Economy

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…

California-based Farmers Insurance said Monday it is laying off 11% of its workforce — or 2,400 employees — in a bid to restructure itself for…

When employers deliver a job offer, it had better come with some teeth: Americans’ wage expectations have hit record highs, according to a Federal…

S&P Global Ratings downgraded five regional US banks by one notch and signaled a negative outlook for several others on…

Retail experts have long sounded the alarm on malls in the…

An already miserably unaffordable housing market is getting more…

Target and Home Depot are slumping. But more shoppers are heading to Walmart for groceries and…

Spending at US retailers rose in July at a much faster pace than in the prior month, a combination of both strong demand among American consumers and…

The Justice Department announced on Monday that UBS has agreed to pay $1.4 billion in penalties for allegedly defrauding investors by selling…