CNN – Business/Consumer

By Samantha Delouya, CNN (CNN) — The global sell-off in the bond market is hitting the housing market, with US mortgage rates surging to their highest level of the year. That’s putting fresh pressure on home shoppers and homeowners hoping to refinance. The average 30-year fixed mortgage rate rose to 6.71% this week, according to

By John Towfighi, CNN (CNN) — The rise in bond yields is a global phenomenon, rooted in investors’ unease over unchecked government spending and intensified by bets that central banks may keep interest rates higher for longer. The US Treasury market gets the attention as the largest and most influential bond market in the world.

By Clare Duffy, CNN New York (CNN) — Nvidia announced on Thursday that it will buy artificial intelligence startup Hugging Face for $12.9 billion, a massive bet by the chipmaker to expand the reach of open-source AI technology. Hugging Face, a service for hosting and accessing open-source AI models and data sets, has been in

By Alicia Wallace, CNN (CNN) — The August jobs report is due out on Friday morning, and economists are expecting that employers added 65,000 jobs last month and the unemployment rate inched back up to 4.2%. US employment is likely to rebound after the surprise in July, when the economy unexpectedly lost an estimated 23,000

By Chris Isidore, CNN (CNN) — Nothing is more important to Tesla than its ambitious plan for self-driving “robotaxis.” But even as it hosts an event for its Cybercab service Thursday, it still has a long way to catch up to the competition in an industry where few have made any money at all. Tesla

By Clare Duffy, CNN New York (CNN) — New York City is banning the use of generative artificial intelligence for public school students from 2K through 8th grade, part of a larger move to restrict classroom technology in the nation’s largest school district. The one-year moratorium will affect nearly 600,000 public school students, nearly two-thirds

By John Towfighi, CNN New York (CNN) — Global bond yields are up sharply in recent weeks and US oil prices are back above $90 per barrel. Now, investors are on alert for potential pressure on the stock market. The 10-year US Treasury yield rose above 4.81% early Wednesday and hit its highest level since

By David Goldman, CNN (CNN) — Chevron said it would invest $7 billion in its Venezuelan oil projects, expecting to double its current oil production by 2031. It’s a long-expected decision, although the company didn’t arrive at it easily. Despite President Donald Trump’s demands that US oil companies take advantage of his administration’s January ouster

By Lisa Eadicicco, CNN (CNN) — Ethan Pecora has a team of 15 specialized artificial intelligence agents assisting him with his work. That includes helping to manage his calendar and various tasks related to the mental wellness app he’s building. Also, his schoolwork. Pecora’s setup may sound like that of a tech startup. But he’s

By Allison Morrow, CNN New York (CNN) — Ahead of its June IPO, SpaceX described its CEO as the “driving force behind our growth, innovation, and operational success.” His loss, “whether due to death, disability, or otherwise … could significantly disrupt our management structure.” While that’s fairly standard language for a regulatory filing, it is

By Ramishah Maruf, CNN New York (CNN) — The most popular iPhone app in the US is one that few people have thought about since dial-up internet: MapQuest. The mapping service is making a comeback on US App Stores after refusing to change Lake Ontario’s name, following President Donald Trump’s executive order rebranding it as

By John Towfighi, CNN New York (CNN) — Global bond yields rose Tuesday to their highest levels in decades as an escalation in the Middle East conflict pushed up oil prices and increased concerns that the Federal Reserve and other central banks could raise interest rates this month. In Japan, the 10-year government bond yield

By Clare Duffy, Brian Stelter, CNN New York (CNN) — As California Attorney General, Rob Bonta technically represents the interests of just one state. But over the past year, his profile has grown as he leads some of the business world’s biggest legal battles — with the potential to reshape how people across the country

By Chris Isidore, CNN (CNN) — Car salesman Bob Kain recalls the first time he saw a luxury car with a $25,000 sticker price at his family dealership. It was 1989, and the car was a Ford Crown Victoria. “I remember thinking, ‘My goodness gracious, this is going to be really hard to sell,’” he

By Ramishah Maruf, CNN New York (CNN) — The Federal Trade Commission and 22 states on Monday accused retail giant Amazon of deceiving businesses by overcharging prices to advertise on its massive retail platform, pocketing billions for the company. The lawsuit claimed 1.2 million advertisers paid more than they realized because Amazon raised the minimum

By John Liu, CNN Hong Kong (CNN) — Shein was the ultimate disruptor in fashion. By turning online trends into $11 jeans or $3 crop tops in a matter of days, the ultrafast fashion retailer overtook established companies such as Zara and H&M, prompting it to eye an initial public offering that would value the

By Chris Isidore, CNN (CNN) — The mystery of how a chain of gas stations was able to sell below the market rate has gotten a bit more interesting. Freedom Fuel Network, an upstart chain of gas stations mostly in the Philadelphia area, got a lot of attention — and praise from President Donald Trump

By Ramishah Maruf, CNN New York (CNN) — The Federal Trade Commission and 22 states on Monday accused retail giant Amazon of deceiving businesses by overcharging prices to advertise on its massive retail platform, pocketing billions for the company. The lawsuit claimed 1.2 million advertisers paid more than they realized because Amazon raised the minimum

By Anna Cooban, CNN London (CNN) — The head of the world’s financial stability watchdog warned on Monday of the serious risk posed by advanced AI models to the global financial system. In a letter to finance ministers and central bank governors for G20 countries, Andrew Bailey, chair of the Financial Stability Board, said the