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CNN Editorial Research Here is a look at the life of Indian billionaire Mukesh Ambani, chairman and managing director of Reliance Industries Limited (RIL). Personal Birth date: April 19, 1957 Birth place: Aden, Yemen Birth name: Mukesh Dhirubhai Ambani Father: Dhirubhai Ambani, founder of Reliance Mother: Kokilaben Ambani Marriage: Nita Ambani (1985-present) Children: Akash and

By Nicole Goodkind, CNN Business Gas doesn’t just fuel cars, it also powers Marlboros, Red Bull, and Doritos. An estimated 80% of the fuel purchased in the United States comes from local convenience stores, which bring in about $475 billion of revenue each year, according to IBISWorld data. A quarter of that comes from the

By Matt Egan, CNN New York Attorney General Letitia James launched a wide-ranging investigation Thursday into whether the oil industry has engaged in gas price gouging, a person familiar with the matter told CNN. The probe is believed to be the first in the nation directed at the industry for the ongoing bout of high

By Frank Pallotta and Sana Noor Haq, CNN Warner Bros. removed two lines of dialogue about a gay relationship for the Chinese release of its latest Harry Potter movie. The six seconds of dialogue in “Fantastic Beasts: The Secrets of Dumbledore” discussed the romance between male characters Albus Dumbledore, played by Jude Law, and Gellert

By Parija Kavilanz, CNN Business Bed Bath & Beyond signaled turbulence in the months ahead. It’s already seeing a sales slump at its stores as shoppers struggle to find what they need there, and it anticipates that customers will continue to pull back their spending. The home goods chain on Wednesday said sales plunged 22%

By Matt Egan, CNN Business Amazon said Wednesday that for the first time in company history it will charge sellers a 5% fuel and inflation surcharge. The e-commerce giant said the new fee will begin April 28 and is being imposed because inflation has worsened significantly in recent months. “In 2022, we expected a return

By Chris Isidore and Sara O’Brien, CNN Business Labor unions haven’t had this much success in decades. After years of failed organizing efforts and a long, steady decline in the number of private sector workers represented by unions, two grassroots upstart groups have scored recent victories at two of the nation’s largest employers: Amazon and

By Danielle Wiener-Bronner, CNN Business Food prices keep going up. In the year ending in March, not adjusted for seasonal swings, food prices rose 8.8% — the biggest 12-month increase since the year ended May 1981, the Bureau of Labor Statistics reported Tuesday. Over the past year, virtually every type of food has become more

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