Money Archives

The visual nature of much of the misinformation spreading about the war in Ukraine makes it especially hard to detect and counter

Why Ukraine war misinformation is so hard to police

March 15, 2022 10:05 AM CNN Newsource

By Clare Duffy and Rachel Metz, CNN Business Russia’s invasion of Ukraine is unfolding online like no war in history, providing a real-time stream of information on social platforms like Twitter, Facebook and TikTok. But with that unique view into the conflict comes a flood of misinformation that’s especially hard to root out — effectively

The average price of a gallon of regular gas fell to $4.32 a gallon on Tuesday

Gas prices fall — a little

March 15, 2022 8:17 AM CNN Newsource

By Chris Isidore, CNN Business After more than a month of surging prices, Tuesday brought some modest — very modest — relief to drivers. The average price of a gallon of regular gas fell to $4.32 a gallon, down from $4.33 a gallon Monday, according to AAA. Even at just nine-tenths of a cent, it

A pumpjack operates is pictured just outside of the Odessa Ector Power Partners natural gas power plant on March 9 in Odessa

Key inflation measure hits double digits for February

March 15, 2022 7:53 AM CNN Newsource

By Anneken Tappe, CNN Business Prices kept rising in February as another key inflation gauge soared and hit double digits. The US producer price index, which tracks what America’s producers get paid for their goods and services on average over time, rose 10% for the 12-month period ended in February, not adjusted for seasonal swings,

Global oil prices experienced a dramatic spike after Russia invaded Ukraine

Oil prices dropped 30% in a week. What gives?

March 15, 2022 7:42 AM CNN Newsource

By Julia Horowitz, CNN Business After Russia invaded Ukraine, global oil prices experienced a dramatic spike. Just over a week ago, Brent crude leaped above $139 per barrel. Analysts warned prices could touch $185, then $200 as traders shunned Russian oil, pushing inflation even higher and adding huge strain to the global economy. But there’s

The pandemic and the supply chain crisis are causing consumer prices to increase at a level not seen since the start of 1982. Pictured here is a customer at a grocery store in Arlington

When will people get fed up with high prices?

March 15, 2022 7:32 AM CNN Newsource

By Anneken Tappe, CNN Business Americans have watched prices for everything from diapers to gas go up over the past year. So far, they have kept reaching for their wallets. But what happens when they reach their breaking point? The pandemic and the supply chain crisis have pushed the cost of virtually everything higher. Food

People march through Manchester on February 12

Britain’s cost of living crisis is pushing millions to the brink

March 15, 2022 7:13 AM CNN Newsource

By Anna Cooban, CNN Business Nazmin Begum has a problem: she’s having to pay much more to keep her two children warm and fed as the United Kingdom endures its worst cost of living crisis in three decades. “Everything’s increasing,” she told CNN Business during a visit to The Boiler House, which provides discounted food,

Environmental lawyers ClientEarth said on March 15 they were preparing legal action against the directors of Shell over the company's climate transition plan

Shell’s directors face legal action from climate group shareholder

March 15, 2022 5:02 AM CNN Newsource

Story by Reuters and Angela Dewan, CNN Environmental lawyers ClientEarth said on Tuesday they were preparing legal action against the directors of Shell over the company’s climate transition plan, in what they said would be the first such case of its kind. The lawyers from ClientEarth — which is a Shell shareholder — said they

Pictured is a man walking past Moscow's stock market building on February 28. Several major US index providers have removed Russian stocks from indexes at a price of "zero" or "effectively zero.

Russia is no longer an option for investors. These emerging markets are

March 15, 2022 4:57 AM CNN Newsource

By Paul R. La Monica, CNN Business For many years, the world’s most popular emerging markets have been the so-called BRICS: Brazil, Russia, India, China and South Africa. But given that Russia is no longer a market that Westerners can access following the invasion of Ukraine, it might be time for investors to stop lumping

A woman holding a sign reading "NO WAR" interrupted a live news broadcast on Russian state television on March 14 to denounce Russia's invasion of Ukraine.

Journalist interrupts live Russian state news broadcast to denounce invasion of Ukraine

March 15, 2022 3:06 AM CNN Newsource

By Paul P. Murphy, CNN In a bold protest against the invasion of Ukraine, a Russian state television journalist interrupted a live news broadcast Monday, holding a sign that said, “NO WAR.” Marina Ovsyannikova, an editor at Channel One, stood behind a news anchor on air with a poster board sign written in English and

The journalist who protested on Russian state TV says it was ‘impossible to stay silent’

March 15, 2022 3:06 AM CNN

By Charles Riley, CNN Business The Russian state television journalist who took a dramatic stand against President Vladimir Putin’s war in Ukraine during a live broadcast says it was “impossible to stay silent” and that she wants the world to know that many Russians are against the invasion. Marina Ovsyannikova told CNN’s Christiane Amanpour on

Russian TV journalist who protested Ukraine war on-air turns up in court

March 15, 2022 3:06 AM CNN

By David Goldman, CNN Business A Russian state television journalist who protested the invasion of Ukraine during a live news broadcast was found guilty Tuesday of organizing an “unauthorized public event.” A district court in Moscow said in a statement that Marina Ovsyannikova, an editor at Channel One, had been found guilty of the “administrative

Protesters gather in solidarity with Muslim women who were denied entry into school for wearing hijabs

Indian court upholds hijab ban in Karnataka state that prompted weeks of religious clashes

March 15, 2022 2:01 AM CNN Newsource

By Rhea Mogul and Swati Gupta, CNN An Indian high court has upheld a ban on the wearing of hijabs or headscarves in educational institutes in Karnataka state, weeks after religious clashes erupted over the right to wear the Islamic garment in schools. The state’s top court on Tuesday ruled that the hijab was not

Seen here is a man walking across an empty road in Changchun

China’s economy had a surprisingly good start to the year, but it may not last

March 14, 2022 10:54 PM CNN Newsource

By Laura He, CNN Business China’s economy started the year on a bright note, with several major indicators beating forecasts. But as Covid cases in the country spike, keeping up the same pace of growth in the coming months may prove difficult. Retail sales rose 6.7% in the first two months of 2022 compared to

Mizzou economics professor and students discuss the U.S. Department of Education hints at student loan payment pause extending

March 14, 2022 5:18 PM Chanel Porter

COLUMBIA, Mo. (KMIZ) Federal student loan payments are set to resume in May after being paused for more than two years because of the pandemic, but guidance from the U.S. Department of Education seems to hint at the pause being extended. The department recently emailed guidance to the companies that manage its $1.6 trillion student

NASA astronaut and Expedition 66 Flight Engineer Mark Vande Hei sets up hardware on the International Space Station.

NASA says American aboard International Space Station will come back on Russian rocket ‘for sure’

March 14, 2022 4:09 PM CNN Newsource

By Jackie Wattles, CNN Business NASA said Monday that NASA astronaut Mark Vande Hei will return from the ISS later this month aboard a Russian Soyuz spacecraft as previously planned. The space agency sought to reaffirm Monday that it’s still working closely with Russian space agency Rocosmos on the International Space Station, despite mounting geopolitical

Lyft on Monday said it plans to add a small fee on rides to help drivers deal with rising gas prices across the country

Lyft, like Uber, plans to add a fuel surcharge

March 14, 2022 3:24 PM CNN

By Sara Ashley O’Brien, CNN Business Lyft on Monday said it plans to add a small fee on rides to help drivers deal with rising gas prices across the country, days after Uber laid out its plans to do the same. Lyft did not specify how much extra passengers will pay or when the surcharge

Lyft, like Uber, plans to add a fuel surcharge

March 14, 2022 3:24 PM CNN Newsource

By Sara Ashley O’Brien, CNN Business Lyft on Monday said it plans to add a small fee on rides to help drivers deal with rising gas prices across the country, days after Uber laid out its plans to do the same. Lyft did not specify how much extra passengers will pay or when the surcharge

Sarah Bloom Raskin's stance on environmental issues

Biden’s plan to reshape the Fed just hit a hurdle

March 14, 2022 3:17 PM CNN Newsource

By Anneken Tappe, CNN Business President Joe Biden planned to reshape the Federal Reserve through his nominations for the three vacant seats on the board of governors. But Democratic Sen. Joe Manchin of West Virginia threw a wrench into those plans Monday. The crux of the matter is the nomination of Sarah Bloom Raskin, a

Fear of radioactive fallout from accidental or intentional attacks on Ukraine's nuclear plants

Why potassium iodide pills are suddenly in high demand

March 14, 2022 2:43 PM CNN

By Parija Kavilanz, CNN Business As Russia’s assault in Ukraine intensifies, fear of radioactive fallout from accidental or intentional attacks on Ukraine’s nuclear plants, or from the use of a nuclear bomb, has triggered surging demand for potassium iodide pills. In such an event, there’s the frightening risk of large amounts of radioactive iodine (or

Fox News correspondent hospitalized after being injured in Ukraine

March 14, 2022 2:21 PM CNN Newsource

By Oliver Darcy, CNN Business Fox News correspondent Benjamin Hall, who had been deployed in recent weeks to cover the war in Ukraine, has been hospitalized after being injured while reporting near Kyiv, the network said on Monday. “We have a minimal level of details right now, but Ben is hospitalized and our teams on