delouya and Luciana Lopez, CNN (CNN) — Americans across the political spectrum can agree on this: Rent is expensive, and buying a home can feel nearly impossible. America’s housing affordability crisis has a number of origins, but it largely stems from two key factors that you learned in Econ

By Natasha Chen, CNN (CNN) — Disney recently announced a huge slate of projects for parks and cruises in front of 12,000 of its most loyal fans, who will almost certainly return to Disney’s theme parks to experience those new offerings, no matter what it costs. But whether a frequent visitor or a first-timer, Disney’s

By Matt Egan, CNN New York (CNN) — Renters are gaining the upper hand in the balance of power with landlords. Apartment units are staying on the market for longer. Vacancy rates are rising. And rental growth is slowing. Now, landlords are being forced to offer sweeteners like free parking and free weeks of rent

By Hassan Tayir, CNN Hong Kong (CNN) — Xiaotu was looking for a soulmate but the typical routes of meeting people on campus or swiping online dating apps just weren’t cutting it for him. Instead, the 23-year-old decided to go big: paying 999 yuan (about $140) to place a personal advertisement on a gigantic 6.5

CNN, POOL By Bryan Mena, CNN Washington (CNN) — The standard, 30-year fixed-rate mortgage averaged 6.49% this week, up slightly from the prior week’s level, Freddie Mac reported Thursday. But that’s still well below this year’s peak and the two-decade high last fall — and that appears to be enough to entice homeowners to refinance.

By Bryan Mena, CNN Washington (CNN) — The standard, 30-year fixed-rate mortgage averaged 6.49% this week, up slightly from the prior week’s level, Freddie Mac reported Thursday. But that’s still well below this year’s peak and the two-decade high last fall — and that appears to be enough to entice homeowners to refinance. Mortgage applications