CNN – Business/Consumer

By Frank Pallotta, CNN Business Disney+ is creating an ad-supported tier for its streaming service to ramp up its growing subscriber base. Though Disney shared that the new ads tier will join the subscription option in the United States sometime later this year, details are scant. The exact launch date and pricing will be “announced

By Anna Cooban, CNN Business The number of independent media voices Russians can read and watch is dropping fast. Russian authorities have restricted access to news publications including BBC Russia, Radio Liberty and Latvia-based Meduza, RIA Novosti reported on Friday. The media outlets have been added to a list of publications “containing appeals for mass

By Abbas Al Lawati and Nadeen Ebrahim, CNN The Middle East found itself dragged into coverage of the conflict in Ukraine over the past week as journalists descended on the country to cover the biggest European war in decades. Western war reporters, more used to being deployed in Middle East conflict zones, were quick to

By Chris Isidore, CNN Business US gas prices are surging at pace drivers haven’t seen since Hurricane Katrina in 2005. The national average price for a gallon of regular gas stood at $3.84 a gallon Friday, according to AAA. That is the highest price since September 2012 and 11 cents higher than Thursday. Gas prices

By Julia Horowitz, CNN Business Stocks around the world fell Friday following the news that Russian troops are occupying Ukraine’s largest nuclear power plant. But shares in Europe were battered particularly hard. What’s happening: Germany’s DAX index and France’s CAC 40 fell 3.8% in early trading, while the FTSE 100 in London dropped 3.5%. US

By Anneken Tappe, CNN Business The US economy added 678,000 jobs in February, exceeding economists’ expectations. It was the best month for job growth since July. The nation has 2.1 million jobs to go before hitting the February 2020 level and recouping all positions lost in the pandemic, the Bureau of Labor Statistics reported Friday.

By Matt Egan, CNN Business Covid-19 drove global supply chains to the breaking point, causing shortages and sending prices skyrocketing. Just as the pandemic has calmed down, Russia’s invasion of Ukraine threatens to further scramble those fragile supply chains. Russia is a major producer of commodities, everything from oil and natural gas to palladium and

By Michelle Toh, CNN Business Two of Japan’s biggest names in business are teaming up. Sony and Honda announced Friday that they plan to start a joint venture to make and sell electric vehicles. The company will be established later this year, and deliveries will begin by 2025. Details of the agreements are still being

By Michelle Toh, CNN Business Grab, the Southeast Asian startup known for its “super app,” had a terrible Thursday. The ride-hailing giant’s stock plummeted as much as 37% in New York after reporting disappointing earnings. It posted revenue of $122 million for the fourth quarter, down 44% from the previous year as the firm said

By Casey Tolan, Curt Devine and Daniel A. Medina, CNN The ships span the length of a football field or longer, come outfitted with helipads and swimming pools, and have shown up at ports around the world — towering over nearby fishing vessels and motorboats like giants. Yachts owned by Russian oligarchs — who have

Opinion by Elise Gould and Heidi Shierholz for CNN Business Perspectives When the coronavirus pandemic shut down businesses across the US in spring 2020, the labor market lost 22 million jobs in just two months — more than twice as many jobs lost during the entire Great Recession and financial crisis of 2008-2009. Given that

By Oliver Darcy, CNN Business RT America will cease productions and lay off most of its staff, according to a memo CNN obtained from T&R Productions, the production company behind the Russian state-funded network. Misha Solodovnikov, the general manager of T&R Productions, told staff in the memo that it will be “ceasing production” at all