CNN-Business-Consumer

By Ramishah Maruf, CNN Everyone is feeling pain at the pump — even Uber. The ride-sharing service announced Friday it’s rolling out a fuel surcharge to help its drivers offset the burden of higher gas prices for at least the next two months. Starting Wednesday, users will pay an extra $0.45 or $0.55 per trip

By Julianne Pepitone, CNN Business There’s pain at the pump for American drivers as US gas prices soar to record highs. Although the United States barely uses Russian oil, Russia’s invasion of Ukraine is still a big factor in the gas-price spike — among other reasons. Confused? We’ll walk you through it. So why is

By Oliver Darcy, CNN Business Earlier this week, the right-wing organization Project Veritas released two undercover videos capturing Matthew Rosenberg, a Pulitzer Prize-winning reporter for The New York Times, making a number of disparaging comments about his colleagues and the news media writ large. The videos caused a stir inside The Times due, in part,

by Frank Pallotta, CNN Business Disney CEO Bob Chapek apologized for his “silence” on Florida’s controversial bill dubbed “Don’t Say Gay,” days after declining to condemn it. On Monday, Chapek had spoken out about — but did not directly condemn — the controversial “Parental Rights in Education” bill, which would ban educators from discussions about

By Paul R. La Monica, CNN Business Even with the pandemic, the stock market enjoyed gains in 2020 and 2021. But is the party on Wall Street over? The Dow fell 230 points, or 0.7%, Friday and ended the week with a 2% loss. The Dow has now lost ground for five straight weeks and

By Anneken Tappe, CNN Business Trade is about to become a key element of the global response to Russia’s invasion of Ukraine following the array of sanctions that have already been imposed. On Friday, President Joe Biden announced that the United States, along with the G7 nations and the European Union, aim to strip Russia

By Matt Egan, CNN Business The West is already crushing Russia’s economy. Now a bipartisan group of lawmakers want to limit Vladimir Putin’s access to Russia’s mountain of gold. A bipartisan bill introduced this week aims to ramp up the financial pressure another notch by making it harder for Moscow to use gold to prop

By Anneken Tappe, CNN Business American consumers are getting pummeled from all sides: Supply chain constraints and high demand mean delays for products and rising costs. Now gas prices are soaring on the back of the Russia-Ukraine conflict, creating an even more bitter cocktail. An early look at how Americans are feeling about the economy

By Mark Thompson, CNN Business Europe has given itself just five years to break its addiction to Russian oil and gas. European Commission President Ursula von der Leyen said Friday that EU leaders had agreed to spend the next two months drafting proposals for eliminating the bloc’s dependency on Russian energy imports by 2027. “By

By Beth Braverman You probably already know that you need a good credit score to get the best interest rates on a mortgage or auto loan, which can make a big difference to your budget over time. “With something like a mortgage, even a minor difference in rates can have a big impact on your

Opinion by Elaine Maag for CNN Business Perspectives Over the past several months, consumer prices have risen across the board, especially for basic needs like food, gas and shelter. And low- and middle-income families are getting hit the hardest. Not only do they spend a larger share of their income meeting basic needs, they tend

By Tami Luhby, CNN Business The price of gas has skyrocketed in recent weeks, fueled in part by Russia’s invasion of Ukraine. The hike means that many Americans will have to shell out hundreds of dollars more to fill their tanks. Have you had to make changes to your daily routine, work or social life

By Laura He, CNN Business Popular Chinese tech stocks have plunged after the US regulator named five Chinese companies that could be removed from American stock markets for failing to meet audit requirements. The names cited by the US Securities and Exchange Commission on Thursday are fast-food company Yum China Holdings, tech firm ACM Research,

By Anna Bahney, CNN Business Rents in Manhattan are once again hitting new record highs, after cratering during the pandemic. The median monthly rent for a Manhattan apartment was a record $3,700 in February. That was up 24% from a year ago and up an unusually large 4.2% from January, according to a report from

By Paul R. La Monica, CNN Business So much for Wednesday’s big market rally. Stocks slid Thursday after the US government reported a significant spike in consumer prices. Inflation is clearly not going away, and that means the Federal Reserve is probably going to have to aggressively raise interest rates. The Dow dropped 112 points,

By Danielle Wiener-Bronner, CNN Business Burger King is the latest fast food chain to pull corporate support from its businesses in Russia. Restaurant Brands International, which owns the burger chain, said Thursday it “has suspended all of its corporate support for the Russian market, including operations, marketing and supply chain.” The company is also stopping

By Mark Thompson, CNN Business Russia said it could seize the assets of Western companies that have suspended operations in the country. Dozens of American, European and Japanese companies from almost every sector of the economy have abandoned joint ventures, factories, stores and offices in the last two weeks in response to Russia’s invasion of