By Chris Isidore, CNN Business Russia’s invasion of Ukraine is a major reason that US drivers are paying record prices for gasoline. But it’s not the only cause of the spike. Numerous factors are pushing prices up, with regular gasoline hitting a record $4.40 a gallon Wednesday according to AAA’s survey. Gas prices were already
Continue Reading By Chris Isidore, CNN Business Russia’s invasion of Ukraine is a major reason that US drivers are paying record prices for gasoline. But it’s not the only cause of the spike. Numerous factors are pushing prices up, with regular gasoline hitting a record $4.40 a gallon Wednesday according to AAA’s survey. Gas prices were already
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By Jordan Valinsky, CNN Business Bill Gates said he has tested positive for Covid-19. The outspoken vaccine advocate said on Twitter he’s “experiencing mild symptoms” and he’s “following the experts’ advice by isolating until I’m healthy again.” Gates added that he’s “fortunate to be vaccinated and boosted.” The billionaire Microsoft founder also said Tuesday that
Continue Reading By Jordan Valinsky, CNN Business Bill Gates said he has tested positive for Covid-19. The outspoken vaccine advocate said on Twitter he’s “experiencing mild symptoms” and he’s “following the experts’ advice by isolating until I’m healthy again.” Gates added that he’s “fortunate to be vaccinated and boosted.” The billionaire Microsoft founder also said Tuesday that
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By Hadas Gold, Abeer Salman and Amir Tal, CNN Palestinian-American Al Jazeera journalist Shireen Abu Akleh was fatally shot while covering an Israeli military operation in the West Bank city of Jenin on Wednesday. The Palestinian health ministry said she was shot in the head by a live bullet, and confirmed her death shortly afterwards.
Continue Reading By Hadas Gold, Abeer Salman and Amir Tal, CNN Palestinian-American Al Jazeera journalist Shireen Abu Akleh was fatally shot while covering an Israeli military operation in the West Bank city of Jenin on Wednesday. The Palestinian health ministry said she was shot in the head by a live bullet, and confirmed her death shortly afterwards.
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By Mark Thompson and Anna Cooban, CNN Business Ukraine suspended the flow of some Russian natural gas to Europe on Wednesday, blaming Moscow for diverting supplies from the vital pipeline network. Russian gas, a key source of energy for Germany and many other EU economies, had continued to flow uninterrupted through pipelines across Ukraine since
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By Peter Valdes-Dapena, CNN Business The Ford F-150 Lightning may be the best pickup truck the company has ever made. All it took was making it completely electric, something that, not long ago, might have seemed off-brand for a traditional truck company like Ford. Newer automakers have so far led the way on electric trucks.
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By Laura He, CNN Business Car sales saw a record decline last month in China, the world’s largest automobile market, as strict Covid-19 lockdowns take a severe economic toll. And no auto maker suffered more than Tesla. The EV maker sold 1,512 vehicles in mainland China last month, down 98% from March, according to data
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By Swati Gupta and Rhea Mogul, CNN India’s top court on Wednesday ordered the temporary suspension of the country’s controversial sedition law, putting pressure on the government which has been accused of misusing it to stifle free speech. The colonial-era law will be paused until the government completes a review, the Supreme Court said. No
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By Parija Kavilanz, CNN Business Laura Modi is fielding dozens of emails, calls, and texts daily from anxious parents asking about how they can get baby formula. Modi is CEO and cofounder of Bobbie, a San Francisco-based direct-to-consumer seller and subscription service for organic milk-based baby formula that is produced in a Vermont facility and
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By Rishi Iyengar, CNN Business One of the video game industry’s most iconic franchises will soon look very different. Electronic Arts and its subsidiary EA Sports will end a three-decade partnership with FIFA — global soccer’s governing body — the gaming company announced on Tuesday. Starting next year, the hugely popular FIFA video game franchise
Continue Reading By Parija Kavilanz, CNN Business Laura Modi is fielding dozens of emails, calls, and texts daily from anxious parents asking about how they can get baby formula. Modi is CEO and cofounder of Bobbie, a San Francisco-based direct-to-consumer seller and subscription service for organic milk-based baby formula that is produced in a Vermont facility and
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By Clare Duffy, CNN Business In the days following the January 6 Capitol riot, Twitter became the first major social media platform to permanently suspend then-President Donald Trump for violating its rules against inciting violence. It was a huge step and one that instantly put pressure on other big platforms to take action. Within days,
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By Catherine Thorbecke, CNN Business Apple said Tuesday it would discontinue production of the last iPod model it still sells, effectively bringing an end to the iconic product line that helped usher in a new era for the music industry and the tech giant. Apple said customers can continue to purchase an iPod Touch device
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By Matt Egan, CNN Business Treasury Secretary Janet Yellen addressed the economic consequences of overturning Roe v. Wade on Tuesday during testimony before the Senate Banking Committee. “I believe that eliminating the right of women to make decisions about when and whether to have children would have very damaging effects on the economy and would
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By Brian Fung and Clare Duffy, CNN Business Elon Musk said Tuesday that he would restore former President Donald Trump’s banned account on Twitter if his deal to acquire the company is completed. Musk’s remarks at Financial Times’ Future of the Car conference mark his first public acknowledgment of what had been widely expected since
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By Matt McFarland, CNN Business Tesla recalled 129,960 vehicles this month to fix infotainment systems that may overheat before and during fast charging. Tesla says it is resolving the flaw with an over-the-air software update, which refreshes software wirelessly like a smartphone app update, making the recall less burdensome for Tesla and affected owners. Tesla
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By Alicia Wallace, CNN Business With daily life now the most expensive it’s been in 40 years, single parents say they are running out of places to cut costs. The price of groceries, gas, rent and utilities has marched higher over the past year; but wages have not kept up — and more than half
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By Paul R. La Monica, CNN Business Many investors, including Warren Buffett, are betting that higher crude oil prices are here to stay for a while. It’s a good wager, thanks to the spike in oil prices from about $75 a barrel at the end of last year to above $100 now. Nearly all of
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