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By Charles Riley and Julia Horowitz, CNN Business The West showed Tuesday it was ready to target Russia’s huge energy industry — even at the risk of hurting itself — after Moscow ordered troops into parts of eastern Ukraine. Germany said it was halting certification of the Nord Stream 2 gas pipeline following Moscow’s actions

By Charles Riley, CNN Business Russian stocks whipsawed and the ruble rebounded from a near-record low on Tuesday as investors reacted to President Vladimir Putin’s decision to order troops into eastern Ukraine. Moscow’s MOEX stock index pared heavy losses after shedding more than 10% on Monday, bringing losses so far this year to about 20%.

By Anna Bahney, CNN Business Across the US rent is rising so fast that in many cities buying has become more affordable than renting, even with sky-high home sale prices. The national median rental price jumped 19.8% in January from a year ago, marking the eighth straight month of double-digit increases, according to a report

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. Russian President Vladimir Putin put on a show on Monday — first with a Security Council meeting that was likened to a Netflix drama, then a long speech that was

By Laura He and Rob McLean, CNN Business Global stock markets tumbled and crude oil prices surged to $99 per barrel on Tuesday after Russia ordered troops into parts of eastern Ukraine. Wall Street also fell as traders returned from the holiday weekend, but stocks finished off their lows of the day. The Dow briefly

By Oliver Darcy, CNN Business Neil Cavuto, an immunocompromised Fox anchor who has dissented from the loudest voices at the right-wing network and spoken out in favor of Covid-19 vaccines, revealed on Monday that he had been hospitalized for weeks with a serious case of coronavirus and nearly died. Cavuto, who is vaccinated, had previously

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

By Julia Horowitz, CNN Business Legendary investor Carl Icahn is known for his aggressive campaigns to shake up Corporate America. Now, he’s leveraging his reputation to tackle an issue close to his heart: the welfare of pigs. McDonald’s said Sunday that Icahn had nominated two new directors to its board. The move “relates to a

By Jeanne Sahadi, CNN Business It’s no surprise that anyone looking to quit their current job for a new one will want a position that offers better pay and work-life balance. But what may be surprising is just how much more motivating these issues are in a person’s decision to switch jobs today than they

By Ramishah Maruf, CNN Business Credit Suisse pushed back Sunday after multiple media outlets reported that the Swiss investment bank had clients that included criminals, alleged human rights abusers and parties facing sanctions. “Credit Suisse strongly rejects the allegations and insinuations about the bank’s purported business practices,” the bank said in a news release Sunday.