Money

By Alicia Wallace, CNN Business Americans are expecting inflation to fall sharply in both the short and long run, according to new data from the Federal Reserve Bank of New York. In August, the median expectations for one- and three-year inflation dropped to 5.7% and 2.8%, respectively, down from 6.2% and 3.2% in July, according

Opinion by Karen S. Lynch for CNN Business Perspectives Even though mental health challenges aren’t anything new, we are living in a time with a series of unique stressors that are impacting every one of us, such as Russia’s invasion of Ukraine, as well as a pandemic that has stretched two-and-a-half years and continually reminds

By Julia Horowitz, CNN Business In the past week, Ukrainian troops have dealt a huge blow to Russia’s grip on parts of the east of their country with a fast-moving offensive. The stunning campaign has kicked off a new phase of the war and could force Vladimir Putin to reconsider his strategy and objectives. What’s

By Laura He, CNN Business Authorities in Shanghai have denied a report by a leading Chinese real estate research firm that claimed more than a third of shops in a major mall had been shuttered because of strict Covid curbs. The report by China Real Estate Information Corp. (CRIC), published late last month, quickly went

By Artemis Moshtaghian, CNN Columbia University said that it relied on “outdated and/or incorrect methodologies” in submitting data to U.S. News & World Report for consideration in the publication’s 2021 college rankings, according to a statement released by the university Friday. “The Columbia undergraduate experience is and always has been centered around small classes taught

By Ramishah Maruf, CNN US credit card giants said they will implement a new merchant category code for the nation’s gun retailers, which gun control activists say will help flag potential mass shooters and gun traffickers. The International Organization for Standardization, based in Geneva, approved the code on Friday. The system will separately categorize sales

By Chris Isidore, CNN Business It’s not just about the money. There has been a surge in union activism — including strikes and organizing efforts — in the last year that is being driven by factors far beyond pay rates and benefits packages. If pay was the only issue, the nation probably wouldn’t be facing

By Zoe Sottile, CNN Holding onto an ex’s stuff may prove profitable later on, at least if your ex turns out to be the wealthiest man in the world. The former girlfriend of tech entrepreneur Elon Musk is auctioning off a cache of photos and Musk memorabilia from her relationship with the billionaire. Jennifer Gwynne,

By Paul R. La Monica, CNN Business Is inflation really peaking? Are consumers growing more confident? We’ll get those answers this week when the latest consumer and producer price indexes as well as retail sales figures for August all come out. The numbers could change the calculus for the Federal Reserve, which is guaranteed to

By Peter Taggart and Ramishah Maruf, CNN Aer Lingus canceled all flights scheduled to depart from its Dublin Airport hub that were bound for European countries and the United Kingdom because of a computer malfunction. The carrier said the outage affected 51 flights. “A UK network provider servicing the cloud-based system has experienced a major

By Matt McFarland, CNN Business Apple recently revealed a new version of its CarPlay system for vehicles, which include gauges like speedometers. But even Apple, the company that cast aside tradition when it reinvented phones, music players and headphones, bows to convention when it comes to speedometers. It displayed a classically-styled speedometer that reached 160

By Nathaniel Meyersohn, CNN Business Many aspects of drug stores and supermarkets feel like they’re of another era. But perhaps the most retro part of these stores is the photo-printing equipment. In a time when most photos don’t leave the confines of a smartphone, CVS, Walgreens, Walmart, Albertsons and other chains still offer photo prints,

By Anna Cooban, CNN Business Billions of banknotes and coins around the world featuring the portrait of Queen Elizabeth II are set to be replaced following her death. For almost 70 years, the Queen’s image has appeared on the United Kingdom’s coins, with different portraits of her profile as she aged. She was featured on