Money

By Samantha Delouya, CNN (CNN) — For homebuyers struggling to afford a home amid stubbornly high mortgage rates and surging prices, there’s a little-known workaround that can help turn back the clock to the days of ultra-low monthly mortgage payments. But it comes with a few caveats. Assumable mortgages are loans that allow a homebuyer

By Matt Egan, CNN New York (CNN) — A criminal conviction isn’t typically a market-moving event. But the historic conviction of former President Donald Trump is causing extreme turbulence for Truth Social owner Trump Media & Technology Group. Trump Media – a notoriously volatile stock since debuting in late March – has swung between steep

By Alicia Wallace, CNN (CNN) — Inflation in April remained at the same stubbornly high level as in March. That means costs continued to rise too fast for consumers, and the Federal Reserve has more work to do in its fight against rising prices. The Personal Consumption Expenditures price index — a closely watched inflation gauge that the

By Diksha Madhok, CNN New Delhi (CNN) — India’s economy grew by more than 8% in the fiscal year that ended in March, according to data published Friday that gives a boost to Prime Minister Narendra Modi just hours before the country concludes its mammoth, weeks-long national election. Gross domestic product (GDP) increased by 8.2%, according

By Peter Valdes-Dapena and Ramishah Maruf, CNN (CNN) — The United States Department of Labor alleged on Thursday that Hyundai and two of its supplier companies illegally employed a 13-year-old who was kept working up 60 hours a week on an assembly line in Alabama. In a new complaint, the department alleges Best Practice, a

By Anna Cooban, CNN London (CNN) — Inflation in Europe has ticked up for the first time in five months, casting doubt on the possibility of a steady stream of interest rate cuts by the European Central Bank over the next few months. Annual consumer price inflation in the 20 countries that use the euro

By Elisabeth Buchwald, CNN New York (CNN) — It’s almost laughable at this point when Bryn Savidge gets a job rejection email. “It’s like they’re all using the same AI algorithm to say, ‘Write this person a rejection letter,’” said Savidge, who graduated from Kenyon College, a small liberal arts college 50 miles from Columbus,

CNN By Oliver Darcy, CNN (CNN) — Donald Trump’s media allies are demanding retribution in the wake of his conviction. Following weeks of attacks targeting the historic hush money case against the former president, prominent right-wing media figures immediately flooded the public discourse Thursday with extreme and disturbing rhetoric after Trump was found guilty on 34 felony

By Bryan Mena, CNN Washington (CNN) — US economic data released Thursday was broadly disappointing. America’s economy expanded at a weaker pace earlier this year than initially reported. The decline in home sales based on contract signings last month was much steeper than economists expected. And mortgage rates inched higher this week, thrusting the average

By Peter Valdes-Dapena, CNN (CNN) — Jeep, widely known for making rugged off-road vehicles, has unveiled its first fully electric SUV for the North American market. Jeep already offers the small Avenger EV in Europe but the Wagnoneer S, unveiled Thursday night, will be available in the US and Canada later this year before being

Analysis by Bryan Mena and Nathaniel Meyersohn, CNN (CNN) — It’s becoming tougher and tougher for Americans to carry on with their spending spree. Years of elevated inflation and the highest interest rates in almost a quarter century are wearing out the US consumer. Savings accumulated during the Covid-19 pandemic are drying up, borrowers continue

By Clare Duffy and Brian Fung, CNN (CNN) — Elon Musk has sought to accumulate political capital commensurate with his extravagant wealth. In the past year, Musk has publicly opined on global conflicts, met with numerous world leaders and US senators to discuss artificial intelligence and his space and satellite technologies. And he has courted

By Hadas Gold, CNN (CNN) — The articles on a local news site popping up around the country appear to cover what any community outlet would focus on: crime, local politics, weather and happenings. “In-depth reporting about your home area,” the outlet’s slogan proudly declares. But a closer look at the bylines populating the local site and a national network of others — Sarah Kim, Jake Rodriguez,

By Nicole Goodkind, CNN New York (CNN) — US markets have had a rough week. The Dow has fallen by around 1,000 points over the last three days alone — and the negative momentum didn’t let up Thursday. The Dow closed 331 points lower, or 0.9%. The S&P 500 was down 0.6% and the Nasdaq

By Peter Valdes-Dapena, CNN (CNN) — Johnny Wactor, an actor who formerly starred in “General Hospital,” caught people in the act of stealing the catalytic converter from his car Saturday. Tragically, one of the thieves, according to witnesses and Los Angeles police, then shot and killed Wactor. It’s rare for someone to be murdered over

By Jordan Valinsky, CNN New York (CNN) — One of the most eagerly anticipated items ever made by Taco Bell is finally getting a nationwide release. Two years ago, Taco Bell and Cheez-It created two new menu items that used a massive cheese cracker — 16-times bigger than normal — for a test sold at

By Allison Morrow, CNN New York (CNN) — The most important carmaker in the world right now is the Chinese-owned, Warren Buffett-backed company that has Elon Musk in a pickle. BYD, a carmaker Musk once laughed at, overtook Tesla at the end of last year as the top seller of electric vehicles on the planet

By Matt Egan, CNN (CNN) — Many Americans would love to buy a home, but they don’t have tens of thousands of dollars to cover a down payment. That massive roadblock is being removed by a new zero-percent down mortgage program launched two weeks ago by one of the nation’s largest mortgage lenders. However, the new program,

By Gregory Wallace, CNN Washington (CNN) — Boeing executives presented sweeping changes to the company’s production process and safety systems in a three-hour meeting with the Federal Aviation Administration on Thursday. The plan is meant to reassure the public, airline customers and regulators that the troubled company’s planes are safe to fly. “This is a guide

By Matt Egan, CNN (CNN) — Senate Majority Leader Chuck Schumer and nearly two dozen Democrats pressed the Justice Department on Thursday to launch an industry-wide investigation into Big Oil for alleged collusion and price fixing. In a letter to Attorney General Merrick Garland, Schumer and his colleagues expressed “serious concern” about “alarming” allegations from