By Anneken Tappe, CNN Business The Federal Reserve is going to try to hike interest rates without pushing the world’s biggest economy into recession. Russia’s war in Ukraine will make its balancing act more difficult. With inflation running near 8%, the US central bank can’t afford to wait any longer to start raise rates from
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By Kelly McCleary, CNN “Saturday Night Live” kicked off its show this weekend with its version of President Joe Biden meeting with TikTok stars to get their help combating Russian disinformation surrounding the country’s invasion of Ukraine. The sketch came after real White House Press Secretary Jen Psaki and officials from the National Security Council
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Columbia, MO (KMIZ) Following the war in Ukraine, many Americans have seen an increase in prices, especially in travel costs. AAA reports the average price for gas in Boone County is almost $4 per gallon, with the state’s average at $3.84 per gallon. Andrew Ogden, Columbia resident, said because of the higher gas prices he
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By Ramishah Maruf, CNN CVS CEO Karen Lynch removed a regional manager and several employees after a harassment allegation was not treated seriously, the company said in a statement sent to CNN Business Friday. At the end of 2021, the company received an anonymous report that alleged misconduct by someone in field management, CVS said
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By Ramishah Maruf, CNN Everyone is feeling pain at the pump — even Uber. The ride-sharing service announced Friday it’s rolling out a fuel surcharge to help its drivers offset the burden of higher gas prices for at least the next two months. Starting Wednesday, users will pay an extra $0.45 or $0.55 per trip
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By Parija Kavilanz, CNN Business Far-reaching global sanctions against Russia for its invasion of Ukraine are affecting the global supply of a precious commodity — the diamonds used in jewelry. President Biden on Friday issued an executive order prohibiting imports of certain products originating in Russia. They include fish, seafood, luxury goods, alcoholic beverages and
Continue Reading By Parija Kavilanz, CNN Business Far-reaching global sanctions against Russia for its invasion of Ukraine are affecting the global supply of a precious commodity — the diamonds used in jewelry. President Biden on Friday issued an executive order prohibiting imports of certain products originating in Russia. They include fish, seafood, luxury goods, alcoholic beverages and
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By Clare Duffy, CNN Business Pinterest on Wednesday announced a new policy prohibiting users from sharing climate misinformation on its platform, making it the rare social platform to ban such content outright. Pinterest, a service where users can bookmark and share visual posts, said it will remove content that denies the existence or impacts of
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By Brian Fung, CNN Business A digital Iron Curtain may be descending on Russia, as President Vladimir Putin struggles to control the narrative about his war in Ukraine. The Kremlin has already moved to block Facebook and Twitter, and its latest step in that direction came Friday as the government announced plans to block Instagram
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By Julianne Pepitone, CNN Business There’s pain at the pump for American drivers as US gas prices soar to record highs. Although the United States barely uses Russian oil, Russia’s invasion of Ukraine is still a big factor in the gas-price spike — among other reasons. Confused? We’ll walk you through it. So why is
Continue Reading By Julianne Pepitone, CNN Business There’s pain at the pump for American drivers as US gas prices soar to record highs. Although the United States barely uses Russian oil, Russia’s invasion of Ukraine is still a big factor in the gas-price spike — among other reasons. Confused? We’ll walk you through it. So why is
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By Nathaniel Meyersohn, CNN Business Walgreens and other retailers have swapped out the clear fridge and freezer doors at thousands of stores, instead adding opaque doors with iPad-like screens showing what’s inside. Some customers really, really aren’t into it. The screens, which were developed by the startup Cooler Screens, use a system of motion sensors
Continue Reading By Nathaniel Meyersohn, CNN Business Walgreens and other retailers have swapped out the clear fridge and freezer doors at thousands of stores, instead adding opaque doors with iPad-like screens showing what’s inside. Some customers really, really aren’t into it. The screens, which were developed by the startup Cooler Screens, use a system of motion sensors
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By Julia Horowitz, CNN Business Svein Tore Holsether says the world is careening toward a food crisis that could affect millions of people. Record high natural gas prices have forced the company he runs, fertilizer producer Yara International, to curtail its production of ammonia and urea in Europe to 45% of capacity. With less of
Continue Reading By Julia Horowitz, CNN Business Svein Tore Holsether says the world is careening toward a food crisis that could affect millions of people. Record high natural gas prices have forced the company he runs, fertilizer producer Yara International, to curtail its production of ammonia and urea in Europe to 45% of capacity. With less of
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By Matt Egan, CNN Business Citigroup, the major US bank with the biggest footprint in Russia, said Monday it will expand its exit from Russia to go beyond the long-planned sale of its consumer bank there. Citi said in a statement it has decided to “expand the scope” of its exit process to include “other
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by Matt Egan, CNN In a significant reversal, Deutsche Bank announced Friday it is planning to shut down its business in Russia. The shift comes just a day after Deutsche Bank told CNBC it wasn’t “practical” to leave Russia, a source of legal troubles in the past for Germany’s largest lender. “Like some international peers
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By Oliver Darcy, CNN Business Earlier this week, the right-wing organization Project Veritas released two undercover videos capturing Matthew Rosenberg, a Pulitzer Prize-winning reporter for The New York Times, making a number of disparaging comments about his colleagues and the news media writ large. The videos caused a stir inside The Times due, in part,
Continue Reading by Matt Egan, CNN In a significant reversal, Deutsche Bank announced Friday it is planning to shut down its business in Russia. The shift comes just a day after Deutsche Bank told CNBC it wasn’t “practical” to leave Russia, a source of legal troubles in the past for Germany’s largest lender. “Like some international peers
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By Sara Ashley O’Brien, CNN Business Fridge No More, a startup that offered fast delivery with no fee regardless of size order, told employees this week that it was shutting down after a deal with a potential buyer fell through. The closure was the second in the span of a week by an ultra-fast delivery
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