By Oliver Darcy, CNN Business DirecTV is cutting ties with RT, the Russia-backed television network infamous for promoting Vladimir Putin’s agenda. A spokesperson for the US satellite carrier told CNN on Tuesday that the company had already been reviewing whether to renew the outlet’s carriage agreement, which was due for expiration later this year, and
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By David Goldman and Matt Egan, CNN Business The US Strategic Petroleum Reserve is a man-made underground government storage complex built inside four separate salt domes on the Texas and Louisiana Gulf coast. Combined, the four SPR locations currently hold about 600 million barrels of crude oil. They’re about to get 30 million barrels lighter.
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By Jordan Valinsky, CNN Business Domino’s is raising the price on one of its top promotions. The pizza chain announced that its “Mix and Match” deal, which lets customers choose two or more items for $5.99 each, will soon cost $1 more each for delivery orders. Domino’s said the price, which won’t change for carryout
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By Paul R. La Monica, CNN Business March is looking a lot like January and February on Wall Street. That’s not good news for investors. The Dow fell nearly 600 points Tuesday, or 1.8%, one day after stocks capped off their second straight month of declines to start the year. The Dow managed to finish
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By Brian Fung, CNN Business As hacking by nation-states has grown more pervasive in recent years, Microsoft has long called for the creation of a new Geneva Convention governing cyberspace. But now, for the first time, the tech giant appears to be suggesting that cyberattacks tied to the war in Ukraine could potentially be considered
Continue Reading By Brian Fung, CNN Business As hacking by nation-states has grown more pervasive in recent years, Microsoft has long called for the creation of a new Geneva Convention governing cyberspace. But now, for the first time, the tech giant appears to be suggesting that cyberattacks tied to the war in Ukraine could potentially be considered
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By Frank Pallotta, CNN Business Marvel is Disney’s biggest brand in its media empire, and it’s about to get even bigger on Disney+. A number of Marvel series that originally streamed on Netflix, such as “Daredevil,” “The Punisher,” “Luke Cage,” “Iron Fist” and “Jessica Jones,” will be heading to Disney+ on March 16, Disney announced
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By Jeanne Sahadi, CNN Business If you’re among the employed Americans who were allowed to work remotely during the pandemic last year, count your blessings. But if you worked from a state other than the one where your employer is based, you may have to pay up for that privilege come tax time. Here’s why:
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By Matt Egan, CNN Business Chevron CEO Mike Wirth expressed support on Tuesday for governments to release emergency stockpiles of oil to offset supply fears triggered by Russia’s invasion of Ukraine. “I do think a coordinated response by multiple countries could help in the near-term,” Wirth said in response to a question from CNN during
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By Frank Pallotta, CNN Business “The Batman,” which is anticipated to be one of the biggest blockbusters of the year, won’t hit theaters in Russia following the country’s invasion of Ukraine last week. “In light of the humanitarian crisis in Ukraine, WarnerMedia is pausing the release of its feature film ‘The Batman’ in Russia. We
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By Jackie Wattles, CNN Business Steve Wozniak has a new — and potentially lucrative — passion: Space junk. But the money, according to Wozniak’s co-founder in this new venture, couldn’t be further from the point. “I don’t think Steve [Wozniak] gives a damn about making another 10 cents, and I really couldn’t care less,” Alex
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By Julia Horowitz, CNN Business A global hunt for spare barrels of crude is underway as sanctions slam Russia, the world’s second largest exporter, following its invasion of Ukraine. But don’t expect Saudi Arabia to step in to fill the gap, at least for now. What’s happening: The kingdom could help ease global oil prices,
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By Mark Thompson and Vasco Cotovio, CNN Business Russian President Vladimir Putin is trying to stem the flow of Western businesses fleeing the country over his decision to wage war on Ukraine. Capital controls designed to stop the exodus were announced by Russian Prime Minister Mikhail Mishustin, state news agencies TASS and RIA reported on
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By Alicia Wallace, CNN Business Nearly half a million families are estimated to be stranded without reliable child care, exacerbating the nation’s worker shortage as parents continue to stay home, according to a new report. The report, published by Wells Fargo economists on Tuesday, adds to a growing cache of economic evidence highlighting job losses
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By Jordan Valinsky, CNN Business Coors Light is ditching plastic rings on its six-packs and replacing them with an environmentally friendlier option. Beginning later this year, Coors Light will instead be packaged in cardboard wrap carriers that are recyclable and sustainably sourced. Molson Coors announced the change Tuesday, saying Coors Light is the largest beer
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By Michelle Toh, CNN Business Cryptocurrency prices are climbing after Russia’s ruble sank to another record low and Moscow was hit with new sanctions. As of 5:25 a.m. ET on Tuesday, bitcoin had jumped 13% over the last 24 hours to $43,163, according to cryptocurrency tracker CoinDesk. Other cryptocurrencies moved higher, too. Ethereum climbed 10%
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By Laura He, CNN Business Switzerland, a major hub for storing wealth that is popular with Russian oligarchs, is breaking with its tradition of neutrality to sanction Russia. The Swiss government will adopt EU sanctions imposed following the invasion of Ukraine and immediately freeze any assets belonging to Russian President Vladimir Putin, Prime Minister Mikhail
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By Chris Isidore, CNN Business As the United States and Europe ramp up their sanctions on Russia, Western consumers will soon face rising costs. That’s true even for American consumers, even though relatively few Russian exports reach US shores. The higher prices are modest compared to the destruction of life and property in Ukraine. But
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By Matt Egan, CNN Business Russia faces the specter of a full-blown financial meltdown. Punishing sanctions leveled by the West have sent the ruble crashing to record lows, shuttered Moscow’s stock market and made Russian assets toxic on the world stage. The White House has even taken aim at Vladimir Putin’s financial fortress, removing access
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By Frank Pallotta, CNN Business Disney, Hollywood’s largest and most influential movie studio, is pausing the release of its theatrical films in Russia following the country’s invasion of Ukraine last week. “Given the unprovoked invasion of Ukraine and the tragic humanitarian crisis, we are pausing the release of theatrical films in Russia, including the upcoming
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