By Mark Thompson, CNN Business Russia is finding it ever harder to sell its oil and gas. Shell said Tuesday it was breaking completely with Russia’s giant energy industry, halting all purchases of Russian crude oil immediately and shutting its service stations in the country. The UK-based company, which last week announced it was dumping
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By Laura He, CNN Business Chinese retail investors are snapping up stocks with even the slightest link to trade with Russia, as they bet on closer economic ties between the two countries following unprecedented Western sanctions on Moscow. From shipping firms to port operators, shares of more than a dozen Chinese companies that have trade
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By Esha Mitra and Rhea Mogul, CNN Indian university student Niranjana Santhosh was so close to being evacuated from the bombarded Ukrainian city of Sumy on Monday that she was sitting on a bus with her bags packed, waiting for the driver to start the engine. But three hours later, she and dozens of other
Continue Reading By Esha Mitra and Rhea Mogul, CNN Indian university student Niranjana Santhosh was so close to being evacuated from the bombarded Ukrainian city of Sumy on Monday that she was sitting on a bus with her bags packed, waiting for the driver to start the engine. But three hours later, she and dozens of other
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Gas prices continue to spike across the country as the Russian invasion of Ukraine continues, causing drivers pain at the pump.
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By Rishi Iyengar, CNN Business Like much else about the country, Russia’s internet has long straddled East and West. Russian citizens, unlike their Chinese counterparts, have been able to access US tech platforms such as Facebook, Twitter and Google, though they have been subject to censorship and restrictions — the defining feature of China’s internet
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By Chris Isidore, CNN Business US drivers have never paid this much for gasoline. The price for a gallon of regular gas now stands at $4.17, according to AAA. That breaks the previous record of $4.11 a gallon that has stood since July 2008. As Russia continues its military offensive in Ukraine, gas prices are
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By Ramishah Maruf, CNN Business Disney CEO Bob Chapek spoke out about Florida’s controversial “Don’t Say Gay” bill in a staff email — but doubled down on his refusal to publish a public statement against it. Chapek said he and Disney’s leadership “unequivocally stand” with LGBTQ+ employees. He said the company, which employs over 75,000
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by Frank Pallotta, CNN Business Disney CEO Bob Chapek apologized for his “silence” on Florida’s controversial bill dubbed “Don’t Say Gay,” days after declining to condemn it. On Monday, Chapek had spoken out about — but did not directly condemn — the controversial “Parental Rights in Education” bill, which would ban educators from discussions about
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Opinion by Nicole Bachaud for CNN Business Perspectives The nation’s sizzling housing market is a double-edged sword: millions of existing homeowners have gotten a boost as they watch their equity grow, but millions more would-be homeowners are struggling to get their foot in the door — especially buyers of color. As of January of this
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By Paul R. La Monica, CNN Business Tech stocks, like the rest of the broader market, have seen their fair share of ups and downs since Russia’s invasion of Ukraine at the end of February. But for one part of the technology sector — cybersecurity -— it’s been a roaring bull market for the past
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By Rachel Metz, CNN Business In mid-February, privacy and digital rights activists were buzzing about a recent victory: Earlier in the month, the Internal Revenue Service said it would back away from a controversial plan to force taxpayers to use facial-recognition software before they could log in to its website. “This has definitely been a
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By Nathaniel Meyersohn, CNN Business Ryan Cohen, a favorite of the Reddit investors who drove the GameStop stock mania in 2020, now wants to shake things up at Bed Bath & Beyond. Cohen’s company RC Ventures bought a nearly 10% stake in Bed Bath & Beyond, making the investment firm a top-5 shareholder, Cohen said
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By Sara Ashley O’Brien, CNN Business WeWork said Monday that it is planning to divest its operations in Russia, one week after its CEO said the real estate company’s “assets do incredibly well” there and he didn’t think it would need to pull out of the country. “Together with our colleagues, members, and landlords, we
Continue Reading By Sara Ashley O’Brien, CNN Business WeWork said Monday that it is planning to divest its operations in Russia, one week after its CEO said the real estate company’s “assets do incredibly well” there and he didn’t think it would need to pull out of the country. “Together with our colleagues, members, and landlords, we
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By Beth Braverman There are countless things you need to think about when you get your first full-time job: How to make a good impression on your boss, connect with your colleagues and figure out how to spend that first paycheck. One thing that may not be top of mind: setting up your retirement account.
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By Chris Isidore, CNN Business Gas prices continued to climb Monday, rising to just short of a record high. At their skyrocketing pace, the price per gallon record of $4.11 will probably be broken in just a day or two. The average price of a gallon of regular gas hit $4.07, according to AAA’s survey
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By Abbas Al Lawati and Nadeen Ebrahim, CNN A revival of the 2015 Iran nuclear deal appeared to be imminent by the end of last week. The main parties to the talks indicated that an agreement was close, until an unlikely hurdle emerged. Russia, which has largely stood by Iran in its conflict with the
Continue Reading By Abbas Al Lawati and Nadeen Ebrahim, CNN A revival of the 2015 Iran nuclear deal appeared to be imminent by the end of last week. The main parties to the talks indicated that an agreement was close, until an unlikely hurdle emerged. Russia, which has largely stood by Iran in its conflict with the
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By Anna Cooban, CNN Business Netflix and TikTok are suspending all or part of their services in Russia, adding to a long list of companies boycotting the country over its war in Ukraine. Netflix said on Sunday that it would stop streaming its content in Russia, though it did not specify what would happen to
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