CNN-Business-Consumer Archives

What is the SPR, and why does Biden want to use it to fight Russia?

March 1, 2022 10:37 AM CNN Newsource

By David Goldman and Matt Egan, CNN Business The US Strategic Petroleum Reserve is a man-made underground government storage complex built inside…

Stocks fall again as banks drop and oil prices rise

March 1, 2022 10:34 AM CNN Newsource

By Paul R. La Monica, CNN Business March is looking a lot like January and February on Wall Street. That’s not good news for investors. The Dow…

One of Domino’s most popular deals is getting more expensive

March 1, 2022 10:25 AM CNN Newsource

By Jordan Valinsky, CNN Business Domino’s is raising the price on one of its top promotions. The pizza chain announced that its “Mix and…

Disney+ adds more Marvel — and you might want to update your parental controls

March 1, 2022 9:00 AM CNN Newsource

By Frank Pallotta, CNN Business Marvel is Disney’s biggest brand in its media empire, and it’s about to get even bigger on Disney+. A…

Working remotely in a different state than your employer? Here’s what that means for your taxes

March 1, 2022 8:03 AM CNN Newsource

By Jeanne Sahadi, CNN Business If you’re among the employed Americans who were allowed to work remotely during the pandemic last year, count…

Chevron CEO: Emergency oil release could help in the short term

March 1, 2022 7:27 AM CNN Newsource

By Matt Egan, CNN Business Chevron CEO Mike Wirth expressed support on Tuesday for governments to release emergency stockpiles of oil to offset…

‘The Batman’ pulled from Russia

March 1, 2022 7:21 AM CNN Newsource

By Frank Pallotta, CNN Business “The Batman,” which is anticipated to be one of the biggest blockbusters of the year, won’t hit…

Oil prices are rising fast. Saudi Arabia may not come to the rescue

March 1, 2022 6:39 AM CNN Newsource

By Julia Horowitz, CNN Business A global hunt for spare barrels of crude is underway as sanctions slam Russia, the world’s second largest…

Russia tries to stop Western companies fleeing the country

March 1, 2022 6:13 AM CNN Newsource

By Mark Thompson and Vasco Cotovio, CNN Business Russian President Vladimir Putin is trying to stem the flow of Western businesses fleeing the…

Child care worker shortage strands half a million families

March 1, 2022 4:37 AM CNN Newsource

By Alicia Wallace, CNN Business Nearly half a million families are estimated to be stranded without reliable child care, exacerbating the…

Coors Light is ditching those nasty plastic six-pack rings

March 1, 2022 4:07 AM CNN Newsource

By Jordan Valinsky, CNN Business Coors Light is ditching plastic rings on its six-packs and replacing them with an environmentally friendlier option.…

Bitcoin jumps back above $40,000 as Russians switch to crypto

March 1, 2022 3:50 AM CNN Newsource

By Michelle Toh, CNN Business Cryptocurrency prices are climbing after Russia’s ruble sank to another record low and Moscow was hit with new…

Switzerland ditches neutrality to sanction Russia and Putin

March 1, 2022 2:18 AM CNN Newsource

By Laura He, CNN Business Switzerland, a major hub for storing wealth that is popular with Russian oligarchs, is breaking with its tradition of…

Here’s how sanctions on Russia will actually cost you more

March 1, 2022 2:00 AM CNN Newsource

By Chris Isidore, CNN Business As the United States and Europe ramp up their sanctions on Russia, Western consumers will soon face rising costs.…

All bets are off if Putin slashes the West’s oil supplies

March 1, 2022 1:06 AM CNN Newsource

By Matt Egan, CNN Business Russia faces the specter of a full-blown financial meltdown. Punishing sanctions leveled by the West have sent the ruble…

Disney will stop releasing films in Russia

February 28, 2022 6:28 PM CNN Newsource

By Frank Pallotta, CNN Business Disney, Hollywood’s largest and most influential movie studio, is pausing the release of its theatrical films…

RT sees its influence diminish as TV providers and tech companies take action against the Russia-backed outlet

February 28, 2022 5:28 PM CNN Newsource

By Oliver Darcy, CNN Business RT, the Russia-backed media outlet infamous for promoting Vladimir Putin’s talking points, has seen its influence…

Netflix says it won’t air state TV channels in Russia

February 28, 2022 4:10 PM CNN Newsource

By Frank Pallotta, CNN Business Netflix is refusing to air Russian state TV channels in the country — something that the streamer would have been…

How much is Vladimir Putin worth? Almost no one knows for sure

February 28, 2022 3:50 PM CNN Newsource

By Allison Morrow, CNN Business The US and its European allies on Friday announced new sanctions on Russian President Vladimir Putin, in a rare move…

GM stops exporting cars to Russia

February 28, 2022 3:44 PM CNN Newsource

By Peter Valdes-Dapena, CNN Business General Motors is joining a host of other companies in cutting off its business with Russia. The Detroit-based…

Diesel just hit $4 a gallon. Here’s why that will cost you

February 28, 2022 1:28 PM CNN Newsource

By Chris Isidore, CNN Business The price of diesel hit $4 a gallon over the weekend for the first time in nearly eight years. And that means US…

What if Moscow turns off the gas as the Ukraine conflict deepens?

February 28, 2022 11:51 AM CNN Newsource

By Julia Horowitz, CNN Business If Russia halts its supply of gas to Europe to retaliate against the punishing sanctions for its invasion of Ukraine,…

Shell follows BP out of Russia as oil companies abandon Putin

February 28, 2022 11:31 AM CNN Newsource

By Mark Thompson, CNN Business Shell is getting out of Russia and ditching its joint ventures with Gazprom, including its involvement with the…

Welcome to Diversifying, a new money podcast for a changing world

February 28, 2022 10:00 AM CNN Newsource

By Delyanne Barros for CNN Business The Great Resignation and the pandemic have left an indelible mark on America’s workforce. While many have…

Chris Licht introduces himself to CNN as its next CEO

February 28, 2022 9:05 AM CNN Newsource

By Brian Stelter, CNN Business Discovery on Monday confirmed that Chris Licht will become the new head of CNN when Discovery and WarnerMedia merge…

Target boosts its starting pay for some jobs to $24 an hour

February 28, 2022 8:55 AM CNN Newsource

By Parija Kavilanz, CNN Business Target announced Monday that it is raising its starting wage for workers in some positions to up to $24. The…

Estée Lauder fires a senior executive for offensive Instagram post

February 28, 2022 8:38 AM CNN Newsource

By Jordan Valinsky, CNN Business Estée Lauder has fired John Demsey, a senior executive at the makeup company, for an offensive Instagram post on…

Inflation will be worse than feared this year, Goldman Sachs predicts

February 28, 2022 7:28 AM CNN Newsource

By Matt Egan, CNN Business Red-hot inflation in the United States may not cool off this year as much as many hoped, Goldman Sachs cautioned in a new…

The war in Ukraine has made Russian assets toxic

February 28, 2022 6:33 AM CNN Newsource

By Julia Horowitz, CNN Business In less than a week, Russian assets have become practically untouchable for Western investors, who see no reason to…

Two Russian oligarchs call for an end to Putin’s war

February 28, 2022 6:26 AM CNN Newsource

By Charles Riley, CNN Business Russian billionaires Mikhail Fridman and Oleg Deripaska have broken ranks with the Kremlin and called for an end to…