Money

By Danielle Wiener-Bronner, CNN Egg prices are still going up — way up — in the grocery store. In January, egg prices rose 8.5% compared to the month before, according to inflation data released by the Bureau of Labor Statistics Tuesday. In the year through January, egg prices soared 70.1%. A highly-contagious, deadly avian flu

By Hanna Ziady, CNN The United Kingdom lost more working days to strikes in 2022 than in any year since 1989, as employees walked out in large numbers over pay amid soaring living costs. Figures from the Office for National Statistics (ONS) showed Tuesday that nearly 2.5 million working days were lost to industrial action

By Alicia Wallace, CNN Inflation surged in January by the most in three months, according to the latest Consumer Price Index released Tuesday. But despite the monthly increase of 0.5%, inflation continued to slow on a year-over-year basis to 6.4%, according to the Bureau of Labor Statistics. That’s down from December’s 6.5% but higher than

By Anna Cooban, CNN Ford has announced plans to axe 3,800 jobs across Europe, citing difficult economic conditions and its major push toward electric vehicles. The US carmaker said Tuesday that it would cut about 2,300 jobs in Germany, 1,300 in the United Kingdom and 200 across the rest of Europe over the next three

By Oliver Darcy, CNN The Super Bowl delivered super ratings for Fox. The face off between the Philadelphia Eagles and Kansas City Chiefs, a nail biter in which the latter team emerged victorious after a game defining play late in the fourth quarter, averaged 113 million viewers across Fox’s television and digital properties, according to

By Paul R. La Monica, CNN Barney is back, and while Mattel has not yet officially confirmed it, we’re guessing he still loves you. Toy giant Mattel announced Monday that Barney, the friendly (and, let’s be honest, cringe-worthy to a large group of Millennials who watched him as pre-schoolers, and to their parents) purple dinosaur

By Peter Valdes-Dapena, CNN Business Ford is investing $3.5 billion to build a battery plant in Michigan, a move that will help the automaker take advantage of more federal tax credits for electric vehicles. The plant will operate as a wholly owned subsidiary of Ford Motor Co. but will build batteries using “knowledge” and services

By Nicole Goodkind, CNN A new report about tariffs on underwear finds that when it comes to tax rates, women are getting shorts-changed. The average US tariff rate on women’s undergarments is 15.5%, compared to just 11.5% for men’s. That means women are being charged a tax that’s 35% higher than what their male counterparts

By Christine Romans, CNN Chief Business Correspondent If “transitory” was the buzzword for inflation watchers in 2021, this year it’s “supercore.” Federal Reserve officials and economists were taken to task for dismissing inflation as temporary earlier in the pandemic, so now they’re slicing and dicing inflation data in different ways. The new favorite: supercore inflation.

By Jeanne Sahadi, CNN Secure 2.0, the new retirement rules that lawmakers passed in late December, includes several provisions that will make the tax-free savings vehicle known as a Roth more accessible and flexible. And, in one instance, it will mandate that some higher-income earners put a portion of their 401(k) savings in a Roth

By Peter Valdes-Dapena, CNN Business Ram revealed the production version of its electric pickup in a Super Bowl commercial, and it turns out that it looks much like today’s internal combustion powered Ram 1500 truck, instead of the futuristic concept unveiled just last month. Stellantis, Ram’s parent company, had previously revealed a sleek looking concept