Money Archives

These business owners survived Covid. Now gas prices are surging

March 10, 2022 9:12 AM CNN

By Alicia Wallace, CNN Business Earth & Sky Floral Designs, located on the Laguna Pueblo reservation in New Mexico, is the only florist for…

These business owners survived Covid. Now gas prices are surging

March 10, 2022 9:12 AM CNN

By Alicia Wallace, CNN Business Earth & Sky Floral Designs, located on the Laguna Pueblo reservation in New Mexico, is the only florist for…

Amazon and Alphabet could give the Dow a 21st century facelift

March 10, 2022 9:11 AM CNN Newsource

By Paul R. La Monica, CNN Business Amazon and Google owner Alphabet are two of the most dominant companies on Earth. Each is worth more than $1…

Mortgages rates are on the rise again amid inflation fears

March 10, 2022 8:36 AM CNN Newsource

By Anna Bahney, CNN Business Mortgage rates are rising again amid fears of soaring inflation. The 30-year fixed-rate mortgage averaged 3.85% in the…

Goldman Sachs and JPMorgan are getting out of Russia

March 10, 2022 7:40 AM CNN Newsource

By Matt Egan, CNN Business Goldman Sachs is exiting Russia, becoming the first major Wall Street bank to announce plans to do so after the invasion…

Peloton is testing a new rental model

March 10, 2022 7:04 AM CNN Newsource

By Jordan Valinsky, CNN Business Peloton is testing a new rental model, marking the fitness company’s first significant strategy change under…

Fool’s gold or safe haven? War puts bitcoin to the test

March 10, 2022 6:33 AM CNN Newsource

By Julia Horowitz, CNN Business Advocates of bitcoin have long claimed that the cryptocurrency has much in common with gold. They envision a world in…

Key inflation measure jumps to highest level since January 1982

March 10, 2022 6:32 AM CNN Newsource

By Anneken Tappe, CNN Business Prices kept rising last month in America, pushing a key inflation measure to a level not seen since January 1982. The…

Analysis: Russia and QAnon have the same false conspiracy theory about Ukraine

March 10, 2022 12:49 AM CNN

By Donie O’Sullivan, CNN Business A new conspiracy theory has become popular among some of the online communities that formed around QAnon…

An election in India’s most populous state pits Covid-19 anger against Hindu nationalism

March 9, 2022 7:04 PM CNN Newsource

By Rhea Mogul, Vedika Sud, Arpit Goel and Vijay Bedi, CNN Ritesh Mishra vowed to care for the dead, even if it meant risking his own life last year…

Analysis: Russia and QAnon have the same false conspiracy theory about Ukraine

March 9, 2022 5:47 PM CNN Newsource

By Donie O’Sullivan, CNN Business A new conspiracy theory has become popular among some of the online communities that formed around QAnon…

Amazon’s stock is about to get much, much cheaper

March 9, 2022 4:29 PM CNN Newsource

By David Goldman, CNN Business Amazon shares are about to get 20 times less expensive. The company announced Wednesday its board approved a 20-for-1…

‘Obi-Wan Kenobi’ trailer brings Star Wars’ iconic Jedi to Disney+

March 9, 2022 2:23 PM CNN Newsource

By Frank Pallotta, CNN Business “Hello there.” That’s what Star Wars fans were saying about the first look at Disney+’s…

‘Obi-Wan Kenobi’ trailer brings Star Wars’ iconic Jedi to Disney+

March 9, 2022 2:23 PM CNN

By Frank Pallotta, CNN Business “Hello there.” That’s what Star Wars fans were saying about the first look at Disney+’s…

Disney CEO says he will meet with Ron DeSantis to oppose ‘Don’t Say Gay’ bill

March 9, 2022 1:30 PM CNN Newsource

By Frank Pallotta, CNN Business Bob Chapek, Disney’s CEO, was criticized Monday for speaking out about — but not directly condemning —…

First sign of oil price relief: UAE says it wants OPEC to increase production

March 9, 2022 11:58 AM CNN Newsource

By David Goldman and Becky Anderson, CNN Business The oil market has been stretched incredibly thin, with few producers willing — or able — to…

WarnerMedia and Discovery join the stampede of businesses leaving Russia

March 9, 2022 11:58 AM CNN

By Brian Stelter, CNN Business Major media companies continue to join the exodus from Russia, with Discovery and WarnerMedia making announcements on…

WarnerMedia and Discovery join the stampede of businesses leaving Russia

March 9, 2022 11:58 AM CNN Newsource

By Brian Stelter, CNN Business Major media companies continue to join the exodus from Russia, with Discovery and WarnerMedia making announcements on…

For big American banks, Powell matters more than Putin

March 9, 2022 11:53 AM CNN Newsource

By Paul R. La Monica, CNN Business American and European businesses are rapidly distancing themselves from Russia in the wake of its invasion of…

Volkswagen’s bus is finally back. And now it’s electric

March 9, 2022 11:22 AM CNN

By Peter Valdes-Dapena, CNN Business It’s been promised for years. Now it’s finally here. Volkswagen has unveiled the production version…

Volkswagen’s bus is finally back. And now it’s electric

March 9, 2022 11:22 AM CNN Newsource

By Peter Valdes-Dapena, CNN Business It’s been promised for years. Now it’s finally here. Volkswagen has unveiled the production version…

Charles Entenmann, builder of the baked goods empire, has died

March 9, 2022 10:35 AM CNN Newsource

By Jordan Valinsky, CNN Business Charles Entenmann, who helped to turn his family’s bakery into a baked goods behemoth, died recently,…

As home values soar, the wealth gap grows

March 9, 2022 10:30 AM CNN Newsource

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…

Tinder is making criminal background checks available on your dates

March 9, 2022 7:36 AM CNN Newsource

By Sara Ashley O’Brien, CNN Business Tinder wants to help people surface red flags about potential dates through quick and affordable criminal…

Disney shows off its post-Iger politics

March 9, 2022 9:05 AM CNN Newsource

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…

No end to the worker shortage: America had 11.3 million jobs available in January

March 9, 2022 8:39 AM CNN Newsource

By Anneken Tappe, CNN Business America’s worker shortage is far from over: In January, the nation had 11.3 million jobs to fill and not enough…

The world may be facing one of the largest energy shocks ever, Goldman Sachs says

March 9, 2022 8:23 AM CNN Newsource

By Matt Egan, CNN Business Russia’s invasion of Ukraine and the West’s crackdown on Moscow has left the world economy exposed to an epic…

Europe is talking about joining the Russian oil embargo

March 9, 2022 8:23 AM CNN

By Mark Thompson and James Frater, CNN Business Europe will consider joining a US-led embargo of Russian oil this week as the West looks for new ways…

Dow jumps more than 700 points after four-day losing streak

March 9, 2022 8:10 AM CNN

By Paul R. La Monica, CNN Business Stocks surged Wednesday as investors celebrated a drop in crude oil prices. The Dow gained more than 700 points,…

Dow jumps more than 650 points as stocks end four-day losing streak

March 9, 2022 8:10 AM CNN Newsource

By Paul R. La Monica, CNN Business Stocks surged Wednesday, snapping a four-day losing streak, as investors celebrated a drop in crude oil prices.…

Soaring gas prices are hurting Americans. It’s time for more stimulus checks

March 9, 2022 7:54 AM CNN Newsource

Opinion by Mark Wolfe for CNN Business Perspectives Rising inflation is hitting all sectors of the economy. The overall rate of inflation on an…

Amazon may face criminal liability for lying to Congress, House lawmakers allege

March 9, 2022 7:23 AM CNN Newsource

By Brian Fung, CNN House lawmakers who spent much of 2019 and 2020 probing Amazon for possible antitrust violations now accuse the tech giant of…

Tinder is making criminal background checks available on your dates

March 9, 2022 7:01 AM CNN

By Sara Ashley O’Brien, CNN Business Tinder wants to help people surface red flags about potential dates through quick and affordable criminal…

Investors nervously wait for Putin’s next move

March 9, 2022 6:39 AM CNN Newsource

By Julia Horowitz, CNN Business Oil prices are pulling back and stocks are jumping higher as investors take a beat to consider what Russian President…

How Putin ‘destroyed’ the ruble and brought Russia to the brink of default

March 9, 2022 6:12 AM CNN Newsource

By Charles Riley, CNN Business Russia has banned its citizens from buying US dollars, completing the isolation of an economy that once had ambitions…

‘It’s a tragedy we are witnessing’

March 9, 2022 6:00 AM CNN Newsource

By Jill Dougherty, for CNN A week after Russia invaded Ukraine, the staff of Russia’s last independent TV channel, TV Rain, also known as…

Joe Biden orders study of cryptocurrency risks and a digital dollar

March 9, 2022 5:36 AM CNN Newsource

By Betsy Klein, CNN Business President Joe Biden will sign an executive order Wednesday establishing the first-ever federal strategy on…

IHOP launches loyalty program

March 9, 2022 5:32 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business The International House of Pancakes is opening a bank. A pancake bank. That’s the concept for the…

Why US gas prices are at a record and why they’ll stay high for a long time

March 9, 2022 5:08 AM CNN Newsource

By Chris Isidore, CNN Business Russia’s invasion of Ukraine is a major reason that US drivers are paying record prices for gasoline. But…

Fertilizer giant Yara slashes production in Europe

March 9, 2022 3:53 AM CNN Newsource

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…

Cathay will fly only 2% of normal passenger capacity as Hong Kong remains sealed off

March 9, 2022 12:57 AM CNN Newsource

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…

News outlets make difficult and varying decisions to navigate Russia’s new media law

March 8, 2022 10:16 PM CNN Newsource

By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…

Burger King pulls support from its Russian locations

March 8, 2022 3:54 PM CNN

By Danielle Wiener-Bronner, CNN Business Burger King is the latest fast food chain to pull corporate support from its businesses in Russia.…

Gas prices are spiking. It’s time for another look at plug-in hybrids

March 8, 2022 2:39 PM CNN Newsource

By Peter Valdes-Dapena, CNN Business As America shifts towards electric cars, plug-in hybrids are often forgotten. Their potential benefits are lost…

You can still find ‘cheap’ gas — if you know where to look

March 8, 2022 2:03 PM CNN Newsource

By Chris Isidore, CNN Business The US average price of gas now stands at a record $4.17 a gallon. But gas for less than $4 a gallon can still be…

Former top national security officials side with Apple in app store antitrust case

March 8, 2022 1:36 PM CNN

By Brian Fung, CNN Former senior national security officials, including two ex-CIA directors and a past NSA director, are backing Apple’s app…

Lululemon jumps into the footwear business

March 8, 2022 1:31 PM CNN Newsource

By Parija Kavilanz, CNN Business Lululemon unveiled a new product Tuesday that speaks to the upscale brand’s ambition to expand into new…

Spotify, Discord experience widespread disruption

March 8, 2022 12:24 PM CNN Newsource

By Rishi Iyengar, CNN Business Spotify and Discord experienced disruptions to their services on Tuesday. Several Spotify users reported being…

The West closes in on Russia’s last lifeline

March 8, 2022 12:20 PM CNN Newsource

By David Goldman, CNN Business The United States and Europe have pummeled Russia with unprecedented sanctions over the past several weeks as Vladimir…

First sign of oil price relief: UAE says it wants OPEC to increase production

March 8, 2022 12:04 PM CNN

By David Goldman and Becky Anderson, CNN Business The oil market has been stretched incredibly thin, with few producers willing — or able — to…

Kohl’s says it’s no longer a department store

March 8, 2022 11:10 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Kohl’s is under intense pressure from Wall Street raiders and up against stiff competition from Amazon,…

McDonald’s, Starbucks and Coca-Cola leave Russia

March 8, 2022 10:37 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business McDonald’s and Starbucks are shutting their restaurants and cafes in Russia, and Coca-Cola is…

Soaring nickel prices could be the next major headache for automakers

March 8, 2022 8:56 AM CNN Newsource

By Anna Cooban, CNN Business Nickel prices have soared to all-time highs in the wake of Russia’s invasion of Ukraine, threatening the global…

Record gas prices feel like a slap in the face. And there’s more to come

March 8, 2022 10:23 AM CNN Newsource

By Allison Morrow, CNN Business As the world barrels into Year Three of the pandemic, Americans are entering a new phase or economic anxiety — an…

Better, after firing 900 employees over Zoom, is laying off 3,000 more workers

March 8, 2022 10:00 AM CNN Newsource

By Jordan Valinsky, CNN Business Better.com, the embattled online mortgage company, announced Tuesday that it’s taking the “difficult…

Athleta CEO: Women are driving the economy. It’s time for businesses to prioritize them

March 8, 2022 8:16 AM CNN Newsource

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…

Joining a company remotely? Here’s how to bond with your colleagues

March 8, 2022 7:58 AM CNN Newsource

By Kathryn Vasel, CNN Business Getting to know new colleagues through a box on your screen while working from home can have its challenges. Recent…

Google is buying cybersecurity firm Mandiant for $5.4 billion

March 8, 2022 7:45 AM CNN Newsource

By Jennifer Korn Google on Tuesday announced it has agreed to buy cybersecurity firm Mandiant for around $5.4 billion, one of the largest…

Apple unveils first budget 5G iPhone

March 8, 2022 6:20 AM CNN Newsource

By Samantha Murphy Kelly, CNN Business At its first product event of the year on Tuesday, Apple unveiled an upgraded iPad Air, a new desktop computer…

How Russia’s war could knock out Europe’s economy

March 8, 2022 6:13 AM CNN Newsource

By Charles Riley, CNN Business Stagflation strikes fear into the hearts of economists — and policymakers —the world over. Europe could be headed…

Europe plans to slash Russian gas imports by 66% this year

March 8, 2022 6:05 AM CNN Newsource

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…

Your toilet paper roll is slimming down

March 8, 2022 5:23 AM CNN Newsource

By Parija Kavilanz, CNN Business Slimmed down toilet paper, fewer cookies in a bag, less conditioner in squeeze tubes. The changes are subtle and…

Shell won’t buy any more Russian oil and gas

March 8, 2022 5:06 AM CNN Newsource

By Mark Thompson, CNN Business Russia is finding it ever harder to sell its oil and gas. Shell said Tuesday it was breaking completely with…

China’s amateur investors are betting big time on a boost to Russian trade

March 8, 2022 2:57 AM CNN Newsource

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…

Bus to nowhere: Indian students sent back to bunker after failed Sumy evacuation

March 8, 2022 2:32 AM CNN Newsource

By Esha Mitra and Rhea Mogul, CNN Indian university student Niranjana Santhosh was so close to being evacuated from the bombarded Ukrainian city of…

Bus to nowhere: Indian students sent back to bunker after failed Sumy evacuation

March 8, 2022 2:32 AM CNN

By Esha Mitra and Rhea Mogul, CNN Indian university student Niranjana Santhosh was so close to being evacuated from the bombarded Ukrainian city of…

The digital Iron Curtain: How Russia’s internet could soon start to look a lot like China’s

March 7, 2022 5:54 PM CNN Newsource

By Rishi Iyengar, CNN Business Like much else about the country, Russia’s internet has long straddled East and West. Russian citizens, unlike…

Disney CEO apologizes for ‘silence’ on ‘Don’t Say Gay’ bill

March 7, 2022 5:02 PM CNN

by Frank Pallotta, CNN Business Disney CEO Bob Chapek apologized for his “silence” on Florida’s controversial bill dubbed…

US gas hits a record: $4.17 a gallon

March 7, 2022 4:48 PM CNN Newsource

By Chris Isidore, CNN Business US drivers have never paid this much for gasoline. The price for a gallon of regular gas now stands at $4.17,…

Disney CEO refuses to publicly condemn ‘Don’t Say Gay’ bill but commits to inclusivity

March 7, 2022 3:29 PM CNN Newsource

By Ramishah Maruf, CNN Business Disney CEO Bob Chapek spoke out about Florida’s controversial “Don’t Say Gay” bill in a staff…

Home prices could soar another 20% this year, but Black families are struggling to benefit

March 7, 2022 11:46 AM CNN Newsource

Opinion by Nicole Bachaud for CNN Business Perspectives The nation’s sizzling housing market is a double-edged sword: millions of existing…

A rare bright spot in the stock market may be set to fizzle out

March 7, 2022 11:35 AM CNN Newsource

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…

Activists pushed the IRS to drop facial recognition. They won, but they’re not done yet

March 7, 2022 11:32 AM CNN Newsource

By Rachel Metz, CNN Business In mid-February, privacy and digital rights activists were buzzing about a recent victory: Earlier in the month, the…

The man behind GameStop mania is coming for Bed Bath & Beyond

March 7, 2022 10:52 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Ryan Cohen, a favorite of the Reddit investors who drove the GameStop stock mania in 2020, now wants to shake…

WeWork says it is finalizing plans to divest its Russia operations

March 7, 2022 10:48 AM CNN Newsource

By Sara Ashley O’Brien, CNN Business WeWork said Monday that it is planning to divest its operations in Russia, one week after its CEO said the…

Iran’s ally Russia may spoil nuclear talks to keep oil price high

March 7, 2022 8:11 AM CNN

By Abbas Al Lawati and Nadeen Ebrahim, CNN A revival of the 2015 Iran nuclear deal appeared to be imminent by the end of last week. The main parties…

Congrats on your first job! Here’s what you need to know about your 401(k)

March 7, 2022 8:31 AM CNN Newsource

By Beth Braverman There are countless things you need to think about when you get your first full-time job: How to make a good impression on your…

The surprising reason perfume prices are skyrocketing

March 5, 2022 7:17 AM CNN Newsource

By Parija Kavilanz, CNN Business The price of premium perfumes recently soared by levels typically never seen for luxury fragrances. But don’t…

JCPenney and Tide tried to get rid of coupons. It was a disaster

March 5, 2022 7:33 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Clipping coupons is an American pastime. Reality shows devoted to extreme couponers have become sensations. But…

US gas prices are just pennies away from an all-time high

March 7, 2022 8:11 AM CNN Newsource

By Chris Isidore, CNN Business Gas prices continued to climb Monday, rising to just short of a record high. At their skyrocketing pace, the price per…

Iran’s ally Russia may spoil nuclear talks to keep oil price high

March 7, 2022 7:56 AM CNN Newsource

By Abbas Al Lawati and Nadeen Ebrahim, CNN A revival of the 2015 Iran nuclear deal appeared to be imminent by the end of last week. The main parties…

Netflix quits Russia and TikTok won’t allow new posts

March 7, 2022 6:55 AM CNN Newsource

By Anna Cooban, CNN Business Netflix and TikTok are suspending all or part of their services in Russia, adding to a long list of companies boycotting…

Netflix quits Russia and TikTok won’t allow new posts

March 7, 2022 6:55 AM CNN

By Anna Cooban, CNN Business Netflix and TikTok are suspending all or part of their services in Russia, adding to a long list of companies boycotting…

Oil is up 60% this year. How high can prices go?

March 7, 2022 5:49 AM CNN Newsource

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…

Despite Russia’s restrictions on the press, ‘time is on the side of liberty,’ Radio Free Europe CEO says

March 6, 2022 9:05 PM CNN Newsource

By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…

News outlets make difficult and varying decisions to navigate Russia’s new media law

March 6, 2022 9:05 PM CNN

By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…

Soaring nickel prices could be the next major headache for automakers

March 6, 2022 7:49 PM CNN

By Anna Cooban, CNN Business Nickel prices have soared to all-time highs in the wake of Russia’s invasion of Ukraine, threatening the global…

Stocks sink and oil prices soar as US and allies consider Russian import ban

March 6, 2022 7:36 PM CNN Newsource

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…

American Express suspends operations in Russia and Belarus

March 6, 2022 3:56 PM CNN Newsource

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…

Here’s how CNN verifies social media footage from the war zone

March 6, 2022 12:47 PM CNN Newsource

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 Batman’ soars to a big box office opening

March 6, 2022 9:13 AM CNN Newsource

By Frank Pallotta, CNN Business Theaters needed a hero, and they got one in a big way this weekend. “The Batman” — which stars Robert…

Best Buy founder: What every US college should teach their students

March 6, 2022 8:36 AM CNN Newsource

Opinion by Richard M. Schulze for CNN Business Perspectives The value of a college education has come under scrutiny in recent years. With average…

What to expect at Apple’s first product event of the year

March 6, 2022 7:47 AM CNN Newsource

By Samantha Murphy Kelly, CNN Business Apple is about to hold its first big product event of 2022 and the focus will be on performance. That likely…

War in Ukraine has sparked a scramble for dollars

March 6, 2022 6:50 AM CNN Newsource

By Julia Horowitz, CNN Business The US dollar serves as the backbone of the global economy and is considered the safest currency to hold. So in times…

‘SNL’ kicks off with a Fox News ‘Ukrainian Invasion Celebration Spectacular’

March 6, 2022 3:16 AM CNN

By Frank Pallotta, CNN Business “Saturday Night Live” kicked off this week’s episode with a Fox News “Ukrainian Invasion…

‘SNL’ kicks off with a Fox News ‘Ukrainian Invasion Celebration Spectacular’

March 5, 2022 10:29 PM CNN Newsource

By Frank Pallotta, CNN Business “Saturday Night Live” kicked off this week’s episode with a Fox News “Ukrainian Invasion…

IMF warns of economic fallout to Ukraine invasion

March 5, 2022 2:24 PM CNN Newsource

By Ramishah Maruf, CNN The International Monetary Fund said it would bring Ukraine’s request for $1.4 billion in emergency financing to its…

The Russian Tea Room in New York City suffers as Ukraine invasion escalates

March 5, 2022 11:30 AM CNN Newsource

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…

Stoli vodka announces rebrand

March 5, 2022 9:44 AM CNN Newsource

By Ramishah Maruf, CNN The maker of Stolichnaya vodka announced a major rebrand Friday, in direct response to its founder’s “vehement…

Higher food prices and slumping trade. How the war in Ukraine could hit Africa

March 5, 2022 8:11 AM CNN Newsource

By Nimi Princewill, CNN As Russian troops tear through Ukraine, swathes of Africa are gearing up to bear the brunt of a potentially drawn-out…