Russian 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 ReadingMoney
Elon 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…
Continue ReadingFrance seizes superyacht owned by sanctioned Russian oligarch
By Xiaofei Xu and Anaëlle Jonah, CNN France has seized a yacht owned by Russian oligarch Igor Sechin, the French finance ministry said in a…
Continue ReadingCrypto ‘superpower?’ India’s young investors prefer bitcoin to gold and ‘boring’ stocks
By Diksha Madhok, CNN Business Indian businesswoman Swati Daga first bought bitcoin in 2017, when the cryptocurrency was trading well under $3,000.…
Continue ReadingEx-Nissan executive Greg Kelly convicted in Japan for role in hiding Carlos Ghosn payments
By Reuters A Tokyo court on Thursday convicted former Nissan Motor executive Greg Kelly of helping Carlos Ghosn hide pay from financial regulators,…
Continue ReadingMore than 38 million people in the US watched Biden’s State of the Union
By Brian Stelter, CNN Business President Biden’s State of the Union address reached more than 38 million people in the United States on Tuesday…
Continue ReadingMore than 38 million people in the US watched Biden’s State of the Union
CNN By Brian Stelter, CNN Business President Biden’s State of the Union address reached more than 38 million people in the United States on…
Continue ReadingIt’s not the best time to be a Russian oligarch
By Allison Morrow, CNN Business If Russia’s oligarchs weren’t already shaking in their custom Italian-leather boots, they probably are…
Continue ReadingSerena Williams calls out NYTimes after paper erroneously prints photo of Venus
By Frank Pallotta, CNN Business Serena Williams called out The New York Times Wednesday after the paper published an article about her venture fund…
Continue ReadingJournalists from Russia’s last independent news network are fleeing the country
CNN By Brian Stelter and Bianna Golodryga, CNN Journalists from the last remaining independent news network in Russia have left the country for their…
Continue ReadingJournalists from Russia’s last independent news network are fleeing the country
By Brian Stelter and Bianna Golodryga, CNN Journalists from the last remaining independent news network in Russia have left the country for their own…
Continue ReadingSanctions 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.…
Continue ReadingFord 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 Reading