West Texas Intermediate crude futures, the US benchmark, settled at $72.56 a barrel. Both are down over the past month. The read-through to airline stocks? In the event of further escalation of the conflict in the Middle East, higher oil prices could push up the...
As US home prices soar to new heights and keep on climbing, some researchers and economists say they seesigns of a housing bubbletaking shape, my CNN Business colleague Anna Bahney reports. Home prices are rising faster than they should and are becoming “unhinged from fundamentals,” according...
LondonCNN Business— 1. Tariff reversal:The announcement of a deal between the United States and Mexico to stave off US tariffs is boosting global markets. US stock futurespoint higher. The Dow is set to rise 85 points, or 0.3%. The Nasdaq and S&P 500 could jump 0.4% and 0.3%, respect...
4. CNN means business:On Thursday, CNNMoneybecomes the all-new CNN Business, covering the companies, personalities, and innovations driving business forward. This new initiative will focus on the single biggest financial story of our generation: how technology is upending every corner of the global...
London CNN Business — Almost two months after Russia’s invasion of Ukraine, the global metals trade remains in turmoil. What’s happening: The scarcity of commodities like copper, nickel and zinc — hastened by punitive sanctions on Russia and high energy prices — has broken down a centu...
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up righthere. LondonCNN Business— Mass layoffs tied to the coronavirus pandemic sparked a surge in the number of Americans who filed for their first week of unemployment benefit...