CNN-Business-Consumer Archives

Gas rationing, food vouchers and hunger: Economic pain from Russia’s war is getting real

March 24, 2022 6:40 AM CNN Newsource

By David Goldman, CNN Business As Russian soldiers bear down on Ukraine, increasingly desperate Ukrainians are running out of food and medicine. The…

Russia is breaking market rules left and right

March 24, 2022 5:45 AM CNN Newsource

By Charles Riley, CNN Business Russia is breaking market rules left and right as its financial isolation deepens. The latest: Russia’s stock…

Russia’s stock market reopens after month-long closure

March 24, 2022 1:31 AM CNN Newsource

By Charles Riley, CNN Business Russia’s stock market opened for the first time in a month on Thursday as investors took part in a highly…

Renault suspends production at its Moscow facility

March 23, 2022 7:34 PM CNN Newsource

By Xiaofei Xu, CNN French carmaker Renault announced in a statement Wednesday that it has suspended all activities at its Moscow factory. The…

Russian journalist Oksana Baulina killed in shelling incident in Kyiv

March 23, 2022 5:29 PM CNN Newsource

By Uliana Pavlova and Brian Stelter, CNN A Russian journalist working for the independent news site The Insider was killed in a shelling incident in…

Airline CEOs urge Biden to end mask mandate, testing requirements

March 23, 2022 3:52 PM CNN Newsource

By Pete Muntean, CNN The CEOs of 10 airlines and cargo carriers have signed a letter to President Joe Biden saying he should end the transportation…

Here’s why gas is $6 a gallon in California, even as prices fall elsewhere

March 23, 2022 3:38 PM CNN Newsource

By Chris Isidore, CNN Business For many drivers in California, the possibility of paying $6 a gallon for gas is no longer something to worry about…

Biden administration tackles racial bias in home appraisals

March 23, 2022 2:35 PM CNN Newsource

By Anna Bahney and Donald Judd, CNN The White House on Wednesday announced new actions to counter racial and ethnic bias in home valuations. Vice…

High-tech cars take the pain out of recalls, but there’s a catch

March 23, 2022 1:09 PM CNN Newsource

By Matt McFarland, CNN Business Tesla recently issued four vehicle recalls in a 12-day span. But Tesla owners did not have to rush their cars to the…

Oil climbs 5% after Russia warns of prolonged pipeline outage

March 23, 2022 12:38 PM CNN Newsource

By Matt Egan, CNN Business Oil prices rose sharply Wednesday after Russia warned a major oil pipeline could be out of service for more than a month…

Amazon scores legendary broadcaster for ‘Thursday Night Football’

March 23, 2022 12:33 PM CNN Newsource

By Frank Pallotta, CNN Business Amazon has found its announcers for “Thursday Night Football.” Al Michaels and Kirk Herbstreit will be…

Good news for the economy can be found in these 20 stocks

March 23, 2022 11:58 AM CNN Newsource

By Paul R. La Monica, CNN Business Here’s a promising sign from Wall Street: Transportation stocks are leading the stock market this year, and…

Nestlé pulls KitKat, Nesquik and other brands from Russia

March 23, 2022 10:43 AM CNN Newsource

By Jordan Valinsky, CNN Business Following criticism from Ukraine’s president over Nestlé’s ties to Russia, the company is halting the…

Wall Street bonuses hit record high

March 23, 2022 10:43 AM CNN Newsource

By Jeanne Sahadi, CNN Business Wall Street firms have figured out a way to beat inflation for their employees: Just hike annual bonuses to record…

Rent jumped 17% since last year, hitting a new record

March 23, 2022 10:42 AM CNN Newsource

By Anna Bahney, CNN Business The cost of monthly rent reached a new high in February, with the typical apartment now $283 more expensive each month…

Grocery stores are struggling to supply Totino’s and Pillsbury

March 23, 2022 10:38 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business If you’ve found yourself struggling to find Pillsbury dough or Totino’s pizza rolls lately,…

‘People are begging us to sell.’ Africa’s richest man opens huge fertilizer plant as food crisis looms

March 23, 2022 10:20 AM CNN Newsource

By Stephanie Busari, CNN Africa’s richest man Aliko Dangote opened the continent’s largest fertilizer plant this week as war in Ukraine…

Adidas’ plan to take over college sports: Sign endorsement deals with up to 50,000 student athletes

March 23, 2022 9:33 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Following a landmark Supreme Court decision last year that opened the door for college athletes to make money,…

March meme madness? GameStop and AMC soaring again

March 23, 2022 9:27 AM CNN Newsource

By Paul R. La Monica, CNN Business The meme stocks are back. Shares of GameStop and AMC, two companies beloved by traders on Reddit and other social…

UK to cut taxes on wages and fuel. Inflation will still leave many worse off

March 23, 2022 9:13 AM CNN Newsource

By Anna Cooban, CNN Business The UK government is cutting payroll taxes and duties on fuel in an attempt to take some of the sting out of the worst…

Ex-Trump official praises Biden for uniting the West against Putin

March 23, 2022 9:03 AM CNN Newsource

By Matt Egan, CNN Business Former Trump national security adviser H.R. McMaster said Russian President Vladimir Putin has been caught off guard by…

Egypt caps bread prices as shockwaves of Ukraine war hit Middle East

March 23, 2022 8:59 AM CNN Newsource

By Nadeen Ebrahim, CNN The war in Ukraine is only a month old, but its shockwaves are already being felt as far away as the Middle East, putting…

Jamie Dimon to Joe Biden: We need a ‘Marshall Plan’ for US and European energy security

March 23, 2022 8:22 AM CNN Newsource

By Matt Egan JPMorgan Chase CEO Jamie Dimon urged President Joe Biden in an off-the-record meeting this week to develop a “Marshall Plan”…

The secrets to managing money as a couple

March 23, 2022 8:10 AM CNN Newsource

By Kathryn Vasel, CNN Business Sticking to a budget can be hard enough when it’s just your own spending and saving you’re tracking. Add…

2 state governors weigh in on how to boost America’s chip supply and lower prices

March 23, 2022 8:07 AM CNN Newsource

Opinion by Asa Hutchinson and Phil Murphy for CNN Business Perspectives As Americans strive to emerge from the darkest days of the Covid-19 pandemic,…

Investors beware: The West is going to hit Russia with more sanctions

March 23, 2022 6:01 AM CNN Newsource

By Charles Riley, CNN Business Western sanctions are decimating Russia’s economy and sending shockwaves through global markets. Still, there is…

Russia’s invasion of Ukraine has foreign investors fleeing Taiwan. Here’s why

March 23, 2022 5:36 AM CNN Newsource

By Michelle Toh, CNN Business War in Europe has triggered a massive flight of capital from an Asian island nearly 5,000 miles away. Over the last…

Union wins right to represent Starbucks workers in its Seattle hometown

March 22, 2022 6:03 PM CNN Newsource

By Chris Isidore, CNN Business Workers at a Starbucks store in its Seattle hometown voted unanimously to be represented by a union, giving the…

French energy giant TotalEnergies to stop buying Russian oil by year-end

March 22, 2022 4:02 PM CNN Newsource

By Xiaofei Xu and Anaëlle Jonah, CNN French energy giant TotalEnergies said on Tuesday that it would stop buying Russian oil and oil products by the…

This new union boss could start the biggest strike in decades

March 22, 2022 2:15 PM CNN Newsource

By Chris Isidore, CNN Business You might not know Sean O’Brien. But he is poised to shake up the US economy in a way no one else has in recent…