Money

By Alexis Benveniste, CNN Business The Financial Stability Oversight Council released a report on climate change Thursday, outlining the danger that a warming planet will have on the financial future of the United States. Climate change is an “emerging threat to the financial stability of the United States,” Stephen Ledbetter, the executive director and director

By Matt Egan, CNN Business The Federal Reserve announced new trading rules on Thursday following a controversy over trades made by senior officials. The Fed said the new rules will ban policymakers and senior staff from buying individual stocks and bonds and will restrict active trading. The central bank pledged to also increase the frequency

by Matt Egan, CNN Business Senator Elizabeth Warren urged the Federal Reserve on Thursday to release a March 2020 ethics warning provided to Fed officials that could shed light on the central bank’s trading scandal. “I am writing to ask that you release this information immediately, so that Congress and the public can evaluate the

By Anna Bahney, CNN Business After the housing market finally started cooling off a bit over the summer, sales rebounded in September. The tight inventory of homes, which had been improving earlier in the year, worsened again in September and prices continued to climb, according to a report from the National Association of Realtors. September

By Paul R. La Monica, CNN Business President Joe Biden faces a number of economic concerns, from supply chain disruptions to inflation. But the White House will soon need to tackle another major financial issue: whether or not to nominate Federal Reserve chairman Jerome Powell for a second term. Powell’s tenure as Fed chair is

By Jeanne Sahadi, CNN Business If you’re thinking of buying a home or refinancing one, a big question will be whether to get a 30-year mortgage or opt for a shorter term loan. Most people get a 30-year fixed rate mortgage, which offers lower monthly payments. But there are some instances when it might make

By Matt McFarland, CNN Business Tesla owners can buy the company’s “full self-driving” software for $10,000, but they may have to pay with their privacy. As part of the wider rollout of Tesla’s “full self-driving” option, which began earlier this month, drivers may forfeit some privacy protections around location sharing and in-car recordings that they

By Danielle Wiener-Bronner, CNN Business The global supply chain is struggling under the weight of a series of disruptions, including a shortage of truck drivers and other workers as well as massive port congestion. The issues are forcing large and small companies alike to re-think what they need to do to keep manufacturing facilities humming.

By Julia Horowitz, CNN Business When WeWork’s plans for a blockbuster initial public offering imploded in 2019, the company became a poster child for the excesses of venture capital and startup culture in the post-2008 era. “What happened to WeWork is not just a failure of this particular set of individuals,” wrote Shira Ovide, a

By Chris Isidore, CNN Business Southwest Airlines says that its recent service problems, which prompted it to cancel more than 2,000 flights over a four-day period, cost the airline $75 million. That’s just one of the headwinds facing the discount airline. Southwest warned Thursday that it believes revenue will take a $100 million hit this