Money

By Alisha Ebrahimji and Amanda Jackson, CNN Russ Melchert and his wife flew from Kansas City, Missouri, to Dallas on Friday to watch his alma mater’s football team play the next day at the Cotton Bowl. Melchert was set to return home at 12:35 p.m. Sunday from Dallas Love Field airport on a Southwest Airlines

By Matt Egan, CNN Business The cost of energy was dirt cheap in the spring of 2020 as roads and airports sat nearly empty during the height of the Covid-19 pandemic. Energy demand is back today as the world economy reopens — but supply simply hasn’t kept up. That’s why US oil prices have skyrocketed

By Ramishah Maruf, CNN Business Elon Musk’s personal wealth is now $222 billion, widening his gap as the richest person in the world according to Bloomberg’s Billionaires Index. Musk’s personal wealth skyrocketed an extra $10.6 billion after a secondary share sale by investors, announced last week, valued SpaceX over $100 billion, CNBC reported. Jeff Bezos,

By Walé Azeez, CNN Business British companies that produce steel, paper, glass, cement, ceramics and chemicals say they will be forced to close factories or pass on rising costs to consumers unless the UK government provides relief from soaring energy prices. The industries, which are major users of natural gas and electricity, are reeling from

By Jeanne Sahadi, CNN Business If you don’t have a four-year college degree, you’re hardly alone. The majority of US working age adults do not. You may assume you have little chance of developing a well-paying career with benefits and growth potential at a Fortune 500 company. After all, so many jobs require a Bachelor’s

Opinion by Hester M. Peirce for CNN Business Perspectives As a commissioner at the Securities and Exchange Commission, an important part of my job is protecting investors from the fraudsters who can cause them so much harm. Although swindlers often change their pitch to reflect the day’s most popular trends — cannabis, crypto and clean

By Jordan Valinsky, CNN Business Hasbro CEO Brian Goldner is taking medical leave of absence from his role effective immediately, the company announced. In a press release, Hasbro said Goldner is “undergoing continued medical care” following an August 2020 disclosure that he was seeking treatment for cancer in 2014. He has been the toymaker’s CEO

By Ramishah Maruf, CNN Business It’s been a tough week for Facebook. Whistleblower Frances Haugen testified to Congress that the company is aware that its platforms are used to spread hate and misinformation but has failed to take action to prevent it. The social media giant and several of its services were also hit with

By Ramishah Maruf, CNN Business The long weekend got a bit longer for Southwest customers after the airline canceled more than 2,000 flights Friday through Sunday. The world’s largest low-cost carrier canceled three of every 10 departures it had scheduled on Sunday and the disruption continued into Monday, a federal holiday, with 337 flights —