CNN-Business-Consumer

By Laura He, CNN Business Stocks are tumbling on Monday as oil prices soared above $120 barrel to their highest level in 13 years, raising fears about an inflationary shock to the global economy. European markets plunged in early trade. Germany’s DAX 30 and France’s CAC 40 both fell by more than 3%. London’s FTSE

By Ramishah Maruf, CNN Business American Express is the latest credit card company to announce it is ending its operations in Russia as its invasion into Ukraine escalates. On Sunday, the company said in a statement that globally issued American Express cards will no longer work in Russia, and cards issued in Russia won’t work

By Ramishah Maruf, CNN Social media videos have played a critical role in CNN’s coverage of Russia’s invasion in Ukraine. But how does the network know they are accurate? Here’s one example: CNN’s investigative team came across alarming footage in late February: Russian helicopters flying menacingly low over dark plumes of rising smoke just a

Opinion by Richard M. Schulze for CNN Business Perspectives The value of a college education has come under scrutiny in recent years. With average student debt in the US rising to more than $37,000 in recent estimates, more students are wondering if it is a choice they can afford. And as more affordable online programs

By Frank Pallotta, CNN Business “Saturday Night Live” kicked off this week’s episode with a Fox News “Ukrainian Invasion Celebration Spectacular,” hosted by Laura Ingraham, who was played by Kate McKinnon, and Tucker Carlson, who was played by Alex Moffat. “Good evening, everyone. I’m Tucker Carlson. I’m like if a pair of boat shoes came

By Nathaniel Meyersohn, CNN Business Clipping coupons is an American pastime. Reality shows devoted to extreme couponers have become sensations. But many companies that issue coupons hate them. Critics say coupons are expensive, wasteful and inefficient advertising. Some companies have gone to great lengths to get rid of them. It didn’t end well. A devoted

By Alicia Wallace, CNN Business In May 2020, the Bureau of Labor Statistics delivered the worst US jobs report on record: 20.5 million jobs had been lost in the previous month and the national unemployment rate had hit 14.7%. More data followed showing how Black and Hispanic Americans (with jobless rates of 16.7% and 18.9%,

By Parija Kavilanz, CNN Business The price of premium perfumes recently soared by levels typically never seen for luxury fragrances. But don’t blame rising inflation — the reasons have more to do with consumer behavior in times of stress and uncertainty. The average retail price for fragrances rose by 15% in 2021 compared to 2020,

By Laura He, CNN Business China has set its lowest official target for economic growth in three decades. Speaking during one of China’s most important political gatherings of the year, Premier Li Keqiang said that China would target GDP growth of about 5.5% this year. The world’s second biggest economy grew 8.1% in 2021, but

By Angela Dewan, CNN When you turn on the heating in your home, you may not think much about where your energy comes from, let alone where the money you pay for it goes. For millions of people living in Europe, there’s a good chance that money is flowing to the Russian state — much

By Oliver Darcy, CNN Business Russian President Vladimir Putin’s creeping authoritarianism got a lot more overt on Friday when he signed a censorship bill into law making it impossible for news organizations to accurately report the news in or from Russia. The law, according to the Committee to Protect Journalists, makes it a crime to

By Peter Valdes-Dapena, CNN Business A Toyota sold at a Florida collector car auction Friday for $2.5 million. As you might guess, this was not your standard Rav4 Hybrid. (Yes, car prices have gone up a lot, but not that much.) This particular Toyota was, genuinely, the rarest of the rare. It was a Toyota

By Peter Valdes-Dapena, CNN Business Stellantis, the maker of Dodge and Jeep vehicles, has a factory in Russia. But it has not announced plans to pull out the country in the face of Russia’s invasion of Ukraine, unlike some other companies. Chief executive Carlos Tavares said he feels that doing so would only harm the

By Jeanne Sahadi, CNN Business With Russia’s internationally condemned invasion of Ukraine, one thing is certain: No one knows exactly how things will play out. So far that disturbing uncertainty hasn’t sent markets into a sustained tailspin. US stocks took a hit the week of the invasion, but have since recovered some of those losses.

By Frank Pallotta, CNN Business “The Batman” opens this weekend and theaters are hoping this blockbuster film will help the industry nudge closer toward normalcy. The film stars Robert Pattinson as the Caped Crusader. It is projected to bring in roughly $100 million for its opening weekend in North America. That would be one of

By Nathaniel Meyersohn, CNN Business The conditions described by the US Food and Drug Administration at a Family Dollar warehouse in West Memphis, Arkansas, were skin-crawling. “Live rodents, dead rodents in various states of decay, rodent feces and urine, evidence of gnawing, nesting and rodent odors throughout the facility, dead birds and bird droppings.” Foul

By Anna Cooban, CNN Business The number of independent media voices Russians can read and watch is dropping fast. Russian authorities have restricted access to news publications including BBC Russia, Radio Liberty and Latvia-based Meduza, RIA Novosti reported on Friday. The media outlets have been added to a list of publications “containing appeals for mass