Money

By Brian Stelter, CNN Business The obituaries for the shooting victims of Robb Elementary took up three full pages in the Uvalde Leader-News on Thursday. The rest of the paper contains haunting questions about why they died. The newest edition of the paper makes clear that many Uvalde-area officials are steadfastly declining to comment, even

By Oliver Darcy, CNN Business Three companies tied to the far-right conspiracy theorist Alex Jones, including the fringe media organization Infowars, are moving to exit bankruptcy, according to a Wednesday court document. In a widely decried move, Infowars, Prison Planet, and Infowars Health sought bankruptcy protection after Jones was found legally responsible for damages in

By Chris Isidore, CNN Business Soaring gas prices have done little to slow US drivers’ purchases at the pump. But they could start to spend less on other goods and services, which would be a strong headwind for an increasingly shaky US economy, experts say. In the week ending this past Saturday, there was a

By Jordan Valinsky, CNN Business LeBron James is a billionaire, marking the first time an active NBA player has achieved that milestone, according to one calculation. Forbes said that the Los Angeles Lakers star has “maximized his business,” generating more than $1.2 billion in pretax earnings. His NBA salary from three different teams during the

By Danielle Wiener-Bronner, CNN Business Last week, activist investor Nelson Peltz said in a regulatory filing that Trian Partners, his investment firm and Wendy’s top shareholder, is exploring a takeover of the burger chain. The wealthy investor has a reputation on Wall Street as a corporate raider, pushing companies to make drastic changes, such as

By Peter Valdes-Dapena, CNN Business Ford announced a new $3.7 billion investment Thursday across three mid-western states to build a new yet-to-be-revealed Mustang and to ramp up production of trucks and vans, including new electric models. The Michigan-based automaker will invest $2 billion in its home state, an investment that will create 2,000 new jobs,

Opinion by Mike Zaffaroni for CNN Business Perspectives The last time the American economy experienced explosive inflation, my company, Liberty Landscape Supply, wasn’t even in business yet. In fact, the prices for many of our core products have remained the same since I bought the company in 2007. But now we are preparing for the

By Anna Bahney, CNN Business Mortgage rates fell slightly this week, marking the third consecutive week of declines. But with rates hovering above 5% and home prices well above where they were this time last year, prospective buyers are finding it increasingly difficult to afford a home. The 30-year, fixed-rate mortgage averaged 5.09% in the

By Matt Egan, CNN Business The world is grappling with gravity-defying energy price spikes on everything from gasoline and natural gas to coal. Some fear this may just be the beginning. Current and former energy officials tell CNN they worry that Russia’s invasion of Ukraine in the wake of years of underinvestment in the energy

By Kathryn Vasel, CNN Business You’ve just volunteered to help show a new colleague the ropes. But now you’re trying to figure out when you can actually make the time to fit it all in. This happens a lot — especially to women. Managers often ask for volunteers or in some cases, assign workers to

By Julia Horowitz, CNN Business The CEO of the biggest US bank estimates that Americans are still sitting on $2 trillion in pandemic-era savings that can power the economy even as inflation bites. But what happens once that stash of cash is diminished? What’s happening: Consumers in the United States should maintain healthy spending patterns