Gas prices surge overnight — biggest jump since Hurricane Katrina
By Chris Isidore, CNN Business US gas prices are surging at pace drivers haven’t seen since Hurricane Katrina in 2005. The national average…
Continue ReadingCNN – Business/Consumer
European stocks could be heading for a bear market
By Julia Horowitz, CNN Business Stocks around the world fell Friday following the news that Russian troops are occupying Ukraine’s largest…
Continue Reading Bar owners are swapping out Moscow Mules for Kyiv Mules
By Danielle Wiener-Bronner, CNN Business As Russia’s assault on Ukraine continues, American bar and restaurant owners are hoping a small word…
Continue Reading Russia’s second biggest oil company calls for an end to Putin’s war
By Charles Riley, CNN Business Russia’s second largest oil company has broken ranks with President Vladimir Putin. Lukoil, which produces more…
Continue Reading America added 678,000 jobs in February, smashing forecasts
By Anneken Tappe, CNN Business The US economy added 678,000 jobs in February, exceeding economists’ expectations. It was the best month for job…
Continue Reading Russia-Ukraine crisis replaces Covid as top risk to global supply chains, Moody’s says
By Matt Egan, CNN Business Covid-19 drove global supply chains to the breaking point, causing shortages and sending prices skyrocketing. Just as the…
Continue Reading Sony and Honda are starting a new company to make electric vehicles
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…
Continue Reading Grab shares crash nearly 40% after posting a $1 billion loss
By Michelle Toh, CNN Business Grab, the Southeast Asian startup known for its “super app,” had a terrible Thursday. The ride-hailing…
Continue Reading Analysis: China can’t do much to help Russia’s sanction-hit economy
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…
Continue Reading Biden is vowing to seize Russian oligarchs’ yachts. Here’s where they are right now
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…
Continue Reading The economy is recovering fast. But we need to ensure it works for everyone
Opinion by Elise Gould and Heidi Shierholz for CNN Business Perspectives When the coronavirus pandemic shut down businesses across the US in spring…
Continue Reading RT America ceases productions and lays off most of its staff
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…
Continue Reading Rivian rolls back price hikes on preorders after backlash
By Matt McFarland, CNN Business Rivian is rolling back price hikes on preordered vehicles following backlash from its customers. Rivian CEO RJ…
Continue Reading Purdue Pharma and Sacklers reach $6 billion opioid settlement agreement with states
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…
Continue Reading The future of Best Buy: At-home gyms, e-bikes and outdoor grills
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…
Continue Reading Ben & Jerry’s stops making ice cream in Israel. Its Israeli manufacturer is suing
By Jordan Valinsky, CNN Business Ben & Jerry’s decision to stop manufacturing ice cream in Israel sparked a lawsuit from its Israeli…
Continue Reading Oil price shocks cause recessions. Will this one do the same?
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.…
Continue Reading Oil prices touch highest level since September 2008, when Lehman Brothers collapsed
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…
Continue Reading Russian oil isn’t sanctioned, but nobody wants to touch it anyway
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…
Continue Reading Elon Musk challenges the UAW to unionize Tesla
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…
Continue Reading