Money

By Jeanne Sahadi, CNN Business Curious about cryptocurrencies? Some employers may soon offer you the option to invest in bitcoin and other digital currencies through your 401(k). There is increasing discussion at financial service firms about how they could best provide a relatively safe crypto option in 401(k)s and other employer-sponsored retirement plans. For instance,

By Julia Horowitz, CNN Business The epicenter of the latest effort to raise money for Ukraine was a bare-bones office above a bakery in north London. Isaac Kamlish, Nathan Cohen and Isaac Bentata — ages 23 to 25 — gathered around their laptops earlier this week and helped launch the first-ever sale of one-of-a-kind digital

By Mark Thompson, CNN Business Vladimir Putin’s deadline has come and gone and Russian natural gas is still flowing to Europe. The Russian president delivered an ultimatum Thursday to “unfriendly” nations to pay for their energy in rubles starting April 1 or risk being cut off from vital supplies. Was that a bluff? It’s too

By Julia Horowitz, CNN Business The US stock market just logged its most tumultuous quarter since the start of the pandemic, as rising inflation and Russia’s invasion of Ukraine spooked investors and encouraged companies to think twice about pursuing mergers or Wall Street debuts. What’s happening: The S&P 500 fell almost 5% between January and

By Anna Cooban, CNN Business Britons were hit Friday by a huge rise in energy bills, compounding the country’s worst cost-of-living crisis in decades. About 22 million households will see their annual bills soar to about £2,000 ($2,626) after the UK’s energy regulator lifted its price cap by 54% — the biggest jump since it

By Anneken Tappe, CNN Business America’s labor market is roaring back, adding another 431,000 jobs in March and bringing the unemployment rate to a new pandemic-era low of 3.6%, the Bureau of Labor Statistics reported Friday. Prior to the pandemic, the jobless rate was at 3.5%, matching the near 50-year low first set in 2019.

By Laura He, CNN Business China’s strict lockdown in Shanghai is heaping even more pressure on global supply chains. On Friday, Shanghai extended restrictions in many parts of the city, which is home to China’s financial hub and one of the world’s busiest ports. The Port of Shanghai had already been suffering from major holdups,

By Michelle Toh, CNN Business China and Europe’s top leaders are set to meet on Friday, as their vast and growing trade relationship threatens to be overshadowed by differences over Russia and other geopolitical tensions. At the virtual EU-China summit, Beijing is expected to face pressure from one of its top trading partners over the

By Peter Valdes-Dapena, CNN Business The Toyota Corolla became world’s best-selling car mostly because it’s inexpensive, efficient and practical. Exciting? Maybe not that. Over the decades — the Corolla model has been in production since 1966 — there have been some fun, high-performance versions of the compact car, though. On Thursday night in Long Beach,

By Steve Contorno, CNN Florida Gov. Ron DeSantis on Thursday signaled support for stripping Disney of its 55-year-old special status that allows the entertainment company to operate as an independent government around its Orlando-area theme park. It’s the latest fallout in the feud between DeSantis, a Republican widely seen as a potential 2024 presidential contender,

By Mirna Alsharif, CNN Business A former Yale administrative employee pleaded guilty on Monday of defrauding the university of more than $40.5 million by reselling electronics purchased with school funds over at least an eight-year period, according to court documents. Jamie Petrone-Codrington, 42, who was director of finance and lead administrator at the medical school’s

By Matt Egan, CNN Business The International Energy Agency is planning to hold an emergency meeting Friday, a person familiar with the matter confirmed to CNN, setting the stage for other nations to follow the United States’ lead in releasing oil from emergency reserves. After announcing a record release of 180 million barrels of oil,