Money

By Paul R. La Monica, CNN Business US-listed Russian stocks have been in freefall following the invasion of Ukraine — but it’s not the only nation whose stocks are getting whipsawed. Shares of major Chinese firms have been up and down in 2022. There’s plenty weighing on sentiment: worries about leading Chinese companies possibly getting

By Matt Egan, CNN Business Just a few months ago, optimism among American CEOs hit record highs. But given stubbornly high inflation, Russia’s invasion of Ukraine and a Covid wave in Europe, that sunny outlook has dimmed. The Business Roundtable said Monday that its CEO Economic Outlook Survey dipped to a reading of 115 during

By Chris Isidore, CNN Business A Boeing 737 carrying 132 people crashed early Monday in China. Although Boeing’s 737 has faced extraordinarily high-profile safety concerns over the past three years, the plane that crashed Monday was a different version of the aircraft than the embattled 737 Max that shook Boeing to its core. The cause

By Matt Egan, CNN Business Ukrainian President Volodymyr Zelensky is calling out Nestlé for the Swiss company’s continued relationship with Russia. “‘Good food. Good life.’ This is the slogan of Nestlé. Your company that refuses to leave Russia,” Zelensky said Saturday during an address to the people of Switzerland. “Even now — when there are

By Paul R. La Monica, CNN Business It may not be the “elephant-sized” deal that Warren Buffett has long promised, but Berkshire Hathaway is making its biggest acquisition in years: it’s buying insurer Alleghany for $11.6 billion in cash. Buffett, the “Oracle of Omaha,” has been saying for years that he wants to make a

By Jordan Valinsky, CNN Business Taco Bell turns 60 this summer and its employees will have new outfits to mark the occasion. Employees will be given a new T-shirt that’s designed by Los Angeles-based streetwear creator Born X Raised that celebrates the chain’s Southern Californian heritage. The shirt, meant to “commemorate this milestone in the

By Mark Thompson and James Frater, CNN Business Europe will consider joining a US-led embargo of Russian oil this week as the West looks for new ways to punish President Vladimir Putin for waging his devastating war in Ukraine. EU leaders will discuss whether to dump by far the biggest supplier of oil to the

By Matt Egan, CNN Business The White House considered sending gas cards to families to cushion the blow from record-high gas prices before eventually deciding it is not feasible. A White House spokesperson told CNN that gas cards are not seriously under consideration, confirming a report in Axios. The Biden administration is worried that gas

By Michelle Toh and Jojo Chan, CNN Business Hong Kong announced Monday that it would lift flight bans and shorten quarantine requirements after two years of tough Covid restrictions that have hurt the city’s economy and standing among global business. In a press conference Monday, Chief Executive Carrie Lam said that residents of nine countries,

Opinion by Yamini Aiyar for CNN Business Perspectives My children last entered their school gates on March 10, 2020, weeks before India’s national lockdown was announced. Two years on, schools in much of the country remain closed. Some states went against the tide and reopened in 2021 — but only partially, limiting attendance to higher

By Jordan Valinsky, CNN Business Some types of Jergens moisturizer have been recalled because of possible bacterial contamination. The Food and Drug Administration announced that Jergen’s manufacturer, Kao USA, wants customers to check if they have 3-ounce or 10-ounce products of Jergens Ultra Healing Moisturizer, because they could contain pluralibacter gergoviae. Although the bacterium typically

By Charles Riley, CNN Business Russia’s war in Ukraine is reshaping global energy markets. The scale and long-term impact of the changes are still up for debate. The International Energy Agency warned last week that the world could be hit with the biggest supply crisis in decades if Moscow curtails its oil output as companies