By Chris Isidore, CNN Business After more than a month of surging prices, Tuesday brought some modest — very modest — relief to drivers. The average price of a gallon of regular gas fell to $4.32 a gallon, down from $4.33 a gallon Monday, according to AAA. Even at just nine-tenths of a cent, it
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By Anneken Tappe, CNN Business Prices kept rising in February as another key inflation gauge soared and hit double digits. The US producer price index, which tracks what America’s producers get paid for their goods and services on average over time, rose 10% for the 12-month period ended in February, not adjusted for seasonal swings,
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By Julia Horowitz, CNN Business After Russia invaded Ukraine, global oil prices experienced a dramatic spike. Just over a week ago, Brent crude leaped above $139 per barrel. Analysts warned prices could touch $185, then $200 as traders shunned Russian oil, pushing inflation even higher and adding huge strain to the global economy. But there’s
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By Anneken Tappe, CNN Business Americans have watched prices for everything from diapers to gas go up over the past year. So far, they have kept reaching for their wallets. But what happens when they reach their breaking point? The pandemic and the supply chain crisis have pushed the cost of virtually everything higher. Food
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By Anna Cooban, CNN Business Nazmin Begum has a problem: she’s having to pay much more to keep her two children warm and fed as the United Kingdom endures its worst cost of living crisis in three decades. “Everything’s increasing,” she told CNN Business during a visit to The Boiler House, which provides discounted food,
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Story by Reuters and Angela Dewan, CNN Environmental lawyers ClientEarth said on Tuesday they were preparing legal action against the directors of Shell over the company’s climate transition plan, in what they said would be the first such case of its kind. The lawyers from ClientEarth — which is a Shell shareholder — said they
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By Paul R. La Monica, CNN Business For many years, the world’s most popular emerging markets have been the so-called BRICS: Brazil, Russia, India, China and South Africa. But given that Russia is no longer a market that Westerners can access following the invasion of Ukraine, it might be time for investors to stop lumping
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By Paul P. Murphy, CNN In a bold protest against the invasion of Ukraine, a Russian state television journalist interrupted a live news broadcast Monday, holding a sign that said, “NO WAR.” Marina Ovsyannikova, an editor at Channel One, stood behind a news anchor on air with a poster board sign written in English and
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By Charles Riley, CNN Business The Russian state television journalist who took a dramatic stand against President Vladimir Putin’s war in Ukraine during a live broadcast says it was “impossible to stay silent” and that she wants the world to know that many Russians are against the invasion. Marina Ovsyannikova told CNN’s Christiane Amanpour on
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By David Goldman, CNN Business A Russian state television journalist who protested the invasion of Ukraine during a live news broadcast was found guilty Tuesday of organizing an “unauthorized public event.” A district court in Moscow said in a statement that Marina Ovsyannikova, an editor at Channel One, had been found guilty of the “administrative
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By Rhea Mogul and Swati Gupta, CNN An Indian high court has upheld a ban on the wearing of hijabs or headscarves in educational institutes in Karnataka state, weeks after religious clashes erupted over the right to wear the Islamic garment in schools. The state’s top court on Tuesday ruled that the hijab was not
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By Laura He, CNN Business China’s economy started the year on a bright note, with several major indicators beating forecasts. But as Covid cases in the country spike, keeping up the same pace of growth in the coming months may prove difficult. Retail sales rose 6.7% in the first two months of 2022 compared to
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COLUMBIA, Mo. (KMIZ) Federal student loan payments are set to resume in May after being paused for more than two years because of the pandemic, but guidance from the U.S. Department of Education seems to hint at the pause being extended. The department recently emailed guidance to the companies that manage its $1.6 trillion student
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By Jackie Wattles, CNN Business NASA said Monday that NASA astronaut Mark Vande Hei will return from the ISS later this month aboard a Russian Soyuz spacecraft as previously planned. The space agency sought to reaffirm Monday that it’s still working closely with Russian space agency Rocosmos on the International Space Station, despite mounting geopolitical
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By Sara Ashley O’Brien, CNN Business Lyft on Monday said it plans to add a small fee on rides to help drivers deal with rising gas prices across the country, days after Uber laid out its plans to do the same. Lyft did not specify how much extra passengers will pay or when the surcharge
Continue Reading By Sara Ashley O’Brien, CNN Business Lyft on Monday said it plans to add a small fee on rides to help drivers deal with rising gas prices across the country, days after Uber laid out its plans to do the same. Lyft did not specify how much extra passengers will pay or when the surcharge
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By Anneken Tappe, CNN Business President Joe Biden planned to reshape the Federal Reserve through his nominations for the three vacant seats on the board of governors. But Democratic Sen. Joe Manchin of West Virginia threw a wrench into those plans Monday. The crux of the matter is the nomination of Sarah Bloom Raskin, a
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By Parija Kavilanz, CNN Business As Russia’s assault in Ukraine intensifies, fear of radioactive fallout from accidental or intentional attacks on Ukraine’s nuclear plants, or from the use of a nuclear bomb, has triggered surging demand for potassium iodide pills. In such an event, there’s the frightening risk of large amounts of radioactive iodine (or
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By Oliver Darcy, CNN Business Fox News correspondent Benjamin Hall, who had been deployed in recent weeks to cover the war in Ukraine, has been hospitalized after being injured while reporting near Kyiv, the network said on Monday. “We have a minimal level of details right now, but Ben is hospitalized and our teams on
Continue Reading By Parija Kavilanz, CNN Business As Russia’s assault in Ukraine intensifies, fear of radioactive fallout from accidental or intentional attacks on Ukraine’s nuclear plants, or from the use of a nuclear bomb, has triggered surging demand for potassium iodide pills. In such an event, there’s the frightening risk of large amounts of radioactive iodine (or
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