By Anna Bahney, CNN Business Mortgage rates dropped for the second week in a row, notching the largest decline since December, 2008. The 30-year fixed-rate mortgage averaged 5.30% in the week ending July 7, down from 5.70% the week before, according to Freddie Mac. That is still significantly higher than this time last year when
Continue Reading By Mark Thompson, CNN Business Boris Johnson was ultimately forced to resign as UK prime minister Thursday as dozens of members of his party quit the government after one ethics scandal too many. But his popularity outside parliament has also been badly dented by surging inflation and stagnation in the British economy, a cost-of-living crisis
Continue Reading By Mark Thompson, CNN Business Boris Johnson was ultimately forced to resign as UK prime minister Thursday as dozens of members of his party quit the government after one ethics scandal too many. But his popularity outside parliament has also been badly dented by surging inflation and stagnation in the British economy, a cost-of-living crisis
Continue Reading By Rishi Iyengar, CNN Business For much of the past decade, tech companies have showered their corporate employees with money and lavish perks to attract and retain talent in a hyper-competitive industry. That dynamic only kicked into overdrive the past couple of years amid a pandemic-fueled boom for tech products and services. “The hiring …
Continue Reading By Nicole Goodkind, CNN Business Cotton: it’s the touch, the feel, the fabric of our lives. It’s also in the middle of what economists are calling a “market bloodbath” and in desperate need of a “tourniquet to stop the bleeding.” Each day last week, cotton futures encountered triple-digit losses, and the December futures contract closed
Continue Reading By Rhea Mogul and Swati Gupta, CNN The last remaining Muslim lawmaker in India’s ruling Bharatiya Janata Party has resigned, leaving the party without a single representative from the minority community among its 395 members of parliament. Minister of Minority Affairs Mukhtar Abbas Naqvi resigned on Wednesday, one day before his term was expected to
Continue Reading By Laura He, CNN Business After a miserable couple of months in China, Tesla posted a sharp rebound in sales in June in its most important international market. The surge came as the world’s second largest economy began easing Covid-related restrictions after months of lockdowns in major cities, and as it makes efforts to boost
Continue Reading By Sara Ashley O’Brien, CNN Business Elon Musk, the Tesla and SpaceX CEO and world’s richest man, welcomed twins last year with an executive at one of his other companies, Neuralink, Insider reported on Wednesday. Musk, who posted a tweet on May 24 saying “USA birth rate has been below min sustainable levels for ~50
Continue Reading By Sara Ashley O’Brien, CNN Business Elon Musk, the Tesla and SpaceX CEO and world’s richest man, welcomed twins last year with an executive at one of his other companies, Neuralink, Insider reported on Wednesday. Musk, who posted a tweet on May 24 saying “USA birth rate has been below min sustainable levels for ~50
Continue Reading By Frank Pallotta, CNN Business “Stranger Things” is coming to an end, but its upside-down stories will live on. Both a live-action “Stranger Things” spinoff and a “stage play set within the world and mythology” of the show are coming from Upside Down Pictures, a new production company founded by the show’s creators The Duffer
Continue Reading By Gabe Cohen, CNN From city centers to rural communities, many US child care providers are raising the price of tuition to combat inflation, adding yet another strain for families. At KidzStuff Childcare Center in Baltimore, the cost of food, rent, power and supplies is soaring. CEO Angela Kidane has raised her staff’s salaries by
Continue Reading By Gabe Cohen, CNN From city centers to rural communities, many US child care providers are raising the price of tuition to combat inflation, adding yet another strain for families. At KidzStuff Childcare Center in Baltimore, the cost of food, rent, power and supplies is soaring. CEO Angela Kidane has raised her staff’s salaries by
Continue Reading By Catherine Thorbecke, CNN Business Amazon Prime members in the United States can now get free meal deliveries through Grubhub as part of a growing business partnership between the two companies. The deal, announced Wednesday, will give Amazon’s paying subscribers the option to sign up for a free one-year Grubhub+ membership (normally $9.99 a month)
Continue Reading By Sean Lyngaas, CNN Business Apple on Wednesday said it will release a new feature this fall for iPhone, Mac and iPad operating software that is designed to protect high-risk users such as journalists and human rights workers from sophisticated spyware that has been linked to human rights abuses. It’s one of the biggest steps
Continue Reading By Tami Luhby, CNN The corporate rush to cover employees’ abortion-related travel expenses following the Supreme Court’s decision to allow states to ban or severely restrict abortion has sparked a big question: Will the boss find out if you use the benefit? The answer is typically no, especially if the reimbursement is handled by your
Continue Reading By Tami Luhby, CNN The corporate rush to cover employees’ abortion-related travel expenses following the Supreme Court’s decision to allow states to ban or severely restrict abortion has sparked a big question: Will the boss find out if you use the benefit? The answer is typically no, especially if the reimbursement is handled by your
Continue Reading By Tami Luhby, CNN The corporate rush to cover employees’ abortion-related travel expenses following the Supreme Court’s decision to allow states to ban or severely restrict abortion has sparked a big question: Will the boss find out if you use the benefit? The answer is typically no, especially if the reimbursement is handled by your
Continue Reading By Matt McFarland, CNN Business The Boring Company has launched a way for customers to pay for rides on Loop, its Las Vegas transit system, with the cryptocurrency Dogecoin. Loop consists of passengers traveling in Tesla vehicles that are driven by humans at about 35 mph, a significantly scaled-down version of founder Elon Musk’s original
Continue Reading By Catherine Thorbecke, CNN Business Two years after then-President Donald Trump said he would ban TikTok in the United States through an executive order, the short-form video platform is once again under scrutiny in Washington. And the underlying issue remains largely the same: TikTok’s ties to China through its parent company, Bytedance. A growing number
Continue Reading By Brian Fung, CNN Top lawmakers on the Senate Intelligence Committee called for a Federal Trade Commission probe of TikTok on Tuesday, amid allegations the social media company has made “repeated misrepresentations” to Congress and others on its data security practices. In a letter to FTC Chair Lina Khan, Sens. Mark Warner and Marco Rubio,
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