CNN-Business-Consumer

By Charles Riley, CNN Business Russia’s war in Ukraine is reshaping global energy markets. The scale and long-term impact of the changes are still up for debate. The International Energy Agency warned last week that the world could be hit with the biggest supply crisis in decades if Moscow curtails its oil output as companies

By Ramishah Maruf, CNN As Russia’s attack on Ukraine continues to intensify, reporting from the war zone is becoming increasingly difficult — and dangerous. Four journalists have so far been killed reporting on the war and many more are injured or missing. Ukrainian journalist Victoria Roshchyna has been missing for more than a week, and

As told to Chris Wellisz, International Monetary Fund In his latest book, “The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance,” Cornell University professor Eswar S. Prasad describes how digital currencies and other financial technologies are reshaping everything from consumer banking to monetary policy and international payments. In a conversation with

By Chris Isidore, CNN Business As crude prices surge, oil companies are raking in money — enormous profits gained from practically no extra investment. ExxonMobil made a $23 billion profit in 2021, its largest in seven years. And as oil prices rise, it’s expected to make nearly $33 billion this year. BP, meanwhile, earned $12.8

By Danielle Wiener-Bronner, CNN Business Applebee’s used to pitch itself as a place for customers to come, sit, and stay a while. Then the pandemic happened, and Applebee’s had to pivot. When local governments ordered restaurants to close their dining rooms, they had to quickly make their food available for delivery or pickup. For some

By Nathaniel Meyersohn, CNN Business In 2018, Kohl’s was a bright spot in the beleaguered department store sector. Sales were growing, Kohl’s stock price was booming and new CEO Michelle Gass was earning widespread praise for her creative approach, including partnering with Amazon to offer free Amazon returns at Kohl’s stores. Out of the three

By Paul R. La Monica, CNN Business March Madness isn’t just for college basketball fans. That phrase is also an apt description of the volatility on Wall Street, and this March is no different. Just look at what stocks have done so far this month. It began with worries about Russia’s invasion of Ukraine and

By Zoe Sottile, CNN More than two decades after Mike Tyson bit off a chunk of Evander Holyfield’s ear at the 1997 WBA Heavyweight Championship fight, the legendary boxer has released a line of edibles — in the shape of ears. The cannabis-infused gummies are called “Mike Bites” in homage to Tyson’s most notorious moment.

By Jordan Valinsky, CNN Business Budweiser’s slogan, the “King of Beers,” is as recognizable as its Clydesdales. But it wasn’t always those exact words. Let’s start from the beginning: German immigrant Adolphus Busch arrived in the United States in 1857. A few years later, he married Lilly Anheuser and began working at his father-in-law’s brewery.

By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. The White House spent much of Friday frustrated by an Axios report that it believes was based on a fabricated letter purportedly written by Ukraine’s top national security official. The

By Kathryn Vasel The pandemic thrust the working world into a new reality in March 2020 as offices closed and millions of people were forced to learn how to do their jobs from home. Two years later, employers and workers are still adapting to a new normal and trying to figure out what the future

Opinion by Karin Kimbrough for CNN Business Perspectives As the latest jobs numbers continue to show a resurging labor market, women have seen an uneven and slower recovery. While men have already recouped their pandemic job losses, there are still about 1.1 million women missing from the labor force. Women of color, in particular, are

By Tami Luhby, CNN Business Connie Waters’ two young granddaughters are her life, and she’s only grown closer to them during the pandemic. The retired secretary from Salt Lake City babysits for Layla, 3, and Harlow, 1, three times a week while her daughter and son-in-law are at work. She also loves to watch Layla

By Mark Thompson, CNN Business Britain has banned Russian state TV channel RT, saying it was incapable of providing impartial coverage of the war in Ukraine. UK broadcast media regulator Ofcom said it had been conducting 29 investigations into RT’s coverage of Russia’s invasion, and had taken into account the channel’s ties with the Russian

By Laura He, CNN Business As Covid makes a resurgence in China, the country’s leader signaled that his focus this time around is on containing the collateral damage to its huge economy. China must “strive to achieve the maximum prevention and control at the least cost, and minimize the impact of the epidemic on economic

By Brian Stelter and An Phung, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Nicholas Kristof said something prophetic on last Sunday’s “Reliable Sources” telecast: “I’m not sure people fully appreciate — it is the photographers and the TV journalists and

By Curt Devine, Casey Tolan and Majlie de Puy Kamp, CNN The sprawling billion-dollar palace that sits on a hilltop overlooking the Black Sea is seen by some Kremlin critics as the ultimate emblem of Russian President Vladimir Putin’s legacy of corruption. Dubbed “Putin’s Palace,” the 190,000 square-foot mega-mansion was purportedly built for his personal

By Frank Pallotta, CNN Business James Bond is now an Amazon employee. The tech giant has closed its $8.5 billion deal to acquire MGM, the home of the Bond franchise and one of the most iconic movie studios in Hollywood history, Amazon announced Thursday. The move looks to bolster the company’s position in the entertainment