Money

By Nicole Goodkind, CNN Business It’s been yet another week of losses for US markets after steep drops on Friday. The Dow plunged after a key inflation report missed estimates and showed a higher-than-anticipated increase in the price of consumer goods, closing down 880 points for the day, or 2.5%. The S&P 500 shed 2.7%

By Allison Morrow, CNN Business Supply chain problems and inflation have hit virtually all consumer goods, but women who menstruate are now facing an added strain as a shortage of period products hits the United States. Top retailers and manufacturers acknowledged the shortages this week, confirming complaints that have been circulating on social media for

By Frank Pallotta, CNN Business An adventure 65 million years in the making comes to a conclusion this weekend when “Jurassic World: Dominion” stomps into theaters. The Universal film explores a world in which dinosaurs are not just running amok on a remote island, but all over Earth. That concept — alongside a brand that

By Alicia Wallace, CNN Business Consumer sentiment slumped to a record low between May and June, according to preliminary survey data released by the University of Michigan on Friday. Rising inflation continues to frustrate consumers, who are growing tired of shelling out more money — and they are becoming increasingly despondent in the process. Record

By Paul R. La Monica, CNN Business Tech stocks have been obliterated this year. The Nasdaq is down more than 26%, putting that index in a bear market. Unfortunately for investors, analysts at Goldman Sachs see more pain ahead for some (but not all) tech heavyweights. Goldman Sachs analysts downgraded shares of Netflix, eBay and

By Nathaniel Meyersohn, CNN Business Online clothing retailer Stitch Fix will lay off 15% of its salaried staff — around 330 employees — amid slowing e-commerce growth across the retail sector. Stitch Fix, an online styling service launched in 2011, boomed a year ago but has struggled this year as more shoppers head to stores

By Gregory Wallace Federal investigators are expanding their probe of Teslas that have slammed into parked first responders’ vehicles. The National Highway Traffic Safety Administration said Thursday its investigation now encompasses 830,000 vehicles with similar driver assist technology. Investigators have reviewed approximately 200 Tesla crashes and are focusing on 16 crashes involving emergency or road

By Tami Luhby, CNN Americans’ wealth took a nosedive early this year as the stock market plummeted. The net worth of households and nonprofit organizations dropped $0.5 trillion to $149.3 trillion in the first quarter, according to Federal Reserve Bank data released Thursday. That’s a notable turnaround from the robust gains in wealth that began

By Oliver Darcy, CNN Business A New York State judge on Wednesday dismissed a lawsuit filed last year against Michael Corn, the former “Good Morning America” boss who was accused of sexual assault in a case that rocked ABC News and left staffers up in arms. Judge Barbara Jaffe ruled that the statute of limitations

Opinion by Mark Zandi for CNN Business Perspectives Consumer inflation figures for May will be out Friday, and the report is sure to be disquieting. Gasoline prices are seemingly breaking new record highs on almost a daily basis, food costs are soaring, and housing is becoming increasingly unaffordable. The persistence of high inflation in the