Money

By Julia Horowitz, CNN Business The run-up in oil prices since Russia invaded Ukraine has been dramatic. But analysts and traders think the recent rally could be just the beginning, as warnings of $200 crude start to trickle through the market. What’s happening: The price of oil soared to its highest level since 2008 on

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. Protests were documented in dozens of Russian cities on Sunday — risky actions against a war that Russians are not supposed to call a “war.” OVD-Info, an independent monitoring group

By Laura He, CNN Business Stocks are tumbling on Monday as oil prices soared above $120 barrel to their highest level in 13 years, raising fears about an inflationary shock to the global economy. European markets plunged in early trade. Germany’s DAX 30 and France’s CAC 40 both fell by more than 3%. London’s FTSE

By Ramishah Maruf, CNN Business American Express is the latest credit card company to announce it is ending its operations in Russia as its invasion into Ukraine escalates. On Sunday, the company said in a statement that globally issued American Express cards will no longer work in Russia, and cards issued in Russia won’t work

By Ramishah Maruf, CNN Social media videos have played a critical role in CNN’s coverage of Russia’s invasion in Ukraine. But how does the network know they are accurate? Here’s one example: CNN’s investigative team came across alarming footage in late February: Russian helicopters flying menacingly low over dark plumes of rising smoke just a

By Julia Horowitz, CNN Business The US dollar serves as the backbone of the global economy and is considered the safest currency to hold. So in times of uncertainty, investors like to stock up. What’s happening: The dollar rose to its highest level since spring 2020 last week as fears grew about how Russia’s war

By Frank Pallotta, CNN Business “Saturday Night Live” kicked off this week’s episode with a Fox News “Ukrainian Invasion Celebration Spectacular,” hosted by Laura Ingraham, who was played by Kate McKinnon, and Tucker Carlson, who was played by Alex Moffat. “Good evening, everyone. I’m Tucker Carlson. I’m like if a pair of boat shoes came

By Ramishah Maruf, CNN The International Monetary Fund said it would bring Ukraine’s request for $1.4 billion in emergency financing to its executive board as early as next week, the IMF said Saturday. And it said countries with close economic ties to Russia are also at risk for shortages and supply disruptions. It is in

By Alicia Wallace, CNN Business In May 2020, the Bureau of Labor Statistics delivered the worst US jobs report on record: 20.5 million jobs had been lost in the previous month and the national unemployment rate had hit 14.7%. More data followed showing how Black and Hispanic Americans (with jobless rates of 16.7% and 18.9%,