Money Archives

The surprising reason why Wendy’s burgers are square

February 26, 2022 5:34 AM CNN Newsource

By Jordan Valinsky, CNN Business It doesn’t matter where you go: Fast-food hamburgers almost uniformly look like the same round, flat patties.…

Target boosts its starting pay for some jobs to $24 an hour

February 28, 2022 8:55 AM CNN Newsource

By Parija Kavilanz, CNN Business Target announced Monday that it is raising its starting wage for workers in some positions to up to $24. The…

Which Batman actor has made the most at the ticket booth?

February 27, 2022 4:01 AM CNN Newsource

By Frank Pallotta, CNN Business Robert Pattinson will be the latest actor to don the cape and cowl on the big screen in “The Batman,”…

Welcome to Diversifying, a new money podcast for a changing world

February 28, 2022 10:00 AM CNN

By Delyanne Barros for CNN Business The Great Resignation and the pandemic have left an indelible mark on America’s workforce. While many have…

Welcome to Diversifying, a new money podcast for a changing world

February 28, 2022 10:00 AM CNN Newsource

By Delyanne Barros for CNN Business The Great Resignation and the pandemic have left an indelible mark on America’s workforce. While many have…

Chris Licht introduces himself to CNN as its next CEO

February 28, 2022 9:05 AM CNN Newsource

By Brian Stelter, CNN Business Discovery on Monday confirmed that Chris Licht will become the new head of CNN when Discovery and WarnerMedia merge…

Chris Licht introduces himself to CNN as its next CEO

February 28, 2022 9:04 AM CNN

By Brian Stelter, CNN Business Discovery on Monday confirmed that Chris Licht will become the new head of CNN when Discovery and WarnerMedia merge…

Estée Lauder fires a senior executive for offensive Instagram post

February 28, 2022 8:38 AM CNN Newsource

By Jordan Valinsky, CNN Business Estée Lauder has fired John Demsey, a senior executive at the makeup company, for an offensive Instagram post on…

Russia tries to stop Western companies fleeing the country

February 28, 2022 8:10 AM CNN

By Mark Thompson and Vasco Cotovio, CNN Business Russian President Vladimir Putin is trying to stem the flow of Western businesses fleeing the…

Inflation will be worse than feared this year, Goldman Sachs predicts

February 28, 2022 7:28 AM CNN Newsource

By Matt Egan, CNN Business Red-hot inflation in the United States may not cool off this year as much as many hoped, Goldman Sachs cautioned in a new…

Meta says it’s shut down a pro-Russian disinformation network, warns of a social media hacking operation

February 28, 2022 6:56 AM CNN Newsource

By Brian Fung, CNN Facebook’s parent Meta said Monday it has caught dozens of fake, pro-Russian accounts, groups and pages across its platforms…

The war in Ukraine has made Russian assets toxic

February 28, 2022 6:33 AM CNN Newsource

By Julia Horowitz, CNN Business In less than a week, Russian assets have become practically untouchable for Western investors, who see no reason to…

Two Russian oligarchs call for an end to Putin’s war

February 28, 2022 6:26 AM CNN Newsource

By Charles Riley, CNN Business Russian billionaires Mikhail Fridman and Oleg Deripaska have broken ranks with the Kremlin and called for an end to…

What is SWIFT and how is it being used against Russia?

February 28, 2022 4:58 AM CNN

By Charles Riley, CNN Business The West has pledged to remove some Russian banks from SWIFT, a messaging service that connects financial institutions…

What is SWIFT and how is it being used against Russia?

February 28, 2022 4:58 AM CNN Newsource

By Charles Riley, CNN Business The West has pledged to remove some Russian banks from SWIFT, a messaging service that connects financial institutions…

Russia faces financial meltdown as sanctions slam its economy

February 28, 2022 1:49 AM CNN Newsource

By Mark Thompson, Anna Chernova and Vasco Cotovio, CNN Business Russia was scrambling to prevent financial meltdown Monday as its economy was slammed…

Google follows YouTube in cutting off ad revenue to Russian state media

February 27, 2022 10:24 PM CNN Newsource

By Brian Fung, CNN Business Google will no longer allow Russian state media outlets to run ads, following a similar decision on Saturday by the tech…

Google follows YouTube in cutting off ad revenue to Russian state media

February 27, 2022 10:24 PM CNN

By Brian Fung, CNN Business Google will no longer allow Russian state media outlets to run ads, following a similar decision on Saturday by the tech…

Stocks fall and oil surges as West pours on Russian sanctions

February 27, 2022 9:01 PM CNN Newsource

By David Goldman and Laura He, CNN Business Stock markets fell and oil prices surged Monday as investors grew increasingly concerned about the…

States want to boycott Russian vodka. Here’s why that won’t work

February 27, 2022 7:41 PM CNN

By Jordan Valinsky, CNN Business Russian-made alcohol is the latest target in the growing backlash against the country’s invasion of Ukraine.…

BP will dump its 20% stake in Russian oil giant Rosneft

February 27, 2022 12:06 PM CNN Newsource

By Ramishah Maruf, CNN Business BP is cutting ties with Rosneft in response to Russia’s invasion of Ukraine. The British company said in a…

BitConnect founder charged with orchestrating $2 billion Ponzi scheme

February 27, 2022 11:45 AM CNN Newsource

By Ramishah Maruf, CNN A federal grand jury in San Diego indicted the founder of BitConnect for allegedly orchestrating a $2.4 billion global Ponzi…

SpaceX Starlink user terminals arrive in Ukraine, officials says

February 27, 2022 11:28 AM CNN Newsource

By Emma Tucker, Melissa Alonso and Jackie Wattles, CNN A shipment of Starlink user terminals — small antennas that allow customers to access…

Pickleball, virtual golf, skydiving, craft beer: How malls are luring shoppers

February 27, 2022 9:47 AM CNN Newsource

By Parija Kavilanz, CNN Business As Covid restrictions ease, expect to see more malls morph into family entertainment destinations where shopping may…

States want to boycott Russian vodka. Here’s why that won’t work

February 27, 2022 8:12 AM CNN Newsource

By Jordan Valinsky, CNN Business Russian-made alcohol is the latest target in the growing backlash against the country’s invasion of Ukraine.…

The invasion of Ukraine changed everything for Wall Street

February 27, 2022 5:48 AM CNN Newsource

By Julia Horowitz, CNN Business Russian President Vladimir Putin’s decision to invade Ukraine last week shattered the security order in Europe…

‘SNL’ returns from hiatus with a powerful tribute to Ukraine

February 27, 2022 3:13 AM CNN

By Frank Pallotta, CNN Business “Saturday Night Live” returned from a nearly monthlong hiatus without a cold open. Instead of a funny…

‘SNL’ returns from hiatus with a powerful tribute to Ukraine

February 26, 2022 10:28 PM CNN Newsource

By Frank Pallotta, CNN Business “Saturday Night Live” returned from a nearly monthlong hiatus without a cold open. Instead of a funny…

Meta and YouTube block Russian state media from monetizing on its platforms

February 26, 2022 3:48 PM CNN Newsource

By Ramishah Maruf, CNN YouTube said Saturday that it will temporarily halt the ability of a number of Russian channels, including state-sponsored RT,…

Russia’s economy is surprisingly tiny. Here’s why it matters so much to you

February 26, 2022 1:35 PM CNN Newsource

By Chris Isidore, CNN Business Russia isn’t a superpower, at least not when it comes to the global economy. Its gross domestic product puts it…

Chris Licht has been selected as next president of CNN

February 26, 2022 9:39 AM CNN Newsource

By Brian Stelter, CNN Business Chris Licht, the producer who created “Morning Joe,” revamped “CBS This Morning” and…

Bitcoin jumps back above $40,000 as Russians switch to crypto

February 26, 2022 8:57 AM CNN

By Michelle Toh, CNN Business Cryptocurrency prices are climbing after Russia’s ruble sank to another record low and Moscow was hit with new…

Bitcoin is getting even dirtier

February 26, 2022 8:57 AM CNN Newsource

By Jon Sarlin, CNN Business Bitcoin is a pollution-creating mess. Despite efforts to make the energy-intensive mining process friendlier to the…

Here’s how social media platforms are responding to Russia’s invasion of Ukraine

February 26, 2022 8:31 AM CNN Newsource

By Clare Duffy and Brian Fung, CNN Business Ukraine’s official Twitter account wants @Russia to be removed from the platform. YouTube is facing…

Warren Buffett’s Berkshire Hathaway posts nearly $40 billion profit

February 26, 2022 8:06 AM CNN Newsource

By Paul R. La Monica, CNN Business Warren Buffett’s Berkshire Hathaway reported a nearly $40 billion profit in the fourth quarter, up more than…

What inflation? Cannabis actually costs less these days

February 26, 2022 3:30 AM CNN Newsource

By Alicia Wallace, CNN Business The grocery run, the fuel-up and the utility bill are all costing more these days — not to mention the surging home…

‘We want to get the news out’: How Ukraine’s journalists are covering the invasion of their country

February 25, 2022 8:46 PM CNN

By Oliver Darcy, CNN Business The state of affairs in the Ukrainian capital of Kyiv keeps changing at a breakneck pace. Within days, residents have…

‘We want to get the news out’: How Ukraine’s journalists are covering the invasion of their country

February 25, 2022 8:46 PM CNN Newsource

By Oliver Darcy, CNN Business The state of affairs in the Ukrainian capital of Kyiv keeps changing at a breakneck pace. Within days, residents have…

Union organizers win another Starbucks vote

February 25, 2022 4:24 PM CNN Newsource

By Chris Isidore, CNN Business Union organizers overwhelmingly won a vote Friday to represent workers at a Starbucks in Mesa, Arizona, giving them…

How the Russian invasion of Ukraine is impacting global aviation

February 25, 2022 3:50 PM CNN Newsource

By Jennifer Korn, Pete Muntean and Gregory Wallace, CNN The Russian invasion of Ukraine has already killed hundreds, sent thousands of refugees…

Big Tech cracks down on Russian state media content amid mounting pressure

February 25, 2022 12:23 PM CNN

By Brian Fung, CNN Business Facebook, Twitter and YouTube are all taking tougher stances on content from Russian state media amid intensifying…

FCC probes media and telecom sector for Russia ownership ties

February 25, 2022 12:40 PM CNN

By Brian Fung, CNN Business The Federal Communications Commission is on the hunt for companies it oversees that may have ownership ties to Russia, in…

FCC probes media and telecom sector for Russia ownership ties

February 25, 2022 12:40 PM CNN Newsource

By Brian Fung, CNN Business The Federal Communications Commission is on the hunt for companies it oversees that may have ownership ties to Russia, in…

Russia moves to ‘partially restrict’ Facebook access over censorship allegations

February 25, 2022 11:55 AM CNN Newsource

By Brian Fung, CNN Business The Russian government moved to “partially restrict” Facebook access in the country on Friday after…

Russia moves to ‘partially restrict’ Facebook access over censorship allegations

February 25, 2022 11:55 AM CNN

By Brian Fung, CNN Business The Russian government moved to “partially restrict” Facebook access in the country on Friday after…

Elon Musk and brother reportedly face insider trading probe

February 25, 2022 9:46 AM CNN Newsource

By Chris Isidore, CNN Business Tesla CEO Elon Musk and his brother are under investigation by the Securities and Exchange Commission for possibly…

Burger King’s largest franchise cuts chicken nugget count as prices surge

February 25, 2022 6:42 AM CNN Newsource

By Jordan Valinsky, CNN Business Chicken nuggets have fallen victim to rising prices. Burger King’s largest franchisee in the United States…

Foot Locker’s stock tumbles 35% because Nike wants to go on its own

February 25, 2022 9:20 AM CNN Newsource

By Jordan Valinsky, CNN Business Foot Locker’s stock tumbled 35% Friday after the shoe store predicted sales and profit would fall sharply this…

The Black homeownership rate is now lower than it was a decade ago

February 25, 2022 8:45 AM CNN Newsource

By Anna Bahney, CNN Business Even as home prices have skyrocketed during the pandemic, homeownership continues to grow. But the rate of home buying…

Instacart desperately needed them not long ago. Now some workers say they are struggling to get orders

February 25, 2022 8:17 AM CNN Newsource

By Sara Ashley O’Brien, CNN Business In the early days of the pandemic, as households around the country went into lockdown, shoppers for…

The labor shortage could lead to a recession next year

February 25, 2022 7:12 AM CNN Newsource

Opinion by Gad Levanon for CNN Business Perspectives Over the past 12 months, US consumer prices rose by 7.5%, the highest rate in nearly 40 years.…

This key measure of inflation climbed at the fastest pace since 1982 last month

February 25, 2022 6:49 AM CNN

By Anneken Tappe, CNN Business Yet another key measure of inflation ticked higher at the start of the year, rising at its fastest pace in nearly 40…

Another squeeze on Russia: Three shipping companies won’t sail there

February 25, 2022 6:46 AM CNN

By Chris Liakos, CNN Business Two of the world’s biggest container shipping companies are halting cargo bookings to and from Russia. “As…

Oil traders are shunning Russian crude. Here’s why

February 25, 2022 6:46 AM CNN Newsource

By Julia Horowitz, CNN Business The West has not gone after Russian oil. But nervous traders have decided they still don’t want to touch it,…

This key measure of inflation climbed at the fastest pace since 1982 last month

February 25, 2022 6:37 AM CNN Newsource

By Anneken Tappe, CNN Business Yet another key measure of inflation ticked higher at the start of the year, rising at its fastest pace in nearly 40…

These companies have the most to lose from Russia’s attack on Ukraine

February 25, 2022 5:50 AM CNN

By Jordan Valinsky, CNN Business International companies that hold a major presence in Russia are bracing for more sanctions from Western countries.…

These companies have the most to lose from Russia’s attack on Ukraine

February 25, 2022 5:50 AM CNN Newsource

By Jordan Valinsky, CNN Business International companies that hold a major presence in Russia are bracing for more sanctions from Western countries.…

China lifts restrictions on Russian wheat imports

February 25, 2022 5:29 AM CNN Newsource

By Laura He, CNN Business China has relaxed restrictions on imports of Russian wheat, a move that could address food security concerns in the…

$100 oil won’t derail the US economy

February 25, 2022 4:35 AM CNN Newsource

By Chris Isidore, CNN Business Russia’s invasion of Ukraine has sent oil futures above $100 a barrel for the first time since 2014 and will…

British Airways cancels Moscow flights as Russia retaliates over Aeroflot ban

February 25, 2022 4:26 AM CNN Newsource

By Mark Thompson, CNN Business British Airways has suspended its flights to Moscow after Russia banned all UK carriers from its airspace.…

The West could still kick Russia out of SWIFT as the ‘last resort’

February 25, 2022 3:32 AM CNN Newsource

By Charles Riley, CNN Business The West has announced a barrage of tough new sanctions aimed at cutting off Russia’s banks from the global…

The list of global sanctions on Russia for the war in Ukraine

February 25, 2022 12:21 AM CNN Newsource

By Michelle Toh, Junko Ogura, Hira Humayun, Isaac Yee, Eric Cheung, Sam Fossum and Ramishah Maruf, CNN Countries around the world are imposing fresh…

The West could still kick Russia out of SWIFT as the ‘last resort’

February 25, 2022 12:21 AM CNN

By Charles Riley, CNN Business The West has announced a barrage of tough new sanctions aimed at cutting off Russia’s banks from the global…

Tips for navigating social media ‘fog of war’ as Russia invades Ukraine

February 24, 2022 9:58 PM CNN Newsource

By Brian Stelter and Clare Duffy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can…

Big Oil CEO responds to Biden: We would never ‘take advantage of’ war in Ukraine

February 24, 2022 6:20 PM CNN Newsource

By Matt Egan, CNN American Petroleum Institute CEO Mike Sommers insisted on Thursday that US oil companies would not seek to capitalize on…

Parents are desperate after baby formula recall wipes out supply

February 24, 2022 11:55 AM CNN Newsource

By Parija Kavilanz, CNN Business It’s a nightmare no parent ever wants to endure. Families all over the country are in a race against the clock…

Random braking in Honda Accord and CR-V under investigation

February 24, 2022 2:12 PM CNN Newsource

By Peter Valdes-Dapena, CNN Business The National Highway Traffic Safety Administration is investigating popular Honda Accord sedans and CR-V SUVs…

Financial sanctions are easier than ever for Russians to evade. Thank Bitcoin

February 24, 2022 1:39 PM CNN Newsource

By Allison Morrow, CNN Business The West’s initial salvo of financial sanctions against Russia failed to deter President Vladimir Putin from…

Oil tops $100: When will you see $4 a gallon gas in your state?

February 24, 2022 11:26 AM CNN Newsource

By Chris Isidore, CNN Business Gas prices were rising rapidly even before Russia’s invasion of Ukraine, but with the current shock to the oil…

TV news provides raw, on-the-ground view as Russia attacks Ukraine

February 24, 2022 11:23 AM CNN Newsource

By Oliver Darcy, CNN Business The bombs in the Ukrainian capital went off as CNN was broadcasting live on-air. “There are big explosions taking…

TV news provides raw, on-the-ground view as Russia attacks Ukraine

February 24, 2022 11:23 AM CNN

By Oliver Darcy, CNN Business The bombs in the Ukrainian capital went off as CNN was broadcasting live on-air. “There are big explosions taking…

Mortgage rates take a break, falling for the first time in weeks

February 24, 2022 10:51 AM CNN Newsource

By Anna Bahney After weeks of increases that pushed mortgage rates close to 4%, the climb took a break last week. The 30-year fixed-rate mortgage…

Russia’s attack on Ukraine means these prices are going even higher

February 24, 2022 10:43 AM CNN Newsource

By Julia Horowitz, CNN Business Russian President Vladimir Putin’s decision to invade Ukraine could drive prices even higher at a moment when…

The race for talent: Now job offers can come within days

February 24, 2022 5:25 AM CNN Newsource

By Kathryn Vasel When it comes to hiring, companies are moving fast. With millions of open jobs and not enough workers to fill them, employers are…

Oreo maker and Coke bottler close up shop in Ukraine

February 24, 2022 5:43 AM CNN

By Jordan Valinsky, CNN Business A number of companies have suspended production or limited manufacturing output in Ukraine because of the Russian…

Inflation will be worse than feared this year, Goldman Sachs predicts

February 24, 2022 9:40 AM CNN

By Matt Egan, CNN Business Red-hot inflation in the United States may not cool off this year as much as many hoped, Goldman Sachs cautioned in a new…

Google restores pre-pandemic perks and lifts mask mandates in Bay Area offices

February 24, 2022 8:10 AM CNN Newsource

By Brian Fung, CNN Google is relaxing Covid-19 policies at its headquarters and other offices in the San Francisco Bay Area and bringing back some of…

How Exxon, BP and Shell help Russia pump oil and gas

February 24, 2022 7:30 AM CNN Newsource

By Mark Thompson, CNN Business The West is promising “massive” sanctions on Moscow in response to Russia’s invasion of Ukraine.…

The recovery was stronger than we thought last year. Here’s why it didn’t feel that way

February 24, 2022 7:27 AM CNN Newsource

By Anneken Tappe, CNN Business The economic recovery was stronger than initially thought in the fourth quarter of last year, new data from the…

This key unemployment measure hasn’t been this low since 1970

February 24, 2022 7:17 AM CNN Newsource

By Anneken Tappe, CNN Business America’s jobs recovery didn’t lose steam in the new year with a key measure of jobless claims dropping to…

Global stocks plunge as Russia attacks Ukraine

February 24, 2022 6:02 AM CNN

By Laura He, CNN Business Global stocks plunged after President Vladimir Putin launched an invasion of Ukraine, drawing condemnation from the West…

All the ways Putin’s invasion is convulsing markets

February 24, 2022 6:02 AM CNN Newsource

By Julia Horowitz, CNN Business Russian President Vladimir Putin’s decision to invade Ukraine, which could spark the biggest war in Europe…

First on CNN: Citi is the first mega bank to kill overdraft fees

February 24, 2022 6:01 AM CNN Newsource

By Matt Egan, CNN Business Citigroup is saying goodbye to overdraft fees, making it the biggest US bank to pledge to eliminate the controversial…

US braces for Russian cyberattacks as Ukraine conflict escalates. Here’s how that might play out

February 24, 2022 5:47 AM CNN Newsource

By Rishi Iyengar, CNN Business The standoff between the United States and Russia over the conflict in Ukraine has so far mainly played out on…

US braces for Russian cyberattacks as Ukraine conflict escalates. Here’s how that might play out

February 24, 2022 5:47 AM CNN

By Rishi Iyengar, CNN Business The standoff between the United States and Russia over the conflict in Ukraine has so far mainly played out on…

Oreo maker and Coke bottler close up shop in Ukraine

February 24, 2022 5:43 AM CNN Newsource

By Jordan Valinsky, CNN Business A number of companies have suspended production or limited manufacturing output in Ukraine because of the Russian…

Russian stocks crash 33% and ruble plunges to record low

February 24, 2022 3:31 AM CNN Newsource

By Mark Thompson and Chris Liakos, CNN Business Russian stocks crashed and the ruble hit a record low against the dollar on Thursday after Russian…

Russian stocks crash and ruble plunges to record low

February 24, 2022 2:59 AM CNN

By Mark Thompson and Chris Liakos, CNN Business Russian stocks crashed by more than 40% and the ruble hit a record low against the dollar on…

Bitcoin price falls after Russia attacks Ukraine

February 23, 2022 11:39 PM CNN Newsource

By Rob McLean and Michelle Toh, CNN Business The price of bitcoin fell below $35,000 early Thursday after Russian President Vladimir Putin announced…

Bitcoin price falls after Russia attacks Ukraine

February 23, 2022 11:03 PM CNN

By Rob McLean and Michelle Toh, CNN Business The price of bitcoin fell below $35,000 early Thursday after Russian President Vladimir Putin announced…

Global stocks plunge as Russia attacks Ukraine

February 23, 2022 10:45 PM CNN

By Laura He, CNN Business Global stocks plunged after President Vladimir Putin launched a military attack on Ukraine, drawing condemnation from the…

Global stocks plunge as Russia attacks Ukraine

February 23, 2022 9:50 PM CNN Newsource

By Laura He, CNN Business Global stocks plunged after President Vladimir Putin launched an invasion of Ukraine, drawing condemnation from the West…

Dow futures, Asian markets plunge as Russia-Ukraine crisis escalates

February 23, 2022 9:50 PM CNN

By Laura He, CNN Business Asian markets and US stock futures plunged on Thursday as Russian President Vladimir Putin announced a military operation…

Global oil prices soar above $100 and could go much higher

February 23, 2022 9:20 PM CNN Newsource

By Matt Egan and Charles Riley, CNN Business Oil prices surged above $100 per barrel after Russia launched an invasion of Ukraine, piling pressure on…

Global oil prices soar above $100 and could go much higher

February 23, 2022 9:01 PM CNN

By Matt Egan and Charles Riley, CNN Business Oil prices surged above $100 per barrel after Russia launched an invasion of Ukraine, piling pressure on…

Target will hand you a Starbucks coffee with your curbside pickup order

February 23, 2022 8:20 AM CNN Newsource

By Jordan Valinsky, CNN Business Delivery is a shopper’s dream — but it’s an expensive hassle for businesses, even for…

Airlines cancel Ukraine flights as threat of war grows

February 23, 2022 4:33 PM CNN

By Anna Cooban, CNN Business Air France and Lufthansa are the latest airlines to suspend flights into Ukraine as fears of a Russian invasion grow.…

Dow falls more than 460 points as Russia-Ukraine worries sink sentiment

February 23, 2022 1:38 PM CNN Newsource

By Paul R. La Monica, CNN Business Wall Street’s attempt for a Wednesday rally failed, with stocks closing broadly lower on continued worries…

Stocks fall again as Russia-Ukraine worries sink sentiment

February 23, 2022 1:38 PM CNN

By Paul R. La Monica, CNN Business Wall Street’s attempt for a Wednesday rally failed as stocks sank in late afternoon trading due to continued…

Don’t expect the Fed to slow rate hikes just because of the midterms

February 23, 2022 11:24 AM CNN Newsource

By Paul R. La Monica, CNN Business The Federal Reserve is going to raise interest rates at its next meeting on March 16 to try to put a lid on…

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