CNN – Business/Consumer

By Nicole Goodkind, CNN Business When a trade jumps by 250% over the course of days, investors typically pop bottles of champagne. Between Friday, March 4 and Tuesday March 8, nickel futures did just that — soaring on the London Metal Exchange from about $29,000 to $100,000 per ton. But the champagne remains corked, investors

By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. The largest LGBTQ advocacy group in the US has stripped Fox Corporation of its status as a preferred LGBTQ friendly employer and released a blistering statement condemning the network for

By Chris Isidore, CNN Business The Biden administration Friday rolled out final emissions rules that will require cars and trucks to have an average fuel economy of 49 miles per gallon in just a few years. The rule comes as Americans are paying record prices for gas. Friday’s reading for the national average price for

By Matt Egan, CNN Business Sanctions leveled on Russia have pushed the country toward becoming a closed economy, a status the country is ill-equipped to handle, a senior Treasury official said on Friday. “The economic consequences Russia is facing are severe: high inflation that will only get higher, and deep recession that will only get

By Paul R. La Monica, CNN Business The jobs market is still healthy and paychecks are growing at a solid rate — although not fast enough to make up for surging prices on just about everything. That means that the Federal Reserve is increasingly certain to raise interest rates in May by a half-point to

By Matt Egan, CNN Business The International Energy Agency announced Friday following an emergency meeting that its member countries will release additional oil from emergency reserves to cushion the blow caused by Russia’s invasion of Ukraine. However, the IEA did not disclose key details on the size and timing of this additional emergency action, which

By Oliver Darcy and Brian Stelter, CNN White House press secretary Jen Psaki plans on departing the Biden administration in the coming weeks and heading to MSNBC, two people familiar with the matter told CNN on Friday. Psaki has not officially signed a contract with the progressive cable news network, but the talks are in

By Jeanne Sahadi, CNN Business Curious about cryptocurrencies? Some employers may soon offer you the option to invest in bitcoin and other digital currencies through your 401(k). There is increasing discussion at financial service firms about how they could best provide a relatively safe crypto option in 401(k)s and other employer-sponsored retirement plans. For instance,

By Julia Horowitz, CNN Business The epicenter of the latest effort to raise money for Ukraine was a bare-bones office above a bakery in north London. Isaac Kamlish, Nathan Cohen and Isaac Bentata — ages 23 to 25 — gathered around their laptops earlier this week and helped launch the first-ever sale of one-of-a-kind digital

By Mark Thompson, CNN Business Vladimir Putin’s deadline has come and gone and Russian natural gas is still flowing to Europe. The Russian president delivered an ultimatum Thursday to “unfriendly” nations to pay for their energy in rubles starting April 1 or risk being cut off from vital supplies. Was that a bluff? It’s too