CNN-Business-Consumer Archives

What is SWIFT and how is it being used against Russia?

February 28, 2022 4:58 AM CNN Newsource

By Charles Riley, CNN Business The West has pledged to remove some Russian banks from SWIFT, a messaging service that connects financial institutions…

Russia faces financial meltdown as sanctions slam its economy

February 28, 2022 1:49 AM CNN Newsource

By Mark Thompson, Anna Chernova and Vasco Cotovio, CNN Business Russia was scrambling to prevent financial meltdown Monday as its economy was slammed…

Stocks fall and oil surges as West pours on Russian sanctions

February 27, 2022 9:01 PM CNN Newsource

By David Goldman and Laura He, CNN Business Stock markets fell and oil prices surged Monday as investors grew increasingly concerned about the…

BP will dump its 20% stake in Russian oil giant Rosneft

February 27, 2022 12:06 PM CNN Newsource

By Ramishah Maruf, CNN Business BP is cutting ties with Rosneft in response to Russia’s invasion of Ukraine. The British company said in a…

BitConnect founder charged with orchestrating $2 billion Ponzi scheme

February 27, 2022 11:45 AM CNN Newsource

By Ramishah Maruf, CNN A federal grand jury in San Diego indicted the founder of BitConnect for allegedly orchestrating a $2.4 billion global Ponzi…

SpaceX Starlink user terminals arrive in Ukraine, officials says

February 27, 2022 11:28 AM CNN Newsource

By Emma Tucker, Melissa Alonso and Jackie Wattles, CNN A shipment of Starlink user terminals — small antennas that allow customers to access…

Pickleball, virtual golf, skydiving, craft beer: How malls are luring shoppers

February 27, 2022 9:47 AM CNN Newsource

By Parija Kavilanz, CNN Business As Covid restrictions ease, expect to see more malls morph into family entertainment destinations where shopping may…

States want to boycott Russian vodka. Here’s why that won’t work

February 27, 2022 8:12 AM CNN Newsource

By Jordan Valinsky, CNN Business Russian-made alcohol is the latest target in the growing backlash against the country’s invasion of Ukraine.…

The invasion of Ukraine changed everything for Wall Street

February 27, 2022 5:48 AM CNN Newsource

By Julia Horowitz, CNN Business Russian President Vladimir Putin’s decision to invade Ukraine last week shattered the security order in Europe…

Which Batman actor has made the most at the ticket booth?

February 27, 2022 4:01 AM CNN Newsource

By Frank Pallotta, CNN Business Robert Pattinson will be the latest actor to don the cape and cowl on the big screen in “The Batman,”…

‘SNL’ returns from hiatus with a powerful tribute to Ukraine

February 26, 2022 10:28 PM CNN Newsource

By Frank Pallotta, CNN Business “Saturday Night Live” returned from a nearly monthlong hiatus without a cold open. Instead of a funny…

Russia’s economy is surprisingly tiny. Here’s why it matters so much to you

February 26, 2022 1:35 PM CNN Newsource

By Chris Isidore, CNN Business Russia isn’t a superpower, at least not when it comes to the global economy. Its gross domestic product puts it…

Chris Licht has been selected as next president of CNN

February 26, 2022 9:44 AM CNN Newsource

By Brian Stelter, CNN Business Chris Licht, the producer who created “Morning Joe,” revamped “CBS This Morning” and…

Bitcoin is getting even dirtier

February 26, 2022 8:57 AM CNN Newsource

By Jon Sarlin, CNN Business Bitcoin is a pollution-creating mess. Despite efforts to make the energy-intensive mining process friendlier to the…

Warren Buffett’s Berkshire Hathaway posts nearly $40 billion profit

February 26, 2022 8:06 AM CNN Newsource

By Paul R. La Monica, CNN Business Warren Buffett’s Berkshire Hathaway reported a nearly $40 billion profit in the fourth quarter, up more than…

The surprising reason why Wendy’s burgers are square

February 26, 2022 5:34 AM CNN Newsource

By Jordan Valinsky, CNN Business It doesn’t matter where you go: Fast-food hamburgers almost uniformly look like the same round, flat patties.…

What inflation? Cannabis actually costs less these days

February 26, 2022 3:30 AM CNN Newsource

By Alicia Wallace, CNN Business The grocery run, the fuel-up and the utility bill are all costing more these days — not to mention the surging home…

‘We want to get the news out’: How Ukraine’s journalists are covering the invasion of their country

February 25, 2022 8:46 PM CNN Newsource

By Oliver Darcy, CNN Business The state of affairs in the Ukrainian capital of Kyiv keeps changing at a breakneck pace. Within days, residents have…

Union organizers win another Starbucks vote

February 25, 2022 4:24 PM CNN Newsource

By Chris Isidore, CNN Business Union organizers overwhelmingly won a vote Friday to represent workers at a Starbucks in Mesa, Arizona, giving them…

Elon Musk and brother reportedly face insider trading probe

February 25, 2022 9:46 AM CNN Newsource

By Chris Isidore, CNN Business Tesla CEO Elon Musk and his brother are under investigation by the Securities and Exchange Commission for possibly…

Foot Locker’s stock tumbles 35% because Nike wants to go on its own

February 25, 2022 9:20 AM CNN Newsource

By Jordan Valinsky, CNN Business Foot Locker’s stock tumbled 35% Friday after the shoe store predicted sales and profit would fall sharply this…

The Black homeownership rate is now lower than it was a decade ago

February 25, 2022 8:45 AM CNN Newsource

By Anna Bahney, CNN Business Even as home prices have skyrocketed during the pandemic, homeownership continues to grow. But the rate of home buying…

The labor shortage could lead to a recession next year

February 25, 2022 7:12 AM CNN Newsource

Opinion by Gad Levanon for CNN Business Perspectives Over the past 12 months, US consumer prices rose by 7.5%, the highest rate in nearly 40 years.…

Oil traders are shunning Russian crude. Here’s why

February 25, 2022 6:46 AM CNN Newsource

By Julia Horowitz, CNN Business The West has not gone after Russian oil. But nervous traders have decided they still don’t want to touch it,…

Burger King’s largest franchise cuts chicken nugget count as prices surge

February 25, 2022 6:42 AM CNN Newsource

By Jordan Valinsky, CNN Business Chicken nuggets have fallen victim to rising prices. Burger King’s largest franchisee in the United States…

This key measure of inflation climbed at the fastest pace since 1982 last month

February 25, 2022 6:37 AM CNN Newsource

By Anneken Tappe, CNN Business Yet another key measure of inflation ticked higher at the start of the year, rising at its fastest pace in nearly 40…

These companies have the most to lose from Russia’s attack on Ukraine

February 25, 2022 5:50 AM CNN Newsource

By Jordan Valinsky, CNN Business International companies that hold a major presence in Russia are bracing for more sanctions from Western countries.…

China lifts restrictions on Russian wheat imports

February 25, 2022 5:29 AM CNN Newsource

By Laura He, CNN Business China has relaxed restrictions on imports of Russian wheat, a move that could address food security concerns in the…

$100 oil won’t derail the US economy

February 25, 2022 4:35 AM CNN Newsource

By Chris Isidore, CNN Business Russia’s invasion of Ukraine has sent oil futures above $100 a barrel for the first time since 2014 and will…

British Airways cancels Moscow flights as Russia retaliates over Aeroflot ban

February 25, 2022 4:26 AM CNN Newsource

By Mark Thompson, CNN Business British Airways has suspended its flights to Moscow after Russia banned all UK carriers from its airspace.…