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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 of motion sensors
Continue ReadingBy Julia Horowitz, CNN Business Svein Tore Holsether says the world is careening toward a food crisis that could affect millions of people. Record high natural gas prices have forced the company he runs, fertilizer producer Yara International, to curtail its production of ammonia and urea in Europe to 45% of capacity. With less of
Continue ReadingCNN, ALICIA BROWN By Julia Horowitz, CNN Business Svein Tore Holsether says the world is careening toward a food crisis that could affect millions of people. Record high natural gas prices have forced the company he runs, fertilizer producer Yara International, to curtail its production of ammonia and urea in Europe to 45% of capacity.
Continue ReadingCNN, CNNBUSINESS 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
Continue ReadingCNN, CNNBUSINESS by Matt Egan, CNN In a significant reversal, Deutsche Bank announced Friday it is planning to shut down its business in Russia. The shift comes just a day after Deutsche Bank told CNBC it wasn’t “practical” to leave Russia, a source of legal troubles in the past for Germany’s largest lender. “Like some
Continue ReadingBy Oliver Darcy, CNN Business Earlier this week, the right-wing organization Project Veritas released two undercover videos capturing Matthew Rosenberg, a Pulitzer Prize-winning reporter for The New York Times, making a number of disparaging comments about his colleagues and the news media writ large. The videos caused a stir inside The Times due, in part,
Continue Readingby Matt Egan, CNN In a significant reversal, Deutsche Bank announced Friday it is planning to shut down its business in Russia. The shift comes just a day after Deutsche Bank told CNBC it wasn’t “practical” to leave Russia, a source of legal troubles in the past for Germany’s largest lender. “Like some international peers
Continue Readingby Frank Pallotta, CNN Business Disney CEO Bob Chapek apologized for his “silence” on Florida’s controversial bill dubbed “Don’t Say Gay,” days after declining to condemn it. On Monday, Chapek had spoken out about — but did not directly condemn — the controversial “Parental Rights in Education” bill, which would ban educators from discussions about
Continue ReadingPOOL By Anneken Tappe, CNN Business Trade is about to become a key element of the global response to Russia’s invasion of Ukraine following the array of sanctions that have already been imposed. On Friday, President Joe Biden announced that the United States, along with the G7 nations and the European Union, aim to strip
Continue ReadingBy Chris Isidore, CNN Business No matter where you go in the United States, gas prices are uncomfortably high. Filling up a car for $60, $70 or $80 is a painful experience wherever you live. But not all Americans are feeling pain at the pump equally. For example, you might think drivers in California are
Continue ReadingBy Paul R. La Monica, CNN Business Even with the pandemic, the stock market enjoyed gains in 2020 and 2021. But is the party on Wall Street over? The Dow fell 230 points, or 0.7%, Friday and ended the week with a 2% loss. The Dow has now lost ground for five straight weeks and
Continue ReadingBy Anneken Tappe, CNN Business Trade is about to become a key element of the global response to Russia’s invasion of Ukraine following the array of sanctions that have already been imposed. On Friday, President Joe Biden announced that the United States, along with the G7 nations and the European Union, aim to strip Russia
Continue ReadingBy Matt Egan, CNN Business The West is already crushing Russia’s economy. Now a bipartisan group of lawmakers want to limit Vladimir Putin’s access to Russia’s mountain of gold. A bipartisan bill introduced this week aims to ramp up the financial pressure another notch by making it harder for Moscow to use gold to prop
Continue ReadingCNN By Matt Egan, CNN Business The West is already crushing Russia’s economy. Now a bipartisan group of lawmakers want to limit Vladimir Putin’s access to Russia’s mountain of gold. A bipartisan bill introduced this week aims to ramp up the financial pressure another notch by making it harder for Moscow to use gold to
Continue ReadingBy Paul R. La Monica, CNN Business A single share of Amazon and Google owner Alphabet each trades at nearly $3,000 — a pretty high price for average investors. But that will soon change: The companies will split their shares, reducing their stock prices sharply, in the next few months. Could other high-priced blue chip
Continue ReadingCNN, CNNBUSINESS By Anneken Tappe, CNN Business American consumers are getting pummeled from all sides: Supply chain constraints and high demand mean delays for products and rising costs. Now gas prices are soaring on the back of the Russia-Ukraine conflict, creating an even more bitter cocktail. An early look at how Americans are feeling about
Continue ReadingBy Anneken Tappe, CNN Business American consumers are getting pummeled from all sides: Supply chain constraints and high demand mean delays for products and rising costs. Now gas prices are soaring on the back of the Russia-Ukraine conflict, creating an even more bitter cocktail. An early look at how Americans are feeling about the economy
Continue ReadingBy Mark Thompson, CNN Business Europe has given itself just five years to break its addiction to Russian oil and gas. European Commission President Ursula von der Leyen said Friday that EU leaders had agreed to spend the next two months drafting proposals for eliminating the bloc’s dependency on Russian energy imports by 2027. “By
Continue ReadingBy Beth Braverman You probably already know that you need a good credit score to get the best interest rates on a mortgage or auto loan, which can make a big difference to your budget over time. “With something like a mortgage, even a minor difference in rates can have a big impact on your
Continue ReadingOpinion by Elaine Maag for CNN Business Perspectives Over the past several months, consumer prices have risen across the board, especially for basic needs like food, gas and shelter. And low- and middle-income families are getting hit the hardest. Not only do they spend a larger share of their income meeting basic needs, they tend
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