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Opinion by Asa Hutchinson and Phil Murphy for CNN Business Perspectives As Americans strive to emerge from the darkest days of the Covid-19 pandemic, our reliance on products from outside the US has been on stark display. From a dearth of new cars to the increasing costs of construction materials to shortages of some household

By Charles Riley, CNN Business Western sanctions are decimating Russia’s economy and sending shockwaves through global markets. Still, there is more to come from the United States and its allies. President Joe Biden flies to Europe on Wednesday on a trip that includes meetings with EU, NATO and G7 leaders. On Thursday, Biden will announce

By Michelle Toh, CNN Business War in Europe has triggered a massive flight of capital from an Asian island nearly 5,000 miles away. Over the last month, Russia’s invasion of Ukraine has heightened concerns about the risk that China could increase its military force against Taiwan, triggering what some analysts have described as an unprecedented

By Chris Isidore, CNN Business Workers at a Starbucks store in its Seattle hometown voted unanimously to be represented by a union, giving the organizing effort by some company employees their most one-sided victory to date. The store is a small one, with 13 employees eligible to vote, and only nine had their votes counted.

By Chris Isidore, CNN Business You might not know Sean O’Brien. But he is poised to shake up the US economy in a way no one else has in recent memory. O’Brien was sworn in Tuesday as the new general president of the 1.3-million member International Brotherhood of Teamsters, succeeding James Hoffa, son of the

By Nicole Goodkind, CNN Business Goldman Sachs CEO David Solomon will DJ at Chicago’s Lollapalooza music festival this July alongside acts like Metallica, Dua Lipa, Doja Cat, and Green Day. The 60-year-old, who moonlights as an electronic dance DJ when he’s not running one of the largest investment banks in the world, has brought in

By Matt McFarland, CNN Business Tesla opened its third assembly plant near Berlin, Germany, and made the first deliveries of its Model Y sedan there Tuesday. The world’s most valuable automaker will reportedly produce as many as 500,000 vehicles a year at the plant and plans to hire as many as 12,000 workers. The capacity

By Jennifer Korn, CNN Business BuzzFeed News announced on Tuesday that its editor in chief is stepping down and the company is offering buyouts to eligible staffers that could turn into layoffs. Editor in Chief Mark Schoofs, who replaced Ben Smith in 2020, announced his decision to the newsroom Tuesday. Samantha Henig, BuzzFeed’s vice president

By Danielle Wiener-Bronner, CNN Business A few weeks after Russian President Vladimir Putin began his assault on Ukraine, American restaurants said they would pull out of Russia. But many of them remain open. McDonald’s, Starbucks, Papa Johns and the owner of Burger King, among others, have said that they would either shut down operations in

By Rebecca Wright and Olha Konovalova, CNN The parents of Ukrainian journalist Oleksandra “Sasha” Kuvshynova say the death of their daughter, killed while reporting on the war in their homeland, has helped them to discover a lot more about her life. Her father, Andriy Kuvshynov, told CNN they always knew Sasha was a “talented girl”

By Frank Pallotta, CNN Business Disney employees staged a walkout Tuesday in protest of the company’s response to Florida’s controversial Parental Rights in Education law, which critics have dubbed the “Don’t Say Gay” bill. While many employees at Disney headquarters in Burbank, California, did protest, it did not appear to be a massive showing across