By Anneken Tappe, CNN Business Pandemic price hikes didn’t let up in the last month of 2021: A key inflation gauge hit a fresh a 39-year high. The US consumer price inflation index rose 7% over the past year before seasonal adjustments, the steepest climb in prices since June 1982, the Bureau of Labor Statistics
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The value of a car went up in the past year causing a personal property tax increase for car owners in Missouri.
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By Jordan Valinsky, CNN Business Domino’s Pizza customers ordering chicken wings will soon get fewer of them for the same price. The pizza chain said it’s cutting the number of wings in its $7.99 carry out offer from 10 pieces to just eight because of rising food and labor costs. Wings will also become an
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By Paul R. La Monica, CNN Business There’s no denying it: Inflation is here. Consumer prices surged 7% over the past year. Housing prices have continued to soar, too. But the question on the minds of many economists and Wall Street strategists is whether something even worse could be in the cards: prices rising as
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By Sara Ashley O’Brien, CNN Business Elizabeth Holmes, the former CEO of Theranos who was convicted earlier this month on four out of 11 federal fraud and conspiracy charges, will not be sentenced until September 26, according to a new filing. The prosecution and defense had proposed September 12 for a sentencing hearing in a
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By Danielle Wiener-Bronner, CNN Business Good news: After rising for months, meat prices are finally falling at the grocery store. Bad news: Many other staples are getting more expensive. Prices for meat, poultry, fish and eggs fell 0.4% from November to December, according to seasonally adjusted data from the Bureau of Labor Statistics. Within that
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By Jordan Valinsky, CNN Business Getting your dish soap out of the bottle might not be on your top 10 list of daily annoyances. But Procter & Gamble is making it easier anyway. Dawn, the top-selling dish soap brand, has unveiled a redesigned bottle with “patented no-flip cap technology.” That means the bottle stands, upside-down,
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By Paul R. La Monica, CNN Business Fees for bounced checks or lacking enough money in your account are quickly becoming a thing of the past. Wells Fargo announced changes to its overdraft policy Tuesday, saying that it will give customers earlier access to direct deposits, a 24-hour grace period before incurring any overdraft fees
Continue Reading By Anneken Tappe, CNN Business Pandemic price hikes didn’t let up in the last month of 2021: A key inflation gauge hit a fresh a 39-year high. The US consumer price inflation index rose 7% over the past year before seasonal adjustments, the steepest climb in prices since June 1982, the Bureau of Labor Statistics
Continue Reading By Anneken Tappe, CNN Business Pandemic price hikes didn’t let up in the last month of 2021: A key inflation gauge hit a fresh a 39-year high. The US consumer price inflation index rose 7% over the past year before seasonal adjustments, the steepest climb in prices since June 1982, the Bureau of Labor Statistics
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By Anna Cooban, CNN Business Ryanair has restarted one of its most popular services: trolling Boris Johnson. The budget airline posted a spoof summer drinks menu on its Twitter account on Tuesday, mocking the prime minister over a “bring your own booze” event that was held in Downing Street’s garden at the height of the
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By Julia Horowitz, CNN Business Annual consumer inflation in the United States has climbed to 7% as prices rise at the fastest clip in nearly four decades. But the real test for prices is a year away. What’s happening: According to the most recent survey of consumer expectations by the Federal Reserve Bank of New
Continue Reading By Julia Horowitz, CNN Business Annual consumer inflation in the United States has climbed to 7% as prices rise at the fastest clip in nearly four decades. But the real test for prices is a year away. What’s happening: According to the most recent survey of consumer expectations by the Federal Reserve Bank of New
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By Nathaniel Meyersohn, CNN Business Big Lots is betting shoppers will still want to buy cheap couches and pillows in person for years to come. The discount home furnishings’ chain said Monday that it plans to open more than 500 new stores over the next several years following a decade in which it put its
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By Michelle Toh, CNN Business If you’re looking for your usual order at a KFC in Australia or McDonald’s in Japan these days, you might be disappointed. The two fast food chains are experiencing shortages of fresh chicken and french fries, respectively, forcing them to cut back on some normal menu items this month. Both
Continue Reading By Clare Duffy, CNN Business A group of more than 80 fact-checking organizations from around the world has called YouTube “one of the major conduits of online disinformation and misinformation worldwide” and wants the platform to do more to address the problem. In an open letter to YouTube CEO Susan Wojcicki published Wednesday, the group
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by Reuters Facebook’s parent company Meta Platforms Inc has paused new users from joining its social media tracking tool CrowdTangle due to staffing constraints. Meta, which disbanded the CrowdTangle team last year, has been under pressure to provide greater transparency into its platforms. CrowdTangle founder and CEO Brandon Silverman left Facebook last year. The tool
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By Brian Fung, CNN Business US antitrust officials can continue their case to break up Meta, Facebook’s parent company, a federal judge ruled on Tuesday, dealing a blow to the social media giant, which had argued the complaint should be dismissed. The decision allows federal prosecutors to try to prove their allegations that Meta has
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By Allison Morrow, CNN Business Citigroup is ending its consumer banking operation in Mexico as part of a broad strategic shift under CEO Jane Fraser. The bank announced Tuesday that it’s exiting the consumer, small business and middle market banking operations of its Mexican business, known as Banamex. Citi, which has operated in Mexico for
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By Matt Egan, CNN Business US oil prices rose sharply on Tuesday, climbing above $81 a barrel for the first time in two months. Crude closed at $81.22 a barrel, up nearly 4% on the day. It’s the highest level for oil since November 11. The latest gains unwind a good chunk of the relief
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