Alicia Wallace

Senior Writer, CNN Business

Alicia Wallace is a senior writer for CNN Business covering the economy and topics such as cannabis.
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Jobseekers and representatives at a job fair at Brunswick Community College in Bolivia, North Carolina, US, on Thursday, April 11, 2024.
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The US economy added just 175,000 jobs last month and unemployment rose to 3.9%
May 3, 2024
US job growth slowed considerably last month, with just 175,000 positions added in April, according to Bureau of Labor Statistics data released Friday.
Home Depot customers walk by a posted now hiring sign on March 08, 2024, in San Rafael, California.
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What to expect in Friday’s jobs report
May 2, 2024
The US job market has been on a roll for the past three years. Some economists even say “it’s as good as it’s ever been.”
<strong>Marijuana</strong> is a psychoactive drug that acts on the cannabinoid receptors in our brains, evoking a euphoric high. The drug is sold as green or brown dried leaves from the hemp plant Cannabis sativa and is typically rolled into a cigarette or inhaled from a bong. In recent years, certain cities and states have approved marijuana for recreational or medical use, but the DEA hasn't recognized the drug as having a function in medicine.
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Justice Dept plans to reschedule marijuana as a lower-risk drug
Apr 30, 2024
The Biden administration moved Tuesday to reclassify marijuana as a lower-risk substance, a person familiar with the plans told CNN, a historic move that acknowledges the medical benefits of the long-criminalized drug and carries broad implications for cannabis-related research and the industry at large.
Offices in a high-rise building on February 23, 2024, in Manhattan.
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Americans’ pay gains rose faster than expected so far this year
Apr 30, 2024
It wasn’t just inflation starting off 2024 hot, paychecks did as well.
Shoppers carry Macy's bags outside the company's flagship store in the Herald Square neighborhood of New York City, New York, on Thursday, April 11, 2024.
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The Fed’s preferred inflation gauge just moved in the wrong direction
Apr 26, 2024
Inflation remained stubbornly high last month, but it hasn’t stopped Americans from spending.
Boston, MA - January 10: Janet Yellen gives remarks during a presentation. On a tour of Roxbury Community College's Center for Smart Building Technology, US Treasury Secretary Yellen spoke of how the Inflation Reduction Act is lowering energy costs.
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Yellen: US economy strong, not overheated
Apr 25, 2024
Despite a weaker-than-expected first-quarter GDP reading, the US economy is “firing on all cylinders” and inflation is on a path toward a more normal level, US Treasury Secretary Janet Yellen said Thursday in an interview with Reuters.
Economists expected that US wholesale inflation would accelerate in March, rising to 2.3% annually from a 2% yearly gain a month before.
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US wholesale inflation heated up again last month
Apr 11, 2024
A key US inflation gauge increased last month at its fastest pace since April 2023, showing that underlying price pressures remain persistent.
Consumer prices rose 3.5% for the 12 months ended in March, surpassing economists' expectations.
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Stubbornly high US inflation grew stronger than expected in March
Apr 10, 2024
Surging gas prices and sky-high mortgages and rent sent inflation rising more than expected in March, adding to Americans’ prolonged and painful battle with high costs. That could force the Federal Reserve to keep its punishing rates higher for longer.
Job seekers attend a Veteran Employment and Resource Fair in Long Beach, California, on Tuesday, January 9, 2024.
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March jobs report comes in hot: The US economy added 303,000 positions last month
Apr 5, 2024
For all intents and purposes — and by most economists’ predictions — job growth was supposed to slow by now, as the pandemic recovery grew complete. The US labor market also was supposed to weaken under the pressure of 11 interest rate hikes.
Upward view from below of the I-35W bridge spanning the Mississippi River in Minneapolis, Minnesota, on November 11, 2011. The original 35W bridge collapsed in 2007.
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Lessons for Baltimore: How Minneapolis recovered from its I-35W bridge collapse 17 years ago
Mar 27, 2024
The collapse of the the Francis Scott Key Bridge in Baltimore on Tuesday is unfortunately not the first deadly collapse of a major interstate bridge in the US. But the response to a bridge failure in Minneapolis 17 years ago, one of the most catastrophic bridge failures in recent memory, could serve as a roadmap for Baltimore moving forward.
A house is for sale in Arlington, Virginia, July 13, 2023.
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There’s more bad news for potential homebuyers: Prices just hit another record
Mar 26, 2024
US home prices rose at the fastest clip in months to a fresh record high in January, according to data released Tuesday, highlighting how a housing shortage combined with high mortgage rates continues to limit affordability.
In an aerial view, homes sit on lots in a residential neighborhood on March 15, 2024, in Miami, Florida.
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How does the National Association of Realtors’ settlement affect you?
Mar 21, 2024
The National Association of Realtors’ recent $418 million settlement to end antitrust legal claims came with a bombshell: Decades-long rules and informal guidelines — notably those that made a 6% commission the norm — could be overhauled.
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She’s the boss: The ‘she-conomy’ boom continues with new business growth
Mar 15, 2024
Women opened new businesses last year at rates that outpaced the market, including in traditionally male-dominated industries such as construction and manufacturing.
A worker assembles a printed circuit board at the Intervala manufacturing facility in Mount Pleasant, Pennsylvania, US, on Tuesday, Jan. 30, 2024. The US Census Bureau is scheduled to release factory orders figures on February 2. Photographer: Justin Merriman/Bloomberg via Getty Images
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Yet another inflation gauge came in hot for February
Mar 14, 2024
A jump in energy and fuel costs pushed up US wholesale inflation much faster than expected last month.
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Food prices hold steady, but Americans have a beef with the cost of a burger
Mar 12, 2024
Two all-beef patties are about 5.9% pricier than this time last year.
Prices continued to rise overall last month; but cheese, fruit and vegetables all saw a slower pace of inflation.
Nam Y. Huh/AP
Prices ticked higher in February, but there’s good news at the grocery store
Mar 12, 2024
Higher prices at the gas pump pushed up inflation more than expected in February, according to the latest Consumer Price Index from the Bureau of Labor Statistics.

About

Alicia Wallace is a senior writer for CNN Business covering the economy and topics such as the emerging cannabis industry. Based in the Bay Area, she specializes in writing economy feature articles that blend data and the human experience. Her coverage also includes articles on bigger-picture developments in the emerging cannabis industry.

Before joining CNN, Wallace was a Knight-Bagehot Fellow at Columbia University in New York for the 2018-’19 academic year. Prior to being selected for the business journalism and economics fellowship, Wallace covered the cannabis industry from a national lens for The Denver Post and its web vertical, The Cannabist. There, she chronicled a multibillion-dollar industry enveloped in federal-state conflict, the implementation of novel state regimes, and the emergence of a federally illicit substance into mainstream marketplaces and businesses. In her time at The Denver Post and, before then, the Daily Camera in Boulder, Colorado, she served as a business reporter, covering a wide variety of industries such as natural products, tech, biopharma, retail, aerospace, and craft beer.

Wallace has won gold (2013) and silver (2018) awards from the National Association Real Estate Editors association and was selected for the Donald W. Reynolds National Center for Business Journalism Strictly Financial Fellowship (2011). She has also won numerous 1st, 2nd and 3rd place awards from the Colorado Press Association, Colorado AP Editors and Reporters and the Society of Professional Journalists.

Wallace received a B.S. Journalism: News-Editorial with honors from the University of Colorado-Boulder. She also received a Certificate in Economics and Business Journalism from Columbia University.