CNN – Business/Consumer

By Julia Horowitz, CNN Business West Texas Intermediate crude, the reference point for US oil prices, usually trades at a discount of a few dollars to Brent crude, the global benchmark. But this morning, the near-term futures contracts for WTI and Brent are both roughly $115 per barrel — an indication of how the market

By Matt Egan, CNN Business Nestlé is rushing baby formula into the United States via airfreight in a bid to ease a nationwide shortage that is unnerving parents around the country. In a statement to CNN on Tuesday, Nestlé said it is flying in some baby formula produced outside the United States, including Gerber Good

By Paul R. La Monica, CNN Business Home Depot has a message for all of the economic naysayers: Hold my plywood. The home improvement retail giant reported better-than-expected gains in sales and earnings for the first quarter Tuesday and lifted its outlook for the rest of this fiscal year. Shares of Home Depot, one of

By Nathaniel Meyersohn, CNN Business Inflation is weighing on everyone — even the world’s biggest stores. Walmart said Tuesday that higher costs and supply chain constraints squeezed its profit during its latest quarter. Walmart also slashed its profit outlook for the year, signaling that it expects inflation to continue to hurt its business. “Bottom-line results

By Jeanne Sahadi, CNN Business Unless someone else does your shopping and manages your money, it’s impossible to miss the signs of inflation on your expenses. For retirees — especially those on a fixed income — high inflation can really bite. If you’re retired, we’d love to hear how inflation is affecting your household spending

By Parija Kavilanz, CNN Business Weddings typically aren’t the occasion to throw convention to the wind, but some brides are doing just that with at least one centerpiece of their nuptials — the white wedding dress. Among wedding trends heating up, sellers have noted a surge in interest in black bridal gowns. According to Google

By Laura He, CNN Business Shanghai posted zero car sales last month as China pressed ahead with its stringent pandemic control measures. The biggest metropolitan area in China, home to 25 million residents, has been under a strict lockdown for seven weeks. Authorities have ordered people to stay at home and shut down many businesses,

By Jeanne Sahadi, CNN Business California’s efforts to mandate board diversity have been dealt another blow. Late last week, a California judge in the Superior Court of Los Angeles ruled that the state’s 2018 law requiring public companies headquartered in California to have a minimum number of women on their board violates the state’s constitution.

Opinion by Abby Maxman for CNN Business Perspectives Forces like climate change, Covid-19 and geopolitical conflict were already spurring a global food crisis. But now the war in Ukraine has made a dire situation even worse. In this world of plenty, 811 million people are going to bed hungry at night and 44 million people

By Chris Isidore, CNN Business The CEO of Ryanair let loose a scathing, obscenity-laden attack on Boeing management Monday, saying company executives need either an immediate “reboot, or a boot up the a**.” “At the moment we think Boeing management is running around like headless chickens, not able to sell aircraft, and then even the

By Nicole Goodkind, CNN Business The first rule of running the Federal Reserve is: You do not criticize the Federal Reserve. An unspoken edict amongst former Fed chairs has been to not speak ill of their successors to preserve the apolitical nature of and trust in the institution. But former Fed Chair Ben Bernanke broke

By Nathaniel Meyersohn, CNN Business Walmart is creating a new program to fast-track recent college graduates into store manager positions — salaried roles that pay upwards of $200,000 a year. Facing a competitive labor market, Walmart is piloting a “College2Career” training program open to recent college graduates and current students set to graduate that aims

By Paul R. La Monica, CNN Business Stocks have been tumbling all year. The Nasdaq, down nearly 25% in 2022, is in a bear market. The S&P 500 is on a six-week losing streak and about 16% below its all-time high. But could stocks still have a lot more room to fall? Some would argue

By Matt Egan, CNN Business Prices at the pump continue to shatter records ahead of Memorial Day weekend. The national average for regular gas hit a fresh record of $4.48 a gallon Monday, according to AAA. That marks an increase of 15 cents in the past week and 40 cents in a month. Gas prices

By Jeanne Sahadi, CNN Business Divorce. Job loss. Business failure. Eviction. Bankruptcy. Poverty. Few people get through life without experiencing a financially traumatic situation of some kind — whether as a child watching your parents go through it or experiencing it yourself as an adult. Look no further than the pandemic to see countless recent