Money

By Alicia Wallace, CNN Business Bacon is more expensive for Americans than it has been in the past 40 years. And yes, that is accounting for inflation. That hankering for pork chops is costing you about 7% more than 12 months ago. The average price for that slab of bacon to accompany the Sunday morning

By Jeanne Sahadi, CNN Business Football season is here. The World Series is around the corner. NBA off-season trades are happening. And never has there been an easier time to bet on them, just by pulling out your phone. While it’s meant as a form of entertainment, ease of access, combined with Americans’ obsession with

By Matt Egan, CNN Business General Motors CEO Mary Barra will become the first-ever female chair of the Business Roundtable, a powerful CEO alliance, beginning in January. Barra said her election is an honor, and she pledged to continue to “help advance policies that offer greater economic growth and opportunities for all Americans.” She will

By Hanna Ziady, CNN Business Seafarers, truck drivers and airline workers have endured quarantines, travel restrictions and complex Covid-19 vaccination and testing requirements to keep stretched supply chains moving during the pandemic. But many are now reaching their breaking point, posing yet another threat to the badly tangled network of ports, container vessels and trucking

By Jill Disis, CNN Business CNN says it will no longer publish content to Facebook in Australia. The decision comes after the country’s highest court ruled that media companies are liable for comments people post under articles on the platform. Earlier this month, the High Court of Australia dismissed an argument brought by three major

By Chris Isidore, CNN Business As the global supply chain crisis continues to roil the global economy, the list of impacted industries is growing by the day. The latest: paint. Sherwin-Williams said this week that strong demand for paint isn’t enough to prevent it from having to trim its revenue and profit forecasts. The company

By Charles Riley, CNN Business British motorists desperate for fuel found service stations still closed and long lines at those with gasoline and diesel on Wednesday as the UK government prepared to deploy soldiers in an effort to end days of shortages. The UK military has put 150 tanker drivers on standby to help deliver

By Jordan Valinsky, CNN Business It’s that time of the year again: Today is National Coffee Day. This year’s commemoration arrives just as Americans are getting back to their coffee drinking habits, according to the National Coffee Association. Coffee consumption has rebounded to pre-Covid levels thanks to easing health safety restrictions and customers growing more

By Michelle Toh, CNN Business Evergrande has raised $1.5 billion in much needed cash. But that may do little to help it meet a new bond interest payment due Wednesday. The Chinese real estate developer has agreed to sell off part of its stake in a local bank for nearly 10 billion yuan (about $1.5