Money

By Parija Kavilanz, CNN New York (CNN) — It appears that the trusty, “sorry-not-sorry that I’m ugly” Crocs foam clog has found a way to get even weirder, this time with some western flair. On Thursday, Crocs unveiled something previously unimaginable. A Crocs cowboy boot, with spurs and all. Should we thank Taylor Swift for

By Chris Isidore and Vanessa Yurkevich, CNN New York (CNN) — Three weeks into the United Auto Workers strike, signs of progress have emerged in talks between the union and General Motors. GM said it provided a counteroffer to the UAW’s most recent proposal, which it said is the sixth by the company since the

By Allison Morrow, CNN New York (CNN) — A key witness for prosecutors in the trial of Sam Bankman-Fried testified that both he and Bankman-Fried committed multiple financial crimes related to their oversight of now-bankrupt crypto exchange FTX. Gary Wang, who co-founded FTX with Bankman-Fried, told jurors — in compliance with an earlier plea deal

By Samantha Delouya, CNN (CNN) — The largest health care strike in US history is now in its second day after more than 75,000 Kaiser Permanente workers began walking off the job on Wednesday. The striking employees, who work across California, Colorado, Washington and Oregon, are represented by a coalition of unions that comprise 40%

By Jordan Valinsky, CNN Business New York (CNN) — The Girl Scouts are discontinuing a popular cookie just a year after its debut sparked a frenzy. Raspberry Rally won’t be sold this upcoming cookie-sales season, which runs January to April 2024, Girl Scouts of the USA has announced. The Rallies was introduced last year as

By Matt Egan, CNN New York (CNN) — After spiking to alarming levels just last week, oil prices are suddenly in free-fall mode. The dramatic reversal should bring relief to drivers (and nervous central bankers) very soon. US oil prices plunged by 5.6% to $84.22 a barrel on Wednesday, marking the biggest one-day decline in

By Anna Bahney, CNN Washington, DC (CNN) — US mortgage rates climbed even higher this week, hitting 7.49% and pushing homeownership further out of reach for would-be homebuyers. That’s up from 7.31% the week before, according to data from Freddie Mac released Thursday. A year ago, the 30-year fixed-rate was 6.66%. “Several factors, including shifts

By Niamh Kennedy and Anna Cooban, CNN London (CNN) — Intelligence officers in Belgium are monitoring Alibaba’s logistics hub in Europe for possible espionage on behalf of the Chinese government. Belgium’s state security service VSSE told CNN Thursday it was watching the activities of Alibaba’s (BABA) logistics arm, Cainiao, at the country’s Liège cargo airport.

By Anna Cooban, CNN London (CNN) — Shares in UK lender Metro Bank sank as much as 31% Thursday following a report that it was urgently seeking to raise funds to shore up its finances. The Financial Times reported that the bank was in talks with investors to raise £250 million ($303 million) in equity

By Alicia Wallace, CNN Minneapolis (CNN) — This time last week, the prospects seemed to be growing dimmer that the September jobs report would land this Friday as planned. A government shutdown would have forced the Bureau of Labor Statistics to go dark and result in the blackout of critical economic data. But after a

By Hanna Ziady, CNN London (CNN) — Microsoft and Amazon could be in hot water over apparently making it difficult for UK customers to use multiple suppliers of vital cloud services. The Competition and Markets Authority (CMA), the country’s antitrust regulator, said Thursday it was launching an investigation into the UK cloud infrastructure services market

By Tami Luhby, CNN (CNN) — At a time when registered nurses are going on strike to protest staffing shortages, thousands of applicants who want to enter or advance in the profession are being turned away from nursing schools. Nearly 78,200 qualified applications were not offered spots at nursing schools last year, according to the

By Matt Egan, CNN Business New York (CNN Business) — Online shoppers will be offered record-setting discounts this holiday season as retailers attempt to entice inflation-weary consumers to buy, according to projections released Thursday by Adobe Analytics. And the company predicts the strategy will work, with online holiday sales climbing almost 5% above last year.

By Berry Wang and Jessie Yeung, CNN Hong Kong (CNN) — On the day Liang resigned from his banking job in China’s Zhejiang province, his friends threw a party and congratulated him by beating gongs and drums, in an echo of traditional marriage rituals. His friends, who had also quit their jobs, pinned a flower

CNN By Nouran Salahieh, CNN (CNN) — The Powerball jackpot soared to an estimated $1.4 billion for Saturday – which would be the third largest jackpot in the game’s history – after Wednesday night’s drawing turned up no grand prize winner. The prize up for grabs Saturday would also be the fifth largest US lottery

By Nouran Salahieh, CNN (CNN) — The Powerball jackpot soared to an estimated $1.4 billion for Saturday – which would be the third largest jackpot in the game’s history – after Wednesday night’s drawing turned up no grand prize winner. The prize up for grabs Saturday would also be the fifth largest US lottery jackpot,

By Francesca Annio and Chris Lau, CNN Tokyo/Hong Kong (CNN) — A Japanese sushi chain targeted in a spate of pranks that has sparked concern over hygiene has devised a digital conveyor belt to serve food to customers. Instead of placing sushi on a rotating conveyor belt for customers to pick up — famously known

By Holly Yan, CNN (CNN) — Your dream of buying 400 private jets or some Lamborghini Veneno Roadsters for you and 143 of your closest friends could become reality after Wednesday night’s Powerball drawing. The winning numbers are 9, 35, 54, 63, 64 and Powerball 1. The grand prize is worth an estimated $1.2 billion

By Elisabeth Buchwald, CNN New York (CNN) — Almost any economist will tell you they don’t have a crystal ball. But using all kinds of fancy (and sometimes not so fancy) models, they make predictions about forthcoming economic data. And oftentimes, economists’ consensus forecasts are spot on. That wasn’t the case with today’s ADP private