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By Ramishah Maruf, CNN Russia’s independent news network, TV Rain, shuttered its Moscow operations in early March — its newsroom empty, broadcast signal shut off. The decision followed the draconian “Fake News” law the Kremlin enacted, effectively making it a crime to report the truth about the war in Ukraine. But the husband-and-wife team behind
Continue ReadingCNN By Ramishah Maruf, CNN Russia’s independent news network, TV Rain, shuttered its Moscow operations in early March — its newsroom empty, broadcast signal shut off. The decision followed the draconian “Fake News” law the Kremlin enacted, effectively making it a crime to report the truth about the war in Ukraine. But the husband-and-wife team
Continue ReadingBy Frank Pallotta, CNN Business The Academy Awards ceremony is Hollywood’s biggest night, and for decades, it was one of the most watched television events each year. Not anymore. Last year the broadcast experienced record low ratings, bringing in a mere 9.8 million viewers. Just eight years ago, the Oscars nabbed more than 40 million
Continue ReadingBy Chris Isidore, CNN Business Another Boeing plane has been grounded after a fatal crash, this time in China. That may be the least of the company’s problems in a crucial market. The decision to ground the Boeing model 737-800 was made by China Eastern Airlines, which operated the jet that crashed March 21, killing
Continue ReadingOpinion by Bill Carter for CNN Business Perspectives At some point during the Academy Awards ceremony Sunday night, someone will undoubtedly shower praise on the nominated films as superb additions to the art of movie-making. But more importantly, someone — probably a lot of someones, including hosts, presenters and winners — will also confront the
Continue ReadingBy Paul R. La Monica, CNN Business The Federal Reserve has already raised interest rates once this year and is likely to keep hiking them for the rest of 2022. Investors have largely brushed off worries about higher rates, with the hope that the increases will ease inflation pressures without slowing down the economy too
Continue ReadingBy Lucy Bayly, CNN Business The bond market is flashing a warning sign that has correctly predicted almost every recession over the past 60 years: a potential inversion of the US Treasury note yield curve. An inverted yield curve is often seen as a signal that investors are more nervous about the immediate future than
Continue ReadingBy Nicole Goodkind, CNN Business Former Federal Reserve head Alan Greenspan has a keen interest in men’s underwear. Not because he’s preoccupied with the evolving fashions of nether garments — rather, he sees underwear sales as a key economic predictor. Sounds weird, right? But it’s just one of the many strange ways experts try to
Continue ReadingBy Nathaniel Meyersohn, CNN Business Saving money can take a little extra effort: clipping coupons, searching for a promotional code, signing up for an email list…. But Amazon sometimes makes us check a box to save. Huh? Those orange “coupon” banners below the price on Amazon’s online store are a head-scratcher. Why does Amazon make
Continue ReadingBy Frank Pallotta, CNN Business Netflix has accomplished a lot in Hollywood: It’s partnered with notable filmmakers, produced buzzy hit films and launched the streaming craze that revolutionized the industry. Yet there’s one coveted Tinseltown accolade Netflix hasn’t received: the Academy Award for best picture. That could change this weekend. Netflix’s film “The Power of
Continue ReadingBy Oliver Darcy, CNN Business A judge in Washington D.C. on Thursday dismissed a high-profile case filed by a Washington Post politics reporter who alleged that the newspaper and its former top editor subjected her to unlawful discrimination after she publicly said that she had been the victim of sexual assault. The reporter, Felicia Sonmez,
Continue ReadingBy Matt Egan, CNN Business Inflation is so hot that Wall Street banks are falling over each other to predict the dramatic moves the Federal Reserve will have to make to cool prices off. Goldman Sachs raised eyebrows earlier this week by forecasting the Fed will raise interest rates by a half a percentage point
Continue ReadingBy Alicia Wallace, CNN Business Consumer sentiment slumped again in March, hitting its lowest level since August 2011, the University of Michigan reported Friday. High inflation, volatile oil prices, geopolitical unrest and now rising interest rates, have left consumers with a bitter taste about the state of the US economy. The March index was revised
Continue ReadingCNN By Matt Egan, CNN Business The House Oversight Committee launched a probe Monday into Credit Suisse, demanding documents linked to the bank’s compliance with sanctions on Russian oligarchs. In a letter to Credit Suisse CEO Thomas Gottstein, US lawmakers asked the bank to turn over information and documents about a portfolio of loans backed
Continue ReadingBy Abbas Al Lawati, CNN “It’s always nice to be wanted,” Qatar’s energy minister Saad Sherida al-Kaabi said in jest during an exclusive interview with CNN’s Becky Anderson on Thursday. “Everyone in Europe is talking to us,” he said. Qatar, one of the world’s top suppliers of liquefied natural gas (LNG), has been thrust into
Continue ReadingBy Frank Pallotta, CNN Business DC is taking a page from Marvel’s playbook comic book. Warner Bros. on Thursday released a deleted scene from “The Batman” showing more of the Caped Crusader’s greatest nemesis, The Joker. The scene is from the latest film based on the superhero, which hit theaters earlier this month. The five-minute-long
Continue ReadingBy Charles Riley, CNN Business North Atlantic shipping lanes are going to be very busy this year as an armada of US natural gas shipments heads to Europe, helping the continent to reduce its reliance on Russian energy following the invasion of Ukraine. The Biden administration said Friday that the United States will work with
Continue ReadingBy Matt Egan, CNN Business The war in Ukraine. Red-hot inflation. And rapid interest rate hikes. The economic recovery that began two years ago faces credible threats that could lead to its premature demise. The US economy has at least a one-in-three chance of sinking into a recession over the next 12 months, Moody’s Analytics
Continue ReadingBy Angela Dewan, International Climate Editor, CNN Nine European and US fossil fuel companies have paid a collective $15.8 billion to Russia in various forms of taxes and fees since the country annexed Crimea from Ukraine in 2014, a group of NGOs said Thursday. The groups, Global Witness, Greenpeace USA and Oil Change International, used
Continue ReadingBy Laura He, CNN Business China Eastern Airlines is grounding dozens of aircraft after a deadly crash earlier this week. The airline and its subsidiaries have temporarily grounded 223 Boeing 737-800 aircraft, airline spokesperson Liu Xiaodong said in a press conference on Thursday. The same type of plane was involved in the crash. The grounded
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