By David Goldman and Mark Thompson, CNN Business Russia has defaulted on its foreign debt for the first time since the Bolshevik revolution more than a century ago. Following reports that Moscow had failed to pay about $100 million in interest on two bonds during a 30-day grace period that expired Sunday, the White House
Continue Reading By David Goldman and Mark Thompson, CNN Business Russia has defaulted on its foreign debt for the first time since the Bolshevik revolution more than a century ago. Following reports that Moscow had failed to pay about $100 million in interest on two bonds during a 30-day grace period that expired Sunday, the White House
Continue Reading By Julia Horowitz, CNN Business Europe and the United States have barred the import of Russian oil to cut off a crucial revenue source for the Kremlin. But the plan to pile pain on President Vladimir Putin, forcing him to reconsider his war in Ukraine, hasn’t worked. Russia’s government is making just as much money
Continue Reading By Jordan Valinsky, CNN Business Cinnabon’s newest menu item is missing its cinn-onymous ingredient. For the first time ever in the United States, the sweet treat chain is selling a new food item that doesn’t contain cinnamon. Until September, the chain is selling Chocolate BonBites, which are bite-sized chocolate rolls that Cinnabon describes as a
Continue Reading By Diksha Madhok, CNN Business Some of the world’s wealthiest nations are banning the import of Russian gold to further tighten the vise on Russia’s economy. US President Joe Biden announced Sunday that the United States will ban Russian gold, the country’s second most valuable export after energy. Gold exports were worth £12.6 billion ($15.5
Continue Reading By Diksha Madhok, CNN Business Some of the world’s wealthiest nations are banning the import of Russian gold to further tighten the vise on Russia’s economy. US President Joe Biden announced Sunday that the United States will ban Russian gold, the country’s second most valuable export after energy. Gold exports were worth £12.6 billion ($15.5
Continue Reading By Chuck Johnston, CNN At least 730 flights were canceled across the United States on Sunday evening, according to the flight-tracking website FlightAware. Delta Air Lines alone canceled at least 224 flights on Sunday. United Airlines canceled 71 flights and American Airlines canceled 66 flights. CNN has reached out to the three airlines for comment
Continue Reading By Ramishah Maruf, CNN The overturning of Roe v. Wade is “one of the most important stories of our lifetime,” CNN’s chief media correspondent Brian Stelter said on “Reliable Sources” Sunday. But in 1973, the day after the decision came down, the main headline on many major newspapers was that former president Lyndon B. Johnson
Continue Reading By Ramishah Maruf, CNN The overturning of Roe v. Wade is “one of the most important stories of our lifetime,” CNN’s chief media correspondent Brian Stelter said on “Reliable Sources” Sunday. But in 1973, the day after the decision came down, the main headline on many major newspapers was that former president Lyndon B. Johnson
Continue Reading By Parija Kavilanz, CNN Business The chaotic mix of record fuel prices and an unending supply chain crisis have retailers considering the unthinkable: Instead of returning your unwanted items, just keep them. In recent weeks, some of the biggest store chains, including Target, Walmart, Gap, American Eagle Outfitters and others have reported in their latest
Continue Reading By Ramishah Maruf, CNN It’s the question everyone is asking: Are we about to enter a recession? A tepid stock market, soaring inflation, and rising interest rates have left Americans less than optimistic about the state of the economy. Consumer sentiment has plunged to a record low, according to a University of Michigan survey released
Continue Reading By Paul R. La Monica, CNN Business All things considered, video game leader Electronic Arts is having a pretty decent year despite inflation worries, recession fears and other macroeconomic headwinds. Shares of EA are only down about 2% in 2022, a drop that’s not nearly as bad as the rest of the tech sector, which
Continue Reading By Julia Horowitz, CNN Business Europe and the United States have barred the import of Russian oil to cut off a crucial revenue source for the Kremlin. But the plan to pile pain on President Vladimir Putin, forcing him to reconsider his war in Ukraine, hasn’t worked. Russia is making just as much money from
Continue Reading By Zoe Sottile, CNN Solar-powered patio umbrellas sold exclusively at Costco have been recalled in the United States and Canada after some umbrellas caught fire, authorities said. The US Consumer Product Safety Commission (CPSC) in a news release urged customers to “immediately stop using” the SunVilla 10 foot Solar LED Market Umbrella. The umbrellas were
Continue Reading By Nathaniel Meyersohn, CNN Business Every Q-tips box has a warning label: “Do not insert swab into ear canal,” and if you’re going to use it to clean your ears, gently swab the outer part only. But extracting wax from our ear canals is precisely why most of us buy Q-tips in the first place.
Continue Reading By Zoe Sottile, CNN Do you love bacon so much you want to smell like it — without the hassle of actually cooking? A new bacon-scented fragrance from Tyson-owned Wright Brand might just be right for you. The scent, named Wright N°100, was released on Thursday to celebrate the brand’s 100th year anniversary, according to
Continue Reading By Clare Duffy and Jennifer Korn, CNN Business After the Supreme Court ruled on Friday to overturn Roe v. Wade, corporate giants from a range of industries pledged to provide support and financial assistance for employees — and, in some cases, their dependents — seeking abortions in states that outlaw the procedure. The court’s decision
Continue Reading By Clare Duffy and Jennifer Korn, CNN Business After the Supreme Court ruled on Friday to overturn Roe v. Wade, corporate giants from a range of industries pledged to provide support and financial assistance for employees — and, in some cases, their dependents — seeking abortions in states that outlaw the procedure. The court’s decision
Continue Reading By Sara Ashley O’Brien, CNN Business The criminal fraud trial of Elizabeth Holmes’ ex-boyfriend and former second-in-command at Theranos is heading to the jury, roughly three months after it kicked off in the same San Jose, California, courthouse where she was found guilty on four charges of defrauding investors. In closing arguments, which began Tuesday
Continue Reading By Anneken Tappe, CNN Business The overturning of the landmark 1973 Roe v. Wade ruling by the US Supreme Court comes at an economic cost to the nation, economists have warned. Friday’s decision to end the federal constitutional right to an abortion is widely thought to be more ideologically and politically motivated, rather than driven
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