Money

By Paul R. La Monica, CNN Business Inflation is everywhere: grocery stores, gas stations, retailers and the housing market. But one important part of the economy has remained immune to higher prices: cell phone bills. And telecom stocks are paying for it. Even as Americans pay more for just about everything else, the average price

By Kathryn Vasel The pandemic thrust the working world into a new reality in March 2020 as offices closed and millions of people were forced to learn how to do their jobs from home. Two years later, employers and workers are still adapting to a new normal and trying to figure out what the future

By Matt Egan, CNN Business Governments around the world must consider drastic steps to slash oil demand in the face of an emerging global energy crisis caused by Russia’s invasion of Ukraine, the International Energy Agency warned on Friday. The energy watchdog detailed a 10-point emergency plan that includes reducing speed limits on highways by

By Nathaniel Meyersohn, CNN Business Let the battle over $1 prices begin. Last year, Dollar Tree announced it was walking away from $1 prices and raising prices on most products to $1.25. With Dollar Tree abandoning $1 prices, its main rival Dollar General sees an opportunity to draw away some customers. Dollar General is advertising

By Anna Bahney, CNN Business Home prices rose 15% to a median price of $357,300 in February from last year, as inventory stubbornly stayed near record lows, according to a report from the National Association of Realtors. But even as home prices continued to climb, sales slowed. Sales of existing homes — which include single-family

Opinion by Karin Kimbrough for CNN Business Perspectives As the latest jobs numbers continue to show a resurging labor market, women have seen an uneven and slower recovery. While men have already recouped their pandemic job losses, there are still about 1.1 million women missing from the labor force. Women of color, in particular, are

By Curt Devine, Casey Tolan and Majlie de Puy Kamp, CNN The sprawling billion-dollar palace that sits on a hilltop overlooking the Black Sea is seen by some Kremlin critics as the ultimate emblem of Russian President Vladimir Putin’s legacy of corruption. Dubbed “Putin’s Palace,” the 190,000 square-foot mega-mansion was purportedly built for his personal