Money

By Danielle Wiener-Bronner, CNN Business Bad news for American consumers: It’s getting more expensive to dine out, and it’s getting more expensive to eat at home. Restaurant prices spiked 5.8% over the 12 months ending in November without seasonal adjustments, the Bureau of Labor Statistics said Friday. That’s the largest 12-month increase since the year

By Jackie Wattles, CNN Business Jeff Bezos’ rocket company, Blue Origin, sent Good Morning America host Michael Strahan, the daughter of famed astronaut Alan Shepard, and four paying customers on a supersonic joy ride to the edge of space Saturday morning. The group blasted off aboard Blue Origin’s suborbital space tourism rocket at 9:01 am

By Michelle Toh, CNN Business Before the pandemic, Hong Kong was an aviation hub attracting pilots from around the world. Two years on, pilots at flagship airline Cathay Pacific are so exhausted and depressed from working under one of the world’s strictest quarantine regimes that some are reaching a breaking point. Once known as a

By Ramishah Maruf, CNN Business Better.com CEO Vishal Garg, who laid off 900 employees over a Zoom meeting that lasted less than three minutes, is taking time off from the company, Vice reported. “If you’re on this call, you are part of the unlucky group that is being laid off,” Garg said on the December

By Nathaniel Meyersohn, CNN Business Americans are spending more on rent, gas, groceries, clothes and other essentials lately. US consumer prices have climbed 6.8% annually without seasonal adjustments — the biggest increase since June 1982 — as inflation has surged due to the imbalance between demand for consumer goods and supply of those products. We

Opinion by Mark Wolfe for CNN Business Perspectives The pandemic has only made things worse for those at the bottom of the economic ladder. While families across the country have been hit hard by rising prices for many essential goods and services — especially for food, shelter, clothing and gasoline — those with the lowest

By Jackie Wattles and Kerry Flynn, CNN Business Shortly before Jeff Bezos flew to space in July, “Good Morning America” host Michael Strahan was one of the few journalists who got to ask the billionaire directly why he was going. Little did the public know that Strahan would be offered the same opportunity a few

By Walé Azeez and Martin Goillandeau, CNN Business A man who slipped down the stairs and broke his back while walking from his bed to home office can file a claim on his employer’s insurance after a court in Germany ruled that he was commuting at the time. The ruling by Germany’s federal social court

By Julia Horowitz, CNN Business Consumer prices in the United States continued to surge in November, exacerbating anxiety about rising inflation among Americans. The consumer price index rose by 6.8% last month, the highest its been since June 1982, according to the Bureau of Labor Statistics. The Biden administration was already trying to tamp down

By Anneken Tappe, CNN Business America’s high pandemic-era price hikes were alive and kicking last month, when a key measure of inflation climbed to a level not seen since June 1982. Consumer price inflation rose by 6.8% without seasonal adjustments over the 12 months ended November, the Bureau of Labor Statistics reported Friday. Stripping out