CNN – Business/Consumer

By Parija Kavilanz, CNN Business Far-reaching global sanctions against Russia for its invasion of Ukraine are affecting the global supply of a precious commodity — the diamonds used in jewelry. President Biden on Friday issued an executive order prohibiting imports of certain products originating in Russia. They include fish, seafood, luxury goods, alcoholic beverages and

By Julianne Pepitone, CNN Business There’s pain at the pump for American drivers as US gas prices soar to record highs. Although the United States barely uses Russian oil, Russia’s invasion of Ukraine is still a big factor in the gas-price spike — among other reasons. Confused? We’ll walk you through it. So why is

By Oliver Darcy, CNN Business Earlier this week, the right-wing organization Project Veritas released two undercover videos capturing Matthew Rosenberg, a Pulitzer Prize-winning reporter for The New York Times, making a number of disparaging comments about his colleagues and the news media writ large. The videos caused a stir inside The Times due, in part,

by Matt Egan, CNN In a significant reversal, Deutsche Bank announced Friday it is planning to shut down its business in Russia. The shift comes just a day after Deutsche Bank told CNBC it wasn’t “practical” to leave Russia, a source of legal troubles in the past for Germany’s largest lender. “Like some international peers

by Frank Pallotta, CNN Business Disney CEO Bob Chapek apologized for his “silence” on Florida’s controversial bill dubbed “Don’t Say Gay,” days after declining to condemn it. On Monday, Chapek had spoken out about — but did not directly condemn — the controversial “Parental Rights in Education” bill, which would ban educators from discussions about

By Chris Isidore, CNN Business No matter where you go in the United States, gas prices are uncomfortably high. Filling up a car for $60, $70 or $80 is a painful experience wherever you live. But not all Americans are feeling pain at the pump equally. For example, you might think drivers in California are

By Paul R. La Monica, CNN Business Even with the pandemic, the stock market enjoyed gains in 2020 and 2021. But is the party on Wall Street over? The Dow fell 230 points, or 0.7%, Friday and ended the week with a 2% loss. The Dow has now lost ground for five straight weeks and

By Anneken Tappe, CNN Business Trade is about to become a key element of the global response to Russia’s invasion of Ukraine following the array of sanctions that have already been imposed. On Friday, President Joe Biden announced that the United States, along with the G7 nations and the European Union, aim to strip Russia

By Matt Egan, CNN Business The West is already crushing Russia’s economy. Now a bipartisan group of lawmakers want to limit Vladimir Putin’s access to Russia’s mountain of gold. A bipartisan bill introduced this week aims to ramp up the financial pressure another notch by making it harder for Moscow to use gold to prop

By Paul R. La Monica, CNN Business A single share of Amazon and Google owner Alphabet each trades at nearly $3,000 — a pretty high price for average investors. But that will soon change: The companies will split their shares, reducing their stock prices sharply, in the next few months. Could other high-priced blue chip