CNN – Business/Consumer

By Matt Egan, CNN Business Citigroup, the major US bank with the biggest footprint in Russia, said Monday it will expand its exit from Russia to go beyond the long-planned sale of its consumer bank there. Citi said in a statement it has decided to “expand the scope” of its exit process to include “other

By Julia Horowitz, CNN Business Russia’s war in Ukraine is roiling the global economy as policymakers race to get high inflation under control. But China’s response to its worst outbreak of Covid-19 in two years is a reminder that the conflict isn’t the only risk to the recovery. What’s happening: The world’s second-largest economy is

CNN, CNNBUSINESS By Charles Riley, CNN Business Russia has sent the clearest signal yet that it will soon default — the first time it will have failed to meet its foreign debt obligations since the Bolshevik revolution more than a century ago. Half of the country’s foreign reserves — roughly $315 billion — have been

By Joe Sutton, CNN A number of high-powered global businesses called on Texas Governor Greg Abbott (R) to abandon the state’s anti-LGBTQ+ initiatives. Sixty-five companies including Apple, Capital One, Google, Ikea, Johnson & Johnson, LinkedIn, Macy’s, Microsoft, PayPal, and Yahoo signed the open letter. “Discrimination is bad for business” the headline read in an advertisement

CNN By Ramishah Maruf, CNN In light of Russia’s newly imposed draconian anti-press law, journalists are ceasing to report from inside Russia and many have left the country — including international reporters from outlets such as CNN and The New York Times. But one Russian journalist — Yevgenia Albats, editor-in-chief and CEO of the liberal,

By Ramishah Maruf, CNN In light of Russia’s newly imposed draconian anti-press law, journalists are ceasing to report from inside Russia and many have left the country — including international reporters from outlets such as CNN and The New York Times. But one Russian journalist — Yevgenia Albats, editor-in-chief and CEO of the liberal, independent

CNN By Clarissa Ward, Mick Krever, Brian Stelter and Lauren Kent, CNN Award-winning American journalist Brent Renaud was killed by Russian forces in the Ukrainian city of Irpin, police in Kyiv said in social media posts on Sunday. Another American journalist, Juan Arredondo, was wounded. In a tweet, Kyiv region police identified the dead man

By Clarissa Ward, Mick Krever, Brian Stelter and Lauren Kent, CNN Award-winning American journalist Brent Renaud was killed by Russian forces in the Ukrainian city of Irpin, police in Kyiv said in social media posts on Sunday. Another American journalist, Juan Arredondo, was wounded. In a tweet, Kyiv region police identified the dead man as

By Anneken Tappe, CNN Business The Federal Reserve is going to try to hike interest rates without pushing the world’s biggest economy into recession. Russia’s war in Ukraine will make its balancing act more difficult. With inflation running near 8%, the US central bank can’t afford to wait any longer to start raise rates from

By Kelly McCleary, CNN “Saturday Night Live” kicked off its show this weekend with its version of President Joe Biden meeting with TikTok stars to get their help combating Russian disinformation surrounding the country’s invasion of Ukraine. The sketch came after real White House Press Secretary Jen Psaki and officials from the National Security Council

By Ramishah Maruf, CNN CVS CEO Karen Lynch removed a regional manager and several employees after a harassment allegation was not treated seriously, the company said in a statement sent to CNN Business Friday. At the end of 2021, the company received an anonymous report that alleged misconduct by someone in field management, CVS said

By Parija Kavilanz, CNN Business Far-reaching global sanctions against Russia for its invasion of Ukraine are affecting the global supply of a precious commodity — the diamonds used in jewelry. President Biden on Friday issued an executive order prohibiting imports of certain products originating in Russia. They include fish, seafood, luxury goods, alcoholic beverages and

CNN By Parija Kavilanz, CNN Business Far-reaching global sanctions against Russia for its invasion of Ukraine are affecting the global supply of a precious commodity — the diamonds used in jewelry. President Biden on Friday issued an executive order prohibiting imports of certain products originating in Russia. They include fish, seafood, luxury goods, alcoholic beverages

By Julianne Pepitone, CNN Business There’s pain at the pump for American drivers as US gas prices soar to record highs. Although the United States barely uses Russian oil, Russia’s invasion of Ukraine is still a big factor in the gas-price spike — among other reasons. Confused? We’ll walk you through it. So why is

CNN By Julianne Pepitone, CNN Business There’s pain at the pump for American drivers as US gas prices soar to record highs. Although the United States barely uses Russian oil, Russia’s invasion of Ukraine is still a big factor in the gas-price spike — among other reasons. Confused? We’ll walk you through it. So why

CNN, CNN BUSINESS By Nathaniel Meyersohn, CNN Business Walgreens and other retailers have swapped out the clear fridge and freezer doors at thousands of stores, instead adding opaque doors with iPad-like screens showing what’s inside. Some customers really, really aren’t into it. The screens, which were developed by the startup Cooler Screens, use a system