Money Archives

Slavic restaurant manager says prayers for her Ukrainian family to stay safe

February 25, 2022 6:36 PM Kennedy Miller

Russia’s invasion of Ukraine continues to affect many people around the world including here in Mid-Missouri.

Union organizers win another Starbucks vote

February 25, 2022 6:07 PM CNN Newsource

By Chris Isidore, CNN Business Union organizers overwhelmingly won a vote Friday to represent workers at a Starbucks in Mesa, Arizona, giving them their third win in an effort to organize the sector. The vote was 25 in favor of the union and only 3 opposed. There were a total of 43 workers eligible to

Passengers wait at Pushkin Sheremetyevo International Airport

How the Russian invasion of Ukraine is impacting global aviation

February 25, 2022 4:50 PM CNN Newsource

By Jennifer Korn, Pete Muntean and Gregory Wallace, CNN The Russian invasion of Ukraine has already killed hundreds, sent thousands of refugees fleeing, and sent ripples throughout the entire world. With closed airspaces in and around the conflict leaving some stranded and flights rerouted, impending fuel price jumps, airlines and countries cutting off Russia and

FCC probes media and telecom sector for Russia ownership ties

February 25, 2022 1:40 PM CNN Newsource

By Brian Fung, CNN Business The Federal Communications Commission is on the hunt for companies it oversees that may have ownership ties to Russia, in a prelude to possible clampdowns following Russia’s invasion of Ukraine. The internal assessment, which has not been previously reported or publicly announced, was launched this week by FCC Chairwoman Jessica

FCC probes media and telecom sector for Russia ownership ties

February 25, 2022 1:40 PM CNN

By Brian Fung, CNN Business The Federal Communications Commission is on the hunt for companies it oversees that may have ownership ties to Russia, in a prelude to possible clampdowns following Russia’s invasion of Ukraine. The internal assessment, which has not been previously reported or publicly announced, was launched this week by FCC Chairwoman Jessica

Big Tech cracks down on Russian state media content amid mounting pressure

February 25, 2022 1:23 PM CNN

By Brian Fung, CNN Business Facebook, Twitter and YouTube are all taking tougher stances on content from Russian state media amid intensifying pressure from European officials for the Big Tech platforms to act against pro-Russian propaganda and address the escalating information war in Ukraine and across the internet. But there are concerns that cracking down

The Russian government moved to "partially restrict" Facebook access in the country on Friday after Russia's ministry of communications accused the social network of unlawful censorship.

Russia moves to ‘partially restrict’ Facebook access over censorship allegations

February 25, 2022 12:55 PM CNN Newsource

By Brian Fung, CNN Business The Russian government moved to “partially restrict” Facebook access in the country on Friday after Russia’s ministry of communications accused the social network of unlawful censorship. In a statement, ministry officials said Facebook had committed human rights violations and “violated the rights and freedoms of Russian citizens” when the social

Elon Musk and brother reportedly face insider trading probe

February 25, 2022 10:46 AM CNN Newsource

By Chris Isidore, CNN Business Tesla CEO Elon Musk and his brother are under investigation by the Securities and Exchange Commission for possibly violating insider trading rules, according to media reports. The Wall Street Journal, citing unnamed people familiar with the probe, said the investor watchdog agency is looking into sales of Tesla shares by

Foot Locker’s stock tumbles 35% because Nike wants to go on its own

February 25, 2022 10:20 AM CNN Newsource

By Jordan Valinsky, CNN Business Foot Locker’s stock tumbled 35% Friday after the shoe store predicted sales and profit would fall sharply this year. The culprit: Nike. The retailer, which didn’t explicitly mention Nike in its earnings report, said Friday that no single supplier is expected to account for more than about 60% of its

Even as home prices have skyrocketed during the pandemic

The Black homeownership rate is now lower than it was a decade ago

February 25, 2022 9:45 AM CNN Newsource

By Anna Bahney, CNN Business Even as home prices have skyrocketed during the pandemic, homeownership continues to grow. But the rate of home buying has not increased at the same pace for all Americans, according to a new report from the National Association of Realtors. More Americans own a home now than in any year

An Instacart worker leaves groceries at the gate of a home in New Hampshire in April 2020.

Instacart desperately needed them not long ago. Now some workers say they are struggling to get orders

February 25, 2022 9:17 AM CNN Newsource

By Sara Ashley O’Brien, CNN Business In the early days of the pandemic, as households around the country went into lockdown, shoppers for Instacart had a seemingly limitless amount of grocery orders to fulfill. Their earnings were, at times, bolstered significantly by generous tips in recognition of the personal health risk workers were taking. But

Orders wait to be taken to patrons at Scoreboard Bar and Grill on Monday

The labor shortage could lead to a recession next year

February 25, 2022 8:12 AM CNN Newsource

Opinion by Gad Levanon for CNN Business Perspectives Over the past 12 months, US consumer prices rose by 7.5%, the highest rate in nearly 40 years. Worse, inflation is showing no signs of slowing. The Federal Reserve typically fights inflation by raising interest rates, which slows the economy by reducing the demand for goods and

A shopper walks through a grocery store in Washington

This key measure of inflation climbed at the fastest pace since 1982 last month

February 25, 2022 8:10 AM CNN Newsource

By Anneken Tappe, CNN Business Yet another key measure of inflation ticked higher at the start of the year, rising at its fastest pace in nearly 40 years. The price index tracking consumer spending increased by 6.1% between January 2021 and January 2022, according to new data from the Commerce Department released Friday. That was

This key measure of inflation climbed at the fastest pace since 1982 last month

February 25, 2022 8:10 AM CNN

By Anneken Tappe, CNN Business Yet another key measure of inflation ticked higher at the start of the year, rising at its fastest pace in nearly 40 years. The price index tracking consumer spending increased by 6.1% between January 2021 and January 2022, according to new data from the Commerce Department released Friday. That was

Storage silos and shipping cranes at the Port of Odessa in Odessa

Oil traders are shunning Russian crude. Here’s why

February 25, 2022 7:46 AM CNN Newsource

By Julia Horowitz, CNN Business The West has not gone after Russian oil. But nervous traders have decided they still don’t want to touch it, jolting the global energy market at a delicate moment. The main grade of oil that Russia exports into Europe is now being offered for sale at a hefty discount, signaling

Burger King's largest franchisee in the United States said that it will soon reduce the number of nuggets in meals from ten pieces to 8.

Burger King’s largest franchise cuts chicken nugget count as prices surge

February 25, 2022 7:42 AM CNN Newsource

By Jordan Valinsky, CNN Business Chicken nuggets have fallen victim to rising prices. Burger King’s largest franchisee in the United States said Thursday that it will soon reduce the number of nuggets in meals from ten pieces to 8. Carrols Restaurant Group, which operates 14% of Burger Kings’ roughly 7,000 US locations, told investors Thursday

Two of the world's biggest container shipping companies are halting cargo bookings to and from Russia.

Another squeeze on Russia: Three shipping companies won’t sail there

February 25, 2022 7:18 AM CNN

By Chris Liakos, CNN Business Two of the world’s biggest container shipping companies are halting cargo bookings to and from Russia. “As the stability and safety of our operations is already being directly and indirectly impacted by sanctions, new Maersk bookings to and from Russia will be temporarily suspended, with exception of foodstuffs, medical and

Production of fermented milk products at the Danone dairy production plant in the town of Chekhov.

These companies have the most to lose from Russia’s attack on Ukraine

February 25, 2022 6:50 AM CNN

By Jordan Valinsky, CNN Business International companies that hold a major presence in Russia are bracing for more sanctions from Western countries. Russia has already paid a price for its aggression: the country’s stock markets and currency have tanked this week after President Vladimir Putin ordered troops into Ukraine. Sanctions from the United States and

These companies have the most to lose from Russia’s attack on Ukraine

February 25, 2022 6:50 AM CNN Newsource

By Jordan Valinsky, CNN Business International companies that hold a major presence in Russia are bracing for more sanctions from Western countries. Russia has already paid a price for its aggression: the country’s stock markets and currency have tanked this week after President Vladimir Putin ordered troops into Ukraine. Sanctions from the United States and

Russia and Ukraine together account for about a third of global wheat supply.

China lifts restrictions on Russian wheat imports

February 25, 2022 6:29 AM CNN Newsource

By Laura He, CNN Business China has relaxed restrictions on imports of Russian wheat, a move that could address food security concerns in the world’s second largest economy and ease the impact of Western sanctions on Russia. The decision to allow imports of wheat from all regions of Russia was made during Russian President Vladimir