By Matt Egan, CNN Millions of Americans traveling this holiday weekend are being greeted by unprecedented prices at the gas pump. The national average for regular gasoline rose to a fresh record of $4.62 a gallon on Monday, according to AAA. That’s up by a penny from Sunday and 44 cents more expensive than a
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By Ramishah Maruf, CNN Many businesses, government offices and schools will be closed on Monday, May 30 because of Memorial Day — a federal holiday honoring members of the US armed forces who have died serving the country. The holiday is observed on the last Monday of May. Here’s what’s open and closed on Memorial
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By Anna Bahney, CNN Business The pandemic changed the way people lived and, for many, where they lived. Working from home was a significant driver of this “Great Reshuffling” and accounted for more than half of the steep increases in home prices seen during the pandemic, new research has found. Remote work allowed some people
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By Anna Cooban and James Frater, CNN Business Europe’s united front against Moscow is being put to the test as countries struggle to agree a ban on Russian oil imports. European Union diplomats failed to reach consensus Sunday on the terms of an embargo, but held further talks Monday in preparation for a summit of
Continue Reading By Anna Cooban and James Frater, CNN Business Europe’s united front against Moscow is being put to the test as countries struggle to agree a ban on Russian oil imports. European Union diplomats failed to reach consensus Sunday on the terms of an embargo, but held further talks Monday in preparation for a summit of
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By Michelle Toh, CNN Business China’s richest and most international city is trying to return to business as usual after a two-month lockdown, but some restrictions will remain in place. Shanghai authorities on Sunday pledged to allow all businesses to open up from Wednesday. The city’s deputy mayor, Wu Qing, announced the easing of restrictions
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By Ramishah Maruf, CNN There’s a growing debate among journalists over how to report on the victims of mass shootings. Some argue that if lawmakers and American citizens were able to see the graphic images of dead bodies in classrooms, there could be a shift in how some in the country approach gun rights. Temple
Continue Reading By Ramishah Maruf, CNN There’s a growing debate among journalists over how to report on the victims of mass shootings. Some argue that if lawmakers and American citizens were able to see the graphic images of dead bodies in classrooms, there could be a shift in how some in the country approach gun rights. Temple
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By Frank Pallotta, CNN Business “Top Gun: Maverick” felt the need for speed at the box office this weekend. The sequel to the 1986 blockbuster, which has Tom Cruise reprise his most iconic role of Pete “Maverick” Mitchell, made an estimated $124 million domestically for its three day opening weekend, according to Paramount. That not
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By Nicole Goodkind, CNN Business To most investors, navigating today’s stock market is as treacherous as walking the plank. But for luxury investors, it’s more like strutting down the catwalk. The United States may very well be hurtling toward a recession and the Nasdaq is suffering its worst 100-day performance on record. But luxury spending
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By Reuters Rivian Automotive said on Friday Charly Mwangi, who helped kick-start the electric-vehicle maker’s manufacturing process, will leave the company. Mwangi, a former Tesla executive, served as executive vice president from May 2020 at Rivian. He brought the R1T pickup truck and R1S SUV to production in late 2021. His departure comes amid the
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By Ramishah Maruf, CNN It’s another chaotic holiday weekend for those traveling by air this Memorial Day. Upwards of 6,000 global flights have been canceled since Friday with hundreds more fights delayed, according to flight tracking website FlightAware. Some 1,640 flights were canceled on Sunday alone, FlightAware data indicates, with more than 500 of those
Continue Reading By Ramishah Maruf, CNN It’s another chaotic holiday weekend for those traveling by air this Memorial Day. Upwards of 6,000 global flights have been canceled since Friday with hundreds more fights delayed, according to flight tracking website FlightAware. Some 1,640 flights were canceled on Sunday alone, FlightAware data indicates, with more than 500 of those
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By Frank Pallotta, CNN Business Disney World is the crown jewel of the company’s Parks business, but even crown jewels need to be gussied up now and again. Now Epcot, one of the resort’s most beloved parks since its 1982 opening, is in the middle of an update aimed at attracting a new generation of
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By Zoe Sottile, CNN Starting this fall, shoppers will be able to buy solar panels at Ikea, alongside the Swedish retailer’s flat-pack furniture and famous meatballs. The new project, according to a news release, is a collaboration between Ikea’s US branch and SunPower, a California-based company that sells and installs solar power products, including solar
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By Ramishah Maruf, CNN Business Elon Musk, the world’s richest man, said on Twitter Thursday that billionaires aren’t the bad guys. Musk tweeted that it is “morally wrong & dumb” to use the word billionaire as a pejorative if that person is using their wealth to create products that make “millions of people happy.” He
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By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Government statements are not adding up. Gaps and discrepancies are raising alarms. Elected officials are failing to answer the public’s questions. This is a moment when journalists are needed. And
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By Matt Egan, CNN Business Corporate America has said very little following this week’s Texas school shooting that left 21 people dead. Yale professor Jeff Sonnenfeld is calling out their silence. Sonnenfeld, a vocal advocate of corporate social responsibility, applauded Goldman Sachs CEO David Solomon for speaking up but said more is needed. “This voice
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By Clare Duffy, CNN Business Elon Musk has faced questions from the US Securities and Exchange Commission about how and when he disclosed his large stake in Twitter last month, prior to agreeing to buy the social media company. On April 4, the same day that Musk initially revealed he had bought up a more
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By Frank Pallotta, CNN Business Tom Cruise, one of the top movie stars in Hollywood, is about to have the biggest opening weekend of his career. “Top Gun: Maverick” — the sequel to the 1986 blockbuster — lands in theaters for the Memorial Day weekend. Cruise is reprising his role as Pete “Maverick” Mitchell, the
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