Grocery store prices aren’t coming down anytime soon

New York CNN Business — Some sobering news for US shoppers: There’s little relief in sight on grocery store bills. Grocery prices climbed 13.5% in August from the year before, the highest annual increase since March 1979, according to government data. Executives at large food manufacturers and analysts expect inflation to hover around this level … Read more

Anyone can now use powerful AI tools to make images. What could possibly go wrong?

CNN Business — If you’ve ever wanted to use artificial intelligence to quickly design a hybrid between a duck and a corgi, now is your time to shine. On Wednesday, OpenAI announced that anyone can now use the most recent version of its AI-powered DALL-E tool to generate a seemingly limitless range of images just … Read more

Inflation relief checks: Why some economists warn they could fuel rising prices

Washington CNN — Several states are sending taxpayers money to help them cope with inflation, but some economists warn that the payments will do little to alleviate the pain of rising costs and could further fuel inflation. In California, for example, about 23 million qualifying taxpayers are expected to receive up to $1,500, with smaller … Read more

Florida’s home insurance market was a mess before Ian. It’s about to get worse

New York CNN Business — Florida homeowners were already facing an expensive and difficult market for home insurance before Hurricane Ian. The devastating storm is about to make things worse — even for those fortunate enough to escape any damage. For the better part of two decades, the nation’s major insurers have wanted as little … Read more

Premarket stocks: The bond market is crumbling

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN Business — The global bond market is having a historically awful year. The yield … Read more

Forget a soft landing. The market’s best hope is a “growth” recession

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN Business — Investors are waking up to the harsh reality of just how much … Read more

UK’s mini budget slashes taxes and borrows heavily as recession hits

London CNN Business — A huge gamble by the UK government aimed at rescuing the economy from recession and boosting long-term growth sent the pound plunging on Friday. Announcing the biggest tax cuts in 50 years at the same time as boosting spending, Finance Minister Kwasi Kwarteng said the government needed a “new approach for … Read more

Colbert asked Olivia Wilde if Harry Styles spit on Chris Pine. Hear her response

VENICE, ITALY – SEPTEMBER 05: (L-R) Gemma Chan, Harry Styles, Sydney Chandler, director Olivia Wilde, Chris Pine, Florence Pugh and Nick Kroll attend the “Don’t Worry Darling” red carpet at the 79th Venice International Film Festival on September 05, 2022 in Venice, Italy. (Photo by Vittorio Zunino Celotto/Getty Images)Vittorio Zunino Celotto/Getty Images Europe/Getty Images

How political candidates are targeting you on social media based on your music tastes, shopping habits and favorite TV shows

CNN — Marco Rubio hopes to sway voters interested in Chick-fil-A, Ram trucks, and Duck Dynasty. John Fetterman is searching for fans of microbreweries, Teslas, and the Dave Matthews Band. And Michael Bennet wants to reach people who like Taylor Swift and Lizzo – while avoiding devoted listeners of Jason Aldean. Candidates in some of … Read more

The internet’s new favorite video game is like ‘Guitar Hero’ but with trombones

New York CNN Business — If you liked “Guitar Hero” but wished it had more brass instruments, you’re in luck. A new rhythm game called “Trombone Champ” has struck a chord with users online, bringing the kind of much-needed levity to the internet that only a trombone can. Numerous videos have been shared Wed social … Read more