Ford splits gas-powered and electric vehicle businesses but doesn’t spin them off
By Peter Valdes-Dapena, CNN Business Ford is creating two new business units, one for electric vehicles and software and another for its traditional…
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Here’s why Wall Street is betting against the US consumer
By Paul R. La Monica, CNN Business Is the American consumer finally close to being tapped out? It appears that some Wall Street investors think that…
Continue Reading Burned ship carrying luxury cars has now sunk
By Peter Valdes-Dapena, CNN Business The Felicity Ace, the cargo ship carrying cars and SUVs from brands including Audi, Porsche, Bentley and…
Continue Reading Sanctions have sharply raised chance of a Russian default, JPMorgan warns
By Matt Egan, CNN Business Russia’s stock market remains shut down. The ruble is worth less than a penny. And Western businesses are fleeing.…
Continue Reading The latest food price shock: Palm oil prices are soaring
By Anna Cooban, CNN Business Palm oil prices have shot up in the wake of Russia’s invasion of Ukraine as markets scramble to find alternatives…
Continue Reading Why ‘The Batman’ heading to theaters is important to Warner Bros
By Brian Lowry and Frank Pallotta, CNN After a year of simultaneously releasing movies on HBO Max and in theaters, Warner Bros. returns to exclusive…
Continue Reading More oil supply could stop massive price spikes. But US producers won’t fill that gap
By Chris Isidore, CNN Business Oil prices are soaring to seven-year highs, but don’t expect US oil producers to ramp up supply. On the face of…
Continue Reading Why resume gaps aren’t a big deal anymore
By Kathryn Vasel Shanika Puckett has taken six breaks during her nearly 20-year career as a graphic designer. Most were for a few months, like after…
Continue Reading Powell says rate hike is still coming, but notes ‘highly uncertain’ impact of Ukraine invasion
By Anneken Tappe, CNN Business The time of ultra-low interest rates has come to an end. That’s what Federal Reserve Chair Pro Tempore Jerome…
Continue Reading Russians are bracing for a dramatic shift in their standard of living
By Allison Morrow, CNN Business As Western sanctions take root, Russians are bracing for a dramatic shift in their standard of living as their…
Continue Reading War in Ukraine scrambles the Fed’s options
By Julia Horowitz, CNN Business Federal Reserve Chair Jerome Powell had been making himself very clear: To fight inflation, the US central bank would…
Continue Reading Key jobs measure says America added 475,000 positions in February, beating expectations
By Anneken Tappe, CNN Business America’s companies added 475,000 jobs last month, the ADP employment report said on Wednesday. That was nearly…
Continue Reading The teenager who tracked Elon Musk’s jet is now tracking Russian oligarchs
By Jordan Valinsky, CNN Business Jack Sweeney, a Florida teen who tracks Elon Musk’s private jet online has a new aviation-themed target:…
Continue Reading Big companies aren’t shy about raising prices
By Paul R. La Monica, CNN Business Consumers are feeling the pinch from inflation, and that will likely continue for the foreseeable future.…
Continue Reading Oil surges above $110 and natural gas soars as markets ‘panic’ over Russia
By Charles Riley, CNN Business Global crude oil prices surged to more than $110 per barrel and the cost of natural gas skyrocketed to a new record in…
Continue Reading Russia says its economy is taking ‘serious blows’ as isolation grows
By Mark Thompson and Vasco Cotovio, CNN Business The Russian economy is taking “serious blows,” the Kremlin acknowledged Wednesday, as…
Continue Reading Here are the companies pulling back from Russia
By CNN Business staff Dozens of the world’s biggest companies have abandoned or scaled back their operations in Russia in response to its…
Continue Reading Here’s how President Biden wants to fight inflation
By Anneken Tappe, CNN Business Rising prices on everything from food to gasoline are hurting Americans. Now the White House has unveiled a plan to…
Continue Reading Exxon is quitting its last Russian project
By Matt Egan, CNN Business ExxonMobil pledged Tuesday to leave its last remaining oil-and-gas project in Russia, and it will not invest in new…
Continue Reading Stellantis plans to double revenues by 2030
By Peter Valdes-Dapena, CNN Business Stellantis, the company formed one year ago from the merger of Fiat Chrysler Automobiles and France’s PSA,…
Continue Reading Wheat futures are soaring. Food prices could be next
By Danielle Wiener-Bronner and Vanessa Yurkevich, CNN Business Russia’s attack on Ukraine is causing wheat prices to spike, exacerbating…
Continue Reading Judge says Sarah Palin failed to prove her case against New York Times
By Sonia Moghe, CNN The federal judge who presided over Sarah Palin’s defamation trial against the New York Times said in a new written opinion…
Continue Reading Boycotting Lukoil would sting US gas station owners more than Russia’s oil company
By Kunyi Yang The hashtag #BoycottLukoil started trending online not long after Russia invaded Ukraine on February 21. The idea is to stop people…
Continue Reading Another squeeze on Russia: Three shipping companies won’t sail there
By Chris Liakos, CNN Business Two of the world’s biggest container shipping companies are halting cargo bookings to and from Russia. “As…
Continue Reading DirecTV expels RT from its lineup, dealing a major blow to the Russia-backed outlet in the US
By Oliver Darcy, CNN Business DirecTV is cutting ties with RT, the Russia-backed television network infamous for promoting Vladimir Putin’s…
Continue Reading What is the SPR, and why does Biden want to use it to fight Russia?
By David Goldman and Matt Egan, CNN Business The US Strategic Petroleum Reserve is a man-made underground government storage complex built inside…
Continue Reading Stocks fall again as banks drop and oil prices rise
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…
Continue Reading One of Domino’s most popular deals is getting more expensive
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…
Continue Reading Disney+ adds more Marvel — and you might want to update your parental controls
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…
Continue Reading Working remotely in a different state than your employer? Here’s what that means for your taxes
By Jeanne Sahadi, CNN Business If you’re among the employed Americans who were allowed to work remotely during the pandemic last year, count…
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