Money

By Ramishah Maruf, CNN Business Martin Luther King, Jr. Day on Monday, Jan. 17, is a national holiday — which means some institutions and businesses may be closed. The national holiday observes the birthday of civil rights leader Reverend Martin Luther King Jr.,who won the Nobel Peace Prize in 1964. He was assassinated four years

By Allison Morrow, CNN Business Do you think inflation is going to moderate over the next year or remain elevated? The answer may depend in part on how you vote. Democrats and Republicans have wildly different expectations for inflation in 2022. Republicans expect prices to rise about 7% over the next year — more than

By Frank Pallotta, CNN Business “We’re in the middle of a cold, dark winter,” James Austin Johnson as President Joe Biden said kicking off this weekend’s “Saturday Night Live.” “This winter is so dark, Republicans don’t think it should vote.” Johnson’s Biden then explained this virus has disrupted our lives, the holidays, gender reveal parties

By Ramishah Maruf, CNN Business Airlines have so far canceled 2,800 flights Sunday as a powerful winter storm packing rain, sleet and snow is poised to hit the East Coast on the holiday weekend. Almost 95% of the flights out of Charlotte Douglas International Airport in North Carolina, an American Airlines hub, are canceled, according

By Frank Pallotta, CNN Business Last year was a dress rehearsal for the future of movie theaters. This year will show if movies theaters are back for real. After a terrible 2020 that ravaged the movie theater industry, cineplexes turned on their projectors in 2021 for big hits like “Shang-Chi and the Legend of the

By Parija Kavilanz, CNN Business Grocery stores had already been struggling to keep their shelves stocked because of supply chain delays and Omicron sickening workers. Now, markets across America are bracing for a major winter storm that could keep store shelves empty even longer. A significant winter storm headed toward the Midwest, South and East

By Anneken Tappe, CNN Business Americans have watched prices spike during the pandemic. By the end of 2021, one inflation measure was near a four-decade high while another hit two records in a row. We know the causes: worker and product shortages have resulted in pandemic-era price hikes for such goods such as used cars,

By Oliver Darcy and Brian Stelter, CNN Business One America News, the right-wing conspiracy channel favored by former President Donald Trump, will be dropped later this year by DirecTV, a spokesperson for the television carrier said Friday evening. The move will deal a significant blow to the fringe outlet. Not only will OAN be removed

By Sonia Moghe, CNN A federal judge ruled Friday former pharmaceutical executive Martin Shkreli should be barred “for life” from participating in the pharmaceutical industry and ordered him to pay nearly $65 million in fines to seven states. The decision by US District Judge Denise Cote Friday was part of a civil case brought by

By Ramishah Maruf, CNN Business A large British energy firm apologized to its customers Friday after sending them socks advising them to turn the heat down in the midst of the country’s energy crisis. E.ON Next sent socks to about 30,000 households with a tag attached to them that said lowering their heat would reduce

By Matt McFarland and Cheri Mossburg, CNN Photos and videos showing piles of empty boxes littered alongside rail tracks in Los Angeles County, California have gone viral as shipping companies say they’ve seen a dramatic spike in railroad theft. Some of the boxes are packages from companies like UPS, Amazon and FedEx. Union Pacific, one

By Pete Muntean, CNN FedEx wants to operate cargo planes outfitted with lasers that throw off incoming heat-seeking missiles, according to a newly published federal documents. In a filing Friday, the Federal Aviation Administration indicated FedEx had asked permission to add the missile-defense system. The agency said that the “FedEx missile-defense system directs infrared laser

By Frank Pallotta, CNN Business Your Netflix bill is about to go up again. The streaming media company said Friday it is raising the prices on its plans in the United States and Canada. In the United States, the subscription price for the standard plan rose $1.50 to $15.49. The basic plan went up $1

By Paul R. La Monica, CNN Business Investors clearly didn’t want to go into the upcoming three-day weekend holding onto financial stocks. The Dow fell a little more than 200 points, led by a steep fall in shares of JPMorgan Chase and other big banks. The Dow closed 0.6% lower on Friday. The index is