Money

By Laura He, CNN Hong Kong (CNN) — China has concluded its Golden Week holiday on a muted note, with key travel and spending data showing weaker-than-expected recovery in consumption amid a wider economic slump. A total of 826 million trips were made in mainland China during the eight days to October 6, which was

By Hanna Ziady, CNN London (CNN) — Jaime Gilinski Bacal, a Colombian banking and real estate entrepreneur, has taken control of Metro Bank as part of a bigger rescue deal to fill a hole in the UK lender’s finances. Metro Bank said in a statement late on Sunday that it had raised £325 million ($396

By Nouran Salahieh, CNN (CNN) — The Powerball jackpot swelled to an estimated $1.55 billion for Monday night’s drawing after weeks with no grand prize winner. Monday night’s winning numbers were 16, 34, 46, 55, 67 and Powerball 14. The new mammoth prize up for grabs Monday ranks as the third largest Powerball jackpot and

By Chris Isidore and Artemis Moshtaghian, CNN New York (CNN) — The United Auto Workers union says nearly 4,000 members are on strike at heavy truck manufacturer Mack Trucks after voting down a tentative agreement reached a week ago. The union said 73% of its workers had voted against the proposed deal. “I’m inspired to

CNN By David Goldman and Michelle Toh, CNN New York/Hong Kong (CNN) — Oil prices surged and the Israeli currency fell at the start of the week as investors reacted to war between Hamas and Israel. US stocks, which soared Friday on a surprisingly strong American job market report, staged a comeback Monday afternoon after

By David Goldman and Michelle Toh, CNN New York/Hong Kong (CNN) — Oil prices surged and the Israeli currency fell at the start of the week as investors reacted to war between Hamas and Israel. US stocks, which soared Friday on a surprisingly strong American job market report, staged a comeback Monday afternoon after falling

By Ramishah Maruf, CNN New York (CNN) — Americans celebrate Indigenous Peoples’ Day and Columbus Day on the second Monday of October each year. Indigenous Peoples’ Day recognizes the contributions and legacy of those who lived here long before Christopher Columbus erroneously claimed to have discovered America. President Joe Biden formally recognized Indigenous Peoples’ Day

By Elisabeth Buchwald, CNN New York (CNN) — From actors to autoworkers, more than 450,000 workers have participated in 312 strikes in the United States this year, according to Cornell University’s Labor Action Tracker. Are all of these workers missing from the US government’s monthly jobs reports? The report produced by the Bureau of Labor

By Anna Bahney, CNN Washington, DC (CNN) — The average US mortgage rate hit 7.49% this week, the highest level in 23 years. But the rate you may be able to secure from a lender could be very different. It could either be a good bit higher than the current average, or lower. It all

By Emma Tucker, CNN (CNN) — The already historic Powerball jackpot climbed to an estimated $1.55 billion after there was no big winner in Saturday night’s drawing, leaving the third largest prize in the game’s history still up for grabs. If the jackpot is won in the next drawing on Monday, a lucky player would

By Nicole Goodkind, CNN New York (CNN) — Airlines scrambled to cancel flights into Israel early Saturday after Palestinian militants launched a surprise attack, firing thousands of rockets from Gaza into nearby Israeli towns during a Jewish holiday. As of Saturday afternoon, about 16% of flights were canceled and 23% were delayed to Ben Gurion

By Samantha Delouya, CNN (CNN) — More than 75,000 unionized Kaiser Permanente employees are returning to work after a historic three-day strike. But an even bigger, longer work stoppage could be just around the corner. This week’s temporary work stoppage — the largest health care strike in US history — concluded at 6 am PT

By Nathaniel Meyersohn, CNN New York (CNN) — Three generations of Lynda Jackson’s family have worked in Detroit’s auto plants, and three generations have been union members. Her father moved from Alabama to Detroit in the 1960s to work at Chrysler. Her uncles, stepmother and cousins all worked at Ford, General Motors and Chrysler (now

By Danielle Wiener-Bronner, CNN New York (CNN) — Navigating the grocery aisle is overwhelming, especially when trying to make sense of food labels. Nutrition claims like “sugar-free” or “reduced fat” are hard enough to parse, even when they are clearly defined. Shoppers who want to know where their food comes from, or how long it

By Zoe Sottile, CNN (CNN) — Lottery players have the chance to win big tonight, with the Powerball jackpot soaring to an estimated $1.4 billion for Saturday’s drawing after there was no grand prize winner Wednesday. The winning numbers are 47, 54, 57, 60, 65 and the Powerball 19. The jackpot will bear out a

By Yoonjung Seo and Michelle Toh, CNN Seoul/Hong Kong (CNN) — When Hwang Ji-sun, 52, first joined the assembly line at South Korean carmaker Hyundai 22 years ago, women like her had it tough. There weren’t enough bathrooms for them, she recalled, and female technicians were paid less than their full-time male colleagues, because they

By Nicole Goodkind, CNN New York (CNN) — Employees at two of the largest drugstore chains in the United States say harsh working conditions make it difficult to safely fill prescriptions, which could put the health of their customers at risk. Now, they’re demanding change by staging a series of walkouts across the country. Pharmacy

By Ramishah Maruf and Pete Muntean, CNN New York (CNN) — Delta Air Lines will pay tens of millions of dollars to settle a class-action lawsuit from customers who said the airline wouldn’t refund their canceled flights in the beginning of the Covid-19 pandemic. The total sum of claims is $27 million, and Delta will

Sergio Padilla, CNN (CNN) — AMC Entertainment is feeling the effects of Taylor Swift’s massive fan following. Shares of AMC (AMC) surged 11.5% in Friday afternoon trading after the movie theater chain announced that “Taylor Swift: The Eras Tour” concert film had grossed over $100 million in advance ticket sales. The company said in a

By Allison Morrow, CNN New York (CNN) — Sam Bankman-Fried’s fraud trial began just four days ago, and already jurors have heard testimony from one of his closest business partners who said, in essence, “we did the crimes, and we did them at SBF’s direction.” Gary Wang, the co-founder of now-bankrupt crypto exchange FTX, is