Money

By Matt Egan, CNN Business Prices at the pump are once again flirting with record highs. That’s adding to inflationary headaches for families, the US economy and the White House. The national average for regular gasoline rose to $4.328 a gallon on Monday, according to AAA. That’s a fraction of a penny shy of the

By Nicole Goodkind, CNN Business US stocks fell sharply on Monday, pushing the S&P 500 below 4000 for the first time in over a year as traders anticipate a new load of bad news on inflation and earnings. The Dow fell about 654 points, nearly 2%. The S&P 500 dropped 3.2%, and the Nasdaq Composite

By Julia Horowitz, CNN Business Summer 2022 will be huge for travel, as people in the United States and Europe dig out their swimsuits and happily set off on long-postponed vacations. That’s the message from companies like Marriott, Airbnb, Booking Holdings and Trivago, which have been telling investors that after a difficult two years, business

By Amy Woodyatt, CNN Business The New York Times has removed the word “fetus” from its Wordle answers in a bid to keep the popular online game “distinct from the news.” In a statement on its website, the Times warned that some users playing the game Monday “may see an outdated answer that seems closely

By Chris Isidore, CNN Business Boeing is moving its headquarters from Chicago to a suburb of Washington, DC. But some analysts think this move is one in the wrong direction. Boeing was based in Seattle from its founding in 1916 to 2001. During its heyday it was renowned as an engineering-driven company that made the

By Laura He, CNN Business One of China’s top leaders has painted a grim picture of the job market in the world’s most populous nation, as widespread Covid lockdowns slam the brakes on the economy. Chinese Premier Li Keqiang — the No. 2 in the hierarchy of China’s ruling Communist Party — called the employment

By Ramishah Maruf, CNN Business The Justice Department indicted Mining Capital Coin CEO Luiz Capuci Jr. for “allegedly orchestrating a $62 million global investment fraud scheme,” the agency said Friday. Mining Capital Coin, or MCC, is a cryptocurrency mining and investment platform. Capuci, who is from Port St. Lucie, Florida, allegedly misled investors by selling

By Ramishah Maruf, CNN Kate Smith was a reporter for CBS News for several years, and her main beat was reproductive rights. Now she works for an organization that was one of her main sources. Last year, Smith left CBS to work as the senior director of news content for Planned Parenthood. On “Reliable Sources”

By Parija Kavilanz and Ramishah Maruf, CNN Business For months stores nationwide have been struggling to stock enough baby formula. Manufacturers say they’re producing at full capacity and making as much formula as they can, but it’s still not enough to meet current demand. The out-of-stock rate for baby formula hovered between 2% and 8%

By Frank Pallotta, CNN Business “Doctor Strange in the Multiverse of Madness,” the latest film in the Marvel Cinematic Universe, made an estimated $185 million domestically for its opening this weekend, according to Disney. That number hit the high end of expectations, which had the film making around $170 million to $185 million in North

By Nicole Goodkind, CNN Business The Federal Reserve’s favorite inflation-related adjective used to be transitory, as in: Inflation is transitory and price increases should be temporary. That is no longer the case. Inflation rates have been increasing sharply since August 2021 and have been out of the normal 2%-to-4% range for a full year. The