Sanctions have sharply raised chance of a Russian default, JPMorgan warns
By Matt Egan, CNN Business Russia’s stock market remains shut down. The ruble is worth less than a penny. And Western businesses are fleeing.…
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Ford splits gas-powered and electric vehicle businesses but doesn’t spin them off
By Peter Valdes-Dapena, CNN Business Ford is creating two new business units, one for electric vehicles and software and another for its traditional…
Continue ReadingHere’s why Wall Street is betting against the US consumer
By Paul R. La Monica, CNN Business Is the American consumer finally close to being tapped out? It appears that some Wall Street investors think that…
Continue ReadingBurned ship carrying luxury cars has now sunk
By Peter Valdes-Dapena, CNN Business The Felicity Ace, the cargo ship carrying cars and SUVs from brands including Audi, Porsche, Bentley and…
Continue ReadingBurned ship carrying luxury cars has now sunk
CNN, CNN BUSINESS By Peter Valdes-Dapena, CNN Business The Felicity Ace, the cargo ship carrying cars and SUVs from brands including Audi, Porsche,…
Continue ReadingThe latest food price shock: Palm oil prices are soaring
By Anna Cooban, CNN Business Palm oil prices have shot up in the wake of Russia’s invasion of Ukraine as markets scramble to find alternatives…
Continue ReadingWhy ‘The Batman’ heading to theaters is important to Warner Bros
By Brian Lowry and Frank Pallotta, CNN After a year of simultaneously releasing movies on HBO Max and in theaters, Warner Bros. returns to exclusive…
Continue ReadingWhy ‘The Batman’ heading to theaters is important to Warner Bros
CNN By Brian Lowry and Frank Pallotta, CNN After a year of simultaneously releasing movies on HBO Max and in theaters, Warner Bros. returns to…
Continue ReadingMore oil supply could stop massive price spikes. But US producers won’t fill that gap
By Chris Isidore, CNN Business Oil prices are soaring to seven-year highs, but don’t expect US oil producers to ramp up supply. On the face of…
Continue ReadingWhy resume gaps aren’t a big deal anymore
By Kathryn Vasel Shanika Puckett has taken six breaks during her nearly 20-year career as a graphic designer. Most were for a few months, like after…
Continue ReadingRussians are bracing for a dramatic shift in their standard of living
CNN 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 ReadingPowell 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 ReadingWar 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…
Continue ReadingKey jobs measure says America added 475,000 positions in February, beating expectations
CNN By Anneken Tappe, CNN Business America’s companies added 475,000 jobs last month, the ADP employment report said on Wednesday. That was…
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 ReadingHere are the companies pulling back from Russia
CNN By CNN Business staff A growing number of international companies, including Apple, Disney and Ford, are dialing back operations in Russia over…
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 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.…
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