CNN – Business/Consumer

By Amy Cassidy and Anna Cooban, CNN Business Norwegian police arrested seven Greenpeace activists on Monday after they chained themselves to a Russian oil tanker to try to prevent it docking at a port in Norway operated by Exxon. The Ust Luga — loaded with Russian jet fuel worth $116 million — was on its

By Anna Bahney, CNN Business Anyone looking for a place to live right now is navigating one of the toughest and most expensive housing markets in recent history. The pandemic boom in housing pushed home prices to an all-time high of $375,300 in March, 34% higher than the median price of $280,600 in March 2020,

By Matt Egan, CNN Business Oil prices fell sharply Monday as lockdowns in China stoked concerns that the country’s zero-Covid strategy will sap energy demand in the world’s second-largest economy. US oil dropped as much as 6.7% to a two-week low of $95.28 a barrel on Monday. Crude finished the day down 3.5% to $98.54

By Julia Horowitz, CNN Business Tesla CEO Elon Musk’s noisy campaign for changes to how Twitter runs its business has grabbed headlines for its twists and bombast. And, of course, for the big surprise — a takeover bid. What’s happening: Twitter’s board of directors convened Sunday to discuss Musk’s offer. The world’s richest man has

By Laura He, CNN Business Global stocks and oil prices fell on Monday as rising Covid-19 cases in Beijing sparked fears that the Chinese capital could join Shanghai and other major cities in lockdown. China’s benchmark Shanghai Composite Index sank 5.1% to close at a 22-month low. It was the worst day for the index

By Laura He, CNN Business Investors are ditching China at an unprecedented scale as a cocktail of political and business risks, and rising interest rates elsewhere, make the world’s second biggest economy a less attractive place to keep their money. China witnessed $17.5 billion worth of portfolio outflows last month, an all-time high, according to

By Ramishah Maruf, CNN The White House Correspondents’ Dinner returns next Saturday — and the sitting president is set to attend for the first time since 2016. After a two-year hiatus due to the Covid pandemic, President Joe Biden will speak at the century-old press gala after former president Donald Trump famously boycotted the event.

By Anneken Tappe, CNN Business Investors are gearing up for a week of big ticket economic data, including a first look at economic growth between January and March and more inflation numbers. America’s economic activity, measured by gross domestic product, is forecast to have only grown at an annualized pace of 1% in the first

By Chris Isidore, CNN Business Does the richest person on the planet need another massive pay package? That’s the decision facing the Tesla board of directors. CEO Elon Musk doesn’t receive any cash salary or bonus. He’s paid only with stock options. But he has just about exhausted the options available from the compensation package