Money

By Danielle Wiener-Bronner, CNN Business After closing its restaurants in Ukraine six months ago because of the Russian invasion, McDonald’s is starting to reopen in parts of the country. “We have decided to institute a phased plan to reopen some restaurants in Kyiv and western Ukraine,” Paul Pomroy, corporate senior vice president of international operated

By Anna Bahney, CNN Business Mortgage rates climbed above 5% again, after dipping below that threshold for the first time in months a week earlier. While the volatility in mortgage rates remains, there are signs that the housing market is starting to stabilize. The 30-year fixed-rate mortgage averaged 5.22% in the week ending August 11,

By Parija Kavilanz, CNN Business As parents and teachers prepare for students to return to classrooms this fall, they’re grappling with how much more the most basic school supplies will cost. From glue, markers, pens and tape to backpacks, sneakers, even underwear, price tags on these necessities have jumped over the last year as inflation

Opinion by Mark Wolfe for CNN Business Perspectives The Inflation Reduction Act, the Democrats’ tax, climate and health care bill that the Senate just passed, sets the nation on a path to meet its climate goals, and provides a set of practical initiatives that will help lower-income Americans who have fewer resources than other households

By Nicole Goodkind, CNN Business Prices in the US stayed the same last month. That’s a cause for celebration: it’s the first time they haven’t gone up since November 2020. It could also mean that the Fed’s efforts to curb inflation are finally working and that a soft landing, where inflation is limited without toppling

By Anna Cooban and Matt Egan, CNN Drivers in the United States can breathe a small sigh of relief — average gas prices have dropped below $4 a gallon for the first time since March. The national average price for regular gasoline fell to $3.99 a gallon on Thursday, according to AAA. Gas prices hit

By Laura He, CNN Business SoftBank is set to gain more than $34 billion by cutting its stake in Alibaba, the crown jewel of its investment portfolio, after posting record losses on its tech bets this year. The Japanese company said Wednesday that it would reduce its stake in the Chinese e-commerce giant to 14.6%

By Anna Bahney for CNN Business Rents in Manhattan have hit a record high for the sixth month in a row. Median rent for an apartment in Manhattan climbed to $4,150 a month in July, surging 29% from a year ago, according to a monthly report from brokerage firm Douglas Elliman and Miller Samuel Real