Money

By Anna Bahney, CNN Business Mortgage rates dipped again this week, marking the third straight week of falling rates. The 30-year fixed-rate mortgage averaged 6.49% in the week ending December 1, down from 6.58% the week before, according to Freddie Mac. A year ago, the 30-year fixed rate was 3.11%. Mortgage rates have risen throughout

By Allison Morrow, CNN Business Sam Bankman-Fried, the founder of now-bankrupt FTX, has fallen from the peak of crypto celebrity, but he’s not going quietly. In back-to-back interviews, he’s portrayed himself as a clumsy and repentant businessman. “I think I got a little cocky — I mean, more than a little bit,” he told ABC’s

By Chris Isidore, CNN Business A key measure of consumer prices slowed somewhat in October, another hopeful sign that inflation pressures could be moderating. The Personal Consumption Expenditures price index, or PCE, rose 6% in October compared to a year earlier, the Commerce Department reported Thursday. That’s down from the upwardly revised 6.3% annual increase

By Nathaniel Meyersohn, CNN Business Family Dollar has lost ground in the dollar store race for years. Now, the discount chain hopes lowering prices will help win back customers on tight budgets. Its main competition is the much larger Dollar General, which has grown rapidly over the past decade. The companies battle for many of

By Jeanne Sahadi, CNN Business No matter how smart or well educated you are, and no matter how successful professionally, when it comes to investing you still might not make the best decisions. That’s because you’re human, which means you’re hardwired to respond in certain ways that serve you well in many parts of your

By Tami Luhby, CNN As freight railroad workers look to Congress to provide them with paid sick days, millions of other American employees have no safety net if they fall ill. The US does not have a national standard on paid sick leave, a rarity among industrialized nations. Roughly 1 in 5 civilian workers lack

By Matt Egan, CNN Prices at the pump continue to plunge, dropping the US average for gasoline below where it was when Russia invaded Ukraine. A gallon of regular gas now fetches $3.47 nationally, according to AAA. That is below the $3.54 average on February 24, the day Russia invaded Ukraine. That is down about

By Chris Isidore, CNN Business A crippling freight railroad strike that threatened to upend the US economy now looks unlikely, as Congress votes on bills that would impose a contract on freight railroads and the unions that represent their workers. The House approved two pieces of legislation Wednesday, one to impose the tentative agreements that