Money

By Jeanne Sahadi, CNN Business If you’re in the US military, there are many potential financial benefits available to you and your family — even if you serve for just four years. For instance, there’s some tax-free compensation, generous educational benefits, zero-to-low-cost health care, housing allowances and a host of free services on base. But

By Matt Egan, CNN Business Former President Donald Trump has blasted the bipartisan infrastructure legislation recently passed by Congress as a “Non-Infrastructure” bill. Trump, long an advocate for infrastructure spending, put out a statement last weekend claiming that just 11% of the $1.2 trillion package is going toward “real” infrastructure. The former president, who repeatedly

By Walé Azeez, CNN Business UK GDP growth slowed between July and September, leaving the economy still around 2% smaller than it was before the pandemic and trailing the recovery in other G7 nations. The UK economy, struggling with supply chain disruptions and high energy prices, expanded by 1.3% in the quarter, down from growth

By Julia Horowitz and Vasco Cotovio, CNN Business Ever had a persistent boss who won’t stop messaging you once you’ve left work or logged off? In Portugal, that behavior is now illegal. The country recently introduced a law that bans employers from contacting workers outside of their regular hours by phone, message or email. “The

By Paul R. La Monica, CNN Business Chinese consumers were hunting for bargains on Singles Day, the online shopping extravaganza that takes place every November 11 which was originally launched by e-commerce giant Alibaba. But investors have been betting that Alibaba’s top rival JD.com might be an even bigger Singles Day winner. Shares of JD.com

By Julia Horowitz, CNN Business Prices for American consumers are rising at the fastest rate in three decades, setting the stage for a standoff between the White House and the Federal Reserve as concerns grow about the political ramifications of inflation. What’s happening: Investors, economists and policymakers were rattled Wednesday by the news that annual

By Michelle Toh, CNN Business Tencent’s growth has slowed significantly as a widening regulatory crackdown in China weighs on its business, particularly its once-booming gaming division. In its first earnings report since China imposed new restrictions on how long minors can play online video games, the company posted a big dip in usage and billings

By Frank Pallotta, CNN Business Disney’s streaming service continues to grow — just not as strong as investors on Wall Street were hoping. The streaming service now has 118.1 million subscribers. That’s higher than the 116 million the company reported in August, but a softer-than-expected result that sent shares down as much as 4.5% in

By Nathaniel Meyersohn, CNN Business You’ve probably realized that shopping for food and household basics is more expensive these days. Expect to keep paying more for groceries in 2022. Prices shoppers paid for groceries climbed 1% in October from September and were 5.4% higher than at the same time last year, according to data released

By Anna Bahney, CNN Business Credit card interest rates have moved swiftly higher this year, significantly increasing the cost burden on those who carry a balance. Over the past two quarters the average annual percentage rate has grown from 15.91% to 17.13%, leaving the current rate just a tick under the all-time record high of