CNN – Business/Consumer

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

By Anneken Tappe, CNN Business American consumers are getting pummeled from all sides: Supply chain constraints and high demand mean delays for products and rising costs. Now gas prices are soaring on the back of the Russia-Ukraine conflict, creating an even more bitter cocktail. An early look at how Americans are feeling about the economy

By Mark Thompson, CNN Business Europe has given itself just five years to break its addiction to Russian oil and gas. European Commission President Ursula von der Leyen said Friday that EU leaders had agreed to spend the next two months drafting proposals for eliminating the bloc’s dependency on Russian energy imports by 2027. “By

By Beth Braverman You probably already know that you need a good credit score to get the best interest rates on a mortgage or auto loan, which can make a big difference to your budget over time. “With something like a mortgage, even a minor difference in rates can have a big impact on your

By Julia Horowitz, CNN Business Europe’s reliance on energy from Russia has jacked up the odds that the region could enter a recession this year as soaring inflation pushes people to cut back spending. The United States is more insulated from the spike in oil and gas prices — but it’s not immune. What’s happening:

By Tami Luhby, CNN Business The price of gas has skyrocketed in recent weeks, fueled in part by Russia’s invasion of Ukraine. The hike means that many Americans will have to shell out hundreds of dollars more to fill their tanks. Have you had to make changes to your daily routine, work or social life

By Anna Bahney, CNN Business Rents in Manhattan are once again hitting new record highs, after cratering during the pandemic. The median monthly rent for a Manhattan apartment was a record $3,700 in February. That was up 24% from a year ago and up an unusually large 4.2% from January, according to a report from

By Danielle Wiener-Bronner, CNN Business Burger King is the latest fast food chain to pull corporate support from its businesses in Russia. Restaurant Brands International, which owns the burger chain, said Thursday it “has suspended all of its corporate support for the Russian market, including operations, marketing and supply chain.” The company is also stopping

By Mark Thompson, CNN Business Russia said it could seize the assets of Western companies that have suspended operations in the country. Dozens of American, European and Japanese companies from almost every sector of the economy have abandoned joint ventures, factories, stores and offices in the last two weeks in response to Russia’s invasion of

By Paul R. La Monica, CNN Business So much for Wednesday’s big market rally. Stocks slid Thursday after the US government reported a significant spike in consumer prices. Inflation is clearly not going away, and that means the Federal Reserve is probably going to have to aggressively raise interest rates. The Dow dropped 112 points,

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 Ukraine. More are likely to follow at a cost of tens of billions of dollars. Goldman Sachs said Thursday that it is “winding down its business in Russia in compliance