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By Frank Pallotta, CNN Business “Hello there.” That’s what Star Wars fans were saying about the first look at Disney+’s upcoming “Obi-Wan Kenobi,” which the company premiered Wednesday. Disney showcased the trailer for the platform’s new Star Wars series at its annual shareholders meeting. It immediately went viral online. Of course it did. Obi-Wan Kenobi

By Frank Pallotta, CNN Business Bob Chapek, Disney’s CEO, was criticized Monday for speaking out about — but not directly condemning — Florida’s controversial “Don’t Say Gay” bill, with some feeling that Disney’s statement fell short. On Wednesday, Chapek agreed with the criticism. “I understand our original approach, no matter how well intended, didn’t quite

By Paul R. La Monica, CNN Business American and European businesses are rapidly distancing themselves from Russia in the wake of its invasion of Ukraine. You’d think that would be a problem for America’s top banks, which have deep ties to businesses across the globe, including Russia. But you’d be wrong. While investors are waiting

By Jordan Valinsky, CNN Business Charles Entenmann, who helped to turn his family’s bakery into a baked goods behemoth, died recently, according to published reports. He was 92. The name Entenmann is instantly recognizable to grocery shoppers around the country for its signature white and blue boxes filled with sugary confections such as cakes, muffins,

By Anna Bahney, CNN Business Homeowners saw massive increases in wealth over the past decade, but most of the gains went to the wealthiest US households. As home prices soared, housing wealth increased by $8.2 trillion over a decade, rising to $24.1 trillion in 2020 from $15.9 trillion in 2010, according to a new report

By Frank Pallotta, CNN Business Disney’s CEO transition from Bob Iger to Bob Chapek marked a shift from an outspoken, famous CEO with political ambitions, to a largely unfamiliar name whose politics remain a mystery. This week, we got a glimpse at how Chapek’s Disney might respond to the world’s tumultuous political climate. On Monday,

By Charles Riley, CNN Business Russia has banned its citizens from buying US dollars, completing the isolation of an economy that once had ambitions to join the global club of financial powers. As recently as the 2008 global financial crisis, Russian President Vladimir Putin and his lieutenants had promoted the ruble as a potential alternative

By Reuters Norway’s Yara, one of the world’s largest fertilizer makers, is curtailing its ammonia and urea output in Italy and France due to the surge in natural gas prices, it said on Wednesday, in another sign of rising costs for food production. The price of natural gas, which is used in the fertilizer manufacturing

By Michelle Toh, CNN Business Cathay Pacific plans to continue operating at just minuscule levels as its home city remains largely cut off from the rest of the world. Hong Kong’s flagship airline said Wednesday that it would likely only be able to maintain 2% of passenger flight capacity, and less than one third of

By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. This subject is quite sensitive, and some news outlets don’t want to say anything about it on the record for obvious reasons. But Russia’s new censorship law clamping down on

By Jordan Valinsky, CNN Business Better.com, the embattled online mortgage company, announced Tuesday that it’s taking the “difficult step of streamlining” its operations and laying off about one-third of its workforce, amounting to roughly 3,000 jobs. The company, which gained notoriety last year after its CEO fired 900 employees over Zoom just before Christmas, expanded

Opinion by Mary Beth Laughton for CNN Business Perspectives When I started my career in the late 1990s, only six women had ever broken the proverbial glass ceiling to become CEOs of Fortune 500 companies. This small but mighty group was an inspiration to young women like me just starting their careers, especially considering the

By Charles Riley, CNN Business Stagflation strikes fear into the hearts of economists — and policymakers —the world over. Europe could be headed for something even worse. Western sanctions imposed following Russia’s invasion of Ukraine have caused global energy prices to spike and consumer confidence to plummet in Europe. Russia is being cut off from

By Mark Thompson, CNN Business Europe is planning to slash consumption of Russian natural gas this year as it prepares for a complete break with its single biggest energy supplier over the war in Ukraine. EU officials on Tuesday outlined a plan to achieve energy independence from Moscow “well before 2030.” The European Union would

By Laura He, CNN Business Chinese retail investors are snapping up stocks with even the slightest link to trade with Russia, as they bet on closer economic ties between the two countries following unprecedented Western sanctions on Moscow. From shipping firms to port operators, shares of more than a dozen Chinese companies that have trade

By Esha Mitra and Rhea Mogul, CNN Indian university student Niranjana Santhosh was so close to being evacuated from the bombarded Ukrainian city of Sumy on Monday that she was sitting on a bus with her bags packed, waiting for the driver to start the engine. But three hours later, she and dozens of other

By Paul R. La Monica, CNN Business Tech stocks, like the rest of the broader market, have seen their fair share of ups and downs since Russia’s invasion of Ukraine at the end of February. But for one part of the technology sector — cybersecurity -— it’s been a roaring bull market for the past

By Julia Horowitz, CNN Business The run-up in oil prices since Russia invaded Ukraine has been dramatic. But analysts and traders think the recent rally could be just the beginning, as warnings of $200 crude start to trickle through the market. What’s happening: The price of oil soared to its highest level since 2008 on

By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Protests were documented in dozens of Russian cities on Sunday — risky actions against a war that Russians are not supposed to call a “war.” OVD-Info, an independent monitoring group

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 Kunyi Yang, CNN Business The Russian Tea Room is a 100-year-old New York City icon that has long drawn in locals and tourists alike. In its heyday, the restaurant hosted such luminaries as choreographer George Balanchine, artist Salvador Dali and composer Leonard Bernstein, and it was featured in the movies “Tootsie” and “Manhattan.” It

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 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 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