Money

By Alicia Wallace, CNN (CNN) — The Consumer Price Index for March, set to be released at 8:30 a.m. Friday, is expected to show that US inflation bolted higher as a direct result of the Middle East war’s energy shock. Economists are estimating that prices leapt 0.9% from February, more than triple the pace seen

By Vanessa Yurkevich, Chris Isidore, Matt Egan, CNN New York (CNN) — A fragile ceasefire that’s mostly quieted the skies over the Middle East isn’t giving shippers the nerve to brave the narrow waterway that holds the key to 20% of the world’s oil supply. The Strait of Hormuz may be officially re-opening for business,

By Alicia Wallace, CNN (CNN) — When contending with years of budget-breaking inflation, there was at least one saving grace: For the past 34 months, the average wage was growing faster than prices were. That’s expected to change – in short order. When the Consumer Price Index for March is released on Friday morning, it’s

By Samantha Delouya, John Towfighi, CNN New York (CNN) — The war with Iran has roiled Wall Street, driving up the cost of a mortgage along with auto and credit card loans, making everyday life more expensive for Americans. Mortgage rates climbed for five straight weeks after the war began, but ticked down this week

By Alicia Wallace, CNN (CNN) — Americans kept spending in February — but just enough to keep up with rising prices, new data showed Thursday; however, the Iran war is expected to push costs even higher. Consumer spending rose 0.5% in February, up from a 0.3% increase in January, according to a shutdown-delayed report released

By Chris Isidore, Matt Egan, CNN (CNN) — Oil futures are plunging – but it could still take weeks or months before gas prices are dramatically lower. Word of a two-week ceasefire in the war in Iran and a possible reopening of the vital Strait of Hormuz to oil tankers sent crude prices crashing on

By Nathaniel Meyersohn, CNN New York (CNN) — Computer science and engineering students at the University of Washington, spooked about AI, returned from spring break last week to a surprising email from the department head. “I’m reaching out because I keep hearing concerns about AI and the future of (computer science) careers,” Magdalena Balazinska, director

By Jeanne Sahadi, CNN (CNN) — If you’re riding the caboose when it comes to filing your income taxes, you have one more week to make the April 15 deadline – or at least request an automatic six-month filing extension and pay whatever else you owe for 2025. Here are some last-minute dos and don’ts

By Sean Lyngaas, CNN (CNN) — Anthropic will make its new AI model available to some of the world’s biggest cybersecurity and software firms in an effort to slow the arms race ignited by AI in the hands of hackers, Anthropic said Tuesday. Amazon, Apple, Cisco, Google, JPMorgan Chase and Microsoft, among other firms, will

By Alicia Wallace, CNN (CNN) — AI-driven job losses may not just make it harder for affected workers to find employment in the short term but also could leave a yearslong “scarring,” marked by depressed income, delayed homeownership and even the lower probability of marriage, according to a new research report from Goldman Sachs. And

By Olesya Dmitracova, CNN London (CNN) — Pershing Square Capital Management, founded by billionaire Bill Ackman, has offered to buy Universal Music Group, the record company behind Lady Gaga, Kendrick Lamar and Sabrina Carpenter among other artists. The proposal was submitted alongside a “value creation plan,” the fund, where Ackman is also the CEO, said

By Jeanne Sahadi, CNN (CNN) — The IRS has processed 87.5 million returns so far this tax season and, as of March 27, it has paid out nearly 63 million refunds. The average amount returned: $3,521. That’s up $351 (or 11.1%) from the same period last year, but still well below the average $1,000 boost

By Elisabeth Buchwald, CNN (CNN) — After weeks of war-driven pressure on fuel prices and supply chains, some businesses are starting to pass those higher costs along to consumers via new fees — or through other, less obvious changes. “Companies tend to look for ways to get more out of what they already have first,

By Samantha Delouya, CNN (CNN) — After several years of slow home sales, economists hoped 2026 would bring more activity as more homes hit the market and price growth cooled. But just as the spring homebuying season begins, new uncertainty is emerging due to the US-Israeli war with Iran. Mortgage rates climbed last week for

By Matt Egan, David Goldman, CNN New York (CNN) — Six weeks ago, the world was practically swimming in crude oil. The market was oversupplied and prices were low and stable. But now, some parts of the energy market are acting like the world is on the verge of running dry. That’s because the war

By Liam Reilly, CNN (CNN) — CBS has filled its soon-to-be-vacant 11:35 p.m. time slot. The network said Monday that beginning May 22, the day after the finale of “The Late Show with Stephen Colbert,” the hour will be filled by “Comics Unleashed with Byron Allen.” Because “Comics Unleashed” is a half-hour program, CBS will