By Hanna Ziady, CNN Business President Vladimir Putin has rejected accusations that Russia is deliberately driving natural gas prices higher in Europe by withholding exports. Speaking at an energy conference in Moscow on Wednesday, Putin called the accusations “politically motivated” and without evidence. His comments came as EU officials said lower than anticipated supplies of
Continue Reading
By Frank Pallotta, CNN Business Michael Myers made a killing at the box office, even though he was also streaming. Universal Pictures’ “Halloween Kills” — the latest installment in the long running franchise — brought in an estimated $50.3 million at the North American box office this weekend. That number exceeded industry expectations, which had
Continue Reading
By Danielle Wiener-Bronner, CNN Business Last year, Halloween entailed homemade candy chutes — pipes that allowed people to send candy down to costumed children without getting too close — and pre-packaged goody bags left on stoops, curbs and outdoor tables. This year, families are eager to get back to trick or treating. That’s good news
Continue Reading
By Paul R. La Monica, CNN Business JPMorgan Chase CEO Jamie Dimon is not known for mincing words or hiding his emotions. So the fact that the leader of America’s largest bank sounds very upbeat about the health of the US economy is noteworthy. Dimon said he is not worried about the possibility of inflation
Continue Reading
By Anneken Tappe, CNN Business US inflation remains much higher than anyone would like — consumers, the White House, the Federal Reserve… In September, prices stayed high, returning to a 13-year peak after dipping a bit in August. Consumer price inflation — one of the key inflation indicators — rose 0.4% in September, adjustefor seasonal
Continue Reading
By Chris Isidore, CNN Business Delta reported a quarterly operating profit in the third quarter, the first major US passenger airline to post a profit since the start of the pandemic. The company earned $194 million in the quarter, adjusted for special items. That’s down from $1.5 billion it earned in the quarter in 2019,
Continue Reading
By Charles Riley, CNN Business US stocks have stumbled lower in recent weeks as investors try to assess the threat posed by snarled supply chains, a global energy crisis and rising inflation that could prompt central banks to pull back stimulus. “The market is tip toeing forward lost as it is in the fog and
Continue Reading
By Hanna Ziady and James Frater, CNN Business Soaring energy prices are a stark reminder of how dependent Europe is on fossil fuels and should serve to accelerate the shift towards renewable forms of energy. “This experience today of the rising energy prices is a clear wake up call… that we should accelerate the transition
Continue Reading
By Anneken Tappe, CNN Business The US government is stepping up its efforts to relieve the supply chain nightmare that has led to shortages of some goods, higher prices for consumes and now threatens to slow the economic recovery. The White House will work with companies and ports on a “90-day sprint” to alleviate bottlenecks,
Continue Reading
By Julia Horowitz, CNN Business The shift to clean energy is sending the oil industry into decline. But the world needs a much more ambitious plan to save the climate and achieve net-zero emissions by 2050. That’s according to the International Energy Agency, which said in its global energy outlook published Wednesday that more aggressive
Continue Reading
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. Netflix has — once again — changed the game. When the company began to expand internationally, it exported Hollywood-made films and TV shows to other countries. Now, about a decade
Continue Reading
By Chris Isidore, CNN Business A federal judge in Texas has temporarily stopped United Airlines’ plan to put employees on leave if they have requested an exemption to the company’s Covid vaccine mandate. Roughly 2,000 out of the 67,000 US United employees, or less than 3%, requested an exemption from the mandate for religious or
Continue Reading Opinion by Mark Zandi for CNN Business Perspectives Congress just punted the decision on the nation’s debt limit until the end of this year, and financial markets are relieved. But it will still remain an existential threat to the financial system and economy, given that lawmakers regularly tie themselves into knots to circumvent it. Since
Continue Reading
By Rob McLean, CNN Business Hasbro chairman and CEO Brian Goldner has died, according to the company. His death comes shortly after Hasbro announced he would take a leave of absence for cancer treatment. “Since joining the Company more than two decades ago, Brian has been the heart and soul of Hasbro,” said the company’s
Continue Reading
By Frank Pallotta and Liz Kang, CNN Business “Squid Game” — a fictional drama from South Korea — is Netflix’s “biggest-ever series at launch,” the streaming company exclusively told CNN on Tuesday. The dystopian series, in which contestants who are deeply in need of money play deadly children’s games to win cash prizes, has been
Continue Reading By Frank Pallotta, CNN Business “Squid Game” — a fictional drama from South Korea — is Netflix’s “biggest-ever series at launch,” the streaming company exclusively told CNN on Tuesday. The dystopian series, in which contestants who are deeply in need of money play deadly children’s games to win cash prizes, has been viewed by 111
Continue Reading
By Jeanne Sahadi, CNN Business As any working mother will attest, trying to fulfill all work and family obligations every single day can seem impossible. “Work-life balance is a lie,” said TIAA president and CEO Thasunda Brown Duckett at Fortune’s Most Powerful Women’s Summit on Tuesday. When she tried achieving a more balanced lifestyle, Duckett
Continue Reading
By Anna Bahney, CNN Business Since the pandemic began, demand among homebuyers has far exceeded the supply of available homes, causing real estate prices to skyrocket. But as high as prices are, they have yet to peak, according to a new report from Goldman Sachs. The investment bank projects that home prices — already at
Continue Reading
By Chris Isidore, CNN Business Corporate America cheered last month when President Joe Biden announced plans to require most larger businesses to mandate Covid vaccines or weekly tests for their workers, So Texas Gov. Greg Abbott’s order prohibiting businesses from enforcing a vaccine mandate on their Texas-based employees puts companies in a difficult position. Many
Continue Reading
by Matt Egan, CNN Business Computer chip shortages. Epic port congestion. And a serious lack of truck drivers. The world’s delicate supply chains are under extreme stress. The supply chain nightmare is jacking up prices for consumers and slowing the global economic recovery. Unfortunately, Moody’s Analytics warns supply chain disruptions “will get worse before they
Continue Reading