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Catherine Thorbecke, CNN Business Uber once waged a fierce battle against the taxi industry. Now it’s teaming up with New York’s iconic yellow cabs. Uber on Thursday announced a new partnership in New York City that will let its users hail the city’s taxicabs through its app, and let drivers of these traditional taxis accept
Continue ReadingBy Matt Egan, CNN Business The US oil industry doesn’t appear to be in any rush to come to the rescue of Americans struggling with high gas prices. Oil company CEOs say Wall Street is to blame. Fifty-nine percent of oil executives said investor pressure to maintain capital discipline is the primary reason publicly traded
Continue ReadingBy Scottie Andrew, CNN James Van Der Beek sobbing. The guy who blinks in disbelief. That disturbing dancing baby. For these and millions more GIFs, we have Stephen Wilhite to thank. GIFs, those looping animated images, are a universal language — when words fail, a clip of a cool cat spinning beats on a turntable
Continue ReadingOpinion by Nikos Tsafos for CNN Business Perspectives In a matter of weeks, the war in Ukraine has upended an energy relationship between Europe and Russia that goes back decades. Europe understands that it cannot sever ties with Russia overnight, as it still needs Russian energy. But Russia’s role in the European and global energy
Continue ReadingBy Jeanne Sahadi, CNN Business Unless you enjoy throwing money away, you’ll want to do all you can to avoid being hit with tax penalties and interest if you end up owing money to the IRS on your 2021 tax return. Even a relatively small balance owed can balloon quickly. Say you owe the IRS
Continue ReadingBy Anna Bahney, CNN Business Mortgage rates continued to rise amid fears of inflation and geopolitical uncertainty. The 30-year fixed-rate mortgage averaged 4.42% in the week ending March 24, up from 4.16% the week before, according to Freddie Mac. The 30-year fixed-rate mortgage increased by more than a quarter of a percentage point as mortgage
Continue ReadingBy Paul R. La Monica, CNN Business Just 187,000 people in the United States filed for initial weekly unemployment benefits last week, lower than economists’ expectations of 210,000, according to data released Thursday by the Department of Labor. The last time the weekly number was that low was September 6, 1969, shortly after Neil Armstrong
Continue ReadingBy Anna Cooban, CNN Business Russia’s invasion of Ukraine has ended globalization as we know it, says the head of BlackRock, the world’s largest asset manager. BlackRock CEO Larry Fink told shareholders in a letter on Thursday that Russia’s “decoupling from the global economy” following its assault on Ukraine has caused governments and companies to
Continue ReadingBy Becky Anderson, Mostafa Salem and Adam Pourahmadi, CNN Business Qatar will stand “in solidarity with Europe” and will keep natural gas flowing there, even if other customers are willing to pay more, Qatari Energy Minister Saad Sherida Al-Kaabi told CNN’s Becky Anderson in an exclusive interview on Thursday. The Gulf monarchy supplies some European
Continue ReadingBy David Goldman, CNN Business As Russian soldiers bear down on Ukraine, increasingly desperate Ukrainians are running out of food and medicine. The economic fallout from the invasion is beginning to spill over to the rest of the world, too. Forecasts for global growth are being slashed and the chance of a US recession in
Continue ReadingCNN By David Goldman, CNN Business As Russian soldiers bear down on Ukraine, increasingly desperate Ukrainians are running out of food and medicine. The economic fallout from the invasion is beginning to spill over to the rest of the world, too. Forecasts for global growth are being slashed and the chance of a US recession
Continue ReadingBy Charles Riley, CNN Business Russia is breaking market rules left and right as its financial isolation deepens. The latest: Russia’s stock market reopened on Thursday after it was shuttered for a month. Under normal circumstances, there wouldn’t be much demand for shares in Russian companies considering they do most of their business in an
Continue ReadingBy Charles Riley, CNN Business Russia’s stock market opened for the first time in a month on Thursday as investors took part in a highly restricted trading session. The benchmark MOEX index gained as much as 10% in early trade in Moscow and ended the day 4.4% higher. Russia’s central bank has banned short sales,
Continue ReadingBy Laura He, CNN Business Tencent’s stock suffered a sharp drop after the company reported its slowest-ever growth due to a bruising crackdown by China on the country’s tech sector. Shares in the Chinese social media and gaming giant tumbled around 6% in Hong Kong on Thursday after its US-listed shares closed 5.4% lower on
Continue ReadingCNN By Xiaofei Xu, CNN French carmaker Renault announced in a statement Wednesday that it has suspended all activities at its Moscow factory. The announcement comes as Ukrainian leaders have called for a boycott against the company, and accused Renault of “sponsoring Russia’s war machine.” Just one day earlier, Renault had said it was resuming
Continue ReadingBy Xiaofei Xu, CNN French carmaker Renault announced in a statement Wednesday that it has suspended all activities at its Moscow factory. The announcement comes as Ukrainian leaders have called for a boycott against the company, and accused Renault of “sponsoring Russia’s war machine.” Just one day earlier, Renault had said it was resuming production
Continue ReadingBy Uliana Pavlova and Brian Stelter, CNN A Russian journalist working for the independent news site The Insider was killed in a shelling incident in Kyiv, the outlet said in a statement on Wednesday. Oksana Baulina had been filming the shelling destruction in the capital’s Podilskyi District by Russian troops when she came under rocket
Continue ReadingCNN By Samantha Murphy Kelly, CNN Business iPhone owners with an Arizona driver’s license or state ID can now upload either to their Apple Wallet, marking the first time a US state has supported digital versions of this type of identification in the app. But the uses remain very limited, for now. Starting Wednesday, Arizona
Continue ReadingBy Samantha Murphy Kelly, CNN Business iPhone owners with an Arizona driver’s license or state ID can now upload either to their Apple Wallet, marking the first time a US state has supported digital versions of this type of identification in the app. But the uses remain very limited, for now. Starting Wednesday, Arizona residents
Continue ReadingBy Pete Muntean, CNN The CEOs of 10 airlines and cargo carriers have signed a letter to President Joe Biden saying he should end the transportation mask mandate and testing requirements for international travelers. In a new letter, industry group Airlines for America wrote, “now is the time for the Administration to sunset federal transportation
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