Money

By Elisabeth Buchwald, CNN New York (CNN) — Inflation is in the hot seat heading into November’s election. But it’s not budging as fast as President Joe Biden would probably like. The Federal Reserve is tasked with bringing to its 2% target. So how close are we? It depends what metric you’re looking at. If

By Chris Isidore and Gregory Wallace, CNN New York (CNN) — Boeing reported a minor bounce back in sales in February after orders ground essentially to a halt in January following the Alaska Airlines door plug incident. The troubled aircraft maker reported 15 commercial jet orders in the month. That’s a rebound from just three

By Olesya Dmitracova, Chris Stern and Duarte Mendonca, CNN London/Berlin (CNN) — Production at Tesla’s factory near Berlin is gradually resuming after the plant was reconnected to the power grid late on Monday following a week-long closure caused by an arson attack. “The lights are back on,” German energy network E.DIS told CNN late on

By Alicia Wallace, CNN New York (CNN) — Higher prices at the gas pump pushed up inflation more than expected in February, according to the latest Consumer Price Index from the Bureau of Labor Statistics. However, inflation did slow in other key areas like food and housing, fueling a touch of positive news for the

By Jordan Valinsky, CNN New York (CNN) — Multiple Taco Bell locations in Oakland have closed their dining rooms because of safety concerns in the California city, which has been struggling with rising crime affecting businesses both big and small. Taco Bell said in a statement that “providing a safe environment for team members and

By Jordan Valinsky, CNN New York (CNN) — Stella Artois, the nearly century-old brew, isn’t immune to the difficulties facing beer sales, so it’s drafting one of the world’s most recognizable personalities to help the lager return to its former glory: David Beckham. On Tuesday, the Anheuser-Busch InBev-owned brand introduced the former soccer superstar as

By Jeanne Sahadi, CNN New York (CNN) — March 12 marks Equal Pay Day in the United States, a symbolic date representing the number of days women have to work into the current year just to make the same amount of money men made in the prior one. Put another way, to make 12 months’

By Laura He, CNN Hong Kong (CNN) — Chinese banks are reportedly scrambling to bail out one of the country’s biggest property developers after its credit rating was downgraded to “junk” status by Moody’s on Monday. Beijing has been struggling to restore confidence in the country’s ailing real estate industry and appears to be working

CNN By Parija Kavilanz, CNN New York (CNN) — Tweens are obsessed with skincare. Their curiosity for all kinds of creams, gels, face masks and facial peels has even earned them a viral moniker: “Sephora Kids.” “The Sephora Kid trend is a real phenomenon,” said Dr. Lauren Penzi, a New York-based dermatologist. And skincare experts

By Parija Kavilanz, CNN New York (CNN) — Tweens are obsessed with skincare. Their curiosity for all kinds of creams, gels, face masks and facial peels has even earned them a viral moniker: “Sephora Kids.” “The Sephora Kid trend is a real phenomenon,” said Dr. Lauren Penzi, a New York-based dermatologist. And skincare experts are

By Peter Valdes-Dapena, CNN (CNN) — The Insurance Institute for Highway Safety, which rates cars and SUVs for safety, examined so-called advanced driver assistance systems such as Tesla Autopilot and found them wanting. These systems combine different sensors and technologies to help a driver keep their vehicle in its lane and avoid hitting other vehicles

By Clare Duffy, CNN New York (CNN) — OpenAI in a court filing Monday said it was doing just fine without Elon Musk after he left the company in 2018 — and now Musk wants to claim all OpenAI‘s enormous success over the past six years for himself. OpenAI came out swinging in a new legal

By Matt Egan, CNN New York (CNN) — The president and board chairs of Columbia University have agreed to testify next month at a Congressional hearing on campus antisemitism. The House Education and Workforce Committee announced Monday it will hold a hearing on April 17 featuring Columbia President Minouche Shafik and the two co-chairs of

By Marshall Cohen, CNN (CNN) — An alleged bribery scheme in the Philippines has thrown a potential lifeline to Fox News and other right-wing media outlets that are battling massive defamation lawsuits from the voting technology company Smartmatic for their promotion of 2020 election lies. The overseas scandal washed ashore last year when the Justice Department charged the Philippines’ former election commissioner

By Clare Duffy, CNN New York (CNN) — Reddit on Monday said it expects to price shares between $31 and $34 each when it makes its long-anticipated initial public offering, which will make it the first social media company to go public in years. The announcement gives potential investors — including some Reddit users —

By Liam Reilly, CNN (CNN) — Deadspin, the irreverent sports and news site best known for its commentary and analysis, laid off all of its staff on Monday after the outlet was sold to a startup firm. In a memo to staffers, Jim Spanfeller — the chief executive of G/O Media, Deadspin’s parent company prior to the sale — wrote that

By Brian Fung and Samantha Murphy Kelly, CNN (CNN) — An edited photograph of Catherine, Princess of Wales, and her family that several news agencies have since pulled for evidence of manipulation raises a thorny question: In an age when digital editing tools are more widespread and easier than ever to use, what even is

By Matt Egan, CNN New York (CNN) — Facebook once again finds itself in the crosshairs of former President Donald Trump. And that’s making some traders on Wall Street nervous. Meta Platforms (META), the owner of Facebook and one of the stars of the recent market rally, fell about 4% on Monday after Trump called

By Clare Duffy, CNN New York (CNN) — The always-online generation may be starting to unplug a bit. Around 40% of teenagers say they have cut back on their time on social media, according to a report published Monday by the Pew Research Center. Nearly the same proportion of teens acknowledge that they spend “too