Money

By Nicole Goodkind, CNN Business To badly misquote John Lennon: Everybody’s talking about inflation, stagflation, capitulation, globalization, stagnation, this-ation, that-ation, -ation, -ation, -ation. All we are saying is please make it end. Americans view inflation, which is near 40-year highs, as the top problem facing the country today by a very wide margin. No other

CNN By Frank Pallotta, CNN Business “Saturday Night Live” closed out its 47th season by saying goodbye to two of its most beloved cast members. On Saturday night’s episode, the NBC variety show bid adieu to Kate McKinnon and Pete Davidson in subtle, but emotional ways. The show first said goodbye to McKinnon by opening

By Julia Horowitz, CNN Business The last time top politicians, CEOs and billionaires gathered in a Swiss mountain village to discuss society’s biggest problems and pitch their solutions, the coronavirus outbreak in China was little more than a remote threat. The economy was humming, and a major armed conflict in Europe was on nobody’s list

By Frank Pallotta, CNN Business “Saturday Night Live” closed out its 47th season by saying goodbye to two of its most beloved cast members. On Saturday night’s episode, the NBC variety show bid adieu to Kate McKinnon and Pete Davidson in subtle, but emotional ways. The show first said goodbye to McKinnon by opening the

CNN By Danielle Wiener-Bronner, CNN Business Believe it or not, people still order takeout using the phone. Applebee’s doesn’t want to take those calls anymore. It wants to outsource those orders to call centers, where a person or automated system will take your orders and also try to upsell you a little. More than half

By Danielle Wiener-Bronner, CNN Business Believe it or not, people still order takeout using the phone. Applebee’s doesn’t want to take those calls anymore. It wants to outsource those orders to call centers, where a person or automated system will take your orders and also try to upsell you a little. More than half of

By Gabe Cohen, CNN Business Nicosha Jones spent nearly a year trying to buy her first home. Jones, 48, planned to build equity by buying a home in the South Phoenix neighborhood where she grew up. Instead, she’s on the sidelines, facing skyrocketing rent and struggling to restart the process of looking for a place

CNN By Anna Bahney, CNN Business The double punch of high home prices and rising mortgage rates took a toll on sales of newly constructed homes in April. New home sales fell by 16.6% in April from March and were down 26.9% from a year ago, according to a joint report from the US Department

Opinion by Børge Brende for CNN Business Perspectives The war in Ukraine, a challenging economic outlook, rising global temperatures and a once-in-a-century pandemic: These are more than a series of distinct crises. They amount to what appears to be the onset of a new global era — one that many fear will be defined by

By Nathaniel Meyersohn, CNN Business It’s happened to just about everyone who’s bored in line waiting to check out at a store: You spot a candy bar, a pack of gum or a soft drink. Unable to resist, you throw it in your cart. This scene, repeated countless times every day at grocery and convenience

CNN, CNN BUSINESS By Paul R. La Monica, CNN Business Investors took a break from selling in May and going away, for one day at least. Stocks soared Monday, as positive news about earnings from banking powerhouse JPMorgan Chase and comments from President Joe Biden about the possibility of lifting some US tariffs on China

CNN By Kathryn Vasel, CNN Business When it comes to salary negotiations, job candidates have a lot of leverage these days. “There are a number of economic factors that are relevant for thinking about salary negotiations right now,” said Linda Babcock, an economics professor at Carnegie Mellon University. Along with rising inflation, the nationwide labor

By Nicole Goodkind, CNN Business The S&P 500 briefly fell into bear market territory Friday, slipping more than 20% from its record high and potentially ending the bull run that began in March 2020. A reversal late in the day pushed the index higher at the market’s close and saved it from reaching an official