President Donald Trump announced on social media this week that grocery prices are “going down.” But that doesn’t seem to be the case in my neck of the woods (nearly $11 for a bag of Ghirardelli semisweet chocolate chips? Seriously?). CNN did a fact-check and it turns out Trump's claim was incorrect. According to the Consumer Price Index, average grocery prices were about 2.41% higher last month than they were in March 2024. That was the highest year-over-year grocery inflation rate since August 2023.
Here's what else you need to know to Get Up to Speed and on With Your Day.
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Sen. Chris Van Hollen of Maryland meets with Kilmar Abrego Garcia in El Salvador. Sen. Chris Van Hollen/Facebook |
The Trump administration is gutting the Consumer Financial Protection Bureau — despite a court order not to do so. The independent agency, created after the 2008 financial meltdown, protects Americans from financial abuses and has regulatory authority over many types of products and services, including bank accounts, consumer debt collection, credit cards, credit reporting and loan servicing. But on Thursday, the Trump administration laid off about 1,500 out of 1,700 employees, the National Treasury Employees Union said. Last week, a federal appeals court told the administration that it can shrink the agency but not dismantle it, nor can it trim the CFPB so much that the staff can’t carry out its statutory functions. Federal employee unions and other organizations have asked a judge to hold an emergency hearing on the layoffs, claiming the administration violated the previous court order by “cutting the Bureau’s staff by 90 percent in just 24 hours.”
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With the arrival of spring, homeowners are making sure their properties offer good curb appeal. Those who are eager to buy are browsing real estate listings and lining up potential dates for open houses. But if buyers can’t afford to purchase a property in cash, they’ll need to keep an eye on mortgage rates — and this week, those rates jumped to the highest level in months. The average rate on a standard, 30-year fixed mortgage was 6.83% in the week ending April 17, up from 6.62% a week ago, mortgage financing provider Freddie Mac reported. That's the largest one-week jump in mortgage rates in nearly a year. Interest rates had been steadily falling until President Trump launched his sweeping tariff plan earlier this month, prompting an escalating trade war with China.
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The US may abandon efforts to end Russia’s war on Ukraine
“If it is not possible to end the war in Ukraine, we need to move on,” Secretary of State Marco Rubio said earlier today before departing from Paris, where he had held high-level talks with European and Ukrainian officials. “We need to determine very quickly now, and I’m talking about a matter of days, whether or not this is doable.”
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Congrats to Ju Wenjun!
The Chinese grandmaster made history this week by winning the Women’s World Chess Championship. She is just the fourth woman – and the first Chinese player ever – to win the world championship five times.
One of the world’s smallest countries just got its first ATMs
People on the Pacific paradise of Tuvalu have long used cash to complete various transactions. So when the local bank debuted its new ATMs this week, local dignitaries gathered to celebrate the “significant milestone” with a massive chocolate cake.
Coffee with a side of defiance
Some Mexican cafés are changing the name of the Americano. The move is an act of protest against US policies, particularly with regard to immigration.
The new Dumbledore will be played by an American
But don’t worry, Brits. It’s the Emmy and Tony-winning actor John Lithgow who’ll be taking on the role of the headmaster of Hogwarts School of Witchcraft and Wizardry in the upcoming “Harry Potter” series on HBO. And, as Lithgow noted, “I’m not an Englishman, although I’ve played one on TV.” (HBO, like CNN, is owned by Warner Bros. Discovery)
Taco Bell brings back a popular item
Americans can’t get enough of … chicken nuggets? Taco Bell says it marinates chicken pieces in a jalapeño buttermilk flavor and coats them with tortilla chips and breadcrumbs. When the fast food chain offered the nuggets last December as a limited edition item, they sold out in just a week.
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Which comedian has been tapped to host the 2025 Emmy Awards in September?
A. Ricky Gervais B. Conan O’Brien
C. Nate Bargatze D. John Mulaney
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Last week, 43% of readers who took the quiz got eight or more questions right. How will you fare?
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“All we can do is share with you what we’re doing and ask for your prayers that this country will not allow itself to go the way of Germany in the 1930s when people stood by.”
— Democratic Rep. Jim Clyburn, speaking at a town hall in South Carolina this week where he also urged attendees to speak out and vote.
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Brought to you by CNN Underscored
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12 podiatrist-backed Skechers shoes to buy, starting at $34
There’s a pair of Skechers for any activity. From hands-free slip-on shoes perfect for strolling around town to ultra-cushioned sneakers that will be comfortable no matter how long you’re on your feet, here are the 12 pairs of Skechers podiatrists recommend. Bonus: Comfy sandals are included too.
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Crosswalks offer crosstalk on the 1%
The signals, which have been hacked in several cities, play audio impersonations of Amazon founder Jeff Bezos, Meta CEO Mark Zuckerberg and Tesla founder/White House adviser Elon Musk. |
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