Money

By Anna Bahney, CNN Business US home prices continued to surge higher in March, as buyers raced to lock in homes before the average mortgage rate hit 5%. Home prices rose 20.6% in March from the year before, an even higher rate than the 20% growth seen in February, according to the S&P CoreLogic Case-Shiller

By Allison Morrow, CNN Business The machines are officially winning. Investors who’ve relied on a standard 60/40 portfolio this year have taken a bath as stocks and bonds have tumbled. Crypto traders aren’t faring well, either. Even gold, the go-to safe haven in volatile times, is underperforming. But for a small subset of specialized hedge

By Diksha Madhok, CNN Business India’s appetite for cheap Russian oil is swelling, even as the West continues to hit Moscow with unprecedented sanctions. Russian Crude flows to India are expected to reach 3.36 million metric tonnes in May, according to estimates from Refinitiv. This is nearly 9 times higher than the 2021 monthly average

By Jack Guy, Pierre Bairin and Dalal Mawad, CNN A French journalist has been shot and killed in Ukraine, according to French President Emmanuel Macron. “Journalist Frederic Leclerc-Imhoff was in Ukraine to show the reality of the war. On board a humanitarian bus, alongside civilians forced to flee to escape the Russian bombs, he was

By Ramishah Maruf, CNN Many businesses, government offices and schools will be closed on Monday, May 30 because of Memorial Day — a federal holiday honoring members of the US armed forces who have died serving the country. The holiday is observed on the last Monday of May. Here’s what’s open and closed on Memorial

By Anna Cooban and James Frater, CNN Business Europe’s united front against Moscow is being put to the test as countries struggle to agree a ban on Russian oil imports. European Union diplomats failed to reach consensus Sunday on the terms of an embargo, but held further talks Monday in preparation for a summit of

By Michelle Toh, CNN Business China’s richest and most international city is trying to return to business as usual after a two-month lockdown, but some restrictions will remain in place. Shanghai authorities on Sunday pledged to allow all businesses to open up from Wednesday. The city’s deputy mayor, Wu Qing, announced the easing of restrictions

By Ramishah Maruf, CNN There’s a growing debate among journalists over how to report on the victims of mass shootings. Some argue that if lawmakers and American citizens were able to see the graphic images of dead bodies in classrooms, there could be a shift in how some in the country approach gun rights. Temple

By Reuters Rivian Automotive said on Friday Charly Mwangi, who helped kick-start the electric-vehicle maker’s manufacturing process, will leave the company. Mwangi, a former Tesla executive, served as executive vice president from May 2020 at Rivian. He brought the R1T pickup truck and R1S SUV to production in late 2021. His departure comes amid the