CNN-Business-Consumer Archives

America added 678,000 jobs in February, smashing forecasts

March 4, 2022 5:13 AM CNN Newsource

By Anneken Tappe, CNN Business The US economy added 678,000 jobs in February, exceeding economists’ expectations. It was the best month for job…

Russia-Ukraine crisis replaces Covid as top risk to global supply chains, Moody’s says

March 4, 2022 4:22 AM CNN Newsource

By Matt Egan, CNN Business Covid-19 drove global supply chains to the breaking point, causing shortages and sending prices skyrocketing. Just as the…

Sony and Honda are starting a new company to make electric vehicles

March 4, 2022 2:46 AM CNN Newsource

By Michelle Toh, CNN Business Two of Japan’s biggest names in business are teaming up. Sony and Honda announced Friday that they plan to start…

Grab shares crash nearly 40% after posting a $1 billion loss

March 3, 2022 9:26 PM CNN Newsource

By Michelle Toh, CNN Business Grab, the Southeast Asian startup known for its “super app,” had a terrible Thursday. The ride-hailing…

Analysis: China can’t do much to help Russia’s sanction-hit economy

March 3, 2022 8:22 PM CNN Newsource

By Laura He, CNN Business Will China help Russia cope with the fallout from economic sanctions? That has been the big question since Russia invaded…

Biden is vowing to seize Russian oligarchs’ yachts. Here’s where they are right now

March 3, 2022 4:32 PM CNN Newsource

By Casey Tolan, Curt Devine and Daniel A. Medina, CNN The ships span the length of a football field or longer, come outfitted with helipads and…

The economy is recovering fast. But we need to ensure it works for everyone

March 3, 2022 3:45 PM CNN Newsource

Opinion by Elise Gould and Heidi Shierholz for CNN Business Perspectives When the coronavirus pandemic shut down businesses across the US in spring…

RT America ceases productions and lays off most of its staff

March 3, 2022 1:34 PM CNN Newsource

By Oliver Darcy, CNN Business RT America will cease productions and lay off most of its staff, according to a memo CNN obtained from T&R…

Rivian rolls back price hikes on preorders after backlash

March 3, 2022 1:13 PM CNN Newsource

By Matt McFarland, CNN Business Rivian is rolling back price hikes on preordered vehicles following backlash from its customers. Rivian CEO RJ…

Purdue Pharma and Sacklers reach $6 billion opioid settlement agreement with states

March 3, 2022 12:35 PM CNN Newsource

By Lauren del Valle, CNN Business Purdue Pharma and the Sackler families reached a settlement with a group of states this week that would require the…

The future of Best Buy: At-home gyms, e-bikes and outdoor grills

March 3, 2022 12:21 PM CNN Newsource

By Nathaniel Meyersohn, CNN Business Best Buy built a retail empire selling TVs and laptops. But to keep growing and fend off rivals like Amazon and…

Ben & Jerry’s stops making ice cream in Israel. Its Israeli manufacturer is suing

March 3, 2022 12:16 PM CNN Newsource

By Jordan Valinsky, CNN Business Ben & Jerry’s decision to stop manufacturing ice cream in Israel sparked a lawsuit from its Israeli…

Oil price shocks cause recessions. Will this one do the same?

March 3, 2022 10:58 AM CNN Newsource

By Paul R. La Monica, CNN Business Crude oil prices briefly surged to their highest levels since 2008 Thursday morning before pulling back a bit.…

Oil prices touch highest level since September 2008, when Lehman Brothers collapsed

March 3, 2022 10:39 AM CNN Newsource

By Matt Egan US oil prices briefly spiked on Thursday to their highest level in nearly 14 years, as concerns about disruptions to Russia’s…

Russian oil isn’t sanctioned, but nobody wants to touch it anyway

March 3, 2022 10:37 AM CNN Newsource

By Matt Egan, CNN Business The war in Ukraine is raging. The oil market is panicking. Russian oil has not been directly targeted by the West’s…

Elon Musk challenges the UAW to unionize Tesla

March 3, 2022 9:23 AM CNN Newsource

By Chris Isidore, CNN Business Tesla CEO Elon Musk, a vocal critic of unions and the United Auto Workers’ efforts to organize his employees, is…

Liquor stores and supermarkets ditch Russian vodka. Importers say boycotts won’t punish Putin

March 3, 2022 9:15 AM CNN Newsource

By Jordan Valinsky, CNN Business Russian-made vodka brands face intense backlash, with calls for boycotts spreading this week to about a dozen US…

How Russia’s invasion of Ukraine changed the global economy in a week

March 3, 2022 8:27 AM CNN Newsource

By Charles Riley, CNN Business A week of war in Ukraine has rocked the global economy, as quick-fire Western sanctions isolated Russia, collapsed its…

Conflict in Ukraine pushes mortgage rates lower

March 3, 2022 8:24 AM CNN Newsource

By Anna Bahney, CNN Business Russia’s invasion of Ukraine helped send mortgage rates lower last week. This is the second week in a row rates…

Economists expect a strong jobs report Friday. What if they’re wrong again?

March 3, 2022 7:16 AM CNN Newsource

By Anneken Tappe, CNN Business Forecasting the pace of the recovery has been tough, and many economists have got their predictions very wrong over…

Why many businesses are getting tougher on Russia than sanctions require

March 3, 2022 6:37 AM CNN Newsource

By Chris Isidore, CNN Business Governments aren’t alone in turning the screws on the Russian economy. Dozens of major multinational companies…

Banks scramble to figure out how much they’ll lose if Russia’s economy implodes

March 3, 2022 6:22 AM CNN Newsource

By Julia Horowitz, CNN Business Russia’s economy is under serious pressure from tough new Western sanctions. That’s forcing financial…

Ikea and H&M close up shop in Russia

March 3, 2022 6:14 AM CNN Newsource

By Jordan Valinsky, CNN Business Two major retailers, Ikea and H&M, are temporarily pausing operations in Russia and Belarus because of the…

France seizes superyacht owned by sanctioned Russian oligarch

March 3, 2022 4:20 AM CNN Newsource

By Xiaofei Xu and Anaëlle Jonah, CNN France has seized a yacht owned by Russian oligarch Igor Sechin, the French finance ministry said in a…

Crypto ‘superpower?’ India’s young investors prefer bitcoin to gold and ‘boring’ stocks

March 2, 2022 10:17 PM CNN Newsource

By Diksha Madhok, CNN Business Indian businesswoman Swati Daga first bought bitcoin in 2017, when the cryptocurrency was trading well under $3,000.…

Ex-Nissan executive Greg Kelly convicted in Japan for role in hiding Carlos Ghosn payments

March 2, 2022 9:28 PM CNN Newsource

By Reuters A Tokyo court on Thursday convicted former Nissan Motor executive Greg Kelly of helping Carlos Ghosn hide pay from financial regulators,…

More than 38 million people in the US watched Biden’s State of the Union

March 2, 2022 3:11 PM CNN Newsource

By Brian Stelter, CNN Business President Biden’s State of the Union address reached more than 38 million people in the United States on Tuesday…

It’s not the best time to be a Russian oligarch

March 2, 2022 1:41 PM CNN Newsource

By Allison Morrow, CNN Business If Russia’s oligarchs weren’t already shaking in their custom Italian-leather boots, they probably are…

Serena Williams calls out NYTimes after paper erroneously prints photo of Venus

March 2, 2022 1:13 PM CNN Newsource

By Frank Pallotta, CNN Business Serena Williams called out The New York Times Wednesday after the paper published an article about her venture fund…

Journalists from Russia’s last independent news network are fleeing the country

March 2, 2022 11:48 AM CNN Newsource

By Brian Stelter and Bianna Golodryga, CNN Journalists from the last remaining independent news network in Russia have left the country for their own…