Money

Car dealer lots have only a fraction of the vehicles that they typically have — both new and used. It’s helping send prices to record levels. The average new car price was $37,200 in the first quarter, according to JD Power, up 8.4% from the same period just a year ago. About half of car

Taco Bell’s plastic sauce packets have a short life. After all, what else are you supposed to do with them after they’re squeezed to death? That’s soon changing: The fast food chain is partnering with recycling company TerraCycle to give its packets a “spicier second life that doesn’t involve a landfill,” Taco Bell said in

The Tamagotchi is back, but this time the ’90s icon comes with a camera. Bandai America, its parent company, is launching the new Tamagotchi Pix. The core remains the same: an egg shape, three buttons, with the goal of raising a virtual pet. It goes through different life stages, such as hatching from an egg,

The “biggest myth” about working in the tech industry is that it’s based on a meritocracy. So says Ellen Pao, the former Reddit CEO and venture capitalist, who is urging companies to take another look at how inclusive their workplaces really are as communities around the world grapple with a rise in anti-Asian hate. Pao,

Goldman Sachs has just 49 Black executives and senior managers in its US workforce, accounting for about 3% of the total. In a sustainability report published Tuesday, the investment bank revealed data on the racial and gender composition of its US workforce for the first time. The numbers reflect a very low rate of Black

Fresh Acquisitions, the parent company of a restaurant chain that owns several buffet-style concepts, including Old Country Buffet, filed for bankruptcy. The Chapter 11 filing more than a year into the pandemic illustrates the struggles the industry faces, particularly ones that are reliant on buffets. Furr’s Fresh Buffet, Ryan’s, Old Country Buffet, Tahoe Joes Famous

For months, investors have been bracing for signs that prices will increase as the post-pandemic economic recovery gathers steam. Well, they’re here. What’s happening: Consumer products giant Procter & Gamble has said it will raise prices on brands such as Pampers diapers and Tampax tampons. The increases will vary by brand, but will be in

Netflix had a huge first quarter last year thanks to the pandemic keeping people inside. Now with vaccinations ramping up, Netflix kicked off 2021 with a big subscriber miss. The streaming service reported Tuesday it now has 208 million subscribers globally, after adding 4 million subscribers in the first quarter of 2021, but missing its

Apple unveiled a slew of new products at its annual Spring launch on Tuesday, but waited until after the event to announce big changes coming to software for iPhones and iPads “next week.” The company said in a press release that it will roll out its much-anticipated iOS 14.5 software but didn’t specify which day.

Billionaire Leon Cooperman rejected Senator Elizabeth Warren’s invitation to testify on her proposed wealth tax, saying he has no interest in appearing “at her show trial.” Warren invited Cooperman, with whom she has repeatedly clashed, to appear at an April 27 hearing on creating a fairer tax system. In a statement to CNN Business Tuesday

A pair of recent real estate studies are shedding light on how people of color have been consistently disadvantaged in the US housing market for years and are largely missing out on the country’s ongoing home-buying frenzy. For nearly a decade, homes sold in mostly Black neighborhoods have been undervalued by an average of $46,000,

Coal country is in free fall and is pleading for help from Washington. That’s why the largest union in one of the dirtiest industries is broadly backing President Joe Biden’s $2 trillion green infrastructure package — an ambitious plan that has also won support from climate activists. “Anybody who would not accept jobs where jobs

The nearly two-decade relationship late basketball player Kobe Bryant and Nike has ended. Bryant was “an important part of Nike’s deep connection to consumers,” Nike said in a statement. “Though our contractual relationship has ended, he remains a deeply loved member of the Nike family,” the company added. Bryant, along with eight other people, including

Dave Calhoun, Boeing’s CEO for the company’s worst year ever, will get to stay around to try to lead the aerospace giant’s rebound for the foreseeable future. That’s because the Boeing board announced it is raising its executive retirement age. Calhoun just turned 64 this week, and normally the mandatory retirement age for Boeing executives

Natural Light is instantly recognizable for its cheap beer. But the 44-year-old brand is branching out to keep fickle drinkers satisfied. The brewer, owned by Anheuser-Busch InBev, has rapidly expanded its options in recent years with new flavors and spiked seltzers. Now it’s unleashing boozy popsicles and flavored vodkas. “We want to be the preferred

Chinese President Xi Jinping has called for global cooperation in the face of a growing anti-China front led by the United States, warning that an “open world economy” is essential to recovering from the pandemic. “Attempts to erect walls or decouple run counter to the law of economics and market principles,” Xi said Tuesday via

Add Pampers and Tampax to the list of brands you may soon pay more for at the store. Procter & Gamble said Tuesday that it will raise prices on brands such as Pampers diapers and Always and Tampax tampons, the latest consumer goods’ manufacturer to hike what it charges retailers. The exact amount of price

All the dogecoins in circulation are now worth more than $53 billion after fans declared April 20 Doge Day on social media with the aim of pushing the digital currency’s value to new heights. The price of a single dogecoin jumped as much as 20% on Tuesday to 42 cents, nearing Friday’s all-time high of

Global carbon dioxide emissions are set to surge dangerously this year as the global economy undergoes a huge recovery. In a new report, the International Energy Agency estimates that carbon emissions from energy use are on track to spike by 1.5 billion tonnes in 2021, as heavy coal consumption in Asia, and in China in