Money

By Tami Luhby, CNN (CNN) — Hearing that big corporations are raking in hefty profits frustrates Nick Rosolino. As the owners of a small cleaning business in rural Maine, Rosolino and his wife are finding it increasingly difficult to break even after the prices for the products they use soared in recent years. While supply

By Matt Egan, CNN New York (CNN) — Prices at the pump are rising fast — and it’s not even spring. After bottoming at $3.07 a gallon in mid-January, the national average climbed to $3.40 a gallon on Friday, according to AAA. That’s a four-month high. The speedy price increase threatens to unwind progress on

By Jeanne Sahadi, CNN New York (CNN) — Whether it’s an unexpected car repair or an emergency room visit, life happens. And it’s expensive. For those without any kind of safety net, paying for unanticipated expenses can mean borrowing money at astronomical interest rates, as well as forking over late fees if you can’t make

By Laura He, CNN Hong Kong (CNN) — China’s consumer inflation turned positive for the first time in six months, largely supported by the Lunar New Year holiday, when a spending boom pushed up prices. The Consumer Price Index (CPI) increased by 0.7% in February from a year earlier, government data showed on Saturday, versus

By Philip Wang, CNN Washington, DC (CNN) — The US government on Sunday urged insurance companies to make advanced payments to health care providers following a cyberattack that disrupted insurance processing systems. The cyberattack had “significant impact” on Change Healthcare, a unit of health IT giant UnitedHealth Group, which processes 15 billion health care transactions

By Eva Rothenberg, CNN New York (CNN) — A Trader Joe’s canvas mini tote bag that costs about the same as a pack of gum is being resold online for nearly 200 times its retail price. The Trader Joe’s bags, available in blue, red, green and yellow, have taken social media by storm in the

By Eva Rothenberg, CNN New York (CNN) — The Body Shop has shut down all of its US-based operations and will be closing dozens of Canadian store locations as it files for bankruptcy. In a news release earlier this month, the UK-based cosmetics company announced that its US subsidiary is no longer operational, effective March

By Chris Boyette and Rebekah Riess, CNN (CNN) — Angela Chao, CEO of shipping company Foremost Group and sister of former US cabinet secretary Elaine Chao, died after her car became submerged in a pond on a Central Texas ranch last month, according to the Wall Street Journal and a report from Blanco County Emergency

By Chris Isidore, CNN New York (CNN) — Michael Stumo’s life changed forever on March 10, 2019. His daughter, Samya Rose Stumo, was killed that day when the Boeing 737 Max 8 she was on plunged into the ground just outside Addis Ababa, Ethiopia, six minutes after the plane took off. She was 24 years

By Elisabeth Buchwald, CNN New York (CNN) — When I set up an interview with Bruce Van Saun, head of Citizens Financial Group, the 14th largest bank in the US, for a piece that would mark the first anniversary of the collapse of Silicon Valley Bank I didn’t anticipate having such a fresh feeling of déjà

By Samantha Murphy Kelly, CNN (CNN) — When 24-year-old Heather Hines from Southern California was changing into her work clothes last month, she noticed the seven security cameras she owned from Wyze went offline for a short period of time, including the one in her bedroom. About 48 hours later, she received an email from

By Jordan Valinsky, CNN New York (CNN) — Why does actor Aaron Paul co-own a mezcal brand? The answer is quite simple: “I like drinking.” Along with his former “Breaking Bad” co-star turned best friend Bryan Cranston, the two co-founded Dos Hombres Mezcal in 2019 — joining the long list of celebrity-backed alcohol brands launched

By Sean Lyngaas, CNN (CNN) — For more than two weeks, a cyberattack has disrupted business at health care providers across the United States, forcing small clinics to scramble to stay in business and exposing the fragility of the billing system that underpins American health care. “We’re hemorrhaging money,” said Catherine Reinheimer, practice manager at the

By David Goldman and Poppy Harlow, CNN New York (CNN) — What an absolute roller coaster ride. OpenAI, the ChatGPT maker that has been in management upheaval for more than four months, announced that its co-founder and CEO Sam Altman would return to its board of directors as part of a reshaped oversight team. Altman’s return

By Clare Duffy, CNN New York (CNN) — When Raúl Torrez, then a young prosecutor in a rural New Mexico, was preparing one of his first child abuse cases, he went to his father for advice. Torrez expected his dad, a career prosecutor, to offer some tips about preparing evidence or addressing the jury. Instead,

By Brian Fung, CNN (CNN) — Apple has abruptly reversed a decision to ban Epic Games, the maker of “Fortnite,” from launching its own app store on iOS in Europe — just a day after European Union officials said they were investigating the matter. It’s the first major test of Europe’s new digital competition rules that

By Joshua Girsky and Clare Duffy, CNN New York (CNN) — Many companies had to manage employee discontent when calling them back to the office as risks from the Covid-19 pandemic eased. And now that they’re back, employers are having to address a new issue: some employees have forgotten how to behave in the office.

By Jeanne Sahadi, CNN New York (CNN) — For decades, not having a college degree has often been a barrier for workers seeking a higher-level, better-paying job. But more employers are now saying they’re willing to hire them. College degrees were used by companies as a proxy for skills and competence when evaluating potential hires

By Brian Fung, CNN Washington (CNN) — House lawmakers are moving with dizzying speed with a plan that could ban TikTok from the United States. In the span of two days this week, a key House committee introduced and approved a bill targeting TikTok. The full House is set to vote on it as early

By Anna Cooban, CNN London (CNN) — First, Novo Nordisk, the company behind Ozempic and Wegovy, outgrew its native Denmark. Now, it’s bigger than Tesla. Shares in the pharmaceutical giant rose jumped more than 8% Thursday, pushing its market capitalization to $609 billion, about $40 billion more than Tesla’s valuation. Investors rushed into Novo Nordisk’s