CNN – Business/Consumer

By Anna Bahney, CNN Business Mortgage rates started off 2022 with a bang, as the average rate moved higher than at any point last year. The 30-year fixed-rate mortgage averaged 3.22% in the week ending on January 6, up from an average 3.11% last week. A year ago the 30-year rate was 2.65%, the lowest

CNN, CNN BUSINESS By Peter Valdes-Dapena, CNN Business The BMW Flow electric SUV concept can change hues at the press of a button, going from white to gray or black and back again in moments. While it can’t go beyond shades of gray and, even at that, it lacks the subtlety and depth of real

By Peter Valdes-Dapena, CNN Business The BMW Flow electric SUV concept can change hues at the press of a button, going from white to gray or black and back again in moments. While it can’t go beyond shades of gray and, even at that, it lacks the subtlety and depth of real car paint, the

By Jeanne Sahadi, CNN Business Millions of people have decided to quit their jobs. If you’re one of them, you’ll have a lot to wrap up before your last day of work. Before handing in your company ID, decide what you want to do with any 401(k) savings you now have in your soon-to-be-former employer’s

By Jordan Valinsky, CNN Business Bed Bath & Beyond revealed the locations of 37 of the approximately 200 stores it plans close in the coming weeks. The plans, which were announced two years ago, are part of Bed Bath & Beyond’s multi-year transformation that includes creating new, private labels, remodeling stores and focusing on e-commerce

By Alicia Wallace, CNN Business The Omicron variant may be hurtling the labor market, hospitals, travel and in-person events into states of upheaval, but it’s not expected to deter consumers from spending, Wells Fargo economists said Wednesday. Consumer spending is expected to remain strong in 2022, despite an obstinate virus, a new variant causing a

By Julia Horowitz, CNN Business Retailers can breathe a sigh of relief now that the Christmas holiday is over, capping months of laborious planning to keep shelves stocked over the busy shopping period. But it may not be much of a respite. What’s happening: A new index from the Federal Reserve Bank of New York

By Jordan Valinsky, CNN Business Taco Bell is rolling out what’s arguably the tastiest subscription service yet: daily tacos. For $10 a month, Taco Bell customers can get one taco per day for 30 consecutive days. The national program, called Taco Lover’s Pass, is available to purchase beginning Thursday for members of its rewards program

By Michelle Toh and Charles Riley, CNN Business Global stock markets retreated Thursday after the Federal Reserve sparked a major sell-off on Wall Street by signaling it may unwind economic stimulus more aggressively than investors had expected. Some markets in Asia fell sharply, with Japan’s benchmark Nikkei and Australia’s S&P/ASX 200 sliding 2.9% and 2.7%,

By Laura He, CNN Business A top Chinese official this week called for more tax cuts as the world’s second largest economy contends with fallout from renewed Covid outbreaks, a strict zero-tolerance approach to containing the virus and a deepening real estate crisis. “Our country’s economy is facing new downward pressures,” Premier Li Keqiang told

CNN By Oliver Darcy, CNN Business On the one-year anniversary of the January 6 insurrection, some of the most powerful forces in right-wing media continued to mislead or just brazenly lie to their audiences about the attack on the US Capitol, while others downplayed the events and mocked the news media for its coverage. The

By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. I spent the morning of January 6, 2021 on the phone with one of my sources at Fox — a true conservative who hated what Donald Trump had done to

CNN, CNN BUSINESS By Anneken Tappe, CNN Business Wall Street ended Wednesday’s session sharply lower, as investors dealt with Omicron headlines as well as the Federal Reserve’s December meeting minutes that confirmed the central bank has its foot on the stimulus brakes. The Dow, which hit a record high Tuesday, closed down 1.1%, or 393