Money

By Paul R. La Monica, CNN Business President Joe Biden and Secretary of State Antony Blinken believe a Russian invasion of Ukraine could happen in a matter of days. The news rattled investors, sending the Dow down 622 points, or 1.8%, Thursday. It was the worst day of the year for the index. Stocks dropped

By Chris Isidore, CNN Business Elon Musk is convinced that the Securities Exchange Commission is gunning for him and his free speech rights because he’s a frequent critic of the government. “The SEC seems to be targeting Mr. Musk and Tesla for unrelenting investigation largely because Mr. Musk remains an outspoken critic of the government,”

By Paul R. La Monica, CNN Business Apple is the most valuable company on the planet. And as a reward for the iPhone maker’s success, CEO Tim Cook stands to receive nearly $100 million in compensation for 2021. But one influential shareholder rights group has some issues with Cook getting that big of a payday.

By Peter Valdes-Dapena, CNN Business Michelin has been working with General Motors to develop airless tires that will be sold on a next-generation Chevrolet Bolt electric car, expected to go on sale in the next few years, a Michelin executive said. It could mark the decline of over 130 years of tire tradition but also

By Danielle Wiener-Bronner, CNN Business Coke’s new flavor is out of this world. At least, that’s the idea behind Coca-Cola Starlight, a new limited-edition version of the classic soda that comes in regular and zero sugar. After deciding to discontinue half of its portfolio a few years ago, getting rid of outdated but beloved drinks

By Anneken Tappe, CNN Business America’s “Great Resignation” has transformed the workforce, leading to higher wages and better conditions for many. It has also left a mark on the nation’s high rate of inflation. But as the “Great Return” beckons for employees who have spent months working from home, their attitude to in-person work, pay

By Jordan Valinsky, CNN Business Taco Bell is bringing back a fan-favorite frozen dessert. The Klondike Choco Taco will be added to menus at 20 Taco Bell locations in Los Angeles and Milwaukee. The sweet treat features a waffle cone that’s shaped like a taco, filled with fudge-swirled vanilla ice cream and topped with a

By Jeanne Sahadi, CNN Business Want help figuring out how to buy a home or pay down debt? Clueless about budgeting? Just want a second opinion on your decision to retire in a few years or start your own business? You might find it helpful to consult a financial coach. You may even have free

By Paul R. La Monica, CNN Business A conversation with 98-year old Berkshire Hathaway vice chairman Charlie Munger is never dull. Munger talked about his reasons for investing in China, how he still hates bitcoin and why windowless dormitories aren’t as bad as people make them out to be in a wide-ranging chat at the

By Kathryn Vasel It’s a job seekers’ market, and employers are stepping up their benefits in a bid to attract and retain workers. People are walking away from their jobs in droves, with a record number of workers quitting their jobs last year, according to the Labor Department. And with nearly 11 million job openings

By Anna Bahney, CNN Business Mortgage rates increased again, rising to a level not seen since summer 2019. The 30-year fixed-rate mortgage averaged 3.92% in the week ending February 17, up from 3.69% the week before, according to Freddie Mac. It has not been this high since May 2019 when it was at 3.99%. Mortgage

Opinion by Erik Lundh for CNN Business Perspectives Last year was a tough one for American consumers. Prices for just about everything, from eggs to used cars to electricity, crept higher, and by the end of the year were up 7% from a year earlier. Unfortunately, that number went even higher last month, with the

By Julia Horowitz, CNN Business Economists and investors have been closely watching climbing producer prices and wages for clues on where inflation is heading. They’re rising, which could add to inflationary pressure in the coming months. But on another front — supply chain backlogs — there are some welcome signs of relief. What’s happening: An