By Jordan Valinsky, CNN Business A number of companies have suspended production or limited manufacturing output in Ukraine because of the Russian invasion early Thursday. Companies that made those announcements include Carlsberg, a Coca-Cola bottling company, snack maker Mondelez and steel manufacturer ArcelorMittal. They join a number of airlines that have already suspended operations to
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By Kathryn Vasel When it comes to hiring, companies are moving fast. With millions of open jobs and not enough workers to fill them, employers are struggling to attract and retain employees. At the end of 2021, there were 10.9 million job openings, according to the most recent data from the Labor Department. One way
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By Mark Thompson and Chris Liakos, CNN Business Russian stocks crashed by more than 40% and the ruble hit a record low against the dollar on Thursday. The Moscow market rout was triggered by news that Russian troops had launched an attack on Ukraine, a move that is likely to trigger a new wave of
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By Mark Thompson and Chris Liakos, CNN Business Russian stocks crashed and the ruble hit a record low against the dollar on Thursday after Russian troops launched an attack on Ukraine. The invasion is likely to trigger a new wave of “full scale” sanctions aimed at President Vladimir Putin’s inner circle and Russia’s oil-dependent economy.
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By Rob McLean and Michelle Toh, CNN Business The price of bitcoin fell below $35,000 early Thursday after Russian President Vladimir Putin announced a military operation in the Donbas region of Ukraine. Bitcoin was trading at $34,969 as of 1:22 a.m. ET, according to CoinMarketCap. That’s a decline of more than 8% compared to a
Continue Reading By Rob McLean, CNN Business The price of bitcoin fell below $35,000 early Thursday after Russian President Vladimir Putin announced a military operation in the Donbas region of Ukraine. Bitcoin was trading at $34,750.15 as of 12:59a ET, according to CoinMarketCap. That’s a decline of more than 8% compared to a day earlier. The world’s
Continue Reading By Laura He, CNN Business Global stocks plunged after President Vladimir Putin launched a military attack on Ukraine, drawing condemnation from the West and making punishing sanctions all but certain. European stocks tumbled in the opening minutes of trading on Thursday. The FTSE 100 fell 2.5% in London, while France’s CAC 40 dropped 4% and
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By Laura He, CNN Business Global stocks plunged after President Vladimir Putin launched an invasion of Ukraine, drawing condemnation from the West and making punishing sanctions all but certain. European stocks tumbled on Thursday. The FTSE 100 fell 3.9% in London, while France’s CAC 40 dropped 3.8% and Germany’s DAX 30 shed 4%. Russian stocks
Continue Reading By Laura He, CNN Business Asian markets and US stock futures plunged on Thursday as Russian President Vladimir Putin announced a military operation in the Donbas region of Ukraine. Hong Kong’s Hang Seng Index declined 3.2%. Korea’s Kospi dropped 2.7%. Japan’s Nikkei 225 lost 2.4% after coming back from a holiday. China’s Shanghai Composite moved
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By Matt Egan and Charles Riley, CNN Business Oil prices surged above $100 per barrel after Russia launched an invasion of Ukraine, piling pressure on a global economy already reeling from rampant inflation. Brent crude, the global benchmark, added 8.5% to trade at $105.40 per barrel by 5:30 a.m. ET on Thursday. Brent last traded
Continue Reading By Matt Egan and Charles Riley, CNN Business Oil prices surged above $100 per barrel after Russia launched an invasion of Ukraine, piling pressure on a global economy already reeling from rampant inflation. Brent crude, the global benchmark, added 8.5% to trade at $105.40 per barrel by 5:30 a.m. ET on Thursday. Brent last traded
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By Anna Cooban, CNN Business Air France and Lufthansa are the latest airlines to suspend flights into Ukraine as fears of a Russian invasion grow. The French carrier said that it would cancel flights to and from the capital Kyiv on Tuesday as a “precautionary measure,” citing the security situation. “Air France will regularly reassess
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By Paul R. La Monica, CNN Business Wall Street’s attempt for a Wednesday rally failed, with stocks closing broadly lower on continued worries about the likelihood of an imminent invasion of Ukraine by Russia. The Dow closed down more than 464 points, or 1.4%, after opening the session higher. It was a broad-based slide, with
Continue Reading By Paul R. La Monica, CNN Business Wall Street’s attempt for a Wednesday rally failed, with stocks closing broadly lower on continued worries about the likelihood of an imminent invasion of Ukraine by Russia. The Dow closed down more than 464 points, or 1.4%, after opening the session higher. It was a broad-based slide, with
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By Paul R. La Monica, CNN Business The Federal Reserve is going to raise interest rates at its next meeting on March 16 to try to put a lid on inflation. That much we know. The only question is whether the Fed will boost rates by a quarter of a percentage point or a half-point.
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By Jordan Valinsky, CNN Business Pepsi is putting a whole new meaning into the soft drink. In what the company describes its “most ambitious feat yet,” PepsiCo announced Wednesday a first-of-its-kind nitrogen-infused cola that has a creamier and smoother taste compared to traditional carbonated sodas. The beverage, called Nitro Pepsi, is being released in the
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By Parija Kavilanz, CNN Business The wait has ended. Yeezy Gap revealed the first look at its highly anticipated collaboration with fashion powerhouse brand Balenciaga. The 25-piece collection includes a denim jacket paired with jeans, logo tees and hoodies, with some of the items featuring a dove motif representing “hope.” Eight of the items went
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By Matt Egan and Brian Fung, CNN Business The controversial Trump SPAC surged near record highs on Tuesday after former President Donald Trump’s social media app debuted atop Apple’s App Store — even as the launch was marked with a flurry of one-star ratings, technical-support complaints and a massive waiting list. Digital World Acquisition Corporation,
Continue Reading By Matt Egan and Brian Fung, CNN Business The controversial Trump SPAC surged near record highs on Tuesday after former President Donald Trump’s social media app debuted atop Apple’s App Store — even as the launch was marked with a flurry of one-star ratings, technical-support complaints and a massive waiting list. Digital World Acquisition Corporation,
Continue Reading By Jordan Valinsky, CNN Business Pepsi is putting a whole new meaning into the soft drink. In what the company describes its “most ambitious feat yet,” PepsiCo announced Wednesday a first-of-its-kind nitrogen-infused cola that has a creamier and smoother taste compared to traditional carbonated sodas. The beverage, called Nitro Pepsi, is being released in the
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