By Paul R. La Monica, CNN Business Stocks fell sharply Friday after the White House said Americans should leave Ukraine “immediately” due to worries about an imminent invasion by Russia. The Dow Jones Industrial Average fell a little more than 500 points, or 1.4%, after the Biden administration said it would be ready to respond
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By Paul R. La Monica, CNN Business Only a month ago, a significant percentage of investors thought that the Federal Reserve wouldn’t need to raise interest rates in March. So much for that. The stock and bond markets are now gripped by fears of multiple rate hikes this year. Inflation worries have become so prevalent
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By Paul P. Murphy and Paula Newton, CNN Online crowd fundraising site GiveSendGo said on Twitter it will not follow a Canadian court order mandating it stop distributing funds to convoy protesters. “Canada has absolutely ZERO jurisdiction over how we manage our funds here at GiveSendGo,” the company wrote on Twitter. “All funds for EVERY
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By Jeanne Sahadi, CNN Business Imagine having filed and paid your taxes last year, then months later you get a letter in the mail from the IRS saying you didn’t. That’s what’s happening to many taxpayers this year thanks to automated notices being sent by the IRS. But if you got one, don’t panic. There’s
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By Vanessa Yurkevich, CNN Business Workers in the Michigan auto industry could lose up to $51 million in wages this week, due to the trucker protest at the US-Canada border, according to Anderson Economic Group. The lost wages are a result of the shutdowns of the Blue Water and Ambassador bridges coupled with shutdowns at
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By Anneken Tappe, CNN Business Prices keep rising, and Americans are growing concerned that Washington’s policies won’t do much about them. An early look at consumer sentiment in February shows just that. Sentiment dropped more than economists expected between the first two months of the year, reaching the worst level in a decade at 61.7
Continue Reading By Anneken Tappe, CNN Business Prices keep rising, and Americans are growing concerned that Washington’s policies won’t do much about them. An early look at consumer sentiment in February shows just that. Sentiment dropped more than economists expected between the first two months of the year, reaching the worst level in a decade at 61.7
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By Matt Egan, CNN Business Three of America’s largest business groups are warning the trucker-inspired protests along the US-Canada border are further straining stressed-out supply chains. In a joint statement Thursday night, the US Chamber of Commerce, Business Roundtable and National Association of Manufacturers urged a swift resolution to the blockages. “The disruptions we are
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By Julia Horowitz, CNN Business Past may not be prologue for financial markets as the global economy continues to reel from the pandemic. But a traditional recession signal is still catching Wall Street’s attention. What’s happening: The US government bond market sold off on Thursday alongside stocks following the news that inflation reached 7.5% in
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By Danielle Wiener-Bronner, CNN Business Anheuser-Busch, known for beers like Budweiser, Busch and Stella Artois, is shining a light on its canned cocktails with a new Super Bowl ad. The commercial, an homage to/parody of Apple’s “Here’s to the crazy ones” campaign, is a love letter to the “lazy” ones: People who walk their dogs
Continue Reading By Paul P. Murphy and Paula Newton, CNN Online crowd fundraising site GiveSendGo said on Twitter it will not follow a Canadian court order mandating it stop distributing funds to convoy protesters. “Canada has absolutely ZERO jurisdiction over how we manage our funds here at GiveSendGo,” the company wrote on Twitter. “All funds for EVERY
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By Frank Pallotta, CNN Business Super Bowl commercials are more expensive than ever. But for advertisers, they’re a better deal than ever. NBC — which is broadcasting this year’s game — announced last week that it is sold out of Super Bowl ads, with multiple 30 second spots having sold for a record $7 million
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Opinion by Tim Calkins for CNN Business Perspectives The Super Bowl is the biggest single advertising event of the year. Companies line up to spend millions of dollars buying commercial time during the game, and they spend months working on the ads, surveying consumers and testing different creative ideas. But unlike most advertising these days,
Continue Reading By Frank Pallotta, CNN Business Super Bowl commercials are more expensive than ever. But for advertisers, they’re a better deal than ever. NBC — which is broadcasting this year’s game — announced last week that it is sold out of Super Bowl ads, with multiple 30 second spots having sold for a record $7 million
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By Joseph Ataman, CNN Business France has announced plans to build up to 14 new nuclear reactors in a move that could help reduce greenhouse gas emissions and provide a buffer against volatile energy prices. President Emmanuel Macron said Thursday that France would construct six nuclear reactors, and study the possibility of commissioning a further
Continue Reading By Joseph Ataman, CNN Business France has announced plans to build up to 14 new nuclear reactors in a move that could help reduce greenhouse gas emissions and provide a buffer against volatile energy prices. President Emmanuel Macron said Thursday that France would construct six nuclear reactors, and study the possibility of commissioning a further
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By Rob McLean, CNN Business CNN anchor Anderson Cooper announced the birth of his second son on Thursday’s “AC360” broadcast. Cooper said his newborn son’s name is Sebastian Luke Maisani-Cooper. “He was 6.8 pounds at birth, and he is healthy and happy. Even his occasional hiccups are, to me, adorable,” Cooper said during the broadcast.
Continue Reading By Rob McLean, CNN Business CNN anchor Anderson Cooper announced the birth of his second son on Thursday’s “AC360” broadcast. Cooper said his newborn son’s name is Sebastian Luke Maisani-Cooper. “He was 6.8 pounds at birth, and he is healthy and happy. Even his occasional hiccups are, to me, adorable,” Cooper said during the broadcast.
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By Matt McFarland, CNN Business A California civil rights agency filed a lawsuit against Tesla Wednesday alleging racism and harassment at the automaker’s Fremont manufacturing plant. Earlier Wednesday Tesla called the lawsuit “misguided” and objected to the claims. “Tesla strongly opposes all forms of discrimination and harassment,” the automaker said in its blog post. “Tesla
Continue Reading By Matt McFarland, CNN Business A California civil rights agency filed a lawsuit against Tesla Wednesday alleging racism and harassment at the automaker’s Fremont manufacturing plant. Earlier Wednesday Tesla called the lawsuit “misguided” and objected to the claims. “Tesla strongly opposes all forms of discrimination and harassment,” the automaker said in its blog post. “Tesla
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