Money

By Mark Thompson and Anna Cooban, CNN Business Ukraine suspended the flow of some Russian natural gas to Europe on Wednesday, blaming Moscow for diverting supplies from the vital pipeline network. Russian gas, a key source of energy for Germany and many other EU economies, had continued to flow uninterrupted through pipelines across Ukraine since

By Laura He, CNN Business Car sales saw a record decline last month in China, the world’s largest automobile market, as strict Covid-19 lockdowns take a severe economic toll. And no auto maker suffered more than Tesla. The EV maker sold 1,512 vehicles in mainland China last month, down 98% from March, according to data

By Matt Egan, CNN Business Treasury Secretary Janet Yellen addressed the economic consequences of overturning Roe v. Wade on Tuesday during testimony before the Senate Banking Committee. “I believe that eliminating the right of women to make decisions about when and whether to have children would have very damaging effects on the economy and would

By Matt McFarland, CNN Business Tesla recalled 129,960 vehicles this month to fix infotainment systems that may overheat before and during fast charging. Tesla says it is resolving the flaw with an over-the-air software update, which refreshes software wirelessly like a smartphone app update, making the recall less burdensome for Tesla and affected owners. Tesla

By Alicia Wallace, CNN Business With daily life now the most expensive it’s been in 40 years, single parents say they are running out of places to cut costs. The price of groceries, gas, rent and utilities has marched higher over the past year; but wages have not kept up — and more than half

By Paul R. La Monica, CNN Business Many investors, including Warren Buffett, are betting that higher crude oil prices are here to stay for a while. It’s a good wager, thanks to the spike in oil prices from about $75 a barrel at the end of last year to above $100 now. Nearly all of

By Jorge Engels and Karol Suarez Three journalists have been killed in Mexico over the past week according to government officials. Two journalists were killed Monday in the Mexican state of Veracruz, according to the state’s prosecutor’s office, which said it had launched an investigation into the killings. Veracruz’s prosecutor’s office said on Twitter that

By Frank Pallotta, CNN Business Netflix recently told employees that the the company’s new lower-priced ad tier may come by the end of the year, according to a report from the New York Times Tuesday. The company is struggling as streaming competition heats up: Shares plunged last month after Netflix reported its first quarterly subscriber