Money

By Charles Riley, CNN Business Stagflation strikes fear into the hearts of economists — and policymakers —the world over. Europe could be headed for something even worse. Western sanctions imposed following Russia’s invasion of Ukraine have caused global energy prices to spike and consumer confidence to plummet in Europe. Russia is being cut off from

By Mark Thompson, CNN Business Europe is planning to slash consumption of Russian natural gas this year as it prepares for a complete break with its single biggest energy supplier over the war in Ukraine. EU officials on Tuesday outlined a plan to achieve energy independence from Moscow “well before 2030.” The European Union would

By Parija Kavilanz, CNN Business Slimmed down toilet paper, fewer cookies in a bag, less conditioner in squeeze tubes. The changes are subtle and might evade less discerning shoppers. But retail industry experts say we could see more consumer products start shrinking in size or quantity — or both — because of rising costs. Record

By Mark Thompson, CNN Business Russia is finding it ever harder to sell its oil and gas. Shell said Tuesday it was breaking completely with Russia’s giant energy industry, halting all purchases of Russian crude oil immediately and shutting its service stations in the country. The UK-based company, which last week announced it was dumping

By Chris Isidore, CNN Business US drivers have never paid this much for gasoline. The price for a gallon of regular gas now stands at $4.17, according to AAA. That breaks the previous record of $4.11 a gallon that has stood since July 2008. As Russia continues its military offensive in Ukraine, gas prices are

By Ramishah Maruf, CNN Business Disney CEO Bob Chapek spoke out about Florida’s controversial “Don’t Say Gay” bill in a staff email — but doubled down on his refusal to publish a public statement against it. Chapek said he and Disney’s leadership “unequivocally stand” with LGBTQ+ employees. He said the company, which employs over 75,000

Opinion by Nicole Bachaud for CNN Business Perspectives The nation’s sizzling housing market is a double-edged sword: millions of existing homeowners have gotten a boost as they watch their equity grow, but millions more would-be homeowners are struggling to get their foot in the door — especially buyers of color. As of January of this

By Paul R. La Monica, CNN Business Tech stocks, like the rest of the broader market, have seen their fair share of ups and downs since Russia’s invasion of Ukraine at the end of February. But for one part of the technology sector — cybersecurity -— it’s been a roaring bull market for the past

By Nathaniel Meyersohn, CNN Business Ryan Cohen, a favorite of the Reddit investors who drove the GameStop stock mania in 2020, now wants to shake things up at Bed Bath & Beyond. Cohen’s company RC Ventures bought a nearly 10% stake in Bed Bath & Beyond, making the investment firm a top-5 shareholder, Cohen said

By Beth Braverman There are countless things you need to think about when you get your first full-time job: How to make a good impression on your boss, connect with your colleagues and figure out how to spend that first paycheck. One thing that may not be top of mind: setting up your retirement account.

By Chris Isidore, CNN Business Gas prices continued to climb Monday, rising to just short of a record high. At their skyrocketing pace, the price per gallon record of $4.11 will probably be broken in just a day or two. The average price of a gallon of regular gas hit $4.07, according to AAA’s survey