CNN – Business/Consumer

By Michelle Toh and Julia Horowitz, CNN Business Markets steadied early Wednesday after US stocks logged their worst day since June 2020, plunging on news that inflation in August was higher than expected. Shares in Europe were mixed. Germany’s DAX dropped 0.2% in early trading, while France’s CAC 40 was flat. The FTSE 100 in

By Uliana Pavlova, CNN Russian businessman Ivan Pechorin, the top manager for the Corporation for the Development of the Far East and the Arctic, has been found dead in Vladivostok, the latest in a string of mysterious deaths among Russian executives. “On September 12, 2022, it became known about the tragic death of our colleague,

By Peter Valdes-Dapena, CNN Business Ferrari has unveiled the first four-door production vehicle the legendary Italian automaker has ever produced. It has a long hood that houses a gasoline engine and a single large area behind that which holds seats for four people and space for plenty of cargo. It’s also a four-wheel-drive vehicle. But,

By Oliver Darcy, CNN Business A lawyer representing Sandy Hook families that have sued right-wing conspiracy theorist Alex Jones asked a jury on Tuesday to “send a message” to the public with its decision in a Connecticut trial that will determine how much money the plaintiffs receive. The trial is taking place a month after

By Anna Cooban, CNN Business Royal wills are never made public. That means what happens to much of the Queen’s personal wealth following her death last week will remain a family secret. Forbes estimated last year that the late monarch’s personal fortune was worth $500 million, made up of her jewels, art collection, investments and

By Paul R. La Monica, CNN Business Prices at the pump have fallen along with the cost of a barrel of crude oil. But the CEO of Chevron, one of the world’s largest energy companies, thinks consumers in the United States should be prepared for a shock when they get home heating bills this winter.

By Nicole Goodkind, CNN Business Federal Reserve Chairman Jerome Powell has a big problem, and he can’t do anything about it. Gasoline prices in the United States, which have fallen for 91 consecutive days, are expected to have driven a slight decline in prices in August compared to July, according to analyst estimates for inflation

Martha C. White for CNN Business Small business sentiment improved in August but remains depressed as business owners face an uncertain economic landscape. Buoyed by marginally better expectations in the near term and a slight reduction in inflation worries, the monthly Small Business Optimism Index from the National Federation of Independent Business rose to 91.8

By Parija Kavilanz, CNN Business The kids, the grandparents, the babysitter, maybe your favorite aunt or uncle. That’s it. You can blame inflation for families knocking friends, co-workers and extended families off your holiday gift lists this year. Persistent inflation — consumer prices increased by 8.5% in July over last year — has reshaped how

By Danielle Wiener-Bronner, CNN Business The past few years have been tough for Burger King. Missteps during the pandemic caused the chain to lag behind competitors. Over the past few quarters, Burger King has been playing catch up, and now the company is hoping a major investment in restaurants and advertising will help spark growth