By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. This subject is quite sensitive, and some news outlets don’t want to say anything about it on the record for obvious reasons. But Russia’s new censorship law clamping down on
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By Laura He, CNN Business Stocks are tumbling on Monday as oil prices soared above $120 barrel to their highest level in 13 years, raising fears about an inflationary shock to the global economy. European markets plunged in early trade. Germany’s DAX 30 and France’s CAC 40 both fell by more than 3%. London’s FTSE
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By Anna Cooban, CNN Business Nickel prices have soared to all-time highs in the wake of Russia’s invasion of Ukraine, threatening the global transition to electric vehicles. The London Metal Exchange suspended trading in nickel on Tuesday for the first time in its 145-year history after prices doubled in a matter of hours to $100,000
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By Ramishah Maruf, CNN Business American Express is the latest credit card company to announce it is ending its operations in Russia as its invasion into Ukraine escalates. On Sunday, the company said in a statement that globally issued American Express cards will no longer work in Russia, and cards issued in Russia won’t work
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By Ramishah Maruf, CNN Social media videos have played a critical role in CNN’s coverage of Russia’s invasion in Ukraine. But how does the network know they are accurate? Here’s one example: CNN’s investigative team came across alarming footage in late February: Russian helicopters flying menacingly low over dark plumes of rising smoke just a
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By Frank Pallotta, CNN Business Theaters needed a hero, and they got one in a big way this weekend. “The Batman” — which stars Robert Pattinson as the Caped Crusader and Zoë Kravitz as Catwoman — notched an estimated $128.5 million at the North American box office this weekend, according to its studio Warner Bros.
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Opinion by Richard M. Schulze for CNN Business Perspectives The value of a college education has come under scrutiny in recent years. With average student debt in the US rising to more than $37,000 in recent estimates, more students are wondering if it is a choice they can afford. And as more affordable online programs
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By Samantha Murphy Kelly, CNN Business Apple is about to hold its first big product event of 2022 and the focus will be on performance. That likely means faster chips, more devices with 5G connectivity and more powerful cameras. At a virtual event on Tuesday, which has the tagline “peek performance,” Apple is expected to
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By Julia Horowitz, CNN Business The US dollar serves as the backbone of the global economy and is considered the safest currency to hold. So in times of uncertainty, investors like to stock up. What’s happening: The dollar rose to its highest level since spring 2020 last week as fears grew about how Russia’s war
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By Frank Pallotta, CNN Business “Saturday Night Live” kicked off this week’s episode with a Fox News “Ukrainian Invasion Celebration Spectacular,” hosted by Laura Ingraham, who was played by Kate McKinnon, and Tucker Carlson, who was played by Alex Moffat. “Good evening, everyone. I’m Tucker Carlson. I’m like if a pair of boat shoes came
Continue Reading By Frank Pallotta, CNN Business “Saturday Night Live” kicked off this week’s episode with a Fox News “Ukrainian Invasion Celebration Spectacular,” hosted by Laura Ingraham, who was played by Kate McKinnon, and Tucker Carlson, who was played by Alex Moffat. “Good evening, everyone. I’m Tucker Carlson. I’m like if a pair of boat shoes came
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By Ramishah Maruf, CNN The International Monetary Fund said it would bring Ukraine’s request for $1.4 billion in emergency financing to its executive board as early as next week, the IMF said Saturday. And it said countries with close economic ties to Russia are also at risk for shortages and supply disruptions. It is in
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By Kunyi Yang, CNN Business The Russian Tea Room is a 100-year-old New York City icon that has long drawn in locals and tourists alike. In its heyday, the restaurant hosted such luminaries as choreographer George Balanchine, artist Salvador Dali and composer Leonard Bernstein, and it was featured in the movies “Tootsie” and “Manhattan.” It
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By Ramishah Maruf, CNN The maker of Stolichnaya vodka announced a major rebrand Friday, in direct response to its founder’s “vehement position” against the Putin regime and the Russian invasion of Ukraine. The vodka, famously marketed as Russian, will now be sold and marketed simply as Stoli, the company said in a statement. Stoli Group’s
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By Nimi Princewill, CNN As Russian troops tear through Ukraine, swathes of Africa are gearing up to bear the brunt of a potentially drawn-out conflict between the ex-Soviet republics — two of some of the continent’s most cherished trading partners. African economists sound the alarm over a looming and likely catastrophic lowering of trade volumes
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By Nathaniel Meyersohn, CNN Business Clipping coupons is an American pastime. Reality shows devoted to extreme couponers have become sensations. But many companies that issue coupons hate them. Critics say coupons are expensive, wasteful and inefficient advertising. Some companies have gone to great lengths to get rid of them. It didn’t end well. A devoted
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By Alicia Wallace, CNN Business In May 2020, the Bureau of Labor Statistics delivered the worst US jobs report on record: 20.5 million jobs had been lost in the previous month and the national unemployment rate had hit 14.7%. More data followed showing how Black and Hispanic Americans (with jobless rates of 16.7% and 18.9%,
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By Parija Kavilanz, CNN Business The price of premium perfumes recently soared by levels typically never seen for luxury fragrances. But don’t blame rising inflation — the reasons have more to do with consumer behavior in times of stress and uncertainty. The average retail price for fragrances rose by 15% in 2021 compared to 2020,
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By Laura He, CNN Business China has set its lowest official target for economic growth in three decades. Speaking during one of China’s most important political gatherings of the year, Premier Li Keqiang said that China would target GDP growth of about 5.5% this year. The world’s second biggest economy grew 8.1% in 2021, but
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By Angela Dewan, CNN When you turn on the heating in your home, you may not think much about where your energy comes from, let alone where the money you pay for it goes. For millions of people living in Europe, there’s a good chance that money is flowing to the Russian state — much
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