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CNN By Matt Egan, CNN Business Natural gas futures are climbing sharply ahead of a blizzard that will force millions of Americans to crank up the heat. If maintained, the rally will translate to higher home heating costs in the weeks to come, adding to the inflationary pressures hitting the US economy. Natural gas futures

CNN By Jordan Valinsky, CNN Business Airlines have canceled thousands of flights this weekend as a powerful winter storm packing strong winds and many inches of snow is set to envelop major cities on the East Coast. According to FlightAware, nearly 5,000 flights within, into or out of the United States were canceled through Saturday

CNN, WFRV By Anneken Tappe and Tami Luhby, CNN Business Americans’ paychecks continued to rise at the end of 2021. But along with that, so did prices. Compensation for American workers climbed 4% between December 2020 and December 2021, marking the biggest increase since the fourth quarter of 2001, according to the Bureau of Labor

Opinion by Brian Deese for CNN Business Perspectives The Covid-19 pandemic has laid bare the vulnerabilities in America’s domestic manufacturing base. The nation’s reliance on globally fragmented supply chains has led to shortages of everything from personal protective equipment to semiconductors to shipping containers. And these supply weaknesses have been a primary driver of elevated

By Jordan Valinsky, CNN Business Airlines have canceled thousands of flights this weekend as a powerful winter storm packing strong winds and many inches of snow is set to envelop major cities on the East Coast. According to FlightAware, nearly 5,000 flights within, into or out of the United States were canceled through Saturday and

By Anneken Tappe, CNN Business Worries over soaring prices and the Omicron variant of the coronavirus soured Americans’ views of the economy in January. US consumer sentiment in January fell nearly 5% to the lowest level since November 2011, the University of Michigan’s consumer sentiment survey showed Friday. Survey respondents felt worse about both the

By Anneken Tappe, CNN Business A key measure of inflation rose 5.8% between December 2020 and December 2021, the Bureau of Economic Analysis reported Friday. It was the biggest advance since 1982. Energy prices alone rose nearly 30% over the course of 2021, while food prices climbed 5.7%. Stripping out those two components, the core

By Anneken Tappe and Tami Luhby, CNN Business Americans’ paychecks continued to rise at the end of 2021. But along with that, so did prices. Compensation for American workers climbed 4% between December 2020 and December 2021, marking the biggest increase since the fourth quarter of 2001, according to the Bureau of Labor Statistics. Private

By Nathaniel Meyersohn, CNN Business Retail and restaurant work is notorious for irregular scheduling and last-minute changes — factors that can harm workers’ lives and the well-being of their families. Despite essential workers being hailed as heroes during the Covid-19 pandemic, and a historically tight labor market, schedule instability has improved little over the past

By Julia Horowitz, CNN Business Investors in stocks have balked at the Federal Reserve’s aggressive pivot as it takes a stand against inflation. But earnings from some of the biggest companies still look pretty solid. Does that mean the sell-off of tech and other high-growth companies is overdone? Apple: The iPhone maker, whose shares are

By Alicia Wallace, CNN Business Since losing one-third of its workforce at the outset of the pandemic, the child care industry has seen a jobs recovery that’s been slow and incomplete. And now it’s starting to backslide. After shedding 4,500 jobs from September through November, preliminary estimates from the US Bureau of Labor Statistics show

By Parija Kavilanz, CNN Business The unraveling of the global supply chain has been blamed on a multitude of factors — the pandemic, labor and raw material shortages, skyrocketing shipping prices and adverse weather events among them. Now, add one more to the list: a surge in factory fires. Supply chain disruptions last year jumped

By Jordan Valinsky, CNN Business Mountain Dew’s Baja Blast, the beloved tropical lime-flavored beverage that originated at Taco Bell, is being made boozy. Boston Beer Company, which partnered with Pepsi to make a spiked seltzer version of the soft drink, exclusively told CNN Business that it’s surprising fans with a new “HARD MTN DEW” flavor

By Anna Cooban, CNN Business UniCredit has dropped a potential bid for a Russian state-owned bank because of the escalating crisis over Ukraine. CEO Andrea Orcel confirmed reports that the Italian bank was considering acquiring Otkritie when it goes public, but has since abandoned the project due to the “geopolitical environment.” “We were indeed evaluating

By Kristin Fisher, CNN The International Space Station has transcended terrestrial political troubles between the United States and Russia for more than two decades. But some former NASA astronauts who spent months floating alongside Russian cosmonauts are worried the current crisis in Ukraine could end the US-Russian partnership in space. The ISS, which is a