Russia owes Western banks $120 billion. They won’t get it back
CNN By Charles Riley, CNN Business Goldman Sachs and JPMorgan Chase are the first major Western banks to get out of Russia following the invasion of…
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Chinese tech stocks plunge after US names companies for potential delisting
By Laura He, CNN Business Popular Chinese tech stocks have plunged after the US regulator named five Chinese companies that could be removed from…
Continue ReadingRussia says it could seize assets Western companies leave behind
By Mark Thompson, CNN Business Russia said it could seize the assets of Western companies that have suspended operations in the country. Dozens of…
Continue ReadingManhattan rents rise to an all-time high
By Anna Bahney, CNN Business Rents in Manhattan are once again hitting new record highs, after cratering during the pandemic. The median monthly rent…
Continue ReadingStocks sink as inflation worries return
By Paul R. La Monica, CNN Business So much for Wednesday’s big market rally. Stocks slid Thursday after the US government reported a…
Continue ReadingBurger King pulls support from its Russian locations
By Danielle Wiener-Bronner, CNN Business Burger King is the latest fast food chain to pull corporate support from its businesses in Russia.…
Continue ReadingRisk of a US recession as high as 35%, Goldman Sachs says
CNN, CNN BUSINESS By Julia Horowitz, CNN Business Europe’s reliance on energy from Russia has jacked up the odds that the region could enter a…
Continue ReadingRussia owes Western banks $120 billion. They won’t get it back
By Charles Riley, CNN Business Goldman Sachs and JPMorgan Chase are the first major Western banks to get out of Russia following the invasion of…
Continue ReadingRussia’s economy will be ‘devastated’ by sanctions and further sanctions are under consideration, Janet Yellen says
By Matt Egan, CNN Business The United States and its allies are considering additional sanctions to punish Russia for “atrocities”…
Continue ReadingRussia’s richest businessman tells Putin: Don’t take us back to 1917
CNN, CNN BUSINESS By Mark Thompson, CNN Business Russia’s richest businessman has warned the Kremlin against confiscating assets of companies…
Continue ReadingMcDonald’s transformed Russia … now it’s abandoning the country
By Danielle Wiener-Bronner, CNN Business When McDonald’s opened its doors in Moscow for the first time, it was a big deal. It was the dead of…
Continue ReadingThese business owners survived Covid. Now gas prices are surging
CNN By Alicia Wallace, CNN Business Earth & Sky Floral Designs, located on the Laguna Pueblo reservation in New Mexico, is the only florist for…
Continue ReadingThese business owners survived Covid. Now gas prices are surging
CNN, WBBM, KCAL, KCBS By Alicia Wallace, CNN Business Earth & Sky Floral Designs, located on the Laguna Pueblo reservation in New Mexico, is the…
Continue ReadingAmazon and Alphabet could give the Dow a 21st century facelift
By Paul R. La Monica, CNN Business Amazon and Google owner Alphabet are two of the most dominant companies on Earth. Each is worth more than $1…
Continue ReadingThese business owners survived Covid. Now gas prices are surging
By Alicia Wallace, CNN Business Earth & Sky Floral Designs, located on the Laguna Pueblo reservation in New Mexico, is the only florist for…
Continue ReadingMortgages rates are on the rise again amid inflation fears
By Anna Bahney, CNN Business Mortgage rates are rising again amid fears of soaring inflation. The 30-year fixed-rate mortgage averaged 3.85% in the…
Continue ReadingGoldman Sachs and JPMorgan are getting out of Russia
By Matt Egan, CNN Business Goldman Sachs is exiting Russia, becoming the first major Wall Street bank to announce plans to do so after the invasion…
Continue ReadingPeloton is testing a new rental model
By Jordan Valinsky, CNN Business Peloton is testing a new rental model, marking the fitness company’s first significant strategy change under…
Continue ReadingKey inflation measure jumps to highest level since January 1982
By Anneken Tappe, CNN Business Prices kept rising last month in America, pushing a key inflation measure to a level not seen since January 1982. The…
Continue ReadingFool’s gold or safe haven? War puts bitcoin to the test
By Julia Horowitz, CNN Business Advocates of bitcoin have long claimed that the cryptocurrency has much in common with gold. They envision a world in…
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