Economy

The Black Friday and Cyber Monday billion-dollar US spending spree was fueled by “Buy Now, Pay Later”…

By Parija Kavilanz, CNN New York (CNN) — Black Friday, for plenty of people, will mark a day of relaxation after family and friends gather…

As you make your way down the grocery aisle, maybe picking up supplies for apple pie, you might notice something interesting. The price of flour,…

By Eva Rothenberg, CNN New York (CNN) — While retail giants like Amazon and Walmart hope for big profits from Black Friday, the less-heralded…

After encountering rapid price increases for more than two years, discounts at some stores would certainly feel like a much-needed…

Americans cut their retail spending in October for the first time since March, with interest rates at a 22-year…

US wholesale inflation cooled off in October, reversing a three-month trend that had seen the cost of energy push up prices, according to data…

New survey data released Monday by the Federal Reserve Bank of New York showed that US consumers believe inflation will continue to ease, the labor…

Ken Rose, a restaurateur and chef in Sandy, Utah, said that though he has always paid his employees above his state’s minimum wage of $7.25 an…

The September jobs report was somewhat of a shocker, with a surprise 336,000 positions added — nearly double what economists had…

By Bryan Mena, CNN Washington, DC (CNN) — Americans’ moods soured this month, largely due to a wobbly stock market. The University of…

By Elisabeth Buchwald, CNN New York (CNN) — The Federal Reserve’s preferred inflation gauge cooled slightly last month, according to data…

By Bryan Mena, CNN Washington, DC (CNN) — The US economy expanded at a remarkably strong pace in the third quarter, despite interest rates at…

In 2021, when the price of organic cotton and other raw materials spiked, the family that runs White Lotus Home, a New Jersey-based sustainable…

Thanks to growing competition in the market, and some reticence from consumers, automakers and car dealers are offering huge discounts on electric…

By Alicia Wallace, CNN Minneapolis (CNN) — Inflation remained elevated in September as gas and rents kept prices high and heaped more pressure…

Sheila Bair, who had a front row seat to the subprime mortgage meltdown, is worried today’s housing market is unsustainably…

By Alicia Wallace, CNN Minneapolis (CNN) — Fall is here, pumpkin spice lattes are flowing, and in some states, there’s a bite in the air from…

US pending home sales dropped 7.1% in August from the month prior as mortgage rates surging over 7% in August to levels not seen in 20 years packed a…

Rising gas prices and high interest rates contributed to greater economic uncertainty and dampened consumer confidence in September, dropping the key…

New home sales dropped in August from the month before, as mortgage rates topped 7% and rose to the highest levels in more than 20…

US home prices continued to rise in July, hitting a new record high and marking the sixth successive month of gains, as historically low inventory…

CNN By Parija Kavilanz, CNN New York (CNN) — Target’s decision to close nine of its stores in major cities, citing persistent large-scale…

By Anna Bahney, CNN Washington, DC (CNN) — US mortgage rates remained flat this week, hovering over 7%, where they’ve been for six…

Home prices continued to climb in August, even as home sales dropped, a result of the low inventory of homes for sale pushing prices up and…

By Jeanne Sahadi, CNN New York (CNN) — The Federal Reserve on Wednesday chose not to raise its key interest rate, the same decision it took…

US home building sank in August, dropping 11.3% from July levels, as mortgage rates stayed elevated amid lingering…

By Bryan Mena, CNN Washington, DC (CNN) — Rising gas prices haven’t taken their toll on the American consumer just yet, amid growing optimism…

Wholesale inflation accelerated for the second month in a row, mirroring a similar trend in the Consumer Price Index report, the Bureau of Labor…

America’s small businesses felt gloomier in August as they continued to struggle with inflation and hiring qualified workers, according to a survey…

On a warm Saturday morning in July, as Kathie Leonard planned to set out on her boat for a day on the water off the coast of Maine, her phone…

By Samantha Delouya, CNN (CNN) — People aren’t buying furniture like they used to. Last week, a pair of furniture retailers said they are…