Money

CNN, CNNBUSINESS By Anneken Tappe, CNN Business Wall Street had another day in the red at the start of this shortened trading week as investors grapple with earnings seasons and rising Treasury bond yields. All three major indexes spent the entire day sharply lower. The Dow closed 1.5%, or some 540 points, lower, after falling

By Frank Pallotta, CNN Business The National Football League bounced back to ratings dominance following a 2020 season that was disrupted by the pandemic — showing once again that pro football is still the biggest audience draw on television. The league’s viewership for the 2021 regular season was up roughly 10% overall from the year

By Peter Valdes-Dapena, CNN Business Stellantis, the company formed last year through the merger of Fiat Chrysler Automobiles and France’s PSA Group, has some catching up to do when it comes to comes to electric cars. Chief executive Carlos Tavares said he knows that, of course, but being first isn’t everything. Tavares is approaching his

By Anneken Tappe, CNN Business A key inflation measure climbed to a record high in 2021, as pandemic price hikes just aren’t going away. The US producer price index, which tracks what America’s producers get paid for their goods and services on average over time, rose 9.7% last year, not adjusted for seasonal swings. It

By Julia Horowitz, CNN Business For companies that want to take advantage of historically-low borrowing costs, the clock is ticking. What’s happening: In the early days of the year, corporations have been racing to issue debt. Their aim is to tap the market before the Federal Reserve starts hiking interest rates, which have been near

CNN, CNNBUSINESS By Julia Horowitz, CNN Business For companies that want to take advantage of historically-low borrowing costs, the clock is ticking. What’s happening: In the early days of the year, corporations have been racing to issue debt. Their aim is to tap the market before the Federal Reserve starts hiking interest rates, which have

By Charles Riley, CNN Business Volkswagen is falling further behind Tesla in the race to dominate the market for electric cars. Europe’s largest carmaker said Wednesday that it delivered 452,900 battery electric cars to customers in 2021, nearly double its total from the previous year. But that wasn’t enough to keep pace with Tesla, which

By Nathaniel Meyersohn, CNN Business Sam Dancy has witnessed it all during his 30 years at supermarket chain QFC in Seattle. But the Omicron variant is pushing him to the brink. Dancy is a front-end supervisor overseeing the store’s cash registers, self-checkout kiosks, customer service and liquor departments. In late December he worked 11 straight

By Chris Isidore, CNN Business A strong holiday travel season helped Delta Air Lines to a better-than-forecast profit in the last three months of 2021. But it expects to lose money again in the current quarter as Covid infections surge. Still, the airline offered a hopeful message, saying it expects the impact of Omicron on

CNN, KOMO, WJLA, WUSA, KMAX, WSVN, KYW, WCCO By Parija Kavilanz, CNN Business Grocery stores had already been struggling to keep their shelves stocked because of supply chain delays and Omicron sickening workers. Now, markets across America are bracing for a major winter storm that could keep store shelves empty even longer. A significant winter

By Parija Kavilanz, CNN Business N95 respirators, the gold standard of filtration masks, are back in the pandemic spotlight because of the highly contagious Omicron Covid-19 variant. Unlike earlier in the pandemic, N95s are now widely available — but the top N95 manufacturer cautioned parents who are considering buying them for their children. 3M, a

By Michelle Toh and CNN’s Beijing bureau, CNN Business KFC is being accused of causing food waste in China amid recent concerns about food security. The fast food chain came under fire Wednesday from Chinese state media and a national consumer watchdog overseen by the government. They take issue with the company’s new promotion, which

CNN By Anneken Tappe, CNN Business Pandemic price hikes didn’t let up in the last month of 2021: A key inflation gauge hit a fresh a 39-year high. The US consumer price inflation index rose 7% over the past year before seasonal adjustments, the steepest climb in prices since June 1982, the Bureau of Labor

By Paul R. La Monica, CNN Business There’s no denying it: Inflation is here. Consumer prices surged 7% over the past year. Housing prices have continued to soar, too. But the question on the minds of many economists and Wall Street strategists is whether something even worse could be in the cards: prices rising as

By Danielle Wiener-Bronner, CNN Business Good news: After rising for months, meat prices are finally falling at the grocery store. Bad news: Many other staples are getting more expensive. Prices for meat, poultry, fish and eggs fell 0.4% from November to December, according to seasonally adjusted data from the Bureau of Labor Statistics. Within that

By Jordan Valinsky, CNN Business Getting your dish soap out of the bottle might not be on your top 10 list of daily annoyances. But Procter & Gamble is making it easier anyway. Dawn, the top-selling dish soap brand, has unveiled a redesigned bottle with “patented no-flip cap technology.” That means the bottle stands, upside-down,

CNN, CNNBUSINESS By Anneken Tappe, CNN Business Pandemic price hikes didn’t let up in the last month of 2021: A key inflation gauge hit a fresh a 39-year high. The US consumer price inflation index rose 7% over the past year before seasonal adjustments, the steepest climb in prices since June 1982, the Bureau of

By Paul R. La Monica, CNN Business Fees for bounced checks or lacking enough money in your account are quickly becoming a thing of the past. Wells Fargo announced changes to its overdraft policy Tuesday, saying that it will give customers earlier access to direct deposits, a 24-hour grace period before incurring any overdraft fees