Money

By Parija Kavilanz, CNN Business The price of premium perfumes recently soared by levels typically never seen for luxury fragrances. But don’t blame rising inflation — the reasons have more to do with consumer behavior in times of stress and uncertainty. The average retail price for fragrances rose by 15% in 2021 compared to 2020,

By Laura He, CNN Business China has set its lowest official target for economic growth in three decades. Speaking during one of China’s most important political gatherings of the year, Premier Li Keqiang said that China would target GDP growth of about 5.5% this year. The world’s second biggest economy grew 8.1% in 2021, but

By Peter Valdes-Dapena, CNN Business A Toyota sold at a Florida collector car auction Friday for $2.5 million. As you might guess, this was not your standard Rav4 Hybrid. (Yes, car prices have gone up a lot, but not that much.) This particular Toyota was, genuinely, the rarest of the rare. It was a Toyota

Opinion by Mark Zandi for CNN Business Perspectives Painfully high inflation has become the nation’s number one economic problem, ignited by the pandemic, and set to get worse as Russia’s invasion of Ukraine sends gasoline prices higher. In his State of the Union address, President Biden proposed several steps to address the inflation problem, and

By Jeanne Sahadi, CNN Business With Russia’s internationally condemned invasion of Ukraine, one thing is certain: No one knows exactly how things will play out. So far that disturbing uncertainty hasn’t sent markets into a sustained tailspin. US stocks took a hit the week of the invasion, but have since recovered some of those losses.

By Frank Pallotta, CNN Business Brandon Sanderson, the prolific fantasy author, broke the record for the most-funded Kickstarter recipient by bringing in more than $20.3 million on the platform since March 1. Sanderson created the Cosmere universe in which multiple stories like the “Mistborn” series take place. He originally sought $1 million in 30 days

By Frank Pallotta, CNN Business “The Batman” opens this weekend and theaters are hoping this blockbuster film will help the industry nudge closer toward normalcy. The film stars Robert Pattinson as the Caped Crusader. It is projected to bring in roughly $100 million for its opening weekend in North America. That would be one of

By Nathaniel Meyersohn, CNN Business The conditions described by the US Food and Drug Administration at a Family Dollar warehouse in West Memphis, Arkansas, were skin-crawling. “Live rodents, dead rodents in various states of decay, rodent feces and urine, evidence of gnawing, nesting and rodent odors throughout the facility, dead birds and bird droppings.” Foul