By Parija Kavilanz, CNN Business Prices are going up for everything from food and cars to gas and clothes. Now, families can add summer camps to that growing list. Some 26 million children nationwide are expected to be enrolled in camps this year after schools wind down in just a few weeks. “Demand is extremely
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By Paul R. La Monica, CNN Business Warren Buffett’s Berkshire Hathaway has beaten the broader market so far this year. But the Oracle of Omaha wasn’t willing to declare himself an investing genius during Saturday’s annual shareholder meeting. Buffett simply said that the Berkshire Hathaway strategy is all about making rational decisions and investing for
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Opinion by Bill Carter for CNN Business Perspectives Every time a host leaves an established late-night show, the guessing game begins: Who will be the successor to Johnny Carson or David Letterman? Or, in this most recent case, James Corden at CBS? Corden announced Thursday that he will leave “The Late Late Show” next year.
Continue Reading Opinion by Bill Carter for CNN Business Perspectives Every time a host leaves an established late-night show, the guessing game begins: Who will be the successor to Johnny Carson or David Letterman? Or, in this most recent case, James Corden at CBS? Corden announced Thursday that he will leave “The Late Late Show” next year.
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By Nicole Goodkind, CNN Business Inflation is at a 40-year high, and Americans are feeling it. A gallon of gas costs about double what it cost in January 2021. Home prices were up a whopping 19.8% year-over-year in February. And, in March, groceries cost 10% more than they did a year earlier. Thankfully some analysts
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By Jordan Valinsky, CNN Business For fans of “The Real Housewives of New York City,” Bluestone Manor was more than home — it was essentially a bonus cast member. Dorinda Medley owns the lush 11,000-square-foot estate in western Massachusetts, which was the scene of several prolific fights and dinner parties during her six seasons on
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By Zoe Sottile, CNN There’s a new grill master in town, just in time for grilling season. Gayle Dudley, a longterm employee at a LongHorn SteakHouse in Georgia, was named “Grill Master Legend” after grilling 1 million steaks — one of just 14 employees to earn the title — according to a statement shared with
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By Ramishah Maruf, CNN Up to a quarter million Ford Explorers are being recalled due to a mechanical problem that can cause the SUV to roll away while it’s parked, according to documents from the National Highway Traffic Safety Administration. The document said a bolt in the rear axle mounting could fracture and cause the
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By Yenny Sanchez, CNN Looking for a juicy alternative to oat bran and milk? Tropicana is introducing a new cereal that’s made specifically for orange juice. Tropicana Crunch, a crispy honey almond cereal, will be available starting May 4, which also happens to be National Orange Juice Day. “Prepare your mind and cereal bowl for
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By Rishi Iyengar, CNN Business Just two days after he announced he would buy Twitter, Elon Musk sent out a deluge of tweets about his plans for the social media platform. One stood out for its broad appeal. “Twitter DMs should have end to end encryption like Signal, so no one can spy on or
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By Peter Valdes-Dapena, CNN Business The way we buy cars in America is just weird. Just think about it for a moment. When you want to buy a refrigerator, you don’t go to a Whirlpool store, then a Maytag store and a Bosch store. You go to an appliance store. And even if there is
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By Nathaniel Meyersohn, CNN Business Ikea is known for sprawling showrooms, cheap flat-pack furniture and, of course, Swedish meatballs. The retail giant sells more than a billion of its trademark Swedish meatballs at cafeterias in stores every year. The meatballs have become a symbol of Ikea’s friendly Scandinavian brand image and central to the retailer’s
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By Matt McFarland, CNN Business Amazon and Ford reported this week they lost a combined $12.3 billion in the last three months due to their investments in electric vehicle company Rivian. The losses dampened hopes that any electric vehicle company will inevitably turn into gold. Even Rivian, which many automotive experts view as the most
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By Nicole Goodkind, CNN Business US stocks plunged on Friday, with the Nasdaq marking its worst month since October 2008 and the S&P notching its worst month since March 2020 at the onset of the Covid pandemic. The tech-heavy Nasdaq fell 4.2% on Friday, dragged down by Amazon, which dropped nearly 15% after it missed
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By Tami Luhby, CNN Skyrocketing inflation is robbing Americans of their raises. Total compensation costs for civilian workers declined 3.7% over the past 12 months ending in March, after accounting for inflation, according to the Employment Cost Index report published Friday. It’s the largest decline since the Bureau of Labor Statistics began inflation-adjusted records in
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By David Goldman, CNN Business Russian President Vladimir Putin’s efforts to support the ruble continue to pay off — and then some. Russia’s currency hit a two-year high against the US dollar Friday. The ruble gained ground after the country said it managed to pay back creditors with dollars as Russia tries to avoid a
Continue Reading By David Goldman, CNN Business Russian President Vladimir Putin’s efforts to support the ruble continue to pay off — and then some. Russia’s currency hit a two-year high against the US dollar Friday. The ruble gained ground after the country said it managed to pay back creditors with dollars as Russia tries to avoid a
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By Sara Ashley O’Brien, CNN Business Some Apple employees are pushing back on the tech giant’s return to office pilot program, which will soon require most of its corporate workers to be in the office at least three days per week. The employees, organizing under a newly-formed group known as Apple Together that advocates for
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By Kathryn Vasel, CNN Business You’ve made it through the interviews and now a potential employer is asking for references. But if you’re a recent graduate who doesn’t have a lot of work experience, who do you ask? First, consider what an employer is actually looking for. While your resume already shows your work history,
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By Anneken Tappe, CNN Business Americans had to reach deeper into their pockets in March, as yet another key inflation index showed prices hit a fresh 40-year high. The Personal Consumption Expenditures price index increased by 6.6% for the year ended in March, the Commerce Department reported Friday. It was the highest rate since the
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