Money

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

By Paul R. La Monica, CNN Business Inflation is everywhere: grocery stores, gas stations, retailers and the housing market. But one important part of the economy has remained immune to higher prices: cell phone bills. And telecom stocks are paying for it. Even as Americans pay more for just about everything else, the average price

By Kathryn Vasel The pandemic thrust the working world into a new reality in March 2020 as offices closed and millions of people were forced to learn how to do their jobs from home. Two years later, employers and workers are still adapting to a new normal and trying to figure out what the future

By Matt Egan, CNN Business Governments around the world must consider drastic steps to slash oil demand in the face of an emerging global energy crisis caused by Russia’s invasion of Ukraine, the International Energy Agency warned on Friday. The energy watchdog detailed a 10-point emergency plan that includes reducing speed limits on highways by

By Nathaniel Meyersohn, CNN Business Let the battle over $1 prices begin. Last year, Dollar Tree announced it was walking away from $1 prices and raising prices on most products to $1.25. With Dollar Tree abandoning $1 prices, its main rival Dollar General sees an opportunity to draw away some customers. Dollar General is advertising

By Anna Bahney, CNN Business Home prices rose 15% to a median price of $357,300 in February from last year, as inventory stubbornly stayed near record lows, according to a report from the National Association of Realtors. But even as home prices continued to climb, sales slowed. Sales of existing homes — which include single-family

Opinion by Karin Kimbrough for CNN Business Perspectives As the latest jobs numbers continue to show a resurging labor market, women have seen an uneven and slower recovery. While men have already recouped their pandemic job losses, there are still about 1.1 million women missing from the labor force. Women of color, in particular, are