Biden ally pushes Big Oil surtax to eliminate ‘perverse’ incentives to price gouge
CNN, CNNBUSINESS By Matt Egan, CNN Democratic Sen. Ron Wyden is drawing up a surtax on Big Oil that would seek to rein in the industry’s…
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A tampon shortage is the latest nightmare for women
CNN By Allison Morrow, CNN Business Supply chain problems and inflation have hit virtually all consumer goods, but women who menstruate are now…
Continue ReadingA tampon shortage is the latest nightmare for women
By Allison Morrow, CNN Business Supply chain problems and inflation have hit virtually all consumer goods, but women who menstruate are now facing an…
Continue Reading‘Jurassic World: Dominion’ looks to roar at the box office with the help of the original cast
By Frank Pallotta, CNN Business An adventure 65 million years in the making comes to a conclusion this weekend when “Jurassic World:…
Continue ReadingInflation rises at fastest pace in 40 years, pushed up by record gas prices
By Chris Isidore, CNN Business The pain of higher prices continues for US consumers. Record gas prices drove inflation to 8.6% for the 12 months…
Continue ReadingConsumer sentiment plunges to record low amid surging inflation
By Alicia Wallace, CNN Business Consumer sentiment slumped to a record low between May and June, according to preliminary survey data released by the…
Continue ReadingTech wreck: Goldman Sachs cuts Netflix, Roblox and eBay to ‘sell’
By Paul R. La Monica, CNN Business Tech stocks have been obliterated this year. The Nasdaq is down more than 26%, putting that index in a bear…
Continue ReadingWhy the average gas price is at $4.99 a gallon and how high it’ll go
By Chris Isidore, CNN Business Next stop, $5. The US average for the price of a gallon of regular gas hit $4.99 according to the most recent reading…
Continue ReadingPay attention to this number in today’s US inflation report
By Julia Horowitz, CNN Business The latest data on consumer prices in the United States showed that annual inflation unexpectedly rose to a 40-year…
Continue ReadingPay attention to this number in today’s US inflation report
CNN, CNNBUSINESS By Julia Horowitz, CNN Business The latest data on consumer prices in the United States showed that annual inflation unexpectedly…
Continue ReadingThe Washington Post fires reporter Felicia Sonmez after a week of feuding publicly with her colleagues
By Oliver Darcy, CNN Business The Washington Post on Thursday fired Felicia Sonmez, the reporter who has been extraordinarily critical of her…
Continue ReadingFederal investigators expand probe into Tesla Autopilot crashes
By Gregory Wallace Federal investigators are expanding their probe of Teslas that have slammed into parked first responders’ vehicles. The…
Continue ReadingStitch Fix is laying off 15% of its salaried roles
By Nathaniel Meyersohn, CNN Business Online clothing retailer Stitch Fix will lay off 15% of its salaried staff — around 330 employees — amid…
Continue ReadingJudge dismisses sexual assault lawsuit against former ‘Good Morning America’ boss Michael Corn
By Oliver Darcy, CNN Business A New York State judge on Wednesday dismissed a lawsuit filed last year against Michael Corn, the former “Good…
Continue ReadingAmericans lost half a trillion dollars in wealth in early 2022
By Tami Luhby, CNN Americans’ wealth took a nosedive early this year as the stock market plummeted. The net worth of households and nonprofit…
Continue ReadingOpinion: Inflation is painfully high, but it should ease soon
Opinion by Mark Zandi for CNN Business Perspectives Consumer inflation figures for May will be out Friday, and the report is sure to be disquieting.…
Continue ReadingStitch Fix is laying off 15% of its salaried employees
CNN, CNNBUSINESS By Nathaniel Meyersohn, CNN Business Online clothing retailer Stitch Fix will lay off 15% of its salaried staff — around 330…
Continue ReadingCredit Suisse CEO blasts ‘really stupid’ takeover rumor
By Paul R. La Monica, CNN Business Most chief executive officers, when asked if their firm is for sale, would give a boring, lawyer-approved response…
Continue ReadingTrump’s Air Force One plan has a paint problem (among many other issues)
By Chris Isidore, CNN Business The two new Air Force One jets currently being built by Boeing are facing costly delays. Now there is a new potential…
Continue ReadingFreeport LNG explosion raises risk of European winter energy crisis
By Anna Cooban, CNN Business A fire at one of the world’s biggest suppliers of liquefied natural gas has thrown Europe’s fragile energy…
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