Money

By Anneken Tappe, CNN Business America’s soaring inflation is inflicting pain on household budgets across the United States. But not everyone is affected in the same way. While economic data shows the general trend of prices, it doesn’t tell the story of individual groups, said Federal Reserve Governor Lael Brainard on Tuesday. “Today, inflation is

By Anna Cooban, CNN Business European leaders are planning to phase out Russian coal imports in response to harrowing scenes in Bucha, a suburb of Kyiv. On Tuesday, the European Commission proposed a ban on €4 billion ($4.3 billion) worth of Russian coal imports per year as part of a fifth package of sanctions designed

By Jordan Valinsky, CNN Business McDonald’s is bringing back Spicy Chicken McNuggets, but not everyone can buy them. The fast food chain said that the spicy nuggets are now available at about half of its US locations, or roughly 6,900 locations, for a limited time. McDonald’s regularly releases menu items on a regional basis to

By Matt Egan, CNN Business The Federal Reserve’s fight against inflation will spark a recession in the United States that begins late next year, Deutsche Bank warned on Tuesday. The recession call — the first from a major bank — reflects growing concern that the Fed will hit the brakes on the economy so hard

By Oliver Darcy and Brian Stelter, CNN Business WarnerMedia chief executive Jason Kilar announced Tuesday that he will depart the company given that Discovery’s acquisition of the media conglomerate is almost complete. “With the pending transaction with Discovery nearing close, now is the right time to share with each of you that I will be

By Paul R. La Monica, CNN Business How crazy rich is Elon Musk? The Tesla and SpaceX CEO’s net worth is now about a stratospheric $300 billion, according to Forbes’ real time rankings of the world’s wealthiest people. That means the 50-year-old Musk has a more than a $100 billion lead over second place Jeff

Opinion by Scott Galloway for CNN Business Perspectives Remember when Adam Neumann, the CEO of WeWork, pronounced that his startup was going to “elevate the world’s consciousness” versus what the company really did, which was renting desks? There’s a term for that: “Yogababble.” Yogababble is an attempt to smear Vaseline over the lens of truth,

By Beth Braverman Millions of Americans left or lost their jobs during the pandemic and many have decided that they don’t want to go back to work …. at least not for someone else. There were nearly 5.4 million new business applications in the United States last year, according to an analysis of Census data

By Mark Thompson and Chris Liakos, CNN Business Europe is planning to cut deeper into the Russian economy with a new round of sanctions that includes a ban on coal imports. It’s also working on sanctions that could target Russian oil. The measures were announced Tuesday by European Commission President Ursula von der Leyen and

By Julia Horowitz, CNN Business Investors are breathing a sigh of relief after regulators in Beijing extended an olive branch to the United States, indicating they could change their policies so that Chinese companies could avoid getting kicked off Wall Street. What’s happening: Shares of tech giant Alibaba in New York rallied almost 7% on