Money

By Alicia Wallace, CNN (CNN) — The March jobs report, due out Friday morning, could bring a much-needed reality check after two months of wild swings in the US labor market. But even if a level or baseline is achieved, and clarity is gained as to the health of the labor market, it’s a whole

By Jordan Valinsky, CNN New York (CNN) — Kraft Heinz is reinventing some of its well-known pantry staples that have fallen out of favor with consumer tastes. In the coming months, a new version of Kraft Mac & Cheese bolstered with nutrients is rolling out to a rival, fast-growing competitor; Capri Sun is cutting sugar

By Hanna Ziady, CNN London (CNN) — Oil prices climbed and stocks slipped Thursday, after inflammatory remarks by US President Donald Trump and Iranian officials sparked fears that the conflict could still escalate significantly. Brent crude, the global oil benchmark, rose 7.4% in early trade to more than $108 a barrel. WTI, the US benchmark,

CNN By Hanna Ziady, CNN London (CNN) — Oil prices climbed and stocks slipped Thursday, after inflammatory remarks by US President Donald Trump and Iranian officials sparked fears that the conflict could still escalate significantly. Brent crude, the global oil benchmark, rose 7.4% in early trade to more than $108 a barrel. WTI, the US

By Matt Egan, CNN New York (CNN) — In the summer of 2008, weeks before the investment bank Lehman Brothers imploded, oil prices skyrocketed to nearly $150 a barrel. Some oil watchers are warning of even higher prices this summer if the vital Strait of Hormuz doesn’t reopen soon. US oil prices have already spiked

By Chris Isidore, CNN (CNN) — SpaceX, the Elon Musk-owned rocket company that merged earlier this year with his artificial intelligence company xAI, confidentially filed plans for an initial public offering Wednesday in what might be the largest of all time, according to multiple reports. The filing was reported by Bloomberg, the Wall Street Journal

By Bryan Mena, CNN Washington (CNN) — Americans stepped up their spending at US retailers in February, after three consecutive months of declines, showing the US consumer hasn’t tapped out yet in the face of weak job growth and low consumer sentiment. Retail sales rose 0.6% in February from the prior month, the Commerce Department

By Vanessa Yurkevich, CNN (CNN) — Tamira Moncur didn’t fill up her tank at an Atlanta-area gas station last month because she was afraid she couldn’t afford it. The teacher, who works part-time as a Lyft driver, doesn’t know how long she can keep up the side gig if the price of gas keeps climbing.

By Lisa Eadicicco, CNN (CNN) — Apple had never built anything so complex. But it was at a crossroads. “We were like, people are only going to carry one device. They’re going to have a cell phone with music, or they’re going to have an Apple product with music and communications,” said Tony Fadell, the

By Alicia Wallace, CNN (CNN) — US businesses are adding workers at the weakest pace in 15 years, excluding the onset of the pandemic, new data showed Tuesday, a sign that there was an even deeper chill cutting through the labor market before the Middle East conflict threatened to shake the US economy. Hires as

By Chris Isidore, CNN (CNN) — Warren Buffett said he doesn’t regret the billions he donated to the Gates Foundation despite revelations of the close ties between Bill Gates and convicted sex offender Jeffrey Epstein, but that he is no longer talking to his close friend Gates. “I wish that certain things hadn’t happened,” Buffett,

By John Towfighi, CNN New York (CNN) — US stocks rallied sharply Tuesday to close out one of the roughest months and quarters in years. The Dow rose by 1,125 points, or 2.49%. The S&P 500 gained 2.9% and the tech-heavy Nasdaq Composite rose 3.8%. All three experienced their best trading day since May. The

By Jordan Valinsky, CNN New York (CNN) — Hellmann’s owner Unilever is spinning off its food business and merging it with spice maker McCormick to create a grocery staples behemoth. The deal values the Uniliver brands at about $45 billion and McCormick at $21 billion. The merger comes at a difficult time for food companies.

By Ivana Kottasová and Chris Isidore, CNN (CNN) — The war in the Middle East has pushed the average price Americans are paying for gas to $4.02 Tuesday, topping the $4 per gallon mark for the first time since 2022, according to AAA. Gas prices have surged since the United States and Israel launched their

By John Liu, Lisa Eadicicco, CNN Hong Kong/New York (CNN) — President Donald Trump arrived in the Middle East last spring, making deals that would vault the Gulf into the global race for artificial intelligence. Accompanied by an entourage of Big Tech CEOs during the trip from OpenAI’s Sam Altman to Amazon’s Andy Jassy, Trump

Story by the Associated Press Toronto (AP) — Air Canada announced Monday that its CEO will retire later this year, after Michael Rousseau was criticized for his English-only message of condolence following this month’s deadly crash in New York. Canada’s largest airline, based in French-speaking Quebec, said that Rousseau, 68, told the board he will

By Bryan Mena, CNN Washington (CNN) — It remains difficult for Americans to find a new job, especially among people in their 20s. Even internships for college students have become harder to secure these days. Over the past year and a half, employers across most industries have slammed the brakes on hiring as workers stay

By Anna Cooban, CNN London (CNN) — The world, hungry for oil, got a modest reprieve earlier this month when Saudi Arabia began diverting millions of barrels of crude —ordinarily destined for ships transiting the blockaded Strait of Hormuz — to its Red Sea port of Yanbu. But over the weekend Iran-backed Houthi militants entered

By Jeanne Sahadi, CNN (CNN) — The Department of Labor unveiled on Monday a new proposed rule for 401(k) plan sponsors that want to offer plan participants the option of investing in private equity and other “alternative” investments like crypto and commodities. The proposed rule gives plan fiduciaries “maximum discretion and flexibility in selecting any