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CNN By Frank Pallotta, CNN Business “Saturday Night Live” returned from a nearly monthlong hiatus without a cold open. Instead of a funny satirical sketch, the NBC variety show chose to present a powerful tribute to the country of Ukraine. The tribute follows Russia launching an unprecedented military assault on the country earlier this week.
Continue ReadingBy Frank Pallotta, CNN Business “Saturday Night Live” returned from a nearly monthlong hiatus without a cold open. Instead of a funny satirical sketch, the NBC variety show chose to present a powerful tribute to the country of Ukraine. The tribute follows Russia launching an unprecedented military assault on the country earlier this week. The
Continue ReadingBy Ramishah Maruf, CNN YouTube said Saturday that it will temporarily halt the ability of a number of Russian channels, including state-sponsored RT, to monetize their content on the platform. It will also be “significantly limiting” recommendations to those channels, YouTube said in a statement. The company said the channels are affiliated with recent sanctions,
Continue ReadingBy Chris Isidore, CNN Business Russia isn’t a superpower, at least not when it comes to the global economy. Its gross domestic product puts it as only the 12th largest economy in the world according to the International Monetary Fund, about 25% smaller than Italy and more than 20% smaller than Canada, two countries with
Continue ReadingBy Brian Stelter, CNN Business Chris Licht, the producer who created “Morning Joe,” revamped “CBS This Morning” and revitalized “The Late Show with Stephen Colbert,” has been selected to run CNN once Discovery merges with WarnerMedia this spring, according to three sources with knowledge of the plan. The parties involved have not yet commented on
Continue ReadingCNN 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
Continue ReadingBy Jon Sarlin, CNN Business Bitcoin is a pollution-creating mess. Despite efforts to make the energy-intensive mining process friendlier to the environment, it has grown significantly more reliant on fossil fuels over the past year. China’s cryptocurrency mining ban in the spring of 2021 significantly worsened Bitcoin’s environmental impact, according to a new research on
Continue ReadingBy Clare Duffy and Brian Fung, CNN Business Ukraine’s official Twitter account wants @Russia to be removed from the platform. YouTube is facing scrutiny for allowing a Russian broadcaster who is widely viewed as part of the country’s propaganda machine to continue making money from ads on the video site. And TikTok, a service that
Continue ReadingBy Paul R. La Monica, CNN Business Warren Buffett’s Berkshire Hathaway reported a nearly $40 billion profit in the fourth quarter, up more than 10% from the same period of 2020. Profits more than doubled for the full year, to just shy of $90 billion. Operating earnings, Buffett’s preferred measure of profitability, soared 45% in
Continue ReadingBy Jordan Valinsky, CNN Business It doesn’t matter where you go: Fast-food hamburgers almost uniformly look like the same round, flat patties. Except for Wendy’s, which has square burgers. The reason for the outlier four-sided shape can be traced back to Wendy’s founder Dave Thomas. In 1969, he opened the first Wendy’s in Columbus, Ohio,
Continue ReadingBy Alicia Wallace, CNN Business The grocery run, the fuel-up and the utility bill are all costing more these days — not to mention the surging home prices and rising rents. But a trip to the neighborhood dispensary might not elicit similar feelings of sticker shock. While Americans have seen prices climb across most of
Continue ReadingCNN By Oliver Darcy, CNN Business The state of affairs in the Ukrainian capital of Kyiv keeps changing at a breakneck pace. Within days, residents have gone from not believing Russia would attack their country to taking cover in bomb shelters and praying for help. Some have left the city, while others have picked up
Continue ReadingBy Oliver Darcy, CNN Business The state of affairs in the Ukrainian capital of Kyiv keeps changing at a breakneck pace. Within days, residents have gone from not believing Russia would attack their country to taking cover in bomb shelters and praying for help. Some have left the city, while others have picked up automatic
Continue ReadingBy Chris Isidore, CNN Business Union organizers overwhelmingly won a vote Friday to represent workers at a Starbucks in Mesa, Arizona, giving them their third win in an effort to organize the sector. The vote was 25 in favor of the union and only 3 opposed. There were a total of 43 workers eligible to
Continue ReadingBy Jennifer Korn, Pete Muntean and Gregory Wallace, CNN The Russian invasion of Ukraine has already killed hundreds, sent thousands of refugees fleeing, and sent ripples throughout the entire world. With closed airspaces in and around the conflict leaving some stranded and flights rerouted, impending fuel price jumps, airlines and countries cutting off Russia and
Continue ReadingBy Brian Fung, CNN Business The Federal Communications Commission is on the hunt for companies it oversees that may have ownership ties to Russia, in a prelude to possible clampdowns following Russia’s invasion of Ukraine. The internal assessment, which has not been previously reported or publicly announced, was launched this week by FCC Chairwoman Jessica
Continue ReadingCNN, CNNBUSINESS By Brian Fung, CNN Business The Federal Communications Commission is on the hunt for companies it oversees that may have ownership ties to Russia, in a prelude to possible clampdowns following Russia’s invasion of Ukraine. The internal assessment, which has not been previously reported or publicly announced, was launched this week by FCC
Continue ReadingCNN, CNNBUSINESS By Brian Fung, CNN Business Facebook, Twitter and YouTube are all taking tougher stances on content from Russian state media amid intensifying pressure from European officials for the Big Tech platforms to act against pro-Russian propaganda and address the escalating information war in Ukraine and across the internet. But there are concerns that
Continue ReadingBy Brian Fung, CNN Business The Russian government moved to “partially restrict” Facebook access in the country on Friday after Russia’s ministry of communications accused the social network of unlawful censorship. In a statement, ministry officials said Facebook had committed human rights violations and “violated the rights and freedoms of Russian citizens” when the social
Continue ReadingCNN, CNNBUSINESS By Brian Fung, CNN Business The Russian government moved to “partially restrict” Facebook access in the country on Friday after Russia’s ministry of communications accused the social network of unlawful censorship. In a statement, ministry officials said Facebook had committed human rights violations and “violated the rights and freedoms of Russian citizens” when
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