CNN – Business/Consumer

By Alicia Wallace and Matt Egan, CNN Russia’s war in Ukraine has “redrawn the contours” of the global economy, stoking concerns of recessions and creating an urgent need to “stave off starvation” for hundreds of millions of people around the world, US Treasury Secretary Janet Yellen said Wednesday. In a speech at the Atlantic Council,

By Anna Bahney, CNN Business Home prices have skyrocketed by nearly 20% over the last year and mortgage rates have risen faster over the past three months than they have in decades. But the high cost to buy a home is not the only obstacle prospective buyers are facing. Other hurdles include a lack of

By Anneken Tappe, CNN Business US inflation kept moving higher in March and the Producer Price Index is the latest data point showing the price pressure. The index, which measures what America’s producers get paid for their goods and services on average over time, rose 11.2% in the year ended in March, not adjusted for

By Anna Cooban, CNN Business Germany would plunge into a deep recession if its supply of Russian natural gas was suddenly shut off, the country’s top forecasters warned on Wednesday. The country would lose 220 billion euros ($238 billion) in economic output over the next two years in the event of such a shock, according

By Nicole Goodkind, CNN Business JPMorgan Chase kicked off earnings season Wednesday with some bad news: First-quarter profit fell 42% from a year ago, driven lower by Russia’s invasion of Ukraine, high levels of inflation and supply chain problems. The largest US bank by assets is often viewed as a bellwether for the rest of

By Chris Isidore, CNN Business Travel is booming, and Delta Air Lines boosted ticket prices. That helped the company weather higher fuel costs in the first quarter, and Delta believes it can turn a profit in the second quarter. The company reported an adjusted net loss of $784 million in the first quarter, which was

By Nicole Goodkind, CNN Business Wall Street and private businesses have funneled millions of dollars into anti-union tactics and lobbying, and they’ve gotten what they wanted: Union membership has been on a steady decline in the United States for the past four decades. Now, employees are stepping up their efforts to unionize, most prominently at

By Matt Egan, CNN Business Turbulence in the oil market continued on Tuesday, with crude prices soaring back above $100 a barrel on concerns about a loss of supply of oil from Russia and signs that lockdowns in China may be easing. US crude jumped 7% to $100.84 a barrel in recent trading. Brent crude,

By Jeanne Sahadi, CNN Business Last year may be history. But there may still be one thing you can do this week to reduce your 2021 tax bill (or bolster your refund), all while fattening your retirement savings. You have until Monday, April 18 — the official federal tax-filing deadline — to make a 2021

By Allison Morrow, CNN Business Yelp has joined a growing list of companies supporting abortion access for their employees in the face of state laws that effectively ban it. In a statement Tuesday, the same day Oklahoma’s governor signed a near-total abortion ban, Yelp said it would cover travel expenses for any of its employees