Money

By Matt Egan, CNN Business Gas prices just took another big step in the wrong direction. The national average for regular gasoline climbed by five cents on Wednesday to a fresh record of $4.67 a gallon, according to AAA. That leaves gas prices up by 48 cents in the past month alone. It now costs

By Chris Isidore, CNN Business Canceled flights, surging airfares, a rental car shortage, record gas prices and rising hotel prices. Welcome to the summer of travel hell. Airlines had said they were prepared to avoid the service problems that plagued much of the industry last year. But between Friday and Monday, US airlines canceled 2,653

By Melissa Alonso and Andy Rose, CNN A judge has denied former vice-presidential nominee and Alaskan governor Sarah Palin’s bid for a new trial in her defamation case against the New York Times, according to a written decision filed Tuesday in the US District Court for the Southern District of New York. Palin sued the

By Gregory Wallace and Pete Muntean, CNN White House officials met Tuesday with travel industry leaders who pressed the Biden administration to end its requirements that vaccinated international travelers take a coronavirus test before flying to the United States. Airlines for America, representing major US air carriers, and the US Travel Association, representing the broad

By Frank Pallotta, CNN Business Netflix’s world may be upside-down, but “Stranger Things” is still super popular. The latest season of the science-fiction horror series debuted this weekend to record numbers, becoming Netflix’s biggest debut ever for an English-language TV show. Netflix said that “Stranger Things 4 — Volume 1” clocked in at 286.7 million

By Brian Stelter, CNN Business Will June’s public hearings by the January 6 committee, some in prime time, shock viewers and sway public opinion? Will the Supreme Court’s impending abortion ruling reshape state and national politics? Will Elon Musk complete his takeover of Twitter? Will Covid case counts disrupt plans or come to be accepted

By Alicia Wallace, CNN Business The US cannabis industry is flush with fledgling companies and many unfamiliar brands. In that mix, however, is a 154-year-old company that is a household name: Scotts Miracle-Gro. Over the past decade, the lawn and garden giant has quietly entrenched itself in the young and fast-growing industry. Its Hawthorne Gardening

By Anna Cooban, CNN Business Russia is about to shut off its natural gas supplies to Shell’s German customers. Gazprom, the Russian state energy giant, said on Tuesday it would suspend natural gas exports to Shell starting Wednesday because the company had failed to make payments in rubles. “Shell Energy Europe Limited has notified Gazprom

By Paul R. La Monica, CNN Business Investors have learned a bunch of hard lessons so far in 2022. The stock market doesn’t always go up. And factors such as the economy, earnings and valuations, which might sound like quaint relics of a bygone era, still matter even in a world seemingly dominated by memes

By Jordan Valinsky, CNN Business Roughly 100 Sears Hometown locations are permanently closing in the coming weeks, representing roughly half of its remaining retail footprint. The closures were announced on each individual store’s Facebook page rather than a single press release. The locations are spread over about 30 US states, according to multiple reports. “Unfortunately

By Nathaniel Meyersohn, CNN Business A shakeup may be in the works at Unilever, the consumer goods giant behind brands like Dove soap, Hellmann’s mayonnaise and Vaseline. Unilever announced Monday that Nelson Peltz, one of the most influential corporate raiders on Wall Street, will join the company’s board of directors and disclosed that Peltz’s fund

By Alicia Wallace, CNN Business Inflation may be showing signs that it’s easing, but the high-cost environment still has American consumers wary about the direction of the economy. The Conference Board’s consumer confidence index dipped slightly to 106.4 in May, down from a revised 108.6 in April, according to data released Tuesday. The decline was