CNN – Business/Consumer

By John Towfighi, CNN New York (CNN) — Bonds had a wild week, with yields around the globe spiking to their highest levels in decades. Bond market volatility increased at its fastest pace in months. That’s making investors concerned that the turbulence could spill into the stock market. The bond market’s “fear gauge,” which tracks

By Brian Stelter, CNN (CNN) — The major networks in the White House TV pool are resuming coverage of presidential events this morning after pausing for several days after President Donald Trump banned CNN. CNN and other networks showed pool footage on Friday morning of Trump greeting Chinese leader Xi Jinping outside the White House

By Alicia Wallace, CNN (CNN) — US consumer sentiment fell to its second-lowest level on record in September as high gas prices further soured Americans’ views of the economy. The University of Michigan’s consumer sentiment index for September dipped to 48.1, notching a 7% decline from August and a nearly 13% drop from a year

By Matt Egan, CNN New York (CNN) — In January 2024, then-presidential candidate Donald Trump blasted the Biden administration for freezing approvals for new plants to export US liquefied natural gas. When he won the election, in part by slamming the Biden-Harris “war on energy,” Trump vowed in his second inaugural address: “We will bring

By David Goldman, CNN (CNN) — Ambassador Alan Wolff says President Donald Trump’s novel implementation of America’s tariff law is illegal and runs counter to how Congress intended the presidential power to be used. Wolff would know. He wrote the law. “I have a sense of ownership of the statute,” said Wolff, who served as

By John Towfighi, CNN New York (CNN) — The US 30-year Treasury yield rose as high as 5.5% Thursday afternoon, its highest level since 2004, extending a recent sell-off that has seen yields climb around the globe. Bond yields jumped this week, surging to fresh highs for this year. Thursday’s action follows a steep bond

By Samantha Delouya, CNN (CNN) — As interest rates have stayed elevated for the last few years, a growing share of homebuyers turned to adjustable-rate loans (ARMs). These loans typically offer some breathing room from high rates by providing a lower fixed rate for five, seven, or 10 years before resetting with market rates. With

By Samantha Delouya, John Towfighi, CNN (CNN) — Mortgage rates reached a grim milestone this week, topping 7% for the first time since January 2025 and reaching their highest level during either of Donald Trump’s presidential terms. The average 30-year fixed mortgage rate climbed to 7.03% this week, up from 6.95% last week, according to

By Jordan Valinsky, CNN New York (CNN) — Starbucks is closing approximately 250 locations in the coming days as the coffee chain continues to prune its store count during its turnaround efforts. The affected locations didn’t “deliver the experience we want for customers and partners” or aren’t financial viable, the company said in a statement.

By Jeanne Sahadi, CNN (CNN) — Like many people, you’d probably love to save more to do … well, everything. But life can be busy and expensive – increasingly so. And your list of financial obligations is already long. Still, taking just a little time to focus on where you’re at financially today versus where

By Matt Egan, CNN New York (CNN) — President Donald Trump says he wants to ban America’s diesel exports, but his former energy secretary tells CNN this is a “bad idea” that will backfire. “It’s one of those ideas that sounds good on the surface, but when you dig into it, it makes very little

By Jordan Valinsky, CNN AnNew York (CNN) — McDonald’s is spending billions of dollars to boost its franchises, an effort to cement its title as the leader in fast food amid growing competition. The chain announced Wednesday that it will invest $8.5 billion by 2036 on a series of initiatives, including remodeling restaurants, retraining their

By Hadas Gold, Clare Duffy, CNN (CNN) — When AI company Hugging Face was hacked by a swarm of rogue OpenAI agents who had escaped their testing environment, the company’s CEO had many things to say. He called it an unprecedented event – “day one for cybersecurity in the age of agents.” But here’s one

By Hilary Whiteman, Hadas Gold, Max Saltman, CNN Brisbane, Australia (CNN) — An OpenAI agent hacked into an Australian national healthcare database in the first known case of AI hacking a government network, the country’s prime minister said Wednesday. “The AI agent accessed both public and non-public files” of the country’s Medicare statistics database, and

CNN By Hilary Whiteman, Hadas Gold, Max Saltman, CNN Brisbane, Australia (CNN) — An OpenAI agent hacked into an Australian national healthcare database in the first known case of AI hacking a government network, the country’s prime minister said Wednesday. “The AI agent accessed both public and non-public files” of the country’s Medicare statistics database,

By Lisa Eadicicco, CNN (CNN) — As concerns over AI’s rapid advancement continue to mount, Meta is pushing forward with new AI devices and agents that it believes will one day be essential to everyday life. Meta CEO Zuckerberg and other executives laid out the company’s vision for AI at the tech giant’s Connect event

By John Towfighi, CNN New York (CNN) — The 10-year US Treasury yield surged Wednesday to reclaim its highest level in nearly two decades after new data depicted strong business activity and intensifying inflation concerns. The 10-year yield surged 15 basis points to 5.11%, a fresh high for this year and the highest level since

By Clare Duffy, CNN New York (CNN) — YouTube CEO Neal Mohan dismissed the idea of joining Meta’s multistate settlement agreement around child safety, saying the video platform already has measures in place to protect young users. “We have invested in making sure that young people are safe on our platform… for a very long

By Hadas Gold, CNN (CNN) — The leaders of two of the world’s top AI companies are usually fierce rivals. But in front of the UN Security Council on Wednesday, they were in agreement: The AI industry needs international standards and cooperation, or risk global security. OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei

By Brian Stelter, Liam Reilly, CNN (CNN) — An Iowa judge has dismissed President Donald Trump’s lawsuit against pollster J. Ann Selzer, her polling company, the Des Moines Register and Gannett. In a written ruling on Wednesday, Judge Scott Beattie of Iowa’s Fifth Judicial District threw out the lawsuit by Trump, Rep. Mariannette Miller-Meeks and