US natural gas prices spike to 14-year high. Here’s why
By Matt Egan, CNN Business US natural gas prices have skyrocketed to levels unseen since 2008, a spike that threatens to offset the benefits of…
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New York manufacturing suffers near-record plunge
By Matt Egan, CNN Business In the latest sign of turbulence in the US economy, New York-area manufacturing suffered a large and unexpected setback in…
Continue Reading SoulCycle is closing 25% of its studios
By Jordan Valinsky, CNN Business It’s not just Peloton that’s spinning into trouble: Indoor cycling studio SoulCycle is closing about 25%…
Continue Reading New business taxes are coming. Wall Street isn’t worried
By Julia Horowitz, CNN Business The most powerful business lobby in the United States is not a fan of the landmark heath care and climate package…
Continue Reading Opinion: Fully remote work could soon vanish
Opinion by Johnny C. Taylor, Jr. for CNN Business Perspectives As restaurants, malls and movie theaters fill back up with people, the workplace has…
Continue Reading China cuts rates as lockdowns and a real estate crisis take their toll
By Laura He, CNN Business China’s central bank cut interest rates on Monday as new data showed the economy losing steam last month because of…
Continue Reading Modi pledges to turn India into a developed country as nation turns 75
By Rhea Mogul, CNN Standing in front of the historic Red Fort in Delhi, Prime Minister Narendra Modi on Monday pledged to transform India into a…
Continue Reading More than 2,000 California mental health clinicians set to strike
By Ramishah Maruf, CNN Thousands of mental health therapists at the country’s largest non-profit HMO are poised to strike this week, holding…
Continue Reading Black entertainment mogul calls for more inclusion in news and media
By Ramishah Maruf, CNN Byron Allen began his career as a standup comic and is now a media tycoon who owns dozens of outlets including the Weather…
Continue Reading Inflation, explained: Why prices keep going up and who’s to blame
By Allison Morrow and Nicole Goodkind, CNN Business Confused about inflation? You’re not alone. Inflation is, paradoxically, both incredibly…
Continue Reading Robinhood may need to join forces with a larger Wall Street rival
By Paul R. La Monica, CNN Business Robinhood, as its name suggests, was designed to take the power of the stock market away from the rich fat cats on…
Continue Reading Velveeta is staging a comeback
By Danielle Wiener-Bronner, CNN Business In 2020, something incredible happened in the dairy aisle: Velveeta started flying off the shelves. Sales of…
Continue Reading How Abercrombie, Victoria’s Secret and Vitamin Shoppe use smell to get you to spend more
By Nathaniel Meyersohn, CNN Business Have you ever stepped into an Abercrombie, Victoria’s Secret, Vitamin Shoppe or another store and…
Continue Reading CNN chief legal analyst Jeffrey Toobin will exit network after 20 years
By Oliver Darcy, CNN Business Jeffrey Toobin said Friday that he will depart CNN, where he served most recently as chief legal analyst, putting an…
Continue Reading Rivian lost $1.7 billion in three months. Here’s why that may not be a problem
By Matt McFarland, CNN Business Rivian lost a whopping $1.7 billion in the second three months of the year, but some auto industry experts say…
Continue Reading Consumers still don’t feel great about the economy, despite lower gas prices
Martha C. White for CNN Business Consumer sentiment in August continued to rebound from its June trough, but Americans’ feelings about the…
Continue Reading Peloton is cutting jobs, closing stores and hiking prices
By Jordan Valinsky, CNN Business Peloton is slashing jobs again, and this time it’s also hiking prices on some of its products. It’s part…
Continue Reading Judge denies Trump Org and former CFO’s motion to dismiss tax fraud indictment
By Kara Scannell, CNN Business A New York state judge denied the Trump Organization and its former chief financial officer Allen Weisselberg’s…
Continue Reading The Rhine is shrinking, endangering Europe’s top economy
By Michelle Toh and Benjamin Brown, CNN Business Germany’s Rhine river is getting too dry, snarling supply chains and creating more problems…
Continue Reading UK recession looms as households feel pain of soaring energy bills
By Anna Cooban, CNN Business Britons are bracing themselves for more tough times ahead as the economy starts to shrink and a new forecast suggests…
Continue Reading Johnson & Johnson will stop selling talc-based baby powder around the world in 2023
By Jordan Valinsky, CNN Business Johnson & Johnson is abandoning talc-based baby powder next year and instead will make it with cornstarch. Its…
Continue Reading Rate hikes and recession are still in the cards
By Nicole Goodkind, CNN Business There appears to be some confusion about the trajectory of prices in the US. That’s partially because…
Continue Reading ‘Moon Man’ is just what China’s box office needs after months of lockdowns
By Laura He, CNN Business A Chinese sci-fi comedy about an astronaut stranded on the moon has shattered summer box office records in China, providing…
Continue Reading Argentina hikes interest rates to 69.5% as inflation hits 20-year high
By Reuters Argentina’s central bank raised its benchmark interest rate by 950 basis points on Thursday as the country struggles to keep a lid…
Continue Reading Rivian losses surge to $1.7 billion as production ramps up
By Matt McFarland, CNN Business Rivian said Thursday that it lost $1.7 billion in the second quarter of 2022 as it works to ramp up its vehicle…
Continue Reading Shell and Chevron shut Gulf of Mexico oil platforms after small leak halts pipelines
by Matt Egan, CNN Shell and Chevron both said on Thursday that the companies halted oil production at several platforms in the Gulf of Mexico…
Continue Reading Home prices hit a new record high in the second quarter
By Anna Bahney, CNN Business Despite rising mortgage rates that dampened sales, home prices continued to climb higher in the second quarter, with…
Continue Reading The US Postal Service is raising rates for the holidays
By Jordan Valinsky, CNN Business For the third year in a row, the United States Postal Service is hiking the prices of its delivery services —…
Continue Reading The streaming wars are over
By Frank Pallotta, CNN Business In November 2019, Disney debuted Disney+, kicking off the so-called streaming wars and prompting companies across the…
Continue Reading This tried-and-true investing strategy isn’t working
By Paul R. La Monica, CNN Business If you are getting closer to retirement age…or if you’re just a super conservative investor terrified…
Continue Reading This tried-and-true investing strategy isn’t working
By Paul R. La Monica, CNN Business If you are getting closer to retirement age…or if you’re just a super conservative investor terrified…
Continue Reading Mortgage rates climb above 5% once again
By Anna Bahney, CNN Business Mortgage rates climbed above 5% again, after dipping below that threshold for the first time in months a week earlier.…
Continue Reading McDonald’s is starting to reopen in Ukraine
By Danielle Wiener-Bronner, CNN Business After closing its restaurants in Ukraine six months ago because of the Russian invasion, McDonald’s is…
Continue Reading Gas prices tumble below $4 for the first time in months
By Anna Cooban and Matt Egan, CNN Drivers in the United States can breathe a small sigh of relief — average gas prices have dropped below $4 a…
Continue Reading Cost of back-to-school essentials — glue, markers, pens, backpacks — has jumped
By Parija Kavilanz, CNN Business As parents and teachers prepare for students to return to classrooms this fall, they’re grappling with how…
Continue Reading Opinion: The Democrats’ sweeping economic package doesn’t go far enough for low-income families
Opinion by Mark Wolfe for CNN Business Perspectives The Inflation Reduction Act, the Democrats’ tax, climate and health care bill that the…
Continue Reading This key inflation measure fell, but remains painfully high
Martha C. White for CNN Business A benchmark measure of inflation slowed in July after surging in the previous month, offering a glimmer of hope that…
Continue Reading Moderna CEO says Covid vaccines will evolve like ‘an iPhone’
By Michelle Toh, CNN Business Forget taking two to three Covid shots a year. Moderna hopes to roll out a single-dose annual booster to cover the…
Continue Reading Moderna CEO says Covid vaccines will evolve like ‘an iPhone’
By Michelle Toh, CNN Business Forget taking two to three Covid shots a year. Moderna hopes to roll out a single-dose annual booster to cover the…
Continue Reading When will price increases end? Probably never
By Nicole Goodkind, CNN Business A dollar just isn’t worth what it used to be. At the grocery store, you’re getting about 11 cents less…
Continue Reading Beyond oil, there’s not much to cheer about on inflation
By Nicole Goodkind, CNN Business Prices in the US stayed the same last month. That’s a cause for celebration: it’s the first time they…
Continue Reading Gas prices tumble below $4 for the first time in months
By Anna Cooban and Matt Egan, CNN Drivers in the United States can breathe a small sigh of relief — average gas prices have dropped below $4 a…
Continue Reading SoftBank is selling its crown jewels to ride out ‘severe market’
By Laura He, CNN Business SoftBank is set to gain more than $34 billion by cutting its stake in Alibaba, the crown jewel of its investment portfolio,…
Continue Reading Manhattan rents hit record high for the sixth month in a row
By Anna Bahney for CNN Business Rents in Manhattan have hit a record high for the sixth month in a row. Median rent for an apartment in Manhattan…
Continue Reading Elon Musk’s antics may finally be catching up to him
By Allison Morrow, CNN Business It seems the Elon Musk mystique — whatever combination of wealth, carefully cultivated charm and A-plus lawyers…
Continue Reading A $1,500 ‘option’ is now mandatory on GMC, Buick, and some Cadillac models
By Peter Valdes-Dapena, CNN Business General Motors is selling three years of OnStar service as a $1,500 “option” on all Buick and GMC…
Continue Reading Disney+ is getting more expensive… unless you want ads
By Frank Pallotta, CNN Business Disney+ just got more expensive. Unless you’re willing to watch ads. The Disney+ new ad-supported subscription…
Continue Reading Food prices are skyrocketing, and it’s not just because of inflation
By Danielle Wiener-Bronner, CNN Business Inflation may be slowing overall, but food prices are still sky-high. Over the last 12 months, grocery…
Continue Reading Kohl’s has an inventory mess on its hands
By Parija Kavilanz, CNN Business Kohl’s can’t seem to catch a break, and it may have only itself to blame. The department store chain on…
Continue Reading Media critic Margaret Sullivan to depart The Washington Post
By Oliver Darcy, CNN Business Media critic Margaret Sullivan is retiring her acclaimed column and leaving The Washington Post this month.…
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