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…
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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 ReadingRT 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 ReadingRivian 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 ReadingPurdue 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 ReadingThe 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 ReadingBen & 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 ReadingSerena Williams calls out NYTimes after paper erroneously prints photo of Venus
CNN By Frank Pallotta, CNN Business Serena Williams called out The New York Times Wednesday after the paper published an article about her venture…
Continue ReadingOil 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 ReadingOil 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 ReadingRussian oil isn’t sanctioned, but nobody wants to touch it anyway
CNN 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…
Continue ReadingRussian 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 ReadingElon 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 ReadingLiquor stores and supermarkets ditch Russian vodka. Importers say boycotts won’t punish Putin
By Jordan Valinsky, CNN Business Russian-made vodka brands face intense backlash, with calls for boycotts spreading this week to about a dozen US…
Continue ReadingHow Russia’s invasion of Ukraine changed the global economy in a week
By Charles Riley, CNN Business A week of war in Ukraine has rocked the global economy, as quick-fire Western sanctions isolated Russia, collapsed its…
Continue ReadingConflict in Ukraine pushes mortgage rates lower
By Anna Bahney, CNN Business Russia’s invasion of Ukraine helped send mortgage rates lower last week. This is the second week in a row rates…
Continue ReadingEconomists expect a strong jobs report Friday. What if they’re wrong again?
By Anneken Tappe, CNN Business Forecasting the pace of the recovery has been tough, and many economists have got their predictions very wrong over…
Continue ReadingWhy many businesses are getting tougher on Russia than sanctions require
By Chris Isidore, CNN Business Governments aren’t alone in turning the screws on the Russian economy. Dozens of major multinational companies…
Continue ReadingBanks scramble to figure out how much they’ll lose if Russia’s economy implodes
By Julia Horowitz, CNN Business Russia’s economy is under serious pressure from tough new Western sanctions. That’s forcing financial…
Continue ReadingIkea and H&M close up shop in Russia
By Jordan Valinsky, CNN Business Two major retailers, Ikea and H&M, are temporarily pausing operations in Russia and Belarus because of the…
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