CNN – Business/Consumer

By Matt Egan, CNN New York (CNN) — Tens of millions of Americans hitting the road this Memorial Day weekend will face historically high gas prices. The war with Iran has destabilized the global energy system, pushing up pump prices across the country despite emergency steps from the Trump administration designed to limit the damage.

By Liam Reilly, CNN (CNN) — Stream CNN FlashDoc’s new documentary “The Last Laugh: Stephen Colbert,” examining the legacy of one of America’s most influential satirists, on the CNN app. Stephen Colbert’s final “Late Show” broadcast on Thursday will close out his run in the storied CBS late-night chair once occupied by David Letterman. What

By Jeanne Sahadi, CNN (CNN) — The United States is not in a recession, but the normal economic cycle means it will be at some point. Exactly when is hard to predict. A nationwide recession is marked by a decline in economic activity over at least several months. Think lower consumer spending, higher job losses,

By Samantha Delouya, CNN (CNN) — Homebuyers browsing Zillow across parts of the Midwest on Wednesday may find incomplete or outdated listings, after a mounting legal fight disrupted the flow of new listings to the platform. That’s because Midwest Real Estate Data, or MRED, cut off Zillow’s access to its regional home-listing database serving Chicago

By Hadas Gold, CNN (CNN) — Online platforms are now required by law to remove non-consensual intimate images within 48 hours of reporting, as a federal law criminalizing the sharing of such content goes into full effect Tuesday. President Donald Trump signed the Take It Down Act into law last year, which makes it illegal

By Lisa Eadicicco, CNN (CNN) — To get ahead in the new internet age, Google wants to help you google less. The company on Tuesday revealed a flurry of AI-powered features for its search engine, AI assistant Gemini and other services. It’s part of Google’s latest effort to revamp its decades-old business model to fit

By Anna Cooban, Mauricio Torres, CNN London (CNN) — Jonathan Andic, the son of the late founder of Spanish fashion giant Mango, was arrested Tuesday in connection with his father’s death in 2024. Isak Andic, who founded Mango in the mid-1980s, died at age 71 after plunging down a 320-foot ravine in December 2024 while

By John Towfighi, CNN New York (CNN) — A bond rout is deepening as inflation fears take hold of the Treasury market, threatening to raise borrowing costs across the US economy. The 30-year US Treasury yield just hit 5.2%, its highest level since 2007, rising on worries about persistent price hikes because of the Iran

By Chris Isidore, CNN (CNN) — Gasoline prices are up more than 50% since the start of the war in Iran. Can average Americans protect themselves from those higher costs? Not completely – oil is far too embedded into everyday life. For example, diesel-burning truck companies have imposed fuel surcharges to transport the goods Americans

By Matt Egan, CNN New York (CNN) — Wholesale motor oil prices are rising rapidly, and some industry executives are warning of imminent shortages caused by the war with Iran. Damage to key facilities in the Middle East and the shutdown of the Strait of Hormuz have combined to create a perfect storm in this

Reuters Seoul (Reuters) — The head of Starbucks Korea has been fired after a marketing campaign sparked public outrage for evoking painful memories of a brutal military crackdown on pro-democracy protesters in 1980. Shinsegae Group, the retail conglomerate that licenses and manages the US coffee chain in South Korea, said it had sacked Sohn Jeong-hyun,

By Chris Isidore, CNN (CNN) — A three-day strike on the nation’s largest commuter rail system ended after marathon negotiations concluded Monday with the unions and Long Island Rail Road reaching a tentative deal. The deal was announced by New York Gov. Kathy Hochul in a post on X, who described it as delivering raises

CNN By Alexandra Banner, CNN SPF 30 or 70? Waterproof or sweat-resistant? Since when did sunscreen shopping become weirdly stressful? A new report warns that many skin products fall short on safety and effectiveness, but experts say a few options are still worth grabbing. Here’s what else you need to know to get up to

By Hadas Gold, Samantha Delouya, CNN (CNN) — Elon Musk waited too long to sue OpenAI and its leaders, a jury in Oakland, California, decided on Monday. A lawsuit he filed was barred by the statute of limitations, the jury found after about 90 minutes of deliberation. Their verdict was advisory, but Judge Yvonne Gonzalez

By Jordan Valinsky, CNN New York (CNN) — Lululemon has publicly rejected founder Chip Wilson’s ideas to fix the struggling athleisure brand, which includes an overhaul of its board, with some strongly worded criticisms of its former leader. Wilson, who is also the company’s second largest shareholder, launched his latest salvo last December in his

By Brian Stelter, CNN (CNN) — Stephen Colbert is going out with a smile — and with many jokes at CBS and its parent company Paramount’s expense. Colbert is signing off “The Late Show” this week as CBS ends the iconic late-night TV franchise. Many “Late Show” fans are disappointed, even angry, about the cancellation,

By Chris Isidore, Hanna Ziady, CNN New York (CNN) — New Yorkers were dealt travel headaches Monday, as service on the vital Long Island Rail Road remains suspended because of a historic strike, although there is reason to hope that the strike could be a short one. “It’s much more promising today than it was

By John Towfighi, CNN (CNN) — Consumer prices in April rose at the highest annual rate in three years, putting inflation back into focus. Inflation eats away at the value of your dollar. Smart investing, however, can build wealth at a rate that outpaces inflation over time. And there are different strategies to make portfolios

By Matt Egan, CNN New York (CNN) — The energy crisis is a financial nightmare for Main Street and a political nightmare for the White House. Inflation is racing back to life, real wages are shrinking and voters are blaming President Donald Trump for $4.50-a-gallon gas. Trump now faces a break-the-glass moment to avoid gas

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve is yapping too much about the economy, according to Kevin Warsh, the US central bank’s incoming leader. During his confirmation hearing last month, Warsh argued that Fed officials “speak quite frequently” and stressed that “truth-seeking is more important than repetition.” “If one has a press

By Daniela Pierre-Bravo (CNN) — Marco, 26, graduated from one of the country’s top medical schools last week. He found his calling after witnessing his grandmother battle cancer, and he sometimes worked up to 40 to 60 hours a week to afford his education. That dream is now in jeopardy. Marco is one of the

By Chris Isidore, CNN (CNN) — Transit workers for the Long Island Rail Road, the nation’s largest commuter railroad, are on strike, potentially stranding hundreds of thousands of weekday passengers in the New York City area. The strike by the five unions representing 3,500 workers, the first at the railroad since 1994, has brought all

By Nathaniel Meyersohn, CNN New York (CNN) — Nvidia CEO Jensen Huang, who has a net worth estimated at roughly $200 billion, was recently asked about California’s wealth tax proposal that has some billionaires riled up. “It’s fine,” he said. “I never once thought about it.” Many billionaires are frustrated over blue states’ and cities’

By Bryan Mena, CNN Washington (CNN) — The sharpest economic decline in American history, the highest inflation in more than 40 years, aggressive political attacks from the White House, and the worst-ever global energy shock. Those are some of the extraordinary events that unfolded during the eight-year chairmanship of Jerome Powell at the Federal Reserve,

By Jordan Valinsky, CNN New York (CNN) — Nearly a year after Trump Mobile started taking $100 deposits and a few days after its website updated to say delivery was “conditional,” the gold-plated Trump Phone will begin shipping this week, the company announced. The $499 Trump Phone, officially known as the Trump Mobile T1 and

By Chris Isidore, CNN (CNN) — The auto industry’s massive pullback from its electric vehicle plans has claimed another victim: Honda, which posted its first annual loss since 1955. Honda and other global automakers downshifted their EV ambitions after the Trump administration changed US emissions rules and ended a $7,500 tax credit for American buyers.

By Bryan Mena, CNN Washington (CNN) — The war with Iran is forcing Americans to pay more for gasoline as people cut back on purchases of some long-lasting goods. Retail sales climbed 0.5% in April from the prior month, the Commerce Department said Thursday, down from March’s 1.6% and marking the third consecutive monthly increase.

By Elisabeth Buchwald, CNN (CNN) — Winning a landmark Supreme Court case against President Donald Trump’s most sweeping tariffs was one thing. Actually getting his illegally collected tariff money back from the government, though, was practically inconceivable to Victor Schwartz, owner of wine importer VOS Selections and the lead plaintiff in that case. On Wednesday,

By Elisabeth Buchwald, CNN (CNN) — President Donald Trump’s latest Iran war pitch to American consumers: Short-term pain will bring long-term gain. But Tuesday’s ugly consumer inflation report, Wednesday’s uglier wholesale inflation report and some worrying bond market signals all point to one thing. The pain will not be short-lived. Wednesday’s Producer Price Index report