Britain bans Russian state TV channel RT
CNN By Mark Thompson, CNN Business Britain has banned Russian state TV channel RT, saying it was incapable of providing impartial coverage of the war…
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UK ferry company fires 800 seafarers. Some are refusing to leave their ships
CNN, CNNBUSINESS By Anna Cooban, CNN Business A Dubai-owned British ferry company fired 800 seafarers on Thursday, bringing chaos to some of the…
Continue Reading‘There is literally no paper trail’: How Russia experts say Putin hides a fortune
By Curt Devine, Casey Tolan and Majlie de Puy Kamp, CNN The sprawling billion-dollar palace that sits on a hilltop overlooking the Black Sea is seen…
Continue ReadingKoch Industries: Here’s why we’re staying in Russia
By Matt Egan, CNN Business Koch Industries, the conglomerate run by billionaire Charles Koch, is planning to stay in Russia even as hundreds of…
Continue ReadingWarren Buffett’s Berkshire Hathaway is making a huge bet on this oil company
By Paul R. La Monica, CNN Business The Oracle of Omaha is making an even bigger bet on a major oil company as crude prices continue to surge.…
Continue ReadingOil spikes back above $100 as Russia fears grow
By Matt Egan, CNN Business Oil prices surged Thursday back above $100 a barrel on renewed concerns about the war in Ukraine disrupting Russia’s…
Continue ReadingUK ferry company fires 800 seafarers. Some are refusing to leave their ships
By Anna Cooban, CNN Business A Dubai-owned British ferry company fired 800 seafarers on Thursday, bringing chaos to some of the country’s…
Continue ReadingUS home prices rose 15% in February from a year ago
CNN, FEDERAL RESERVE BOARD By Anna Bahney, CNN Business Home prices rose 15% to a median price of $357,300 in February from last year, as inventory…
Continue ReadingAmazon closes $8.5 billion deal to acquire MGM
By Frank Pallotta, CNN Business James Bond is now an Amazon employee. The tech giant has closed its $8.5 billion deal to acquire MGM, the home of the…
Continue ReadingWhat it means for Russia to default on its debt
By Allison Morrow, CNN Business Russia is barreling toward a default on its foreign debt payments, threatening to plunge its economy deeper into…
Continue ReadingMortgage rates rise above 4% for the first time since 2019
By Anna Bahney, CNN Business Mortgage rates climbed past 4% for the first time since May 2019. The 30-year fixed-rate mortgage averaged 4.16% in the…
Continue ReadingWarren Buffett’s Berkshire Hathaway is making a huge bet on this oil company
CNN By Paul R. La Monica, CNN Business The Oracle of Omaha is making an even bigger bet on a major oil company as crude prices continue to surge.…
Continue ReadingThe broken nickel market is a warning to Wall Street
By Julia Horowitz, CNN Business After a week-long pause, investors can trade nickel again on the London Metal Exchange. But the market remains…
Continue ReadingThe Fed can’t afford to move too slowly on interest rates
Opinion by Desmond Lachman for CNN Business Perspectives Even with consumer price inflation running at almost 8%, the Fed announced Wednesday it…
Continue ReadingHow to take advantage of rising interest rates
By Jeanne Sahadi, CNN Business As expected, the US Federal Reserve on Wednesday hiked its key short-term interest rate for the first time since 2018.…
Continue Reading4 ways China is quietly making life harder for Russia
By Laura He, CNN Business China is quietly distancing itself from Russia’s sanction-hit economy. The two states proclaimed last month that…
Continue Reading4 ways China is quietly making life harder for Russia
CNN By Laura He, CNN Business China is quietly distancing itself from Russia’s sanction-hit economy. The two states proclaimed last month that…
Continue ReadingThe Fed is targeting a soft landing. Getting it wrong means recession
CNN, CNNBUSINESS By Charles Riley, CNN Business Jerome Powell is trying to hike interest rates without damaging the economy. Getting it wrong means…
Continue ReadingRussia moves to seize hundreds of planes from foreign owners
By Chris Isidore and Chris Liakos, CNN Business Russia is seizing hundreds of commercial jets owned by US and European leasing companies, a further…
Continue ReadingRussia says it made a payment to avoid default
By David Goldman, CNN Business Russia says it has ordered the $117 million in interest payments it owes Wednesday to be sent to investors, attempting…
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