Money

By Parija Kavilanz, CNN Business As a recent wave of mob-led store robberies has put retailers, mall operators and communities on edge, one popular shopping center is keeping an unusual security measure in place through the holiday season. The Grove, a famous open-air shopping complex in Los Angeles, has added a high coil fence barrier

By Paul R. La Monica, CNN Business Oil prices began 2021 just under $50 a barrel. They are now trading just north of $70 and in October reached $85 -— a seven-year high. So it should come as no surprise that energy stocks are among the market’s biggest winners this year. Oil and natural gas

By Oliver Darcy, CNN Business Sony Pictures Television said Monday that “The Dr. Oz Show” will end in its thirteenth season on January 14, 2022. Sony said that “The Good Dish,” a show co-hosted by Oz’s daughter that focuses on nutrition and recipes, will replace the long-running medical show. The announcement comes as the show’s

By Jeanne Sahadi, CNN Business This month may be the last chance for high-income savers to take full advantage of the ‘backdoor’ Roth. If the Build Back Better bill, passed by the House in November and now under consideration by the Senate, becomes law, it could limit high-income savers’ options to convert their savings into

Zeena Saifi, Eoin McSweeney Some of the world’s richest men are squaring off in what’s become a rivalry for the ages — the space race. Elon Musk and Jeff Bezos, the two richest men on the planet and the CEOs of SpaceX and Blue Origin, respectively, have grand designs on the cosmos. They predict a

By Chris Isidore, CNN Business It seems like a good time for General Motors to pull the plug on the Bolt, the only electric vehicle currently in its North American vehicle lineup. GM, which is spending tens of billions of dollars to switch its lineup to electric vehicles in the coming decades, has essentially stopped

By Nathaniel Meyersohn, CNN Business Many of America’s leading discount chains have sat out the online shopping boom. Not anymore. Dollar General, Dollar Tree, Family Dollar (owned by Dollar Tree), Five Below and Grocery Outlet have all started offering delivery from stores over the past year. They are tapping delivery companies, such as Instacart and

By Peter Valdes-Dapena, CNN Business Some brand new car companies are hitting huge home runs with groundbreaking new vehicles, according to the staff at MotorTrend. The Rivian R1T has just been awarded the 2022 MotorTrend Truck of the Year Award just a month after the Lucid Air won the Car of the Year award. In

Opinion by Dana M. Peterson for CNN Business Perspectives Inflation now tops the list of complaints among US consumers. Prices for everything, from necessities like food, energy and shelter, to luxury goods like autos and vacations, continue to climb. Amid this worsening challenge, Americans are looking for some relief. In November, the consumer price index