Foot Locker’s stock tumbles 35% because Nike wants to go on its own
By Jordan Valinsky, CNN Business Foot Locker’s stock tumbled 35% Friday after the shoe store predicted sales and profit would fall sharply this…
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The Black homeownership rate is now lower than it was a decade ago
By Anna Bahney, CNN Business Even as home prices have skyrocketed during the pandemic, homeownership continues to grow. But the rate of home buying…
Continue ReadingThe labor shortage could lead to a recession next year
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.…
Continue ReadingThis key measure of inflation climbed at the fastest pace since 1982 last month
CNN, CNN BUSINESS By Anneken Tappe, CNN Business Yet another key measure of inflation ticked higher at the start of the year, rising at its fastest…
Continue ReadingThis key measure of inflation climbed at the fastest pace since 1982 last month
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…
Continue ReadingOil traders are shunning Russian crude. Here’s why
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,…
Continue ReadingBurger King’s largest franchise cuts chicken nugget count as prices surge
By Jordan Valinsky, CNN Business Chicken nuggets have fallen victim to rising prices. Burger King’s largest franchisee in the United States…
Continue ReadingAnother squeeze on Russia: Three shipping companies won’t sail there
CNN, CNNBUSINESS By Chris Liakos, CNN Business Two of the world’s biggest container shipping companies are halting cargo bookings to and from…
Continue ReadingThese companies have the most to lose from Russia’s attack on Ukraine
By Jordan Valinsky, CNN Business International companies that hold a major presence in Russia are bracing for more sanctions from Western countries.…
Continue ReadingThese companies have the most to lose from Russia’s attack on Ukraine
CNN, CNNBUSINESS By Jordan Valinsky, CNN Business International companies that hold a major presence in Russia are bracing for more sanctions from…
Continue ReadingChina lifts restrictions on Russian wheat imports
By Laura He, CNN Business China has relaxed restrictions on imports of Russian wheat, a move that could address food security concerns in the…
Continue Reading$100 oil won’t derail the US economy
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…
Continue ReadingBritish Airways cancels Moscow flights as Russia retaliates over Aeroflot ban
By Mark Thompson, CNN Business British Airways has suspended its flights to Moscow after Russia banned all UK carriers from its airspace.…
Continue ReadingThe West could still kick Russia out of SWIFT as the ‘last resort’
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…
Continue ReadingThe West could still kick Russia out of SWIFT as the ‘last resort’
CNN, CNNBUSINESS By Charles Riley, CNN Business The West has announced a barrage of tough new sanctions aimed at cutting off Russia’s banks…
Continue ReadingThe list of global sanctions on Russia for the war in Ukraine
By Michelle Toh, Junko Ogura, Hira Humayun, Isaac Yee, Eric Cheung, Sam Fossum and Ramishah Maruf, CNN Countries around the world are imposing fresh…
Continue ReadingTips for navigating social media ‘fog of war’ as Russia invades Ukraine
By Brian Stelter and Clare Duffy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can…
Continue ReadingBig Oil CEO responds to Biden: We would never ‘take advantage of’ war in Ukraine
By Matt Egan, CNN American Petroleum Institute CEO Mike Sommers insisted on Thursday that US oil companies would not seek to capitalize on…
Continue ReadingRandom braking in Honda Accord and CR-V under investigation
By Peter Valdes-Dapena, CNN Business The National Highway Traffic Safety Administration is investigating popular Honda Accord sedans and CR-V SUVs…
Continue ReadingFinancial sanctions are easier than ever for Russians to evade. Thank Bitcoin
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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