By Parija Kavilanz, CNN Business In Kyiv, a group of small business owners are busy at work. There’s a war raging around them and they’re reminded how close the danger is whenever the warning sirens go off in the Ukrainian capital. They describe it as a jarring sound, yet they push through the fear because
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By Brian Fung, CNN Business Apple CEO Tim Cook blasted regulatory proposals by Congress and in the European Union on Tuesday, arguing that legislation aimed at cracking open the company’s app store will hurt user security and privacy. The remarks show how Apple is bringing out its heaviest hitters in opposing government policies that could
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By Matt Egan, CNN Business Turbulence in the oil market continued on Tuesday, with crude prices soaring back above $100 a barrel on concerns about a loss of supply of oil from Russia and signs that lockdowns in China may be easing. US crude jumped 7% to $100.84 a barrel in recent trading. Brent crude,
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By Jeanne Sahadi, CNN Business Last year may be history. But there may still be one thing you can do this week to reduce your 2021 tax bill (or bolster your refund), all while fattening your retirement savings. You have until Monday, April 18 — the official federal tax-filing deadline — to make a 2021
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By Allison Morrow, CNN Business Yelp has joined a growing list of companies supporting abortion access for their employees in the face of state laws that effectively ban it. In a statement Tuesday, the same day Oklahoma’s governor signed a near-total abortion ban, Yelp said it would cover travel expenses for any of its employees
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By Anna Cooban, CNN Business Nokia has announced its exit from Russia, while rival Ericsson is putting its business there on hold indefinitely, throwing into doubt the country’s ability to build super-fast 5G networks. The Finnish telecom company announced on Tuesday that staying in Russia would “not be possible” given President Vladimir Putin’s ongoing assault
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By Frank Pallotta, CNN Business “Stranger Things” is approaching its final run, but it still has some creepy scares left in store. Netflix’s immensely popular science fiction horror series released the first trailer to its fourth season Tuesday. The teaser gives fans their best look yet at the upcoming adventures for the kids from Hawkins
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By Anna Stewart, CNN Business and Livvy Doherty Roughly a quarter billion more people could be living on less than $1.90 a day by the end of this year due to Covid-19, rising global inequality and the shock of food price increases that have been supercharged by the war in Ukraine, a new report by
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By Matt Egan, CNN Business Bank of America is warning that high inflation poses a credible threat to the economic recovery that began just two years ago. “‘Inflation shock’ worsening, ‘rate shock’ just beginning, ‘recession shock’ coming,” Bank of America chief investment strategist Michael Hartnett wrote in a note to clients on Friday. The warning
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By Brian Stelter, CNN Business David Zaslav, the longtime leader of Discovery, sketched out his vision for the newly formed Warner Bros. Discovery in his first global town hall with the new company’s employees on Thursday. Zaslav spoke from the iconic Warner Brothers movie studio lot in California and was seen by employees around the
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By Frank Pallotta, CNN Business Netflix wants to make it easier for you to recommend the TV shows and films you love. The streaming service introduced a “Double Thumbs Up” button Monday that is “an additional way for members to let us know what types of series and films you want to see more of.”
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By Chris Isidore, CNN Business Boeing is likely to lose about 90 jet orders due to “geopolitical issues” related to Russia’s invasion of Ukraine, the company said Tuesday. The aircraft maker said it is not canceling the orders — yet. But it has placed them in an accounting limbo which it uses when there are
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By Parija Kavilanz, CNN Business Lululemon doesn’t mind if you’ve power walked, danced, stretched or meditated in its clothing. Soon you can trade in your gently used items at any of its US stores. The athleisure company, known for its pricey leggings and yoga pants, said Tuesday it is expanding the resale program it launched
Continue Reading By Anna Cooban, CNN Business Nokia has announced its exit from Russia, while rival Ericsson is putting its business there on hold indefinitely, throwing into doubt the country’s ability to build super-fast 5G networks. The Finnish telecom company announced on Tuesday that staying in Russia would “not be possible” given President Vladimir Putin’s ongoing assault
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By Nicole Goodkind, CNN Business Big banks like to stick together on major policy decisions. But as Wall Street grapples with heading back-to-work, a rare chasm is growing between the finance giants. The implications of these choices, and the resulting stratification of policies will likely ripple through the world of finance and out to Main
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By Peter Valdes-Dapena, CNN Business Electric vehicles have reached a key milestone on the road to becoming ubiquitous. That’s because Toyota, America’s best-selling automaker, is now selling one. You might be surprised to learn that Toyota hasn’t, before now, sold a widely available, real electric vehicle in America. But they have not. Not really. Toyota,
Continue Reading By Peter Valdes-Dapena, CNN Business Electric vehicles have reached a key milestone on the road to becoming ubiquitous. That’s because Toyota, America’s best-selling automaker, is now selling one. You might be surprised to learn that Toyota hasn’t, before now, sold a widely available, real electric vehicle in America. But they have not. Not really. Toyota,
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Opinion by Scott Galloway for CNN Business Perspectives It’s been about six months, since we first heard Meta CEO Mark Zuckerberg’s fever dream for a beautiful metaverse. But the metaverse could be so much more than one man’s quest for control over our virtual lives. Most would agree that the metaverse could be a series
Continue Reading Opinion by Scott Galloway for CNN Business Perspectives It’s been about six months, since we first heard Meta CEO Mark Zuckerberg’s fever dream for a beautiful metaverse. But the metaverse could be so much more than one man’s quest for control over our virtual lives. Most would agree that the metaverse could be a series
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By Anneken Tappe, CNN Business America’s inflation problem didn’t abate in March. Prices kept creeping up, hitting a fresh 40-year high, data from the Bureau of Labor Statistics showed Tuesday. The Consumer Price Index rose 8.5% for the year ended in March, not adjusted for seasonal swings. That outpaced February’s elevated reading of 7.9% and
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