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…
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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 ReadingThis 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 ReadingModerna 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 ReadingModerna CEO says Covid vaccines will evolve like ‘an iPhone’
CNN, CNN BUSINESS By Michelle Toh, CNN Business Forget taking two to three Covid shots a year. Moderna hopes to roll out a single-dose annual booster…
Continue ReadingWhen will price increases end? Probably never
CNN 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…
Continue ReadingBeyond 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 ReadingGas 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 ReadingSoftBank 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 ReadingManhattan 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 ReadingElon 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 ReadingA $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 ReadingDisney+ 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 ReadingFood 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 ReadingKohl’s has an inventory mess on its hands
CNN, CNNBUSINESS By Parija Kavilanz, CNN Business Kohl’s can’t seem to catch a break, and it may have only itself to blame. The…
Continue ReadingMedia 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.…
Continue ReadingPrice hikes took a breather in July, fueling hopes that inflation has peaked
Martha C. White for CNN Business Runaway inflation took a breather in July, with consumer prices increasing by 8.5% year over year, a slower pace…
Continue ReadingOpinion: It’s not just Equifax. The whole credit reporting system needs an overhaul
Opinion by Mike Litt for CNN Business Perspectives America’s credit reporting system is broken. We saw the latest evidence of this last week,…
Continue ReadingCoke’s latest bizarre flavor is here
By Danielle Wiener-Bronner, CNN Business Coca-Cola’s latest experimental, limited-time flavor is here. It’s called … wait for it…
Continue ReadingWarby Parker is slashing jobs as inflation takes a toll on fashion
By Parija Kavilanz, CNN Business Trendy eyewear brand Warby Parker is the latest in a string of retailers struggling to stay the course as a wobbly…
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