Money Archives

A strong holiday travel season helped Delta Air Lines

Delta posts a profit but warns Omicron will mean a loss this quarter

January 13, 2022 6:18 AM CNN Newsource

By Chris Isidore, CNN Business A strong holiday travel season helped Delta Air Lines to a better-than-forecast profit in the last three months of 2021. But it expects to lose money again in the current quarter as Covid infections surge. Still, the airline offered a hopeful message, saying it expects the impact of Omicron on

There are plenty of N95 masks, but they’re not designed for your kids

January 13, 2022 5:37 AM CNN Newsource

By Parija Kavilanz, CNN Business N95 respirators, the gold standard of filtration masks, are back in the pandemic spotlight because of the highly contagious Omicron Covid-19 variant. Unlike earlier in the pandemic, N95s are now widely available — but the top N95 manufacturer cautioned parents who are considering buying them for their children. 3M, a

KFC is being accused of causing food waste in China amid recent concerns about food security

KFC blasted by China for ‘causing unnecessary food waste’

January 13, 2022 2:37 AM CNN Newsource

By Michelle Toh and CNN’s Beijing bureau, CNN Business KFC is being accused of causing food waste in China amid recent concerns about food security. The fast food chain came under fire Wednesday from Chinese state media and a national consumer watchdog overseen by the government. They take issue with the company’s new promotion, which

The US consumer price inflation index rose 7% over the past year

Surging prices: Key inflation measure hits a 39-year high

January 12, 2022 9:07 PM CNN

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

Pressure on used car market leads to increase in personal property taxes

January 12, 2022 2:05 PM Hannah Falcon

The value of a car went up in the past year causing a personal property tax increase for car owners in Missouri.

Domino's Pizza customers ordering chicken wings will soon get fewer of them for the same price.

Domino’s is giving customers fewer wings as prices surge

January 12, 2022 2:07 PM CNN Newsource

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

If prices keep rising, a nightmare scenario for the US economy is a real possibility

January 12, 2022 12:12 PM CNN Newsource

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

Elizabeth Holmes sentencing hearing set for September 26

January 12, 2022 10:58 AM CNN Newsource

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

Meat is finally getting cheaper. But these other foods aren’t

January 12, 2022 10:15 AM CNN Newsource

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

Dawn is changing its dish soap bottle with a wacky new lid

January 12, 2022 10:04 AM CNN Newsource

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,

Wells Fargo announced changes to its overdraft policy saying that it will give customers earlier access to direct deposits

Another bank ends bounced check fees

January 12, 2022 8:14 AM CNN Newsource

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

Surging prices: Key inflation measure hits a 39-year high

January 12, 2022 7:59 AM CNN Newsource

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

Surging prices: Key inflation measure hits a 39-year high

January 12, 2022 7:59 AM CNN

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

Ryanair can’t stop trolling Boris Johnson

January 12, 2022 7:10 AM CNN Newsource

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

Annual consumer inflation in the United States has climbed to 7% as prices rise at the fastest clip in nearly four decades

The big test for inflation is 12 months away

January 12, 2022 7:07 AM CNN Newsource

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

The big test for inflation is 12 months away

January 12, 2022 7:07 AM CNN

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

Big Lots is opening 500 stores

January 12, 2022 5:39 AM CNN Newsource

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

KFC Australia is running low on chicken and McDonald’s Japan is restricting sales of french fries

January 12, 2022 3:21 AM CNN Newsource

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

More than 80 fact-checking organizations call out YouTube’s ‘insufficient’ response to misinformation

January 11, 2022 11:01 PM CNN Newsource

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

Facebook's parent company Meta Platforms Inc has paused new users from joining its social media tracking tool CrowdTangle due to staffing constraints.

Meta pauses new users from joining analytics tool CrowdTangle

January 11, 2022 5:19 PM CNN

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