Money

By Matt Egan, CNN Business The White House considered sending gas cards to families to cushion the blow from record-high gas prices before eventually deciding it is not feasible. A White House spokesperson told CNN that gas cards are not seriously under consideration, confirming a report in Axios. The Biden administration is worried that gas

By Michelle Toh and Jojo Chan, CNN Business Hong Kong announced Monday that it would lift flight bans and shorten quarantine requirements after two years of tough Covid restrictions that have hurt the city’s economy and standing among global business. In a press conference Monday, Chief Executive Carrie Lam said that residents of nine countries,

Opinion by Yamini Aiyar for CNN Business Perspectives My children last entered their school gates on March 10, 2020, weeks before India’s national lockdown was announced. Two years on, schools in much of the country remain closed. Some states went against the tide and reopened in 2021 — but only partially, limiting attendance to higher

By Jordan Valinsky, CNN Business Some types of Jergens moisturizer have been recalled because of possible bacterial contamination. The Food and Drug Administration announced that Jergen’s manufacturer, Kao USA, wants customers to check if they have 3-ounce or 10-ounce products of Jergens Ultra Healing Moisturizer, because they could contain pluralibacter gergoviae. Although the bacterium typically

By Charles Riley, CNN Business Russia’s war in Ukraine is reshaping global energy markets. The scale and long-term impact of the changes are still up for debate. The International Energy Agency warned last week that the world could be hit with the biggest supply crisis in decades if Moscow curtails its oil output as companies

By Ramishah Maruf, CNN As Russia’s attack on Ukraine continues to intensify, reporting from the war zone is becoming increasingly difficult — and dangerous. Four journalists have so far been killed reporting on the war and many more are injured or missing. Ukrainian journalist Victoria Roshchyna has been missing for more than a week, and

By Ramishah Maruf, CNN Disney said it regrets a performance at its Orlando theme park by a high school cheerleading squad after it received backlash for the routine’s depictions of Native Americans. A widely circulated video of the Port Neches-Groves High School “Indianettes” from Texas shows the team dancing and chanting “scalp ’em Indians, scalp

By Ramishah Maruf, CNN Business As inflation and Russia’s war on Ukraine force consumers to pay more at the pump, some states are temporarily suspending their gas tax — and others may follow. Lawmakers in California, which has the highest gas tax in the country at 51-cents-per-gallon, are proposing a $400 gas tax rebate, after

As told to Chris Wellisz, International Monetary Fund In his latest book, “The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance,” Cornell University professor Eswar S. Prasad describes how digital currencies and other financial technologies are reshaping everything from consumer banking to monetary policy and international payments. In a conversation with

By Ramishah Maruf and Tami Luhby, CNN Three of the country’s largest credit reporting agencies are removing nearly 70% of medical debt from consumer credit reports, the companies announced in a joint statement Friday. Starting July 1, Equifax, Experian and TransUnion will no longer include medical debt that went to collections on consumer credit reports

By Nathaniel Meyersohn, CNN Business In 2018, Kohl’s was a bright spot in the beleaguered department store sector. Sales were growing, Kohl’s stock price was booming and new CEO Michelle Gass was earning widespread praise for her creative approach, including partnering with Amazon to offer free Amazon returns at Kohl’s stores. Out of the three

By Paul R. La Monica, CNN Business March Madness isn’t just for college basketball fans. That phrase is also an apt description of the volatility on Wall Street, and this March is no different. Just look at what stocks have done so far this month. It began with worries about Russia’s invasion of Ukraine and

By Zoe Sottile, CNN More than two decades after Mike Tyson bit off a chunk of Evander Holyfield’s ear at the 1997 WBA Heavyweight Championship fight, the legendary boxer has released a line of edibles — in the shape of ears. The cannabis-infused gummies are called “Mike Bites” in homage to Tyson’s most notorious moment.

By Jordan Valinsky, CNN Business Budweiser’s slogan, the “King of Beers,” is as recognizable as its Clydesdales. But it wasn’t always those exact words. Let’s start from the beginning: German immigrant Adolphus Busch arrived in the United States in 1857. A few years later, he married Lilly Anheuser and began working at his father-in-law’s brewery.

By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. The White House spent much of Friday frustrated by an Axios report that it believes was based on a fabricated letter purportedly written by Ukraine’s top national security official. The