CNN – Business/Consumer

By Ramishah Maruf, CNN Sunscreen is marketed as helping protect against skin cancer — but now some batches of a popular brand are being voluntarily recalled because they may contain a carcinogen. An internal review of Banana Boat Hair & Scalp Sunscreen Spray SPF 30 found some samples contained trace levels of benzene, which is

By Reuters A union representing nearly 2,500 employees at three Boeing defense locations in the St. Louis area said on Saturday they will vote on the company’s revised contract offer, canceling a strike that was set to start early Monday. The International Association of Machinists and Aerospace Workers said an overnight bargaining session had led

By Ramishah Maruf, CNN The fifth-largest commercial bank in the US was fined by the Consumer Financial Protection Bureau for illegally accessing consumer credit reports and opening accounts without their permission. U.S. Bank, which is based in Minneapolis and has over $559 billion in assets, pressured its employees to meet sales goals as part of

By Oliver Darcy, CNN Business Right-wing conspiracy theorist Alex Jones’ primary company filed for bankruptcy protection on Friday, an unexpected move that comes as a trial is underway in Texas to determine how much in damages he will have to pay the families of two Sandy Hook victims who sued and won a default judgment

By Nathaniel Meyersohn, CNN Business Here’s another sign that the economy is slowing. Procter & Gamble, the maker of Tide, Dawn, Bounty and other leading household brands, warned Friday that consumers were beginning to pull back on their spending as inflation concerns mount. P&G posted 7% sales growth during its most recent quarter ending June

By Alicia Wallace, CNN Business Inflation has crept into practically every corner of Americans’ lives. In Queens, New York, auto repair shop owner Audra Fordin says some customers have opted to save money by patching up a punctured tire only to be sideswiped by costlier repairs later. In Mount Juliet, Tennessee, the operators of a

By Peter Valdes-Dapena, CNN Business With electric cars, people often talk about “range anxiety,” and how cars with bigger batteries and longer driving ranges will alleviate that. I just drove an electric car from New York City to Atlanta, a distance of about 950 miles, and it taught me something important. The problem really isn’t

By Paul R. La Monica, CNN Business It’s been one year since Robinhood went public. And to say that the online broker’s performance has been disastrous would be a massive understatement. If someone were to write a kids’ book about it, they could title it “Robinhood and the Terrible, Horrible, No Good, Very Bad Year.”

By Matt Egan, CNN Business The American economy is losing steam and is vulnerable to sinking into a recession but it’s not in one yet, according to Moody’s Analytics chief economist Mark Zandi. “This is a slowdown. We’re not in recession, certainly not during the first half of this year,” Zandi told CNN in a

By Jeanne Sahadi, CNN Business Will there be a recession? And, if so, just how bad will it be for my finances? Those questions are looming large for Americans after the Federal Reserve yet again raised rates to combat high inflation, and the latest gross domestic product report showed that the economy slowed for the

By Tami Luhby, CNN Employers continued hiking workers’ pay at a brisker-than-expected pace, but the increases still weren’t enough to compensate for the even faster rise in inflation. Wages and salaries for civilian workers increased 1.4% in the second quarter and 5.3% over the year ending in June, according to the Bureau of Labor Statistics’

By Alicia Wallace, CNN Business Another key measure of inflation set a fresh 40-year high in June, a month marked by record-high gas prices. The Personal Consumption Expenditures price index, which measures the change in the prices of goods and services purchased by consumers, rose by 6.8% in June as compared to the same period