Money Archives

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…

The Russian government moved to "partially restrict" Facebook access in the country on Friday after Russia's ministry of communications accused the social network of unlawful censorship.

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

February 25, 2022 11:55 AM CNN Newssource

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 Newssource

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

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

February 25, 2022 9:20 AM CNN Newssource

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

Even as home prices have skyrocketed during the pandemic

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

February 25, 2022 8:45 AM CNN Newssource

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

An Instacart worker leaves groceries at the gate of a home in New Hampshire in April 2020.

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

February 25, 2022 8:17 AM CNN Newssource

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

Orders wait to be taken to patrons at Scoreboard Bar and Grill on Monday

The labor shortage could lead to a recession next year

February 25, 2022 7:12 AM CNN Newssource

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.…

Storage silos and shipping cranes at the Port of Odessa in Odessa

Oil traders are shunning Russian crude. Here’s why

February 25, 2022 6:46 AM CNN Newssource

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,…

Burger King's largest franchisee in the United States said that it will soon reduce the number of nuggets in meals from ten pieces to 8.

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

February 25, 2022 6:42 AM CNN Newssource

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

A shopper walks through a grocery store in Washington

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

February 25, 2022 6:37 AM CNN Newssource

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…

Production of fermented milk products at the Danone dairy production plant in the town of Chekhov.

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

February 25, 2022 5:50 AM CNN Newssource

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

Russia and Ukraine together account for about a third of global wheat supply.

China lifts restrictions on Russian wheat imports

February 25, 2022 5:29 AM CNN Newssource

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

The well service crew on a workover rig uses power tongs to reconnect the sections of tubing on an oil well. Russia's invasion of Ukraine has sent oil futures above $100 a barrel for the first time since 2014 and will probably bring $4-a-gallon gasoline to much of the United States.

$100 oil won’t derail the US economy

February 25, 2022 4:35 AM CNN Newssource

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…

The British Airways livery on the tail fins of passenger aircraft at Heathrow Airport in London

British Airways cancels Moscow flights as Russia retaliates over Aeroflot ban

February 25, 2022 4:26 AM CNN Newssource

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

Protesters demand that Russia be banned from the SWIFT system during a rally for Ukraine at the White House. This system facilitates international interbank transactions

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

February 25, 2022 3:32 AM CNN Newssource

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…

Japanese Prime Minister Fumio Kishida speaks at a news conference on February 25

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

February 25, 2022 12:21 AM CNN Newssource

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

Passengers are checking their mobile phones inside a building of the railway station after arriving on a train from Kiev in Ukraine to Przemysl

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

February 24, 2022 9:58 PM CNN Newssource

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

A customer pumps gas into his vehicle at a Shell station in 2021 in Miami.

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

February 24, 2022 6:20 PM CNN Newssource

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

NHTSA has received 278 complaints of sudden braking for no reason in Accords and CR-Vs

Random braking in Honda Accord and CR-V under investigation

February 24, 2022 2:12 PM CNN Newssource

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

Digital currencies operate outside the realm of standard global banking

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

February 24, 2022 1:39 PM CNN Newssource

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

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