Columbia transportation providers and residents looking for ways to save on gas
Gas and diesel prices continue to rise across the country, with every state averaging a minimum of $4 a gallon as of mid-May.
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Tesla stock is about to get much cheaper
By David Goldman, CNN Business Tesla shares are about to get three times less expensive. The company announced Friday that its board approved a 3-for-1 stock split, its first split since August 2020.The split would need to be approved by shareholders at the company’s annual meeting in August. Tesla closed Friday at a little over
Continue Reading January 6 prime-time hearing watched by more than 20 million
By Brian Stelter, CNN Business More than 20 million TV viewers tuned in to Thursday’s prime-time presentation about the January 6 attack, and it reached a far larger number through all manner of social and old-school media. According to early Nielsen estimates, nine of the channels that carried the hearing averaged a combined 19 million
Continue Reading January 6 prime-time hearing watched by more than 20 million
By Brian Stelter, CNN Business More than 20 million TV viewers tuned in to Thursday’s prime-time presentation about the January 6 attack, and it reached a far larger number through all manner of social and old-school media. According to early Nielsen estimates, nine of the channels that carried the hearing averaged a combined 19 million
Continue Reading GM and Lockheed are expanding their moon buggy into a whole lunar lineup
By Peter Valdes-Dapena, CNN Business General Motors and Lockheed announced last year they were teaming up to work on a new lunar rover that would carry astronauts and their gear on the moon. Now the companies say they could develop a whole lineup of vehicles for work on the moon and that these could be
Continue Reading GM and Lockheed are expanding their moon buggy into a whole lunar lineup
By Peter Valdes-Dapena, CNN Business General Motors and Lockheed announced last year they were teaming up to work on a new lunar rover that would carry astronauts and their gear on the moon. Now the companies say they could develop a whole lineup of vehicles for work on the moon and that these could be
Continue Reading One way to reduce the hit of higher mortgage rates
By Anna Bahney, CNN Business Mortgage rates have risen faster this year than they have in decades. The average 30-year fixed-rate mortgage has been hovering above 5% for more than a month, taking a toll on prospective homebuyers. While many hopeful buyers have bowed out of the market for now, some are exploring what once
Continue Reading Biden ally pushes Big Oil surtax to eliminate ‘perverse’ incentives to price gouge
By Matt Egan, CNN Democratic Sen. Ron Wyden is drawing up a surtax on Big Oil that would seek to rein in the industry’s skyrocketing profits at a time when gasoline prices are at record highs. Wyden, an Oregon Democrat who chairs the Senate Finance Committee, is floating a 21% surtax on the excess profits
Continue Reading The Dow falls 880 points as inflation hits 40-year high
By Nicole Goodkind, CNN Business It’s been yet another week of losses for US markets after steep drops on Friday. The Dow plunged after a key inflation report missed estimates and showed a higher-than-anticipated increase in the price of consumer goods, closing down 880 points for the day, or 2.5%. The S&P 500 shed 2.7%
Continue Reading A tampon shortage is the latest nightmare for women
By Allison Morrow, CNN Business Supply chain problems and inflation have hit virtually all consumer goods, but women who menstruate are now facing an added strain as a shortage of period products hits the United States. Top retailers and manufacturers acknowledged the shortages this week, confirming complaints that have been circulating on social media for
Continue Reading A tampon shortage is the latest nightmare for women
By Allison Morrow, CNN Business Supply chain problems and inflation have hit virtually all consumer goods, but women who menstruate are now facing an added strain as a shortage of period products hits the United States. Top retailers and manufacturers acknowledged the shortages this week, confirming complaints that have been circulating on social media for
Continue Reading ‘Jurassic World: Dominion’ looks to roar at the box office with the help of the original cast
By Frank Pallotta, CNN Business An adventure 65 million years in the making comes to a conclusion this weekend when “Jurassic World: Dominion” stomps into theaters. The Universal film explores a world in which dinosaurs are not just running amok on a remote island, but all over Earth. That concept — alongside a brand that
Continue Reading Consumer sentiment plunges to record low amid surging inflation
By Alicia Wallace, CNN Business Consumer sentiment slumped to a record low between May and June, according to preliminary survey data released by the University of Michigan on Friday. Rising inflation continues to frustrate consumers, who are growing tired of shelling out more money — and they are becoming increasingly despondent in the process. Record
Continue Reading Tech wreck: Goldman Sachs cuts Netflix, Roblox and eBay to ‘sell’
By Paul R. La Monica, CNN Business Tech stocks have been obliterated this year. The Nasdaq is down more than 26%, putting that index in a bear market. Unfortunately for investors, analysts at Goldman Sachs see more pain ahead for some (but not all) tech heavyweights. Goldman Sachs analysts downgraded shares of Netflix, eBay and
Continue Reading Exclusive: A crypto-based dossier could help prove Russia committed war crimes
By Julia Horowitz, CNN Business In early March, a Telegram user posted a photo of wreckage at a school in a suburb of Kharkiv, Ukraine. The photo showed the side of a classroom with a large blast hole and a pile of debris including desks and chairs. International law prohibits intentional attacks on educational facilities.
Continue Reading Inflation rises at fastest pace in 40 years, pushed up by record gas prices
By Chris Isidore, CNN Business The pain of higher prices continues for US consumers. Record gas prices drove inflation to 8.6% for the 12 months ending in May, higher than the pace in April, according to the latest Consumer Price Index, the government’s basic inflation measure. The reading for core CPI, which strips out volatile
Continue Reading Why the average gas price is at $4.99 a gallon and how high it’ll go
By Chris Isidore, CNN Business Next stop, $5. The US average for the price of a gallon of regular gas hit $4.99 according to the most recent reading from AAA Friday. It marked the 14th straight day, and the 31st time in the last 32 that gas has set a record in America. Gas prices
Continue Reading Pay attention to this number in today’s US inflation report
By Julia Horowitz, CNN Business The latest data on consumer prices in the United States showed that annual inflation unexpectedly rose to a 40-year high in May, underscoring concerns about household finances and piling pressure on political leaders who say they’re doing everything they can to address the problem. What’s happening: The Consumer Price Index
Continue Reading Pay attention to this number in today’s US inflation report
By Julia Horowitz, CNN Business The latest data on consumer prices in the United States showed that annual inflation unexpectedly rose to a 40-year high in May, underscoring concerns about household finances and piling pressure on political leaders who say they’re doing everything they can to address the problem. What’s happening: The Consumer Price Index
Continue Reading The Washington Post fires reporter Felicia Sonmez after a week of feuding publicly with her colleagues
By Oliver Darcy, CNN Business The Washington Post on Thursday fired Felicia Sonmez, the reporter who has been extraordinarily critical of her colleagues and the newspaper’s leadership over the last several days, two people familiar with the matter told CNN on Thursday. The Post’s termination notice, a copy of which was seen by CNN, said
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