CNN – Business/Consumer

By David Goldman, CNN Business As Russian soldiers bear down on Ukraine, increasingly desperate Ukrainians are running out of food and medicine. The economic fallout from the invasion is beginning to spill over to the rest of the world, too. Forecasts for global growth are being slashed and the chance of a US recession in

By Anna Cooban, CNN Business Russia’s invasion of Ukraine has ended globalization as we know it, says the head of BlackRock, the world’s largest asset manager. BlackRock CEO Larry Fink told shareholders in a letter on Thursday that Russia’s “decoupling from the global economy” following its assault on Ukraine has caused governments and companies to

By Charles Riley, CNN Business Russia is breaking market rules left and right as its financial isolation deepens. The latest: Russia’s stock market reopened on Thursday after it was shuttered for a month. Under normal circumstances, there wouldn’t be much demand for shares in Russian companies considering they do most of their business in an

By Xiaofei Xu, CNN French carmaker Renault announced in a statement Wednesday that it has suspended all activities at its Moscow factory. The announcement comes as Ukrainian leaders have called for a boycott against the company, and accused Renault of “sponsoring Russia’s war machine.” Just one day earlier, Renault had said it was resuming production

By Uliana Pavlova and Brian Stelter, CNN A Russian journalist working for the independent news site The Insider was killed in a shelling incident in Kyiv, the outlet said in a statement on Wednesday. Oksana Baulina had been filming the shelling destruction in the capital’s Podilskyi District by Russian troops when she came under rocket

By Pete Muntean, CNN The CEOs of 10 airlines and cargo carriers have signed a letter to President Joe Biden saying he should end the transportation mask mandate and testing requirements for international travelers. In a new letter, industry group Airlines for America wrote, “now is the time for the Administration to sunset federal transportation

By Anna Bahney and Donald Judd, CNN The White House on Wednesday announced new actions to counter racial and ethnic bias in home valuations. Vice President Kamala Harris unveiled a 21-point plan that seeks to help homeowners impacted by bias in the appraisal process during an event with Housing and Urban Development Secretary Marcia Fudge

By Matt McFarland, CNN Business Tesla recently issued four vehicle recalls in a 12-day span. But Tesla owners did not have to rush their cars to the nearest dealership to fix the safety issues, which ranged from its “full self-driving” driver assist function rolling through stop signs, to some windshields not properly defrosting. Instead, Tesla

By Frank Pallotta, CNN Business Amazon has found its announcers for “Thursday Night Football.” Al Michaels and Kirk Herbstreit will be the play-by-play announcers for Amazon Prime Video’s exclusive coverage of “Thursday Night Football” starting next season, kicking off with a September 15 telecast. Landing Michaels, one of the most iconic announcers in sports history,

By Paul R. La Monica, CNN Business Here’s a promising sign from Wall Street: Transportation stocks are leading the stock market this year, and that could bode well for the broader economy. The Dow Jones Transportation Average, a group of 20 stocks that includes major railroads, truckers, airlines and freight companies, is up about 7%

By Matt Egan, CNN Business Oil prices rose sharply Wednesday after Russia warned a major oil pipeline could be out of service for more than a month due to storm damage, amplifying supply shortfalls caused by the war in Ukraine. News of the outage helped drive US oil prices 5.2% higher to settle at $114.93

By Jordan Valinsky, CNN Business Following criticism from Ukraine’s president over Nestlé’s ties to Russia, the company is halting the sale of more of its brands in the country. “Going forward, we are suspending renowned Nestlé brands such as KitKat and Nesquik, among others,” the Swiss multinational brand said in a statement. “We have already

By Jeanne Sahadi, CNN Business Wall Street firms have figured out a way to beat inflation for their employees: Just hike annual bonuses to record amounts. The average Wall Street bonus for 2021 hit a record high of $257,500, up 20% from $213,700 the year before, according to estimates released Wednesday by New York State

By Anna Bahney, CNN Business The cost of monthly rent reached a new high in February, with the typical apartment now $283 more expensive each month than it was two years ago, before the onset of the pandemic. The national median rent was $1,792 last month, up 17% from a year ago, according to a

By Danielle Wiener-Bronner, CNN Business If you’ve found yourself struggling to find Pillsbury dough or Totino’s pizza rolls lately, it’s not you. It’s General Mills. The company has been struggling to meet demand for its refrigerated pizza and dough in the United States. Typically, General Mills likes to be able to meet customer demand 98%