Money

By Anneken Tappe, CNN Business A key inflation measure climbed to a record high in 2021, as pandemic price hikes just aren’t going away. The US producer price index, which tracks what America’s producers get paid for their goods and services on average over time, rose 9.7% last year, not adjusted for seasonal swings. It

By Julia Horowitz, CNN Business For companies that want to take advantage of historically-low borrowing costs, the clock is ticking. What’s happening: In the early days of the year, corporations have been racing to issue debt. Their aim is to tap the market before the Federal Reserve starts hiking interest rates, which have been near

By Charles Riley, CNN Business Volkswagen is falling further behind Tesla in the race to dominate the market for electric cars. Europe’s largest carmaker said Wednesday that it delivered 452,900 battery electric cars to customers in 2021, nearly double its total from the previous year. But that wasn’t enough to keep pace with Tesla, which

By Nathaniel Meyersohn, CNN Business Sam Dancy has witnessed it all during his 30 years at supermarket chain QFC in Seattle. But the Omicron variant is pushing him to the brink. Dancy is a front-end supervisor overseeing the store’s cash registers, self-checkout kiosks, customer service and liquor departments. In late December he worked 11 straight

By Chris Isidore, CNN Business A strong holiday travel season helped Delta Air Lines to a better-than-forecast profit in the last three months of 2021. But it expects to lose money again in the current quarter as Covid infections surge. Still, the airline offered a hopeful message, saying it expects the impact of Omicron on

By Parija Kavilanz, CNN Business N95 respirators, the gold standard of filtration masks, are back in the pandemic spotlight because of the highly contagious Omicron Covid-19 variant. Unlike earlier in the pandemic, N95s are now widely available — but the top N95 manufacturer cautioned parents who are considering buying them for their children. 3M, a

By Michelle Toh and CNN’s Beijing bureau, CNN Business KFC is being accused of causing food waste in China amid recent concerns about food security. The fast food chain came under fire Wednesday from Chinese state media and a national consumer watchdog overseen by the government. They take issue with the company’s new promotion, which

By Paul R. La Monica, CNN Business There’s no denying it: Inflation is here. Consumer prices surged 7% over the past year. Housing prices have continued to soar, too. But the question on the minds of many economists and Wall Street strategists is whether something even worse could be in the cards: prices rising as

By Anna Cooban, CNN Business Ryanair has restarted one of its most popular services: trolling Boris Johnson. The budget airline posted a spoof summer drinks menu on its Twitter account on Tuesday, mocking the prime minister over a “bring your own booze” event that was held in Downing Street’s garden at the height of the