War in Ukraine scrambles the Fed’s options
By Julia Horowitz, CNN Business Federal Reserve Chair Jerome Powell had been making himself very clear: To fight inflation, the US central bank would…
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Powell says rate hike is still coming, but notes ‘highly uncertain’ impact of Ukraine invasion
By Anneken Tappe, CNN Business The time of ultra-low interest rates has come to an end. That’s what Federal Reserve Chair Pro Tempore Jerome…
Continue ReadingRussians are bracing for a dramatic shift in their standard of living
By Allison Morrow, CNN Business As Western sanctions take root, Russians are bracing for a dramatic shift in their standard of living as their…
Continue ReadingKey jobs measure says America added 475,000 positions in February, beating expectations
By Anneken Tappe, CNN Business America’s companies added 475,000 jobs last month, the ADP employment report said on Wednesday. That was nearly…
Continue ReadingBig companies aren’t shy about raising prices
By Paul R. La Monica, CNN Business Consumers are feeling the pinch from inflation, and that will likely continue for the foreseeable future.…
Continue ReadingThe teenager who tracked Elon Musk’s jet is now tracking Russian oligarchs
By Jordan Valinsky, CNN Business Jack Sweeney, a Florida teen who tracks Elon Musk’s private jet online has a new aviation-themed target:…
Continue ReadingOil surges above $110 and natural gas soars as markets ‘panic’ over Russia
By Charles Riley, CNN Business Global crude oil prices surged to more than $110 per barrel and the cost of natural gas skyrocketed to a new record in…
Continue ReadingRussia says its economy is taking ‘serious blows’ as isolation grows
By Mark Thompson and Vasco Cotovio, CNN Business The Russian economy is taking “serious blows,” the Kremlin acknowledged Wednesday, as…
Continue ReadingHere are the companies pulling back from Russia
By CNN Business staff Dozens of the world’s biggest companies have abandoned or scaled back their operations in Russia in response to its…
Continue ReadingHere’s how President Biden wants to fight inflation
By Anneken Tappe, CNN Business Rising prices on everything from food to gasoline are hurting Americans. Now the White House has unveiled a plan to…
Continue ReadingExxon is quitting its last Russian project
By Matt Egan, CNN Business ExxonMobil pledged Tuesday to leave its last remaining oil-and-gas project in Russia, and it will not invest in new…
Continue ReadingStellantis plans to double revenues by 2030
By Peter Valdes-Dapena, CNN Business Stellantis, the company formed one year ago from the merger of Fiat Chrysler Automobiles and France’s PSA,…
Continue ReadingWheat futures are soaring. Food prices could be next
By Danielle Wiener-Bronner and Vanessa Yurkevich, CNN Business Russia’s attack on Ukraine is causing wheat prices to spike, exacerbating…
Continue ReadingApple suspends all product sales in Russia
By Brian Fung, CNN Business Apple has stopped selling all of its products in Russia due to the invasion of Ukraine, the company announced Tuesday.…
Continue ReadingRussia’s version of Google warns it may not be able to pay its debts
By Mark Thompson, CNN Business Russia’s biggest search engine could collapse as financial fallout from the invasion of Ukraine spreads. Yandex,…
Continue ReadingJudge says Sarah Palin failed to prove her case against New York Times
By Sonia Moghe, CNN The federal judge who presided over Sarah Palin’s defamation trial against the New York Times said in a new written opinion…
Continue ReadingBoycotting Lukoil would sting US gas station owners more than Russia’s oil company
By Kunyi Yang The hashtag #BoycottLukoil started trending online not long after Russia invaded Ukraine on February 21. The idea is to stop people…
Continue ReadingAnother squeeze on Russia: Three shipping companies won’t sail there
By Chris Liakos, CNN Business Two of the world’s biggest container shipping companies are halting cargo bookings to and from Russia. “As…
Continue ReadingChartered buses, salary advances, hotlines: How tech companies are helping their workers in Ukraine
By Sara Ashley O’Brien, CNN Business In recent years, Ukraine has increasingly positioned itself as a tech hub, with a number of global…
Continue ReadingDirecTV expels RT from its lineup, dealing a major blow to the Russia-backed outlet in the US
By Oliver Darcy, CNN Business DirecTV is cutting ties with RT, the Russia-backed television network infamous for promoting Vladimir Putin’s…
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